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Nick G | Breed VC Profile picture
@NickDGarcia
Aug 18, 2024 • 1 tweets • 1 min read • Read on X
Hard to argue that @Polymarket is not the crypto app of the year.

It is on track to reach $475 million in volume and 75,000 new accounts in August alone.

It is universally cited by pollsters, pundits, normies, and campaigns.

Usage and relevance are only going to accelerate as we get closer to November.

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More from @NickDGarcia

Nick G | Breed VC Profile picture
Jan 15, 2024
State of Moonbeam Q4 2023

In Q4 2023, the @MoonbeamNetwork saw substantial growth and development.

XCM activity hit an all-time high, daily active addresses rose 50% QoQ, over 300 projects confirmed in the Moonbeam ecosystem, and the parachain slot extended 🧵 Image
The circulating mc for GLMR ended Q4 at $370M, and the fully diluted mc at $503M.

MOVR re-rated to represent a large % of KSM’s mc 55%, with a valuation of $236M compared to KSM's $431M. In contrast, GLMR's mc remained at a small % of DOT's mc 3% 🧐 Image
In Q4, Moonbeam had $126,000 in revenue (+123% QoQ).

The % of GLMR staked has consistently risen over several quarters, culminating in 37% of its total supply being staked by the end of Q4.

Referendum 139 extended Moonbeam's parachain slot through June 2025 for 162,800 DOT. Image
Read 10 tweets
Nick G | Breed VC Profile picture
Nov 2, 2023
~State of @0xPolygon Q3 2023

In Q3 '23, the Polygon ecosystem experienced significant advancements and activity.

The rollout of Polygon 2.0, a new leading NFT collection, the first chain to deploy using the CDK, and a doubling in QoQ active addresses on the zkEVM.

🧵 Image
~Financial Overview

MATIC's market cap fell 16% QoQ, ending the quarter at $4.9B.

Revenue fell 56% QoQ to $5.1 million in USD terms.

The decline in revenue was due to a 60% QoQ decline in the avg transaction fee going from $0.05 to $0.02.

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As part of the Polygon 2.0 upgrade, MATIC is being phased out in favor of POL.

POL was activated on mainnet on Oct 25th.

POL will allow holders to contribute to security across various chains via a native re-staking protocol and features an inflationary model.
Read 12 tweets
Nick G | Breed VC Profile picture
Jan 30, 2023
The State of @NEARProtocol Q4 2022

- Daily active accounts set an all-time high.
- Transactions are up 50% YoY while average fees remain below one cent.
- TVL is well distributed.
- Active validators set an all-time high.
- Nightsharing Phase-2 is planned for late 2023.
~Financial and Network Overview

Despite the difficult market conditions, NEAR continued to see strong growth in network activity.

Daily active accounts set an all-time high, total transactions were up 50% YoY, new accounts were marginally down, and transaction fees were <$0.01
~DeFi

Despite the bear market, the TVL on the NEAR Network has remained steady, with a quarterly decrease of 10% but a YoY increase of 160%, from 43 million to 113 million.

This is particularly impressive considering the discontinuation of the USN stablecoin in Q4.
Read 13 tweets
Nick G | Breed VC Profile picture
Jan 30, 2023
State of @hedera Q4 2022

- Hedera ended Q4 with an all-time high in TVL
- Multiple Hedera Network Services set all-time highs in network activity
- The Hedera Governing Council added its 27th member
~Financial and Network Overview

The collapse of FTX shook the industry. HBAR was not spared, losing 33% of its value.

However, fundamentals were resilient.

During Q4, transfer volume and transactions were up 123% and 70%, respectively.
~DeFi

In Q3, Hedera's first DEX @SaucerSwapLabs launched.

In Q4, two new DEXs, @HeliSwap_DEX and @bubbleswapio launched.

At the end of Q4, Hedera had a TVL of $23M. This growth in TVL is particularly noteworthy as the Hedera DeFi ecosystem only recently launched in Q2'22.
Read 14 tweets
Nick G | Breed VC Profile picture
Oct 17, 2022
In March, @LabosNomades declared "2022 is the year of scaling Tezos."

Since then, @tezos has forklessly upgraded 3 times with a 4th planned for later this year.

During Q3, the network set an all-time-high in NFT Sales Volume (XTZ).

But that's just the tip of the iceberg.
~ Key Metrics

Tezos’ key performance indicators yielded mixed results. There was, however, one silver lining: NFT sales volume (in XTZ terms) reached another all-time-high. Image
~ Financial Overview

Financial KPIs were mixed, with revenue significantly down while intramural metrics related to the XTZ token were consistent. Image
Read 14 tweets
Nick G | Breed VC Profile picture
Oct 7, 2022
Q3 was loko.

Q3 was more 'normal'.. What ever that means in this space.

There is a lot happening in the @Polkadot ecosystem.
~ Key Insights

- Parachain slot auctions continued with 8 new winners. Through 28 auctions, 132M DOT (11% of total supply; worth $850M) has been bonded.

- XCM adoption continued to increase. XCM V3 was announced.

- Further details surrounding Governance V2 were released. Image
~ Financial Overview

Polkadot tracked the broader market with a 39% bear market rally before fully retracing.

Financial KPIs were mixed, with revenue significantly down while the treasury balance and expenditures increased. Image
Read 10 tweets

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