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Decentralised.Co Profile picture
@Decentralisedco
Sep 2, 2024 • 1 tweets • 2 min read • Read on X
The value DeFi brings to Ethereum in 4 charts
▪ Gas Usage
▪ ETH Burned
▪ Daily Active Addresses
▪ TVL

Gas Usage
DEX trades are the dominant activity that users are spending gas on. In Jan 2023, DEX trades made up 22% of gas spent on Ethereum. That number has risen to 44% in August 2024.
Data from @21co__ on @DuneAnalytics

ETH Burned
DeFi is the primary driver of ETH burn since the merge, contributing to almost half of all ETH burned.

Here's the breakdown:
1) DeFi: 49.5% (644,770 ETH)
2) NFTs: 16.45% (214,321 ETH)
3) L2s: 12.70% (165,403 ETH)
4) ETH transfers: 8.89% (115,833 ETH)
5) Misc: 6.71% (87,350 ETH)
6) MEV: 3.13% (40,734 ETH)
7) Contract Creations: 2.55% (33,169 ETH)
8) Blob Fees: 0.08% (1020 ETH)
Data from @ultrasoundmoney

Daily Active Addresses
DeFi has the third-highest number of daily addresses, with an average of 76.4k addresses engaging with DeFi applications daily on Ethereum this year.
Data from @artemis__xyz

TVL
TVL is largely DeFi dominated and Ethereum is unrivaled in that aspect.

Ethereum and its DeFi protocols have strong product-market fit for activities that prioritise stability and security, and the numbers reflect this accordingly.

Over 57% ($46.2B) of all TVL in crypto is on Ethereum.
Data from @DefiLlamaImage
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More from @Decentralisedco

Decentralised.Co Profile picture
Dec 17, 2024
What if the future of energy isn’t controlled by governments or corporations—but by you?

A new wave of DePIN innovators are decentralising the energy supply chain, turning solar power into a $100B opportunity. Image
@GlowFND @daylightenergy_ @Powerledger_io @RowanEnergy @plumenetwork @charge_xyz @DeCharge__ @starpowerworld @PyseEarth @combinderio 1/ Solar power has hit a tipping point. It's now the cheapest source of energy across the world.

Since 2010, solar tariffs have plunged by an astonishing 8x, making it more affordable than ever to harvest energy directly from the sun. Image
2/ And yet, despite over a decade of aggressive solar installations, it accounts for just 5% of global electricity generation.

What’s holding it back? Image
Read 14 tweets
Decentralised.Co Profile picture
Dec 4, 2024
Introducing SentientMarketCap.

Your go-to platform to track, analyse and make sense of the AI Agent sector on Solana and the
@virtuals_io ecosystem.

Here's why we built it and what it offers. 🧵 Image
Link to the platform: sentientmarketcap.comImage
It all began with a tweet.

On Oct 13, 2024, @truth_terminal, an AI agent backed by @pmarca, endorsed $GOAT on Solana. Within weeks, we saw a whole new crypto sector: AI agent coins.

Read 13 tweets
Decentralised.Co Profile picture
Nov 14, 2024
Sentient memes are all the rage, but one in particular has caught our attention.

It sits right at the intersection of finance, social networks & meme assets.

@ai16zdao has built a portfolio that has multiplied in value without ever doing a trade. How does it work? We dug in. Image
First, the numbers. ai16z launched on @daosdotfun with a little under $100k.

The AUM has since ballooned to $1.9 million as creators send Eliza assets to build their own bots. Why? Because it helps build visibility for the asset itself.

Kind of reminiscent of Snoop Dogg's metaverse buy.Image
But how does it work?

There are a few parts to it.

ai16z relies on tweets from @pmarca and @DegenSpartan to form its decisions. It then uses a conversational agent (Eliza) with a Twitter client to build a social presence.

Clearly, KOLs have competition... Image
Read 9 tweets
Decentralised.Co Profile picture
Oct 28, 2024
Async Execution is Web3's Javascript moment (🧵/10) Image
@solana 1/ Think back to the early web: every interaction required a full page reload from the server.

Click a button? Wait. Fill a form? Wait. Check a notification? Wait again.

The web was trapped in a sequential, step-by-step world. 🕰️ Image
2/ Then JavaScript revolutionised everything. Suddenly websites could perform multiple tasks independently.

Forms could validate as you type. Data could load in the background. 3D graphics could be rendered on your device.

The web became alive, responsive, dynamic.✨ Image
Read 12 tweets

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