crypto data nerd working on:
https://t.co/o4NHrypxgc L2 Gas Data |
https://t.co/BzTsLR2zWn ERC4337 Data |
https://t.co/44vREFPAKo Rollup Data |
https://t.co/u8PYa3hTwo Scroll Data | ๐ฌ๐ญ
5 subscribed
Jun 12 โข 4 tweets โข 2 min read
How has EIP-4844 impacted L2 costs?
1/ As the table below shows, most L2s experienced a 90%+ reduction in their L1 costs after adopting EIP-4844 blobs
L1 costs = Gas and Blob Fees for batch posting transactions + Gas Fees for proof verification transactions2/ Since their costs dropped by an order of magnitude, L2s could afford to reduce the gas fees they charged users.
As shown in the charts below, the cost of making common transactions like ETH transfers or Uniswap trades has dropped 90%+ on most L2s.
May 20 โข 5 tweets โข 2 min read
I often get asked the question, "What's happening onchain?"
The answer usually lies in incentives. Every new wave of onchain activity is driven by a new incentives playbook. For example ๐
[2020] Liquidity mining
- Compound, a lending protocol, kicked off the liquidity mining trend in June 2020 with a wildly successful token incentive program. Compound's TVL spikes from $100M to $600M in one week
- Every DeFi protocol under the sun copied this playbook and DeFi summer entered full swing.
Jan 12 โข 6 tweets โข 2 min read
Learning crypto data science changed my life and was 100% free.
If you're looking for a change (I was a transport planner), start coding 1 hour a night. More on weekends.
Pick a simple @DuneAnalytics project. Learn just enough to build it. Pick a bigger project. Repeat.
It took me 3 years to get to my current level of crypto data proficiency (preceded by 3 years of writing coding in other fields). Here are some free resources you can use to get there 10X faster ๐
Dec 15, 2023 โข 4 tweets โข 2 min read
Here is what rollups spent on posting data to Ethereum in November:
1. Arbitrum - $4.4M 2. Linea - $3.7M 3. Optimism - $2.508M 4. zkSync Era - $2.506M 5. Scroll - $1.43M 6. Base - $1.34M 7. Polygon zkEVM - $678k 8. Starknet - $500k 9. Zora - $211k 10. Aevo - $109k 11. Orderly - $101.2k 12. zkSync Lite - $101k 13. Public Goods Network - $95k 14. Mode - $31k 15. Lyra - $17k
You can query insights like this using the Rollup Economics Spell on @DuneAnalytics.
Huge thanks to Archwizard @LehmannLorenz for adding Scroll and Linea to the dataset last week! ๐งโโ๏ธโจ
It's been 5 months since I started that Spell. Feels really exciting to see more wizards building it up ๐ฅน
How to become a DeFi frontend engineer (starting from scratch):
Step 0: Learn basic JavaScript and HTML from a free resource of your choice (CodeAcademy, w3schools, freecodecamp .etc)
For JavaScript, if you understand variables, functions, if statements, and while loops then you're fine.
Jun 15, 2023 โข 4 tweets โข 1 min read
Introducing "DefiLlama ChatGPT Plugin๐ฆโจ"
Retrieve data on DeFi protocols and blockchains using plain english!
Here's how to use it ๐
If you have ChatGPT Plus, install the plugin and try it out!
I'd love to see us hit the Trending page on the plugin store ๐
May 18, 2023 โข 4 tweets โข 1 min read
I'm writing a guide to generating Dune queries with GPT.
It's a work in progress. Lots of new lessons in the pipeline, and I'll continuously update to include new Dune features.
If you want to read it, subscribe to 0xTrends Premium ($25/month).
- token has claim on current cash flows so you're earning money from the protocol
- expectation that token will have claim on future cash flows
Apr 3, 2023 โข 14 tweets โข 2 min read
The next crypto data unicorn will be built on vector embeddings
Here is a breakdown of
- What vector embeddings are
- How they supercharge LLMs like GPT4
- How they will help you crush your competition
LLMs are limited to the knowledge in their training data
If asked about something beyond their knowledge, they'll likely generate an incorrect answer.
Mar 24, 2023 โข 4 tweets โข 1 min read
Smart contracts emit "Events" to notify devs when a specific activity has happened
Yesterday, the ๐๐ฎ๐๐๐น๐ฎ๐ถ๐บ๐ฒ๐ฑ event of the Arbitrum airdrop contract was emitted 420k times
It was the 5th most popular event of the day!
๐ฆ๐๐ฎ๐ฝ was the 4th most popular event of the day
Don't know how to code - You'll be able to follow along and build your first crypto data app
Basic programming skills - You'll learn enough to edit the example project into a range of different crypto data apps
Mar 1, 2023 โข 4 tweets โข 1 min read
Done editing my first crypto data app tutorial
Don't know how to code - You'll be able to follow along and build a simple NFT analytics website
Basic programming skills - You'll learn enough to edit the example project into a range of different crypto data apps
The whole thing is in python, including the frontend
It's 30 minutes long
Looking forward to putting it out soon
Don't let it flop guys, I've overinvested in this video ๐๐ญ๐
Feb 28, 2023 โข 4 tweets โข 2 min read
Introducing "Bitcoin Security" ๐ชโจ
A dashboard I'm working on to track the Bitcoin security budget
- Block Rewards and Transaction Fees
- Security Budget as % of Market Cap
- Impact of ordinals on Txn Fees
and more...
Still a WIP. Open to feedback.
Some believe that this one data point could spell the death of Bitcoin.
Here are 4 key insights into what the budget is, what the current stats are and how Bitcoin NFTs might save the day ๐
The security budget is the money paid to miners (block rewards + transaction fees).
When the budget is high, 51% attacks are expensive and vice versa.
The marketplaces are killing their profits, long-term relationships with creators and future growth prospects to compete for ~500 pro traders
Instead of trying to grow the pie of NFT users ๐คฆ
Feb 21, 2023 โข 17 tweets โข 7 min read
There has been an intense battle over royalties in the NFT space
I crunched the data on how much creators have earned from royalties
Here are 3 key insights I found ๐
1/ In 2023
Opensea has paid out 18k ETH in royalties ($31M at today's price)
Blur has paid out 3.7k ETH ($6.1M at today's price)
Feb 9, 2023 โข 5 tweets โข 2 min read
If you work in VC/trading/sales/BD you spend a lot of time researching what new protocols people are using and why
I write two emails a month summarizing the data on early + fast-growing protocols
These emails will save you time
Here is this week's ๐
0xtrends.com/issue-003-nft-โฆ
I'm ok with making this one public because the products I covered are relatively well known ๐คท๐ฝ
Usually, my emails include more unknown projects
If you want to access the archive, and get sent future reports, sign up for my email list here ๐
The most popular crypto mobile apps in Nigeria ๐ณ๐ฌ
Google Play Finance Rankings
#7 - Metamask
#36 - TrustWallet
#46 - Binance
The most popular crypto mobile apps in Ghana ๐ฌ๐ญ
Google Play Finance Rankings
#36 - Binance
#41 - YellowCard
#43 - TrustWallet
Feb 7, 2023 โข 12 tweets โข 4 min read
I crunched the data on @manifoldxyz, one of the most popular no-code tools for creating NFT contracts and NFT drop websites.
Here are 4 key insights I found ๐
1/ Manifold's Claims product makes it easy to create websites for limited edition and open edition NFT drops
๐ฎ๐ฎ๐ฏ๐ NFTs have been sold using the Claims tool for a total of $๐ฏ๐ฎ๐
Feb 7, 2023 โข 4 tweets โข 1 min read
Why did @manifoldxyz gallery/marketplace have crazy high trading volume in Feb 2022? Anyone know?
2022 people. Last year. Not talking about the current OE craze lol ๐
Feb 3, 2023 โข 9 tweets โข 3 min read
In crypto, attention = power
Here are 5 tips on leveraging the media to get attention for your project from @eking0x (managing editor of @DLNewsInfo) ๐
We covered these tactics on this week's @DefiLlama X DLNews Twitter space
To learn more about the inner workings of the crypto media industry and how you can benefit from it, listen to the full recording ๐ twitter.com/i/spaces/1ypJdโฆ