Founder @ The DeFi Report | Industry-leading research, market insights and onchain data: https://t.co/xa8A2CcHq8
The Signal Podcast: https://t.co/zKz8yH5y3r
Jul 25 • 8 tweets • 4 min read
1/8 A quick 🧵on stablecoin activity on @ethereum & L2s
Starting with all-time transfer volume:
@circle the clear leader with over $10t of all-time volume on the L1. USDC volume was up 14% on the qtr and 37% on the year.
USDT saw zero growth in Q2 and was up 37% on the year.
DAI was the big winner in Q2 in terms of volume -- with 39% market share and $843b of value transferred.
Data: @artemis__xyz2/8 Shifting to volume on L2s:
@circle dominating all time volume on L2s as well with 3.8x the volume of USDT.
USDC volumes were up 41% in Q1 and 127% on the year.
USDT saw 12% growth in Q2 and 74% for the year at the L2 level.
*DAI volume was down 30% on the qtr and 25% on the year on L2s.
Data: @artemis__xyz
Jul 17 • 16 tweets • 5 min read
Every quarter I spend a few days combing through onchain data to compile Ethereum's financial performance so that you don't have to.
A 🧵on the L2 sector performance in Q2:
Active users: L2s now have 6x that of the L1 (up from 3x last qtr)
Data: @tokenterminal
Active addresses/users on L2 only:
@arbitrum averaging more than Ethereum now.
@base in the number 2 spot.
Data: @tokenterminal
Apr 18 • 12 tweets • 4 min read
Every qtr I spend a week writing The Ethereum Investment Framework while combing through hundreds of KPIs throughout the Ethereum Ecosystem.
10 insights from the Q1 update which was published yesterday.
Shout out to @artemis__xyz for supplying the data.
A 🧵
Newer blockchains may be stealing some mind share from Ethereum, but in terms of where the value still sits, the King still rules:
- 5x higher TVL than the second-largest L1
- 10x higher TVL than #3