Michael Nadeau Profile picture
Founder @ The DeFi Report | ā›³ šŸŒŠ šŸƒ Business model & tech stack analysis: https://t.co/xa8A2CcHq8 The Signal Podcast: https://t.co/zKz8yH5y3r
Apr 18 ā€¢ 12 tweets ā€¢ 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 šŸ§µ 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 Image