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📰 New report by @coinbase - Guide to Crypto Markets: Q4 2024
Both Ethereum and its Layer 2s feature positively with some interesting insights and data points - including some from growthepie 🥧📏
Worth Reading: https://www.coinbase.com/en-gb/institutional/research-insights/research/market-intelligence/q4-2024-guide-to-crypto-markets
Both Ethereum and its Layer 2s feature positively with some interesting insights and data points - including some from growthepie 🥧📏
Worth Reading: https://www.coinbase.com/en-gb/institutional/research-insights/research/market-intelligence/q4-2024-guide-to-crypto-markets
📜 New All Time High for @scrollzkp Throughput 2Mgas/s
This chart shows the 7-day rolling average over 1 year for historical context.
Throughput = The total amount of Gas spent per second. More simply the amount of bandwidth that has been used.
This chart shows the 7-day rolling average over 1 year for historical context.
Throughput = The total amount of Gas spent per second. More simply the amount of bandwidth that has been used.
Layer 2s have more value locked in ETH than Stablecoins
ETH $10.92B vs Stablecoins $10.65B
(Unofficial Metrics by growthepie Intern 🤓 - ETH includes ETH derivatives)
ETH $10.92B vs Stablecoins $10.65B
(Unofficial Metrics by growthepie Intern 🤓 - ETH includes ETH derivatives)
📣 Announcement - Introducing the Latest Additions to growthepie
@orderly - is an OP stack Optimium on Ethereum using Celestia for data availability. It has a unified ledger for assets from multiple chains and an orderbook that can be used by apps.
Derive - (formerly @lyra.eth ) is built using the OP Stack specially for Derive protocol - a settlement protocol for spot, perpetuals, and options trading. Using Celestia for data availability.
More info next posts 👇
@orderly - is an OP stack Optimium on Ethereum using Celestia for data availability. It has a unified ledger for assets from multiple chains and an orderbook that can be used by apps.
Derive - (formerly @lyra.eth ) is built using the OP Stack specially for Derive protocol - a settlement protocol for spot, perpetuals, and options trading. Using Celestia for data availability.
More info next posts 👇
🔍 Need to find an address?
🤔 Can't remember the name of that project?
📈 Want to find the most active contracts?
🏷️ Then use our labels page!
🤔 Can't remember the name of that project?
📈 Want to find the most active contracts?
🏷️ Then use our labels page!
Crazy to think that @base is on track to double the Throughput of the whole Layer 2 space by itself in less than a year with these weekly Throughput hikes.
Throughput = The total amount of Gas spent per second. More simply the amount of bandwidth that has been used.
Throughput = The total amount of Gas spent per second. More simply the amount of bandwidth that has been used.
📜 Scroll is launching its token - but what are people doing onchain?
While most Gas is spent on DeFi we have seen an increase in the % of total fees being spent on Utility (such as Contract Deployment and Identity).
See the top 3 Utility contracts in the screenshot and check out our Chains - Scroll page for more!
While most Gas is spent on DeFi we have seen an increase in the % of total fees being spent on Utility (such as Contract Deployment and Identity).
See the top 3 Utility contracts in the screenshot and check out our Chains - Scroll page for more!
🔎 Take a closer look with our improved zoom feature!
💻 Click and drag on Desktop
📱 Pinch to zoom on Mobile / Tablets
💻 Click and drag on Desktop
📱 Pinch to zoom on Mobile / Tablets
📈 When you measure L2 Total Value Locked in ETH - Up Only!
📜 @scrollzkp Have Announced Their Token SCR - https://scroll.io/blog/scr-token
When the token goes live growthepie will be tracking both Market Cap & Fully Diluted Valuation (FDV).
We also track a whole host of other Scroll metrics including - Activity | Value Locked | Economics | Blockspace - https://growthepie.xyz/chains/scroll
When the token goes live growthepie will be tracking both Market Cap & Fully Diluted Valuation (FDV).
We also track a whole host of other Scroll metrics including - Activity | Value Locked | Economics | Blockspace - https://growthepie.xyz/chains/scroll
Seeing spikes in NFT Gas Fees on Arbitrum - Past 30 days
Top Contracts:
@layer3xyz Cubes $17,412
@arbitrum Infinite Rainbows $6,388
Top Contracts:
@layer3xyz Cubes $17,412
@arbitrum Infinite Rainbows $6,388
Blobs are crazy cheap!
There have been spikes but not for a while. With further upgrades to blobs planned it might take a while for L2 Throughput to impact these costs.
If crypto has taught us anything exponential growth can take people by surprise - Time will tell.
There have been spikes but not for a while. With further upgrades to blobs planned it might take a while for L2 Throughput to impact these costs.
If crypto has taught us anything exponential growth can take people by surprise - Time will tell.
General Purpose Layer 2s vs Specialist Layer 2s
Over half the L2s we cover are "General Purpose" (14/21) which account for 97.9% of weekly active addresses!
Will the dominance of General Purpose continue or will we see a Specialist renaissance - which part of the pie will grow faster?
(Or are General Purpose just farmed harder?)
Over half the L2s we cover are "General Purpose" (14/21) which account for 97.9% of weekly active addresses!
Will the dominance of General Purpose continue or will we see a Specialist renaissance - which part of the pie will grow faster?
(Or are General Purpose just farmed harder?)
Ethereum doesn't have problems - Ethereum has improvements waiting to be implemented...
Remember all the FUD on Ethereum Fees - Now Ethereum has multiple fee markets serving numerous audiences.
By having multiple fee markets Ethereum benefits from the innovations of competition rather than just having to make one big bet.
Remember all the FUD on Ethereum Fees - Now Ethereum has multiple fee markets serving numerous audiences.
By having multiple fee markets Ethereum benefits from the innovations of competition rather than just having to make one big bet.
Layer 2s have used 279 GB of Blob Data this year:
⚫️ 253.74 GB Blobs (Ethereum)
⚫️ 25.41 GB Celestia
Demand for Data Availability is only going to increase!
⚫️ 253.74 GB Blobs (Ethereum)
⚫️ 25.41 GB Celestia
Demand for Data Availability is only going to increase!
📣 New Feature Announcement: Onchain Economics - growthepie.xyz/economics
Compare Between Layer 2s in the Chain Breakdown:
- Revenue | Costs (L1 / Blobs) | Profit & Loss | Margin | Blob Data (GB)
Filter by Data Availability Provider and more (see posts below for full breakdown).
Compare Between Layer 2s in the Chain Breakdown:
- Revenue | Costs (L1 / Blobs) | Profit & Loss | Margin | Blob Data (GB)
Filter by Data Availability Provider and more (see posts below for full breakdown).
The Layer 2 DeFi pie is growing
🛠️ Excited to see what the DeFi builders build next!
🛠️ Excited to see what the DeFi builders build next!
Another Week of Rising Multi-Chain Activity – Up 7.25%
Full breakdown :
Full breakdown :
Layer 2s Are Growing So Fast That They Have Normalized All-Time-Highs!
This weekly chart has given us over 10 new ATHs this year!
It’s easy to forget how far we have come!
This weekly chart has given us over 10 new ATHs this year!
It’s easy to forget how far we have come!
🥧 This Week - In the #Ethereum Pie - Layer 2 update:
Op Mainnet Transactions ~2x in the past 90 days
Base begins its weekly Throughput hikes
Starknet eyeing up to be the next L2 with +$100M Stablecoins
L2s continue to increase the adoption rate of Stablecoins in the Ethereum Ecosystem
2 successful Gitcoin rounds – Thanks to all who donated
Base is supporting builders around the world to fix local problems – 100ETH in Prizes
Reminder to all builders to tag their contract addresses
Metis having a new wave of active addresses
Taiko reclaims 3rd place in Transaction Count
Rent Paid to L1 up 400% - past 30 days
Layer 2 Utility rising thanks to Account Abstraction
Muti chain activity is up 12% this week
Base however has seen a fall in Cross-Chain Activity
Reminder we have had low fees for less than a year – Builders are building
Team member Ahoura writes on “Is Ethereum experiencing an existential crisis?”
Op Mainnet Transactions ~2x in the past 90 days
Base begins its weekly Throughput hikes
Starknet eyeing up to be the next L2 with +$100M Stablecoins
L2s continue to increase the adoption rate of Stablecoins in the Ethereum Ecosystem
2 successful Gitcoin rounds – Thanks to all who donated
Base is supporting builders around the world to fix local problems – 100ETH in Prizes
Reminder to all builders to tag their contract addresses
Metis having a new wave of active addresses
Taiko reclaims 3rd place in Transaction Count
Rent Paid to L1 up 400% - past 30 days
Layer 2 Utility rising thanks to Account Abstraction
Muti chain activity is up 12% this week
Base however has seen a fall in Cross-Chain Activity
Reminder we have had low fees for less than a year – Builders are building
Team member Ahoura writes on “Is Ethereum experiencing an existential crisis?”