244869
Leon Waidmann | Onchain Insights
@leon-waidmann #244869
Head of Research @onchainhq
๐ | Get Insights into the most important Onchain Trends | Uncover future-shaping Developments.๐
https://linktr.ee/LeonWaidmann
534 Follower 49 Following
ETH L2 TVL just hit an ALL-TIME HIGH of ฮ14.57M!๐
The infrastructure layer is ready.
We are now entering the phase where we take Web3 applications mainstream!
Crypto Consumer Apps are coming!๐๐ฅ
The infrastructure layer is ready.
We are now entering the phase where we take Web3 applications mainstream!
Crypto Consumer Apps are coming!๐๐ฅ
The dominance of Base in the Ethereum L2 Ecosystem is reaching higher and higher levels!
Almost 60% of all transactions on L2s are now happening on Coinbase's ETH L2. ๐คฏ
Almost 60% of all transactions on L2s are now happening on Coinbase's ETH L2. ๐คฏ
Ready for takeoff!๐
USDT on exchanges has surged 146%, hitting $22.7B - a new all-time high!
Historically, this signals strong buying power for Bitcoin and the rest of Crypto market.
USDT on exchanges has surged 146%, hitting $22.7B - a new all-time high!
Historically, this signals strong buying power for Bitcoin and the rest of Crypto market.
Optimism Superchain ecosystem is showcasing tremendous growth! ๐
Base, Optimism, & Co. now dominate over 70% of all transactions in the Ethereum Layer 2 ecosystem.๐คฏ
Base, Optimism, & Co. now dominate over 70% of all transactions in the Ethereum Layer 2 ecosystem.๐คฏ
๐ @base is rapidly closing in on Arbitrum as the top Ethereum L2 by TVL!
๐ฅArbitrum: $2.351B
๐ฅBase: $2.285B
๐ฅPolygon: $933.94M
4. Optimism: $653.74M
Baseโs surge in just over a year is incredible.
Soon the Coinbase ETH L2 will be number 1.
๐ฅArbitrum: $2.351B
๐ฅBase: $2.285B
๐ฅPolygon: $933.94M
4. Optimism: $653.74M
Baseโs surge in just over a year is incredible.
Soon the Coinbase ETH L2 will be number 1.
Decentralized Social Media (DeSoc) rising!๐
๐ Ethereum Layer 2 Scaling: Base Achieves New All-Time Highs ๐
Base, currently one of the most popular Layer 2 networks, is experiencing a significant surge in adoption. Recent metrics show remarkable growth:
1.74M ๐ข active addressesโan all-time high.
5.52M ๐ข daily transactions, continuing an upward trend.
11.96 Mgas/s ๐ข throughput, a new peak in network capacity.
Base, currently one of the most popular Layer 2 networks, is experiencing a significant surge in adoption. Recent metrics show remarkable growth:
1.74M ๐ข active addressesโan all-time high.
5.52M ๐ข daily transactions, continuing an upward trend.
11.96 Mgas/s ๐ข throughput, a new peak in network capacity.
๐จ Ethereum L2s vs. Solana ๐จ
โก๏ธ The battle between Ethereum L2s and alternative L1s like Solana is heating up! ๐ฅ
Thanks to the Dencun upgrade, some ETH L2s have been cheaper than Solana over the past 90 days! ๐ฎ
1๏ธโฃ Polygon: $0.00622 per tx ๐
2๏ธโฃ Arbitrum: $0.0153 per tx ๐
3๏ธโฃ Solana: $0.0187 per tx ๐ธ
Ethereumโs scaling solutions are leveling up, and competition is getting fierce for alternative L1s! ๐ฅ
โก๏ธ The battle between Ethereum L2s and alternative L1s like Solana is heating up! ๐ฅ
Thanks to the Dencun upgrade, some ETH L2s have been cheaper than Solana over the past 90 days! ๐ฎ
1๏ธโฃ Polygon: $0.00622 per tx ๐
2๏ธโฃ Arbitrum: $0.0153 per tx ๐
3๏ธโฃ Solana: $0.0187 per tx ๐ธ
Ethereumโs scaling solutions are leveling up, and competition is getting fierce for alternative L1s! ๐ฅ
Mindshare for Memecoins now at a yearly high!
Be careful and take some profits๐
Be careful and take some profits๐
๐ The Ethereum Spot ETF is still seeing more outflows than inflows.
On October 1st, there was a net outflow of -$48.6M, with ETH price hovering at $2,601.
Despite initial hype, significant inflows remain elusive.
For now.
On October 1st, there was a net outflow of -$48.6M, with ETH price hovering at $2,601.
Despite initial hype, significant inflows remain elusive.
For now.
๐จEthereum Mainchain is seeing major outflows, but most funds are staying within its ecosystem, flowing into ETH L2s!
Top 5 money flows within the last 365 days:
๐ฅ Arbitrum: $13.01B (35.0%)
๐ฅ zkSync: $3.91B (10.5%)
๐ฅ Base: $3.56B (9.6%)
4๏ธโฃStarknet: $3.55B (9.6%)
5๏ธโฃ Sui: $2.43B (6.5%)
๐Most of the funds are flowing into L2s, with Sui leading as the top non-Ethereum ecosystem.
Top 5 money flows within the last 365 days:
๐ฅ Arbitrum: $13.01B (35.0%)
๐ฅ zkSync: $3.91B (10.5%)
๐ฅ Base: $3.56B (9.6%)
4๏ธโฃStarknet: $3.55B (9.6%)
5๏ธโฃ Sui: $2.43B (6.5%)
๐Most of the funds are flowing into L2s, with Sui leading as the top non-Ethereum ecosystem.
๐There are still fewer Ethereum on centralized exchanges than Bitcoin!
๐ ETH: 10.31%
๐ BTC: 15.04%
However, ETH exchange balances have been ticking up recently โ potentially a bearish signal.
๐ ETH: 10.31%
๐ BTC: 15.04%
However, ETH exchange balances have been ticking up recently โ potentially a bearish signal.
As I said before, China hasn't even started to seriously stimulate its economy yet, and markets are already flying. Expect much more stimulus to come in the coming months โ which could be highly bullish for crypto.
How early is it for Bitcoin & Ethereum? ๐
The Hong Kong equity market got a whiff of potential Chinese government stimulus and surged 20%, adding about $5 trillion in value in just 10 days.
Thatโs 2x the value of the entire digital asset ecosystem, built over the past 14 years. ๐๐น
How early is it for Bitcoin & Ethereum? ๐
The Hong Kong equity market got a whiff of potential Chinese government stimulus and surged 20%, adding about $5 trillion in value in just 10 days.
Thatโs 2x the value of the entire digital asset ecosystem, built over the past 14 years. ๐๐น
Wormhole, one of the most important blockchain bridge, has seen major fund flows this year, linking Ethereum, Solana, Sui, and more.
๐ธ Hereโs where the money is moving:๐
โก๏ธ Ethereum remains the main pivot point with $4.5B (43.45%), anchoring the ecosystem but seeing capital shift elsewhere.
โก๏ธ Sui stands out with $2.4B (53.14% inflows), leading in new liquidity and becoming a rising star.
โก๏ธ Solana follows closely with $1.6B (35.18%), holding strong as a key player.
๐ธ Hereโs where the money is moving:๐
โก๏ธ Ethereum remains the main pivot point with $4.5B (43.45%), anchoring the ecosystem but seeing capital shift elsewhere.
โก๏ธ Sui stands out with $2.4B (53.14% inflows), leading in new liquidity and becoming a rising star.
โก๏ธ Solana follows closely with $1.6B (35.18%), holding strong as a key player.
Itโs remarkable how massive Ethereumโs TVL dominance remains over major L1s.
๐ฅ Ethereum: $48.7B
๐ฅ Solana: $5.4B
๐ฅ Sui: $984M
ETH still leads the pack by a wide margin, despite the growth of newer L1s and massive outflows to L2s.๐
๐ฅ Ethereum: $48.7B
๐ฅ Solana: $5.4B
๐ฅ Sui: $984M
ETH still leads the pack by a wide margin, despite the growth of newer L1s and massive outflows to L2s.๐
Crypto AI is still in its early stages and could be years from reaching its peak.
Some key facts:
1๏ธโฃ Crypto AI tokens make up just 3% of the altcoin market cap.
2๏ธโฃ Many top-tier Crypto AI projects havenโt launched products yet.
3๏ธโฃ Major catalysts ahead, including regulatory shifts and potential OpenAI IPO in 2025.
Some key facts:
1๏ธโฃ Crypto AI tokens make up just 3% of the altcoin market cap.
2๏ธโฃ Many top-tier Crypto AI projects havenโt launched products yet.
3๏ธโฃ Major catalysts ahead, including regulatory shifts and potential OpenAI IPO in 2025.
Stablecoins are the "M2" of crypto โ liquidity waiting to flood the market.
They can be seen as an indicator of buying power ready to be deployed into digital assets.
With just $1.76B left to surpass the $162.95B all-time high, the next wave of liquidity inflows (6-12 months) will drive explosive growth.
They can be seen as an indicator of buying power ready to be deployed into digital assets.
With just $1.76B left to surpass the $162.95B all-time high, the next wave of liquidity inflows (6-12 months) will drive explosive growth.
Your daily reminder.๐
Another All-Time High for #Ethereum L2s!
The stablecoin market cap just crossed the $10.16 Billion US DOLLAR MARK.๐๐ฅ
Another All-Time High for #Ethereum L2s!
The stablecoin market cap just crossed the $10.16 Billion US DOLLAR MARK.๐๐ฅ
Ethereum is outperforming Bitcoin in terms of ETF outflows over time โ ETH (green) now lower than GBTC (blue) in the same number of days โ extremly bullish! ๐
If this holds, much more upside for ETH ahead! ๐
If this holds, much more upside for ETH ahead! ๐
Ethereum remains the undisputed leader in high-end NFTs, securing 97% of top sales!
In the last 30 days, ETH made up 42% of the $300M volume across blockchains, with 29 of the top 30 sales, including 3 CryptoPunks sold for over $1M.
In the last 30 days, ETH made up 42% of the $300M volume across blockchains, with 29 of the top 30 sales, including 3 CryptoPunks sold for over $1M.
Chinaโs๐จ๐ณ stimulus is hefty but insufficient for now.
Much more to come!๐ธ
Bullish for Bitcoin & the rest of the Crypto market.
Much more to come!๐ธ
Bullish for Bitcoin & the rest of the Crypto market.
Over 40% of #Ethereum supply remains locked in smart contracts, but recent data from @glassnode shows a slight decline in this trend. ๐
Wow!
Farcasterโค๏ธ
Farcasterโค๏ธ
1/ ๐งต๐ A $101B market by 2033?
As social media platforms like X face bans and concerns about privacy, censorship, and data breaches grow, decentralized social media alternatives like Lens Protocol and Farcaster are on the rise. ๐
Letโs dive into Onchainโs latest article!๐
2/ Decentralized platforms offer a new model where users own their data, benefit directly from content monetization through tokens and NFTs, and participate in decentralized governance. Itโs a shift from centralized control to true user empowerment. ๐
3/ While challenges like scalability and adoption remain, the potential is undeniable. With a projected $101B market by 2033, decentralized social networks are set to transform how we connect online. ๐
https://onchain.org/magazine/decentralized-social-media-is-desoc-ready-for-prime-time/
As social media platforms like X face bans and concerns about privacy, censorship, and data breaches grow, decentralized social media alternatives like Lens Protocol and Farcaster are on the rise. ๐
Letโs dive into Onchainโs latest article!๐
2/ Decentralized platforms offer a new model where users own their data, benefit directly from content monetization through tokens and NFTs, and participate in decentralized governance. Itโs a shift from centralized control to true user empowerment. ๐
3/ While challenges like scalability and adoption remain, the potential is undeniable. With a projected $101B market by 2033, decentralized social networks are set to transform how we connect online. ๐
https://onchain.org/magazine/decentralized-social-media-is-desoc-ready-for-prime-time/
๐ Ethereum Layer 2 adoption is unstoppable!
Weโve hit an all-time high with 14.65M ETH locked! ๐ฅ
Whatโs key?
The value in #Ether, not just USD, keeps climbing daily.
ETHโs monetary value is soaring across a rapidly expanding ecosystem! ๐
Weโve hit an all-time high with 14.65M ETH locked! ๐ฅ
Whatโs key?
The value in #Ether, not just USD, keeps climbing daily.
ETHโs monetary value is soaring across a rapidly expanding ecosystem! ๐