blockchain data you can...

1) trust
2) understand
3) explore
4) act on

🫡

ATOM is up close to 20% in the past 24h

turnaround incoming?

the biggest cryptoasset vs. the most hyped DeFi token

there's no second best

The ticker in '24 has been ETH, not ARB

ETH vs. OP

ETH has been a better investment this year, by a wide margin

where does the value accrue?

digital real estate boom around the corner

📊 Analyst Coverage (You)
▪️ Do the research aka know your domain
▪️ Interview stakeholders (users, builders, investors)
▪️ Present the insights in a well-organized dashboard

👷 Data & Distribution (Token Terminal)
▪️ Run the nodes & build the data pipeline
▪️ Standardize the raw data into comparable metrics
▪️ Make the data easily accessible to analysts & distribute their research to the world

Excited to have @JustDeauIt & The DeFi Report pioneer the Analyst Coverage layer on top of Token Terminal!

Stay tuned for more industry-leading dashboards.

reality vs. what the project's landing page says

as a data biz, we need to consider the former!

Why the "Ticker Problem" is coming Solana:

1. Jito is printing $
2. Competitors will come after Jito's margins
3. Jito & its competitors will increase their take rates
4. To "capture" the success of Solana, investors will have to decide between SOL, JTO & other tickers

name a market sector in crypto where the top 3 projects within that sector do NOT have ~80% market share

Are ~70% of ETH holders economically irrational?!

✍️@eulerfinance is on a growth trajectory, with net deposits up ~5x in November alone.

what are some other examples of token based compensation gone wrong?

Tether on @trondao vs. Lido on Ethereum:

Both invest depositors' assets, but @Tether_to has ~2x the AUM.

a critical look at usage data on @base

1) monthly cohorts grew A LOT after May &
2) user retention went down A LOT after May

= not yet sustainable growth

Ethereum relied heavily on token based compensation up until 2020

2020 = DeFi Summer 🏦☀️

Is @Optimism relying too heavily on token incentives?

Or are they playing to win (in the long-term)?

Right now, incentive spend relative to fees puts OP in the red.

Token based compensation done right

it's called web3 because founders try to build 3 unicorns at the same time: Labs, DAO, memecoin