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Over $6 billion has been bridged from Ethereum L1 to Base L2.
Some see a nice trendline, others see billions of idle assets that should be put to more productive use.
Some see a nice trendline, others see billions of idle assets that should be put to more productive use.
Aave currently applies a 20% take rate on fees (interest paid by borrowers).
In November, borrowers on Aave paid $50m in interest --> $10m to the Aave DAO (revenue) and $40m to the lenders.
In November, borrowers on Aave paid $50m in interest --> $10m to the Aave DAO (revenue) and $40m to the lenders.
want to make one thing clear for all who have followed this "debate" on the TL
all interactions we've had with @buffalu__ and the Jito team have been 💯 & we're excited to show more Jito data on TT
they're building a rocketship & with that comes public scrutiny (= who earns what, when, and how?)
the TT feed is full of similar tweets re Base, Uniswap, Aave, Ethereum, etc.
let's not let a tiny bit of accounting ruin the collective BUIDL momentum!
onwards & upwards! 😁🫡
all interactions we've had with @buffalu__ and the Jito team have been 💯 & we're excited to show more Jito data on TT
they're building a rocketship & with that comes public scrutiny (= who earns what, when, and how?)
the TT feed is full of similar tweets re Base, Uniswap, Aave, Ethereum, etc.
let's not let a tiny bit of accounting ruin the collective BUIDL momentum!
onwards & upwards! 😁🫡
⏹️@eigenlayer builds products that enable Ethereum L1 validators to earn more revenue.
Is EIGEN = ETH?
No, not on Token Terminal.
Maybe on some other data platform.
EigenLayer is a separate business with its own PnL.
Is EIGEN = ETH?
No, not on Token Terminal.
Maybe on some other data platform.
EigenLayer is a separate business with its own PnL.
🦋 @gauntlet_xyz has built products that allow LPs on Morpho to earn more revenue.
Is Gauntlet = Morpho?
No.
Gauntlet is a separate business with its own PnL.
Is Gauntlet = Morpho?
No.
Gauntlet is a separate business with its own PnL.
Ethereum L2s
1) try to expand the revenue potential of the Ethereum L1 by enabling new uses cases & demand
2) try to build $ sustainable businesses that charge users more over time (replace VC funding w/ revenue)
thing is, you can say the same about MOST adjacent businesses
1) try to expand the revenue potential of the Ethereum L1 by enabling new uses cases & demand
2) try to build $ sustainable businesses that charge users more over time (replace VC funding w/ revenue)
thing is, you can say the same about MOST adjacent businesses
fwiw
we focus on each protocol as a *business*
tt: "you're building a lending protocol?"
team: "yeah, we're on 5 L1s (all technically a bit different), we're most aligned w/ XYZ, & we also have our own L2 + some offchain components"
tt: "got it, still a lending marketplace"
we focus on each protocol as a *business*
tt: "you're building a lending protocol?"
team: "yeah, we're on 5 L1s (all technically a bit different), we're most aligned w/ XYZ, & we also have our own L2 + some offchain components"
tt: "got it, still a lending marketplace"
I either get fired or promoted tomorrow, no in-between
if a marketplace business
1) changes its take rate (e.g. from 20% to 80%)
and you, as a data platform, have to
2) change your metric methodologies to accommodate for that
you're doing something wrong
1) changes its take rate (e.g. from 20% to 80%)
and you, as a data platform, have to
2) change your metric methodologies to accommodate for that
you're doing something wrong
Take rates change over time, but that shouldn't affect the metric methodologies.
A year ago, Arbitrum (ARB) passed on ~80% of its fee revenue to the Ethereum L1, today Arbitrum (ARB) captures ~80% of the fee revenue.
Have we changed anything on our side as a result?
No.
A year ago, Arbitrum (ARB) passed on ~80% of its fee revenue to the Ethereum L1, today Arbitrum (ARB) captures ~80% of the fee revenue.
Have we changed anything on our side as a result?
No.
🚨📊 How to create an @eulerfinance dashboard in 15 seconds using Token Terminal Studio.
1) Create custom charts & data tables
2) Compile them into a dashboard
3) Keep the dashboard private with your team and/or publish it on Token Terminal Discover
1) Create custom charts & data tables
2) Compile them into a dashboard
3) Keep the dashboard private with your team and/or publish it on Token Terminal Discover
☃️🌟
validators ≠ network
validators = service providers to the network
a good clip that explains
1) why we consider fee burns revenue (= accrue to network owners), and
2) why we exclude fees paid to validators (= accrue to 3rd-party companies) from revenue
validators = service providers to the network
a good clip that explains
1) why we consider fee burns revenue (= accrue to network owners), and
2) why we exclude fees paid to validators (= accrue to 3rd-party companies) from revenue
Why does @BlackRock tokenize assets on @ethereum?
For the same reason @realDonaldTrump communicates via @X.
Both money & speech reach the farthest on a global, technically modern, and credibly neutral platform that has network effects.
For the same reason @realDonaldTrump communicates via @X.
Both money & speech reach the farthest on a global, technically modern, and credibly neutral platform that has network effects.
ICYMI: @Aptos (L1) is on track to flip @base (L2) in daily active users.
An active user is defined as a (i) unique address that (ii) engages in a revenue-generating transaction (iii) during the relevant time period.
An active user is defined as a (i) unique address that (ii) engages in a revenue-generating transaction (iii) during the relevant time period.
USDT supply on @ethereum went from $55 to $75 billion in one month.
Note: the data starts from Nov '17.
Note: the data starts from Nov '17.