Detailed Tread for Q3 DeFi Data- Jack Purdy. Total DeFi users going through the roof. 600k unique addresses. Because any one person can have multiple Ethereum addresses, a better estimate for the real number of unique users may be somewhere around the 100k range.

Total Value Locked has absolutely exploded since beginning of 2020. From January to now TVL has gone from <$1B to $11B. A lot of value has come from USDT, ETH, WBTC, and DAI.

Total Debt Outstanding for Maker and Aave has grown a lot also. Maker’s system debt is up 500% over the past few months while Aave is up 1,309% over the past couple months (Not token prices, just debt created from protocol).

Fundraising for DeFi protocols also saw a lot of funding in Q3. Small raises under $1M mark to a $12.2M deal for the Hegic Protocol.

Market Update (Monday 9:30 AM ET)

Percent Change (Rounded) Based on Last Monday Open (9:30 AM ET)

Bitcoin- $11,654 (+3%)

Ether- $380 (+6%)

Gold- $1,906 (-1%)

DJI Average- 28,633 (UNCH)

NYSE Composite Index- 13,218 (UNCH)

NASDAQ Composite Index- 11,732 (UNCH)

S&P500 Index- 3,493 (UNCH)

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New Developments

1. Taproot merged into Bitcoin Core, Github

2. Skynet Announces SkyDB, Unlocking a Fully Decentralized Internet

3. Filecoin Mainnet Now Live, CoinDesk

4. Building The Last Hedge Fund- Introducing Numerai Signals, Richard Craib

5. Announcing The Graph’s GRT Sale and Distribution, The Graph

6. Grayscale’s Ethereum Product $ETHE is a SEC reporting company, SEC Report

7. Stone Ridge Reveals $115 Million Bitcoin Investment AS Part Of Billion-Dollar Spin-Off

8. Largest Digital Asset Firm brought in $1.05B in 3rd Quarter Inflows, Grayscale

9. Coinbase Wallet App integrates native support for Optimism’s L2 VM, Coinbase

Industry Insights

• EIP-1559 Fee Structure, Vitalik Buterin

• Bitcoin’s Mempool “Dark Forest”, Bitmex Research

• Cryptocurrencies and International Cooperation, Steven McKie

• The Block Analytics Dashboard, The Block

• Trump’s Security Hawks Call Distributed Ledgers ‘Critical’ in US-China Tech Arms Race, CoinDesk

• Best Ethereum tooling for on-chain data, Jack Purdy

  Jack Purdy @jpurd17 Crypto data analytics is fragmented - there isn't a ubiquitous "Bloomberg Terminal" yet For anyone looking to do serious research, it can be difficult to find the data you're looking for So here's a mega-thread on the Crypto Analysts Toolkit 🛠️👇

  October 13th 2020

  83 Retweets348 Likes

Dev Talk

1. A more gas-efficient upgradeable proxy by not using storage, Open Zeppelin

2. Filecoin Stats and Costs Resource Page

3. Aztec: zkRollup Layer 2 + Privacy

4. ENS on Layer 2

5. Yearn V2 Contracts

6. Impermanent Loss Explained, Krugman

   아론 | 🦸‍♂️ ΞTHerman | 🍠 Chad | 🐢 $NXM SuperBull @krugman25 All of this AMM talk on Twitter is highlighting just how little people understand about Impermanent Loss. Because of that I really feel it needs to be talk about so we can set the record straight. Here we go 🚀 #DeFi #Ethereum #Trading $ETH

   October 16th 2020

   46 Retweets157 Likes

dApp Activity

-Fund a Web3 enabled Ethereum Desktop Wallet (Metamask Extension)

-Swap assets using Ethereum’s decentralized exchange capabilities (Uniswap)

-Learn how to look up an Ethereum transaction with a Block Explorer (Etherscan)

Tutorial

Developer Activity

Use an Ethereum smart contract to hold funds for a predetermined timeframe:

*Create your own smart contract to lock Ether for a predetermined amount of time.

**Tools: Metamask (Wallet), Remix IDE (Development Environment), Solidity (Smart Contract Language) Ethereum (Blockchain), Etherscan Block Explorer

Tutorial

# set pragma

pragma solidity ^0.5.15;

# contract (Source)

contract Lock {
    // address owner; slot #0
    // address unlockTime; slot #1
    constructor (address owner, uint256 unlockTime) public payable {
        assembly {
            sstore(0x00, owner)
            sstore(0x01, unlockTime)
        }
    }

    /**
    * @dev        Withdraw function once timestamp has passed unlock time
    */
    function () external payable {
        assembly {
            switch gt(timestamp, sload(0x01))
            case 0 { revert(0, 0) }
            case 1 {
                switch call(gas, sload(0x00), balance(address), 0, 0, 0, 0)
                case 0 { revert(0, 0) }
            }
        }
    }
}

Earn Opportunity

Using Kava’s high speed blockchain based on Cosmos technology, users can lock $BNB at app.kava.io to generate dollars in the form of debt. Because BNB depositors are paying interest on the debt they hold, they also receive a payment in KAVA once a week based on how much debt they have. The payments in KAVA outweigh the interest accrued for the debt position. You can learn more about the KAVA incentive program and app here: Mint USDX with your BNB using Cosmostation Wallet