1. 2.5m DAILY active wallets across web3. flat wallet count= flat GDP. More active users are needed to boost GDP of crypto sector. (Ponzi?)
2. Binance, Solona, Polygon, and Ethereum wallets represent over 80% of activity.
3, CEX's manage 100m active wallets
4. Trading volume down 60% due to asset price drop; average DEX transaction went from 8k to 1.4k. NFT buyers outnumber DEX traders by 35:1 over the last 6 months, but the liquidity volume traded is about even. this shows that whales could be considered the typical 1 DEX user to 35 regular NFT purchasers.
5.NFT volume down 97% from its top.
6.40% of NFT buyers use SOL, although SOL NFTS are on average 10% the price of ETH, so ETH still controls total volume.
7. L2s are accounting for 30-40% of transactions on Ethereum but consume only 2% of total gas.
8. About $250mil flow into L2s every month. That might be something to look at.
9.Flashbot searches have made markets more efficient, making transactions cheaper for users, simultaneously cutting miner revenue, or the MEV, miner extracted value.
10. Devs put out about 300,000 smart contracts on Ethereum a month.
11.On Average 5,000 devs putting up code to web3 per week, which is down 20% from the beginning of 2022.
12. Investment gains are increasingly correlated to companies' revenue, showing a maturation on how to assess value in a cryptocurrency investment, a long way from FOMO and FUD.
Just a quick data update. Make sure to Follow me!
