📊 ICYMI: Weekly fees on @eulerfinance are up ~150x from early September '24.

Fees are defined as total interest paid by borrowers on Euler v2.

🚨📈 SCALING: @ethereum scales through capital.

In one month, @Tether_to issued $20 billion of USDT on Ethereum, which is ~2x the amount of active loans on @aave's Ethereum deployment.

standardized & carefully formatted onchain data is a global, 24/7/365 growth marketing engine 🔄📈

as an example:

here are 50 charts that show how @base performs as a (i) business, and as an (ii) application platform 🧵👇

ICYMI: @base has contributed ~$10m to the @Optimism Collective over the course of '24.

At the current rate, Base might become the biggest taxpayer in the Superchain in '25.

BREAKING: USDT on Ethereum overtook USDT on TRON.

The USDT supply on @ethereum grew by ~$20 billion in the last month.

ICYMI: Onchain leverage is 1-2 days away from all-time highs.

Ethereum L2s with the most L1 assets

Power law at play here as well

ICYMI: Users on @base have deposited $4 billion into applications on Base.

That figure was ~$300 million at the beginning of the year.

A good proxy for ecosystem growth. 🫡📊

ICYMI: Active loans on @eulerfinance are up ~40x in the past 90 days.

At the same time, the monthly active users have increased by ~5x.

📊✅ BMX enters into a Data Partnership with Token Terminal

▪️ @MorphexBMX is one of the fastest growing derivative exchange projects on @base, with a deployment also on @modenetwork.

▪️ The project has been entirely self-funded, with its core contributors bringing several years of experience from building onchain protocols.

▪️ Now, with ~$1 billion in all-time notional trading volume, BMX recognized the need for reliable, continuous, and data-driven stakeholder reporting.

Make $ATOM Great Again?

Is the OG @eigenlayer making a comeback w/ @SkipProtocol at the helm?

Protocols with the biggest 7d uptick (%) in fully diluted market cap:

what would USD market cap be if US annual tax revenues were $5 billion instead?

most likely not $20 trillion

👥✍️ fastest way to get an analyst role at TT:

create a custom dashboard using our Studio product & share it with us

a good dashboard has...

1. a clear story
2. insightful charts and/or data tables
3. consistent formatting

the better the dashboard, the higher the comp

Protocols with the most daily active users:

🥇 @solana
🥈 @base
🥉 @trondao
4⃣ @Uniswap
5⃣ @Ronin_Network

An active user is defined as a (i) unique address that (ii) engages in a revenue-generating transaction (iii) during the relevant time period.

ICYMI: Onchain usage activity on @Aptos has been on the rise since Jan '24.

An active user is defined as a (i) unique address that (ii) engages in a revenue-generating transaction (iii) during the relevant time period.

discuss

many similarities between

1) facebook <> instagram
2) stripe <> @Stablecoin

M&A deals

1) ~$1B deal value, or ~1-2% of acquirer's market cap
2) pre-IPO acquirer
3) target scaling up on a new platform
4) target's team size below 50
5) what else?

Top L1s based on 90d fees

Power laws are present 🏋️⚖️

L2s that made the most fees in the past 90d:

1. @base
2. @Optimism
3. @arbitrum
4. @Immutable
5. @blast
6. @zksync
7. @Starknet
8. @MantaNetwork