Coinstack

Only 1% of total fees on Ethereum can be attributed to L2 security fees.

GMX.io (a Decentralised Perpetual Exchange) is now one of the top entities on Arbitrum by users & transactions

The weekly Coinstack newsletter is out... https://coinstack.substack.com/p/the-great-shakeout

The Filecoin network experienced a 264% growth in protocol revenue QoQ. It was the first positive quarter in protocol revenue growth in five quarters. However, it’s still a whopping 74% lower on a year-over-year basis.

Ethereum number of addresses holding 1+ ETH just hit an ATH of 1,544,153

On Tuesday, Coinstack is hosting a special webinar on "Web3 Social Networks & The Metaverse" Details Here: https://coinstack.substack.com/p/webinar-web3-social-networks-and Register Free Here: https://www.peer.inc/webinar The webinar is tailored to crypto VCs and investors with an interest in web3 and the next generation of the internet.

In Q2’22, Web3 infrastructure protocols generated $5.7 million in revenue. Excluding Filecoin, the remaining Web3 infrastructure protocols cumulatively generated $470,000 in revenue over the last quarter, which is a 10% decline compared to Q1’22.

🎧 New Podcast Episode: This Week in Crypto: (Updates on 3AC, Voyager, BlockFi, and Vauld) https://anchor.fm/coinstack/episodes/This-Week-in-Crypto-Updates-on-3AC--Voyager--BlockFi--and-Vauld-e1kuitb

McKinsey found that >15% of corporate revenue is expected to come from the metaverse in the next 5 years according to 25% of senior executives.

A guide to the metaverse from McKinsey https://www.mckinsey.com/business-functions/growth-marketing-and-sales/our-insights/value-creation-in-the-metaverse We will be hosting a webinar on web3 social networks and the metaverse this Tuesday at 12pm PT / 3pm ET… register here free: peer.inc/webinar

The weekly Coinstack newsletter is out... https://coinstack.substack.com/p/peer-metaverse-coin-deep-dive A deep dive into the Peer Metaverse Coin (PMC), the native token for a web3 social network and L1 and the top news, stats, and reports with updates on 3AC, Voyager, BlockFi, and Vauld

Optimism averaging ~$10k in total tx fees in the past few days showing continued user growth.

The US affiliate of the largest crypto exchange Binance has processed a record number of over 230K trades in early July, exceeding its previous all-time high reached during the May 2021 selloff. The increase comes after the exchange introduced zero-fee trading for Bitcoin on June 22nd.

Compound Governance surpasses 100 proposals Cumulative individual addresses interacting with Compound have grown 59% from ~11k to ~17.5k, continuing trends since July 2021.

Solana potentially offering a 0% take rate decentralized app store is a considerable business advantage that should incentivize the best developers to, at the very least, give the SMS (Solana Mobile Stack) a try.

STEPN's new DEX is the biggest DEX on Solana.

Grayscale has sued the SEC after its application to convert its GBTC trust into a Bitcoin ETF was denied today. https://www.globenewswire.com/news-release/2022/06/30/2471737/0/en/Grayscale-Investments-Initiates-Lawsuit-Against-the-SEC.html

The current state of CeFi lenders post liwuidation fallout

Our weekly Coinstack newsletter is out… https://coinstack.substack.com/p/containing-contagion

Accumulation continues with Ethereum number of addresses holding 100+ ETH hitting a 14-month high of 44,385.