Coinstack

Messari recently analyzed the portfolios of the top 44 crypto hedge funds and found that Polkadot (DOT) was the most held crypto asset, followed by Terra, Near, Oasis, and Solana.

Quarterly DEX (Decentralized Exchange) trading volume reached $404B in Q2 2021, up by 83% from the prior quarter with Uniswap, PancakeSwap, and Sushi leading the way. DEX trading volume is up an incredible 11,751% year over year (not a typo).

NEW COINSTACK PODCAST EPISODE: 🎧🎧 The Decade of Defi: What You Need to Know https://anchor.fm/coinstack/episodes/The-Decade-of-DeFi-What-You-Need-to-Know-Uniswap--Maker--Aave--Compound--and-Sushi--Institutional-DeFi-e14gjjo

Here is the weekly Coinstack newsletter... 👀 https://coinstack.substack.com/p/the-decade-of-defi-is-here-what-you

EARLY EDITION: Here is the early edition of this week's Coinstack newsletter as a Google Doc -- just for our telegram subscribers. https://docs.google.com/document/d/1B8MPc6cOC0waKyfz3JsYWcYS7NRzR3t_vQA77Z5xy0A/edit# In this issue: 1. DeFi Is Eating All of Traditional Finance - The 2020s: All of Finance Being Rebuilt On Smart Contracts - The Huge Promise of DeFi - DeFi is Already Winning in Payments, Lending, & Exchanges - The FAANG vs. UMACS Trade (Uniswap, Maker, Aave, Compound, Sushi) - Institutional DeFi Is Now Here via Compound Treasury and Aave Pro 2. Token Terminal Launches The PE Ratio (Axie & QuickSwap Winning) 3. Ethereum Is Winning the Smart Contract Wars: The Latest Data 4. How to Avoiding Crypto Scams by Masha Prusso 5. Coinstack Podcast Episodes 6. A Good Long-Term Crypto Portfolio 7. Tuesday Crypto Community Calls 8. Join Our Telegram Group 9. Who We’re Following Closely on Crypto Twitter 10. How to Get Started in Crypto Learning

Token terminal launched PE ratios this week... here are the current best value investments based on their price to earnings ratios... You can see the live data at: https://www.tokenterminal.com/terminal/metrics/pe Protocol revenue is revenue that flows to token holders either directly via cash flows to holders or indirectly via using the profit to buyback and burn token supply.

Today I am writing this week’s Coinstack issue. What topics would you like me to write about this week?

I am now back in the USA for the next 2-3 months... For those in the USA, here’s an invitation to join me in person next weekend for a 4 day summer camp for entrepreneurs and leaders at the 145 acre Everland Retreat Center near Denver, Colorado. http://bit.ly/summercampinvitation It’s a group of 30 heart-centered entrepreneurs and leaders (and some crypto enthusiasts too) glamping together for 4 days at a beautiful retreat center. Send me a Telegram if you have any ?s. 👍💛

Institutional DeFi is here... https://cryptobriefing.com/aave-to-launch-institutional-markets-this-month/

New Podcast for Tuesday July 6: Is The Bull Market Coming Back? We Think So. Anchor: https://anchor.fm/coinstack/episodes/Is-the-Crypto-Bull-Market-Coming-Back--We-Think-So-e140k99 Spotify: https://open.spotify.com/episode/5Hyg2y9DrAanRS19Q2sM2n?si=2cvNFRiYT46rgCY27kyDaQ&dl_branch=1 Episode Description In this episode host Ryan Allis reads and comments on three recent posts from well-known crypto analysts Willy Woo, Lark Davis, and Ryan Selkis. Together, they lay out a clear, cogent, and very bullish case on prospects for Bitcoin, Ethereum, DeFi, and crypto markets in both the 2nd Half of 2021 and throughout the 2020s

The Institutionalization of DeFi with Jeremy Allaire of Circle and USDC... fantastic episode of The Breakdown today... Talking about how to get trillions of new corporate and institutional capital into a KYC’d FATF approved version of DeFi https://podcasts.apple.com/us/podcast/the-breakdown/id1438693620#episodeGuid=4ee56a6b-a943-41d2-be0f-55f3aa5b6f15 🎧🎧

Here’s a great write up about The Investment Case for Enzyme (MLN) by Hartmann Capital. https://www.hartmann-capital.com/content/enzyme-mln-memo-activist-investment-1 Enzyme is the non-custodial platform upon which we manage the Coinstack Alpha Fund. It’s token MLN just listed on Binance.

NEW EPISODE: Here is our new Coinstack podcast from today: Double Peak Theory & Our Dec 2021 Bitcoin & Ethereum Forecast https://anchor.fm/coinstack/episodes/Double-Peak-Theory--Our-Dec-2021-Bitcoin--Ethereum-Forecast-e13val6 Queue it up to listen today... 🎧🎧🎧

Best Coinstack issue yet... Introducing Double Peak Theory https://coinstack.substack.com/p/double-peak-theory-nows-the-time #bullish

Here's the EARLY EDITION of the weekly Coinstack newsletter as a Google Doc only for our Telegram Channel subscribers... https://docs.google.com/document/d/1rfydBR9S1V3QaxyOxaMKyqQ5DmBZmWXPYlLLbLKhhAE/edit#heading=h.iklxxfv33mw3 Inside This Week's Issue: 1. Double Peak Theory - Now’s the Time To Invest - The Double Bitcoin Peaks of 2013 and 2021 - What’s Next for Bitcoin? - The Double Ethereum Peak of 2017 and 2021 - What Our Analysis is Based On - Now’s the Time to Allocate Capital to Crypto 2. Coinstack Alpha Fund up 30% From Bottom 3. Everyone I Follow Is Bullish Right Now - Willy Woo is Bullish - Lark Davis is Bullish - Ryan Selkis is Bullish - A Bullish Echo-Chamber? 4. The Bitcoin Mining Council Reports 56% Sustainable Energy 5. Coinstack Podcast Episodes 6. A Good Long-Term Crypto Portfolio 7. Tuesday Crypto Community Calls 8. Join Our Telegram Group 9. Who We’re Following Closely on Crypto Twitter 10. How to Get Started in Crypto Learning

This Bitcoin Net Entities Growth from Glassnode shows that we are almost certainly NOT in a bear market -- but rather are in a phase of consolidation and getting ready for another run later this year.

Here is our latest Bitcoin Forecast for the rest of 2021, comparing the current Bitcoin cycle to its first cycle in 2013... We are expecting a "Double Peak" in 2021, reaching new ATHs by October and peaking around Dec 2021-Feb 2022.

Here is our Ethereum Forecast for the rest of 2021. You can see how this cycle is quite similar so far to the 2017 ETH cycle. We expect ETH will 3x from current levels and reach at least $7k by the end of 2021.