Coinstack

Despite the recent market sell-off, on-chain analysis shows that we are still in a bull market given the current rate of illiquid supply. When Illiquid supply rises, more BTC is being stored in personal wallets, and less BTC is being held on exchanges, reducing the total available supply that can be purchased at any given time.

Open interest to market cap ratio of ETH remains higher than BTC The higher OI/Mcap ratio of ETH could indicate a higher demand for hedging or actively trading ETH, which might be caused by ETH holders having their funds locked in ETH 2.0 staking or other DeFi related projects.

OpenSea posted a new record for daily volume on Jan. 9 according to Dune Analytics, with $261M worth of NFTs changing hands.

Chainlink rallies 26% this week amid a price drop in the cryptomarkets over the weekend. Coingecko’s Top 100 DeFi coins showing Chainlink to be the most traded DeFi token in the market.

Cosmos, Solana, and Polkadot developer communities are quickly catching up on Ethereum making them the strongest competitors to the current L1 king.

Goldman Sachs 2021 return scorecard for benchmark and thematic equity baskets. BTC on top of overall capital markets again in 2021. LargeCaps put in even stronger performances but overall this shows TradeFi acknowledging crypto as an asset that is too large to ignore.

OpenSea did $16B in trading volume (accounting for sales on both Ethereum and Polygon). This is a 660x increase from OpenSea’s 2020 volume of $24M.

Ethereum Monthly Active Developers is up 42% since Jan 2021.

Next Thursday, January 13th we are hosting a special webinar called Crypto Investing for Institutions, covering: - Our thoughts on allocating institutional capital into digital assets in 2022 - The difference between investing in crypto token funds and crypto yield funds - How market-neutral crypto yield funds are able to earn 15-20% net annual returns in DeFi, providing an alternative to corporate bonds and fixed income You can register for free at heartrithm.com/webinar The webinar is tailored to family offices, wealth managers, financial advisors, fund of funds, pension funds, sovereign wealth funds, RIAs, and large capital allocators who’d like to learn more about our thoughts on investing in digital assets. The webinar is hosted by Ryan Allis, Publisher of Coinstack, and Managing Partner at HeartRIthm

Over 1.2k full time developers joined the crypto space since last year!

Fantom surpassed Avalanche in daily transactions at the start of 2022 coming from new projects launching on Fantom.

🎧 New Podcast Episode: 2022 Predictions for Crypto https://anchor.fm/coinstack/episodes/2022-Predictions-for-Crypto-e1cjkue

🎧 New Podcast Episode: This Week in Crypto: (Thailand Reschedules CBDC Pilot, ProShares Files for Metaverse ETF, Mexico Confirms CBDC for 2024) https://anchor.fm/coinstack/episodes/This-Week-in-Crypto-Thailand-Reschedules-CBDC-Pilot--ProShares-Files-for-Metaverse-ETF--Mexico-Confirms-CBDC-for-2024-e1cjk3p

The Electric Capital Crypto Developer Report is a great read with lots of alpha in it and beautiful charts... https://www.slideshare.net/MariaXinheShen/developer-report-2021-published-january-2021-250948333

18,000+ monthly active developers commit code in open source crypto and Web3 projects in 2021.

Coinstack featured NFT artist Mrs. Bubble has a new $2 NFT sale on her latest LuvMonster NFTs... collect now: LuvMonster #41 - Mickipoo - https://bit.ly/mickipoo LuvMonster #42 - Slinky Sloth - https://bit.ly/slinkysloth Buy them for just $2 (0.0005 ETH) on OpenSea, on the zero gas fee chain Polygon. Our goal is to build LuvMonsters into a major new crypto NFT collectible in 2022 Last week's LuvMonster NFT, Happy Dragon, sold out 10 copies. Its trading price then went from 0.005 ETH (~$2) to 0.05 ETH (~$200) in the resale aftermarket. That’s NFTs these days! View Now and buy with your Metamask wallet and starting collecting today... https://bit.ly/mickipoo https://bit.ly/slinkysloth 🦥🦄🌈🦥🦄🌈🦥🦄🌈

📰 The Weekly Coinstack Newsletter is Out... 2022 Predictions for Crypto https://coinstack.substack.com/p/2022-crypto-predictions Inside this issue: 1. 2022 Predictions for Crypto 2. Sponsors: FTX, HeartRithm, Celo, and Hive Digital 3 This Week in Crypto 🗞️ Top Weekly News 💵 Weekly Fundraises 📊 Key Stats 📝 Report Highlights 🎧 Best Crypto Podcasts 📈 Top 10 Performers 4. NFTs of the Week: $2 NFT LuvMonsters 5. Coinstack Podcast Episodes 6. Top 30: A Good Long-Term Crypto Portfolio 7. Join Our Telegram Group 8. Who We’re Following on Crypto Twitter 9. How to Get Started in Crypto Learning

Opensea hit a new ATH of 44k+ daily unique users yesterday!

Over 90% of NFT volume was on Ethereum in 2021 as per data from VC Firm 1confirmation.

BTC denominated open interest in bitcoin reaches November highs. With the accumulated leverage recently, accompanied by the reduced volatility in the market and strong consolidation, the market seems ripe for a move.