Coinstack

Long-Term Holders rotate out of positions in bull markets, typically as price breaks the previous high signaling new ATHs coming by EOY. https://insights.glassnode.com/follow-the-smart-money/

Decentralized identity standards heat up as more and more people care about their privacy https://www.coindesk.com/policy/2021/10/08/sign-in-with-ethereum-is-coming/

🎧 New Podcast Episode: Avalanche Deep Dive https://anchor.fm/coinstack/episodes/Avalanche-Deep-Dive-e18f8tl In this episode, we deep dive into what makes Avalanche so unique by looking into its core elements, subnet capabilities, and the DeFi applications we recommend worth looking at on the protocol.

🎧 New Podcast Episode: This Week in Crypto- (SEC Won't Ban Crypto, Grayscale Adds Solana, Coinbase Gets Hacked) https://anchor.fm/coinstack/episodes/This-Week-in-Crypto--SEC-Wont-Ban-Crypto--Grayscale-Adds-Solana--Coinbase-Gets-Hacked-e18f6a8 This week we talk about the rapid rise of Avalanche into the fastest-growing major blockchain in DeFi. We also highlight the most important news and highlights from the top reports in our industry, as Bitcoin passes $54k and ETH passes $3600.

FDIC said to be studying whether certain stablecoins might be eligible for its coverage up to $250k https://www.coindesk.com/policy/2021/10/06/us-fdic-said-to-be-studying-deposit-insurance-for-stablecoins/

🗞️ The latest Coinstack is now out... please share: "Is Avalanche the New Solana?" https://coinstack.substack.com/p/is-avalanche-the-new-solana In This Week’s Issue: Is Avalanche the New Solana? By Ryan Allis Avalanche Deep Dive By Mike Gavela This Week in Crypto… 🗞️ Top Weekly News 💵 Weekly Fundraises 📊 Key Stats 📝 Report Highlights 📈 Top 10 Performers 🎧 Best Podcasts

Here are the major blockchains ($1b+ in TVL) ranked by how fast their DeFi usage has grown in the last 28 days. Avalanche (AVAX) is now the fastest growing blockchain in DeFi, with Fantom (FTM) just behind. Our full report comes out tomorrow in Coinstack.

Among blockchains with at least $1B in Total Value Locked (TVL) in DeFi... Avalanche has grown the fastest the last 28 days, up 122.3% in TVL. What's driving this major rise in Avalanche usage? We'll be publishing our research in tomorrow's Coinstack newsletter.

BTC dominance fell from 70% to 40% as DeFi and NFTs continue to raise demand on ETH's network, as observed by Bloomberg in their latest Crypto Report. https://assets.bbhub.io/promo/sites/12/1411131_Crypto-October2021Outlook.pdf?link=button-header

HeartRithm, the crypto quant fund I work with, is hiring a Smart Contract Developer / Head of DeFi Development... please pass along any CVs or introductions to me at ryan@heartrithm.com.

Brazil seeks to regulate Bitcoin through a new bill in an effort to not fall behind the innovation age https://twitter.com/Blockworks_/status/1445009006825771015?

Polygon achieves record growth with 288K DAU https://ournetwork.substack.com/

🎧 New Podcast Episode: DeFi & The Future of Finance - The Winning Blockchains and Dapps with Ryan Allis https://anchor.fm/coinstack/episodes/DeFi--The-Future-of-Finance---The-Winning-Blockchains--Dapps-e184s35 In this podcast I explain why Decentralized Finance, or DeFi, is making the old financial system more efficient and secure through code -- while reducing costs and expanding access. We also talk about Ethereum, Binance Smart Chain, Solana, Terra, Polygon, Avalanche, Fantom, Waves, Huobi Eco Chain, Celo, Arbitrum, and Bitcoin. Please pass along to friends interested in learning about what's happening now in DeFi. This episode is sponsored by HeartRithm.

🎧 New Podcast Episode: This Week in Crypto- (Bitfinex's $23.7M ETH Fee, Cardano's $100M INvestment in DeFi, Arca Labs Tokenized US Treasury Fund) https://anchor.fm/coinstack/episodes/This-Week-in-Crypto--Bitfinexs-23-7M-ETH-Fee--Cardanos-100M-INvestment-in-DeFi--Arca-Labs-Tokenized-US-Treasury-Fund-e184jpe The top crypto news, reports, stats of the week and give our latest crypto forecast. A macro, mid-macro, and short term forecast for the crypto market as well as a deep dive on a few reports by The Bank for International Settlements (BIS) and a new report by Chainalysis showing Europe becoming the largest crypto economy with over $1T In transactions in DeFi.

(SEC) Chairman Gary Gensler reiterating support for a narrow class of bitcoin ETFs that would invest in futures contracts instead of buying the cryptocurrency directly. https://www.coindesk.com/markets/2021/09/30/bitcoin-jumps-as-secs-gensler-reiterates-support-for-futures-etf-dollar-rally-may-cap-gains/

🗞️This week's Coinstack newsletter is out... "DeFi & The Future of Finance: Part II" https://coinstack.substack.com/p/defi-and-the-future-of-finance-part-7eb In This Week’s Issue: 1. DeFi & The Future of Finance: Part II 2. Meet the Silicon Valley Entrepreneur Using Cryptocurrency To Create Social Impact 3. This Week in Crypto… 🗞️ Top Weekly News 💵 Weekly Fundraises 📊 Key Stats 📝 Report Highlights 📈 Top 10 Performers 🎧 Best Podcasts 4. Coinstack Podcast Episodes 5. Top 30: A Good Long-Term Crypto Portfolio 6. Join Our Telegram Group 7. Who We’re Following Closely on Crypto Twitter 8. How to Get Started in Crypto Learning

Here is the same data in graphical format. Ethereum remains King of DeFi by a huge margin.

Here are the top blockchains based on Total Value Locked in DeFi. Data from Defillama.com. Fantom, Arbitrum, and Avalanche grew the most in the last 7 days. Ethereum now has 1000x more money at work in DeFi than Bitcoin ($122B vs. $122M).

The Economist published two good articles on DeFi last week... https://www.economist.com/leaders/2021/09/18/the-beguiling-promise-of-decentralised-finance https://www.economist.com/briefing/2021/09/18/adventures-in-defi-land