1/x
I read @MessariCryptoโs 168-page report on EVERYTHING web3 so you donโt have to.
(DeFi, NFTs, Trends etc..)
Letโs dive in.. ๐งต
I read @MessariCryptoโs 168-page report on EVERYTHING web3 so you donโt have to.
(DeFi, NFTs, Trends etc..)
Letโs dive in.. ๐งต
2/x
Winter is Here โ๏ธ
- speculative mania gone
- true believers remain
- fundamentals stronger than before
- most important time in crypto history to focus and learn / stick around
Winter is Here โ๏ธ
- speculative mania gone
- true believers remain
- fundamentals stronger than before
- most important time in crypto history to focus and learn / stick around
3/x
Crypto still inevitable ๐ค
- innovation overshadowed by scams
- Bitcoin & ETH in historic โbuy rangeโ
- stablecoins rival global card networks (visa..)
- L1s scaling & lowering fees
- DeFi 1.0 working without hiccups
Crypto still inevitable ๐ค
- innovation overshadowed by scams
- Bitcoin & ETH in historic โbuy rangeโ
- stablecoins rival global card networks (visa..)
- L1s scaling & lowering fees
- DeFi 1.0 working without hiccups
4/x
Back to Basics ๐
- we now have Analysis tools
- fundamentals are emerging
- easier to research coins
- BS coins will fade bc of these tools
- currently 13 dapps with $10m run rate revenue
Back to Basics ๐
- we now have Analysis tools
- fundamentals are emerging
- easier to research coins
- BS coins will fade bc of these tools
- currently 13 dapps with $10m run rate revenue
5/x
VC money still exists ๐ฐ
- โ21 - mid โ22 = $55b of investments
- 2nd half of โ22 VC investments down 70%
- VC investments slowed but still going
VC money still exists ๐ฐ
- โ21 - mid โ22 = $55b of investments
- 2nd half of โ22 VC investments down 70%
- VC investments slowed but still going
6/x
Exchanges ๐จโ๐ผ
- Coinbase & Binance dominate
- FTX failure led to increased transparency standards
- regulatory risks for smaller exchanges are present
Exchanges ๐จโ๐ผ
- Coinbase & Binance dominate
- FTX failure led to increased transparency standards
- regulatory risks for smaller exchanges are present
7/x
Crypto Credit Crisis ๐ฅต
- 3AC & BlockFi bought GBTC
- GBTC premium crashed
- 3AC & BlockFi got trapped,
- & borrowed against GBTC
- Genesis loaned them $
- Luna was BIG blow
- 3AC & BlockFi gave Genesis bad debt
- FTX final blow
- Dominos & contagion
Crypto Credit Crisis ๐ฅต
- 3AC & BlockFi bought GBTC
- GBTC premium crashed
- 3AC & BlockFi got trapped,
- & borrowed against GBTC
- Genesis loaned them $
- Luna was BIG blow
- 3AC & BlockFi gave Genesis bad debt
- FTX final blow
- Dominos & contagion
8/x
StableCoins โ๏ธ
- should be USA leading export
- huge potential & scale
- first govt player will benefit big time
- stablecoin settlement rivaling big payments players like visa / Mastercard / PayPal
- hundred billion+ $$ market cap
StableCoins โ๏ธ
- should be USA leading export
- huge potential & scale
- first govt player will benefit big time
- stablecoin settlement rivaling big payments players like visa / Mastercard / PayPal
- hundred billion+ $$ market cap
9/x
Whatโs @VitalikButerin excited about? ๐คด
- privacy preserving stable coins
- Prediction markets! (Fun)
- identity modules (ENS etc)
- Hybrid applications (on+off chain) for things like voting
Whatโs @VitalikButerin excited about? ๐คด
- privacy preserving stable coins
- Prediction markets! (Fun)
- identity modules (ENS etc)
- Hybrid applications (on+off chain) for things like voting
10/x
Revenge of the dApps ๐ป
- DeFi TVL = $40 billion
- Fin. services industry = $23 trillion
- huge market to be had for DeFi apps
- growth upside is big
Revenge of the dApps ๐ป
- DeFi TVL = $40 billion
- Fin. services industry = $23 trillion
- huge market to be had for DeFi apps
- growth upside is big
11/x
The @Uniswap Unicorn:๐ฆ
- currently only $1b+ protocol
- V3 update was huge
- likely to keep its dominance
- dividend โfee switchโ going into trial run
The @Uniswap Unicorn:๐ฆ
- currently only $1b+ protocol
- V3 update was huge
- likely to keep its dominance
- dividend โfee switchโ going into trial run
12/x
Real world collateral (DeFi) ๐ฐ
- overcollat lending dries up when risk off
- undercollat lending popping up in DeFi (@goldfinch_fi, @maplefinance)
- DeFi will need to create more uncollateralized lending to compete with banks
Real world collateral (DeFi) ๐ฐ
- overcollat lending dries up when risk off
- undercollat lending popping up in DeFi (@goldfinch_fi, @maplefinance)
- DeFi will need to create more uncollateralized lending to compete with banks
13/x
Rise of liquid staking ๐ง
- stETH & rETH huge growth
- risk of staking ETH falling,
- little reason NOT to stake ETH
- synthetic assets give utility & will create long term hodlers
@LidoFinance & @Rocket_Pool
Rise of liquid staking ๐ง
- stETH & rETH huge growth
- risk of staking ETH falling,
- little reason NOT to stake ETH
- synthetic assets give utility & will create long term hodlers
@LidoFinance & @Rocket_Pool
14/x
Generative art / NFTs ๐ผ๏ธ
- NFT market est value $8b-$10b
- 2/3 of NFT value = profile pics
- NFTs in gaming has big potential
- NFTs bleeding into every industry
- NFTs disrupting creator monetization
Generative art / NFTs ๐ผ๏ธ
- NFT market est value $8b-$10b
- 2/3 of NFT value = profile pics
- NFTs in gaming has big potential
- NFTs bleeding into every industry
- NFTs disrupting creator monetization
15/x
GameFi ๐ฎ
- gaming x finance
- trad gaming extracts value from players
- GameFi gives value back
- enjoyable games lacking still
GameFi ๐ฎ
- gaming x finance
- trad gaming extracts value from players
- GameFi gives value back
- enjoyable games lacking still
16/x
DeSo ๐ฌ
- decentralized social gaining steam
- on-chain reputation / ownership
- give value back to users
- @LensProtocol leading the way as ground level platform
DeSo ๐ฌ
- decentralized social gaining steam
- on-chain reputation / ownership
- give value back to users
- @LensProtocol leading the way as ground level platform
17/x
Wallets ๐ชช
- wallet abstraction needed
- @coinbase web3 in-app wallet ๐ฅ
- great wallet experience needed for payment adoption
- @zapper_fi & @nansen_ai explorers are huge help for investors / users
Wallets ๐ชช
- wallet abstraction needed
- @coinbase web3 in-app wallet ๐ฅ
- great wallet experience needed for payment adoption
- @zapper_fi & @nansen_ai explorers are huge help for investors / users
18/x
I did my best to cut the fat and condense this report, but thereโs still a lot of information to be absorbed, shout-out to @twobitidiot & @MessariCrypto for putting it together, go read it for yourself on the Messari website (free)
I did my best to cut the fat and condense this report, but thereโs still a lot of information to be absorbed, shout-out to @twobitidiot & @MessariCrypto for putting it together, go read it for yourself on the Messari website (free)
19/x
Twitter BUGGED tf out and posted this thread like twice then deleted itself etc idk but all is good now ๐
If you enjoyed it, pls give the main tweet a RT / share:
Twitter BUGGED tf out and posted this thread like twice then deleted itself etc idk but all is good now ๐
If you enjoyed it, pls give the main tweet a RT / share:
https://twitter.com/thekriskay/status/1606352463644196886?s=20&t=w9bQ1Q96brXtSwL0zZaogA
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