I love pushing some entartaining content during weekends.

Here’s my new thread taking you back to September 2023 and showcasing the changes in market cap, TVL dominance, L2 landscape, and more – over the course of just one year.

Enjoy the journey!

A few surprising protocols on TokenTerminal's MAU leaderboard:

• Chingari: SocialFi
• Pixels: GameFi
• Mento: Stablecoins
• Runiverse: GameFi
• CARV: Infrastructure, AI + gaming

We're seeing many new names and a shift in user interest.

The Aave v3.2 proposal introduces "Liquid eModes," enabling assets to qualify for multiple efficiency modes (eModes).

This enhancement boosts borrowing flexibility and capital efficiency. It also removes outdated stable rate logic, streamlining the codebase and reducing gas costs.

Web3 performance by categories, for protocols in the $100M – $1B market cap range ↓

24h 7d 30d
DeFi -3.07% -0.01% +0.68%
Chains -3.63% +2.22% +1.51%
Exchanges -2.45% +2.91% +8.89%
Gaming -4.62% -0.12% +0.29%
Scaling -4.42% -3.83% -6.09%
Interop -3.89% -1.14% +1.59%
Lending -3.09% +3.04% +6.45%
DePIN -4.24% +0.4% -1.06%
Memes +17.6% +25.5% +13.3%
AI -4.30% +4.77% +0.15%

Average -2.03% +1.95% +1.59%

Data source: Messari, for 279 protocols within selected market cap range

ICYMI: USDT is growing faster on Ethereum L2s vs. BNB Chain:

1. The bridged supply of USDT is ~$8.9 billion
2. USDT supply (bridged) on BNB Chain ~$3.9 billion
3. BNB Chain losing market share to Ethereum L2s, especially Arbitrum One

Did you know that NEAR initially started as NEAR.ai and was much different from its current setup?

Here’s the NEAR journey: From the beginning to what it is now.

For my Telegram fam exclusively, I've created a spreadsheet to track high-impact events across various Web3 categories.

The data is sourced from Messari’s Intel Dashboard. For real-time updates, please refer to Messari directly.

Save the link.

Are token unlocks potential sell signals?
What does historical data reveal about trading these events?

• Key insights from Messari's Cliff Unlocks report
• Crucial events to watch
• Tools to track inflation

All in one Substack publication.

Of 370+ live DePIN tokens, 75% focus on virtual services (AI/compute) and the other 25% provide physical services (wireless/energy/sensors).

Just shared a report on ICP, boasting some good growth numbers recently.

Here’s everything you need to know about their recent focus and developments.

Wednesday = Research time

General
➖ Crypto.com: Research Roundup Newsletter [August 2024]
➖ CoinGecko: US, Indonesia & Türkiye Lead With 33% of RWA Crypto Interest
➖ The Defiant: AI Meets Crypto: The Decentralized Revolution in Venture Capital and Finance
➖ Galaxy: Ethereum All Core Developers Execution Call #196 Writeup
➖ Galaxy: Weekly Top Stories - 9/13
➖ Galaxy: From Batch to Streaming: The Real-time Data Revolution

Market
➖ Coinbase: Monthly Outlook: What’s Eating Ethereum?
➖ Coinbase: Weekly: Surveying the Landscape
➖ Binance: RWAs: A Safe Haven for On-Chain Yields?

Blockchains & networks
➖ Galaxy: Protocol Overview: Avalanche 2024
➖ Footprint: August 2024 Chains Report: Insights on Layer 1, Bitcoin Layer 2, and Ethereum Layer 2 Trends

Tokens & currencies
➖ Glassnode: Glassnode Expands ERC-20 Token Support
➖ Galaxy: When Will Bitcoin Have Its Big Moment?

Only 42 projects have outperformed Bitcoin this year.

Among the 15 top-performing projects, 11 are meme coins.

Kudos to Arndxt for this research.

Key usage metrics on Tron are trending up:

– Monthly fees ~$220m.
– Monthly transactions ~225m.
– Monthly active users ~14.1m.

Top apps by now are Tether and SunPump.

ETH balance on exchanges is now close to the levels of 2016.

For comparison, for BTC 15% of all Bitcoins are now on exchange balances.

Based on the data from Glassnode, the Bitcoin market is currently stagnant, with both demand and supply showing signs of inactivity.

This is evidenced by minimal capital inflows and outflows, as indicated by the stagnant Realized Cap.