Venture fundraising by crypto companies continues to accelerate, driven by investment in centralized financial applications, infrastructure providers, and, more recently, NFTs.
After a 7x increase in NFT volumes from July to August, volumes, though still elevated, fell considerably in September. In this week’s Chart of the Week, we examine which projects have been driving this year’s growth before decomposing volumes into the number of wallets, sales per wallet, and
After double-digit percentage increases in both July and August, Bitcoin gave some back in September, falling 7% after entering the month around $47,000 and ending around $44,000. Poor performance was mainly concentrated around two events.
First conceived as a peer-to-peer electronic cash system, Bitcoin and the technology it’s built upon is in process of changing humanity as we know it. In our first long-form version of our Chart of the Week series, we walk through a semi-technical, yet accessible explanation of how Bitcoin works.
With the recent launch of Arbitrum and incoming full deployment of Optimism, we review Ethereum scaling solutions and the momentum behind rollups in this week’s Chart of the Week.
Two of the biggest themes in crypto this year have been the rise of blockchain-based gaming and NFTs, both of which have caused associated tokens to soar. In this week’s Chart of the Week, we examine token performance by category.
After increasing 16% in July, Bitcoin turned in another strong performance in August, steadily rising 12% over the course of the month to $47,000. We attribute the strength to continued corporate and institutional activity, a rising hash rate / network difficulty, and more.
In this Chart of the Week, we review cryptocurrency derivatives basics, how to interpret various crypto derivatives metrics, and analyze what they may imply for sentiment.
After a frenzied but brief start to the year, NFTs have come roaring back in recent weeks, with record sales volumes, soaring corporate and venture investment, and a general re-entry into the cultural zeitgeist. We review NFT basics, analyze recent trends, and posit what the future may hold.