How Much of Solana's DEX Volume Is Actually Arbitrage? I have been digging into this question for a while now, and the numbers are pretty wild. Quick primer: arbitrage on Solana happens in a few different flavors. Atomic arbs execute within a single transaction—> buy low on one DEX, sell high on another, pocket the difference, all in one go. Bundled arbs spread across multiple transactions in the same block to achieve the same result. And here is something that might surprise you: Lot of bots aren't running custom programs. They are routing through aggregators like Jupiter and DFlow. So I built some queries on Dune to actually quantify this. the numbers. Starting with atomic arbitrage on Jupiter, the results were eye opening: at least 40% of Jupiter's volume is pure atomic arb activity. Let's do some quick math. Aggregators handle roughly 60% of all Solana DEX volume, and Jupiter dominates that space with ~90% market share. So: 0.6 × 0.9 × 0.4 = ~22% of total Solana DEX volume is just atomic arbs running through Jupiter. When I added bundled arbs (multiple transactions across the same block to net a profit on the initial asset), Jupiter's arb share jumped from 40% to 50%, pushing the total DEX figure to around 27%. Factor in DFlow and other aggregators, and we're looking at roughly 30% of all Solana DEX volume coming from arbitrage that I have been able to track through aggregators alone. Note : we took 2 consecutive txns to spot bundled arbs to avoid insanely heavy computation on dune What we are missing Here is the thing—> I am pretty confident we are only capturing maybe 40-60% of actual arb activity. The rest is harder to track with current resources, but based on hundreds of transactions I've analyzed manually: >> Profit margins outside aggregators are significantly higher. Makes sense—>custom routing gives you more room to optimize. h/t @0xGhostLogs for making me realise this >>There are other types of arb strategies we haven't captured yet. The takeaway Conservative estimate: at least 50% of Solana's DEX volume is arbitrage on avg and on certain days, it's probably closer to 60-70%. >> Dune's 30-minute compute limits have been a constraint, but it's still the best tool out there for this kind of analysis. If you have got ideas on how to improve the methodology or want to poke holes in my assumptions, I am all ears. I have built a dashboard to specifically track these numbers : dune.com/the_defi_report/ato… cc: @mert @DefiIgnas @toly @niteshnath @DanJablonski

All details about the $ZK token distribution 👇 Eligible addresses: 690,715 0-1k: 90937 users 1k-5k: 477996 users 5k-10k: 63582 users 10k-20k: 26871 users 20k-50k: 18517 users 50k-100k: 12657 users > 100k: 155 users The highest token amount in the dataset is 160,495(bobjiang.eth), and the lowest token amount is 917. Mean Token Amount: 4,924. Median Token Amount: 1,533. Standard Deviation: 11,887, indicating a wide variability in token amounts. 25th percentile: 1,098 (25% of users have token amounts less than or equal to this value) 50th percentile (median): 1,533 75th percentile: 3,252 (75% of users have token amounts less than or equal to this value) Maximum token amount: 160,495. Tagging chads who might find this useful : @DefiIgnas @1CryptoMama @0xFinish @dvcoolster @hooeem

GM GM beautiful souls, Here's a gentle reminder for you all 👇 Keep a sense of humour, especially about yourself. It is a strength beyond all measure.

Gm Gm beautiful souls, Have a great day ahead

~A remarkable 82% of Azuki's are in loss~ The majority of Azuki's currently in HODL were acquired in the range of 12-16 Ξ (2128). Only 130 Azuki's were bought for 0-2 Ξ and not sold, meaning many early buyers sold theirs. Only 6 % Azuki's are in HODL since mint. The good part is despite 82% Azuki's underwater, only 37% were traded this year which means most of the holders still believe in the project despite heavy looses and remained during these hard times. If you are here for the art/community/experience etc. then these numbers don't matter. I am sure Azuki's will rise again and reward their holders.

GM beautiful souls , "Success is not something you pursue. It is something you attract by the person you become.” - Jim Rohn Be the best version of yourself.

A total of 332 whitelisted addresses successfully minted the Overworld Incarna. Notably, address 0xbD...10b5 led the pack by minting 300 Incarna's, expending more than 14 ETH in gas fees during the process. Despite witnessing gas prices reaching as high as $200, it's noteworthy that the minimum gas paid throughout this event stood at a mere $6. For more details check my my dune : dune.com/eekeyguy/overworld-…

Gm Gm Beautiful souls, Sunday is here and it’s the time to reflect on ourselves. Sharing a video that changed my life, hope you too learn something from this.

Good morning, beautiful souls 🌞, As we step into this new day, let's remember that "Service is the highest purpose; there is nothing above it." Let's carry this noble truth in our hearts and let it guide our actions today. Wishing everyone a day filled with purpose and kindness.

Some Azuki sellers tried to boost sales while DeGods was having a hard time maintaining its floor. Yesterday's stats shows 34.5% wash trading for Azuki. If we dig down we will see it is done by only few addresses. The most common method used to manipulate is buying same NFT more than 3 times or more from same address. While the actions of few accounts may cast a shadow, it's crucial to remember that a single ripple does not define the entire ocean. The integrity of the community is not defined by the activities of a few traders.

Gm Gm beautiful souls

As DeLabs pushes phase III of the DeGods project, morale is riding high with only 2.6% of holders underwater since migration. At the other end of the spectrum, 72.6% of MAYC holders are in the red, followed closely by Azuki with 66.2% as the Chiru Labs team strategizes its recovery plan post the Elementals debacle. h/t to @0xsammy for the help.

Gm Gm beautiful souls, Thought of the day: Let the beauty of what you love, be what you do.

Good morning, beautiful souls 🌞, Remember, success isn't just about outcomes; it's about the journey, the growth, and the lessons learned along the way. Embrace each step and cultivate joy in the process. Wishing you a day of purpose and fulfillment.

~A remarkable 96% of Mocaverse NFTs are in profit~ Innovation knows no bounds, and Mocaverse is paving the way, defining a new standard. Let's delve into the latest from @MocaverseNFT. 🚀✨

GM GM beautiful souls, Weekend is here, & it's the time to reflect on ourselves. We spend so much time wrapped up in how other's may be perceiving us that we disconnect with our own individuality, our passions, curiosities, and all we can truly offer the world. Reconnecting with, and exploring, ourselves and the world around us is the pathway to an expanded, fulfilling life and where legacy is born.

Good Morning beautiful souls! Remember: It's not arguments, but heartfelt stories that truly change minds. Wishing you a day filled with inspiring tales and moments of reflection. 🌼

~All the Stats for DeGods season |||~ 1/ Over 4400 Degods have been downgraded so far which is around 50%. 2/ ~ 26% of Degods are currently staked. 3/ So far ~1.4M DUST have been accumulated in Points Parlor Treasury via S3 downgrade which is around 1.34M USD. 4/ Over the past 7 days, out of 1,244 DeGods NFTs purchased and retained, 1,221 are now underwater, with an average loss of 2.32 ETH. 5/ Buyers went to as high as 340 on 15th Aug compared to just 4 on 1 Aug. 6/ The Highest floor observed in August was 9.65 on 4th which is currently down to 4.21. 7/ DUST came down below 0.95 USD from its peak at 2.52 USD on 3 August.

GM everyone, Have a great weekend🫶

~The Actual Reason Why Y00ts is Migrating to Ethereum~ 1/ Buyer Activity: On Ethereum, there are on average 150 daily NFT buyers spending more than 2Ξ. On Polygon, this number is less than 10. 2/ Liquidity & Demand: Ethereum's higher liquidity for high-value NFT transactions suggests a more active and robust market for high priced NFTs. 3/ Friction in Buying Process: Purchasing an NFT on Polygon involves an additional step: bridging ETH from Ethereum to Polygon. This process can deter some users due to its complexity, potential fees, and waiting times. 4/ Value Appreciation: With reduced demand on Polygon and the added friction in the buying process, it becomes challenging for NFTs to appreciate in value on Polygon compared to Ethereum. 5/ Strategic Move: Y00ts potential move to Ethereum isn't just about numbers. It's about positioning in a market that understands and appreciates the value of exclusivity. "We tried some shit. We learned some shit. Now we're trying some new shit." - @frankdegods "We are building the best community on the internet" -@DeGodsNFT

Good morning, vibrant minds of the web3 space! 🌞 A little food for thought as we navigate through the decentralized waves: On Ethereum 🌐 🪙 46.5M people have ever traded a stablecoin 🎨 3M have dipped their toes into the NFT world This sparks a curious question: In the future journey of onboarding the masses to web3, which will be the greater magnet? 🧲 The stable, non-volatile allure of stablecoins? 💵 Or the vibrant, expressive universe of NFTs?🎨

Welcome my second y00t to the @y00tsNFT family! I wholeheartedly believe in the potential of y00ts and the DeGods community. My unwavering support goes out to @frankdegods and the entire team. Remember, "Y00ts follow Y00ts" is more than just a saying—it's our ethos.

The best way to win is to master the field, understanding its complexities, and adapting to its ever-changing dynamics. #BRC20 #Ordinals #bitcoin 🟧Everything you want & need to know to enter the Ordinal Ecosystem.🧵👇

GM GM Legends🫶, Every sunrise offers a new page to write in the story of your life. Cherish each moment and embrace the possibilities.

Have you ever heard of Living NFTs? Let's explore the most fascinating and incredible innovations in the digital world.🧵👇

~These numbers will blow your mind~ In 2023 ⤵️ 1/ Over 1.03 million unique addresses traded. 2/ Think the market is over? Over 5.13 million assets were traded on-chain. 3/ BAYC assets took a hit, dropping 84% from their peak, yet 78% are still being hodled. 4/ AZUKI faced a similar fate, plunging 88% from its peak with 62% being hodled firmly. 5/ Opepen witnessed a staggering 96% of its jpegs changing hands. 6/ Fun fact : The data is just for Ethereum.

Good morning, wise souls ☀️ "Man can do what he wills but he cannot will what he wills." As we start a new day, let's be conscious of the deeper currents guiding our choices.

I can feel you mate , I too lost my y00t and 1000 USD in a scam 2 days back. Trusted someone I shouldn't have. Clicked something I shouldn't have. Bad phases are temporary , I am sure you will regain 10X in future. Feels bad for a while then you bounce back stronger. Others reading this : Please use ledger , don't click on random links. Web3 has lot of positives but you can never complain about scams so please beware of these things.

Where did we go wrong? We started treating NFT collections as homogeneous assets, overlooking their unique, individual value. For instance, despite significant NFTs traded, 'BAYC' and 'MAYC' recorded average ROIs of -$384 and -$100 respectively in last 1 year. On the other hand, collections like 'Captainz' and 'Azuki' yielded positive average ROIs of $357 and $183 respectively. Let's not forget, BAYC offers more than just a handsome -$384 ROI. There's a rich community, unique artwork, and a plethora of experiences that you simply can't put a price on! Moreover, on 3rd August alone, out of the 6948 trades made, a staggering 6740 ended up in losses, while only 208 turned a profit. On an avg more than 95% of same day trades are in looses.This isn't an isolated incident but a clear sign of the risks involved when we treat NFTs as fungible assets and engage in frequent trading. We commodified art & culture, trading them on marketplaces without ever engaging with the communities behind them. In the process, we made NFTs feel fungible, dismissing the art, the creators, and the narratives that give them their true value. We also overlooked the intrinsic utility of these tokens, focusing solely on financial gains. True utility isn't just about airdrops and dividends; it's about the experience, the community, and the joy of owning something unique. This is not a trading business. Let's get back to what made collectibles fun in the first place: cherishing the art, respecting the creators, and becoming part of vibrant communities. Stop treating NFTs like fungibles. Not only do you risk losing money, but you also miss out on the true essence of the NFT experience. The insights shared here are based on rigorous data analysis, underscoring the reality that NFTs are not meant for frequent trading. It's a message we must share widely, raising awareness and helping to steer the narrative towards the true value of NFTs - the art, the community, and the unique experiences they offer. Let's be the change we wish to see in the NFT space. Note : 1/ROI = (sell price - buy price) 2/ In 1st chart outliers were removed for calculation 3/ Degods data is since migration hence skewed 4/ In 2nd chart only same day trades are included 5/ Both chart contains past 1 year data

Gm Gm beautiful souls, Have a great day. I'm currently in Dubai. Feel free to send me a direct message if you'd like to meet up.

The top trader earned over 85k USD in span of just few days on @friendtech. Let's find out what exactly is happening in the ecosystem with eye opening stats. friend.tech is a social app where you can buy a "share" of a Twitter user, and get access to a chat with an influencer. You can buy shares of different hype users to be able to sell them when the price is higher (if the share is bought by many people) . The price of next share is S^2/16*1 ETH where S is the current number of shares. An analog of a social network + ponzi dynamics (the more buyers, the more expensive the share). Below are the earnings of the top performers: 85k, 76k, 54k ......... Cobie, among the top holders, saw his share peak at 2.5Ξ, with a total of 380 purchases and 250 sales. Hsaka's shared peaked at 2.1Ξ with a total of 300 purchases and 200 sells. Here is how the price is fluctuating for top holders. Daily transactions are rising at a rapid pace and have already crossed 250k. Total unique buyers are about to cross 20k mark. Though the future is uncertain but this tech is gaining a lot of attention but the harsh reality is people have found another way of trading and seeking profit. Fun fact : Ben.eth purchased 33 shares of his own. h/t @aadams for price chart.

Why are more people buying expensive NFTs in a down market? Are they seeing long-term value or just trying to make a quick profit? Is this clearer and straightforward enough? Let's find out from the stats. In the last 7 days: 3,295 unique NFTs were traded for more than 2Ξ. 1,720 of these were purchased but not resold. DeGods: 376 Captainz: 160 MAYC: 97 Milady: 93 1,575 NFTs were traded more than once, comprising about 48%. DeGods: 812 MAYC: 197 Milady: 94 Pudgy: 86 Would love to hear your views on this.

Over 50k Moca ID's have been minted so far on Polygon. Moca ID: On-chain DID for seamless identity across Animoca Brands' network of 400+ companies and expanding partner ecosystem.

Don't abandon projects in their lows; believe in their potential highs! 🚀 If you're into digital collectibles and love crunching numbers, then the stats of #PudgyPenguins are a must-see!

🧵Trend Alert: Check out the Hottest Top 5 Sales from Last Week! #NFTs #NFT

~The Actual Reason Why NFT Collections Will Never Be Able To Sustain Floor Price~ Degods has 8,886 NFTs, but only few people own them which is lowest among top collections. The distribution is even more skewed when you realize that the lion's share of these NFTs is concentrated among a handful. When Degods announced Season 3, major holders began selling, prompting others to do the same. The concentrated ownership and Blur loans intensified the cascade of sales. Example: I want to buy DeGods but only have 3Ξ. I borrow 5Ξ at a low interest, given DeGod's rising floor price of 8Ξ. However, after securing the loan and buying the DeGod, a Blur airdrop farmer suddenly sells 100 DeGods, dropping the floor price to 6.5Ξ. With worsening loan offers and increasing interest rates, I couldn't refinance. In 30 hours, my DeGods was sold for 6Ξ, leaving me with just 1Ξ and no NFT. Clearly most of loans were under water yesterday & it takes only few whales to create such a scenario. Such behavior underscores a pivotal issue in the NFT market: when a disproportionate amount of assets are controlled by a select few, they possess the power to dictate market trends, often leading to rapid and unpredictable fluctuations. While one might argue that significant shareholders exist in traditional stock markets too, there's a stark difference. Established stock markets have decades, if not centuries, of maturity and regulatory mechanisms to buffer against abrupt shifts. The NFT market, being relatively nascent, lacks these stabilizing factors, making it more vulnerable to the whims of its major players. The most impressive metric for a project is its unique wallet holders. If a project has 10k NFTs spread across 6-7k wallets, with no one owning more than three, it's truly decentralized and robust. 💯 "In contrast, the NFT space, despite its decentralized promise, grapples with centralization challenges, making it more susceptible to volatile shifts."

~How Activities on L1 & L2 Drive ETH Value Appreciation?~ When we talk about Ethereum (L1) and its Layer 2 (L2) solutions, it's essential to understand their interconnected dynamics. Activities on both L1 and L2 aren't just about scalability; they play a pivotal role in the burning of ETH. Total transaction fee = gas_used * Gas price per unit Total transaction fee = gas_used * (Base fee + Tip) With EIP-1559, a portion of the gas fee (base fee) on Ethereum transactions is burned, reducing ETH's supply. 📉 While L2s offer lower gas fees, they still interact with and settle on Ethereum's main chain (L1), incurring gas fees and thus, burning ETH. 🔄 So, every transaction, whether on L1 or relayed from L2, contributes to the reduction of ETH's circulating supply. It's a testament to how the success and activity on L2 (and L1) directly bolster Ethereum's value proposition through ETH burning. Uniswap V3, a decentralized exchange (DEX), emerges as a substantial player in reducing ETH's circulating supply. But there's another intriguing actor in this narrative - FriendTech, operating on the BASE chain, an L2 solution, also contributes to ETH burning. The equation is simple yet powerful: 🔥 ETH Reduction ➡️ Diminished Circulating Supply ➡️ 📈 Ascension in ETH Price. It's always about supply and demand. => Total ETH burned till date is 3.6 Million. => On an AVG more than 1 ETH is burned every minute. To incentivize and support validators, ETH is issued. This year total 0.828M ETH was burned. The supply of ETH on 1 Jan 2023 was 120.525M which is now 120.242M. This means total ETH issuance this year was (120.242 + 0.828 - 120.525) = 0.545 ETH So this year ETH issued(0.545 ETH) was < ETH burned (0.828 ETH) which means reduction in supply which in return will help in price appreciation of ETH.

It took Base less than one month to match zkSync TVL. As of now, Base holds a slight lead with an advantage of $7 million over zkSync, with both nearing a remarkable TVL of around 420 million. The growth of Base has been significantly influenced by SocialFi compare to zkSync which mainly attracts airdrop farmers.

GM GM everyone, "Cherish the little moments, for they brew the sweetest memories in the grand narrative of life"

40 traders own more than 50 of their own keys on friendtech, but only 16 of them have key_price > 1 ETH. 8 of them have key_price between 0.5 and 1 ETH. The remaining 16 have key_price < 0.5 ETH.

"Breaking Down the NFT Market: From Peak Frenzy to Challenging Times, What's Happening Now? 📉 #NFTs #CryptoArt #MarketAnalysis" NFTs are facing one of the lowest periods since the beginning of 2022. dune.com/queries/2493159

~Sales & Floor Price Dynamics Across Top Collections~ 1/ Project expansion only sustains when the main project sustains. BAYC fell 40% and in return MAYC also fell 40% Azuki fell 64% and in return Beanz fell 74%. 2/ High expectations and not delivering hurt Azuki's floor badly. But having a strong business model, like Pudgy Penguins did helped keep their drop to just 9% in the bear market. 3/ While high sales don't always mean a big drop in price, blur trading can mainly hit projects with shaky strategies the hardest. Conclusion: Good statergies can make buyers HODL their NFTs but founders need to figure out how to prevent sell the news event to prevent floors.After all, the allure of Veblen goods is intricately tied to their pricing. This data is for past 3 months.

Unbelievable! Wash trading in BAYC skyrockets - reaching almost 100%📈🚀. @BAYC, there's a twist in the tale - watch till the end 🧵👇#NFTs Cameo appearances by @DeGodsNFT, @Azuki, @cryptopunks, @pudgypenguins, @BEANZOfficial, @miladymaker! Stay tuned.

GM GM everyone🫶, "U cant control the waves but u can learn to surf". Let's embrace the challenges and make the most of this week!

Good morning, to everyone who still has hope during this bear market. It's not what you look at that matters: it's what you see. If you change the way you look at things, the things you look at change.

If you think you know all the criteria for the ZK allocation, you might be surprised. It's fascinating that over 12,000 addresses received the airdrop even though they never made a transaction on Zksync Era. You might wonder how they qualified then. Well, here’s what I found: 1/ Being a Community Moderator for ZKsync (81852 ZK) 2/ Donating to a Gitcoin round on ZKsync Lite 3/ Participating in ZK Quest 4/ Owning a Pudgy Penguin or Milady Maker NFT 5/ Joining open security audit contests 6/ Claiming the $DEGEN season 1 airdrop 7/ Participating in season 1 or 2 of Crypto The Game 8/ Making transactions on ZKsync Lite in 3 different 9/ months before ZKsync Era mainnet 9/ Having a POAP from in-person ZKsync events ...and a few more. This shows that there are many ways to engage with the community beyond just random farming. Over time, more criteria will emerge for allocating airdrops, but those who are truly involved with the community will always be preferred. Unfortunately, those who didn't get a chance this time may have to wait for future opportunities. I am attaching these 12,000 addresses for reference so you can research more about the criteria. Tagging chads who might find it useful: @DefiIgnas @_Tish9704 @hmalviya9 @0x_Lens @poopmandefi @cryppinfluence @CryptoCultClub @AntonProfiT @adamscochran dune.com/queries/3824125

Turning Theory into Action: How numbers prove Luca's Strategies for NFT Value Accrual Are Working!

GM to everyone who still have faith in this space🫶, Hold on still and the storm will pass You've come so far, you'll surely last Be the light and show the way Trust your heart, not what they say The Road is not what you had in mind You kept going on and did your time There will come a time and place You'll realise you've won the race Every time you have fallen down You've picked yourself up from the ground Never a God came to save your soul; You saved yourself and you did it all

🧵Illuminating the Shadows: Unveiling the Mirage Within Ethereum's NFT Market, as Wash Trading Accounts for 42% of Trading Volume dune.com/queries/2487547

📊 Volume Analysis: Past 2 Days In the last 48 hours, the volume game in the NFT space has seen some interesting numbers: 🚀 FriendTech soared with a whopping $19.77M in volume. 🌌 StarArena followed with $6.21M. 🌀 Blur wasn't far behind, clocking in at $6.95M. ⛵ OpenSea sailed with $4.1M. 🔥 OpenSea Pro wrapped up the list with $0.75M. But here's the kicker: FriendTech's volume alone surpassed the combined volume of StarArena, Blur, OpenSea, and OpenSea Pro, which totaled $18.01M. FriendTech is clearly leading the pack! 🥇

GM GM everyone🫶, Remember a day without laughter is a day wasted.

NFTs are an attention game. Moreover, it is the sense of expectation that fuels this interest. In simple terms It's the excitement of what's coming next that keeps people interested. 1/ Take the Azuki event in June, for example. There were lots of speculations that made people very excited. 2/ For months, holders are in anticipation of DeGods III. The collections Captainz, Azuki, and Pudgy have clearly managed to maintain a high level of interest over the past year, as shown by their extended average HODL times. However, Azuki's inability to meet expectations is evident in its shorter overall HODL duration. We also observed more returns with higher HODL time. But what about BAYC, what went wrong with BAYC? The average HODL duration surpassed that of numerous other collections, largely due to the expectation and anticipation stemming from YUGA's past deliveries. However, the decline in floor price and average returns was influenced by several factors: 1/ Currently, the $ape token doesn't serve a specific purpose or utility. 2/ Dilution impacted YUGA in short term. 3/ The collection no longer holds the same prestige or 'flex' value as it once did. 4/ No major announcement to capture attention. Please share your views on this , would love to hear them.

~After 24 hours of deep diving into Base, here are all the stats you need to know~ Base is an open-source optimistic rollup built on the Ethereum blockchain. Rollups are L2 blockchains built to help (L1) blockchains like  Ethereum scale. They bundle hundreds of transactions and submit them to L1 as a single transaction, which reduces gas fees for the end user. Base chain has been a centre of attraction since launch. Despite no airdrop announcement the TVL of assests bridged on the chain has seen a significant growth crossing over 400M$. The natively minted TVL of USDC stands at 159M$. Currently, Base has attracted ~300k users, a number significantly trailing zkSync's impressive 1.8M user count. Despite being new in the market, Base has beaten all other major L2's in terms of on chain profit in the previous week by doing over 250 ETH in profit. In the current week it's still trading behind zkSync. SocialFi helped Base grow, and the investment from paradigm boosted that momentum. Aerodrome(Trading and Liquidity Marketplace on BASE) and FriendTech accounts to 28% and 10% respectively of the total TVL on the chain. FriendTech has recently seen a significant growth in TVL totalling to 38M$. Base will not have a native token, by skipping tokenization:Base sidestep distribution issues and U.S. regulatory challenges, prioritizing unique L2 ecosystem evolution. Coinbase, a top crypto player popularized Bitcoin for many. With the 2023 launch of Base, they aim to bring DeFi to a billion users, marking a significant shift in the crypto world.

🧵 Is ETH inflationary or deflationary? Let's find out!

🧵Bitcoin Ordinals crosses 10M inscriptions 🎉 Here's your comprehensive guide to the latest developments and insights in the dynamic world of Ordinals. You can't afford to miss this! #Bitcoin #Ordinals #BRC20 👇

Efrogs have soared beyond 245 ETH in volume, making a substantial impact on the Linea NFT ecosystem, with approximately 1350 NFT holders. For a detailed breakdown on @efrogs_on_linea, explore my Dune dashboards, with more stats on the way! : dune.com/blockintel/efrogs

In the NFT world, top collections like DeGods, Punks and BAYC are like luxury Rolls Royce cars - they're about status, desirability and exclusivity. Out of the 5M people who've ever bought an NFT, only a small group - 16,484 for Azuki and 13,297 for BAYC - have owns/owned these high-demand collections. Their high prices and limited numbers make them more like Veblen goods, where demand increases with price. On the other hand, Ethereum Name Service (ENS), with 77,522 unique buyers,exhibits a strong product-market fit, providing widespread utility. Despite the vast number of NFT buyers, ownership of top collection remains a distinct symbol of prestige within the NFT market. h/t to @0xsammy for the help. Note : 1/ Data derived from trades after mint till date. 2/ DeGods has been eliminated from data due to late migration to Ethereum however, it's important to note that DeGods currently stands as one of the premier Veblen goods in the NFT space.

Lets connect🤝

Ethscriptions Demystified: A No-Nonsense Guide for Everyone #Ethereum 🧵👇

GM GM everyone, "They say a person needs just three things to be truly happy in this world: someone to love, something to do, and something to hope for." — Tom Bodett

~Why did floor prices plummet by up to 90%?~ 1/ Beanz have seen the most significant drop, plummeting 97% from a peak of 6.9 ETH to just 0.2 ETH. They're closely followed by Azuki, which declined by 89% from 31.8 ETH to 3.5 ETH. 2/ A majority of NFTs have experienced a decline of over 70% from their peak values. 3/ In contrast, Pudgy Penguins (PP) have shown resilience with a relatively modest decline of 49%, indicating strong community trust and the success of their IP. 4/ BAYC, once at a peak of 153.7 ETH, has seen a drop of 85%, bringing its value down to 23.5 ETH. 5/ The sharp decline in floor prices can be attributed to several factors: a) A significant portion of NFT purchases were speculative. As the hype subsided, speculative buyers looking for quick profits began to sell, driving prices down. b) The emergence of traders: As marketplaces evolved, the value proposition of many NFTs shifted from art, utility, and community to mere profit. c) Discrepancy in expectations: Holders had high expectations, but many projects failed to deliver on their promises. d) The consistent decline of Ethereum over an extended period. e) The accumulation and concentration of a vast number of NFTs in the hands of a few. f) The decline in prices of projects eventually reduced their demand which further lead to downfall. g) Many NFT projects were launched without a clear use-case or utility beyond mere ownership. Over time, this lack of functionality can lead to decreased interest and value. h) The rapid proliferation of NFT projects led to an oversaturated market, making it difficult for individual projects to stand out or maintain value. i) Broader economic factors, such as inflation concerns, geopolitical tensions, or a potential recession influenced the disposable income available for investments like NFTs.

Opensea joins other platforms in placing the final nail in the coffin for creators. Here's a look at how your favorite projects have raised in royalties($) against floor price.

The best place to HODL. #BTC #BRC20 #Etherum

Good Morning, Beautiful Souls! As we step into this brand new day, let's carry with us the timeless wisdom of Charlie Chaplin: 💫 "A day without laughter is a day wasted." 💫 Let's not just chase joy, but create it, share it, and revel in it. Find reasons to smile, to laugh, and to celebrate the simple joys that life offers.

Yugalabs has earned around $47M in royalties just from BAYC Opensea sales which is almost 10% of the total funding raised( $450M) so far.

Averaging weekly data suggests gas prices peaks at 3 pm and is lowest between 4-6 AM (UTC). @moritz_web3 is selling his memorable JPEG – it's more than just a picture, it's full of great memories. Many others are selling too, so the market is buzzing! The prices will surely be high. Tip: Save money by buying when gas fees are low :) 1 Gwei = 0.000000001 ETH While reflecting on this data, I couldn't help but recall the sky-high gas prices during the Otherside mints which went as high as 7000(Gwei). What was your experience like? Share your stories in the comments – I'm all ears! Just gifted you a golden nugget of advice; feel free to thank me with a follow!

Solana's 4.5x returns this year highlight the allure of long-term potential. It's simple people like to invest in businesses which have a long term potential. Blockchains sell blockspace, using gas for transaction costs. Their goal: self-sustainability, thriving independently in the digital landscape. Ethereum's burn mechanism unlocked the secret to self-sustainability, making it deflationary. Now, Solana strives for the same by fostering increased adoption. Recent trends show the impact— 1️⃣User Engagement: The surge in Daily Active Addresses highlights Solana's vibrant ecosystem, signifying increased user engagement. This is crucial as a thriving community often correlates with the blockchain's success and sustainability. 2️⃣ Fee Wisdom: Solana's commitment to keeping transaction costs nearly zero, even during fee spikes, is a game-changer. Ethereum users can feel the importance of this. 3️⃣ DEX Dynamics: Solana's DEX volume not only competes but often outshines Ethereum. This matters because a robust DEX ecosystem is at the heart of DeFi, providing users with seamless access to various financial instruments and opportunities. 4️⃣ TVL Triumphs: The substantial increase in TVL reflects growing confidence in Solana's capabilities. A higher TVL is a key indicator of a blockchain's attractiveness for various projects, emphasizing Solana's position as a hotspot for decentralized finance activities. Thanks for reading . For more such analysis on Solana , check out my dune dashboard. Link in comments. Have a great day ahead.

Blur has now overtaken OpenSea in sales. Dive into the details for some intriguing statistics below👇 In the last two to three days, Blur's sales have seen a significant uptick. Examining the past week's data, the surge can be attributed to notable sales from: frENS (7,909), Sproto Pepes (5,511), DeGods (2,988), Parallel Alpha (2,848), and NeoPunksSaga (2,515). The market had previously seen OpenSea leading in sales numbers, while Blur boasted greater volume but blur has started dominating in both. The Blur still leads Opensea in volume making 4x (~12M$) volume than Opensea on 15th. But Opensea still stand high in number of daily unique buyers averaging around 3.5-4k compared to 1.8-2k for Blur. High end users who are spending more than 2 ETH daily crossed 1k on past 2 days on Blur which was almost 5x Opensea.

Blur loans dragging down NFT prices? The data reveals the truth. Dive in to understand why floor prices are up today!👇 BAYC: loans⬆️ floor⬇️ DeGods: loans⬆️ floor⬇️ 1. Increase in Number of Borrowers ↘ 2. Over-leveraging: Borrowers take on more debt than they can handle, using NFTs as collateral. ↘ 3. Whale Activity: Whales dump their NFT assets. ↘ 4. Market Reaction: Floor prices start to drop due to the increased supply of NFTs in the market. ↘ 5. Panic Among Smaller Investors: Observing the drop and the actions of whales, smaller investors start to panic. ↘ 6. Actions by Panicked Smaller Investors: The small fish, who can't afford buying up collections, panic sell or suddenly don't want to pay back their loans, after seeing a whale sell. ↘ 8. The loans then liquidate in auctions, and often destroy the market. Azuki: loans⬆️ floor⬇️ Pudgy Penguins: loans⬆️ floor⬇️ We often witness a repeating pattern where: Major players offload assets, pushing NFT floor prices down, and then place new bids to harvest tokens. Lesser investors, who ideally should limit themselves to a single NFT, begin hastily selling or defaulting on their loans. So why is the market recovering at the moment? Thankfully, many of those who had taken out loans have exited.

Since migrations 2346 distinct DeGods NFTs have been traded of which more than 35 % were traded in past 7 days. The below chart show DeGods NFTs traded for the first the first time which peaked at 281 on 10th followed by 199 on 15th. Though its expected in a situation of dropping floor as many traders panick and tend to sell NFTs while some try to take advantage of the situation to make profits.

A bull market draws more people into Web3 and can completely alter its dynamics. Let's explore recent changes since bearish fears vanished. Daily ETH burned increased more than 250% , clearly indicating the activities have grown massively on Ethereum in past few days. The L2 revenue has shot up by nearly 200% highlighting the rise in daily usage. AAVE the leading lending an borrowing platform saw a 20% surge in TVL on Ethereum in past 7 days. The jpegs market has also grown at a rapid pace in past few days. We've seen substantial growth across various sectors, including Dexes, Staking, Derivatives, Services, and Yield. Without a doubt, if the bull run persists, blockchain activity will surge, drawing in new participants, generating job opportunities, and positively impacting the entire market. The funny part is everything is currently dependent on Bitcoin gaining more momentum with Spot ETF approval and Halving.

The best guide to understanding the current Layer 2 ecosystem🧵👇

More than 5,000 Y00ts have transitioned from Polygon to Ethereum. ~ 40% of addresses have made the shift from Polygon to Ethereum.

~Are Web3 Memes Utility~ 🎤 Before reading, I would like to mention if you are missing the PUMP & DUNK show, you're missing out big time! >> In an age where people prefer to consume information more swiftly, memes serve as a means to attract people to your project and capture their hearts rapidly without making them read long-form technical whitepapers. >> Crypto communities that spend all the time discussing their whitepapers,  codes they need to implement, next product, etc. are usually boring and often fail to gain traction. While these discussions are critical for the growth of your project, they appeal only to the logic of people. >> Memes are what turn on the emotional part of your community. People apply both logic and emotions in all they do and if you fail to appeal to both you'll struggle to win them over. Memes : 1/ possess a unique ability to convey complex ideas with humor and relatability, making them powerful communication tools within the Web3 community 2/ possess the extraordinary ability to rapidly go viral, extending their reach far beyond a sphere 3/ allow projects to break away from conventional marketing tactics and engage with users in a more organic and genuine way. Thanks @wabdoteth for giving us your valuable time.

BAYC floor price is up by 3 ETH in past 48 hours. Here is all you need to know👇 In past 48 hours: 1/ 81 organic transactions happened done by 66 buyer and 60 seller addresses. 2/ 60 different NFTs were traded. 3/ 12 wash trades were observed mainly via 3 tokens : 5521, 2752, 1012. 4/ Address involved in wash trades were 24e7a0, fe42a5, 5c7656, bc3ac1, 95921d, e47e1a, 73d30b. 5/ Floor went from 23.2 ETH to 26.2 ETH. 6/ Highest sale was 87 ETH for token_id 8295. 7/ 175 new loans were taken during this time by 82 borrower addresses given by 88 lender addresses. 8/ Avg loan amount taken was 15.4 ETH. Conclusion: Floor seems to rise with genuine trades , unlike a single person coming and sweeping the floor. Amount of loans taken is also not very high which is again a good sign.

GM everyone, "The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell." What are your thoughts?

Data is the truth mate

Gm Gm beautiful souls, Remember : In Web3, it's all about lending a hand and growing together! 🌿 Let's innovate and build a brighter future for everyone!

Over the past 7 days, BTC transactions comprised 61% non-ordinal, 29% BRC-20, and 10% non-BRC-20 ordinal. Month-on-month : Non-ordinal tx dipped 1.2% to 8.63M BRC-20 tx 403% to 6.96M 📈 Non-BRC-20 ordinal tx rose 186% to 0.99M.

The popularity of Friends.tech is skyrocketing. You won't believe these stats🤯👇

Zo Zo Zo -@PHKxZo

ERC-6551: A Game-Changer for the NFT Space I am sure you don’t want to miss this🧵👇

The total number of BTC transactions in May has surged by an impressive ~ 168% compared to the transactions observed in March. Total BTC Transactions in March : 9.8M Total BTC Transactions in April : 10.4M Total BTC Transactions in May : 16.6M

GM GM everyone🫶, Here are three cardinal rules than can change your life. 1/ Surround yourself with people whose eyes light up when they see you coming. 2/ Slowly is the fastest way to get to where you want to be. 3/ Top of one mountain is the bottom of other so keep climbing. Have a wonderful day ahead. These learning were shared by @Andre_DeShields

We have witnessed a remarkable month-over-month (MoM) increase of ~ 403% in the number of BRC-20 transactions. @BRC20Coins @TO BRC-20 transactions in previous month : 1.38M BRC-20 transactions in this month : 6.96M

"One hour with a wise man is worth a year's study." @moolah lets you tokenize your time! Create unique experiences where fans can buy and sell minutes of your time. As you provide more value, your time's worth naturally increases. Recently, time. fun is making waves with over 56.71k minutes traded, over 850 creators tokenizing their time, and a total of 10k transactions. Multiple Ways to Earn ETH : 1. People trading your time 2. People redeeming time with you 3. Referring users to time.fun So far the total fees collected are: ● Creator fees: 8.57 (Ξ) ● App fees: 7.09 (Ξ) ● Shareholders fees: 1.09 (Ξ) ● Referral fees: 0.08 (Ξ) You can check individual stats here : @blknoiz06 has over 1100 minutes (~18.5 hours) of their time purchased with over 150 Ξ in volume. @0xKawz has over 800 minutes (~13.5 hours) of their time purchased with over 38.5 Ξ in volume. @mert has over 550 minutes (~9 hours) of their time purchased with over 9 Ξ in volume. @wallstreetbets has over 300 minutes (~5 hours) of their time purchased with over 10 Ξ in volume. @tier10k has over 300 minutes (~5 hours) of their time purchased with over 13 Ξ in volume. @DefiIgnas has over 114 minutes (~2 hours) of their time purchased with over 0.2 Ξ in volume. So far, only 60 minutes of creators' time have been redeemed. We hope to see this grow rapidly as creators continue to provide valuable experiences to the community. We've been experiencing net positive daily volume every day since launch, and we expect these numbers to spike soon. The highest total volume so far in a single day is 230 Ξ (~ $805k). The beauty of these products is that they create a win-win situation for everyone involved. They bring people on-chain, allowing creators to earn fees, traders to make profits, and apps to generate revenue. Base earns fees, and Optimism gets a share of the revenue from Base. Transactions are settled on Ethereum, which burns more ETH and pushes it towards deflation. Book time with your favorite creators and gain invaluable insights! I’d love to hear your thoughts and suggestions on what more you'd like to see. Share your ideas, and I'll add them to my dashboard.(dune.com/blockintel/timefun) Tagging friends who might find it valuable: @andrewhong5297 @hmalviya9 @0xKofi @0xBoxer

@BRC20Coins @srinigoes @dvcoolster @Samuraizann @BhandEth @ziriuszz @kushalkahinka @BitGod21 @BRC20daily @alienee_ny74 @brianbhargav @vxvproh @cricap17 @surajchopra @CrypticLoganbtc @dao_times @ShavindaAnupama @goof_eth @0xmukhiya @0xmodiji @pofunder @OnChainTech @AjinkyaWeb3 @A_VIRAL_FEVER @vyzen_eth @Zo_Zordian @0xsindbad @GKHODL @unisate_wallet @bitcoinnews @Bitcoin_Pandas @ordinalscouncil @OrdinalsMarket_ @EverythingOrd

~L2's will be one of the biggest reasons driving ETH price up~ Let me explain in simplest way how will this happen. We have seen that for every transactions that happens on Ethereum some ETH is burned. Every day, a certain amount of ETH is created and given as rewards to validators. These rewards serve multiple purposes, such as covering their electricity costs and providing incentives to continue validating transactions on the network. So one way we are burning ETH and on other side we are minting more ETH. 19 Sep ETH circulating supply = 120.226879 M 19 Oct ETH circulating supply = 120.264741 M Total increment = 37.8K Total rewards to validators = 67.8K In past 30 days ETH burned = 30K For supply to keep reducing ETH burned > ETH rewarded to validators. Now we know L2's settle their transactions on L1 which means ETH will be burned in these settlements as well. zkSync Era alone contributed more than 1K ETH in this. Followed by Arbitrum around 572 ETH. There are currently more than 30 L2's currently and many more to come. Each of them contributing to ETH burning. It's clear the more L2 activity happens more transactions will settle on Ethereum which means more ETH will get burned . Since 1 year the ETH supply has reduced by 0.256M. L2 activities ⬆️ = L2 settlement on L1⬆️ = ETH burn⬆️ = ETH circulating supply⬇️ ETH circulating supply⬇️ with 📈 demand = ETH price ⬆️ The rise in ETH price is essential as it will always attract more validators which in turn make Ethereum more decentralised and safe. The number of validators have increased by over 72% this year🤯. This is a key factor that highlights Ethereum's robust self-sustainability model, which some argue is even stronger than Bitcoin's. This is almost a bear market scenario , the bull market will surely make ETH burn faster.

Onboarding new users is a vital engine of growth for any emerging technology. It's not merely about increasing numbers; it's about infusing fresh perspectives, ideas, and energy into the community. In Jan 2022, the NFT community welcomed a record 220k new users, marking a peak in engagement. This momentum gradually waned, resulting in a drop to just 23k newcomers by July 2023, highlighting the declining interest in the NFT space. The success story of iOS after its launch is a prime example. When Apple opened up the iOS platform to developers and users, it sparked a revolution in mobile technology. Developers around the world began to create unique applications, and users were quick to adopt them, fostering a thriving ecosystem. This continuous influx of new users and developers led to the exponential growth of the platform, driving innovation, and setting new industry standards. In NFT space, a similar approach can lead to more robust, diverse, and dynamic communities. Embracing new users ensures that fresh ideas are always flowing, collaboration is enhanced, and the technology continues to evolve and mature.

Over 195 million addresses have joined the Ethereum network, with more than 120 million holding a positive ETH balance. Considering an average of 5 address/person. That's an estimated 24 million individuals with Ethereum wealth > 0 . Ethereum's adoption? Around 40 million people have been onboarded just by Ethereum.🚀 And 60% of all addresses hold ETH in the 0-0.1 range. Thanks @dvcoolster for giving the idea behind this analysis.

DeGods Season III is just around the corner, and the excitement is building in the community. The numbers reflect this positive momentum: 1/ A mere 150 NFTs exchanged hands over the past week. 2/ The volume has seen only a modest uptick, which aligns with usual trends. 3/ Similarly a small rise in amount of NFT listed is observed. Rooting for something good🤞

~Understanding the NFT Market with the 80-20 Rule~ Have you heard of the 80-20 rule? It's also called the Pareto Principle. It means that often, 80% of results come from just 20% of actions. By analysing yesterday's data we see that in the world of NFTs: 🔹 The top 25 collections make up 20% of total sales, yet they command a staggering 82% of the entire market volume! 🔹 Breaking it down: These 25 collections represent 3k out of 15k sales, amassing 15.1M$ out of 18.3M$ in total market volume. So, why should we care about collections like DeGods, Pudgy, Azuki, and BAYC.........? 🌟 They Set the Standard: These collections show what's possible in the NFT world. They set high standards, which others aim to match or exceed. 🚀 They Inspire Others: When new artists and creators see the success of these big names, they get inspired to bring their own unique ideas to life. 🤝 Trust & Reputation: These top collections have earned people's trust. When they do well, they make the whole NFT space look good. This helps attract more people to buy, sell, and create NFTs. 🌱 Growth & Innovation: Their success means more money and attention in the NFT world. This can lead to better platforms, tools, and opportunities for everyone. In short, for the NFT community to grow and thrive, we need these top collections to do well. They're like the guiding stars of the NFT universe! 🌌

The number of daily NFT traders on Ethereum is showing an upward trend. #ethereum #NFT What could be the underlying reasons for this trend? I'm eager to hear your thoughts and perspectives on this matter.

I have quickly prepared results for you my friend. Azuki floor = 7.5 buyers with buy >= 7.5 are 6043 (underwater) buyer with buy < 7.5. are 2403 Degods floor = 10 (more holders in profit) buyers with buy >= 10 are 115 (underwater) buyer with buy < 10 are 320 Captain floor = 5.8. (more holders in profit) buyers with buy >= 5.8 are 1339 (underwater) buyer with buy < 5.8 are 1667 BAYC floor = 34.6 buyers with buy >= 34.6 are 4955 (underwater) buyer with buy < 34.6 are 4201 Congrats @ghost93_x all your guesses were right I have removed wash trading from my data set so the results are realistic.

Gm Gm everyone, Have a great day ahead How is my DeY00t look?

"Flooring Protocol aims to have a 10% - 30% supply of every collection." Flooring Protocol (FP) currently holds a diverse collection of over 5,000 NFTs in its vault. Notably, Azuki Elementals makes up a significant portion, contributing around 8.5% to the overall Elemental collection. Flooring Protocol's mission is to talk DeFi to NFT people and talk NFT to DeFi people. Flooring Protocol (FP) consistently achieves an average daily trading volume of 3.9M$, reaching remarkable peaks that contribute up to 35% of the total NFT market volume. μBAYC continues to hold its position as the most valuable token, with each μBAYC being valued at approximately $0.055. The phrase "thanks @FLC_FlooringLab for bringing me into the @y00tsNFT community!" is poised to become a widespread expression as Flooring Protocol continues to gain prominence.

Ever wondered how many genuine art enthusiasts or community members stand firm during intense FUD periods? Here are the statistics for your insight: The floor price for Azuki began to decline after June 23, dropping from 16.5 on that date to 8.5 by June 28. The dip continued until July 3, reaching a low of 5.5. Let's make it more interesting: The number of NFTs bought between 28 Jun - 3 Jul and never sold to date is 387. The number of distinct buyers who bought these 387 NFTs was 154. Also, the number of NFTs never sold after mint to date is around 7%. Analyzing FUD time for Captainz which was almost at the same time as Azuki : 1/ 270 NFTs bought which are unsold to date. 2/ 150 distinct buyers purchased these 270 NFTs 3/ Total number of NFTs never sold after mint to date is around 46%. Note: DeGods stats will be out in a few weeks due to apparent reasons. The purpose of this post is to highlight the numbers only.

Ethereum currently processes 1.2M daily transactions. Around 40% of these are ERC20 transactions which includes token approvals , transfers , dex trades etc. If we look at dex trades , they are about 15%. NFT transfers includes are 5-6%. The L2 settlement transactions from chains like Arbitrum,Optimism accounts < 1%. Despite a bear market and people leaving the space , we haven't seen a big drop in ethereum transactions. Correcting the notion that Ethereum transactions have decreased is essential. In reality, when we consider Layer 2 (L2) transactions, it's evident that the entire Ethereum ecosystem has expanded significantly in recent months. The truth is that the ecosystem has scaled up, and L2 solutions are welcoming a growing number of participants alongside the Ethereum network. L2 growth is great for Ethereum! When more stuff happens on L2 (like transactions), it's like using up more ETH. And when we use up more ETH, there's less of it around, which can make the price of ETH go up. So, growing L2s are like a bonus for Ethereum!

Currently, 85% of Azuki NFTs are trading below their purchase price. They are closely followed by MAYC at 73% and Beanz at 70%. On a brighter note, only 11% of Milady Makers are underwater! Breaking it down: 14,121 MAYC, 13,949 Beanz, and 8,481 Azuki NFTs are facing the tide 🌊. Meanwhile, only 1,105 Milady Makers are submerged. Quite the twist! A key reason for the price drop is that NFTs, by design, aren't suited to be like these low-value coins - they're costly to trade, pricey per item, and come with royalties. We turned NFTs into these coins, leading to waning interest. NFTs always shined as collectibles, a form of "digital showcase." Yet, we stripped that essence in the name of "progress" and "evolution" in the domain. Note: DeGods and Y00ts data of % might be skewed due to migration so for reference you can view number of NFTs underwater.

🏦 When it comes to Ethereum holdings, Binance stands out as a prominent player. Excluding the beacon chain, Binance boasts the largest ETH balance among major exchanges, solidifying its position as a significant custodian of this valuable digital asset. #Ethereum #Binance

Base is quickly rising as one of the top Layer 2 networks. But what exactly are people doing on Base? 🧵👇