Since the start of the year, the L1 dominance lanscape has evolved a lot.

Here’s my in-depth research on the key structural changes in the L1 field since the beginning of the year.

PS: Don’t forget to subscribe to my newsletter, if not yet ❤️

Before Vitalik publicly announced that he’s not joining new funding rounds, he invested not only in MegaETH but also in Rise.

Here’s everything you need to know about Rise, the first gigagas L2.

Grayscale Research has released a list of the top 20 assets they believe have high potential in Q4 2024.

You can read the full report on the assets by link.

Volumes on various DEXs peaked in March this year and are now fluctuating between $20-$25B per week.

This figure remains up 100% year-over-year.

Currently, Ethereum’s primary use case is DEXs, with Uniswap consistently leading, accounting for over 90% of transaction fees.

Source: CoinShares

Found some insightful data on Web3 startup success rates in the Lattice Fund report.

On average, only 2.1% of startups that raise funds achieve product-market fit (i.e., become very successful).

Meanwhile, 17.8% of startups that raised funds in 2022 are no longer active.

PS: The report analyzes over 1,000 companies that raised seed rounds in 2022 and their subsequent traction.

Report link

Liquid staking tokens took the lead in average holding value per wallet in Q3 2024.

Full performance statistics on narratives during this period are available on the TK Research dashboard.

Sometimes my Web3 marketing backgrounds makes me write posts on engagement, community building and user acquisition.

I’m in exactly that mood today, so if you’re on the team side of Web3, here’s my list of 6 things marketers should stop doing to help their companies prosper.

Good for edu purposes as well 😄

In Q3, NEAR Protocol averaged approximately 3.1 million DAUs, up from 1.6 million in Q1.

This translates to a Q3 average of 22.9 million MAUs, up from 13 million in Q2.

As everyone calculates their $EIGEN allocations, it's time to see which protocols rewarded their users most effectively.

I've created this infographic as a reference.

Shared more thoughts re this on X.

AAVE's TVL on Ethereum reached $10B by the end of September.

This milestone represents a remarkable 197% increase from its $3.36 billion starting point at the beginning of the year.

Another week with new research for you ✨

General
➖ 4pillars: Next-Gen Layer 1 Tokenomics: Three Pillars for the Token Flywheel
➖ Coinbase: Weekly: Takeaways from Token2049
➖ Galaxy: Ethereum All Core Developers Execution Call #197 Writeup
➖ Galaxy: Weekly Top Stories - 9/27

Market
➖ Glassnode: Higher High
➖ Galaxy: Bitcoin’s Path to Mainstream Following SEC ETF Options Approval
➖ Galaxy: How Crypto Lending Behaves in a Falling Interest Rate Environment

Blockchains & networks
➖ 4pillars: Is the Era of Purpose-Built Blockchains Coming?
➖ 4pillars: Solana Mega Report V2 - Like Apple, but Unlike Apple
➖ The Defiant: Peeling the Bitcoin Layers: What are L2s and Who Needs Them?

Tokens & currencies
➖ CoinGecko: Ethereum and Tron Dominate Stablecoins With 83.9% Share, Valued at $144.4 Billion