Unchained On-Chain Analytics Show ETH Accumulation Is Greater Than That of BTC - Ep.264
Aug 17, 2021
In this engaging discussion, Richard Chen, a general partner at 1confirmation, and Fredrik Haga, CEO of Dune Analytics, delve into the Ethereum ecosystem's current landscape. They explore the surge in NFT activity driven by platforms like OpenSea, the importance of on-chain data for deeper insights, and the challenges Ethereum faces. The duo discusses the rise of DeFi, its user trends, and predictions for the future of NFTs and ETH. They also differentiate between Ethereum and Binance Smart Chain while sharing excitement for rollup technologies.
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On-Chain vs. Traditional Finance
- On-chain metrics reveal real-time data and economic activity, unlike traditional finance's delayed quarterly reports.
- This offers greater transparency and informational advantage in crypto markets.
Nexus Mutual's On-Chain KPIs
- Nexus Mutual founder, Hugh Karp, a former CFO, impressed traditional finance professionals with real-time on-chain KPI dashboards.
- These dashboards offer insights into metrics like active premiums and price-to-book, unavailable in traditional systems.
OpenSea's Explosive Growth
- OpenSea's mind-blowing NFT trading volume shows remarkable growth, exceeding $700 million in August alone.
- This surpasses previous highs, indicating immense interest and potential in the NFT market.
