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ROLLUP: Optimism, Layer 2 Summer, Axie Infinity, ETH Documentary, Space Jam NFT (2nd Week of July)

Jul 16, 2021
Dive into the latest buzz in cryptocurrency, showcasing the growth of decentralized finance and the challenges facing DeFi users today. Discussions include the impact of Bitcoin and Ethereum's price movements on the market, innovative Layer 2 solutions like Optimism, and exciting developments with Uniswap. Explore the ethical dilemmas of DeFi governance and how major franchises are embracing NFTs. Plus, celebrate MetaMask's milestone and delve into the future possibilities of crypto amid rising institutional interest.
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INSIGHT

Ethereum's Settlement Value

  • Ethereum is on track to settle $8 trillion in 2021, exceeding PayPal's volume.
  • This growth in on-chain activity is a strong bullish indicator despite the current price.
ANECDOTE

Axie Infinity Growth

  • Axie Infinity's market cap grew from $250 million to $1.5 billion in one month.
  • Buying AXS tokens in November 2020, when the market cap was $7 million, would have yielded massive returns.
INSIGHT

DAO Participation as Resume

  • Active DAO governance participation builds your on-chain resume and digital reputation.
  • Websites like deepdow.io highlight top contributors, showcasing the importance of DAO involvement.
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