I am now back in the USA for the next 2-3 months... For those in the USA, here’s an invitation to join me in person next weekend for a 4 day summer camp for entrepreneurs and leaders at the 145 acre Everland Retreat Center near Denver, Colorado.

http://bit.ly/summercampinvitation

It’s a group of 30 heart-centered entrepreneurs and leaders (and some crypto enthusiasts too) glamping together for 4 days at a beautiful retreat center. Send me a Telegram if you have any ?s. 👍💛

Today I am writing this week’s Coinstack issue. What topics would you like me to write about this week?

Token terminal launched PE ratios this week... here are the current best value investments based on their price to earnings ratios...

You can see the live data at:
https://www.tokenterminal.com/terminal/metrics/pe

Protocol revenue is revenue that flows to token holders either directly via cash flows to holders or indirectly via using the profit to buyback and burn token supply.

EARLY EDITION: Here is the early edition of this week's Coinstack newsletter as a Google Doc -- just for our telegram subscribers.

https://docs.google.com/document/d/1B8MPc6cOC0waKyfz3JsYWcYS7NRzR3t_vQA77Z5xy0A/edit#

In this issue:

1. DeFi Is Eating All of Traditional Finance
- The 2020s: All of Finance Being Rebuilt On Smart Contracts
- The Huge Promise of DeFi
- DeFi is Already Winning in Payments, Lending, & Exchanges
- The FAANG vs. UMACS Trade (Uniswap, Maker, Aave, Compound, Sushi)
- Institutional DeFi Is Now Here via Compound Treasury and Aave Pro
2. Token Terminal Launches The PE Ratio (Axie & QuickSwap Winning)
3. Ethereum Is Winning the Smart Contract Wars: The Latest Data
4. How to Avoiding Crypto Scams by Masha Prusso
5. Coinstack Podcast Episodes
6. A Good Long-Term Crypto Portfolio
7. Tuesday Crypto Community Calls
8. Join Our Telegram Group
9. Who We’re Following Closely on Crypto Twitter
10. How to Get Started in Crypto Learning

Here is the weekly Coinstack newsletter... 👀

https://coinstack.substack.com/p/the-decade-of-defi-is-here-what-you

NEW COINSTACK PODCAST EPISODE: 🎧🎧
The Decade of Defi: What You Need to Know

https://anchor.fm/coinstack/episodes/The-Decade-of-DeFi-What-You-Need-to-Know-Uniswap--Maker--Aave--Compound--and-Sushi--Institutional-DeFi-e14gjjo

Quarterly DEX (Decentralized Exchange) trading volume reached $404B in Q2 2021, up by 83% from the prior quarter with Uniswap, PancakeSwap, and Sushi leading the way. DEX trading volume is up an incredible 11,751% year over year (not a typo).

Messari recently analyzed the portfolios of the top 44 crypto hedge funds and found that Polkadot (DOT) was the most held crypto asset, followed by Terra, Near, Oasis, and Solana.

I’m sitting down to write this week’s Coinstack newsletter here in Seattle. What topics do you want to hear about this week?

Here is this week's Coinstack Newsletter... EARLY EDITION as a google doc just for our Telegram subscribers...

https://docs.google.com/document/d/1HFYSFLh-5vLLCu0J8FG1KSrNvpRF1r0JrS7oadSilC0/edit#heading=h.9xfed8i8qruk

Covered This Week:
This Week in Crypto
Crypto News Recap
Crypto Fundraises
Best Crypto Podcasts This Week
Messari Q2 2021 DeFi Research Report Highlights
An Analysis of Stablecoins & CBDCs: The Hottest Topic in D.C. This Week
Coinstack Podcast Episodes
A Good Long-Term Crypto Portfolio
The Coinstack Alpha Fund
Wednesday Crypto Community Calls
Join Our Telegram Group
Who We’re Following Closely on Crypto Twitter
How to Get Started in Crypto Learning

Here is our weekly newsletter -- live on the web -- please pass along to your friends and colleagues:

https://coinstack.substack.com/p/this-week-in-crypto

What are the best places to get higher yield on stablecoins in DeFi? Curious what you are all using right now and if there’s anything beating Nexo’s 10% on USDC.

We have two new Coinstack Podcast Episodes for you this week:

🎧 This Week in Crypto - https://anchor.fm/coinstack/episodes/This-Week-in-Crypto-SpaceX--Stablecoins--CBDCs--Digital-Euro--EIP-1559--Uniswap--Inflation--FTX--Revolut--OpenSea-e14tq54

🎧 The Future of Money: Stablecoins & CBDCs - https://anchor.fm/coinstack/episodes/Stablecoins--Central-Bank-Digital-Currencies---The-Hottest-Topic-in-D-C--Last-Week-e14v2or/a-a1ptlh

Thanks for listening and being part of the Coinstack community!

Anyone know the cause of the $5k increase in BTC today? $110M of BTC shorts were liquidated in ten minutes a few hours ago. Seems like a major buyer came into the market a few hours ago.

Here is an incredible new article from Electric Capital on how to think about valuing Ethereum...

https://medium.com/electric-capital/from-digital-oil-to-a-digital-nation-narratives-for-ethereum-in-2021-1ae86ad73dae

Good to see BTC passing $40k just now... up 31% in the last week.

Now, can it hold above the $40k level for the next week? That’s the real test.

Good to see we just passed 1,700 Telegram subscribers. I am sitting down to write this week’s Coinstack newsletter on the plane from Seattle to Raleigh. What topics would you like to hear more about this week?

Best crypto podcast I’ve heard this month... Delphi interview on DeFi venture investing with Santiago Santos from Parafi Capital

https://podcasts.apple.com/us/podcast/the-delphi-podcast/id1438148082?i=1000529816972

Some quotes:
“Working in crypto is a ton of fun. I always come back to crypto because the smartest guys are here, it’s the hardest problem, and it’s leading to the most powerful social and economic transformation since the industrial revolution.” - Santiago Santos from Parafi Capital

When talking about Ethereum and Solana he said...
“It’s going to be a multi-chain world. It has to be. Gaming, NFTs, DeFi... There are different types of applications that are better suited for different protocols.” - Santiago Santos from Parafi Capital

“Visa is settling with USDC on Ethereum—they don’t want the egg on their face. Security becomes super important for the big players... Most of the users are on Ethereum. Most of the developers are on Ethereum. And it has the highest security.”
— Santiago Santos from Parafi Capital