OpenSea did $16B in trading volume (accounting for sales on both Ethereum and Polygon).

This is a 660x increase from OpenSea’s 2020 volume of $24M.

Goldman Sachs 2021 return scorecard for benchmark and thematic equity baskets. BTC on top of overall capital markets again in 2021.

LargeCaps put in even stronger performances but overall this shows TradeFi acknowledging crypto as an asset that is too large to ignore.

Cosmos, Solana, and Polkadot developer communities are quickly catching up on Ethereum making them the strongest competitors to the current L1 king.

Chainlink rallies 26% this week amid a price drop in the cryptomarkets over the weekend.

Coingecko’s Top 100 DeFi coins showing Chainlink to be the most traded DeFi token in the market.

OpenSea posted a new record for daily volume on Jan. 9 according to Dune Analytics, with $261M worth of NFTs changing hands.

Open interest to market cap ratio of ETH remains higher than BTC

The higher OI/Mcap ratio of ETH could indicate a higher demand for hedging or actively trading ETH, which might be caused by ETH holders having their funds locked in ETH 2.0
staking or other DeFi related projects.

Despite the recent market sell-off, on-chain analysis shows that we are still in a bull market given the current rate of illiquid supply.

When Illiquid supply rises, more BTC is being stored in personal wallets, and less BTC is being held on exchanges, reducing the total available supply that can be purchased at any given time.

Among chains with $5B+ in DeFi TVL, Fantom was the fastest growing the last 100 days.

Yet Ethereum still maintains a 71.4% market share in DeFi TVL among chains with $5B+ in total value locked

Here are the top 6 smart contract platforms by DeFi TVL as of today. As you can see, Ethereum is maintaining its huge lead.

On Thursday at 12pm PT / 3pm ET we will be presenting the webinar Crypto Investing for Institutions. If you'd like to join, please register at heartrithm.com/webinar.

Here is the latest DCF of Ethereum, showing that the fair value per Ether (ETH) should be $16,697 once staking rewards start in June 2022

You can do a DCF valuation of Ethereum since it uses its revenues to reduce supply (like a stock buyback) and soon by June 2022 after the PoS upgrade will use its revenues to provide cash flow to long term holders/stakers (like a stock dividend).

https://docs.google.com/spreadsheets/d/1_IqNzqm-_Jlk-cK4twQ-bzhJKrsOhrckdQA2isTwKRA/edit#gid=0

We're accumulating as much as we can at the current prices

Near Protocol and Cosmos have been the top performers in the past month amidst a gloomy market.

Other L1 projects either stayed flat or had a -20% to -40% drawdown since the 1st of December 2021.

Metis, an EVM compatible optimistic rollup, forked from Optimism’s Virtual Machine, doubled their TVL yesterday after Netswap launched its liquidity mining program.

The correlation between BTC and the S&P 500 Index has increased, as both risk assets were similarly affected by hawkish Fed comments.

The higher correlation signals an increase in the amount of institutional vs. retail money is in the crypto market compared to previous years.

Solana, Fantom, and Terra saw the biggest price appreciations last year with over 7,500% returns in 2021.

🎧 New Podcast Episode: This Week in Crypto: (Former SEC Chairman: Digital Assets Will Change Global Financial Infrastructure, PayPal Exploring Stablecoins, China’s Digital Yuan Wallet Goes Live)

https://anchor.fm/coinstack/episodes/This-Week-in-Crypto-Former-SEC-Chairman-Digital-Assets-Will-Change-Global-Financial-Infrastructure--PayPal-Exploring-Stablecoins--Chinas-Digital-Yuan-Wallet-Goes-Live-e1ctl19

OpenSea just surpassed 1M total users who have made at least one NFT transaction.

On-chain data shows that throughout January’s price slump, long-term holders have accumulated bitcoin after months of offloading bitcoin at the end of last year.

A rise in long-term holder accumulation could be a positive indicator for bitcoin price.

USDC has flipped USDT on Ethereum today.