This week, 2,370 ETH were burned, which is a 50% reduction compared to the start of May, and represents a burn rate of 18.4% of the minted supply.

This week's Coinstack newsletter is out:

https://coinstack.substack.com/p/this-week-in-crypto-the-luna-20-plan

Enjoy!

Top 10 #DEXs by the Past 30 Day Revenue

Coinbase Institute’s monthly insights report for May

https://assets.ctfassets.net/c5bd0wqjc7v0/gycMMHJJzrlBYI4zuiCXQ/aa25426f47d6574f7ce3474d3b82207b/Coinbase_Institute_Monthly_Report_-_May_2022.pdf

This week's Coinstack newsletter is out:

https://coinstack.substack.com/p/peer-the-web3-social-network

The difference between a Metaverse and a Virtual World per A16Z’s new web3 substack...

https://a16zcrypto.substack.com/p/crypto-summer

The Arweave weave has grown to over 65 TB of data; an impressive 8x increase since April 2021.

🎧 New Podcast Episode: Peer - The Web3 Social Network

https://anchor.fm/coinstack/episodes/Peer---The-Web3-Social-Network-e1jj6rb

Here are the Top 10 NFT Collections as of May 31 based on market cap and average sale price, per Kraken Intelligence.

Digital asset investment products saw inflows totaling $100M last week.

Regionally the flows were predominantly from the Americas, totaling $88M while European flows totaled just $11M, with year-to-date inflows of $570M and outflow of $41M respectively.

The weekly Coinstack newsletter is now out...

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

🎧 New Podcast Episode: This Week in Crypto: (The ETH Testnet Merge, The Lummis Bill, SEC Probe of Binance’s BNB Token)

https://anchor.fm/coinstack/episodes/This-Week-in-Crypto-The-ETH-Testnet-Merge--The-Lummis-Bill--SEC-Probe-of-Binances-BNB-Token-e1jo38a

DAO governance activity is exploding 💥. In the last year, we have seen:

• 8.8x in # of DAOs
• 8.5x in # of proposals
• 8.3x in # of votes

Optimism processed 490k+ transactions / day at peak

Web3 has secured two winning weeks in a row and ended this week with a return of 6.02%.

Despite the negative market sentiment, the number of wallets continuously grew through the year, demonstrating user's confidence in the
@Celo ecosystem.

🎧 New Podcast Episode: What a Week in Crypto - Celsius & 3AC

https://anchor.fm/coinstack/episodes/What-a-Week-in-Crypto---Celsius--3AC-e1k20os

Ethereum approaches 2.5M ETH burned since activating EIP-1559 312 days ago, roughly 2% of ETH’s circulating supply.

ETH is up big 19% today in the last 24 hours to $1140 after bottoming around $860 yesterday due to forced sales from liquidations.

Mirror gained over 7k writing NFT collectors since it launched publicly on May 25th.

Mirror allows you to mint your writing as a digital collectible and set a customizable supply and price for it. Writing NFTs are completely free for writers to create, and collection happens on an Ethereum L2 — making transactions inexpensive, fast, and environmentally friendly. And, like everything published on Mirror, Writing NFTs are decentralized and censorship-resistant.

https://dev.mirror.xyz/5gt60vKFJZ_tR1BjoJ7-Y0sNw7REebStHjzFU5x73J0?w