Health, Wealth, and Happiness |
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| "Perfection is not attainable, but if we chase perfection we can catch excellence."
- Vince Lombardi |
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| Howdy, investors!
The new Ethereum upgrade is live! Code-named "Dencun," we think it's great for ETH investors, but not so great for L2 investors. Here's why.
Binance has spun off Binance Labs, the company's $10B VC arm. This is one of the biggest moves so far by new CEO Richard Teng. More below.
Voters are increasingly attracted to crypto, and crypto policy could become a decisive factor in future elections. Here's what you can do.
Read on to explore more! |
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Ethereum’s Dencun Upgrade: The Investing Opportunities by John Hargrave |
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| The latest Ethereum upgrade – code-named Dencun – was a success. That in itself is cause for celebration. The Ethereum software is large and complex, and the fact that the developers continue to roll out new code, with minimal downtime and drama, is a major technical victory. If you try to understand what Dencun actually does, though, you’ll fall down the rabbit hole of confusing technical terms like “Proto-Danksharding” and “data blobs,” which sound like they escaped from a cyberpunk novel. As usual, I’ll simplify it for you. The Ethereum Dencun upgrade will help lower the cost of transaction fees on Ethereum (ETH) – specifically, on Layer-2s like Arbitrum (ARB) and Optimism (OP). This is great for ETH investors, but not so great for L2 investorslike ARB and OP. Here’s why. |
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Blockchain Book Club: Read Write Own by Chris Dixon
Join us this Wednesday, March 20, at 6:30 PM EST to discuss Read Write Own, Chris Dixon's exciting new book. |
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| If you've followed a16z crypto's Chris Dixon, you know he's one of the industry's smartest and most thoughtful voices.
Join us to discuss his new book, Read Write Own, where you'll learn:
The current state of the internet and the challenges it faces. How blockchains and Web3 can decentralize control and empower users. The potential for a new era of innovation and entrepreneurship. What this means for creators, consumers, and the future of the web.
Whether you're blockchain-confident or blockchain-curious, this discussion is for you! Our book club gatherings are friendly and informal, perfect for sharing your thoughts and learning from others.
Don't forget to grab your copy of "Read Write Own" and come ready to discuss! (You can find it on Amazon, Audible, or your local library.)
Premium members: Register to attend online and reserve your spot.
Not yet a Premium member? Sign up here and join the discussion! |
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| | | Must Read Today's most important stories for crypto investors. |
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As discussed in today's column, the "Dencun" Ethereum upgrade will boost the performance of Layer-2 networks like Arbitrum and Polygon by reducing transaction fees. While lower fees could impact revenues, they should also help increase user adoption for Ethereum, creating stronger revenue streams and investment opportunities in the long term. |
| Binance Labs, the venture capital arm of the cryptocurrency exchange Binance, has become independent, separating from the wider Binance group. This change occurred under the new leadership of CEO Richard Teng.
Binance Labs, led by Binance co-founder Yi He, has invested in approximately 250 projects, with assets currently valued at over $10 billion. This means there's a solid channel of funding for promising projects on BNB Chain -- good news for BNB investors. |
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| A recent poll by Paradigm and Public Opinion Strategies reveals that American voters are increasingly interested in cryptocurrency, with 19% having bought crypto and 69% dissatisfied with the traditional financial system.
Crypto holders are emerging as a swing vote demographic, with their support shifting from Biden to Trump. The takeaway: If you believe in crypto, if you invest in crypto, you must let our politicians know you care. |
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| | | ICYMI In Case You Missed It |
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| Chart of the Day Most Growth in Active Daily Users (12 Months) |
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| You know that we love active daily users. Seeing a project with a large user base typically proves the quality of the project -- like customers of a traditional company.
Another way to look at this metric is through user growth. Projects that see rapid user adoption can often be good investing opportunities.
In this chart, zkSync Era stands out as the fastest-growing project by DAUs, by far. As a Layer-2 solution (see today's column), much of its 6,000,000% growth (!) could be driven by airdrop farmers hoping for an eventual ZKS token.
While difficult to see in the chart above, there were other huge winners. The well-known DEX PancakeSwap (CAKE) saw a 29,050% increase, highlighting the continued popularity of on-chain trading.
But it's liquid staking platform Ether.Fi, with a 9,777% increase, that may be the most interesting to investors: if you're interested in owning some, you can now farm ETHERFI tokens on Binance Launchpool. |
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| Daily Active Users let you see right through the marketing hype. (Thanks to @aidogecrypto) |
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