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Health, Wealth, and Happiness

May 17, 2024

"God doesn't require us to succeed; he only requires that you try."

- Mother Teresa

Howdy, investors!

Sectors are like superpowers because they help you see categories within the blockchain industry – a kind of X-ray vision. Learn how this superpower gives you insights into which companies will win each crypto sector.

S&P Global Rankings believes tokenizing real-world assets (like US treasuries) can improve efficiency for investors and asset managers.

A new report from Staked shows that the staking ecosystem saw vast improvements in the first quarter of 2024. As we've seen, there are rewards to be had in the staking market.

Solana has had much recent success in attracting developers from other blockchains, particularly Ethereum.

Read on!

The Power of Sectors for Blockchain Investors

by John Hargrave

Many people buy crypto without knowing what the company does. This is like buying a stock

because your bookie recommended it.

Savvy stock investors research the underlying company, and

smart crypto investors do the same.

The chart to the right resembles the "concept of business sectors" in the traditional stock market. This approach is just as valuable for crypto investors who learn to wield this superpower.

Today's feature explores just what it means to use this power.

Click and learn the "Superpower" of sectors in crypto >>

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Level up your crypto investing game.

New Risk Scorecard: Immutable (IMX)

Immutable is a project within the Ethereum ecosystem focused on providing

solutions for web3 gaming.

Like much of the crypto market, the native governance stolen (IMX) has been under pressure since mid-March, taking it more than 40% below its March high. However, the token still has a 175% gain over the past year.

With that kind of price rollercoaster, a simple question remains: Is IMX a safe investment?

Our analysts put Immutable's IMX token through our industry-leading Blockchain Risk Scorecard to determine what risks investors in the token might face.

Premium members can download the Immutable Risk Scorecard here to learn what our analysts say about investing in IMX.

Not yet a Premium member? Sign up now to access our complete library of tools to make you a better crypto investor.

Must Read

Today's most important stories for crypto investors.

S&P Global Rankings Urges Asset Managers To Embrace Tokenization

(The Defiant)

This report from S&P Global highlights the growth of tokenized treasuries, with BlackRock's launch of a large fund accelerating this trend. These digital tokens offer benefits like 24/7 access and easier collateral use than traditional assets. However, it notes that challenges include regulations and connecting existing financial systems with blockchain technology.

State of Staking Q1 2024

(Staked by Kraken)

Driven by a slight uptick in the staking reward rate and market cap growth, the value of staked assets increased by an impressive 61% quarter-over-quarter and 253% year-over-year. Q1 2024 was also the first time in the past nine quarters that the average staking reward rate increased. Both metrics are positive developments for the staking ecosystem. Check in with us regarding our ongoing coverage of staking rates.

ETH’s DeFi Scene Eyes Solana

(Bankless)

After a rough patch, Solana's native projects are thriving, attracting users with airdrops, memecoins, and a robust ecosystem. This success now attracts established Ethereum projects like Aave and GMX to deploy on Solana through tools like Neon EVM. This is sensible, as applications should prioritize user base and activity over unquestioning loyalty to a single blockchain. Developers who deploy on multiple chains, like Ethereum and Solana, are best positioned for success in the uncertain future of crypto.

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Chart of the Day

Layer-1 Monthly Active Users

Layer-1 (L1) blockchains provide basic infrastructure and security for the crypto ecosystem, enabling the building of secondary blockchains and applications.

While bitcoin (BTC) and Ethereum (ETH) are often mentioned as the biggest L1 blockchains, the data shows a different picture.

Tron (TRX) and BNB Chain (BNB) have the most users. Polygon (MATIC) outpaces Ethereum, too. All three are smart contract L1s and can be considered direct competitors of Ethereum.

If you believe in the future of these smart contract chains, consider looking beyond Ethereum. Yes, it is considered the biggest and best now, but there are alternatives, and some show impressive use and growth.

ICYMI