Health, Wealth, and Happiness |
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| "You have chosen the wrong path if it's not fun. And you are probably not taking enough risk if it's not hard and rocky sometimes."
- Marc Benioff |
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| Howdy, investors!
- Total Value Locked (TVL) can be compared to Assets Under Management (AUM) in traditional markets and helps show user trust and confidence in a project. See our rankings of top crypto companies based on TVL.
- Do you think the SEC should have a say in which cryptocurrencies you can invest in? Or is it time for them to end their war against the crypto industry? Check out Anthony Scaramucci's new op-ed.
- Ever wonder how much bitcoin you'll need to retire? A full BTC, just 0.1 BTC, or even less? Coinbase looks at a Bear case, a Realistic case, a Bull case, and a Moonshot case for retiring on bitcoin by 2030.
- The Base chain continues to dominate the Ethereum Layer-2 scaling ecosystem, leapfrogging past OP Mainnet and rising to $8 billion in TVL.
Read on to explore more! |
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Top DeFi Projects by TVL by Preetam Kaushik |
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| One of the best ways to find great crypto companies is to measure Total Value Locked, or TVL.
Not all projects have Total Value Locked: only those with the ability for users to store money in the crypto protocol in return for some reward. For example, a lending protocol where users can “lock” their crypto to be lent out to other users and receive a reward token in return.
Think of Total Value Locked as the money held by a bank or the Assets Under Management of an investment company. Generally speaking, more TVL = a more trustworthy project, especially if that amount has grown over time.
Conversely, a weak or declining TVL is like a bank without much cash: staying away is best.
In today's feature, we’re unpacking the top crypto companies by TVL.
Read on to learn which DeFi projects are holding the most TVL >> |
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| Premium Power-Ups Level up your crypto investing game. |
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New Risk Scorecard: Ronin (RON) |
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| Ronin is a Layer-1 blockchain explicitly designed for the Web3 gaming ecosystem, providing scalable and low-cost transactions. Its native token, RON, serves as the network's utility token.
Over the past 52 weeks, RON has increased by an impressive 230%, thanks to renewed interest in blockchain gaming.
Given the market momentum, is RON a sound investment? Or are there risks not being priced into the token at this time?
Our analysts ran the RON token through our industry-leading Blockchain Risk Scorecard to provide Premium members insight into RON's risk.
Premium members can download the Ronin Risk Scorecard here to learn what our analysts say about investing in RON.
Not yet a Premium member? Sign up now to access our complete library of tools to make you a better crypto investor. |
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| Must Read Today's most important stories for crypto investors. |
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In this op-ed by former White House Communications Director Anthony Scaramucci, he argues that the SEC has pushed an anti-crypto agenda that is putting the U.S. significantly behind its global peers. There must be honest regulatory reform and good faith engagement between regulators and the industry (as we've been saying for the last several years). |
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How much bitcoin would you need to retire comfortably by 2030? This opinion piece gives four different price predictions for bitcoin by 2030, suggesting it could be anywhere from 0.35 BTC to 16 BTC. While the real answer is "it depends," this is an interesting piece to get you thinking about retiring on your BTC bags. |
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Base, the Coinbase L2, has surpassed $8 billion in total value locked (TVL), overtaking Optimism, and becoming the second-largest Ethereum scaler after Arbitrum One. It also recorded the highest on-chain profits among L2s. Analysts predict that L2 networks could reach a combined market cap of $1 trillion by 2030, giving them intriguing potential for investors now. (Read our guide.) |
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| | | Long-Term Wealth $1K invested at today's market prices |
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| This asset | invested 5 years ago | is now worth | | Bitcoin (BTC) | $1,000 | $10,930 | | Ethereum (ETH) | $1,000 | $8,500 | | Uniswap (UNI)* | $1,000 | $1,806 | | BNB Chain (BNB) | $1,000 | $46,988 |
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| Note: The future may look different from the past. Please invest carefully. * As UNI is less than five years old, we calculate from the launch date (Sep 2020). |
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| Chart of the Day Top Layer-1s by Daily Active Users |
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| While bitcoin and Ethereum had an early lead in Daily Active Users (DAUs), they have been overtaken. Since early 2022, the blockchain with the most DAUs has been Tron, which enjoys a significant following across Asia. (Read our guide.)
The big surprise in this chart is that you do not see Ethereum. Instead, Ronin (RON) has roared into the second spot as its DAU numbers have skyrocketed since the start of 2024. Will Ronin overtake Tron for the number-one spot?
Another exciting development is the spike in Polygon (MATIC) usage, driven by several announced improvements and the conclusion of its vesting contract, which limits inflation and dampens selling pressure. Polygon DAUs are now on par with BNB Chain, but it remains to be seen if Polygon can overtake Tron.
Meanwhile, bitcoin is seeing a drop in DAUs, as more people are holding bitcoin as a store of value rather than using it for transactions.
Any of these top five tokens present investing opportunities, and considering they all have healthy DAUs, each could become a key holding in a well-balanced portfolio of crypto assets. |
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| | ICYMI In Case You Missed It |
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| Bitcoin Market Journal is a daily newsletter that makes you a better crypto investor. It's created by John Hargrave, Steve Walters, Gerald Jackson, Anatol Antonovici, Matthew Du, Daniel Joel, and Preetam Kaushik.
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