Unchained: On-Chain Analytics Show ETH Accumulation Is Greater Than That of BTC - Ep.264

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Blockchain technology is about to transform every trust-based interaction of our lives, from financial services to identity, from health care to our Internet of Things devices. In this podcast, host Laura Shin talks with industry pioneers across tech, financial services, health care, government and other sectors about how the blockchain and cryptocurrency will open up new opportunities for incumbents, startups and everyday people to interact more efficiently, directly and globally.

On-Chain Analytics Show ETH Accumulation Is Greater Than That of BTC - Ep.264

Aug 17, 2021

NFTs are the talk of the metaverse, EIP 1559 just went live, and DeFi stats are rebounding. On Unchained, Fredrik Haga, cofounder and CEO at Dune Analytics, along with Richard Chen, general partner at 1confirmation, discuss the booming Ethereum ecosystem through the lens of on-chain data, diving into NFTs, DeFi, ETH, and their favorite layer 2s. Show highlights:

why Ethereum is on such a pronounced upswing
why on-chain metrics lead to superior information reporting
mind-blowing OpenSea statistics
why NFTs are so hot at the moment
how Richard explains NFTs to normies
whether the NFT market is sustainable
what makes an NFT drop pop and why profile pics (PFPs) matter
how Polygon NFTs compare to Ethereum NFTs
the main driving force behind DeFi usage
how Richard measures the total amount of DeFi users
what brings new users into DeFi
what DEX trends Fredrik is keeping his eye on
why structured products are crucial to DeFi’s continued success
how Ethereum is doing since the London hard fork
why NFT drops are like 2017 ICOs
what metric shows ETH adoption outpacing BTC adoption among institutions
which layer 2 solutions are Fredrik and Richard excited about
why Richard considers Binance Smart Chain a centralized blockchain
why Fredrik likes what Solana is building
Richard and Fredrik’s predictions for the NFTs, DeFi, and ETH going forward

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2

Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero

Polymarket: https://polymarket.com/

Episode Links

Richard Chen

Twitter: https://twitter.com/richardchen39
1confirmation: https://www.1confirmation.com/
Dune Analytics dashboards: https://dune.xyz/rchen8

Fredrik Haga

Twitter: https://twitter.com/hagaetc
Dune Analytics: https://dune.xyz/home
Dune Analytics dashboards: https://dune.xyz/hagaetc

On-chain dashboards

Stablecoins: https://dune.xyz/hagaetc/stablecoins
Lending: https://dune.xyz/hagaetc/lending
DEXs: https://dune.xyz/hagaetc/dex-metrics
ETH 2.0 deposits: https://dune.xyz/hagaetc/eth2-0-deposits
OpenSea: https://dune.xyz/rchen8/opensea
DeFi users: https://dune.xyz/rchen8/defi-users-over-time
NFT prices: https://dune.xyz/rchen8/NFT-prices
SuperRare: https://dune.xyz/rchen8/superrare_4
Nexus Mutual: https://dune.xyz/eliasimos/Nexus-Mutual-Financials
ETH fees burned: https://dune.xyz/rchen8/ETH-fees-burned-in-1confirmation-portfolio
Base Fees: https://dune.xyz/msilb7/EIP1559-Base-Fee-x-Tip-by-Block

Unchained episodes mentioned

Miscellaneous

Zed Run: https://zed.run/
Axie Infinity: https://axieinfinity.com/
Qiao Wang tweet: https://twitter.com/QwQiao/status/1425773846418821125
Ethereum burning: https://ultrasound.money/