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

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

Ultra Sound Money: https://unchainedpodcast.com/is-eth-on-its-way-to-becoming-ultra-sound-money-yes-says-justin-drake/

EIP 1559: https://unchainedpodcast.com/ethereums-eip-1559-will-solve-some-problems-but-big-ones-will-remain/ 

OpenSea: https://unchainedpodcast.com/how-nft-platform-opensea-plans-to-maintain-its-competitive-advantage-ep-232/ 

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/

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