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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