Kunal Goel 🎩 pfp

Kunal Goel 🎩

@goel

125 Following
122 Followers
Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
something about the vibes of farcaster just put me in a better mood
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
We're in the endgame now The markets have severe infrastructure fatigue but MegaETH has been able to catch its attention with some very bold claims - 100,000 transactions per second - less than 1 ms block times This is a 10-100x improvement over any current blockchain infrastructure How does it do it? What are the tradeoffs? Why is it exciting? And what does it mean for the ecosystem? I dropped my Mega report on MegaETH today https://messari.io/report/megaeth-making-ethereum-great-again
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
Ok, trying to be more active here.
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
ETH sentiment is so bad that Vitalik has to tweet "Ethereum is Good". They say price leads narrative, but we want to lead both. Our analysts explore if Ethereum is actually good or if this is cope from Vitalik. https://messari.io/report/is-ethereum-good
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
Link to the report with the model, assumptions, and many more charts https://messari.io/report/spoiler-alert-coinbase-q2-2024-revenue-estimates
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
Coinbase will announce its Q2 2024 result tomorrow. For the last four quarters, my revenue estimates have been within 2% of actual revenue and handily beaten Wall Street estimates. The report is now available for Messari Pro users. Link below.
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
farming for potential airdrop
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
Where's the gas fees Vitamin? Where's the Warps money Don Romeo?
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
Where can I check Farcasters MAUs from each front-end?
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Eric pfp
Eric
@plante.eth
absolute blowout quarter yet again from @coinbase with @goel calling his shot weeks in advance. 4 for 4 sir!!
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
the fight proved there is no key man risk with wif anymore
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
Going to be in Dubai for @t2049. Will be taking meetings with projects, investors, and analysts. Hit me up if you're around.
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
gm
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Eric pfp
Eric
@plante.eth
great read. feeling based and insufficiently bullish on the future thanks again @goel and the messari team for all of the research and insight.
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
My full report includes the model, the full breakdown of revenue, my assumptions, and explanations. https://messari.io/report/spoiler-alert-coinbase-q1-2024-revenue-estimates
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
But that's not all. Coinbase also has the chops to have launched multiple successful onchain products. And these products are now synergizing - for example, you can now send USDC for free on Base using the Coinbase Wallet. The company can really do it all.
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
Finally, Coinbase is among the few crypto companies that has the bold leadership and pristine legacy to benefit from crypto maturing as an asset class. It is the partner of choice for TradFi firms and custodies 8/10 Bitcoin spot ETFs. 5/
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
Base sequencer revenue 5xed compared to last quarter as @farcaster, onchain summer, and EIP-4844 drove greater adoption. However, I expect Coinbase not to internalize this revenue. I expect it may hold this revenue in an onchain entity to be used only to fund future growth on Base. 4/
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
For this quarter, I analyzed ticker volume data to estimate the retail split of trading volume. This is a key metric because retail pays 50-100x more fee margin than institutional users. I expect retail to contribute 19% volume, slightly less than half of the volume contributed by assets other BTC, ETH, and USDT. 3/
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Kunal Goel 🎩 pfp
Kunal Goel 🎩
@goel
I estimate Coinbase will generate a whopping $1.5 billion in net revenue for Q1 2024 growing by 65% for the quarter. My estimate is much higher than consensus estimate of $1.2 billion for gross revenue. 2/
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