David Blumenfeld pfp
David Blumenfeld
@serdave-eth
It’s Sunday which means it’s Crypto weekly 🧵 time with me and @maaria: A lot of market news this week.... BTC down 11%, ETH down 6% and altcoins down 20%+. Stablecoin deposits grew slightly, and BTC now makes up over 60% of the total crypto market (for the first time since 2020). Here were my favorite stories: - BTC fell despite the announcement of a strategic BTC reserve, which will initially be made up of seized criminal and civil crypto assets, meaning the US will not be a net buyer of BTC assets as some speculated. Fun fact: the US government is the 4th largest holder of Bitcoin behind Strategy (formerly Microstrategy), Binance and of course…Satoshi. - ETH revenue dropped by 93% over the past year and its share of blockchain revenue has fallen from 55% in Feb 2024 to 24% this past Feb. A result of this revenue drop is ETH turning inflationary again over the past year (albeit a small amount: 0.41% since Apr 2024).
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ted (not lasso) pfp
ted (not lasso)
@ted
… ETH revenue dropped by 93%?! for real
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Brais.eth
@chi
Keep Calm AND Run a node
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David Blumenfeld pfp
David Blumenfeld
@serdave-eth
yeah it's self inflicted cause of pushing everything to L2...BUT increasing the gas limit and TPS (which are both in the EIP pipeline) should help address this.
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Dry Tortuga
@dry-tortuga
Yep but its self inflicted bc they made it cheaper for L2s to use it 😀
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Wager
@marketwager
Yowza
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naive
@rudex
so real
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naive pfp
naive
@rudex
so real
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