dune

just saw the dune index, great way to check adoption more focused on tx fees, transfer volumes, and # of txs

while TVL and active addresses are still widely used - and i agree they’re not the most accurate indicators - they reflect the current state of the ecosystem. take Base as an example: 80% of its volume occurs on Uniswap. speculation is still the primary driver

just saw the dune index, great way to check adoption more focused on tx fees, transfer volumes, and # of txs

while TVL and active addresses are still widely used - and i agree they’re not the most accurate indicators - they reflect the current state of the ecosystem. take Base as an example: 80% of its volume occurs on Uniswap. speculation is still the primary driver

https://dune.com/metrics#methodology-section

I am not sure what it is supposed to tell us though. The manlets will look at this and say how much undervalued SOL is compared to ETH.

And then you realize that BTC, arguably the most "valuable" blockchain, is only third here, even behind Tron of all networks. How is this useful?

researching onchain | writing tomu.xyz founded overgie.com mintgate.io | nf.td/tomu