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User Extractable Value 🛠

User Extractable Value (UEV) is a way in which blockchain users extract value from a given application, protocol, or public data set. UEV can come in the form of monetary gain, actionable information, or onchain reputation building. UEV is not solely extractive, a user adds value in one form while receiving another.

User Extractable Value podcast just dropped

User Extractable Value podcast just dropped 
https://youtu.be/aoc-2zSeOD4?si=Nvuv_vqbyBCgmq3Y

education

UEV Daily Dashboard:

Every so often I like to take a look at how the progress is going regarding The Graph's L2 migration. About a year to two years ago they started the journey of moving most index/delegate/curation/subgraph-deployment/billing/etc... to Arbitrum. At this point in time no index rewards are distributed on Ethereum mainnet, query fees are nonexistent, and majority of stake/subgraphs have migrated over. Interestingly query fee growth month over month is doing quite well. Cumulative query fees in the month of September were about 300k GRT and so far October has already surpassed that number.

https://dune.com/graphlers/the-graph-overview

UEV Daily Dashboard:

Another great dashboard shared with me by @whitetail is the one by the @growthepie team. This page/dashboard specifically highlights each of the major L2s onchain profit. At the moment there are 4 L2s (Base leading the way at ~$120k yesterday) who make an onchain profit. Some chains like Taiko ran a net loss onchain. 

https://www.growthepie.xyz/fundamentals/profit

UEV Daily Dashboard:

Slowly but surely. The ETH ETFs haven't made as big of a splash as some may have anticipated or kept up with BTC ETF flows but the past two weeks both saw inflows which is the longest week streak thus far (hopefully ETH bulls can keep it going a few more weeks). With just over 2.25% of total supply in ETFs, BlackRock, Fidelity, and Grayscale Mini are puling most of the weight.

https://dune.com/hildobby/eth-etfs

which date will the ETFs have more ETH combined then when they first launched?

UEV Daily Dashboard:

After a day of transferability, EIGEN has gone through it's initial price discovery mode while those who didn't stake or those who had yet to claim could sell their distribution. With price starting near $5 then heading down to $3.5 and back to mid $4 range, EIGEN now seems to be in concert with the rest of the crypto market. As of now there are close to 100m tokens circulating with total claimed over 166m. 

https://dune.com/karl0x/eigen-token

UEV Daily Dashboard:

It's been awhile since I showed a dashboard solely focused on Ethereum metrics and with all the migration to L2s it's easy to forget about mainnet. Some stats that stick out to me:

-30 DMA active addresses at ATH of 1.6m
-7 to 9% of transactions still use legacy transaction type
-2k ERC20 tokens created each week (higher than any week last cycle)
-ERC721/1155 have very little action (less than 50 projects with 100+ txns)

https://dune.com/hildobby/ethereum

what do you use Ethereum mainnet for these days?

🛠Tuesday Tool of the Week🛠 

Flooz helps users find trending tokens. Flooz is a blockchain analytics platform that empowers you to discover new tokens, perform your due diligence and trade any asset across multiple chains. 
/uev @floozxyz.eth

Blockchain Analytics that help you invest with confidence.

🛠Tuesday Tool of the Week🛠 

Flooz helps users find trending tokens. Flooz is a blockchain analytics platform that empowers you to discover new tokens, perform your due diligence and trade any asset across multiple chains. 
/uev @floozxyz.eth 
https://flooz.xyz/

UEV Daily Dashboard:

Let's look at the Superchain! Well actually just 3 chains (for right now) which are Base, Zora, and Optimism. Combined there are over 22m active wallets, over 70% of activity is happening on Base then followed by Optimism at 25%, and there was over 100k contracts deployed on all 3 chains in the last 24 hours (my guess is a lot of these are smart contract wallets).

https://dune.com/llabs/superchain-network-activity

UEV Daily Dashboard:

Checking in on Farcaster stats again. Looks as though total user numbers are growing at a rate of 1k new profiles per day with just over 660k users total. Of those 660k users, about 50k of them have posted more than 25 times which also coincides with the number of daily users. Besides the price of DEGEN, what other factors could play a role in increasing new and organic activity on Farcaster apps like Warpcast?

https://dune.com/pixelhack/farcaster

what's the #1 force driving activity on Farcaster dapps?

UEV Daily Dashboard:

Warpcast Power Badge is a spin on a "verified" account but has more to do with what you do on the platform instead of who you are or how much you pay. There are currently ~2000 power badge holders, which is down about 1k from last week although there were 107 new holders in this period.

https://dune.com/saxophones/warpcast-power-badge

any current tips to re-obtaining the Power Badge?

Moon Men 🧑🏽‍🚀💰

UEV Daily Dashboard:

Today we are taking a look at Thorchain, specifically cross-chain swaps. With over 34k 30-day users, $3.3 billion in 30-day swap volume, and ~1.7 million transactions over the course of the last 30 days, Thorchain has 70% market dominance compared to peers.

https://flipsidecrypto.xyz/Jonaso/thorchain-swap-report-G_JJzb

who are Thorchain's competitors? /men /uev

UEV Daily Dashboard:

Now that the Bitcoin Halving is safely behind us, here is a dashboard comparing the past halvings to the current one for several different metrics. For example you can look at the CEX netflow, active addresses, whale holdings, and miner activity.

https://flipsidecrypto.xyz/flipsideteam/bitcoin-halving-PDnIDK

what do you think is the most important stat to watch regarding the Bitcoin halving?

UEV Daily Dashboard:

A new dashboard to keep track of ETH ETF flows. With all the major issuers listed, Nansen provides a well designed dashboard to get powerful insights as to how things are progressing with the Ethereum ETFs.

https://app.nansen.ai/eth-etfs

Who do you expect to see as the top holder of ETH in terms of ETF issuers in 3 months time?

side note, @l2explorer.eth is on a 27 day streak in /education !! Can he make it to 300 days? Follow @l2explorer.eth for great onchain dashboards

UEV Daily Dashboard:

Protocol Guild is a collective which financially supports ~180 Ethereum Core Developers. Currently with about $53m vesting, the members can at least have some assurances to their work being paid for. 

https://dune.com/protocolguild/protocol-guild

How would you propose to financially support blockchain core developers?