4th Week of May, 2022
📣 ALCHEMIX | Get a self-repaying loan today!
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/
🎙️ SUBSCRIBE TO PODCAST:
BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALED ETHEREUM
❎ ACROSS | BRIDGE TO LAYER 2
🏦 ALTO IRA | TAX-FREE CRYPTO
👻 AAVE V3 | LEND & BORROW CRYPTO
⚡️ LIDO | LIQUID ETH STAKING
🔐 LEDGER | NANO S PLUS WALLET
5:00 BTC Price
5:16 ETH Price
5:38 BTC Ratio
8:05 Total Crypto Market Cap
8:35 Rekt ARK
The ARK Innovation ETF is now underperforming the Nasdaq 100 by over 100% since its inception in Oct 2014.
In February 2021 it was outperforming by 500%.$ARKK $QQQ
Charting via @ycharts pic.twitter.com/K7SGUWeEO3
— Charlie Bilello (@charliebilello) May 11, 2022
11:20 OpenSea Volumes December 2021 Levels
11:37 Uniswap Hits $1T Lifetime Trading Volume
1/ It’s been one hell of a ride 🚀
As of today, the Uniswap Protocol has passed a lifetime cumulative trading volume of $1 Trillion. pic.twitter.com/stFdMDgJPZ
— Uniswap Labs 🦄 (@Uniswap) May 24, 2022
12:32 The ENS Boom
april 2022 ENS stats:
– 163k new .eth registrations (total ~990k names)
– 2,660 ETH in fees (up 900 ETH from prev best month, Nov21)
– ~$7.8m in protocol revenue (all goes to the DAO)
– 38k new eth accounts w/ at least 1 ENS name (total 387k)
– >4,000 ETH in secondary on OpenSea pic.twitter.com/M9HIOsg8Bg
— ens.eth (@ensdomains) May 2, 2022
May is now an All Time High for every single ENS metric we track – registrations, renewals, revenue (ETH & USD) and income (ETH & USD).
And there's still a week of May left.
— nick.eth (@nicksdjohnson) May 22, 2022
14:08 New and Returning Users
14:25 Read Metaversal
14:30 Reports from Goldman Sachs & Federal Reserve
15:25 12% Adults Held Crypto Last Year
17:03 Stablecoins as Portion of ERC20s vs. ETH
22:09 Gamestop Wallet
It’s official! The GameStop Wallet is here.
— GameStop (@GameStop) May 23, 2022
24:50 Terra Relaunching Without Algo-Stablecoin
28:35 Story of Frivolous PoolTogether Lawsuit
As some of you know, I’m currently being sued (personally) in a putative class action lawsuit.
I can’t speak about it publicly because the litigation is ongoing but I want to share some context and ask for your help.
— Leighton (@lay2000lbs) May 26, 2022
30:05 Mint a Pooly
33:46 Optimism Cracks Down on Airdrop Farmers
33:57 Coindesk Launches $DESK
CoinDesk is fully launching its reward token, DESK, and making it a core part of the experience at #Consensus2022.
Attendees will have opportunities to earn DESK throughout the festival and redeem it for swag, food, drinks, NFTs and more. 🧵 https://t.co/DgMiHYG130 pic.twitter.com/dofogd1PIA
— CoinDesk (@CoinDesk) May 23, 2022
37:39 Revolut’s $Revcoin
40:15 OpenSea Launches Seaport
41:38 Seth Green is Down Bad
43:52 Cami Gives Her Book to the Pope
Very surreal day — I just met the Pope and gave him my book 🤯 pic.twitter.com/WlFApM458J
— Camila Russo (@CamiRusso) May 19, 2022
44:23 SBF Could Spend $1B in 2024 Elections
SBF says he could spend as much as $1bn in 2024 election
— Frank Chaparro (@fintechfrank) May 24, 2022
49:40 Tracer DAO Perpetual Pools V2
Week 1 of The Voyage ⛵️
Let’s take a short tour through the Perpetual Pools V2 mechanism…
✅ Long-term leverage without getting “rekt” by volatility decay
✅ No more minimums
✅ Better hedginghttps://t.co/EWkYjo0pf9
— Tracer DAO ⛵️ (@TracerDAO) May 19, 2022
51:45 Sense Finance Web3 Yield Curve
56:00 a16z Crypto Fund 4 $4.5B
56:54 Adam Neumann-Backed Flowcarbon $70M a16z
ICYMI: Adam Neumann-backed blockchain startup Flowcarbon raises $70 millionhttps://t.co/hd1TwDGAtJ
— The Block (@TheBlock__) May 24, 2022
59:12 StarkWare Series D $8B
We are thrilled to announce our $100M Series D at an $8B valuation.
We would like to thank Greenoaks and Coatue – our lead investors, Tiger Global, and many of our existing investors, for their vote of confidence in the technology, products, and ecosystem that we’re building. pic.twitter.com/0R1e1h31HK
— StarkWare (@StarkWareLtd) May 25, 2022
1:02:55 Community Questions
Ooof this is a hard one
More broadly, id phrase this question as "why is Ethereum so consistently misunderstood?"
— DavidHoffman.eth 🔴_🔴 🦇🔊🏴 (@TrustlessState) May 25, 2022
What are 3 things/ideas that @RyanSAdams and @TrustlessState strongly disagree/clash on?
— Matey Nikolov (@MateyNikolov) May 25, 2022
1:13:40 Step Aside Disney
Yuga Labs is valued at a higher valuation than what Disney paid for the entire Star Wars IP
— rektsoby🔺🐻 ⛓ xNFTs (@sobylife) May 19, 2022
1:14:32 DeFi’s Benefits
So much negativity towards DeFi lately. Many people questioning what benefits it actually offers.
Annoyed to see it honestly. Permissionless access to financial tools for anyone in the world is powerful enough to have extreme meaning and staying power.
— eric.eth (@econoar) May 21, 2022
1:16:33 UNIchain is Inevitable
UNIchain is inevitable.
There are 3 costs to DEX traders:
1) Swap fee (to LPs)
2) Tx fee (to validators)
3) MEV (to validators/MMs)
Today, UNI holders can only flip switch to take part of 1.
2&3 are more attractive long-term and better align incentives.
— Dan Elitzer 🌱 (@delitzer) May 22, 2022
1:21:38 13 Years of Web3 and NFTs Converted
13 last years of W3B and NFTs converted in a 24-hour clock pic.twitter.com/QjUQhp1TC2
— w3b.eth│.bit (@w3b_eth) May 23, 2022
1:23:25 What David’s Excited About
1:24:49 What Ryan’s Excited About
crypto is exactly where it needs to be right now
very much not dead, very much alive, washing out the excesses, very much building things people want to use
coiled spring on a path to hypergrowth
— Vance Spencer (@pythianism) May 22, 2022
1:29:46 Meme of the Week
@RyanSAdams @TrustlessState pic.twitter.com/GpSRy5cQA9
— cryptoreumd.eth 🏴💜🦇👾🤫 (@cryptoreumd) May 20, 2022
1:30:57 Moment of Zen
First time in market turmoil? Time to #BuildTheDip, anons. pic.twitter.com/wXUc7XFYSQ
— Bankless 🏴 (@BanklessHQ) May 26, 2022
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: