NORTHSTAKE’s Post

Wondering how quickly you can start seeing $ETH staking rewards? 💡 Ethereum staking follows specific network rules, facilitating a seamless transition from staking to earning. Discover the key mechanisms and timelines for staking and unstaking $ETH to help set your expectations and strategize your next ethereum staking decision: https://lnkd.in/eqQVvKPc

Curious about how long it takes to see $ETH staking rewards roll in? Staking Ethereum is a process governed by network rules, ensuring a smooth flow from staking to earning. Learn about the mechanisms and timelines involved in staking and unstaking to manage your expectations and plan your next ethereum staking move:  https://lnkd.in/eGNm_ahm

Do give a read to the article written by me, The Essentials of the Ethereum DeFi Ecosystem https://lnkd.in/djKGJir6

The Ethereum Dencun Upgrade (EIP 4844) is complete! With it comes a new era in scalability for Ethereum L2s — which, as the chart shows, were already scaling. With more scalability comes more interesting use cases, and potentially more value accrual at the L2 layer of the tech stack. ---- Our thesis at The DeFi Report is that there will be more returns at the L2 and app layer of the Ethereum tech stack moving forward (but more value locked & market cap at the L1 level). We recently covered Arbitrum, Base, Manta Pacific, and zkSync. But there is quite a bit of nuance and complexity to get into as it pertains to value accrual within the Ethereum ecosystem. That's why we created The Ethereum Investment Framework. We think it's the most comprehensive document on Ethereum from both a quantitative and qualitative perspective. If you'd like to access the free document, which includes every important data point since network inception ($14k of data licenses), see the link in the first comment. Data: L2 Transactions (3x) vs ETH L1 Transactions powered by Token Terminal

-- Ethereum revenues collapse -- - Commits from developers are down 28% on a 3-month basis (Solana down 49%) - Now, both monthly active users and transactions are rising on L2 (Base, Arbitrum One, OP Mainnet, Blast, zkSync Era, Manta, Starknet). Scaling & cost efficiency on L2 vs. security on a battle tested tech & unified liquidity on L1. The trade-off has a price.

The top L2s combine for: - 15% of Ethereum's TVL - 15% of Ethereum's fees - 4.7x the number of active addresses - 6.7x the number of daily transactions - 2x the number of developers Meanwhile, They combine for just: - 2.4% of the token holders of ETH - 9% of the fully diluted market cap of ETH - and 2.7% of the circulating market cap of ETH ---- Does that mean the leading L2s are undervalued? If you're bullish on the Ethereum ecosystem, how should you think about portfolio construction between ETH and L2s? ---- I'm sharing a data-driven framework with 7k readers of The DeFi Report tomorrow. If you'd like to have the free report hit your inbox when it's published, see the first comment below 👇 Data: Token Terminal

The Dencun upgrade is live on Ethereum! Dencun significantly lowered Ethereum roll-up fees by introducing blob transactions, known as EIP-4844, or protodanksharding. Check out this comparison:

The Ethereum Dencun Upgrade (EIP 4844) is complete! With it comes a new era in scalability for Ethereum L2s — which, as the chart shows, were already scaling. With more scalability comes more interesting use cases, and potentially more value accrual at the L2 layer of the tech stack. ---- Our thesis at The DeFi Report is that there will be more returns at the L2 and app layer of the Ethereum tech stack moving forward (but more value locked & market cap at the L1 level). We recently covered Arbitrum, Base, Manta Pacific, and zkSync. But there is quite a bit of nuance and complexity to get into as it pertains to value accrual within the Ethereum ecosystem. That's why we created The Ethereum Investment Framework. We think it's the most comprehensive document on Ethereum from both a quantitative and qualitative perspective. If you'd like to access the free document, which includes every important data point since network inception ($14k of data licenses), see the link in the first comment. Data: L2 Transactions (3x) vs ETH L1 Transactions powered by Token Terminal

Stablecoins will be increasingly important, but not increasingly valuable monetarily. How do they differentiate? Risk profile, accessibility.... trust & utility. These are part of their operational platform, not the code. As legislation clarifies what US businesses can expect from these instruments, we move toward real-time decentralized value management. Aging terms will never be the same... eventually. When will smart contracts managing tokenized USD have their killer app moment?