A thread on altcoins. They are nuanced. We have: -Protocol coins -Utility tokens -Security tokens -Non-fungible tokens But to an investor, there's only 2 types of altcoins. Oscillators and Degenerators. You can spot them on this chart of the entire market. /1

Alternative headline: The wrong people got rich, this can't happen again and if it does we will stop the market.

While we are in the first great consolidation of the 2021 bull market, here's a bunch of charts to get the feel of where we are in this bull cycle. 👇

For the second weekend in a row DeFi had a big surge. Led by Uniswap, SushiSwap, and other decentralized exchanges, DeFi market cap burst through to a new all-time high. Read more in this week's State of the Network: coinmetrics.substack.com/p/coin-metrics…

With Tesla and other institutional investors pouring in, retail heating up, and usage at all-time highs, Bitcoin and Ethereum are at pivotal points. In this week's State of the Network Nate Maddrey uses on-chain data to analyze how both are changing: coinmetrics.substack.com/p/coin-metrics…

Running statistical checks on SOPR (Entity Adjusted) by glassnode SOPR metric calculates the amount of profit each UTXO realised each day. On aggregate: SOPR > 1.0 coins made profit SOPR = 1.0 coins neutral SOPR < 1.0 coins made a loss I present, the #Bitcoin Bell Curve.

Shoutout to @3LAU & Origin Protocol for conducting the smoothest auction I have come across. The experience was a breeze. Key takeaway - Origin' a more suited platform for established artist to conduct sales as the artist retains control and can customize the user experience.

1/4 The fast growth of the #DeFi sector has outpaced the infrastructure to support it. In 2020 alone over $150M was compromised from a variety of security exploits discouraging risk-averse players from participating in innovative DeFi protocols.

If you've been making bank in crypto, consider donating some of it to a good cause If you, like me, love the oceans, consider donating to the Sea Shepherd and their fight for clean oceans 🤝 If you're unsure why, watch Seaspiracy and you'll know RT: ❤️ seashepherd.org/donate

30-40% capitulation incoming

🟩 A Fully Aligned Round: $20M Series A Round🟩 Aligned Layer is pleased to announce a $20M fundraise led by Hack Hack VC, with support from dao5, L2 Iterative Ventures (L2IV), Nomad Capital, Finality Capital Partners, Symbolic Capital, 3, J17 Crypto, Everest Ventures Group (EVG), Decima, GM Ventures,

True Story - at Lemniscap, we use "like Colin" as an adjective during our diligence process for founders with certain attributes we like. Congratulations Colin Armstrong. Well deserved. Gonna be a big year at Paragraph.

Axelar has been quietly building the rails for onboarding the next wave of RWAs. First among many more to come from Formerly Axelar, now at @axelar.

If you are gonna be at EthCC - Ethereum Community Conference Brussels, do drop by for the Restaking Day organised by our friends at Encode Club. I’ll be on the VC panel along with some awesome peeps discussing a-z of restaking.

Stoked to be co-leading Farworld's pre-seed round. The Blackstock brothers Blackstock @c__blackstock have a big vision for onchain gaming and I'm looking forward to working with the team to bring the vision to life.

Thrilled to announce the launch of our latest fund. This is our most ambitious fund till date, geared to lead outstanding founders building at the bleeding edge of web3. Lastly, it has been an absolute pleasure to work with Marcos, Aram, Atul and rest of Accolade Partners team.

1/ We’re Hiring: Platform Lead at Lemniscap! Join us in working with industry leaders in the crypto space. Drive growth and innovation for blockchain startups, shape product strategies and help define the future of the #Web3 industry.

Termina is bringing custom SVM deployment to developers looking to utilize the full efficiency that a SVM has to offer and we're thrilled to lead their round. Yiwen and Kenji have big plans and it's a pleasure to be part of their journey at Termina

It has been an absolute blast brainstorming with @NyxNoLimits on building the most future proof health wearable at Pulse. By adding web3 incentives and ownership to the vast array of health data wearable device generate, Pulse is looking to revolutionize the industry.