Unwrapping what’s happening On-Chain – A Christmas Report

Hello frends,

If anyone wants to read a report on the state of the market / industry, I’ve put together some on-chain analysis and written something.

It aims to reflect on 2024 and look forward to 2025. 3 quick takeaways that are worth thinking about:

• 2025 is set to be a great year of stablecoins. With comprehensive legislation of stablecoins being the lowest hanging fruit for the new pro-industry policy makers in DC.

• The guidance set out excluding crypto from 401k plans is likely to be relaxed.

• On-chain metrics look great heading into the new year, particularly providing validity to the roll up thesis with a growing share of DeFi TVL being on Layer 2 scaling solutions.

I tried to make it as accessible as possible for anyone wanting to share their thoughts on the ecosystem around the festival period.

Happy to discuss anything and I welcome feedback.

I hope you enjoy the holiday season and be merry!

Cheers