Research Analyst @Blockworks
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Bitcoin ETFs have absorbed more than 210k BTC...that's more BTC than will be issued for the entire of 2024! Ethereum ETFs have absorbed 0 ETH... that's more ETH than will be net issued for the entire of 2024!
DeFi remains the largest use case within the Layer 2 ecosystem. As costs reduce on Layer 2s, I expect to see other sectors (like social media 👀) gain more market share.