The Week In Crypto In Five Graphs (12/8/19)
For those who love Crypto & graphs that tell a compelling story
For those who love Crypto & graphs that tell a compelling story
#1 M&A Deals In Crypto Are Tracking be Be Down 40% Vs. 2018
Crypto M&A: Barbarians on the Blockchain via TokenData Research
https://research.tokendata.io/
While activity declined dramatically in 2019, Cryptocurrency exchanges including Coinbase and Kraken were the most prolific strategic acquirers. Acquihires (for talent) and technology have been the most common drivers of M&A. While “Decentralized” M&A has not happened yet, there have been acquisitions of companies to help centralized entities transition to a more decentralized state.
#2 While Institutions Wait To Get Off Zero, Crypto Fund Growth Halves
Crypto Investment Fund Industry Graphs & Charts via Crypto Fund Research
The number of new Crypto funds launched in 2019 is tracking to be less than half of the 284 that launched in 2018 in anticipation of the flood of insitional money in to Crypto. But the institutional flood ended up being just a trickle, causing a slowing of new Crypto funds and an almost doubling of Crypto fund closures to 70+ in 2019, from just 42 last year. increase in Crypto fund closures.
However, as the price of Bitcoin doubled in 2019, Crypto assets under management in funds has almost doubled as well this year:
#3 Total Amount OF ETH Locked Up In Uniswap Reaches Record High
I believe that 2020 will be the year we see a DeFi product reach mass market. As a recent example, Uniswap effectively solved for liquidity in decentralized exchanges, and as a result, it’s already impressive growth is accelerating.
#4 The Brave Browser Triples Daily Users In Last Year
Brave Passes 10 Million Monthly Active Users via Brave
The Brave browser launched in January 2016 to provide a private browsing experience with a blockchain-based digital advertising platform. Brave 1.0 was recently released (on November 13th) and received very positive reviews, driving a surge in user adoption. Brave went from 8.7 million monthly active users in October to 10.4 million MAU at the end of November, a 19% month-over -month increase, and a doubling of Brave’s MAU in the past year. Daily active users tripled in the last 12 months, to 3.3 million.
#5 Bitcoin Remains An Imperceptible Blip In Terms Of It’s Size As An Asset Class
Contrarian & Anti-Cyclical Investment In Bitcoin via BitcoinEconomics.io
The little orange sliver in the bottom right hand corner represents the scale of Bitcoin as an asset class relative to the major asset classes today. It turns out, it’s still early for Bitcoin.
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