🇬🇧DML NIGHT: Decentralized Machine Learning London hosted by @flock_io
🗺️ UCL Gatsby Center
🕐 10/26, 5PM - 8PM
👉 Join the night here: https://t.co/eCmJwfYwX5
🇬🇧#FLock with us during ETH London 2023! What's better than a night dedicated to Decentralized Machine Learning?
👨🎓 Curious to dive deeper into the technology and applications of AI in Web3? Join the founders:
Jiahao @0x7SUN of @flock_io
Harry @harrygrieve of @gensynai
Dante @CamutoDante of @ezklxyz
in this research-focused event!
Agenda👉https://t.co/qwxMGDzfzB
Are We Getting Close To A Bull Market?🐂
I am more optimistic about the future of Crypto/DeFi than I've ever been.
4 charts showing that the market and crypto adoption is in a much better place than you might think👇
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Ethereum + L2 Daily Users
Below is a chart of the total daily wallets across Ethereum and the L2 landscape.
While it's evident that some of this activity comes from bots airdrop farming, it shows a clear trend:
Users in the Ethereum ecosystem are at an all time high despite being 2 years into a bear market📈
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Total Stablecoin Market Cap
Since August 2022, the overall stablecoin market cap has been in a steady decline signalling outflows from the industry.
For the first time in 1.5 years, this decline seems to have somewhat stopped (since early Aug) as seen below.
'Decentralized' stablecoins like $DAI and $LUSD have also gotten more traction lately.
Stablecoins are one of the biggest use cases of crypto currently and I expect the sector to grow significantly in a bull market.
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Ethereum Surpasses $10b in Just 7 Years
As the space has matured, more and more sound protocols/businesses have emerged.
The chart below illustrates the speed at which Ethereum has gathered product market fit and become a widely used product.
Expecting more crypto projects to join this chart over the coming years.
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Liquid Staking At All Time Highs
Liquid staking grew from $7.9b to over $20b in 2023 alone.
As a result of this, a whole ecosystem of DeFi protocols have launched to leverage this liquid ETH yield (LSDfi).
Infrastructure upgrades can act as large catalysts driving more capital to the space (Shanghai upgrade this year).
Further things I'm bullish on
• BTC spot ETF
• ETH spot ETF
• Tokenized Tradfi yields (RWAs)
• Stablecoin growth
• Infrastructure upgrades (L2 expansion, Danksharding, Account abstraction etc.)
and more - Lots to be excited about⚡️