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Congrats to Celo Foundation and Isha Varshney as our Protocol Highlight of the Month! Read more to learn about Celo’s story, exciting dApps on Celo, and what led to the run-up in Celo’s stablecoin volume.

The perception in the market seems to be that Ethereum has lost its way. But in terms of fundamentals, activity on L2s is at all-time highs. For example, Base has done more stablecoin volume over the last month than any other blockchain, surpassing even Solana. It's even pulled TVL from Solana ($50m over the last year). Meanwhile, fees on many L2s are now cheaper than Solana on average (noting that Solana has fee markets for different use cases). But the thing that I'm watching most closely is where TradFi starts to build. And we continue to see momentum here on L2s as well. If you're not aware, Franklin Templeton recently debuted its first tokenized fund on Base. ---- Solana has made a ton of progress this year (and is still doing 2x the DEX volumes of Base) but let's not forget about all the innovation happening on Ethereum L2s. Data: Stablecoin Volumes powered by Artemis

gm, our October Ship Log is here! ?? ?? New Index Benchmark tracker ?? New flow charts to Stablecoins tab ??? New Formula Builder in Artemis Sheets ...and more! Read more here: https://lnkd.in/gY46KSDT

?? Meet our protocol highlight for November: @maplefinance ?? Every month, we spotlight top protocols and tell their stories. This month, we spoke with Martin de Rijke ( @Fundonomics ), Head of Growth at Maple. Check out highlights from our conversation below ?? - Executive Summary - What is the Maple story? Who uses Maple? - What is your business model? - Who are your competitors? See here for the full piece: https://lnkd.in/ezk_nsEB

Welcome Isaiah Washington!!!

?? ARTEMIS ANNOUNCEMENT ?? We are thrilled to present the Outerlands Fundamental Index. ?? Powered by Artemis data ?? Fundamental crypto indices will revolutionize the way investors approach investing in crypto markets. Read on to learn more! ?? Digital asset markets have grown massively in the past 5 years to a market cap of $2.3 trillion. Now, investors are seeking more sophisticated tools for analysis and investment. Existing market cap weighted indices often allocate 80%+ to BTC and ETH. This means that apps and chains with real fundamentals and usage are underrepresented. The Outerlands Fundamental Index calculates asset weights based on three key fundamental metrics: 1. DAU 2. Daily txns 3. Fees Take a look at some of the biggest differences in asset allocation below: SOL weight in market cap weighted index: 3.63% SOL weight in fundamental index: 26.52% In the attached image 'Top 10 Assets by Fundamental Index Weight' we can look at the top 10 assets by weight for the month of October. This innovative index is the result of a partnership with Outerlands an asset management firm specializing in factor-based investment strategies for digital asset, bringing its expertise and deep research capabilities to the table (outerlands.io). To learn more and read our disclaimers, please see the full length blog post on our website ?? ?? https://lnkd.in/g7wyqf8n

gm, our September Ship Log is here! ?? ?? Brand new Stablecoins dashboard ?? New Comprehensive Stablecoin Report ???? Artemis in Singapore for Token 2049 Read more here: https://lnkd.in/d9uYtGYf

If you don't know your history, you don't know your crypto. Historically, information technology has evolved in multi-decade cycles of expansion, consolidation, and decentralization. The cycles have played out in repeatable patterns over the last 60-70 years. This is happening today — but it can be difficult to see amidst the “crypto casino” running alongside the fundamental innovation brought forth by public blockchains — the new open standard. With history as our guide, public blockchains and crypto can be viewed as the latest expression of the open-source technology movement — which began decades ago. 1950s: The transistor — a new open standard — collapsed the production cost of electronics by replacing expensive vacuum tubes with smaller, cheaper, and more reliable switches. As barriers to entry dropped, entrepreneurs rushed in. Computer hardware began to proliferate. The industry eventually consolidated around IBM and mainframe systems. 1970s: The microprocessor — a new open standard — collapsed the production cost of computer hardware by replacing inefficient CPU systems with a general-purpose processor that was easy to mass produce. Entrepreneurs rushed in, and a new era in computer hardware was born, creating economies of scale. 1990s: Cheaper computers attracted more users, creating the demand for software services. The market consolidated around Microsoft and the Windows Operating System. 2000s: The introduction of new open standards for computer software (HTTP, Linux, etc.) in the 90s eventually challenged Microsoft’s incumbent position. With open standards for both computer hardware and software now in place, we saw exponential growth via the democratization of information and an epic boom/bust period in the late 90s/early 2000s as the internet emerged. 2010s: As economic value creation moved away from the software layer, data networks became the next monetization opportunity. Firms such as Google, Facebook, Amazon, Apple, etc. are today’s incumbents controlling a vast majority of economic activity on the internet via closed and proprietary data networks. 2020s: Public blockchains — a new open standard — introduce credibly neutral shared databases & accounting ledgers. Similar to the efficiencies brought forth by open standards for hardware and software, public blockchains are collapsing the production costs of data/compute networks and verifiable trust. In doing so, they introduce the concept of digital property rights and universal accounting systems. ---- As with past open standards, lower costs remove barriers to entry — and create a frenzy of economic activity. In summary, the cycles tend to cover three distinct stages: 1. Decentralization (creation and universal acceptance of a new open standard). 2. Expansion (due to lack of barriers to entry & new business models). 3. Consolidation (due to consumer preferences & network effects) Data: YTD DePIN Fees powered by Artemis

I believe stablecoins could go down as one of the most important innovations of the 21st century. 10 reasons why the US gov’t should be supporting stablecoin innovation. 1. Stablecoins are backed by US Treasuries — making them less risky than bank deposits backed by a basket of non-transparent bank loans and assets. 2. Stablecoins transact globally, peer-to-peer, and at lower costs than credit cards, ACH, and wires. Savings can be passed back to consumers who will likely recycle the savings into other parts of the economy. 3. The instant settlement of stablecoins means that we can increase the velocity of money without the use of debt. This is a big idea and one hard to appreciate given the current paradigm. 4. Stablecoins disrupt banking and payments monopolies — reducing concentration risk while allowing innovation to thrive and the “little guy” to compete. 5. Stablecoins level the playing field in emerging markets. The rock-star engineer in India can now easily receive payment in dollars, swap to local currencies as needed for spending, and recycle their wealth back into the local economy (rather than moving to NYC or another American city). This is a win/win for the US and emerging markets with rich pools of labor. 6. Stablecoins can improve existing payroll services to allow employees and contractors to be paid faster than 1x/week or 2x/month. Yield-bearing stablecoins will blur the lines between checking and savings accounts. 7. Stablecoins offer the banks a highly scalable new line of revenue. What’s stopping Bank of America from exporting its brand/trust to emerging markets? Remember, there is insatiable demand for dollars abroad and roughly $130 trillion of currency globally. About $30 trillion is in US dollars today. The delta is the addressable market for stablecoin issuers and banks. 8. Stablecoins are increasing the network effect of the dollar worldwide. 9. Stablecoins are buyers of US debt at a precise moment when marginal buyers are disappearing (e.g. China). Issuers are currently the 16th largest holders of US treasuries (and growing). 10. Stablecoins are banking the unbanked in emerging economies. It’s hard to find a reason why policymakers would not be embracing this technology, other than “let's move slow, be thoughtful, and not break anything.” What do you think? Will we see legislation on stablecoins next year? Data: Total Monthly Peer-to-Peer Volume (avg. $600b/month in '24) powered by Artemis