Research

William Scheinman: Analyst Of The Month

Meet William Scheinman: Partner at Road Capital

November ‘24 Protocol Highlight: Stellar

Meet Raja Chakravorti, Chief Business Officer at the Stellar Development Foundation.

Maple Finance: The Hub for On-Chain Institutional Lending in Crypto

Crypto Fundamentals #102

Tether invested in Quantoz and introduced new MiCA-compliant Euro and USD stablecoins (Tether), while Paxos acquired Membrane Finance to issue MiCA-compliant stablecoins in the EU (Paxos)

Crypto Fundamentals #101

Trump announces the creation of the Department of Government Efficiencty (DOGE) which will be helmed by Elon Musk and Vivek Ramaswamy (CNN); Coinbase lists major memecoins including PEPE and WIF as memecoins outperform (Yahoo Finance)

Stablecoin Marketmap - November 2024

Stablecoins are at all time highs. Stripe acquired Bridge for $1B. Tether had $4.5B in Q1'24 profit. How can you invest behind this trend?

Crypto Fundamentals #100

Donald Trump won the United States presidential election, as the GOP sweeps the Senate and House; Polymarket calls the elections hours before mainstream media (CNBC); Bitcoin makes all time highs (Coingecko)

Crypto Fundamentals #99

The Web3 gaming firm Immutable disclosed that the SEC has issued them a Wells notice (immutable.com),​ Spire Labs secured $7 million in funding to advance Ethereum scaling with its “Based Stack” rollup framework​ (The Block)

Protocol Highlight: Maple

This month we spoke with Martin de Rijke, Head of Growth at Maple Finance.

Raydium: King Of Solana De-Fi

Crypto Fundamentals #98

Emory University becomes first major American university to hold BTC on its balance sheet (SEC Edgar), rumors resurfaced that Tether is being investigated by the FBI

Artemis Announces Outerlands Fundamental Index

Crypto Fundamentals #97

HBO released a new documentary claiming to discover who the mysterious Satoshi Nakamoto is (HBO), the SEC charges Cumberland DRW with acting as 'unregistered dealer' in crypto transactions (Reuters), while Crypto.com received a Wells Notice (X/kris)

Crypto Fundamentals #96

OpenAI raised a record $6.6 billion in venture financing amid executive departures and a shift towards a for-profit structure (Axios), Hamster Kombat's HMSTR token debuted on TON with a $1.2 billion trading volume in 24 hours (Decrypt)

Lewis Harland: Analyst of the Month

Meet Lewis Harland: Portfolio Manager at Re7 Capital

Will Ogden Moore: Analyst of the Month

Meet Will Ogden Moore: Research and Product at Grayscale Investments.

Crypto Fundamentals #95

In the past two weeks, the SEC settled with NFT-based restaurant Flyfish Club for $750k alleging an unregistered securities offering (Yahoo), Coinbase to bring native cbBTC to Solana (Cointelegraph).

Crypto Fundamentals #94

This week, Artemis is flying to Singapore for Token2049! Friend.tech creators walked off with $44m as the project shut down (DLNews)

Crypto Fundamentals #93

This week, Trump-backed crypto project is supposedly building on Ethereum and will support lending and borrowing (Coindesk), De-Fi protocol Penpie was exploited for $27M (Coindesk), Uniswap settled with the CFTC over alleged illegal trading practices (Yahoo), and Ripple co-founder endorses Kamala Harris for president (Coindesk).

How Many Stablecoin Dollars ACTUALLY Exist?

At Artemis, providing the most accurate and reliable stablecoin data is our number one priority. Every stablecoin has its own quirks and we take a lot of care to ensure the nuances of various stablecoins are taken into account when calculating metrics.

Pratik Kala: Analyst of the Month

Meet Pratik Kala: Head of Research at DigitalX

Crypto Fundamentals #92

This week, Telegram cofounder, Pavel Durov, was arrested in France and is under investigation for charges relating to criminal activity on the platform he created (CNN), Maker rebrands to Sky, with DAI rebranding to USDS (Blockworks).

Protocol Highlight: Mento Labs

Meet Markus at Mento Labs, a decentralized stablecoin platform.

Crypto Fundamentals #91

This week, IP blockchain, Story Protocol raises $80 million at $2.25 billion valuation in round led by a16z (CoinDesk), the SEC rejected Cboe’s filings for SOL ETFs (The Block).

Crypto Fundamentals #90

This week, crypto risk management startup Chaos Labs raises $55m Series A (Coindesk), El Salvador gets $1.6bn investment from Turkish company that will support the build out of Bitcoin City (Decrypt).

Crypto Fundamentals #89

This week, Ripple Labs ordered to pay $125 million in settlement with the SEC (Yahoo Finance), Celsius sues Tether for $2.4 billion (Tether).

Crypto Fundamentals #88

This week, Russia passed a bill to legalize crypto to dodge international sanctions (Reuters), Lido launches "Lido Institutional", a middleware solution for enterprise level staking (X/LidoFinance).

Nick Hotz: Analyst of the Month

Meet Nick Hotz: VP of Research at Arca

Protocol Highlight: Celo Foundation

Meet Isha, Head of Ecosystems at Celo. Learn about Celo's keep KPIs.

Maker - A Deep Dive Into The World’s First Unbiased Global Financial System

Maker is expected to generate over $250mm in annual revenue in 2024 and stands at the forefront of DeFi

Crypto Fundamentals #87

This week, Igloo Inc, company behind Pudgy Penguins, raises 11m in round led by Peter Thiel’s Founders Fund (Axios), Ferrari to start accepting crypto payments in Europe (Ferrari).

Crypto Fundamentals #86

This week, newly announced “Solana Economic Zone” to be hosted in Buenos Aires (X/FormaCity), Sanctum, Solana liquid staking application, launches much anticipated $CLOUD at $300m FDV (X/SanctumSo)

Protocol Highlight: Wave Wallet on Sui

Meet the co-founder/CPO of the top dApp on Sui

Crypto Fundamentals #85

This week, Coinbase announces new crypto wallet super-app, ETH CC conference attendees report a mixture of optimism, fragmentation, and boredom, and the US House failed to override the SAB 121 veto (The Block).

Crypto Fundamentals #84

This week, ‘Decentralized’ AI network Bittensor halted in response to $8M hack (Protos), Multicoin Pledges up to $1M for Pro-Crypto Senate Candidates (Coindesk)

A History Primer on Tokenization: Why Assets Will Move to Public Blockchains

Evan Fisher: Analyst of the Month

Meet Evan Fisher: Founder and Managing Partner at Portal VC

Crypto Fundamentals #83

This week, Coinbase accuses the SEC and FDIC for improperly blocking document requests (Coindesk), Vitalik Buterin backs new blockchain MegaETH which raises $20 million at '9-figure' token valuation (TheBlock).

Protocol Highlight: TRON Network

Meet Dave, Leader of Ecosystem Development at TRON

Crypto Fundamentals #82

This week, Pantera Capital seeks to raise funds for second TON investment (The Block), US Congressman discloses purchase of VELO tokens (X/PelosiTracker_).

Protocol Highlight: Aptos

Meet Avery Ching, Co-Founder/CTO of Aptos Labs

Crypto Fundamentals #81

This week, Paradigm announces a new $850mm fund to invest in early-stage blockchain startups (Bloomberg), ether ETFs could start trading as soon as the end of the summer (Axios), MicroStrategy raises another $700m in latest convertible note offering (Coindesk).

Crypto Fundamentals #80

This week, metaverse project The Sandbox raises $20M at $1B valuation (Business Insider).

Sui: How are users leveraging its speed, security, & scalability?

Sui: How are users leveraging its speed, security, & scalability?

Evan Feng: Analyst of the Month

Meet Evan Feng: Partner & Director of Research at CoinFund

Crypto Fundamentals #79

This week, Paradigm Leads $70 Million Funding Round for Babylon Bitcoin Project (Bloomberg), T+1 settlement goes live on traditional financial markets (Reuters), Bitcoin ETPs start trading on London Stock Exchange (BitcoinMag).

Crypto Fundamentals #78

This week, Farcaster raises 150m Series A led by Paradigm (The Block), Genesis settles with NYAG for $2 billion (Coindesk), Metamask to add support for Bitcoin (Coindesk) and physically backed bitcoin and ether ETPs set to launch in the UK (Blockworks).

Crypto Fundamentals #77

This week, shares of Gamestop (GME) stock jumped >200% following cryptic tweets by @TheRoaringKitty, before crashing back down. Blast, an Ethereum L2 with native yield, confirmed an airdrop for June 26 (X).

Crypto Fundamentals #76

Robinhood Receives a Wells Notice. LayerZero Announces Hunt for Sybils

Crypto Fundamentals #75

Coinbase announced that it smashed earnings expectations

Matt and Felix (Outerlands): Analysts of the Month

Meet Matt & Felix from Outerlands, a liquid token manager that applies factor-based investing to digital assets.

Crypto Fundamentals #74

Lummis and Gillibrand propose a new stablecoin bill. Stripe announces stablecoin payments on Solana

Crypto Fundamentals #73

Bitcoin: The Halving

Protocol Highlight: The Open Network (TON)

Lean about TON from Justin Hyun, Director of Investments. We also highlight key metrics on TON vs L1s.

Artemis x QuickNode: OnChain Report Q1 2024

This report offers an in-depth analysis of blockchain consumer behavior, developer trends, and the venture capital investment outlook.

Crypto Fundamentals #72

Solana Experiences Network Degradation

Crypto Fundamentals #71

MakerDao approves deployment of $100mm of DAI into USDe/DAI markets

Kelly Ye: Analyst of the Month

Meet Kelly Ye: Portfolio Manager at Decentral Park Capital

Crypto Fundamentals #70

Developments in the land of Ethereum Roll-ups

Crypto Fundamentals #69

MakerDao Sees Competition Heat Up across Decentralized Stablecoins / Lending

Announcing Artemis Source Availability

A new step in verifiability and audibility

Crypto Fundamentals #68

Ethereum Upgrade ‘Dencun’ Goes Live, Reducing Data Costs for Layer 2 Roll-ups

Introducing: Artemis Bridge Flows Dashboard

Crypto's most comprehensive flows dashboard across major bridges. Track liquidity from source chains to destination chains in one place.

Announcing Stablecoin Activity Breakdown

Find what dApps and smart contracts are driving stablecoin activity per chain

Announcing Sybil Detection

Using machine learning to catch sybils on blockchains at scale

Stablecoin Usage Across Blockchain Networks

A data-driven look at stablecoin usage across blockchains

Crypto Fundamentals #66

Robinhood announces partnership with L2 Ecosystem Arbitrum

David Alderman: Analyst of the Month

Meet Davld Alderman: Research Analyst at Franklin Templeton

Crypto Fundamentals #65

Circle discontinues support for Tron

Crypto Fundamentals #64

Coinbase FY 2023 earnings smash analyst expectations

Ethereum FY 2023 Financial Overview

an in-depth look at Ethereum through the lens of a financial analyst

Crypto Fundamentals #63

Decentralized social application Farcaster spikes in user activity

Crypto Fundamentals #62

Tether reports $2.85B in quarterly profit

Felipe Montealegre: Analyst of the Month

Meet Felipe Montealegre: Co-Founder at Theia Blockchain

Introducing Solana Activity Monitor: What Drove User Activity on January 26th, 2024?

Crypto Fundamentals #61

Scientists utilize blockchain to simulate the origins of life on Earth

Crypto Fundamentals #60

Coinbase fights the SEC in court over the definition of securities

Crypto Fundamentals #59

USDC Stablecoin Issuer Circle confidentially files for IPO

Crypto Fundamentals #58

Visa announces new web3 loyalty rewards partnership

Cody Poh: Analyst of the Month

Meet Cody Poh: Investment Associate at Spartan Group

Crypto Fundamentals #57

NY financial regulator approves Paxos expansion to Solana

Crypto Fundamentals #56

FASB changes rules to allow for fair-value accounting of cryptocurrencies including Bitcoin on corporate balance sheets

Crypto Fundamentals #55

Sam Altman-backed Investment Vehicle Launches Bitcoin Private Credit Fund and Insurance Vehicle

December 2023: What's driving NEAR On-Chain Activity?

We highlight what's driving NEAR on-chain activity and how that affects NEAR's tokenomics.

Crypto Fundamentals #54

This week, Saylor’s MicroStrategy makes ~$600mm Bitcoin purchase, the largest since February 2021, Grayscale Investments hires former Invesco ETF lead John Hoffman to take on managing director role, and Bitcoin hits an 18 month high at $38.8k.

Patrick Bush: Analyst of the Month

Meet Patrick Bush: Senior Digital Assets Research Analyst at VanEck

Why Argentina's 2023 Presidential Election could be bullish for stablecoins

Argentina's president elect Milei has a plan to abolish the central bank and to dollarize Argentina. That plan could be a big spark for stablecoin adoption.

Crypto Fundamentals #53

Apollo and JP Morgan partner with blockchain platforms to transform the asset management space, NEAR is supported on the Artemis Blockchain Activity Monitor, UpvsDown User Activity (Gaming Application on Polygon)

Crypto Fundamentals #52

JPM institutes programmable payments for its native digital currency, JPM Coin, BTC Price vs. On-Chain Active Addresses, Telegram Bot User Growth (Banana Gun, Unibot, Maestro)

Crypto Fundamentals #51

Review of Modular Capital's Braintrust thesis, SocialFi User Retention, RabbitX Price vs. Trading Volume follow-ups

Artemis X QuickNode On-Chain Report

On-chain insights for web3 builders and investors

James & Vincent: Analysts of the Month

Meet James Ho and Vincent Jow: Co-Founders of Modular Capital

Crypto Fundamentals #50

JP Morgan Sees $1bn of Daily Transaction Volume of its native digital token (JPM Coin), RabbitX gains Perp Trading Market Share as Trading Volumes Rebound, Bot vs. Human User Filter on the Blockchain Activity Monitor!

Crypto Fundamentals #49

Review of Metaplex Investment Thesis (Modular Capital), friend.tech dominates active addresses and gas usage on Base, Q3 2023 gas usage across top Bridges declines ~32% QoQ

Crypto Fundamentals #48

Artemis Data Insights - YTD 2023 Roll-up Review: Launch of Base resulted in ~30% QoQ decline in transactions for Arbitrum, Average Fees / Transaction have compressed by ~17% QoQ in Q3 2023, zkSync boasts highest fees and transactions across layer 2 networks in Q3 2023

Crypto Fundamentals #47

Roll-up economics pre / post EIP-4844 (Cody @ Spartan Group!), Avalanche’s New Social Application Stars Arena grows to ~10k daily active users within two weeks of launch, Analysis of Q3 YoY Change in Ethereum Gas Fees and Transactions

Crypto Fundamentals #46

FASB’s new fair value accounting for cryptocurrencies such as Bitcoin receives positive feedback from pro-crypto constituents, GMX new users spike on Arbitrum after quests launch on Arbitrum Odyssey: Reignited, Analysis of Ethereum Layer 2 Networks Gas Usage

Cosmo Jiang: Analyst of the Month

Meet Cosmo Jiang: Portfolio Manager at Pantera Capital

Crypto Fundamentals #45

Google Cloud expands Web3 presence with the addition of 11 new blockchain networks and start-up partnerships, Spike in NEAR daily active user activity driven by e-commerce application Kai-Ching, ERC-4337 activity continues to heat up across chains

Crypto Fundamentals #44

Deutsche Bank dives deeper into Crypto Custody, Tokenization with Taurus Partnership, Ethereum sees spike in New Users (Wallet Transfers, ERC4337 contracts see increased activity on Optimism

Crypto Fundamentals #43

Luxury Houses launch services on Aura consortium's blockchain, Artemis Data Insights on Uniswap Gas Usage

Sam Andrew: Analyst of the Month

Meet Sam Andrew: an ex-BlueMountain Capital ($22B AUM) analyst bringing long-term frameworks and clarity to crypto.

Crypto Fundamentals #042

Coinbase takes a stake in stablecoin issuer Circle, Artemis Data Insights: Ethereum Gas Usage and Arbitrum vs. Optimism Fundamentals Deep Dive

Crypto Fundamentals #041

Stablecoin regulation and adoption progresses in ex-US jurisdictions, Artemis data insights on Base and Decentralized Perps

Crypto Fundamentals #040

Paypal Launches USD-backed stablecoin, Visa tests on-chain gas payments through fiat currencies / credit card payments