Four companies & DAOs dominate the revenue meta in the stabl

Four companies & DAOs dominate the revenue meta in the stablecoin issuers market sector:
@Tether_to Private
@circle $34.76B FDV
@ethena_labs $4.19B FDV
@SkyEcosystem $2.41B FDV

#DAO

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less is more JPM manages thousands of assets across thousands of opaque ledgers BTC manages one asset on an open-source & global ledger

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ICYMI: TVL (liquidity) on @orca_so is up by ~40% since the start of April.

Ethereum builds infra for L2s like @base. Morpho builds infra for vault curators like @gauntlet_xyz. Common criticism of the modular approach: L2s eat into the L1's economics. This occurs if both layers try to serve the exact same customers, with the exact same product. If not, the layers are likely differentiated enough for the modular approach to makes sense.

L2s by 30d fees: The @Polkadot-secured @EnterTheMythos ranks #3, following the @ethereum-secured @base & @arbitrum.

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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}Four companies & DAOs dominate the revenue meta in the stablecoin issuers market sector:

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Four companies & DAOs dominate the revenue meta in the stablecoin issuers market sector: