📊 EV’s Charts of the Week #92
Crypto, freight, Arctic navigability, textile, cars++
Hi, I’m Azeem Azhar. I convene Exponential View to help us understand how our societies and political economy will change under the force of rapidly accelerating technologies. Every Wednesday, I do this in Charts of the Week.
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DEPT OF CRYPTO
Into the crypt
Crypto activity across developers, investors and consumers is down 40-90% from its peak. For example, Gross Merchandise Value (GMC) on decentralised exchanges (DEX) decreased by 90% since June.
Layer 2 transactions are a growing share of Ethereum transactions, up to 40%.
The cheapest bricks
However, given that L2 transactions are very cheap, they only make up close to 2% of their fees.