Research Summary
The report provides a review of the onchain activities in 2023, highlighting the significant growth and trends in the crypto and web3 ecosystem. It also discusses the value accrued onchain and the increase in the total crypto market cap.
Key Takeaways
Onchain Activities in 2023
- Significant Growth: The report highlights that 2023 was a significant year for onchain activities, with many people beginning to understand its potential as the next online frontier. The year also debunked the notion that onchain was “dead”.
Value Accrued Onchain
- Massive Value Movement: The report reveals that more than $890 billion moved onchain throughout 2023, indicating a significant increase in the total crypto market cap.
Onchain Analysis
- Deep Dive into Onchain Activities: The report provides a comprehensive onchain analysis across the crypto and web3 ecosystem, examining where the value accrued, where the users went, and where the most activity was.
Looking Ahead to 2024
- Anticipated Growth: The report suggests that 2024 is shaping up to be an even bigger year for onchain activities, indicating potential growth and development in the sector.
Exclusive Content for Members
- Member-Only Access: The report indicates that the rest of the content, which likely contains more detailed analysis and insights, is exclusive to Web3 Academy PRO & Founding members.
Actionable Insights
- Explore Onchain Activities: Given the significant growth in onchain activities in 2023, it may be beneficial to explore and understand the dynamics of onchain transactions and their implications for the crypto and web3 ecosystem.
- Monitor Crypto Market Cap: With over $890 billion moved onchain in 2023, monitoring the total crypto market cap could provide insights into the value accrued onchain and potential trends.
- Anticipate Future Trends: As the report suggests that 2024 could be an even bigger year for onchain activities, anticipating and understanding potential future trends could be beneficial.
