For a comprehensive view of the #cryptonativecryptonative.pwn.xyz/cryptonative... 🧵9/9 That's all folks. Thanks for reading and sharing ;)

The lending sector saw a 36% decline. Aave solidifies its lead, with BNB native Venus Protocol emerging as a strong competitor. This comes amidst BNB Chain's 13% growth in users and a 57% drop in fees. 🧵8/9

NFT Marketplaces faced an 87% plunge in fees, the steepest across all categories. Intriguingly, despite Blur's meteoric 2718% rise, Opensea maintained its lead, generating 238% more in fees, even after a 91% decrease. The Top3 is completed by Manifold, second in terms of fees generated. 🧵7/9

DEXs kept their transaction volume steady but saw a 51% reduction in fees, likely due to heightened competition and Layer 2 growth. @uniswap.org remains the dominant player in this more efficient and maturing market. Followed by PancakeSwap, SushiSwap, TraderJoe and Balancer rounding the Top5.🧵6/9

In DeFi Derivatives, GMX has overtaken dYdX with a 61% lead. The category shows significant consolidation in terms of annual fees, third Synthetix included. 🧵5/9

Layer 2s are on the rise, with a staggering 411% growth compared to last year, now accounting for 2.7% of total industry fees reported. Arbitrum leads after a 190% increase, closely followed by zkSync, with Starknet approaching Optimism's third spot. 🧵4/9

Layer 1s continue to lead, growing from 48% in 2022 to 59% of total fees in 2023. Ethereum was overtaken by other L1s combined in September. Tron's fees tripled amid a 23% rise in users. BTC fees spiked (ordinals), BNB Chain saw a reduction despite user growth. Ethereum maintained its user base.🧵3/9

A remarkable turnaround in the crypto landscape: After hitting a low in September, fee generation soared by 50% in December vs November. The year's total on-chain fees reached $7.7 billion, down 33% from last year, marking the lowest fee generation since 2021. 🧵2/9

PWN’s Cryptonative Economy Report 2023 just landed and it’s packed with insights! Here’s a thread with key takeaways. 🧵1/9

PWN Token Bundler deep dive? Yes, please! x.com/pwndao/statu...