What Happened Onchain in 2023?
And What's Coming in 2024?
👋🏽 Hello everyone, gm gm, WELCOME BACK to another edition of the Overpriced JPEGs newsletter!
What you’ll read below is a premium onchain report published by Kyle Reidhead from Web3 Academy, who have joined up with us to write + curate in-depth, quality content directly in your inbox!
As always, if you enjoy this one, let us know by replying to this email! Let’s get into it.
What a year 2023 has been for the onchain world.
2023 was the year that many began to understand that onchain IS the next online
2023 was the year that showed us that onchain was once again NOT “dead”
2023 was a big year and 2024 looks to be setting up to be even bigger.
To help us understand where things are heading, it’s always wise to take a step back and look at how we got here.
In today’s PRO report we are doing a 2023 year in review: Onchain edition.
We already did a review of the news and events that shaped our industry in 2023, now we move deeper to real onchain analysis across the crypto and web3 ecosystem.
We’re looking at where the value ($$) accrued in 2023, where the users went as well as where the most activity was. From chains to apps, we’re doing a full onchain review of 2023.
This will set us up to understand past and current trends and help us to make big decisions for this current cycle.
So let’s not waste anymore time and get into it…
Where Did Value Accrue Onchain?
Let’s start with the most obvious and yet the most exciting.
More than $890 billion dollars moved onchain throughout 2023, as seen by the increase in the total crypto market cap.
Uh, Oh... 😧 The rest of this report is exclusive to Web3 Academy PRO & Founding members!
To unlock access to it & start receiving weekly onchain reports that will help you invest and build in web3, upgrade your subscription.
Disclaimer: This article is for informational purposes only and not financial advice. Conduct your own research and consult a financial advisor before making investment decisions or taking any action based on the content.