Lorenzo Valente (@lorenzoark) 's Twitter Profile
Lorenzo Valente

@lorenzoark

Crypto at @ARKinvest I Director of Research I Disclosure: arkinv.st/2rxmMRG

ID: 1792929584377155584

linkhttps://ark-invest.com/ calendar_today21-05-2024 14:46:08

445 Tweet

1,1K Followers

230 Following

Bankless (@banklesshq) 's Twitter Profile Photo

“I heard Tom Lee ( Thomas (Tom) Lee (not drummer) FSInsight.com ) describe the Circle IPO as the ChatGPT moment. Before, we were spitting in the wind with institutional investors. Now they’re finally studying crypto hard because you cannot miss the equivalent of AI and crypto together.” Cathie Wood of

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Since The Merge 1,030 days ago, only ~373k ETH net has been issued (accounting for the burn). In just the last 9 days, ETH ETFs have pulled in ~380k ETH. That’s 3 years of new supply eaten up in less than two weeks. Supply shock coming for BTC and ETH

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We’re starting to see the first based rollups go live, and once there are 2–3 high-revenue or MEV-generative protocols built on them, I think it’s going to supercharge and reinforce the ETH narrative even more.

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If you’re listening to the earnings calls of some of these huge TradFi companies and you’re still not bullish enough, you’re not paying attention. On JPMorgan’s call this morning: An analyst asked how JPM plans to keep customers from switching to more convenient payment

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In the two days since the ETH/BTC breakout: Bitcoin spot ETF inflows: $700M Ethereum spot ETF inflows: $451M ETH now accounts for 64% of BTC’s inflows, yet its market cap is still only 16% of BTC’s. People are underestimating the reflexivity between flows and price for the

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We’re living through history. Hyperscalers are projected to invest over $1 trillion in CAPEX over the next 3 years. Putting this boom among the largest capital deployments in history (2025-adjusted): 1) WWII – $5.3T 2) China’s Belt & Road (still ongoing) – $1.3T 3)

We’re living through history.

Hyperscalers are projected to invest over $1 trillion in CAPEX over the next 3 years. Putting this boom among the largest capital deployments in history (2025-adjusted):

1)  WWII – $5.3T
2) China’s Belt & Road (still ongoing) – $1.3T
3)
Lorenzo Valente (@lorenzoark) 's Twitter Profile Photo

Yesterday, Bitcoin spot ETFs saw $799M in inflows. Ethereum $726M. That’s 91% of BTC’s flows… from an asset that’s still only 18% of BTC’s market cap. Reflexivity continues....

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Imagine if, instead of just one Strategy, you had two, racing head-to-head to see who can accumulate the most ETH. That’s exactly what’s happening right now. Both Bitmine Immersion Technologies, Inc. and SBET (SharpLink Gaming) now hold more ETH than the Ethereum Foundation. They both have roughly 30 bips

Imagine if, instead of just one <a href="/MicroStrategy/">Strategy</a>, you had two, racing head-to-head to see who can accumulate the most ETH.

That’s exactly what’s happening right now.

Both <a href="/BitMNR/">Bitmine Immersion Technologies, Inc.</a> and <a href="/SharpLinkGaming/">SBET (SharpLink Gaming)</a> now hold more ETH than the Ethereum Foundation.

They both have roughly 30 bips
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Sharplink is set to buy $5B worth of ETH through a common stock offering. At today’s prices, that’s over 1.4 million ETH. Since the Merge (2 years, 307 days ago), Ethereum supply has only increased by ~389K ETH. In other words: SBET (SharpLink Gaming) is buying 3.6x all ETH issued

Sharplink is set to buy $5B worth of ETH through a common stock offering.

At today’s prices, that’s over 1.4 million ETH.

Since the Merge (2 years, 307 days ago), Ethereum supply has only increased by ~389K ETH.

In other words:
<a href="/SharpLinkGaming/">SBET (SharpLink Gaming)</a> is buying 3.6x all ETH issued
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One of the biggest miscalculations in the criticism of L2s and Ethereum’s rollup centric roadmap is the assumption that fintechs and exchanges coming onchain would prioritize deploying where liquidity and atomic composability already exist. Prioritizing fast and high-performance

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We think crypto, particularly smart contract L1 tokens, represents a distinct and transformative asset class. Ethereum stands out as foundational: it secures the on-chain economy via proof-of-stake, enables transactions, and acts as programmable collateral at the protocol layer.

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+1.6B USD in USDe supply in the last week. Entering the next phase of expansion, there is going to be ample room for Ethena Labs to grow USDe supply and capture more of that funding rate revenue. Open interest usually grows much faster than marketcap in the bull market.

+1.6B USD in USDe supply in the last week.

Entering the next phase of expansion, there is going to be ample room for <a href="/ethena_labs/">Ethena Labs</a> to grow USDe supply and capture more of that funding rate revenue.

Open interest usually grows much faster than marketcap in the bull market.
Lorenzo Valente (@lorenzoark) 's Twitter Profile Photo

Aave just surpassed $53 billion in total deposits: - $28B in ETH and derivatives - $7B in BTC and derivatives - $15B in stablecoins If you assume in the next 6 months that ETH moves toward $10,000, BTC toward $200,000, and stablecoin supply doubles, Aave's total deposits would

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Whether you love or hate pump.fun, everything comes down to price at some point. They raised $1.3B and pulled in over $700M in the past year. Plus, they’ve got hundreds of millions worth of $PUMP in the treasury, plenty of ways to get creative with that. At a $2.4B FDV, it’s

Whether you love or hate <a href="/pumpdotfun/">pump.fun</a>, everything comes down to price at some point.

They raised $1.3B and pulled in over $700M in the past year. Plus, they’ve got hundreds of millions worth of $PUMP in the treasury, plenty of ways to get creative with that.

At a $2.4B FDV, it’s
ARK Invest (@arkinvest) 's Twitter Profile Photo

Scaling blockchains: where do things stand in mid-2025? Lorenzo Valente shares how Ethereum, Solana, and more are advancing scalability and shaping the future of decentralized infrastructure. He also reflects on how these trends align with our "Big Ideas 2025" research.