Onchain dev activity has tanked hard ever since ~March 2024

= Corresponding with first big memecoin wins, e.g. when $BOME launched

Down ever since

Why?

Well, remember it’s basically impossible to make custom tokens on Solana, and Solana is dominating this cycle

There are still SOME particular areas where dev work can still be hugely valuable this cycle

— but not in making custom coins, as was the case in previous cycles

Chart makes sense

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Ethereum dev activity peaked in ~August 2022

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Almost 70 countries have now approached us wanting to help rebalance global trade

Bigger V-shaped recovery & boom incoming?

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The $VIX increased 118% over the last 3 trading days, the 5th biggest 3-day spike ever

What has happened in the past following the biggest $VIX spikes

Stocks have tended to bounce back with above-average returns over the next 1-5 years

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$FARTCOIN keeps printing

Perps boys in shambles

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$BTC has reached -32% drawdown from ATH

Compare to past drawdowns since 2010

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Daily US option volume has surpassed 100 million contracts for the first time in history

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fellas?

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Uber drivers gonna love this

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Log-log

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MVRV plummets

Now right in line with where it was before the start of past big rallies

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Trump says he might not reduce tariffs on Israel because "we give Israel billions of dollars a year"

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$192k

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US Supreme Court sides with Trump — deportations of violent Tren de Aragua gang members to resume

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Bottom’s in?

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