RECAP: ROLLING RECESSIONS

Impact on Crypto

TODAY’S TAKE

• 60-80% of staked ETH is at a loss; might curb selling pressure in March

• Optimism & Arbitrum surpassed ETH in combined daily transactions

• Solana’s daily active addresses returned to levels before the recent outage

• Institutions constitute almost 90% of Coinbase’s trading volume

• Retail accounts for 96% of Coinbase's transaction revenue

• Since COIN’s …