The data encryption leaders want the most

by Arthur · September 8, 2022

Table of Contents

Christine Smith

CEO of the Blockchain Association

The crypto industry hears a lot of unsubstantiated feedback from critics that there aren’t – or can’t be – a meaningful number of people working on crypto in this country. As CEO of the Blockchain Association, a Washington, DC-based trade association representing the sector’s leading investors, companies, projects and protocols, I know from experience that there are thousands of brilliant minds from various industries who have entered crypto over the last few. years: Putting a hard number on these converts would be very helpful in our talks in Washington.

Across our nearly 100 member companies, there are currently more than 2,100 job vacancies, including software engineers, communications professionals and public relations professionals. However, we don’t have hard numbers on the number of jobs filled across the industry – and the industry’s economic impact on the US economy. It would be incredibly fascinating and useful to know how many people have come to crypto from Web 2.0 or other industries, where those jobs are clustered – especially given the remote, decentralized nature of the industry – and which cities are seeing the biggest growth.

The Blockchain Association is working to aggregate this data across its membership and hopes to make it a resource for the larger industry in the future. By highlighting the number of builders, developers and innovators in this space – and the industry’s overall economic impact – we can demonstrate to Washington that crypto is here to stay.

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Chris Harmse

Co-founder and managing director of BVNK

Cryptocurrencies have moved into the mainstream. Companies have built large crypto positions while crypto-native businesses are proliferating around the world. Our customers from across this spectrum tell us they need the financial management tools to help them make international payments or respond to subtle changes in market currency; not only for crypto but also for fiat. For example, they may need to carry on with fiat and settle a payment somewhere else in the world with crypto. To do it as quickly, securely and efficiently as possible, they need an institutional window on crypto market data.

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Marc Arjoon

Ethereum Research Analyst at CoinShares

As a research analyst, aggregate chain analysis will be the most useful as they are the most difficult to obtain and play an integral role in research. For blockchains, a time series of metrics such as issuance, burn rate, daily active users, daily transactions, etc., are the most useful. A tool that can combine and compare these metrics across different chains will enable easier comparisons. In addition, smart contract data for decentralized financial applications will be even more useful since it is not readily available and the developers usually do not post any analytics.

Comparing similar KPIs over time, such as supply-side revenue, protocol revenue, emissions, unlock plans and monthly active users, will provide better relative valuation analysis. Currently, earnings and revenue data are scarce and vary between sources – mining data for these can be tedious as each app uses its own terminology for different metrics. Diving deeper, sector-specific metrics like those of lending protocols such as loan volume, utilization rate, liquidation levels, lending rates, etc., will shine some light on lending activity within DeFi. Lending is the lifeblood of an economy, and greater detail will help measure different risks among lenders and borrowers. Sectors such as decentralized exchanges, bridges and asset management will also benefit from more detailed data to see which tokens are traded the most and where these tokens are moving. More activity continues to move on the chain, so I expect this data to see greater demand as it continues to become more valuable.

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