GM, and welcome to the third 2023 edition of the CoinStats Scoop Monthly Review! 🥂 Before a dive into March’s exciting developments, here’s a refresher on what we’ve covered throughout the month:
“🐉 Crypto Opportunities Galore” — broke down announcements from Uniswap, Polygon, and Metamask, covered and read through all things BTC NFTs, and provided the usual noteworthy developments along with a market overview
“🌪 Crypto Chaos, SVB Fails, and Wallet Wins” — covered Amazon’s announcement of their coming NFT collection, detailed exciting wallet announcements from Coinbase and Instadapp, and read through the importance of holding conviction while focusing on crypto’s long-term trajectory
“☘️ Chasing the Green” — detailed the strong rally that began in late March, highlighted the tools to use for proper security and crypto portfolio management (hint: CoinStats), read and thought through Arbitrum’s upcoming airdrop and provided the usual weekly coverage
“💌 Interface Is the Message” — broke down all the recent ETH L2 announcements, highlighted the continuous increase in crypto’s demand from large institutions, analyzed interfaces and why they’re the key to adoption and covered the usual news and market
March’s Market Review
As we’ve consistently repeated throughout the start of the year (originally in our first monthly review of 2023), “minor pullbacks in token prices are expected, the outlook for 2023 continues to improve drastically, and the long-term future of crypto has never looked brighter!”
Well, the long-term future of BTC, ETH and crypto at large was massively improved during March as we once again witnessed the original reason Bitcoin was created through a number of high profile United States banking collapses. 🤯
https://twitter.com/MartyBent/status/1637496788285259776?s=20
As a spillover effect of the banking crisis, crypto’s ability to provide safe haven in digital assets that user’s truly own and control was on display as Bitcoin rallied to as high as 29.5k before ultimately settling back down above 28k and gaining a strong 20% in March! 💪 Ethereum followed behind in its big brother’s footsteps gaining half of what BTC but still resulting in an impressive 10% monthly gain!
https://twitter.com/NorthRockLP/status/1634217757700128768?s=20
Some other strong, green tokens throughout the course of March include:
JOE +137%, CFX +80%, MASK +64%, XRP +42%, INJ +30%, RON +22%, BNT +21%, IMX +14%, CELR +12%, KEEP +10%, ADA +7%, BNB +4%, XMR +4% & GNO +4%
https://twitter.com/cburniske/status/1640040132106387462?s=20
As we’ve said numerous times and Chris reiterates above, there will likely continue to be short-term noise in prices but the ongoing bank crisis reinforces crypto’s bright long-term future! 🤩 April will surely bring another wild month to crypto and global assets so it’s always paramount to remember to have patience, stay engaged, and keep a long-term vision for crypto front and center. Surviving the short-term noise ensures that you’ll be handsomely rewarded despite the endless bumps and bruises along the way! 🤑
March’s Noteworthy Developments
Amazon NFTs 🤯 — Amazon is entering the crypto space and “laying the groundwork to give its customers the ability purchase NFTs tied to real-world assets”
Microsoft, the world’s third largest company, is said to be working on a crypto wallet for its web browser Edge; the company is reportedly working with Ethereum development giant Consensys to build its native crypto features and support 🤯
Fidelity, one of the world’s largest asset managers, quietly launches its retail product Fidelity Crypto, enabling millions of users to buy BTC & ETH
Payments giants Mastercard and Visa continue to expand crypto offerings as they partner with crypto startups worldwide to offer crypto debit cards
Gaming giant Epic Games announced it has “close to 20” crypto games in its native store pipeline to add to its platform in the next year
MetaMask, the most popular crypto wallet, launches its SDK in Unity’s Asset Store, allowing game developers to easily integrate the crypto wallet into any game.
Chainlink (LINK) launches the Chainlink Functions beta version enabling users to easily connect a crypto smart contract to any Web2 API to bring real-world data on-chain
Chiliz, the sports & entertainment Fan Token ecosystem, announces a $50 million incubator program backed by Jump Crypto.
Polygon’s MATIC launches Polygon ID, the “open source identity infrastructure unlocks passwordless login, verifiable proof-of-uniqueness, reusable KYC, and instant onboarding use cases for web3 developers.”
Crypto’s top venture firm Polychain Capital is looking to raise $400 million for its fourth crypto fund.
Scroll, the Ethereum layer 2 developer that builds zero-knowledge scaling solutions and currently has a zkEVM L2 running on testnet, raises $50 million at a valuation of $1.8 billion
Crypto exchange Gate.io partners with Visa to launch Gate Visa crypto debit card in Europe
Getty Images, the massive visual media company, plans to launch a series of its rare, historical photographs as NFTs
Binance’s NFT marketplace now supports Polygon and all MATIC-based NFTs
The National Australia Bank completes its first intra-bank cross-border transaction using its own stablecoin on Ethereum
Nexon, one of Asia's largest game publishers, announces the expansion of their popular MapleStory game to crypto. The Universe will be built on Polygon’s MATIC
CCP Games, the studio behind the #1 free MMORPG game, Eve Online, raises $40 million to build a blockchain-based Web3 game set within the Eve Online universe
Immutable X (IMX) partners with Polygon’s MATIC to announce a new gaming partnership and the launch of the Immutable zkEVM scaling solution
Nasdaq, the 52-year old global exchange operator, is set to launch a crypto custody service by the end of June, says the institutional appetite for crypto remains steady
Gaming giant Sony files new patent to enable customers to use NFTs both inside and outside the Sony ecosystem
Immutable X (IMX) partners with Polygon’s MATIC to announce a new gaming partnership and the launch of the Immutable zkEVM scaling solution
Telegram, one of the world’s most popular messaging apps, announces the launch of of a new feature, enabling users to transfer Tether (USDT) natively through chats
Building for the Next Billion Users 💪
As we exit March and head into April, one of the standout themes throughout the course of the month was that of consistent focus and building towards improving the crypto rails that will help onboard the next billion+ users! Below are some of the amazing announcements that occurred throughout March showing the consistent progress teams across crypto are making as we continue to push towards eventual global adoption. 🤩
Polygon officially launches their long-awaited zkEVM!
https://twitter.com/0xPolygonLabs/status/1641137013083471882?s=20
Arbitrum’s official launch video as its token went live on March 23rd 🚀
https://twitter.com/arbitrum/status/1638888588443111425?s=20
Polygon details its new gaming partnership with Immutable X (IMX). Immutable will build on top of the new Immutable zkEVM powered by Polygon!
https://twitter.com/0xPolygon/status/1637878834945990675?s=20
zkSync officially announces that their zkEVM ETH L2 scaling solution is live and open to all users!
https://twitter.com/zksync/status/1639251197898129408?s=20
Metamask’s software development kit (SDK) is now live in the Unity Asset Store giving access to crypto wallet rails to game developers world wide! 🤯
https://twitter.com/MetaMask/status/1630617494770663432?s=20
Uniswap announces their new mobile wallet is here!
https://twitter.com/Uniswap/status/1631691330031169537?s=20
In addition to the number of announcements from crypto native companies shipping developments that make the onboarding of the next billion+ users to crypto more seamless, we saw the institutional demand for crypto continue to skyrocket throughout March as the following giant, global corporations deepened their crypto strategies this month:
Amazon, Starbucks, Planet Hollywood, Getty Images, Fidelity, Mastercard, Visa, Epic Games, National Australia Bank, Microsoft, Nasdaq, Sony, CCP Games, Telegram, Nexon, & more!
As a constant reminder and moment of appreciation as we head into what is sure to be another crazy month of crypto: while we’re enjoying the current upward bull trend, dedicated teams across the space, including CoinStats, are working to provide improved services for the next billion users of crypto. 💪
Tweets & Memes
March provided a key reminder to ignore the short term noise & focus on crypto’s longterm! 🌞
https://twitter.com/dcfgod/status/1634235032289042432?s=20
BTC and crypto continue to be a massive sleeping giant!
https://twitter.com/AviFelman/status/1634361128561025027?s=20
Our Midas NFT monitoring system continues to provide insane value 🤯
https://twitter.com/CoinStats/status/1632411771628580868?s=20
Microsoft joins Amazon in crypto development. We’re ready for their crypto strategies! 🤑
https://twitter.com/sassal0x/status/1636935938814406657?s=20
Wrapping Up
March was another great month for the crypto industry as the moment that started at the turn of the calendar to 2023 continues! 🤑 BTC led the way this week with an impressively strong rally, Arbitrum launched their long-awaited token, ETH L2s continued to ship new products including 3 (!!) new zkEVMs from Polygon, zkSync, and Immutable, and the institutions keep coming to crypto! 💪
The outlook for 2023 continues to improve drastically, and the long-term future of crypto has never looked brighter! As usual, CoinStats will continue to guide you through the world of crypto and DeFi. We'll see you on Monday for another edition of CoinStats Scoop! 😎