About
What this is, and where to look.
About this project
STATE OF CRYPTO · ONCHAIN, IN PLAIN LANGUAGE
State of Crypto is a live, plain-language read on the onchain economy, built to bring clarity to a space that is usually buried in jargon and dashboards made for traders.
Each section answers a simple question about the ecosystem, its activity and its participants: how big the market is and who leads it, where capital and usage actually sit across chains, how the dollar lives onchain as stablecoins, and how real-world assets are being tokenized, with traditional finance and crypto-native players side by side. Everything is built on live onchain data (CoinGecko via Uniblock, with DeFiLlama for TVL), shown in one calm, monochrome design so the numbers do the talking. Use the tiles below to jump in.
Contributors and Supporters
Sanjeev Arora, Toronto
Focus areas: Product Strategy and Innovation, Connect with me on LinkedIn, SubStack: Second-Level Thinking
Disclaimer
This project is a work in progress and is updated frequently as new information, insights, and community feedback emerge. The content shared is based solely on my own research and does not represent the views of my employer or any affiliated institution. Any references to publicly listed companies or digital assets are for informational purposes only and do not constitute investment advice or a recommendation to buy or sell any security or digital asset.
These views are informed by my perspective as a technology researcher with a vested interest in economic resilience, responsible innovation, entrepreneurship, and the long-term well-being of our communities.
Web3 Economics
HOW VALUE FLOWS ONCHAIN
Where fees and revenue actually come from — DEX volume vs the fees protocols earn, and the top protocols by activity.
Explore →Glossary
PLAIN-LANGUAGE DEFINITIONS
The web3 and DeFi terms used across these dashboards, each explained in one sentence and linked to where it appears.
Explore →Market Pulse
MARKET SIZE, LEADERS & MOMENTUM
Total market cap over time, Bitcoin and Ethereum dominance, the top tokens by value, and which way the market is moving today.
Explore →Chains
WHERE THE ACTIVITY LIVES
Total value locked, transaction fees and DEX volume across the major Layer-1s and Layer-2s — who is actually being used.
Explore →Stablecoins
THE DOLLAR, ONCHAIN
Circulating supply by issuer, market share between Tether, Circle and the rest, and how stablecoin value is split across chains.
Explore →Tokenized Assets
REAL-WORLD ASSETS ONCHAIN (RWA)
Tokenized treasuries, stocks, ETFs, metals, private credit and real estate — how TradFi-issued, crypto-wrapped and crypto-native issuers compare, plus the off-chain institutional context.
Explore →