In this week's episode of The Rundown, Michael and Shiv break down all of the important data and key takeaways from the Q4 issue of The Ethereum Investment Framework — which you can download here: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Topics covered: - Ethereum's onchain Profit & Loss - Value Accrual: ETH holders vs ETH Stakers - Tokenomics & circulating supply - Ethereum Comps to the top 10 L1s - Now vs Then (Q4-23 vs Q4-17) by the numbers and fundamentals - BTC vs ETH - Price action through cycles - Ethereum's GDP - Growth of L2s by the numbers (users, transactions, developers, fees) We hope you enjoy this week's episode! ------ Subscribe on YouTube: https://bit.ly/3SeyyA8 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ Learn More about Token Terminal: https://tokenterminal.com/