0xChris Profile
0xChris

@chrislepensky

1,732
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1,438
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1,000
Statuses

I talk about crypto, cars, and health/fitness once in a while Former Data Science Lead: @0xProject / @matchaxyz , @variantfund , @utopialabs_

San Francisco, CA
Joined May 2008
Don't wanna be here? Send us removal request.
@chrislepensky
0xChris
2 years
All the old projects are getting refunded and contracts returned by @ZAGABOND . He's doing everything possible to right his wrongs. And CT is dead quiet about it. All we do is tear people down in this space and we need to change.
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@chrislepensky
0xChris
1 year
Since reading this tweet earlier this month, I felt there was more to the story and wanted to dig deeper. Now with Celo data on Dune, we can match the analysis apples to apples with data for each of the blockchains. A 🧵on Blockchain usage.
@a16zcrypto
a16z crypto
1 year
Active addresses were at all time highs last month. Check out all the updated data at
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@chrislepensky
0xChris
2 years
I’m thrilled to announce that I have joined @variantfund as their first Data Scientist! I'm incredibly excited to work with @spencernoon , @ljin18 , @jessewldn and the whole team to support and invest in the next generation of world-changing web3 companies.
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@chrislepensky
0xChris
1 year
Sadly I was laid off from my position as Data Lead @utopialabs_ along with the majority of employees. If you know of any job openings for senior data folks please reach out. DM’s are open and I appreciate anything that people send my way!
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@chrislepensky
0xChris
3 years
@0xProject is now facilitating the majority of aggregator volume on Ethereum 🚀 Credit to @sui414 for the dank Dune dashboard.
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@chrislepensky
0xChris
1 year
@Jason @OpenAI First thing a Data Scientist would tell you. Texas probably has more than 4 EVs in 2022 and this data set is most likely incomplete to answer some of your questions.
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@chrislepensky
0xChris
11 months
Happy Thanksgiving everyone and welcome to the world my daughter Olivia
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@chrislepensky
0xChris
3 years
I too am amazed at my prodigious ability to buy NFTs at their top and lose all my ETH. At least the engagement photos came out well.
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@chrislepensky
0xChris
2 years
Reddit NFTs/Collectible Avatars have gained massive attention for their quick growth. But how many of these users actually leave the confines of Reddit and use their wallets in the broader web3 ecosystem? Let’s dive in!
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@chrislepensky
0xChris
1 year
@APompliano $4 million of that was CGI to remove the homeless and trash
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@chrislepensky
0xChris
3 years
A huge milestone for 0x 🔥
@0xProject
0x
3 years
0x protocol broke $100B in all time volume and we're still just getting started!
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@chrislepensky
0xChris
3 years
0x bringing the 🔥 to the NFT market. Cambrian explosion of NFT builders and projects incoming.
@0xProject
0x
3 years
Support for NFT swaps is coming to 0x Protocol v4 on @ethereum @0xPolygon @BinanceChain @FantomFDN @avalancheavax @CeloOrg @optimismPBC ! This upgrade combines creator-centric features and massive gas savings making it cheaper than ever to swap NFTs 🧵👇
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@chrislepensky
0xChris
1 year
Super excited to join @utopialabs_ as their lead of data! Huge shoutout to @JacobKerr17 at @paradigm for connecting me with many of their great portfolio companies!
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@chrislepensky
0xChris
2 years
Excited to share some of the dashboards I've put together that analyze @sudoswap ! Understanding the metrics around Sudoswap pools is crucial to LPs and individuals who are interested in becoming an LP. I've put together the most important stats here: here:
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@chrislepensky
0xChris
2 years
Sweated through this suit about ten minutes later. Greek summers are no joke.
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@chrislepensky
0xChris
3 years
Who’s in LA? 🙋🏼‍♂️
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@chrislepensky
0xChris
1 year
When we account for this, we see that the growth over the past 2 years on EVM blockchains is significantly reduced; with growth since October 2022 being relatively flat at only 1% through May 2023. This paints a very different picture compared to the first non-deduped graph.
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@chrislepensky
0xChris
2 years
Back in the US. All I see is fat people.
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@chrislepensky
0xChris
1 year
Removing Solana from the graph to observe the trend of EVM chains alone, we see that total transactions among all the top chains have been flat to slightly declining.
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@chrislepensky
0xChris
2 years
Matcha is looking a bit different today 🍵 @matchaxyz Our new transactions module is now live which highlights the best routes possible for your swap when taking into account estimated slippage!
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@chrislepensky
0xChris
2 years
I did a thing this past weekend.
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@chrislepensky
0xChris
2 years
👉👈 Soooo I think I just bought a house....
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@chrislepensky
0xChris
1 year
Overall, when we break down the metrics of the original growth graph, it looks like there’s more to unpack. From June 2021 to May 2023, non-deduped data shows a 146% growth in active wallets, but if deduped the growth is only 65% over the same time frame.
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@chrislepensky
0xChris
1 year
This doesn't paint the prettiest picture for crypto in the short -term, but I absolutely believe in the long-term future of crypto and expect to see billions on wallets over the next decade.
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@chrislepensky
0xChris
1 year
While the initial multichain graph can be useful in specific instances, I believe this deduped wallet metric is the best way for us to assess the true number of users within the ecosystem and measure the future growth of new entrants.
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@chrislepensky
0xChris
1 year
And combining recent active wallet data with transaction metrics shows that we are truly in a bear market with stagnant user and usage growth.
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@chrislepensky
0xChris
2 years
@spencernoon Currently doing exactly this
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@chrislepensky
0xChris
3 years
What I learned at ETH Denver today: No one can agree on wtf a DAO is.
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@chrislepensky
0xChris
1 year
The big spike that occurred in May was primarily driven by Solana Active wallets and appears to be an outlier among a declining trend. The May spike in Solana usage appears to be unsustainable with June numbers coming in drastically lower for the month so far.
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@chrislepensky
0xChris
3 years
I retweet way more than posting original content. But my constant DCAing $ETH $SOL and $AVAX doesn't excite CT. Will make a bigger effort for more on-chain analytics posts to be cool like @sui414 . And shill my $TIME bag.
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@chrislepensky
0xChris
2 years
Congrats to the team! Only the beginning.
@0xProject
0x
2 years
0x Labs has raised $70M in a Series B round led by @GreylockVC to continue expanding Web3’s core exchange infrastructure 🎉
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@chrislepensky
0xChris
2 years
CT: Solana is dead Actual data: DAUs are increasing 🤔 Source:
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@chrislepensky
0xChris
3 years
I told my fiancee I would sell my Azuki for a new car once we reached its price. I lied. We're higher than that now and I'm not selling!
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@chrislepensky
0xChris
2 years
Got my birthday meme from work @0xProject . Glad to know they think I'm the most interesting man in the world. More shenanigans coming this week with my wedding on Saturday!
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@chrislepensky
0xChris
1 year
But, when counting active wallets across EVM chains, most analyses do not dedupe for the same wallet being used on multiple chains. If I make transactions on various EVM chains with the same wallet, I would be counted as 2,3,4 or more users if the data is not deduped.
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@chrislepensky
0xChris
1 year
Separately, when looking at the # of transactions it is a different story - the trend has been decreasing over the past ~1.5 years with Solana accounting for most transactions.
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@chrislepensky
0xChris
1 year
When we limit to just EVM chains we see that the total active wallets spike decreases.
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@chrislepensky
0xChris
2 years
Going through the home buying process has convinced me that it can and needs to be put on the blockchain. So many middlemen who are adding absolutely no value and complicating the process.
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@chrislepensky
0xChris
2 years
@Ninjascalp Different story when you show it in terms of ETH
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@chrislepensky
0xChris
2 years
Loving the new Dune query running screen @DuneAnalytics
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@chrislepensky
0xChris
1 year
@Jason 1 table didn’t get the dress code
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@chrislepensky
0xChris
2 years
What this means: Many new wallets are being created to mint/transfer World Cup NFTs while a minority are trading for them on NFT Marketplaces. While this is new behavior compared to previous collections, it is still not showing a large amount of onboarding to other areas of Web3.
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@chrislepensky
0xChris
2 years
Guys....We need to pump crypto for the weekend otherwise my soon to be inlaws will think I'm broke.
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@chrislepensky
0xChris
3 years
Check out my showcase! #TopShotShowcase
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@chrislepensky
0xChris
2 years
Solana mega issue!
@ournetwork__
OurNetwork 🔎
2 years
To address the elephant in the room: Is $SOL dead? 💀 We checked the chain and it turns out... NO IT IS NOT. Dig into the coverage on @solana @bonk_inu @orca_so @JupiterExchange @MagicEden by wizards @chrislepensky @walkerguffey @hellochow @Derekmw23 :
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@chrislepensky
0xChris
3 years
Guy walking around claiming to have bought 1.6k of btc back in 2011 and minted 30 apes including the 3rd most rare. I expect him to be kidnapped by the end of the day.
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@chrislepensky
0xChris
2 years
I’m particularly excited about projects in these areas: Improving access to Web3 data Real world assets on-chain DEFI that lowers barriers to entry for sophisticated financial tools
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@chrislepensky
0xChris
1 year
Looking at total active wallets across the major EVM chains and Solana, we can see that my graph below matches up with @a16zcrypto for the past 2 years. We observe growth in active wallets with a strong spike in May 2023.
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@chrislepensky
0xChris
3 years
Archibald decrees, Up Only from here on out @matchaxyz
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@chrislepensky
0xChris
1 year
We might be in a bear market but the crypto community is strong! I received 4x the messages on here for my looking for a job post compared to LinkedIn ❤️
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@chrislepensky
0xChris
2 years
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@chrislepensky
0xChris
1 year
@ImATeapot_418 @Jason @OpenAI Google certainly thinks so. Unless they were all bought in 2023.
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@chrislepensky
0xChris
2 years
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@chrislepensky
0xChris
3 years
I dont go into my Solana wallet often but just saw that I got an NFT from @coherenceNFT and @ChorusOne !
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@chrislepensky
0xChris
2 years
0x is still hiring across many roles: Please reach out if you've been affected by any of the layoffs and if any of these positions pique your interest!
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@chrislepensky
0xChris
3 years
Continuing our multichain expansion to Optimism!
@matchaxyz
matcha.base.eth ⌐◨-◨
3 years
Matcha is now live on @optimismPBC ! Optimism has become synonymous with fast, cheap, and secure transactions, and we're excited that Matcha users can take advantage of rollups when deciding how to transact. Learn more: #MultiChain #Optimism
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@chrislepensky
0xChris
2 years
My journey through crypto has been long, first mining BTC during graduate school to several years working in the Web2 world and then working at @0xProject on @matchaxyz to now arriving at Variant.
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@chrislepensky
0xChris
2 years
Amazing work from the 0x data team! This is absolutely required reading on DEX slippage that hasn't been reported elsewhere.
@0xProject
0x
2 years
Ever wondered why realized price can differ from quoted price when trading on a DEX? Enter the world of slippage In our new report, 0x data gurus @dumbbets1 & @sui44 peel back the curtain on slippage & dig deeper into 0x API data to quantify its impact
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@chrislepensky
0xChris
2 years
gm
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@chrislepensky
0xChris
2 years
@ttunguz Had a great newsletter recently and called Reddit Collectibles the most successful Web3 launch of 2022. I’m on the path to believing this but would love to see these wallets engage more in the broader Web3 ecosystem to truly realize the potential that Reddit has created!
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@chrislepensky
0xChris
2 years
Happy thanksgiving everyone! Hot pot > Turkey
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@chrislepensky
0xChris
2 years
My daredevil dog somehow got onto the roof today
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@chrislepensky
0xChris
2 years
Archie is very bullish on the ownership economy @variantfund
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@chrislepensky
0xChris
2 years
But very few wallets are engaged in sending or trading the avatars.
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@chrislepensky
0xChris
2 years
When I first started looking into Collectible Avatars, the numbers were very clear that a large number of wallets were acquiring them, which you can see in the Polygon graph below.
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@chrislepensky
0xChris
2 years
Survived the bachelor party weekend. I think we will make it through this bear market guys!
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@chrislepensky
0xChris
1 year
That's a long queue..... @DuneAnalytics
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@chrislepensky
0xChris
3 years
The easiest way for most people to on-ramp money to alt L1s is to buy AVAX on Coinbase and then directly transfer it to Avalanche. If you didn't know you could do this now you know.
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@chrislepensky
0xChris
1 year
Aggregators just became even more important for finding the best swap prices for users.
@haydenzadams
Hayden Adams 🦄
1 year
I work in crypto because of the immense positive impact I believe it can have on the world, removing gatekeepers and increasing access to value and ownership. I’m proud of the ways @Uniswap Labs has contributed to that effort and want to make sure we’re creating sustainable
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@chrislepensky
0xChris
2 years
I said pump it, NOT dump it! Father-in-law just called ETH povertycoin.
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@chrislepensky
0xChris
1 year
@maariabajwa The data does go further back. I just limited it in my graphs due to runtime, Solana data adds a lot to the query run time.
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@chrislepensky
0xChris
3 years
Getting outside for a change and enjoying the weekend.
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@chrislepensky
0xChris
2 years
At Variant I will be building out our data science discipline to help our amazing portfolio companies understand their data and build out the best products possible, and also use data analytics to inform our investment process.
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@chrislepensky
0xChris
3 years
Great write-up
@adamscochran
Adam Cochran (adamscochran.eth)
3 years
1/22 After my Yearn thread last week () I said I'd do more 2020 predictions, based on governance, product & fee capture. More exciting stuff later in the week, but starting with a classic that just makes it into my top 10 for long term @0xProject $ZRX
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@chrislepensky
0xChris
2 years
This led to my original hypothesis that Reddit was successfully onboarding users to their Collectible Avatars, but very few of these users were translating to the broader web3 ecosystem.
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@chrislepensky
0xChris
2 years
gm
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@chrislepensky
0xChris
2 years
European hotels you only get 2: Working internet, working AC, sleeping through the night without neighbors waking you up
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@chrislepensky
0xChris
1 year
Wife is 35 weeks pregnant and still lifting in the gym. Couldn’t be more proud. Her bounce back after having our baby is going to be insanely fast.
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@chrislepensky
0xChris
2 years
On the investment side, data will be helping to uncover the on-chain signals of early projects which are being missed by the crypto narrative and adding to the diligence process.
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@chrislepensky
0xChris
2 years
If you are working on a project in these areas my DM’s are open or please reach out to me at: chris @variant .fund
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@chrislepensky
0xChris
2 years
Optimism transactions are growing while Arbitrum is declining. What do you think is causing this?
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@chrislepensky
0xChris
2 years
Happy bday Merica
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@chrislepensky
0xChris
10 months
My new trading window. 2-4 am
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@chrislepensky
0xChris
2 years
@cobie It’s the only way to end the bear market.
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@chrislepensky
0xChris
3 years
Gm
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@chrislepensky
0xChris
3 years
I guess I'm going to NFT LA now.
@Azuki
Azuki
3 years
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@chrislepensky
0xChris
1 year
@FoundationDads As someone who was homeschooled socialization is a huge issue. Seen many kids have issues with it. Will never home school my kids.
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@chrislepensky
0xChris
2 years
All tokens into cold storage. I don't trust no one for a bit.
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@chrislepensky
0xChris
1 year
Fractured wrist but training still needs to happen.
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@chrislepensky
0xChris
2 years
That last limitation has driven users to accumulate multiple avatars by either creating multiple wallets and transferring them or by trading on an NFT marketplace. We see that the percentage of minting wallets with an outgoing transaction has spiked from < 1% to over 11%!
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@chrislepensky
0xChris
3 years
Quick trip before LA next week. Can’t wait to see all my #Azuki fam at NFT LA!
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@chrislepensky
0xChris
3 years
No brainer
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@chrislepensky
0xChris
2 years
Euro time zone positive: Gives me time to catch up on tweets and news before the day begins. Negative: No one to chat with. Need more European friends.
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@chrislepensky
0xChris
1 year
Very impressed with the @Azuki team on the community call today. They addressed many of the points of frustration that have been seen across Twitter. And it sounds like many in the community feel the same. IKZ!
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@chrislepensky
0xChris
2 years
Did I get something rare? @AzukiOfficial
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@chrislepensky
0xChris
3 years
Stop buying NFTs and just buy BTC/ETH on dips
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@chrislepensky
0xChris
1 year
Watching a lot of the on-chain SAFE metrics and there were some big transactions over the weekend. 👀 you @BitDAO_Official . Come work with us at @utopialabs_ for all your treasury management❤️
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