Monthly Chartbook - The End of The Summer Doldrums

The Monthly Chartbook is a collection of interesting charts and trends we’re watching across crypto and markets. This month’s edition focuses on:

• Macro Outlook
• Crypto Market Review: Market Structure & On Chain Observations
• L1s, L2s, & DeFi Analysis
• NFTs & Gaming Sector Breakdown

Macro Outlook

Keeping with the theme of previous iterations of The Chartbook, we ask ourselves the same high level question. Has anything changed on the macro front given that we are in what we’ve described as a macro driven bear market? This month, the answer is… kind of?

At the end of August, Jerome Powell gave his annual speech in Jackson Hole in lieu of the more traditional FOMC meetings (the next is slated for September 27/28). The speech was short and sweet, just over 8 minutes long. The more interesting thing to note is that Powell spent the entirety revisiting one ke