Monthly Chartbook - Uncertainty Reigns Supreme Post-FTX Collapse

Introduction

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 and On-Chain Observations
• L1s, L2s, and DeFi Analysis
• NFTs and Gaming Analysis

Macro Outlook

This month’s macro section will be a shortened version of what we usually publish. The upcoming The Year Ahead for Markets report will cover the macro environment in much greater detail, and will give some insight into what we think the most important themes will be for 2023.

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 the macro-driven bear market? This month, the answer is…we’re getting closer.