Happy Monday, Blockfolians

The Lede

And it is a very happy Monday for all the ETH holders out there who are watching their coin rocket past milestones. Not only did ETH hit a new high, it cruised over $3000 and just kept going.

Bloomberg’s Joe Weisenthal jokingly captured the mood:

Joe Weisenthal @TheStalwart

Really feels like crypto has drained the speculative juice out of the market.

All I see is ETH. When was the last time you even saw a tweet about Tesla?

May 3rd 2021

11 Retweets231 Likes

Meltem Demirors put it even more cleanly:

Meltem Demir◎rs @Melt_Dem

ETHEREUM HAS NO CHILL

May 3rd 2021

8 Retweets232 Likes

It feels distinctly like the next phase of this bull market is here.

But, as SBF would say, “not financial advice.”

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Community Commentary

Warnings

Ryan Watkins @RyanWatkins_

With ETH smashing through $3,000 this week I think we’re entering the Enthusiasm phase of this market.

Prepare.

May 3rd 2021

79 Retweets646 Likes

A pretty phenomenal statistic

Documenting Bitcoin 🟩 @DocumentingBTC

Africa is leading the world in peer-to-peer #bitcoin trading volume growth this year so far.

May 3rd 2021

660 Retweets3,249 Likes

A Really Big Number We Should Be Paying Attention To

$252,000,000

That’s how much revenue DeFi protocols generated for network participants last month

Final Thought

Big numbers

Zhu Su @zhusu

Not impressed w/ $ETH 3k. I’ll be in the gym, lmk once 10k.

May 3rd 2021

435 Retweets5,160 Likes