Daily Edition · Page 6

THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

GAMING, LAYER 2 TOKEN INDICES POST LOSSES FOR 2024, WHILE ALL OTHER SECTORS GAINED

While most crypto sectors gained value in 2024, gaming and Layer 2 indices posted notable losses of 16% and 30% respectively, despite the broader market gaining 90%. The gaming index's decline notably excludes TON's 100% gain from Telegram-based gaming growth, while Layer 2 losses were driven by Polygon and Arbitrum. The L2 sector could see renewed momentum early in 2025 with the launch of new chains like Uniswap's Unichain, MegaETH, and Abstract.

COINBASE CONSIDERS OFFERING TOKENIZED COIN SHARES ON BASE FOR U.S. USERS

Coinbase is exploring the tokenization of COIN shares on its Base Layer 2 for US users. The initiative could help tap into the estimated $30 trillion tokenized asset market, though regulatory uncertainty remains an obstacle. The announcement comes as COIN trades near $300, its highest since 2021, amid expectations of a more crypto-friendly regulatory environment in the upcoming administration.

SIMPLIFYING CRYPTO DATA ENGINEERING

The 2025 Crypto Data Engineering Guide focuses on efficiently managing Ethereum (EVM) data pipelines, offering strategies and tools to tackle the rising costs of raw data storage, front/backfills, and transformations as blockchains scale. It emphasizes trade-offs between post-execution and re-execution transforms, enabling advanced data extraction and customization to support scalable, cost-effective pipelines for crypto apps and analytics.

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