Meme Insider
Hey there, crypto enthusiasts! If you're keeping an eye on the ever-evolving world of blockchain, you’ve probably heard about the exciting new tool from Blockworks. Jeff Park, a keen observer on X, recently shared his thoughts on the "Treasury Companies" Market Data in a thread that’s got everyone buzzing. Posted on July 29, 2025, this thread dives into some fascinating metrics that could shape how we understand crypto treasuries. Let’s break it down together!
What’s the Buzz About Blockworks’ New Tool?
Jeff kicks off his thread by giving a shoutout to Jason Yanowitz and the Blockworks team for launching this innovative market data resource. The "Treasury Companies" dataset is still in its early stages, but it’s already turning heads with its dynamically updated metrics. These metrics are built on well-defined inputs, making them reliable for tracking how companies manage their crypto holdings. If you’re into blockchain analytics, this is a tool you’ll want to watch closely!
Accompanying the post is a chart showing trading volume by asset over time.
Ethereum’s Big Moment
In the second part of the thread, Jeff reframes the trading volume data as market share, and the results are eye-opening. Ethereum is making waves, snagging over 50% of the market share on some days in July 2025! Another chart highlights this trend, showing Ethereum’s growing influence.
However, it’s not all about Ethereum. Jeff reminds us that Bitcoin still rules the roost. The aggregate market cap data reveals a massive gap—$118 billion for Bitcoin versus $8 billion for Ethereum. This spread underscores Bitcoin’s dominance, especially in the credit market, where Ethereum still has room to grow.
Digging Deeper into the Metrics
The thread doesn’t stop at surface-level insights. Jeff explores aggregate mNAV (market net asset value), which measures market cap divided by aggregate NAV. For much of July, Ethereum’s mNAV was notably strong, though it has since tapered off.
Jeff also suggests areas for improvement. He notes that while the current data is impressive, it lacks metrics like basis points (BPS) or Bitcoin yield. To stay competitive, he recommends Blockworks dive into volatility, options markets, and credit instruments. This feedback has sparked a lively conversation, with Jason Yanowitz himself responding, eager to incorporate user input.
The Community Weighs In
The thread didn’t just stay between Jeff and Blockworks. Other X users chimed in with their takes. Some, like @aimbert_, pointed to additional resources from Capriole, while others, like @rolandbauer68, praised the clean inputs and referenced related threads by @GregoryBarneX32. Not everyone was on board, though—@lil_boo_slayer raised concerns about potential bias, adding a dose of skepticism to the mix.
Why This Matters for Meme Token Fans
You might be wondering, “What does this have to do with meme tokens?” At Meme Insider, we’re all about connecting the dots in the blockchain world. The rise of tools like Blockworks’ Treasury Companies data can influence how meme tokens are perceived and traded. As Ethereum gains traction, it could boost the platforms hosting meme tokens, like those built on its network. Plus, understanding market trends helps practitioners spot opportunities—maybe even the next big meme coin!
What’s Next?
This thread is a snapshot of a rapidly evolving space. With Blockworks open to feedback and the community engaged, we can expect more refined data in the coming months. Whether you’re a blockchain pro or just dipping your toes into crypto, keeping an eye on these developments could give you an edge. So, what do you think—will Ethereum close the gap with Bitcoin, or is Bitcoin’s throne secure? Drop your thoughts in the comments, and let’s keep the conversation going!
