In episode 1 of The Signal, Michael and Oskari share Ethereum's Q1 Earnings Results.

We recommend downloading a copy of the Q1 issue of The Ethereum Investment Framework to go along with this episode.

If you're interested, you can do so here:

Topics covered:

- Financial performance for the quarter (onchain profit)

- Operating performance (user growth and other KPIs)

- Growth of L2s (vs Ethereum L1)

- Ethereum "GDP"

- Market metrics

- DeFi metrics (TVL, ETH staked, trading volumes)

- Token Economics (ETH burned vs issued)

- EIP 4844

- Market Outlook

We hope you enjoy the episode!

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