Tom Wan
@tomwanhh
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Share On-Chain Data & Research 🧙 Strategy & BD for 21BTC, @21co__ & @21shares Views are my own & NFA
London (From HK)
Joined October 2021
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Digital Assets Conference by Goldman Sachs
Most heard terms are:
- TON
- Tokenization
- ETF
- UX
- Regulation
Here is a quick summary of some interesting panels (✍️/5 )
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Just happened, $1B Total Tokenized US Treasuries on Public Blockchains
Blackrock's BUIDL increase by 400% from 40M to 240M supply in a week
@OndoFinance
is now the largest holder of BUIDL, holding 38% of the total supply. Now Ondo's OUSG is fully backed by BUIDL
Blackrock's BUIDL has increased by 45% ($50M) on 26 March, from $110M to $160M
With the growth of BUIDL, we are likely to see a $1B tokenized US Treasury Market very soon
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We have released 7 new
@DuneAnalytics
Dashboards on Tokenization (RWA) Last week 🧙♂️
Here is a walkthrough of the alphas you can't miss:
✍️/7
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Very Impressive $200M TVL for
@zksync
ERA Bridge already
Almost a 100% Increase in TVL last 7 Days 🔥
Source:
@DuneAnalytics
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Liquid Staking is Booming on Solana ☀️
- Liquid Staking Ratio increased by 1.76% QoQ
- The Number of LSTs has doubled
- Market Landscape is more diversified: The dominance of the top 3 providers dropped from 93% -> 68.7%
Deeper Insights below 👇 (/4)
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10 Days after Shanghai: 🚢
Thread:
1. 1.3M $ETH withdrawn
2. Kraken with most Exits
3. Institutional Staking🔼
4. 0x01 Cred. 43%📈86%
5. Active Validators🔽
6. 2nd Largest Weekly Deposit
7. Current Queue
8. Est. # of ETH Restaked
9. Top CEX Deposit
10. Top DEX Pair
11. LSDs
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Solana's Impressive Growth in DEX Volume
Solana today owns 28.5% of the total DEX Volume while Ethereum owns 36.1%
1 Year ago, Solana only had 1.1% marketshare and Ethereum had 50%-70%
Leading DEXs on Solana like
@orca_so
,
@RaydiumProtocol
and
@MeteoraAG
also grown a lot in
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AAVE introducing new staking mechanism, fee switch, and restaking for safety module
Here are the AAVEnomics Proposal Key Takeaways on AAVE Token
1. Status and Timeline
- The current stage is still at temperature check. If there is no huge pushback from the community, it will
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Our Mega
@solana
@DuneAnalytics
dashboard has arrived 🔥
Some cool metrics include:
- Annual Inflation Rate of SOL
- Staked Ratio & Estimated Yield
- Breakdown of Validator Revenue
- Average Txn Fee (As low as $0.001!)
- Top Contracts
- SOL Top Holders
And many more!
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Over 955k MATIC will be burned via EIP-1559 (~$764k) thanks to the 17M transactions on 16 Nov
The burn on is 7X higher than the historical ATH burn and contributed to 3% of the cumulative burn
So far, 27.4M MATIC has been burned
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$3B Tokenized US Treasuries by the end of 2024?
We are seeing a trend of DeFi Project's DAO diversifying their treasury to RWAs, including stablecoins and Tokenized US Treasuries.
With the maturity of tokenized US treasuries, over 15+ products on EVM Chains, and close to $2B
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Interest-bearing Stablecoin is on the rise
Currently, it only accounts for 1.5% of the total stablecoin market cap on Ethereum.
The most popular Interest-Bearing Stablecoin includes sDAI from
@MakerDAO
and eUSD/peUSD from
@LybraFinance
:
- sDAI: $1.05B
- eUSD: $24.62M
- peUSD:
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Ethereum has hit 655,360 active validators. Based on the churn limit, the cap for the number of activation/exits per day has increased from 2,025 -> 2,250 (9->10 per epoch).
Let's look at what it means for Ethereum with
@DuneAnalytics
,
@flipsidecrypto
&
@21Shares
(🧙♂️/7)
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Here are my key findings with
@DuneAnalytics
on
@friendtech
What will be covered in this 🧵
- FT's impact on
@BuildOnBase
- FT's MEV activities and profitability
- FT's pricing model
- Thesis on FT
- Potential Enhancements
- Forecast of the SocialFi sector
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Joined the 10k Club and Thank you for all the love 🫶
Couldn't have reached it without the support of my dear friends. Give these chads a follow! 👇
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.
@zachxbt
is almost hitting the $1M target for his legal defense! 19% of the fund comes from $ZACH token
Let's look into the token with
@DuneAnalytics
for some interesting findings
Thread: 🧙♂️/6
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Preliminary Findings on Dencun Upgrade
1/ Median transaction Fee dropped from 50%-99%
Arbitrum: $0.39 -> $0.14
Base: $0.37 -> $0.03
Optimism: $0.32 -> $0.01
zksync: $0.19 -> $0.1
Zora: $0.2 -> $0.001
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Ramifications of Paxos being ordered to stop issuing more $BUSD🧙♂️
1. $BUSD supply ⬇️
2. Stablecoin Market Cap ⬆️
3. Withdrawals from Binance
4. Amber Group $USDC withdrawals
5. $BUSD Liquidity on Binance
6. $BUSD Liquidity on Curve
7. 3Pool Liquidity
A quick summary 📊
0/7
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.
@OndoFinance
is now the 4th largest holder of Blackrock's BUIDL with $15M holdings
OUSG is a $83M product available across Ethereum,
@0xPolygon
and
@solana
. The rest of the backing comes from bank deposits, USDC and BlackRock’s FedFund (TFDXX)
Label kudos to
@ArkhamIntel
ONDO: Introducing Instant, 24/7/365 Subscriptions and Redemptions; Shifting OUSG Funds into BlackRock’s BUIDL
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.
@LidoFinance
has executed proposal 161, staking all the $ETH (20.3k) in the treasury to $stETH
Breakdown in Treasury:
20.7% in $stETH ($63M)
75.7% in $LDO ($231M)
Balance:
- w/ LDO: $304.7M
- w/o LDO: $72.5M
Now they are the 13th largest holder with 33k stETH holding
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Some key points in the $POL whitepaper proposal from Polygon 2.0 Tokenomics
- Initial supply of 10B POL (Same as $MATIC)
- Yearly emission rate of 2% for validator incentives & community treasury
- Interesting to have an avg price on POL based on the growth scenarios
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1/
@friendtech
treasury (All Earned Fees) finally moved from an EOA Address to a Multi-Sig one in Dec.
In the meantime, they also sent half of their earned fees, which is 7,800 ETH ($16.6M), to Coinbase
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.
@0xPolygon
zkEVM Increased Bridge TVL by 52% (~$3M) in a single day.
The Spike comes from:
- $MATIC: +$2.1M
- $stMATIC: +$770k
📊:
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Here is how to analyze Tokenization easily on
@DuneAnalytics
You only need 1 single table that covers 83 tokenized assets, 26 projects, 9 blockchains, and 9 types of tokenization
👇
(✍️/4)
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Introducing our Enhanced
@21co__
Stablecoin Dashboard on
@DuneAnalytics
🧙♂️
What Insights you will be able to get:
1. Overview of the Stablecoin Landscape on Ethereum
- Tracking 25 Stablecoins including PYUSD, FDUSD, GHO, crvUSD, sDAI, eUSD, BOB, R, etc.
- Circulating Supply
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.
@Blast_L2
reached $35.9M bridge TVL in 1 day, surpassing Scroll, Arbitrum Nova, and Manta
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The TVL of
@friendtech
dropped 7.8% in a single day
What happened?
The new features in our
@DuneAnalytics
dashboard will show you what causes the drop
(0/6)
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Built my own Avalanche Subnet 🔥
Huge shoutout to the tutorial and resources by
@cgcardona
for making everything simple and easy
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LSTfi sector still has a lot of room to grow. Currently, it only constitutes 4.5% ($871M) of the total AUM of Ethereum LSTs ($19.3B)
🥇
@LybraFinanceLSD
$378M
🥈
@CurveFinance
's crvUSD $98M
🥉
@eigenlayer
$89M
Forked
@defi_mochi
's amazing
@DuneAnalytics
dash to add eigenlayer🫡
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Solana's Stablecoin Supply has Increased by 156% YoY, and here are the factors behind it:
1. Increase in DeFi Opportunities
Stablecoin supply is a good indicator of the DeFi opportunities in the ecosystem. Especially with Fiat-collateralized stablecoin, it is the main channel
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Solana Season Continues on the back of the Memecoin Frenzy and Potential Airdrops
1) DEX Volume
On 5 March, the daily trading volume of Solana has reached a new ATH with $3.4B Volume. $534M volume (15%) is driven by Memecoin
2) MEV Tip
A new ATH for
@jito_labs
Validator Tip on
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1/ Over 540k Staked ETH (16,670 Validators) are currently withdrawing from the Ethereum Beacon chain
To fully exit and withdraw now, it will require 14.5 Days
Data from
@ratedw3b
Celsius will unstake existing ETH holdings, which have provided valuable staking rewards income to the estate, to offset certain costs incurred throughout the restructuring process
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Ethereum's Limit on daily activation/exit has increased from 8 -> 9 per Epoch (Max: 1800-> 2025 per day) thanks to the increase in # of Active Validators
76,054 Validators in Pending Queue would take ~37.5 days to clear 🫡
Shoutout to
@flipsidecrypto
&
@dr_ethereum
once again!
We should be witnessing Ethereum's activation/exit per epoch changing from 8-9 tomorrow 🔥
Limit for activation/exit per day: 1800 -> 2025
Validators will be able to activate and exit faster 🫡
Query in place on
@flipsidecrypto
! Huge shoutout to
@dr_ethereum
for his help 🫶
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Why USDR depegged despite being fully backed: Using Illiquid asset backing liquid Asset
- USDR is 100% backed. 50% of them come from stablecoins and the remaining comes from Real-Estate
- When there is a bank-run (Huge Redemption of USDR), the Stablecoin liquidity in the
An update on $USDR
Over a short period of time, all of the liquid $DAI from the $USDR treasury was redeemed.
This lead to an accelerated drawdown in the market cap.
Combined with the lack of DAI for redemptions, panic selling ensued, causing a depeg.
We’re working on
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L2 Ethereum Penetration Rate
- Arbitrum: 1.85%
- Optimism: 1.15%
- BASE: 0.25%
Duration to reach 0.25% Penetration (BASE)
Arbitrum used ~9 months
Optimism used ~ 8 months
BASE used only ~1 month
The methodology of this metric:
- Number of addresses on Ethereum that have
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Tokenized US Treasuries continue to grow: Blackrock/
@Securitize
's BUIDL has reached $300M TVL
Franklin Templeton's FOBXX (BENJI) also increased by 5.7% WoW growth. Currently at $384M AUM
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1st zkEVM is live on mainnet
@zksync
🔥
Current Stats:
- 26,000+ Depositors
- 5,300+ Bridged $ETH ($9M+)
- 0.186 $ETH Avg Deposit
- Top Address Deposited 350 $ETH into the bridge (Amount to 6% of total deposit)
Check out the
@DuneAnalytics
dash 🧙♂️:
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.
@circle
CCTP will launch on Solana on 26 March
Currently, $1.97B native USDC are being issued on Solana. With the support of CCTP, bridging USDC from EVM Chains to Solana will be much more easier and seamless
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3M Bitcoin Ordinals and ATH in Daily Inscriptions✅
Thread on the potential cause and the ramifications using
@DuneAnalytics
1. History of Ordinals
2. From ERC-721 to ERC-20
3. BRC-20 Standard
4. State of BRC-20
5. Risk of BRC-20
6. Block Size
7. Hash Rate ⚡️
8. Miners Fees 🚀
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You have to admit the buffer from
@LidoFinance
is quite smart
They have processed 446k $ETH withdrawals without exiting a single validator.
By stacking up daily deposits (0 ETH Staked from 13-17 May), partial withdrawals+execution layer reward, they had 450k+ ETH Buffer
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Celsius just sent 428k $stETH to
@LidoFinance
to request $ETH withdrawal
Lido Buffer: 448k ETH
$stETH Pending to Withdraw: 441.5k ETH
Remaining Buffer: 6.5k ETH
Celsius alone contributes to 96.8% of the total $stETH withdrawal request
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Celsius is Leading the way in $ETH Staking Deposit.
- 192k ETH Staked through their own staking pool
- 99k Staked via Figment
Remaining: 137k ETH
- 96k in Wallet used to deposit to Figment
- 32k in $stETH Withdrawal wallet
- 6k in Celsius Staking Pool Wallet
Celsius just sent 222k $ETH from their $stETH withdrawal address to their own ETH Staking Pool
If they stake all 428k ETH via their staking pool, it will become the 7th largest entity in $ETH Staking with 586k ETH Staked, excluding unknown
Kudos to
@etheraltog
for the spot 🫡
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$110M PYUSD is minted on Solana. The supply has increased by 88% over the past 7 days.
A lot of the success can be attributed to
@KaminoFinance
. Over 38% of the supply has been lent on Kamino with a 23% APY
This is also a huge step for the adoption of token extension in DeFi
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Joined the
@MadLadsNFT
Fam with
@WolvesofB
using
@tensor_hq
🫡
LFG! 🔥
@armaniferrante
@0xcarlosg
wen join fam 😏
#nft
#solana
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.
@0xPolygon
zkEVM (+34.9%) and
@LineaBuild
(+37.7%) have the most impressive growth in Bridge TVL for the past 7 days and they have entered the top 10 rollups by bridge TVL
As of now Optimistic Tech (Optimiums + Optimistic Rollups) are still dominating in liquidity with ~82%
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3 Trends in Ethereum Staking Landscape
1. Re-staking is Taking Over
Since 2024, ETH staking deposit from Re-staking has been increasing, from 10% to now 60%
@eigenlayer
is now the 2nd largest DeFi protocol on Ethereum, with $15B TVL, accounting for 13% of the total ETH Staked
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Working on a dashboard for easier Tracking on Curve's Exploiter
Total Balance: $19M
- 7.19M $CRV
- 7.71k $WETH
- Address Funded from Binance
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Honored to have
@armaniferrante
sharing our dashboard 🫡
@Backpack
has $80M+ assets in the exchange. It supports
- SOL
- Stablecoin (USDC/USDT)
- Memecoin (BONK/WIF)
- DeFi Tokens (JUP/JTO/PYTH)
- DePin Tokens (HNT/RNDR/MOBILE)
And soon, W from
@wormholecrypto
This dune dashboard of
@Backpack
Exchange is awesome.
Here's net inflows into the exchange over time.
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PYUSD has reached a $600M Market Cap on Solana
Two key metrics to keep an eye on:
- When will pyUSD ($600M) flip USDT ($700M) market cap on Solana?
pyUSD has doubled its market cap MTD; let's see if it can be the 2nd largest stablecoin by early Sep
- When will pyUSD reach
Solana's Stablecoin Supply has Increased by 156% YoY, and here are the factors behind it:
1. Increase in DeFi Opportunities
Stablecoin supply is a good indicator of the DeFi opportunities in the ecosystem. Especially with Fiat-collateralized stablecoin, it is the main channel
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With the insolvency of
#Celsius
and
#3AC
, we have built 2
@DuneAnalytics
Dashboards to track the potential wallet addresses of these 2 entities
*The wallet addresses are gathered by the crypto community and tagged on Zapper. Please take it as a reference with a grain of salt.
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A pleasure to speak at the Solana London Hacker House on the adoption of Stablecoin
1. Use Cases of Stablecoin
Stablecoin is one of the best crypto use cases and the first crypto product to gain PMF.
It can be used for
- Fiat on-ramp to DeFi or crypto
- Remittances
- P2P/B2B
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1/ Blackrock's BUIDL has surpassed Franklin Templeton's BENJI (FOBXX) in AUM and became the largest On-Chain Money Market Fund
- BUIDL has grown 36.5% MoM from $274M to $375M
- BENJI only grew 2.1% MoM from $360M to $368M
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Fastest Growing Stable in Last 7Ds
1. USDM from
@MountainUSDM
+87%
2. USDe from
@ethena_labs
+49%
The rise of Interest-Bearing Stablecoin will be in full force in 2024 especially when Ethena is still in the pre-launch phase
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Added Blackrock's Institutional Digital Liquidity Fund (BUIDL) to our Tokenization Dashboard.
It is now the 3rd largest tokenized treasury product behind Franklin Templeton's FOBXX (Available on Stellar + Polygon) and USDM
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.
@onPolygon_
zkEVM's TVL increased by 2% while
@zksync
Era's TVL decreased by 12 % over the past 7 days
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.
@jito_sol
is following Lido's path to becoming the most dominant LST on Solana with a smart Growth Strategy
jitoSOL currently owns 46% of the Liquid Staking Token Market Share. 1 Year ago, their dominance was at 13.7% (+32.3%)
In my opinion, Lido's success can be attributed to
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SOL balance on Backpack Exchange dropped off a cliff on 19 Nov 1100 UTC
The exchange has sent 235, 000 SOL to the address below:
BbHG9GvPActFGogv3iNrpDAj4qpXr8t3jF16uGxXcKci
It could be a cold wallet as
@armaniferrante
also mentioned on X. Will add the wallet to our
.
@xNFT_Backpack
Exchange has $13.8M assets with 20.7k+ Unique Depositors
Balance:
- 225,659 SOL ($13.6M)
- 199,246 USDC ($200k)
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Contract Address of Polygon's POL is live, currently with 10,000,028,681 supply
0x29e7DF7b6A1B2b07b731457f499E1696c60E2C4e seems to be the migration contract, with the function to migrate MATIC to POL
So far, 10M MATIC has been migrated. The unmigration function isnt being
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1. Next Bitcoin Halving in 28 Days
- Bitcoin Block Reward will be halved from 6.25 to 3.125
- Inflation Rate will drop from ~1.8% to ~0.9%
2. Investing on the Date of Halving and Holding through the Cycle Yield Positive Return
Assuming Investing in Bitcoin on any date before the
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Ramifications of the MemeCoin Frenzy on Solana
1. DEX & MEME Coin Volume are at an ATH
Major memecoins: BONK, WIF, TREMP, BODEN, BOME have recorded $1.33B volume on 16 March
2. Failed Transactions increased to 72%
New tokens have attracted Bots to spam the network to capture
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Excited to share a real-time ETH Beacon Chain Dash using
@flipsidecrypto
🧙♂️
Key Metrics:
- Total $ETH Reward: 1.1M ETH ($2.1B)
- 24H APY: 3.7% (Excl MEV)
- Validators' Income
- # Validators slashed: 232
- # Validators exited: 1.44k
- % of Updated Credentials: 43%
(🤿/10)
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.
@friendtech
has reached $50M TVL
This post will give an update on:
- Current TVL
- Fees & Revenue
- Threshold to Breakeven for the Minimum Deposit
- FT's Age Restriction
1. The amount of fees that are able to be generated by FT is huge
Since 8 Sep, they have been generating
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How Ultrasound is $MATIC ?
Polygon also implemented EIP-1559 back in Jan 2022. However, the burning mechanism is not the same as Ethereum
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BM
@0xcarlosg
told me the worst-case scenario is buying a kid's drawing. Sounds not too bad to rotate my $ATOM for a
@badkidsart
👦
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It’s impressive to see
@0xPolygon
’s growth in the past 2 years
Amazing adoptions: Jpm, MAS , Hamilton Land
Strong projects launching: Lens, .swoosh, Reddit avatars, y00ts
Infra development: zkEVM
Great thread by
@elindinga
on summarising Polygon’s amazing achievements
.
@0xPolygon
is really the sleeping giant. Your favorite apps will all be accessible there in the coming year. Ethereum's is just unusable for day-to-day operations.
As
@naval
said, you can't copy paste community, that's exactly what Polygon will benefit from those integrations
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Update on Ethereum Staking
1. The Churn Limit has Increased to 13 per Epoch
The number of validators on Ethereum reached 854k on 10 Oct. As a result, the activation limit and exit limit per epoch have increased from 12 to 13, which means ~2,925 validators can exit or withdraw
It will only take less than 5 Days to clear the Activation Queue on Ethereum
Below will answer the questions of:
- Why is the activation queue dropping
- Current Activation Queue
- Is EIP-7514 Urgent
- Potential Ramifications of EIP-7514
Currently, there are ~13,200 Validators
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1/
@eigenlayer
is the 2nd largest DeFi protocol with $13.5B+ TVL, and over 12% of the staked ETH has now been RESTAKED
Since Eigenlayer introduced the concept of restaking, it has become a crucial sector in DeFi, with 27% of Ethereum's TVL comes from Eigenlayer
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zkSync Era Bridge reached $112M TVL with over 269K Depositing Addresses
Source
@DuneAnalytics
:
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Today is the DAY!
After working for almost 2 years at
@21co__
@21Shares
, I finally meet my manager and mentor in-person!
@elindinga
believed in me and has taught me a lot, given me immense opportunities and flexibility to excel in crypto
A very special day indeed 🫡
Very special moment today meeting in person one of the best talents and persons I have ever recruited in crypto. The one and only
@tomwanhh
❤️
So good to see you, mate!
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The whole list of Tokenization dashboards:
1. Overview:
2. Government Securities:
3. Fiat Stables:
4. Commodities:
5. Asset-Based Finance:
6. Real
We have released 7 new
@DuneAnalytics
Dashboards on Tokenization (RWA) Last week 🧙♂️
Here is a walkthrough of the alphas you can't miss:
✍️/7
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357
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Disclaimer: These are not my views. It is a summary of the panels at the Digital Assets Conference
P.S. Sorry for the scattered notes
Hope it will be helpful!
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Added
@maplefinance
's cash management product (Tokenized US Treasuries) on
@BuildOnBase
into our dashboard.
Currently, Maple's cash management solution is available on Etheruem, Solana and BASE with a total of $37M AUM
Maple is live on
@BuildOnBase
On-chain capital markets have come to Base! Cash Management is the first opportunity and will be followed by more pools soon!
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Post-Shanghai New $ETH Deposits by Liquid Staking Protocols:
1.
@LidoFinance
+221,664 (+3.9%)
-> 5.9M ETH Staked
2.
@Rocket_Pool
+64,029 (+14.65%)
-> 501.1k ETH Staked
3.
@fraxfinance
+25,856 (+24.29%)
-> 132.3k ETH Staked
From
@DuneAnalytics
@21Shares
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Happy new year my dear frens
I have recently relocated from Hong Kong 🇭🇰 to London 🇬🇧 (therefore haven’t been quite active on Twitter)
Shoot me a message if you are in London! Would love to connect with crypto frens in the UK 🫡
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Top 10 fastest growing Solana LSTs in the past 30 days are all on the
@sanctumso
List
🥇:
@heliuslabs
HSOL
🥈:
@bonk_inu
bonkSOL
🥉:
@JupiterExchange
jupSOL
However, I am not super surprised to see Sanctum's TVL 3X in a month. Their marketing tactics is one of the coolest I
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The activation queue peaked on 9 Jun with 96k Validators in the Pending Queue.
If the daily deposit is < then daily activation (2025
validators / 64800 $ETH), we will be seeing a reduction in the activation queue.
Despite the decline, the queue is still ~45 Days to activate
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Post Shanghai
- 3.9K Partial Withdrawals and 1 Full Withdrawal Have been Processed
- 11.6K $ETH ($22.3M) has been withdrawn
- The 1st full withdrawal is the 5th withdrawal being processed
Will add more stats to the
@flipsidecrypto
dashboard. Still WIP 🙌
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This is like a cult. But as my dear
@frankthepepe
once said, Cult=Amazing Community
@MadLads
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Adding more context on 3Pool here:
$USDT has been a more popular option when looking at 3Poool composition since the banking crisis. Last time we saw USDT % above 50% is Nov 2022.
But in these 2 days, the USDT% has increased significantly from 22% to 54.4%
Uni V3 blown out of range
3pool at 54% USDT
Its been real. We're gonna get a refresher on what that USDT redemption process looks like
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LSDs Supply Change Post-Shanghai
1. $stETH from
@LidoFinance
: +676k
2. $rETH from
@Rocket_Pool
: +90.9k
3. $frxETH from
@fraxfinance
: +58.7k
4. $wBETH from
@binance
: +20k
7. $ankrETH from
@ankr
: -14.1k
8. $cbETH from
@coinbase
: -47.5k
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1/ One of the largest Airdrop on
@solana
is live
Over 440k Addresses claimed 622M ($3.6B) JUP token from
@JupiterExchange
. 54% of the eligible wallets haven't claimed JUP yet, and there are ~378M unclaimed JUP
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Shanghai Upgrade Countdown ⏰
16 hours to go!
- 1.1M $ETH Reward ($2.2B)
- 3,815 Validators Exited
- 128k+ $ETH Under the Exited Validators ($240M)
- 43% 0x01 Credentials
@DuneAnalytics
🤝
@flipsidecrypto
🧙♂️
Dune:
Flipside:
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Despite
@eigenlayer
having $1.2B in TVL, only 3.7% of the LSTs have been deposited for re-staking
On 29th Jan, Re-Staking Caps to 200k ETH for each LST and the introduction of 3 new LSTs:
1)
@0xMantle
mETH
2)
@fraxfinance
sfrxETH
3)
@liquid_col
LsETH
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The hourly outflow on Binance International is not too crazy, with only $277M on Ethereum after the breaking news on SEC Charging Binance and CZ at 1500 UTC
The hourly outflow at 1600 UTC only ranks ~60 in hourly outflow in the past 2 years.
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I shared about the adoption of BRC-20 Last week.
Let's take a look at the latest update on how BRC-20 is changing Bitcoin and my thesis on the future of BRC-20
Data from
@DuneAnalytics
,
@CryptoKoryo
,
@21Shares
(✍️/8)
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