Solana recorded its highest daily REV since February 21st.
REV has been trending upward since early April as network activity begins to pick back up.
Marc Arjoon, CFA 🟪
1,189 posts
Marc Arjoon, CFA 🟪
@marcarjoon
London
Joined November 2014
- Hyperliquid’s rise continues 📈 After four months of consecutive market share growth, it now accounts for ~12.5% of application revenue For perspective, 1 out of every 8 dollars spent across apps on all chains is spent on @HyperliquidX's app.
- Own the users, own the flow, own the market. Data shows that more of @pumpdotfun's trading volume comes directly from them. Meanwhile, the share of MEV bots and trading platforms continues to decline and DEX aggregators' share remains flat.
- Seems like crypto is more at risk of taking jobs than AI is 👀
- USDC trading volume has surpassed ETH on Ethereum. This last occurred during the bear market a few years ago. Stablecoins on Ethereum now represent 62% of ETH's market cap, the ~highest ever.
- The incentive program on @zksync just kicked off! TVL also DOUBLED in a few days and that's NOT from asset price increases.
- While others falter, @HyperliquidX continues to advance. February marked the highest-ever application revenue market share for the most popular onchain derivatives exchange.
- For perspective, @RaydiumProtocol had its second slowest week (since November) yet still generated $5.5M in cash flow, of which $4.2M was used to buy back $RAY tokens. That's 3x more than Arbitrum made in FEES in the last 30 days.
- I've long wanted Ethereum to explore "enshrined" rollups, and this is the closest experiment yet. It's based, so L1 validators gain value, Stage 2 from day one, and fees eventually get burned, benefiting ETH holders. Most importantly, no token. No VCs to rug, no extractionIntroducing Ethereum R1 — The neutral rollup built for Ethereum No token. No private sales. No governance cult. Just Ethereum values, public funding, and community control. 🧵 Why R1 matters & how you can join:
- In May 2025, @RaydiumProtocol achieved its highest-ever application revenue market share across all chains. It's great to see protocols thrive in a bull market, but even better when they remain resilient in tougher times.
- DATs are changing the demand dynamics for ETH and now hold roughly 2% of all ETH. However, liquidity is key for ATM funding so keep an eye on your favorite DAT's volume 👀 Here are some snippets from the July Ethereum monthly update.
- Applications on Aptos continue to gain momentum, with April marking the seventh straight month of growth in app-generated revenue. Merkle and Thala Swap remain key drivers, contributing over 70% of this revenue. Additionally, stablecoin supply on Aptos hit a record $1B in
- For those not paying attention, @Lombard_Finance has ~16.6K BTC ($1.6B) in TVL since launching just 3 months ago.
