Mesh (@MeshClans) / X

Mesh

Tori Finance

31.3K posts

Mesh

Tori Finance

@MeshClans

Research Analyst & Writer | DeFi • RWAs • Stablecoins • Onchain Analysis | @pendle_fi evangelist | @redstone_defi advocate

On-chain

Joined August 2022

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Mesh
@MeshClans
Aug 7
From August 2021 through 2023, blockchains captured 90%+ of monthly crypto revenue. By mid-2026, that share dropped to 25%. The new breakdown: 🔸 Finance apps: exceeded 50% in most months 🔸 Consumer apps: steady meaningful share 🔸 Blockchains: down to ~25% 🔸 Physical and
Mesh
@MeshClans
9h
Solana's tokenized equity market cap just crossed $600M, up from near zero less than two years ago. That's roughly 21% of all onchain equity value and makes it the #3 chain by outstanding tokenized stock holdings. But the volume numbers are what really stand out here. Solana
Mesh
@MeshClans
Aug 10
USDC and USDT now control 84% of crypto card spending. EURe, which dominated with 88% of the market in early 2024, fell to 2% by July 2026. Complete reversal in less than three years. Current breakdown: 🔸 USDC: 58% 🔸 USDT: 26% 🔸 EURe: 2% 🔸 Other stablecoins (LiquidUSD,
Mesh
@MeshClans
Aug 8
RWA DEX spot volume hit $6B in Q2 2026, up 220% year over year. Broader crypto DEX activity fell roughly 70% in the same period. That gap is what matters. RWA trading volume was close to zero in late 2023. It started climbing in Q4 2024, picked up speed through 2025, peaked
Mesh
@MeshClans
Aug 6
USDGO, USDD and USDG added almost $650M in combined market cap over the past 30 days. During the same period, USDT and USDC have been shedding billions since their May peak. If you're only watching those two, you're missing where fresh stablecoin liquidity is actually showing