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Why I hate active addresses and you should too 👇
- Robinhood did well to clearly define its thesis Phase 1: tokenize stocks as receipt tokens, trades are still settled in existing tradfi markets Phase 2: integrate Bitstamp to improve liquidity and enable 24/7 trading Phase 3: integrate blockchains for composability benefits
- The flippening is coming sooner than you think. Let me explain...🧵
- hmm looks like a new wash trading bot popped up on Solana over the weekend example: > flash loan for $10.8m USDC > swap $10.8m USDC for $1.9k of JUP > swap $1.9k of JUP back to $10.8m USDC > repay flash loan does not look like arbitrage. trades are run in a single tx that
- I spent some time in the trenches with @Celestiaorg data and have some random thoughts on what the future looks like👇
- For the first time ever on May 12, Solana generated more Total Economic Value than Ethereum in a single day
- This is insane. 10M is the same number of transactions - Base sees in a day - All other L2s combined see in a day - Ethereum mainnet sees in a week And these are *actually* usersTransactions are landing much smoother now and all systems should be back to normal. Despite all the challenges, our users swapped over $1.25B in volume and made 10M transactions today. Huge thanks to the @mert/@heliuslabs and @ethanyish/@AlliumLabs teams for helping us
- I have to say it Bitcoin runes are stupid I farmed them, im playing it, they will get CEX listings, and im sure number will go up But it is really, really stupid. Its a clear step backwards from what exists on any smart contract enabled chain today
- BREAKING: Uniswap Labs increased the fee on the swaps through the Uniswap Labs interfaces and expanded the set of fee-eligible trades The new policy now charges 0.25% on all swaps through the UI and wallet, except stablecoin pairs and wrapping/unwrapping WETH
- Solana just printed a new ATH in monthly economic value (fees + MEV) at $91.3M or $1.1B annualized The economic value is driven 53% by priority fees on non-vote transactions and 41% by Jito tips
- Fidelity coming to Ethereum as Blackrock’s fund crosses the $1b mark This comes at a time when we’ve seen multiple announcements of chains optimized for RWA issuance If the largest asset issuers in the world can launch on Ethereum, I’m missing the need for these new chainsFidelity has filed with the U.S. SEC to register a blockchain-based tokenized U.S. dollar money market fund, initially built on Ethereum with potential expansion to other blockchains. The registration is subject to regulatory approval, with the product expected to go live on May
- Solana sets back to back DEX volume all time highs with $28.2B yesterday and $39.2B today Today we saw - $12B on Trump Family Tokens ™️ - $12.9B SOL-USD - $1.5B in stablecoin swaps
- The apps gotta eat too! Apps on Solana generated an industry leading $751m of revenue in Q4, followed by Ethereum coming at $314 Open question: for every dollar the chain makes in REV, how much revenue do applications earn? AppRevenue/REV sounds fun... tomorrow's project
- Over the last 30 days on Base, a single entity is responsible for - 20% of fees paid ($1.7m) - 19% of DEX volume ($11.2b) - 29% of Aerodrome volume ($10.0b) - 30% of ETH-USDC volume ($6.5b) - 44% of cbBTC-USDC volume ($1.8b)
