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David Alexander II

@megafund

15 Following
137 Followers
David Alexander II pfp
David Alexander II
@megafund
Big win ๐Ÿ˜ˆ
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David Alexander II pfp
David Alexander II
@megafund
Yesterday, ETH ETFs recorded $240M in net inflows, the biggest single-day volume since February ($308M). That pushes total inflows to $1.2B over the last 4 weeks. June alone is already at $700M, outpacing all of Mayโ€™s $564M. Buckle up.
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David Alexander II pfp
David Alexander II
@megafund
Your average lil bud from Brooklyn on the other side of the TG scrutinizing your deck. Godspeed. Hyperliquid
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David Alexander II pfp
David Alexander II
@megafund
We're now at 14 consecutive days of positive inflows into $ETH spot ETFs, with over $817M of capital pouring in during this stretch. This accounts for nearly 25% of all total inflows since launch. It's also the second longest streak to date, behind the 18-day run back in November to December, where ETH rallied by 20% to over $4,000. Buckle up ๐Ÿ˜ˆ
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David Alexander II pfp
David Alexander II
@megafund
Hbd!
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David Alexander II pfp
David Alexander II
@megafund
Fiat-backed stablecoins have now seen 20 straight months of growth, dating back to September 2023. In May, total supply reached yet another record high and surpassed $227B, up 16% ($31B) YTD. Perhaps just as notable, over $757B was settled onchain in May, an 85% increase year-over-year. Interestingly, while 51% of the total supply is deployed on Ethereum, Tron continues to maintain a significant marketshare, now standing at 34%, followed by Solana (5%) and BSC (3%).
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David Alexander II pfp
David Alexander II
@megafund
Buckle up ๐Ÿ˜ˆ๐Ÿ’ช
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David Alexander II pfp
David Alexander II
@megafund
Monthly perp DEX volume surged to a new all-time high of $382B in May, growing 63% ($148B) year-over-year. Hyperliquid now accounts for more than 85% of all of this volume. Pure dominance and an absolute land grab. Letโ€™s bring it to Farcaster ๐Ÿ˜ˆ 1-click, mobile-first, instant access to Hyperliquid liquidity.
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David Alexander II pfp
David Alexander II
@megafund
Interestingly PancakeSwap led all DEXes in May with over $171B in total monthly volume, accounting for 42% of all DEX volume across the space. This also marks the most activity PancakeSwap has ever seen, shattering its previous record of $137B set in May 2021. Last week alone, the protocol handled a staggering $58B in onchain volume which is more than leading DEXes like Raydium ($28B), Meteora ($19B), and Aerodrome ($17B) processed over the entire month. Overall, May saw over $410B in DEX volume, the second highest total in the past 12 months and more than April ($194B) and March ($200B) combined. Buckle up ๐Ÿ˜ˆ
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David Alexander II pfp
David Alexander II
@megafund
Final Fantasy 1, WarMech IYKYK ๐Ÿ˜ˆ
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David Alexander II pfp
David Alexander II
@megafund
As @base hits record levels of performance, now averaging over 161 TPS, the network also just processed more than 14M daily transactions, another all-time high. Thatโ€™s a 2x increase in activity month-over-month. Meanwhile, protocols on the network including @morpho saw considerable growth with net deposits rising 72% MoM to nearly $1.5B. h/t @artemisxyz
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David Alexander II pfp
David Alexander II
@megafund
Quietly $ETH is having its best month of ETF inflows since December, with over $400M of capital pouring in. Thatโ€™s more than the last four months combined (-$176M) and marks the third best month since ETH spot ETFs launched last July. Buckle up ๐Ÿ˜ˆ
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David Alexander II pfp
David Alexander II
@megafund
Everyone is max long. Following Bitcoin's historical run this week, open interest on BTC futures smashed through $80B to reach record levels. Thatโ€™s a staggering $45.5B (+125%) increase from last May, when BTC traded around $70K. Funding rates on Binance, Deribit, and Hyperliquid quickly surged well beyond 50% annualized. Hyperliquid now handles upwards of $4.5B in BTC open interest (a new high), with BTC making up nearly 50% of all OI (up from 32% last month). Meanwhile, institutions poured in: over $2.75B in weekly BTC ETF inflows, including $935M in a single day as BTC broke $110K, its strongest daily total since January. Getting frothy, buckle up ๐Ÿ˜ˆ
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David Alexander II pfp
David Alexander II
@megafund
No one is generating more daily fees than Hyperliquid right now: โžก๏ธ $8.9B in open interest โžก๏ธ $3.3B in stablecoin liquidity โžก๏ธ $5M in daily fees โžก๏ธ HYPE is the only meaningful token currently following BTC towards new all-time highs. Hyperliquid ๐Ÿ˜ˆ
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David Alexander II pfp
David Alexander II
@megafund
Just a couple of dogs at the park ๐Ÿถ๐Ÿ˜ˆ๐Ÿถ
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David Alexander II pfp
David Alexander II
@megafund
Total stablecoin liquidity on Hyperliquid has just surpassed $3B for the first time and has now grown by 53% ($1.06B) since April. Virtually all of it is USDC. For perspective, Hyperliquid now ranks as the 5th largest chain by total USDC in circulation, rapidly closing the gap on Base ($3.7B). Over the same period, total open interest on the protocol has doubled, reaching nearly $6B. Hyperliquid ๐Ÿ˜ˆ
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David Alexander II
@megafund
Over $2.2B of token unlocks will occur this week, one of the highest weekly levels of since January. Overall, May will experience $4.9B in total unlocks. Macro has been resilient, otherwise lots of projects getting sent into the abyss ๐Ÿ˜ˆ
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David Alexander II pfp
David Alexander II
@megafund
Since the Pectra ugrade went live on May 7th, open interest on ETH futures has surged by $10B (46%), pushing total OI above $30B for the first time since January. Meanwhile, ETH itself is up 42% over the same period. Interestingly, total open interest is now up by $19B (167%) YTD (red) compared to last May when the price of ETH was around $3,000 and open interest was just $11.5B (blue). Nevertheless, favorable macro conditions will help continue to drive this momentum.
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David Alexander II pfp
David Alexander II
@megafund
And there we have it: at the first hint of improving macro conditions, we witness the largest daily volume of short liquidations all year and one of the highest levels since September. $829M and counting, with $393M in BTC shorts and $257M in ETH. Macro leads, crypto follows.
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David Alexander II pfp
David Alexander II
@megafund
Pectra is upon us. Had a chance to do a deep dive of what's ahead. Let's take a journey towards end game account abstraction, an optimized staking layer, real world UX, and much more. https://blog.anagram.xyz/pectra-towards-endgame-account-abstraction-and-staking-optimization/
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