Mehrshaad🎩

@mehrshaad

747 Following

404 Followers

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The ratio of volumes on DEX in relation to CEX is at a record high for all time. Traders are gradually switching to DEX.

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Old TRX wallets are in motion again. SOPR, equal to 4.74, indicates that the coins spent were sold at a price 4.74 times their original cost, with a profit of 374%.

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The number of unique users of stablecoins on Ethereum for the week exceeded 750,000 people, which is a new ATH.

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Arbitrum reached $1.7M in fees collected by Timeboost. Among other L2s, this is currently one of the highest and most stable indicators.

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Stablecoin supply has passed $250 billion for the first time. Over the last 3 years, the market landscape has changed with the rise of yield-bearing stablecoins, the increase in Tether and Circle supply, and the rise of U.S. Treasuries.

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Stablecoins continue to break records: their capitalization on Aptos has grown 10 times in a year.

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Transactions on Avalanche C-Chain increased from ~250 thousand to almost 1.2 million in June, which is partly due to USDC and a surge in low-value transfers of less than $10.

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The inflow of BTC to Binance from whales and retail traders has fallen to the lowest level since the beginning of this cycle. This model indicates a strong retention preference, not sales.

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Hyperliquid is on pace to make $600 million in token holder revenue this year.

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Open interest in ETH futures has reached a new ATH, exceeding $20 billion. Despite a slight pullback from the $2.8 thousand level, leverage continues to grow, and traders are increasing volumes.

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Active loans exceeded $26.2 billion for the first time in history. Aave accounts for 66% of the total lending market.

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In 2020, we saw reversals similar to those that are happening on the market now. But this time the previous waves were neither big nor small, so they are a little difficult to interpret. It doesn't look like a full-fledged bull market, but it doesn't look like a mini-bull market of 2019.

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Ether.fi is gaining ground while Lido sees outflows. In six months, Ether.fi’s staked ETH rose 30%, as Lido’s dropped 9%, cutting its market share from 30% to 25.6%.

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Crypto funds hit a new ATH in May with $7.05B in net inflows. Market uncertainty is pushing institutional capital toward digital assets for diversification and protection.

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According to Kaito AI, DeFi hit its 12-month high in mindshare.

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The number of active users of AI-based dApps increased by 23% this year.

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🎉 I just claimed 146 PSTACK tokens on Farcaster @stackdotcast!

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Tether's BTC holdings dropped from 92.6k to 78k, with a 14k BTC ($1.6B) outflow. One of the biggest wallet moves in months — and everyone’s watching.

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Bitcoin hit block height 900,000. For over 15 years, BTC has produced a new block every ~10 minutes, without skipping a beat.

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Ethereum futures remain on the rise, with the asset holding firm after its impressive early-May rally. The ETHBTC ratio has made a higher low, signaling that investor interest in ETH continues to build.

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