FX volumes on Avalanche🔺 have started to take off. Over $3M in FX volume on DEXs has been recorded in the last few days. The most popular pairs are EUR<>USD, SGD<>USD, and MXN<>USD.

There has been a lot of talk about Axiom recently, but where exactly are they making their money from? Unsurprisingly, the three main DEXs that Axiom generates the most revenue from are Raydium, Pump, and Meteora. All three have launchpads connected to them. In the past 30

One interesting aspect of HyperEVM is its dual block architecture, which currently produces two block sizes at different cadences. There are "large blocks" set at 30m gas and produced at 1 minute intervals, and "small blocks" with 2m gas and set to 1 second (was 2 seconds before

Around 85% of onchain spot Bitcoin volume is on Ethereum and L2s. Interestingly, L2s such as Base, Arbitrum, and Unichain all have a similar concentration of Bitcoin spot volume. All three have around 25% of their DEX volume in the Bitcoin category. For context, 10% of

Memecoin volume, based on where the token originated from, currently has Pumpfun back to 85% market share after a brief dip below 50% in mid-May. The top 4 launchpads based on token origination volume are currently: - Pumpfun (85%) - Fourmeme (8%) - Believe (2.7%) - Bonk (2%)

Big DEX dashboard dropping soon 👀

Base and Solana currently have the most onchain FX trading volume. The most popular pair is EUR-USD. Celo, Avalanche, and Ethereum are the next three largest blockchains in terms of FX spot volume.

Hyperliquid has turned into the premier place to trade L1 tokens. Last month, it had perps volume of $250B, with 90% of its volume in L1 tokens: - 47% in Bitcoin - 4% in HYPE - 39% in other L1 tokens

The market cap of tokens launched from The Arena, a SocialFi app on Avalanche, surpassed $100m yesterday. It is currently one of the only launchpads to have a rising aggregate token market cap in the past month.

A thing this industry still gets wrong is basic accounting. Take Axiom, for example; headlines claim they've generated over $120 million in revenue, but in reality, this is their gross revenue number. Axiom runs a fee rebate program and has currently paid out over $50 million

Spot trading on Hyperliquid's HyperCore has picked up in the last month. Just under $500 million in spot volume was recorded yesterday, with approximately 70% of the trading coming from the HYPE-USDC pair. Most of the volume from the Project token category comes from uETH and

Earlier today I tuned in to Wealthsimple's livestream event, and the key takeaway was both simple and profound: FinTech is coming for DeFi’s lunch 🥪. What stood out most to me was the plan to offer Canadians 🇨🇦 an instant line of credit against their portfolios—stocks, ETFs,

One noticeable aspect of the trading platform/trading bot space is that incumbents rarely maintain their market share against new challengers. A significant portion of this is likely due to incentives. Still, a portion is also likely from new entrants learning lessons from

1/ DATA UPDATE: We just released our Decentralized Exchange dashboard, the most comprehensive view on DEX activity. Built by Sharples 🟪, the dashboard currently covers broad DEX activity, blockchain and DEX metrics, and the top tokens traded. Here are some of the insights.

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1/ DATA UPDATE: We're pleased to announce our new dashboard on Spark, the latest addition to our lending sector coverage! Built by Jack the dashboard covers lending markets and Spark's financials. Key insights below 👇

Open disclosure levels the playing field for information access Im very happy to have this framework live. It enables projects to communicate a set of information to the market, which previously did not exist Sunlight is the best disinfectant x.com/Blockworks_/st…