David Alexander II (@mega_fund) 's Twitter Profile
David Alexander II

@mega_fund

Partner @anagramxyz | ex MD @BinanceLabs, OG @ConsenSys | Research @MetricsDAO | Chaotic Neutral πŸŒ‘

ID: 384688725

linkhttps://www.anagram.xyz/ calendar_today04-10-2011 04:20:12

6,6K Tweet

2,2K Followers

555 Following

David Alexander II (@mega_fund) 's Twitter Profile Photo

Summer is officially over, but Oα‘Žα‘•α•Όα—©Iα‘Ž α”‘α‘Œα—°α—°Eα–‡ was an incredible success. Base heads into the fall reaching all-time highs in many important areas. In terms of network usage and adoption, daily active users have surpassed 1.6M while daily transactions hit 5.2M. Over

Summer is officially over, but Oα‘Žα‘•α•Όα—©Iα‘Ž α”‘α‘Œα—°α—°Eα–‡ was an incredible success. <a href="/base/">Base</a> heads into the fall reaching all-time highs in many important areas. 

In terms of network usage and adoption, daily active users have surpassed 1.6M while daily transactions hit 5.2M. Over
David Alexander II (@mega_fund) 's Twitter Profile Photo

Since the Fed cut interest rates by 0.5% on September 18th, $BTC ETFs have experienced over $862M of net inflows. This includes $365.7M yesterday, the most daily inflow since July ($530M). Daily trading volumes yesterday also reached a new monthly high of $2.4B. Macro leads,

Since the Fed cut interest rates by 0.5% on September 18th, $BTC ETFs have experienced over $862M of net inflows. This includes $365.7M yesterday, the most daily inflow since July ($530M). Daily trading volumes yesterday also reached a new monthly high of $2.4B. 

Macro leads,
David Alexander II (@mega_fund) 's Twitter Profile Photo

Had a chance to do a deep dive into the verifiable compute space and the possibilities of what can be built on Bonsol with the legendary austbot Take a look and step right in 😈

David Alexander II (@mega_fund) 's Twitter Profile Photo

We head into this week coming off $1.2B of institutional inflows, the highest weekly volume since July and the third consecutive week of net inflows. This includes over $1.1B in BTC ETFs ($494M of which occurred on Friday, the most in one day since July) and $85M in ETH ETFs.

We head into this week coming off $1.2B of institutional inflows, the highest weekly volume since July and the third consecutive week of net inflows. This includes over $1.1B in BTC ETFs ($494M of which occurred on Friday, the most in one day since July) and $85M in ETH ETFs.
David Alexander II (@mega_fund) 's Twitter Profile Photo

We closed out the month of September with $169B of total fiat-backed stablecoins in circulation, a new record, and an increase of 2.6% month-over-month and 40% from last September. This also marks the seventh consecutive month that a new all-time circulation level was achieved.

We closed out the month of September with $169B of total fiat-backed stablecoins in circulation, a new record, and an increase of 2.6% month-over-month and 40% from last September. This also marks the seventh consecutive month that a new all-time circulation level was achieved.
David Alexander II (@mega_fund) 's Twitter Profile Photo

Despite prevailing market conditions, open interest on $SUI futures has surged to record levels of $519M and has increased 293% over the last 30 days. Meanwhile, the demand for SUI continues to gain momentum, as daily trading volumes are at all-time highs and now stand at $1.5B

Despite prevailing market conditions, open interest on $SUI futures has surged to record levels of $519M and has increased 293% over the last 30 days. Meanwhile, the demand for SUI continues to gain momentum, as daily trading volumes are at all-time highs and now stand at $1.5B
David Alexander II (@mega_fund) 's Twitter Profile Photo

As the Base ecosystem continues to evolve, it's interesting to see how different applications emerge and gain traction. Aerodrome now accounts for 60% of all DEX activity on the network, followed by Uniswap (30%), and recently handled $3B of weekly volume (compared to

As the <a href="/base/">Base</a> ecosystem continues to evolve, it's interesting to see how different applications emerge and gain traction. <a href="/AerodromeFi/">Aerodrome</a> now accounts for 60% of all DEX activity on the network, followed by Uniswap (30%), and recently handled $3B of weekly volume (compared to
David Alexander II (@mega_fund) 's Twitter Profile Photo

An interesting angle around spot $BTC ETF activity is its impact on exchange liquidity. Since launching in January, the total balance of BTC on exchanges has decreased by 16% as nearly 400,000 BTC ($24.8B) was withdrawn from exchanges. Meanwhile, BlackRock (361K BTC), Grayscale

An interesting angle around spot $BTC ETF activity is its impact on exchange liquidity. Since launching in January, the total balance of BTC on exchanges has decreased by 16% as nearly 400,000 BTC ($24.8B) was withdrawn from exchanges. Meanwhile, <a href="/BlackRock/">BlackRock</a> (361K BTC), <a href="/Grayscale/">Grayscale</a>
David Alexander II (@mega_fund) 's Twitter Profile Photo

Monthly volume on Polymarket market has already surpassed $519M and is quickly closing in on its all-time high of $534M achieved last month. At this pace, Polymarket will handle nearly $2.1B of volume in October. The looming question, however, is what happens to prediction

Monthly volume on <a href="/Polymarket/">Polymarket</a> market has already surpassed $519M and is quickly closing in on its all-time high of $534M achieved last month. At this pace, Polymarket will handle nearly $2.1B of volume in October. 

The looming question, however, is what happens to prediction
David Alexander II (@mega_fund) 's Twitter Profile Photo

Token holder distribution of $TON has grown by 2400% this year, as the total number of TON holders now stands at 90M. To put this into perspective, $OP and $ARB have about 1.2M and 1.4M holders, respectively, while $ETH has about 220M. The majority of this growth occurred over

Token holder distribution of $TON has grown by 2400% this year, as the total number of TON holders now stands at 90M. To put this into perspective, $OP and $ARB have about 1.2M and 1.4M holders, respectively, while $ETH has about 220M.

The majority of this growth occurred over
David Alexander II (@mega_fund) 's Twitter Profile Photo

Bitcoin DeFi has finally arrived. Access to $BTC liquidity without selling the underlying asset and native yield-bearing stablecoins will be instrumental to driving the entire ecosystem. Beyond web3 integrations, this could also be especially important as risk-free rates

David Alexander II (@mega_fund) 's Twitter Profile Photo

And there we have it, monthly volume on Polymarket for October flipped the entire volume in September by more than 43% and is at $766M less than 2 weeks into the month. To no surprise, the presidential election outcome leads the way with $571M (compared with $189M last month),

And there we have it, monthly volume on <a href="/Polymarket/">Polymarket</a> for October flipped the entire volume in September by more than 43% and is at $766M less than 2 weeks into the month. 

To no surprise, the presidential election outcome leads the way with $571M (compared with $189M last month),
David Alexander II (@mega_fund) 's Twitter Profile Photo

As the stablecoin space continues to evolve and competition ramps up, mechanisms that share revenue or offer native yield to users will become increasingly important. Enter CAP 😈 h/t Benjamin.lens

David Alexander II (@mega_fund) 's Twitter Profile Photo

Yesterday over $555M $BTC ETF net inflows occurred, the most daily volume since the first week of June. During this time, BTC increased by 7% while trading volumes are now up 17% on the day. Since the Fed cut rates on September 18th, total BTC ETF inflows have surpassed $1.98B

Yesterday over $555M $BTC ETF net inflows occurred, the most daily volume since the first week of June. During this time, BTC increased by 7% while trading volumes are now up 17% on the day. 

Since the Fed cut rates on September 18th, total BTC ETF inflows have surpassed $1.98B
David Alexander II (@mega_fund) 's Twitter Profile Photo

Stablecoin growth over the past month shows two particularly interesting things: (1) USDC ($960M) circulating supply outpaced Tether ($793M) and (2) PYUSD circulating supply on Solana is down 36% as users are reverting back to baseline behaviors since incentives for using it

Stablecoin growth over the past month shows two particularly interesting things: 

(1) USDC ($960M) circulating supply outpaced Tether ($793M) and 

(2) PYUSD circulating supply on Solana is down 36% as users are reverting back to baseline behaviors since incentives for using it