Dan Smith
@smyyguy
data @BlockworksRes || kindly remember this is just twitter
Sharplink's vote to authorize another $5b shares is currently ongoing and will likely pass SBET currently sees ~$2b of daily trading volume If you assume they can only sell about 2.5% of their daily volume without impacting price, they can sell ~$50m per day to buy more ETH
The combined market cap of non-bitcoin Crypto Treasury Companies now sits at $7.3b
Crypto Treasury Companies saw $7.3b in volume today Volume leaders: - MSTR 40% - BMNR 29% - SBET 24%
Silently, borrow demand continues to grow on @maplefinance. Syrup pools are back to near 100% utilization from a 55% low in June. With active loans to institutions yielding higher APYs than idle capital, Syrup may be gearing up for its next leg of growth.
Yesterday was @bonk_fun's highest day in terms of BONK buybacks ($3 million). @RaydiumProtocol and @GraphiteProto also posted buybacks of ~$200K each.
500,000,000,000 $BONK was just burned based on fees generated at @bonk_fun You can track fees generated for $BONK buy and burns at revenue.letsbonk.fun
In the heat of the launchpad wars, Axiom proved to be closest to the user All tokens from every launchpad are displayed in the feed, so axiom users just kept trading when momentum swung in favor of bonk/raydium The frontends hold the keys
NEW AXIOM DASHBOARD @AxiomExchange is one of the fastest-growing projects in all of crypto. Backed by @ycombinator, Axiom has generated over $120 million in its first 8 months. The new dashboard covers Axiom's Financials, Spot Trading, and its Users. Here are some of the…
GameSquare has acquired the iconic Cowboy Ape #5577 CryptoPunk from DeFi pioneer @rleshner in a $5.15M strategic investment. We also added $10M of ETH to our treasury, bringing total Ethereum treasury holdings to over $52 million.
GameSquare has acquired the iconic Cowboy Ape #5577 CryptoPunk from DeFi pioneer @rleshner in a $5.15M strategic investment. We also added $10M of ETH to our treasury, bringing total Ethereum treasury holdings to over $52 million.
After only a few short months, USDS deposits and loans have overtaken DAI on @sparkdotfi. Since May, interest rates for the two assets have remained within about 20 basis points of each other.
Solana & Ethereum REV prediction markets are live on @Kalshi Put your money where your mouth is
The largest public Crypto Treasury Companies hold an aggregate of $2.7b of ETH
Ethereum Treasury Companies closed the day with $1.9b in trading volume, now hovering near the lows since the initial pop MSTR regained dominance of the broader sector's volume with 71% of aggregate volume, followed by SBET (12%) and BMNR (11.5%)
Tron ringing the Nasdaq opening bell on the same day that Sharplink authorizes another $5b ATM share facility to buy more ETH This is what they meant by the banana zone
Seems true (still early)
one interesting consequence of higher cu limit i think we are observing (just a hunch) is that small spikes in demand no longer have to be smoothed out as much over the neighboring blocks, leading to some 60M cu blocks but also many half empty ones
It's well known that Axiom is one of the top revenue-generating apps in crypto; however, very little has been discussed about where these retained earnings are allocated. Most of Axiom's holdings are onchain, instead of a CEX. Over $70 million is currently staked on Solana, $15…