$HYPE Hyperliquid has dominated 75%+ of decentralized perps volume and allocated 97% of generated fees to buybacks.

We finished our full deep dive and bull case on Hyperliquid at a $40B FDV.

Here are the key highlights from our research 🧵👇 (1/6) Significant Potential in Spot Market:

Hyperliquid’s on-chain CLOBs and Hyper Unit protocol uniquely position it to gain significant more decentralized spot market share.

Hyperliquid spot volume is already back to December highs, while CEXs are still down ~50%.

How are stablecoins used for payments?

Alongside @CastleIslandVC and @dragonfly_xyz, we sourced data from 20 leading stablecoin companies (with public data from 11 more) to answer the question.

A 🧵 on the incredible growth of stablecoin payments We were able to specifically attribute $94.2 billion worth of stablecoin payments settled between January 2023 and February 2025

Monthly stablecoin payment growth is up 215%, from <$2bn to over $6.3bn

@Celo recently passed @trondao in daily active addresses for stablecoin usage.

-What's behind this meteoric rise?
-Is Africa undergoing a stablecoin breakout?

A 🧵 We know the limitations of daily active addresses, so we are taking a deep dive into @Celo stablecoin transaction volumes.

-Transfer sizes across all buckets are growing, indicating its not addresses spamming the network making very small transactions

We are thrilled to power the onchain insights of "Stablecoins: The Emerging Market Story." Working closely with @Visa and @CastleIslandVC we highlighted:

-A new "adjusted" transfer volume metric
-Stablecoin vs overall crypto growth
-Dollar dominance of stablecoins As shown above, today, stablecoins are responsible for between 70 and 80 percent of all value settled on public blockchains.

Solana stablecoin volumes - a small thread 🧵

https://twitter.com/869659857590288384/status/1805731528023957778

Since June 10, Solana stablecoin volume have diminished from $74bn to roughly $7bn a day

📢 Exciting news! The Q3 2023 On-Chain Report is here.

In collaboration with @QuickNode, we dove deep into blockchain consumer behavior, developer trends, and venture capital investments.

Get ready for some eye-opening insights! 🧵⬇️ This report gives an overview of blockchain activity:

1. Current usage trends
2. Emerging developer trends
3. Investment landscape by VCs

By centering on developers and end users, we gain insights into building a sustainable Web3 ecosystem.

.@SuiNetwork just shattered a groundbreaking record in blockchain history.

Most transactions recorded in a blockchain ever.

Here's the tldr.🧵 1/ To be clear, Artemis counts "transaction blocks" for @SuiNetwork instead of transactions when comparing with Ethereum and other chains.

https://twitter.com/Artemis__xyz/status/1656040033546059790

Yesterday, we published an airdrop calculator that prices your Arbitrum 🔵 Airdrop based on the fully diluted valuation (FDV) of Optimism 🔴

But is that a fair comparison?

Let's build a comp ✍️ and see what the numbers say 🔢 (NFA)

https://twitter.com/Artemis__xyz/status/1636378512063102981

First, let's gather assets in Arbitrum's peer group. A reasonable set of peers include EVM-compatible L1s / L2s:
- AVAX
- BNB
- ETH
- FTM
- OP
- MATIC
- TRON

The $ARB token is finally here!

In this thread we'll discuss:
🔵 Token Allocation / Economics
🔵 Airdrop criteria
🔵 How much could my airdrop be worth? $ARB is an ERC-20 token native to the Arbitrum One rollup chain. Token properties at launch:
- 🔟 billion initial supply cap
- a modest 2% max inflation

How has gas usage on L1 ETH's largest application verticals changed over the past few months? 🧵

After a drop in on-chain activity post FTX across most major categories, January 2023 has seen a significant rebound in key areas including DEXs and NFT Marketplaces We can see that nominal volumes have returned to roughly where things stood in Q3 '22, pre FTX collapse, and has actually grown significantly more for NFT marketplace activity

✨ Perps ✨ are now supported on Artemis!

Highlights
- dYdX is #1 in daily trading volume ($981m)
- dYdX is #1 in returns in 2023 (169%
- GMX is #1 in daily traders (1.6k)
- GMX flipped DYDX and is #1 in TVL ($540m)
- GMX is #1 in protocol fees ($212k)

🧵 on perps data Overview
- dYdX is a decentralized perp contracts exchange that runs on L2 @StarkWareLtd but is moving to Cosmos to build its own chain
- GMX is a decentralized perpetual exchange on Arbitrum and Avalanche
- Gains is a decentralized trading platform built on Polygon & Arbitrum

What are people doing on Polygon $MATIC? 👀

👉 Here's what's going on-chain ⛓ Polygon is an Ethereum compatible scaling solution promising lower fees, scalability, security.

Compared to other top L1s, MATIC is
- 2nd in Daily Transactions
- 3rd in Fees Generated
- 3rd in TVL (tied with Arbitrum)
- 4th in Daily Active Addresses

Pretty sizable chain.

what happened last week in crypto 👇 The pump continued with a median and average 7D increase in price of ~15% and ~26%, respectively. The crypto markets have been all green in 2023, with almost a ~50% median rebound in the L1 ecosystem since the start of the year

what happened last week in crypto 👇 This week saw a continued jump in prices across the board with an average price increase of ~15% across the ecosystem, with APT, SOL and OP leading the pack (~37-39% increase WoW).