$deUSD depegged and now trades around $0.05.

Down 95% in two days: one of the fastest stablecoin deaths since $UST.

Here’s how it unraveled. 👇 2/ @Elixir parked 65% of deUSD’s collateral with @StreamDefi.

Stream then lost $93M using its own stablecoin ( $xUSD) as collateral.

When xUSD dropped 77%, deUSD’s entire backing basically vanished.

.@FlareNetworks is changing the game for blockchain interoperability.

Here’s why this Layer 1 matters, and why FLR staking is worth your attention 👇 2/ Flare is an EVM-compatible Layer 1 focused on interoperability & real-world data with key features such as:

- Flare Data Connector: Lets smart contracts securely use data from other chains and the real world.
- FAssets: A trustless bridging system that brings non-smart contract assets like XRP, BTC, and DOGE into DeFi — securely, scalably, and with full custody retained. Built- in Oracles: Native web2 & web3 data feeds available to every app on Flare.

Avalanche had a standout Q2 2025.

Transactions hit 19M/day (+450%). Daily users peaked at 2M. Then both… stayed up.

Let’s dig into @avax's data, deployments, and developments. 🧵 2/ Codebase Season 4 opened applications for early-stage teams with working demos.

The focus: product-market fit, live feedback, and token launch readiness.

To date, Codebase has funded 25 projects with over $2.5M.

ETH is down 44% since two months ago. Onchain activity has collapsed.

With gas fees at 1.12 GWEI (50x lower than last year) and ETH/BTC trending down, is Ethereum losing its dominance?

Let’s dive in. 🧵👇 2/ Ethereum’s Identity Crisis

• BTC is winning as sound money.
• SOL is winning on speed & UX.
• TIA/Babylon are leading in DA & restaking.

ETH risks becoming a jack of all trades, master of none.

How to research a token using onchain data

Here's our beginners guide using $PENDLE as an example... What do we first see on Token God Mode?

The price is currently down 14% in the last 7 days, but it's up 400% on the year, and there's been a small amount of 🤓 Smart Money outflow in the past 24 hours

Let's take a look into balances to see the largest changes

Memecoins are all over the timeline

Apes are aping, and frogs are making generational wealth

One memecoin slowly capturing mindshare is $ZYN which has suddenly soared over 3000% over the past 30 days

So let's look at some winning addresses $ZYN is on both Solana and Ethereum, for the purpose of this content, we will only be looking at Ethereum

We will also share a few tips and tricks that you can apply to other tokens to find interesting addresses that you can track to generate your own alpha

🤓 Smart Money dispersed $1,072,433 of $PEAS in the past 24h (18x the recent average)

Well, what does that mean?

Let's dive into this Signal, show you how to analyze it, and share interesting addresses with you... Some background on PEAS before we get started...

Having launched in December, PEAS has rapidly risen in price from $0.36 in mid-December to $7.37 at the time of writing, resulting in significant gains for those addresses that got in early...

Is The NFT Winter Over?

In our latest research report, @sandraaleow analyzes the state of NFTs: prices, volumes and the competitive environment of marketplaces

Here are the key takeaways... Total NFT Marketcap

As we write, the total NFT market cap stands at 2.63M ETH (~$4.8B)

In contrast, the NFT market cap peaked at about $3T in November 2021, after the initial NFT bull run (~637x today's value - a large factor of the decline having been the fall in ETH prices)

Are you tired of seeing these clickbait threads on wallets that have made $$$, but the authors never share the wallet address?

With Nansen 2 you can find these addresses in less than 30 seconds using a new feature we've built

Here's how...

https://twitter.com/0xReflection/status/1710954558854439002

Let's first look at what we know about the address from this thread

1. We know that the address starts with "0xaf23" and ends with "4534"

2. We also know the wallet address holds a significant amount of LADYS based on this tweet in the thread

https://twitter.com/0xReflection/status/1710954639657750840

Solana: Past, Present and Future

We're excited to publish our comprehensive deep dive into the @solana ecosystem. @sandraaleow covers ecosystem catalysts, risks, and highlights, explores the onchain data, network development, and much more

Here are the key findings... Solana’s Total Value Locked (TVL) has almost doubled since the start of the year, boasting a TVL of 30.95M SOL

Source: @DefiLlama

There are addresses out there that have made over $100,000 with multiple airdrops

We label these addresses as "Airdrop Pro's"

With Nansen 2, you can track them in real-time with Smart Alerts allowing you to follow every move they make, so you won't miss out

Here's how... You first need to go to "Smart Alerts" on the Nansen 2 homepage

Smart alerts allow you to get notified about the onchain activity that you want to track in real-time, on various platforms like Telegram and Discord

This allows you to miss nothing and react accordingly

An On-Chain Look at New Money Entering The Market

@NgmiShrimp looks into new money entering the market, to help determine whether ETH price movements are just temporary or part of a larger trend of new money entering, potentially triggering the next bull cycle Stablecoin market caps provide a more generic picture, as they include lots of institutions, while the report also presents a retail-focused on-chain metric that gives some insights into adoption

The @pendle_fi Wars: An Analysis of DeFi's Latest Battleground Both @Penpiexyz_io and @Equilibriafi have risen as the two main contenders in the ‘Pendle Wars’

Both launched in June 2023 and have risen to $43m and $30m TVL respectively at the time of writing

Over 500,000 unique wallets have bridged to @Starknet from Ethereum, depositing over $65M on the network

But who are they? And, how does it break down?

Let's take a look on-chain... Deposits on @Starknet greatly accelerated from mid-March when the deposit caps were raised again

ETH is the dominant bridged asset (accounting for nearly 75%)

This is largely due to it having by far the highest maximum cap imposed by StarkWare. Below are the current caps:

Our latest macro report: “Stubborn” inflation and implication for markets “Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he gets really enthused you sell to him, and if he gets depressed, you buy from him. There’s no moral taint attached to that.” Warren Buffet

The beauty of this industry is that you can follow smart money to get ahead of others as it's all on-chain!

@base585 discovered 🤓 smart money like @0xMaki and @PanteraCapital LPing in a pool for @mavprotocol 2 days before their Launchpool announcement!

https://twitter.com/base585/status/1668200183929405440?s=20

By following Smart Money such as VCs and “top-tier” liquidity providers on Nansen, you can discover opportunities before your favourite Twitter influencer tweets about them!

https://twitter.com/binance/status/1668588866335387649?s=20

We spotted a very interesting transaction involving $FLEX, the token behind @CoinFLEXdotcom. It had a CEX inflow of $9.5M in the last 24 hours which is 2221.41x the recent average of $4.2K

The funds were sent to @hodlnautdotcom (bankrupt)

Suspicious... If you don't recognize CoinFLEX, let's bring you up to speed

They were the exchange that accused Roger Ver of defaulting on a $47M loan that they alleged he had personally guaranteed and then suffered financially

https://twitter.com/MarkDavidLamb/status/1541831697787928576

NFT Spotlight: @KanpaiPandas has turned over 171 ETH in the last 24 hours, which is 7.7x the daily average of 22.12 ETH

What's going on?

Let's take a look! The leading buyer of @KanpaiPandas is legendary NFT Collector @CirrusNFT, who in the past 24 hours purchased 28 Pandas on @blur_io between 0.74 and 0.78 and has sold 2 for an avg price of 0.8 ETH

The current floor is 0.79, so they may have perfectly timed the bottom!

It's been 24 hours since the SEC sued @binance. Binance users have withdrawn over $3B across multiple chains since the announcement, resulting in $1.43B negative netflow as of 3pm UTC today

But what does this all mean?

We'll show what you need to see using on-chain data... At a very high level, negative netflow (the sum of what's been deposited into Binance and what's been withdrawn), means that Binance users are withdrawing more than what they're depositing into the exchange

What's included in this week's @nansen_research wrap-up?

Ordinals and BRC-20s, the impact of Ethereum's Shapella upgrade, an overview of the RaaS landscape, and macro updates!

Now, let's get into it... A Primer on Bitcoin's Wild West: Ordinals and BRC-20

Ordinals and BRC-20 tokens are bringing life back to the Bitcoin ecosystem, greatly boosting on-chain activity and transaction fees on the network

@0xomok delves into the weeds of them and offers an overview of the topic

Searching for Alpha has just got easier with the Nansen Search Bar!

Find what you’re looking for on Nansen quickly and easily. There’s also filtering to make the experience the best it can be

Not sure where to start?

Here are 3 things that we think you’ll find interesting... 1. Want to find out what’s happening with a specific token?

Simply search for your token, in this example, we used $ARB

This will bring you to your chosen tokens' “Token God Mode” page, which provides a comprehensive breakdown of everything happening with that token