Stacy in Dataland (´⊙~⊙`)

$ASTER has overtaken Hyperliquid in daily perpetuals volume. The race for dominance among perpetual DEXs is heating up, with total monthly volumes across major platforms now exceeding $569B.

What a day to read new research! General ➖Crypto.com: Alpha Navigator: Quest for Alpha [August 2025] ➖ CoinGecko: Survey: More Crypto Newcomers Wary As Bitcoin Goes Mainstream ➖ Binance: Weekly: Fed Cut and Post-FOMC Digestion ➖ Cointelegraph: Trusted Execution Environments (TEE) explained: The future of secure blockchain applications ➖ Galaxy: Cheat Sheet: The President’s Working Group on Digital Asset Markets Report ➖ Galaxy: Weekly Top Stories - 9/19/25 Market ➖ CryptoRank: August Crypto Exchanges Report: Trading Volumes, Key Milestones, and Future Outlook ➖ Coinbase: Weekly: Markets receive risk-on signal ➖ Glassnode: Post-Cut Patience ➖ Glassnode: BTC Market Pulse: Week 39 ➖ Glassnode: Pressure Points: Liquidation Heatmaps & Market Bias ➖ Galaxy: Event-Driven Borrowing and Volatile Basis Define Lending Flows Blockchains & networks ➖ DL Research: RedStone: The Fastest-Growing Blockchain Oracle Report ➖ DL Research: Plasma Redefining Stablecoin Settlement Tokens & currencies ➖ CoinGecko: Only 1 in 7 Still Believe Satoshi’s ‘Bitcoin As P2P Cash’ Vision ➖ The Defiant: Vast Majority of Airdrops Lose Value in Three Months: DappRadar

Just one day after announcing 12% APR, USDe hit $600M in volume on Binance. The token is tapping into the full distribution power of the world’s largest exchange — with 280M+ users — making a $1B milestone feel inevitable.

NEAR sees steady bridge activity, averaging $12–$20M in daily volume with balanced inflows and outflows. While others chase hype, NEAR is quietly building one of crypto’s stickiest ecosystems.

Q3 2025 is shaping up to be Uniswap’s biggest quarter yet, with trading volume already near $270B — and over a week still left on the clock.

Here are the top crypto projects in the Solana ecosystem ranked by development activity. The arrows indicate how each project’s ranking has changed since last month.

Pendle currently leads all Ethereum-based projects in terms of mindshare.

Aleo enables users to submit private transactions using ZKP generated by its prover network. In Q2 2025, 9.6% of all 6.7M transactions were private — a 5.6% QoQ increase. While public activity still dominates, the steady growth in privacy adoption highlights Aleo’s emerging edge in the L1 space.

ICYMI, today is the last day to register for the Anoma airdrop. Here's the link. And here, you can find my Anoma pre-TGE report highlighting the key elements of the Anoma thesis. Enjoy reading!

Polygon’s push to position itself as a payment-first blockchain is paying off. Its circulating stablecoin supply has climbed to $2.9B — up 81.2% year-to-date — driven by growing demand for onchain payment infrastructure.

DeFi is entering a new phase as highly profitable financial platforms emerge onchain. In just one quarter, seven top protocols — Hyperliquid, Pump, Aave, Ethena, Sky, Jupiter, and Aerodrome — have collectively generated over $500M in revenue.

$PEAQ’s breakout has energized both its own market and the broader robotics sector. By Q3, the project had 2.1M users and nearly 3M machines in its ecosystem. Notable related tokens include $AUKI and $SLC. With robotics' total market cap at just $420M, many believe it could become one of the fastest-growing industries in the next five years.