Stacy in Dataland (´⊙~⊙`)

USDE supply surged 75% last month, hitting $9.3B, which makes it the third-largest stablecoin by market cap. This growth helped push Ethena into the top 6 DeFi protocols by TVL, reinforcing its position in onchain finance.

Perpetual trading volume hit an ATH of ~$400B in July 2025, led by Hyperliquid with a dominant $315B (79%) share. As tokenized stocks and pre-IPO assets like OpenAI and Stripe move onchain, the upside for perps is just getting started.

DeFi capital continues flowing into new chains — Katana and Plume are leading the surge in TVL among 2025 launches. Despite a 21.6% monthly drop, Unichain still holds the #1 spot for total value locked this year.

While DeFi’s total value locked declined in H1, RWA protocols saw continued inflows. This divergence reflects growing confidence in tokenized real-world assets backed by tangible revenue streams.

After a recent 33% inflation reduction, Celestia may go further — a new proposal suggests cutting rates again, from 5% to 2.5%. If passed, this would mark one of the steepest supply-side adjustments in L1 governance.

Katana consistently pushes over 100,000 transactions daily since its mainnet launch. Yet, the number of unique wallets remains modest, pointing to high system throughput but early-stage user adoption.

Projects are not killed by scammers, but by themselves. Protocol mechanism design and smart contract bugs have caused the largest crypto losses compared to other factors over the past 5 years. From 2020 to 2025, $3.05 billion was lost due to mechanism design, and $3.15 billion due to smart contract bugs. Private key management is in third place among the reasons, with losses reaching $1.6 billion.

According to DappRadar, Ethereum’s 2025 activity is on track to match — or even surpass — 2024 levels.

Ethereum’s share of open interest has climbed to nearly 40% — the highest level since April 2023. Only 5% of trading days have seen a stronger reading. It’s a clear signal of shifting market focus, as capital slowly moves from $BTC toward $ETH.

Google Trends shows that search interest in stablecoins reached a record high in July. The spike coincides with the market’s $272B cap and the U.S. approval of the GENIUS Act, a regulatory milestone for dollar-pegged assets. Today, 98% of stablecoins are USD-linked, with Tether commanding 60% of supply.

Aethir delivered solid growth in H1 across key metrics: • Revenue: +96% (Q1), +16% (Q2) • Cloud host earnings: +58% (Q1), +21% (Q2) • Buyer-side fees: +192% (Q1), +37% (Q2) • Cumulative staking emissions and compute hours both trended upward, hitting 282.2M hours in Q2.

Since integrating with Zora, Base has led Solana in daily token creation for 3 days straight. The surge highlights Base’s growing appeal for creators and memecoin experiments.