Stacy in Dataland (´⊙~⊙`)

Ethereum reached an ATH in daily gas usage, crossing 149 billion gas units. It’s a clear sign of surging on-chain demand and real adoption momentum.

Stablecoins are leading the charge into this cycle. Yield-bearing stablecoins are surging, turning idle capital into income. Their mcap jumped 45% in H1 2025, reaching $12.4B.

Last week, the DEX-to-CEX spot volume ratio stood at 38.25%. That’s down from 63% in early June and 55% by month’s end, but still higher than any week before January 20, 2025. Despite the dip, the decentralized trend holds firm.

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In previous cycles, Bitcoin calm often sparked altcoin rallies — 2017 and 2021 proved that. If TRX keeps gaining and others follow, we might be entering altseason territory. But as long as BTC dominance hovers above 50%, the door remains only half-open.

The Bitcoin supply clock is ticking — just 5.3% of the total supply is left to be mined.

We're approaching the last week of July – the time for new insights and results has also come📣 General ➖ Cryptorank: GENIUS and CLARITY Acts: U.S. Crypto Regulation & Adoption ➖ CoinShares: Market update - July 18th, 2025 ➖ CoinShares: Digital asset fund flows | July 21th 2025 ➖ CoinGecko: 2025 Q2 Crypto Industry Report ➖ Binance: Half-Year Report 2025 ➖ Galaxy: Testing the Limits of Fed Independence ➖ Galaxy: Weekly Top Stories - 7/18 Market ➖ 4pillars: Are Stablecoin Payments a Threat to Banks and Card Networks? ➖ Coinbase: Weekly: BTC Surge, ETH Breakout and Crypto Week ➖ Glassnode: Market Pulse: Week 30 DeFi ➖ 4pillars: Stable: A Digital Nation of USDT, by USDT, for USDT Blockchains & networks ➖ 4pillars: Layer3: The Final Piece in Web3 Mass Adoption

$FLUIDmay be the most underrated ETH beta play right now, averaging $700M in daily volume. If its upcoming Dex v2 flips Uniswap on volatile pairs as expected, the market will need to reprice it quickly. It’s already leading in stablecoins and correlated token volumes.

Last week, total NFT trading volume across all chains topped $140 million for the first time since January. Ethereum led the rebound with a 300%+ surge over the past two weeks. The NFT market cap now stands above $6 billion.

Aave’s TVL has exploded past its 2021 peak, in both ETH and USD terms. And yet, it's still only the size of a mid-tier TradFi bank — for now.

$ENA has jumped 47% in the past week — and it’s not just riding the market wave. Traders are speculating on the activation of Ethena’s fee switch, which is already coded but gated behind certain thresholds. If triggered, sENA holders would earn protocol fees — mainly from USDe minting and other revenue streams.

Fluid Lending enters Q3 with nearly $600 million in total market size across four chains. Ethereum leads with 80% of the share, while Arbitrum, Base, and Polygon account for the rest.