Stacy in Dataland (´⊙~⊙`)

DEX to CEX futures trade volume ratio hits ATH of 8%. This is largely due to the growing dominance of Hyperliquid. The exchange facilitated over $210 billion in perpetual trades in June 2025, which is actually down ~15% month-on-month. In comparison, Binance's perpetual trade volume was down ~20% month-on-month.

I can't find the words to explain how important this is to me.

New weekly research selection, ladies and gentlemen ✨ General ➖ Cryptorank: State of Venture Capital in Crypto, Q1 2025 ➖ Binance: Weekly: Weekend Volatility, BTC Bounces Back, Altseason Remains Elusive ➖ Binance: Navigating Crypto: Industry Map ➖ The Defiant: The Death of Cloud Complexity Begins in Your Browser ➖ Glassnode: Bybit + Glassnode: The Lazarus Hack and Market Resilience Report ➖ Glassnode: A Return to Profitability ➖ Galaxy: Phishing Attacks Grow More Sophisticated ➖ Galaxy: Weekly Top Stories - 6/27 Market ➖ CoinShares: Market update - June 27, 2025 ➖ CoinShares: Digital Asset Fund Flows | June 30th 2025 ➖ CoinShares: Digital asset bi-weekly digest - July 1st 2025 ➖ Coinbase: Weekly: Markets Heat Up ➖ Glassnode: A Compressed Range ➖ Glassnode: Market Pulse: Week 27 ➖ Galaxy: Bitcoin Rallies as Risk Sentiment Rebounds ➖ Galaxy: Why Are Bitcoin Treasury Companies Trading at Such High Premiums to NAV? DeFi ➖ Cryptorank: Hyperliquid 2025: The Only Airdrop Playbook You Need Blockchains & networks ➖ CoinGecko: Solana vs. Ethereum: Which Ecosystem Is Winning 2025 So Far? ➖ Galaxy: Can Binance Smart Chain Sustain Its Roaring Comeback? Tokens & currencies ➖ 4pillars: KRW Stablecoins Should Be Issued on Ethereum (ASA Opinion #2)

Just dropped my big guide to Glassnode. Read it here (and share with your frens) 💥

This week $USDe flows on Aave reached a new daily high of 476,028,967.50.

Internet Computer remains one of the most active AI & Big Data projects by development. Over the past 30 days, its activity has been more than 4 times higher than other projects in this sector.

Binance accounts for 87% of global taker volume, giving it a clear lead in the market. In comparison, OKX, Deribit, BitMEX, and Bybit together account for only about 10%.

Polygon leads in $USDC monthly active user growth.

Uniswap started the year with Mainnet leading in volume, followed by Arbitrum and Base. Base briefly took the crown in late April–early May, even crossing 50%, while BNB Chain led for a short moment in early June. Now, Mainnet is back on top, and Unichain is quietly carving out a 10% share across chains.

The ratio of volumes on DEX in relation to CEX is at a record high for all time. Traders are gradually switching to DEX.

Hyperliquid recorded over $1.571 trillion in perpetual futures trading volume in the past 12 months. With a large volume, DEX made $56 million in fees and revenue this month, bringing its cumulative revenue to $310 million.

Polyhedra's ZKJ token previously accounted for 40%-50% of BNB volume, which may have been due to wash trading. Following the 90% price crash on June 15, ZKJ trading activity has dropped significantly.