244869
Leon Waidmann | Onchain Insights
@leon-waidmann #244869
Head of Research @onchainhq
🔎 | Get Insights into the most important Onchain Trends | Uncover future-shaping Developments.📈
https://linktr.ee/LeonWaidmann
3903 Follower 75 Following
🔸 Stablecoins on ETHEREUM L2? Still TINY! 🤏
➡️ETH Mainnet: $118.9B 🐋
➡️All ETH L2s: ~$10B 👶
➡️Solana alone: $11.79B
➡️Sui: $897M
Scaling race just warming up.📈
➡️ETH Mainnet: $118.9B 🐋
➡️All ETH L2s: ~$10B 👶
➡️Solana alone: $11.79B
➡️Sui: $897M
Scaling race just warming up.📈
🔸Stablecoins are booming on Ethereum L2s! 🚀
➡️@arbitrum at $4.7B (+25% YoY) 🥇
➡️@base at $3.8B (+58% YoY) 📈
🔸Stablecoins = liquidity + adoption
➡️@arbitrum at $4.7B (+25% YoY) 🥇
➡️@base at $3.8B (+58% YoY) 📈
🔸Stablecoins = liquidity + adoption
🔸Ethereum L2 throughput is EXPLODING! 🚀
🔸Base now at 30.83 Mgas/s (+516% YoY). 📈
🔸Why care? More throughput = more compute power.
➡️MEANS cheaper fees, faster apps, bigger scale.
➡️Ethereum ecosystem leveling up FAST! 🔥 @growthepie
🔸Base now at 30.83 Mgas/s (+516% YoY). 📈
🔸Why care? More throughput = more compute power.
➡️MEANS cheaper fees, faster apps, bigger scale.
➡️Ethereum ecosystem leveling up FAST! 🔥 @growthepie
🚨MASSIVE ETHEREUM price spike 📈
🔸Yet ETF inflows? Shockingly low! 😱
🔸This has to be crypto’s most hated rally EVER. 🤷♂️
➡️Everyone still completely sidelined on this trade...
🔸Which means one thing:
➡️We're perfectly set up to go MUCH, MUCH higher from here! 🚀🚀🚀
🔸Yet ETF inflows? Shockingly low! 😱
🔸This has to be crypto’s most hated rally EVER. 🤷♂️
➡️Everyone still completely sidelined on this trade...
🔸Which means one thing:
➡️We're perfectly set up to go MUCH, MUCH higher from here! 🚀🚀🚀
🔸 Solana is the most efficient Blokchain!
Processes ~1,000 TPS—far ahead of Base (~70 TPS) and Aptos (~30 TPS).
🔸⚡️But ETH's L2s are catching up! 🚨
If I had to make a prediction, I'd say ETH's combined ecosystem TPS will surpass Solana before 2026!📈
Processes ~1,000 TPS—far ahead of Base (~70 TPS) and Aptos (~30 TPS).
🔸⚡️But ETH's L2s are catching up! 🚨
If I had to make a prediction, I'd say ETH's combined ecosystem TPS will surpass Solana before 2026!📈
🔸Strategic ETHEREUM Reserve just hit a new ATH at 655,341 ETH ($1.47B)! 🚀
@GnosisDAO and @exodus recently joined.
Expect rapid growth as $ETH becomes the go-to treasury asset across the entire Ethereum ecosystem!
@GnosisDAO and @exodus recently joined.
Expect rapid growth as $ETH becomes the go-to treasury asset across the entire Ethereum ecosystem!
🔸$ETH flips deflationary again as Pectra drives a massive spike in network activity.
38K+ ETH burned in 24h.
More transactions, fewer tokens, stronger fundamentals.🔥📈
38K+ ETH burned in 24h.
More transactions, fewer tokens, stronger fundamentals.🔥📈
That was fast! We're already back in "Greed" territory at 70, after hitting "Extreme Fear" just a month ago.
Crazy how fast sentiment can switch in crypto.🤯
Crazy how fast sentiment can switch in crypto.🤯
📉 Ethereum Weekly Engagement dropped:
🔸 10.4M active addresses (‑32.35%)
🔸 L2 dominance: 4.76x (‑28.81%)
But don’t fade ETH.
Pectra just went live: enabling smart accounts, more blobs, and scaling the ETH L2 economy.
Expect more growth in the coming months.
Bullish.📈
🔸 10.4M active addresses (‑32.35%)
🔸 L2 dominance: 4.76x (‑28.81%)
But don’t fade ETH.
Pectra just went live: enabling smart accounts, more blobs, and scaling the ETH L2 economy.
Expect more growth in the coming months.
Bullish.📈
💸 Post & Earn Is Now Real
On Farcaster, users have already earned $28k+ just by liking and recasting posts.
No ads. No gatekeepers. Just onchain social incentives.
Here’s how 👇
🔸 Amps. fun: Pay to promote posts, earn by engaging
🔸 $28k+ earned since Feb
🔸 2,500+ weekly Amps
🔸 Wallet-native Mini App
🔸 All inside your social feed
And that’s just the beginning…
Farcaster is evolving into a full Mini App ecosystem:
🎧 Spoticast – see what friends are listening to
🧠 AI or Not – viral AI guessing
🪙 Zora – mint culture instantly
🎯 Trivia, games & more
Mini Apps = programmable social.
You’re not just posting — you're building, earning, experimenting.
On Farcaster, users have already earned $28k+ just by liking and recasting posts.
No ads. No gatekeepers. Just onchain social incentives.
Here’s how 👇
🔸 Amps. fun: Pay to promote posts, earn by engaging
🔸 $28k+ earned since Feb
🔸 2,500+ weekly Amps
🔸 Wallet-native Mini App
🔸 All inside your social feed
And that’s just the beginning…
Farcaster is evolving into a full Mini App ecosystem:
🎧 Spoticast – see what friends are listening to
🧠 AI or Not – viral AI guessing
🪙 Zora – mint culture instantly
🎯 Trivia, games & more
Mini Apps = programmable social.
You’re not just posting — you're building, earning, experimenting.
Farcaster Hits 900k Users and Funded Wallets Cross 100k📈
The decentralized social media project is gaining traction fast:
🔸 900k total users
🔸 183k daily casts
🔸 100k+ funded wallets
🔸 $25k/week in USDC rewards
To boost growth, Farcaster is now free.
And Coinbase just launched a Farcaster-native wallet.
Why it matters:
Funding wallets = the new “follow”
Users won’t just scroll — they'll earn, own, build.
Stay tuned.
The decentralized social media project is gaining traction fast:
🔸 900k total users
🔸 183k daily casts
🔸 100k+ funded wallets
🔸 $25k/week in USDC rewards
To boost growth, Farcaster is now free.
And Coinbase just launched a Farcaster-native wallet.
Why it matters:
Funding wallets = the new “follow”
Users won’t just scroll — they'll earn, own, build.
Stay tuned.
🚀 Tokenized Real-World Assets just hit an all-time high of $22.1B onchain!
🔸+10.5% growth in just 30 days
🔸Driven by Private Credit & US Treasury Debt
🔸Over 100K holders actively participating
🔸+10.5% growth in just 30 days
🔸Driven by Private Credit & US Treasury Debt
🔸Over 100K holders actively participating
🔹 ETH Holders Double Down 📈
Despite entering unrealized losses (ETH price: $1,867 vs. holders' cost basis: $2,026), accumulating addresses increased holdings by +22.5% since March.💪
Despite entering unrealized losses (ETH price: $1,867 vs. holders' cost basis: $2,026), accumulating addresses increased holdings by +22.5% since March.💪
BlackRock’s BUIDL fund is going all in on Ethereum!
Over $2.7B of the fund’s assets are tokenized on ETH.
That’s 92% of the total!
The rest? Not even close:
1️⃣ Ethereum: $2.7B
2️⃣ Aptos: $53M
3️⃣ Avalanche: $52M
4️⃣ Polygon: $38M
5️⃣ Arbitrum: $32M
…
Over $2.7B of the fund’s assets are tokenized on ETH.
That’s 92% of the total!
The rest? Not even close:
1️⃣ Ethereum: $2.7B
2️⃣ Aptos: $53M
3️⃣ Avalanche: $52M
4️⃣ Polygon: $38M
5️⃣ Arbitrum: $32M
…
The chains with the biggest % surge in active addresses over the last 7 days:
1. @unichain +7,788%
2. @Chiliz +612%
3. @berachain +169%
1. @unichain +7,788%
2. @Chiliz +612%
3. @berachain +169%
📢 Crypto liquidity is back!
Stablecoin market cap just hit $220B, the highest level ever.
💰 That means more capital is sitting in stablecoins, ready to rotate into assets like Bitcoin.
Here’s what’s fueling it:
🔹 USDT added $5.3B in the past 30 days
🔹 USDC added $6.0B in the same period
Both are growing faster than usual, a bullish sign.
📊 The Bitcoin Bull Score Index climbed from 20 to 50
This shift reflects improving sentiment and stronger onchain momentum.
Stablecoin liquidity has historically been a reliable signal for upcoming Bitcoin strength.
Right now, that signal is flashing green.
Stablecoin market cap just hit $220B, the highest level ever.
💰 That means more capital is sitting in stablecoins, ready to rotate into assets like Bitcoin.
Here’s what’s fueling it:
🔹 USDT added $5.3B in the past 30 days
🔹 USDC added $6.0B in the same period
Both are growing faster than usual, a bullish sign.
📊 The Bitcoin Bull Score Index climbed from 20 to 50
This shift reflects improving sentiment and stronger onchain momentum.
Stablecoin liquidity has historically been a reliable signal for upcoming Bitcoin strength.
Right now, that signal is flashing green.
🚨 Ethereum isn’t dying! It’s evolving.
📊 $130B TVL on Ethereum mainnet
💵 65% in stablecoins — an all-time high
🔁 DEX TVL down 88% since 2021 peak
But this isn’t bad news.
Ethereum remains the backbone for real capital.
📊 $130B TVL on Ethereum mainnet
💵 65% in stablecoins — an all-time high
🔁 DEX TVL down 88% since 2021 peak
But this isn’t bad news.
Ethereum remains the backbone for real capital.
Despite all the tariff headlines, inflation keeps trending down 📉
🔹 US Inflation now at just 1.37%
🔹 Lowest levels in over a year
🔹 Market fears ≠ economic reality?
🔹 US Inflation now at just 1.37%
🔹 Lowest levels in over a year
🔹 Market fears ≠ economic reality?
📈 Ethereum Spot ETFs are finally showing net positive inflows again.
But let’s be clear: we’re still miles away from the peak ETF demand seen in late 2024.
➡️ The ETF crowd hasn’t gone full bull yet, but they're cautiously dipping back in.
But let’s be clear: we’re still miles away from the peak ETF demand seen in late 2024.
➡️ The ETF crowd hasn’t gone full bull yet, but they're cautiously dipping back in.
🚨 Whales are making moves 🐋
🔹Nearly 10M ETH withdrawn from exchanges
🔹Binance alone accounting for 49% 🔥
➡️Big players quietly shifting to long-term holds and self-custody
➡️Something big brewing behind the scenes? 👀
Bullish for $ETH.
🔹Nearly 10M ETH withdrawn from exchanges
🔹Binance alone accounting for 49% 🔥
➡️Big players quietly shifting to long-term holds and self-custody
➡️Something big brewing behind the scenes? 👀
Bullish for $ETH.
🔥 Solana’s staking market cap ($58.7B) recently matched Ethereum’s ($61B).
Does this mean Solana's security now rivals Ethereum's?
Let's explore this because staking market cap alone doesn't determine network security. Here's my take 🧵👇
🔹 Both ETH and SOL share theoretical thresholds:
33% stops block generation.
51% creates a chain fork.
67% enables double-spending.
🔹 Node Decentralization Is Crucial:
On Ethereum, each validator stakes exactly 32 ETH. To achieve a 51% attack, an attacker would need about 1.187 million nodes, which is practically impossible.
Solana’s stakes are concentrated. Controlling just the top 43 validators crosses the 50% threshold, raising centralization concerns.
🔹 Economics and Participation:
Ethereum’s more accessible 32 ETH staking threshold encourages broad participation, enhancing decentralization.
High operating costs for Solana validators limit participation, inadvertently leading to centralization risks.
Does this mean Solana's security now rivals Ethereum's?
Let's explore this because staking market cap alone doesn't determine network security. Here's my take 🧵👇
🔹 Both ETH and SOL share theoretical thresholds:
33% stops block generation.
51% creates a chain fork.
67% enables double-spending.
🔹 Node Decentralization Is Crucial:
On Ethereum, each validator stakes exactly 32 ETH. To achieve a 51% attack, an attacker would need about 1.187 million nodes, which is practically impossible.
Solana’s stakes are concentrated. Controlling just the top 43 validators crosses the 50% threshold, raising centralization concerns.
🔹 Economics and Participation:
Ethereum’s more accessible 32 ETH staking threshold encourages broad participation, enhancing decentralization.
High operating costs for Solana validators limit participation, inadvertently leading to centralization risks.
👨💻 Top 5 Blockchain Ecosystems by Active Devs:
1️⃣ Ethereum: 2,188
2️⃣ Solana: 667
3️⃣ Cosmos Stack: 632
4️⃣ Bitcoin: 556
5️⃣ Polkadot: 530
What's your take?
Participate and shape our next dashboard @OnchainHQ
👇
https://onchain.typeform.com/to/cUn7HcYQ
1️⃣ Ethereum: 2,188
2️⃣ Solana: 667
3️⃣ Cosmos Stack: 632
4️⃣ Bitcoin: 556
5️⃣ Polkadot: 530
What's your take?
Participate and shape our next dashboard @OnchainHQ
👇
https://onchain.typeform.com/to/cUn7HcYQ
🌐 The DePIN sector is booming and @OnchainHQ mapped it all out for you!
Explore Onchain Intelligence:
🔹 Interactive project insights (followers, market cap & more) 🔍
🔹 Soon: Aggregate DePIN sector index tracking market momentum📈
We're looking for Web3 founders, analysts, researchers & creators to shape future features.
👉Check out the dashboard & share your feedback here! https://onchain.typeform.com/to/cUn7HcYQ
Explore Onchain Intelligence:
🔹 Interactive project insights (followers, market cap & more) 🔍
🔹 Soon: Aggregate DePIN sector index tracking market momentum📈
We're looking for Web3 founders, analysts, researchers & creators to shape future features.
👉Check out the dashboard & share your feedback here! https://onchain.typeform.com/to/cUn7HcYQ
🚨 Stablecoins hit a NEW all-time high 🚨
➡️ $241 BILLION.
➡️ +$5B inflow in just one week.
Crypto markets are showing strength and fundamentals are aligning perfectly.
Massive dry powder is waiting on the sidelines. 📈
➡️ $241 BILLION.
➡️ +$5B inflow in just one week.
Crypto markets are showing strength and fundamentals are aligning perfectly.
Massive dry powder is waiting on the sidelines. 📈