Casting hex wizardry | prev: @blockworks | @openblocklabs https://nitter.gq/t.co/rzw9wCBEzY https://nitter.gq/t.co/I3g8v1M4R5
Joined August 2024
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If you’re trying to get away from trenching energy just look at what this space is doing for remittances and expanding access to the USD / US equities
This is actually useful and work we should be proud to embrace
Circle is partnering with @GlblCtzn to expand economic opportunity across Africa through digital financial innovation.
Participating vendors behind Global Citizen and pgLang’s Move Afrika concerts will be able to get paid in USDC, beginning in Rwanda in 2027.
The multi-year partnership will also:
→ Support financial skills training for local businesses and creators
→ Launch the Global Citizen & Circle Impact Champions Award to fund qualified charitable organizations with USDC
circle.com/pressroom/global-…
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To build ontop of this, it's important to understand "why your users are bridging"
The $USDC volumes in the last 60 days were organic largely composed of CEX related activity
CircleCross-Chain Transfer Protocol (CCTP) has surpassed $300B in all-time transfer volume.
A major milestone for the infrastructure enabling USDC, EURC, cirBTC, and supported third-party asset transfers across blockchains.
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The largest intention for bridging $USDC is related to CEX's (~50%)
I looked at post briding activity of high value transfers across Ethereum, Arc, and Base for @circle's CCTP bridge over the last 60 days
Interestingly binance has stopped this week's internal wallet transfers post bridging since the Oct 29th hack
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Once the one tick farming operation turned off, USDC volumes dropped 80% week over week
Guess we know why it turned off now
Autopilot goes live within 72hrs 👀
sAERO holders will soon be able to set up Autopilot to automate the allocation process, collect exchange revenue, and either compound or convert their earnings.
More details 👇
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USDC transfer volumes on Base have dropped almost 80% week over week since the majority of one tick farming has stopped
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The DTCC address cluster from the September Fulcrum tests is now testing lending on public ledgers
This is not a simple DvP sale. This is a CRE orchestrated workflow on a public ledger involving the largest custodian in the world and a decentralized app
On Oct 20 they started running a loan DvP on a test equity using Morpho Blue to borrow and repay
Since then 18 opens, 5 closes, 4 collateral increases, 0 sales, 0 liquidations
The markets consisted of test equity collateral / test usd loan at 86% LLTV. Interest accrued at ~5% apy
sepolia.etherscan.io/token/0…
The next wave is heavily weighted upside for incumbents and who have already solidified their roadmaps
This next wave will be a tsunami of bringing the old to the new among chosen winners in each sector
It’d be wise to accept this reality and follow their breadcrumbs
[ ZOOMER ]
A16Z TO DROP CRYPTO FROM ITS FLAGSHIP BLOCKCHAIN FUND'S NAME, FOCUS ON OTHER INVESTMENTS, ITS FIRST FOUNDING MEMBER TO ALSO LEAVE: THE INFORMATION
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Robinhood chain's STF censored another 6 transactions this morning (54 in oct) that attempted to be force included from the L1
Reminder that it is not a permissionless chain
Censored address:
robinhoodchain.blockscout.co…
The first call hapened back in april with recent early adoption from @ZenithProtocols as the current primary user powering their XLM perps feed
looks like @GMX_IO may have done a test in September for a GMX stream
For now adoption is limited with only 1k calls made in total
NEW: Chainlink oracle infrastructure is now live on @StellarOrg, bringing Data Feeds and Data Streams to Stellar network’s $4B+ RWA ecosystem.
Devs gain verifiable market data powering lending, stablecoins, tokenized equities, & more.
Through the Chainlink Scale program, Stellar is making a substantial capital commitment to give its builders cost-efficient access to high-quality, institutional-grade oracle infra.
On Oct 9th, chainlink load tested hundreds of CRE workflows talking to AWS using the Key Value Store (AWS S3) workflow. It relies on SigV4 so the DON can read and update S3 objects without putting AWS keys onchain
This is how you build the universal golden record at scale
sepolia.etherscan.io/txs?a=0…
82% of rewards emitted from @aeroxyz gauges may have been one tick farmed at increased rewards compared to "real" LP's
- 470.2m AERO claimed (~$454.1m)
- 387.4m AERO claimed by addresses who have ever one ticked (82.4%, ~$374.1m)
- 222.7m AERO claimed on same tx as a one tick mint/burn (47.4%, ~$215.1m)
dune.com/ryeblocks_analytics…
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Currently every hour @The_DTCC runs a live production test of fulcrum on sepolia. What's happening is tokenized MSFT gets locked -> 10k tUSD gets borrowed -> repaid in ~30 seconds unlocking the MSFT collateral
Regulated defi is here
sepolia.etherscan.io/token/0…
Data:
Outbound (Sepolia → Quartzite sends) dune.com/queries/8923488
Inbound (Quartzite → Sepolia executes) dune.com/queries/8923638
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Since the @chainlink reserve has launched, about 11x has been sent to binance vs what was bought back
At current unlock rate these will continue until dec 2029
The next unlock is expected to happen within the next 2 weeks
Chainlink just bought another $1m+ of $LINK from CowSwap to support retail investors and reaffirm its long-term buyback commitment.
Buybacks have now become the new normal - and nobody even pays attention anymore!
1/ Some folks are claiming @LayerZero_Core market share is inorganic. I traced post bridge user activity for September among quality assets & top chains. Only ~$200m was wash/ rebridged (~2%)
Heres the full breakdown of what ~$10B in value has done the past month:
