Good morning fam ❤️
Here is the top news of the week 👇 🗞️
🔔 The United States cut tariffs on Chinese goods from 145% to 30% for 90 days and China also lowered tariffs on the US from 125% to 10% for 90 days.
🔔 Michael Saylor's 'Strategy' bought 13,390 #Bitcoin worth $1.34 billion.
🔔 🇺🇸 US inflation fell to 2.3%, lower than expectations.
🔔 Binance founder CZ said Abu Dhabi is the AI and blockchain center of the world.
🔔 FTX will distribute over $5,000,000,000 to creditors on May 30.
🔔 🇦🇪 NVIDIA and OpenAI partnered with UAE to help build one of the world's biggest AI data centers.
🔔 Basel Medical Group $BMGL plans to acquire $1 billion Bitcoin.
🔔 Eric Trump said it's a race to the top to accumulate as much Bitcoin as possible.
🔔 Trump said "I'm a big fan of crypto"
🔔 Trump's Executive Director of Digital Assets said #crypto is the next generation of finance.
🔔 🇦🇪 Abu Dhabi's Sovereign Wealth Fund disclosed a $408 million investment in BlackRock's spot Bitcoin ETF.
🔔 Donald Trump said Apple CEO Tim Cook "I don't want you to build factories and manufacture in India"
🔔 🇺🇸Coinbase CEO Brian Armstrong called on Congress to pass crypto stablecoin legislation.
🔔 🇧🇷 Meliuz bought $28.4 million Bitcoin, becoming Brazil's first BTC Treasury company.
🔔 🇷🇺 Russia’s central bank has reported that Bitcoin is a top-performing asset in 2025.
🔔 Twitter Founder Jack Dorsey said small businesses can be their own bank using Bitcoin.
🔔 JPMorgan has officially settled its public transaction of tokenized treasuries.
🔔 🇦🇪 Dubai partnered with Crypto․com to accept crypto for government services.
🔔 Coinbase will Join the S&P 500 on May 19.
Many asked what is REV.
Real Economic Value (REV) = Transaction fee and tips that users are paying for.
Each has its own reason for adoption:
🥇 SOL = Meme and Launchpad
🥈 Tron = Stablecoin Txs
🥉 ETH = DeFi
While this is not the best metrics to measure the value of a chain, it shows how effectively chains capture value from users.
ETH L2s generate lower REV due to cheaper fees and fewer trading tokens, but they served the purpose of fast transactions while inheriting EVM and ETH's security.
Centralised L1 like Tron high REV comes from higher fees and strong regional adoption, which is a deep rooted "culture" likely to continue without major market disruption.
SOL is in the best scenario, strong REV + strong app revenues by acting as the bridges between retails and blockchain, effectively filling the role L2s were meant to play.
With that being said, each chain has it owns purpose of adoption (E..g, ETH for secruity, BNB for exchanges alpha / listing play etc) so existing chains would enjoy the REV they are capturing now for that purpose.
But moving forward, I expect all the upcoming chains will try to maximize their REV from user adoption, since this is what makes the fundamental strong , attract bid and eventually gain adoption.
Anyway, here's the dashboard to REV by @blockworksres.
Solana Records $1.2B in App Revenue in Q1, Pump.fun Leads the Surge
Solana logged its best quarter in 12 months, generating $1.2 billion in application revenue in Q1 2025 — a 20% increase from the previous quarter. January alone accounted for nearly 60% of that revenue, driven by a surge in speculative activity.
Memecoin launchpad Pump.fun led the pack with $257 million, followed by Phantom ($164 million), Photon ($122 million), Bullx ($87 million), and Jupiter ($80 million). Jupiter posted the highest revenue growth rate at 79%.
According to Messari, the revenue spike was closely tied to increased trading speculation ahead of the U.S. presidential inauguration, especially during the launches of the TRUMP and MELANIA tokens. Average daily DEX volume in January hit $8.3 billion, up 153% from Q4 2024.
According to @hashed_official's data dashboard, the number of active addresses on the Avalanche network reached an all-time high in May, with 1.95 million active addresses. This surge is likely driven by the launch of the blockchain game MapleStory Universe. Meanwhile, BlackRock's tokenized short-term U.S. Treasury product, sBUIDL, has been adopted as collateral on the Avalanche-based Euler protocol.