Selected news
1. USDe issuance exceeds 9.3 billion, setting a new historical high
2. Hyperliquid's revenue in July exceeded $86 million, setting a new historical high
3. Bitcoin options market trading volume shows 'explosive' growth
4. USDe issuance increased by over 75% in a single month, while ENA increased by over 146% in the same period.
5. Last week, outflows from digital asset investment products amounted to $223 million, marking the first outflow in 15 weeks.
Trending topics
Source: Overheard on CT (tg: @overheardonct), Kaito
KAITO: Today's discussion about KAITO mainly focuses on the growth of social reputation in the Web3 space, with many users celebrating the 'yaps' milestone achieved on KaitoAI. The discussion also emphasizes the importance of participating in high-quality content and the challenges of managing AI-generated content. Overall, the community holds an optimistic view of KAITO's future, with many users expressing bullish sentiment and planning to increase their positions.
POL: Today's discussion about POL mainly revolves around Polygon's rapid growth and strategic initiatives. A key highlight is that Polygon's TVL has increased by 37% in the past three months, currently ranking second only to Ethereum. The community is excited about the upcoming POL staking airdrop, with several projects, including Katana, participating. Polygon's integration with the tokenized stablecoin BUIDL issued by BlackRock, which saw a circulation surge of 292%, is also one of the hot topics. Additionally, Polygon's supporting role in decentralized finance and its innovative scaling solutions have received widespread acclaim.
APT: Today's discussion about APT focuses on Aptos's strategic advancement and ecosystem expansion. Aptos has launched a developer grant program covering various fields such as payments and security, receiving a positive response from the community. At the same time, the appointment of Solomon Tesfaye as Chief Business Officer is seen as an important measure to solidify Aptos's position in the institutional market. The strong security guarantees and smooth development experience of Aptos's infrastructure are highlighted as significant factors of its appeal. The community is looking forward to Aptos becoming a 'global trading engine' with real liquidity and throughput capacity.
HYPERLIQUID: Today's discussion about HYPERLIQUID focuses on its strong market position and strategic actions. Paradigm's large holdings in HYPERLIQUID have sparked analysis, indicating that it may have significant unrealized gains. Some of the platform's innovative features, such as providing over 8% annualized returns for going long on Bitcoin, are also receiving attention. Furthermore, HYPERLIQUID's leading position in perpetual contract trading volume and its potential for further growth through new initiatives like 'mindshare mining' have become hot topics. The community is excited about potential airdrops and the platform's competitive advantages in the crypto space.
XRP: XRP has gained significant attention on Twitter, with discussions focusing on its potential as an investment target. Particularly after (Today’s America) recommended it as 'the most worthwhile cryptocurrency to buy with $500', interest has surged. Currently, XRP's price is hovering around $2.80, with analysts predicting a possible rebound. Additionally, Ripple's positioning in the blockchain investment field and the expectations surrounding the XRP ETF have also heightened market enthusiasm. The community is also discussing the influx of institutional funds and the important role XRP might play in tokenized finance.
Selected articles
1. (When brokerages set their sights on cryptocurrency trading)
An insider from a cryptocurrency trading platform told us that he has often been replying to messages at 5 a.m. lately. During the day, he discusses cooperation, monitors progress at night, and checks user community feedback late at night, hardly getting any sleep. 'We can only survive in anxiety,' he said, referring to the competition between platforms, the daily struggle to capture users, products, and traffic.
2. (High APY returning, check out these 7 new stablecoin pools amidst market instability)
The bull market has arrived, with all yield mechanisms amplifying spreads under bullish sentiment, and stablecoin deposits and loans can also bring 'stable happiness'. BlockBeats has compiled a list of seven mainstream stablecoins with 'high APR pools', all with an APY of over 10%, which will be introduced one by one.
On-chain data
On-chain capital flow for the week of August 4th
