spencernoon

Headlines from @ournetwork__’s bitcoin ecosystem issue:

📈 Both Bitcoin and @Lombard_Finance recently saw new all-time-highs, with Lombard reaching $2B in TVL.

📈 $cbBTC has expanded its footprint with 43k circulating supply in the competitive wrapped bitcoin market.

📈 @build_on_bob continues to record steady onchain activity, as bitcoin L2s & BTCfi have gained further adoption among both retail & incumbents.

📈 BTCfi is heating up on @Aptos with nearly $400M in BTC assets.

Read the full issue 👇

The amount of $LBTC on @Aave has continued to climb – Aave is now leading its peers with a 32% of the marketshare for LBTC utilized in DeFi.

@Kairos_Res’s @Ian_Unsworth did a nice overview on @Lombard_Finance in OurNetwork’s latest: https://www.ournetwork.xyz/p/on-343-bitcoin-ecosystem?utm_campaign=spencer#lombard

.@ournetwork__ just published a new issue on BTCfi covering @Lombard_Finance, $cbBTC, @build_on_bob & BTC on @Aptos.

Give it a read 🔽 https://www.ournetwork.xyz/p/on-343-bitcoin-ecosystem?utm_campaign=spencer

Restaking headlines from @ournetwork__:

📈 @ether_fi has proved itself as DeFi’s leading liquid restaking platform with 154K $ETH supply growth over the past month & >2.5M $ETH TVL

📈 @swellnetworkio has successfully cultivated a strong core of high-value users, which has positively reflected on its growth over time

📈 @jito_sol restaking is a staking protocol for Node Consensus Networks; TipRouter is an NCN that generates real fees for stakers & operators

Read the full issue 👇

Having gone from sub $20M in TVL to over $20B, restaking has had a real glow up.

Get coverage on major players in restaking like @ether_fi, @swellnetworkio & @jito_sol in @ournetwork__’s latest issue…

Link to read 🔽 https://www.ournetwork.xyz/p/on-342-restaking?utm_campaign=spencer

The lending platform @Aave is the top leading protocol where users park their $stETH, followed by @Eigenlayer and @Sparkdotfi.

Coverage on @LidoFinance from @ofernau ➡️ https://www.ournetwork.xyz/p/on-341-liquid-staking?utm_campaign=spencer#lido

Data via: @Dune

Coverage on LSTs just launched from @ournetwork__ – we’ve got @jito_sol, @Rocket_Pool, @LidoFinance, @MarinadeFinance covered...

Link here 🔽 https://www.ournetwork.xyz/p/on-341-liquid-staking?utm_campaign=spencer

Been quite a run — after starting 2023 with just a 10% market share, @jito_sol's jitoSOL is nearing 70% market share of @Solana's $SOL LSTs, according to a @Dune query.

@ournetwork__ is digging a level deeper in tomorrow's liquid staking issue...

Early @uniswap v4 volume is concentrated on @BNBCHAIN, @Unichain, and @Ethereum, with v4’s BNB Chain instance posting a record $4.2B in volume during the week of May 19, 2025.

Surprising to see BNB Chain lead the way there…

Read more ⬇️ https://www.ournetwork.xyz/p/on-340-dexs?utm_campaign=spencer

DEX headlines from @ournetwork__:

📈 DEX trading activity is still trailing January highs as increased asset prices send volumes up in May.

📈 @PancakeSwap leads @BNBCHAIN in revenue despite low $CAKE minting & reduced chain activity.

📈 @Uniswap is at the forefront of DEX ecosystems with their multi-billion-dollar TVL, diversified fee capture across L2s & developer-focused v4 launch.

📈 After Q1 2025, @RaydiumProtocol notched the fourth straight quarter as the leader in @solana daily DEX volume.

📈 @pumpdotfun has found product-market-fit & inspired a new wave of token launchers, with >3.3M $SOL generated to date.

Read the issue 👇

DEX headlines from @ournetwork__:

📈 DEX trading activity is still trailing January highs as increased asset prices send volumes up in May.

📈 @PancakeSwap leads @BNBCHAIN in revenue despite low $CAKE minting & reduced chain activity.

📈 @Uniswap is at the forefront of DEX ecosystems with their multi-billion-dollar TVL, diversified fee capture across L2s & developer-focused v4 launch.

📈 After Q1 2025, @RaydiumProtocol notched the fourth straight quarter as the leader in @solana daily DEX volume.

📈 @pumpdotfun has found product-market-fit & inspired a new wave of token launchers, with >3.3M $SOL generated to date.

Read the issue 👇

Solana holds the top spot in DEX trading volume –

@Solana, @BNBCHAIN & @Ethereum combined command ~85% market share.

@Base & @Arbitrum have ~7-8% market share each.

@ournetwork__ just released a great issue overviewing the DEX ecosystem… check it out ⤵️

This week, @ournetwork__ did a deep-dive into DEXs.

Get a full sector update plus coverage on @PancakeSwap, @Uniswap, @RaydiumProtocol and @pumpdotfun.

Link to read 🔽https://www.ournetwork.xyz/p/on-340-dexs?utm_campaign=spencer

Top 5 DEXs' weekly volume change over 90 days: ~250%

Change in crypto's overall market cap over 90 days: ~7%

DEX volumes are far outpacing crypto's price increases.

@ournetwork__ has more coming in tomorrow's DEX issue.

Data via @tokenterminal and chart from @Bhami628.

Interesting newsletter from @ournetwork__ today… @SkaleNetwork shares their approach in the battle against MEV with their new solution, BITE.

Check out the issue to learn why it was created it how it works ⬇️ https://www.ournetwork.xyz/p/on-339-bite-protocol?utm_campaign=spencer

Stablecoin headlines:

📈 Stablecoins' market cap surged past $232B, gaining 15% YTD in 2025.

📈 Since peaking in January, @Solana stablecoin supply has dipped as peer-to-peer volume keeps up, showing faster coin velocity & a healthy DeFi ecosystem.

📈 Strong payment infrastructures are contributing to stablecoins' increased utility.

📈 @Circle supply is up 80% YoY.

📈 @ResolvLabs's success serves as evidence for the viability of a fully onchain, delta-neutral stablecoin architecture.

Read the full issue 👇