Analyzing DeFi And Onchain Data
Joined May 2024
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Mar 12
DeFi On Mantle Is Blowing Up
On Feb 11, at Consensus Hong Kong, Mantle's Head of Product walked on stage and announced Aave V3 was live on Mantle.
Three weeks later Mantle crossed new high of $1 billion in TVL .
Here's the story of how it happened. You will be shocked at what the data is saying π§΅
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Jun 8
A lot of reasons why I'm still here.
What's your reason ,
Jun 5
@haydenzadams launched uniswap during a bear
@StaniKulechov launched ethlend (aave) during a bear
@chameleon_jeff launched hyperliquid during a bear
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May 19
Fluid π
May 19
I was looking through @tokenterminal and noticed something interesting about how DEXs rank when you compare total volume vs avg volume per user β
@CurveFinance: $100.5K in vol per user vs. $9.7B 30d volume
@0xfluid: $44.2K in vol per user vs. $7.8B 30d volume
@PharaohExchange: $39.2K in vol per user vs. $900.9M 30d volume
@CoWSwap: $36.6K in vol per user vs. $3.67B 30d volume
@tokenlon: $28.2K in vol per user vs. $304M 30d volume
@KyberNetwork: $19.8K in vol per user vs. $8.69B 30d volume
@AerodromeFi: $17.1K in vol per user vs. $12.5B 30d volume
@LFJ_gg: $16.4K in vol per user vs. $1.4B 30d volume
@orca_so: $13.5K in vol per user vs. $5.7B 30d volume
@Uniswap: $6.3K in vol per user vs. $44.3B 30d volume
NGL, the gap is pretty insane, but I think thatβs the point.
Because the 30d volume shows how much was traded overall while the avg volume per user shows if that volume came from big traders or lots of smaller users.
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Benedict retweeted
May 19
Out of $29.51B in RWA TVL only $2.8B is actually used in DeFi.
RWA has been the sector with the highest growth in crypto with its TVL reaching over $29.51B from $1.96B in just 2 years but there is a mismatch between total TVL and active Defi TVL.
Only ~$2.81B is actually deployed inside DeFi protocols.
The mismatch means:
> Investor intent & product design, much of the growth comes from institutions seeking efficient on-chain settlement, custody, and yield without wanting full DeFi exposure.
> Liquidity & duration risks, many tokens have redemption windows, NAV calculations, or thin secondary markets. This creates duration/illiquidity risk for DeFi use
> Regulatory & compliance, whitelisting, KYC, sanctions screening, and securities laws fragment everything. Cross-border lending remains capped.
What do you think is stopping this TVL from entering DeFi?
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Benedict retweeted
May 11
Ronin's migration to Ethereum begins at Block #55577490.
That's in less than 24 hours!
It's also when the ~10 hours of downtime will start.
See the countdown to Block #55577490 here π
β³ : app.roninchain.com/block/555β¦
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May 1
This is good for risk analysis on most defi protocols following the series of hacks and debts we have seen.
Also, Admin key compromise is one of the most consistent attack vectors in DeFi.
Most protocols find out they've been hacked *after* the fact. The exploit already happened. Funds already moved.
This means that suspicious activities like admin key compromise have been relegated to hacker wallets before the date of hack.
What's missing is a lightweight bot that does one thing well:
The moment an admin key gets linked to a new wallet through a transaction, a delegation, a signature, the protocol gets notified instantly. A ping. Before anything moves.
That's the window where you can pause, revoke, or at least warn the community.
Someone should build this for the long tail of DeFi protocols that can't afford the expensive stack. Cheap, focused, open.
The tooling exists, but the distribution is lacking.
May 1
A new DeFi risk website appears: defipunkd.com/
Currently @CurveFinance has the top scoreπ
Anyone can copy prompts and submit risk reports for any protocol, very cool
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Apr 27
In just a month since launch, @edeldotfinance has already captured a significant percentage of the tokenized assets market share.
With more awareness and mindshare coming in soon, the gap between stocks and DeFi will continue to close.
link to dashboard below π
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Apr 19
Oops! I can't believe it's already a year.
I'm happy with the man I'm becoming, many more years to me.
Cake day Benedict
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Apr 16
Still on free plan, though,
Didn't even get a taste of Opus 4.5
Opus 4.7 is live.
Going to try it out with my agents this week and see what actually changes.
The benchmark numbers look good.
Curious to see how this one holds up.
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Apr 16
Here is my honest take on Hyperbeat and whether you should try it out or not
x.com/i/status/2044719778804β¦
Apr 13
This should be go-to-platform for P2P transactions if you are in Nigeria.
Will be dropping my personal review on this.
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Apr 16
Basically, it's a must-read for everyone who wants to try this out,
@netrovertHQ
@oxtochi
@basit_
@SamuelXeus
@Onoja_Cee
@Zukhruf014
@_0x_Ace
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Apr 15
There is a protocol that almost no one is paying attention to right now.
-> βThe first HIP-3 market to launch macro/bias assets (BTC.D, TOTAL2, OTHERS) on Hyperliquid
-> βCompletely self-funded, ensuring organic growth.
-> $500k $HYPE staked,
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Apr 13
This should be go-to-platform for P2P transactions if you are in Nigeria.
Will be dropping my personal review on this.
Apr 13
Introducing the first $NGN (Nigerian Naira) offramp on
@HyperliquidX
Receive $NGN in your Nigerian bank account or any other $NGN account within 5 minutes π³π¬
Liquid banking.
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Apr 13
Another HIP-3 market with a unique primitive.
Dropping an insight on HIP-4 soon
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Apr 9
the stats are there, to verify.
2nd ranking oracle by TVS
@ChronicleLabs might just bring back OG airdrop days
Apr 8
Why @ChronicleLabs is still the most straightforward airdrop farming right now:
> 2nd largest oracle by TVS. ~12% of total oracle market.
> Fixed conversion: 10 CLE points = 1 CLE token.
> Comparable FDV benchmarks: $Pyth ~$500M, $RED ~$200M. If $CLE reaches that tier, token value lands ~$0.02β$0.05.
**When last post was written, oracles had a higher FDV
$1,000 in $USDS generates ~1,000 CLE tokens/month(dynamic)
At $200M FDV gives ~$20/month or 2% per month
At $500M FDV, ~$50/month or 5% per month
Do your math and if it works out, could be the easiest and most predictable farm you could farm.
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Benedict retweeted
Apr 1
Incentive-pushed metrics rarely hold post-TGE.
I'm hoping Edgex finds a solid floor.
That said, they've come a long way:
->Cumulative TVL: $231.5M
->Cumulative Fees: $298.63M (~$800k/day)
->OI: $1.029B
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