UPDATE: Now tracking @HyperionDeFi (HYPD) on our Treasury Companies Dashboard. This includes: - HYPE holdings and NAV - Trading volume/market cap - mNAV

UPDATE: Now tracking Bitcoin Standard Treasury Company (CEPO) on our Treasury Companies Dashboard. This includes: - BTC holdings and NAV - Share of BTC supply held - Trading volume/market cap - mNAV Note this is a pending merger, so valuation metrics are subject to change.

UPDATE: Now tracking @SemlerSci (SMLR) on our Treasury Companies Dashboard. This includes: - BTC holdings and NAV - Share of BTC supply held - Trading volume/market cap - mNAV

1/ July was a strong month for @solana, with onchain activity showing resilience across various fronts: - Real Economic Value: $87M, +38% MoM - App Revenue: $161M, +50% MoM - DEX Volumes: $115B, +42% MoM - Stablecoin Supply: $11.46B, +6.6% MoM Let's dive into the data 👇

UPDATE: Now tracking Sequans Communications (SQNS) on our Treasury Companies Dashboard. This includes: - BTC holdings and NAV - Share of BTC supply held - Trading volume/market cap - mNAV

UPDATE: Now tracking Twenty One Capital (CEP) on our Treasury Companies Dashboard. This includes: - BTC holdings and NAV - Share of BTC supply held - Trading volume/market cap - mNAV Note this is a pending merger, so valuation metrics are subject to change.

UPDATE: Now tracking @TheEtherMachine (DYNX) on our Treasury Companies Dashboard. This includes: - ETH holdings and NAV - Share of ETH supply held - Trading volume/market cap - mNAV Note this is a pending merger, so valuation metrics are subject to change.

UPDATE: Now tracking @solstrategies_ under its OTC listed ticker (CYFRF) on our Treasury Companies Dashboard. This includes: - SOL holdings and NAV - Share of SOL supply held - Trading volume Once listed on Nasdaq, we will add market cap and track the company's mNAV.

1/ Introducing our new public Launchpad sector dashboard. Built by @0xSharples, we cover every major launchpad on Solana, Base, BNB, and Avalanche. Currently free to view, here are some of the charts.

What makes Ethena's $3.1B growth in under 20 days even more impressive is it unfolded against a backdrop of modest ETH funding rates. Following a fee switch aligning revenue to ENA, and markets turning frothy, ENA becomes an extremely reflexive asset.