Stacy in Dataland (´⊙~⊙`)
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Stacy Muur’s alpha channel.
𝕏: https://x.com/stacy_muur
Blog: https://stacymuur.substack.com
Chat: @muur_talks
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New Chapter for Stacy in Dataland 🔖

I've decided to expand my Substack with more research series. Some of the upcoming research will be exclusive to paid subscribers.

You can now subscribe for $6.99 per month (I've tried to keep it affordable) if you'd like to support my work.

However, most of the educational content will remain public.

In short, this new subscription format is a way to say thanks and deliver more of Stacy's research directly to your inbox.

Subscribe here: https://stacymuur.substack.com/
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Solana DEX trading volume hit a new low, reaching just $2.6 billion last week – the weakest performance since mid-December.
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The week’s top fundraising rounds:

• HashKey Group ($30M) for digital asset services.
• Plasma ($20.5M) focused on stablecoin infrastructure.
• Legend ($15M) for DeFi advancements.
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Following the recent gas limit increase, Ethereum transactions stayed below 1 GWEI for most of the week – some of the lowest fees seen in years.
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No comments needed, imo
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Doodles NFT saw explosive growth on OpenSea.

Its 7-day trading volume exceeding 11,528 ETH – a jump of over 1,360%.
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Ethereum added $1.1B in stablecoins over the last 7 days, whereas Solana lost $772M in the same period.
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As the market goes wild for meme coins, keep a level head.

None of the politically or government-branded meme coins have lasted more than a few days.
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The supply of USDG on Ethereum, issued by Global Dollar Network, is on track to hit the $100M mark.
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Spot Bitcoin ETFs recorded their worst capital outflow in five months, losing $651.83M, while Ethereum ETFs shed $26.26M between February 10-14.
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Top RWA projects with the highest developer activity in the past month.
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Fyi, there are now:

50,845 DAOs,
$24.3B in total treasuries,
and 11.8M governance token holders.

What insights do they hide?
And how can we leverage this data for investment decisions?

This is the focus of my latest Substack research.
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Reports from Robinhood and Coinbase for Q4 2024 reveal a significant surge in retail interest in altcoins.
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Since Monad's testnet went live, the network has seen impressive activity, with nearly 110.3k contracts deployed.

On average, 5,000-6,000 new contracts go live every hour, while 500 remain actively running at any given time.
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I often speak about Chain Abstraction from the infra perspective, but what about real adoption?

Here’s my primer on the current state of Chain Abstracted apps.

Enjoy reading!
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Over the past year, Solana and Base have driven nearly all new stablecoin volume, generating $1.8T and $1.5T per month, respectively.
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While TON’s TVL is declining, staking participation is hitting new highs.

This suggests that network participants are increasingly favoring stable rewards over riskier actions.
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Capital inflows are weakening, and derivatives activity is slowing down, posing risks for BTC.

The key level to watch is the short-term holder’s cost basis at $92,500, where many investors may start seeing unrealized losses. If panic escalates, this could drive prices lower, but with consolidation nearing its final stages, the market seems poised for a decisive move.
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The total TVL of the Aptos DeFi ecosystem stands at $1.31 billion, reflecting a 15.5% decline over the past 30 days.

Leading projects include Aries Markets ($306M), Echo Protocol ($244M), and Amnis Finance ($193M).
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Since 2021, the supply of USDT on Tron has surged nearly tenfold.

Its expanding role in DeFi highlights the rapid evolution and growing adoption of the ecosystem, signaling a promising future.
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