Over the past year, development activity has surged across the top 10 crypto ecosystems.

Leading the growth are Optimism at +45.6%, followed by Avalanche (+20.3%) and Arbitrum (+16.6%), while all others also posted gains, reflecting the sector's strong development momentum.

All you need to know about low float & high FDV.

The state of token unlocks for L1 and L2 chains, % of supply in circulation ↓

• Ethereum: 100%
• NEAR Protocol: 93%
• Cardano: 85%
• ImmutabIe: 82%
• Solana: 80%
• Metis: 75%
• Avalanche: 65%
• Oasis: 61%
• Celo: 55%
• Mantle: 51%
• Aptos: 46%
• Manta Network: 37%
• Arbitrum: 35%
• Ronin: 35%
• Optimism: 31%
• Sui: 28%
• Altlayer: 23%
• Zeta: 22%
• Worldcoin: 21%
• Blast: 18%
• Dymension: 18%
• ZKsync: 18%
• Starknet: 12%
• Saga: 10%

Whales now hold a record 670,000 BTC, signaling a positive long-term outlook.

Historically, when whale holdings are high, Bitcoin's price tends to stabilize or dip slightly; the real price surge typically follows as whales begin reducing their positions.

By leveraging DePIN, GEODNET has managed to reduce GPS location correction costs by more than 90%, establishing the world's largest RTK network with over 10,000 nodes in just three years.

With an annualized ARR of $1.2 million, it aims to penetrate a $4.6 billion market by 2030, as detailed in Messari's analysis and valuation.

With an MVRV of around 1.2, Ethereum’s market value is currently just above its realized value, and if it dips below 1, it could signal an accumulation phase.

MVRV readings above 2, however, suggest an overheated market, indicating a potential peak in ETH's price rally.

TON is quickly closing the gap with Ethereum, expected to surpass ETH holders by December 20.

With ETH at 137 million holders and TON at 112 million, it's gaining half a million new users daily. However, a slower growth estimate could push this milestone to February 2025, with ETH's own modest growth potentially impacting the timing.

The Nakamoto Upgrade is finally here.

Here’s everything you need to know about the impact of Nakamoto on the performance and efficiency of Stacks.

The evolution of the LRT market is clear: capital is moving from "point farms" to lending protocols.

Of $2.71 billion in LRTs now on lending markets, $2.61 billion sits on Aave alone.

With over $13 billion in total value locked (TVL), Aave dominates, holding over 55% of the top 5 lending protocols' TVL.

JustLend trails behind with $4.6 billion.

Bitcoin’s 3% gain may be modest, but the sector saw $901 million in net inflows last week alone from top asset managers.

October marked $3.36 billion in inflows, bringing year-to-date totals to a record-breaking $27 billion — solidifying crypto as an asset class as Wall Street moves further in with spot ETFs.

Time to get some market insights 🔍

General
➖ Galaxy: Ethereum All Core Developers Execution Call #199 Writeup
➖ Galaxy: Weekly Top Stories - 10/25

Market
➖ CoinGecko: Only Three PoS Blockchains Offer Yields Above 10%
➖ CoinGecko: Inflation Rate Reports (CPI) Don't Significantly Affect BTC Price
➖ Coinbase: Weekly: Ways and Means
➖ Binance: Spot ETFs in Crypto Markets

Blockchains & networks
➖ 4pillars: Interoperability Research for Optimism Superchain
➖ Galaxy: Protocol Overview: Solana 2024

Tokens & currencies
➖ CoinShares: ETH’s Value Crisis Amid Scaling and Institutional Interest

GameFi & NFTs
➖ CoinMarketCap: The Evolution of Blockchain Gaming: A Deep Dive into Seraph

Despite the meme coin buzz, this segment represents less than 3% of the crypto market cap.

Institutions control around 80% of capital, likely benefiting stores of value like BTC and capital assets.

6 unspoken guidelines for succeeding in Web3 ↓

I've turned 30 this week and recently realized I've spent 27% of my life in Web3.

Today, I want to share the key lessons from my journey that I wish I'd learned sooner.

Substack link.

Phase 1 Jito (re)staking caps now fully met across all three VRTs.

Renzo and Kyros reached their caps in less than six hours.