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.

After previously showing a "dead cross" post-ATH, the indicator now signals a golden cross as the 30DMA meets the 365DMA.

Transaction counts are nearly double compared to the 2021 cycle, a positive sign for market activity. However, if the 30DMA does not strongly surpass the 365DMA, there's a chance the trend may resemble the mid-2021 phase.

Aave’s new Merit program, launched on October 24, boosted $cbBTC deposits by 2.7k BTC (~$200M) in a week, enabling a strategy to lend cbBTC -> borrow USDC -> lend USDC.

Recursively deposited USDC debt rose by 2%, making cbBTC the fourth-largest asset backing USDC borrowing. However, if a major USDC supplier exits, users may face temporary challenges unwinding these positions to repay loans.

TRON's share in alt-chain transactions has risen to 43%, signaling a resurgence in its popularity.

In October, TRON processed 230 million transactions, with a peak on October 24 reaching 10.46 million, 25% above the 30-day average. After a temporary dip in dominance, TRON is back as the leading alt-chain.

Your perception of the market often differs significantly from reality.

$TON has more holders than $POL.
$CELO has more holders than $DOT.
$WLD has more holders than $CAKE.
$DEGEN has more holders than $LINK.
$BAT has more holders than $UNI.

Wow.

Despite the buzz around Ethereum, many assumptions are not always well-founded.

A closer look at the data reveals that Solana generated just 41% of Ethereum’s + L2 total network fees over the past 90 days, highlighting its solid growth.

Mining difficulty and hashrate have hit record levels, pushing miners to invest in even more computational power and driving up costs.

With Bitcoin’s value rising, competition has grown fierce, adding pressure on miners, who may soon rely heavily on transaction fees to sustain operations.

Polymarket's visibility has hit an ATH this week, driven by the anticipation around the upcoming November 5th elections.

The platform could experience its largest surge starting tomorrow 👀

The Graph continues to drive web3 dApps with its vital data infrastructure, recording a significant rise in decentralized network usage.

In Q3, query volume reached 5.3 billion, a 79% jump from the previous quarter, as adoption accelerates across the ecosystem.

This metaphor perfectly illustrates how misleading FOMO can be.

Here's a chart from Flipside, showing addresses holding election-related memecoins.

At first glance, everything seems logical until you closely examine the numbers.

Despite all the buzz, the cumulative holder count is just 12K (and realistically, it's lower since most memecoin traders hold several memecoins). The number of traders? 17.5K—an all-time high on November 4th.

You might think memecoins are huge.
But in reality, Polymarket alone has 48.5K daily users.