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.

Crypto investment products saw net inflows of $2.18 billion last week, pushing the year-to-date total to $29.2 billion, per CoinShares.

Head of research James Butterfill noted the inflows were sparked by "election euphoria" over a potential Republican victory.

TON has gained popularity due to its impressive price growth, outpacing Bitcoin by 125% year-to-date, alongside the launch of numerous meme coins and gaming projects.

However, recent data shows that TON’s top transactions are in USDT, indicating substantial utility beyond speculative projects.

Liquidity for the top 5 LRTs has dropped by about 60% in dollar terms since June, though Kelp DAO’s rsETH saw a notable 55% ETH-based increase.

Currently, paired liquidity for these assets totals around $143 million on DEXs.

In October, Moonwell saw strong growth, generating $800K in fees across Base and Optimism.

In just the past week, it led Base with $185K in fees, topping all lending apps on the network.

What time is it now? The perfect time to read a new research report! ✨

General
➖ 4pillars: Wallet For Modern Crypto Apps
➖ CoinShares: Digital Asset Fund Manager Survey – October 2024
➖ Coinbase: Weekly: US Elections + Fed
➖ Galaxy: Ethereum All Core Developers Consensus Call #145 Writeup
➖ Galaxy: Weekly Top Stories – 11/1
➖ Galaxy: Backing OpenOrigins to Restore Trust in Digital Content
➖ Memento Research: Navigating The AI Landscape: Chromia’s Data-Centric Strategy

Market
➖ Binance: Understanding the Rise of Memecoins
➖ Galaxy: Bitcoin’s Surge and Election Jitters

DeFi
➖ Crypto.com: Crypto Derivatives Trading – Technical Analysis in Perpetuals and CFDs

Blockchains & networks
➖ Crypto.com: Solana Staking
➖ Cointelegraph: Polkadot's Revolutionary Journey: 2024 Report

GameFi & NFTs
➖ CoinGecko: CryptoPunks & BAYC Still Lead With Over 40% NFT Dominance
➖ Footprint: October 2024 Web3 Game Report: Record Users Meet Traditional Players

Animoca led venture activity in October with 9 deals, followed by CMS and Hack VC.

While historically focused on gaming, Animoca broadened its investments this month to include DeFi, AI, and DePIN.

In 2024, Ethereum generated $2.06 billion in revenue but paid out $2.65 billion in new ETH to stakers, averaging $1.28 spent per $1 earned.

Solana's expense per dollar of revenue was even higher, at $7.62, with the majority of fees generated this year.

Sharing my Web3 research framework:

USP data → Metrics → Tokenomics → Runway → Clout rate → Future catalysts

All factors to pay attention to & template ↓

If you’re closely exploring the BitcoinFi landscape, here’s an amazing thread from Emperor Osmo on BOB, explaining its unique product offering.

A very good read, imo.

Sad to see good threads getting less engagement than clickbait content.