I’m back with more DeFi alpha :D
Euler
Fees on Euler continue to make all-time high. Annualized to $72m.
Fluid
Fees on Fluid remained stable but it is being catch up by Euler.
LetsBonk.fun
Bonk is burning 4,118 SOL per day equivalent to $617,000, annualized to $225m. This is equivalent to 11.23% of Bonk’s FDV.
Raydium
Fees on Raydium just did a 10x due to the hype in Bonk.fun. However, do note that there is no burning of RAY tokens.
Interesting chart from Blocksworks that worth the bookmark.
Quickswap
Quickswap expand to Base soon. Interestingly, their fees had popped before the expansion.
Lastly
DeFi is not dead but it is even more active than the previous DeFi summer.
Protocol to watch
Hyperion - leading DEX of Aptos and potential airdrop, fees up only.
Saros - Fees went up after they launched DLMM and AMM
Euler is good while Quickswap is a darkhorse. What do you think?
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Thanks for reading, fam!!