DeFi projects are having a good time. Top projects by mindshare are: 1/ @ethena_labs 2/ @chainlink 3/ @pendle_fi 4/ @aave 5/ @Mantle_Official 6/ @JupiterExchange 7/ @AerodromeFi 8/ @Uniswap 9/ @ensdomains 10/ @eigenlayer

assuming anyone putting some size in crypto allocates at least 50% of their portfolio to one or several of these 4 coins, the most interesting question to answer becomes the allocation among them at a given time. my view on this has changed over the years. initially (<2022), i was on the camp of "just buy btc" because eth/sol correlations was so high anyways and eth/sol were just leveraged beta. after the merge, things changed and they each started to have their own narratives (eth l2s, bitcoin etfs, solana memecoins) so i shifted my positioning to be exposed to all of them given it's hard to time the market and these are all bluechips worth holding. but in 2025, after seeing the ethbtc swings over the last 2 years, i came to the same conclusion as buffet "diversification is a protection against ignorance." check ethbtc, soleth, hypeeth charts, they all have some very juicy swings on htfs. after a long period of underperformance, eth is now up 60% against hype in the last weeks and 2x against sol. imo for any serious narrative trader, it shouldn't be too difficult to pick 2 (or even one for the most brave) among the 4 that would be more likely to outperform at any given time. and imo, as of now, that would be clearly $eth and $hype, in that order.

the l2 landscape has changed quite a lot since 2024. zk-based l2s have not seen adoption yet. it seems distribution is all that matters and Base is the clear winner there. also, in terms of price, app specific l2s like zora, mantle and epic are clearly outperforming. optimism has been performing poorly both in terms of price and mindshare, despite its strong fundamentals and adoptions. it seems overall that tokens that operate b2b businesses don't generally perform well ($link etc.). finally, non evm l2s are still in their infancy (or irrelevant).

what happened to depin? many vcs were bullish on it. not performing great ytd. @peaq still dominating the depin mindshare.

"treasury companies" going nuts on ct. is this bullish or bearish?

mid-August we’re pushing Dexu Advanced into uncharted territory. analytics you didn’t know were possible. alpha hunters, get ready.

Boros and @pendle_fi dominating the discussions on Chinese CT.

DeSci is back

Your network is your networth. Luckily for me, my network is top top top. Powered by @_dexuai… I am going to start a daily content series utilising dexuai to help you in the market with their elite on-chain analytics platform.

doing my crypto morning routine, checking different pages on dexu, then seeing 3 unusual accounts in the top 3 of the leaderboard: 1/ @rstormsf 2/ @alex_pertsev 3/ @semenov_roman_ further check their profile on dexu and see they haven't posted recently. but then see so many mentions of them. finally check ct leaderboard of other platforms and see the same accounts as always on top. just use dexu if you want better data.