The amount of $HYPE staked has now hit an all time high since staking launched on @HyperliquidX, representing >43.4% of the total supply (incl. team / foundation tokens) @kinetiq_xyz has now breached >$812m in TVL with 18.3m $HYPE, representing ~1.83% of total supply, and ~5.5% of circulating supply. Just to demonstrate the penetration of liquid staking on Hyperliquid and Kinetiq's ownership of total liquid staked HYPE: Solana has ~6% of staked SOL liquid staked, with Jito impressively at ~40% of market share Ethereum has ~30% of staked ETH liquid staked, with Lido impressively at ~25% of market share Hyperliquid has ~20% of staked HYPE liquid staked, with @kinetiq_xyz at 70% (!!) of market share in the opening 2 weeks of launch. Data per @asxn_r here: See total amount of staked HYPE here: by @janklimo p.s. @janklimo awaiting Kinetiq stake metrics on HypeBurn 🫡

1/ We recently launched our stablecoin dashboard, which tracks key metrics for stablecoins, including: - Stablecoin overview metrics - US debt dynamics - Stablecoin yields - Onchain metrics - Stablecoin ecosystem map An overview of the dashboard and each component:

We are recently launched our Stablecoin dashboard, which tracks key metrics for stables, including: • Stablecoin overview metrics • US debt dynamics • Stablecoin yields • On-chain metrics • Stablecoin ecosystem mapping An overview of the dashboard & each component:

The @HyperliquidX AF bought back $3.65M USD (85.21K HYPE) on the 24th of July. Over the past 7 days, the AF has bought back $31.03M USD (689.96K HYPE) at an average price of $44.94. This represents 0.21% of the current circulating supply.

Fogo launches public testnet of high-speed Layer 1 SVM chain for onchain trading

for the most up to date, comprehensive research report on @ethena_labs , we suggest this piece from @asxn_r

Ethena's $ENA is up 47% over the last 7 days, but what is driving the rally? Aside from positive market tailwinds with crypto asset prices rising across the board, ENA's rally stands out for one key reason: Speculation on Fee-Switch Activation ENA is unique, where the fee switch parameters have already been established, but require certain thresholds to be met or exceeded for It to be formally activated, in which case sENA holders would be the fee recipients. These fees are primarily generated via 10 bip mint fees on USDe, but other protocol revenue streams exist as well. The parameters are: ✅ USDe circulating supply: $6.08bn (threshold: >$6bn) ✅ Cumulative protocol revenue: $431.31m (threshold: >$250m) ❌ CEX adoption: USDe CEX adoption: 3 (threshold: 4 of the top 5 CEX by derivatives volume) ✅ Reserve Fund ≥ 1% of USDe supply ❌ sUSDe APY spread vs benchmark: (threshold: 5.0-7.5%) While the last parameter is not yet within range, the current spreads for sUSDe vs other benchmarks are as follow: Spread vs AAVE USDC: 3.03% Spread vs T-Bill: 2.48% Spread vs sUSDS: 2.05% The avg 30d apy for sUSDe is 5.59% and the current apy is 9.74% at the time of writing. Additionally, the influx of staked sUSDe vs other key benchmarks like Maker/Sky's sUSDS signal that capital allocators expect the spread to widen in Ethena's favor, as seen in the chart below

1/ Pump Fun bought back 36.5M PUMP tokens yesterday across 3 tx's, at an average price of $0.0058 per token. Since launch, they've bought back 3.03B PUMP (currently worth approx. $13.7M) The team spent $19.5M across purchases since launch - a ~30% unrealized loss.

The @HyperliquidX AF bought back approximately $4.8M USD (102.7K HYPE) of HYPE at an average price of $46.34 yesterday. Over the past 6 days, the AF has bought back $21.6M USD (454.8K HYPE) representing approximately 0.14% of the circulating supply at an average price of 47.41.

We first wrote our Crypto x AI thesis back in March 2024. Since then we have been active contributors, investors and infrastructure providers to many Crypto AI projects. Today, we are excited to announce we are joining the @talos_is council as one of the "humans on the steering wheel" (@VitalikButerin's words) to help shape Talos capital allocation and vote on treasury proposals. Excited for the future of sovereign AI.