MetricsDAO

The community for onchain data analysts.

[Nexus Data Labs @NexusDataLabs]

Web3 Data Jobs

Nexus has partnered with @unchaindata_xyz to highlight opportunities across the onchain data ecosystem.

Featured this week:
> Senior Data Engineer @Blockworks
> Quantitative Researcher @Monad
> Senior Data Analyst @Bybit_Official

Full list below:

[Nexus Data Labs @NexusDataLabs]

Web3 Data Jobs

Nexus has partnered with @unchaindata_xyz to highlight opportunities across the onchain data ecosystem.

Featured this week:
> Growth Data Analyst @cryptocom
> Growth Data Analyst @krakenfx
> Research Analyst at @Tether

Full list below:

[Nexus Data Labs @NexusDataLabs]

Perpetual DEXs are past the experiment phase.

What's next, and who will survive?

In today's issue, we cover:

> @HyperliquidX's HIP-3 Deployers
> @Lighter_xyz
> @Aster_DEX
> @grvt_io

[Diego @0xTakeProfits]

1/10

Stablecoins reached $266.3B in circulating supply in Feb.

A 32 pages report by @AlliumLabs breaks down how they’re evolving from simple liquidity tools into something closer to an actual payment infrastructure

Here’s what onchain data shows, and the interesting patterns that stand out

🧵

[Nexus Data Labs @NexusDataLabs]

Real-World Assets (RWAs) continue to transform from a niche crypto experiment to a key area of focus for traditional finance.

In today's issue, we cover:

> The growing adoption of tokenized gold
> The expanding market for tokenized stocks and U.S. Treasuries
> The challenges of integrating RWAs within DeFi protocols

[Nexus Data Labs @NexusDataLabs]

Perp DEXs have evolved from a DeFi experiment into one of the most competitive frontiers in onchain trading.

In our next issue, we cover four platforms shaping the sector:

> @HyperliquidX’s HIP-3 Deployers

> @Lighter_xyz

> @Aster_DEX

> @grvt_io

Out this Friday.

[Nexus Data Labs @NexusDataLabs]

Stablecoins hold firm despite recent selloffs

Despite recent negative market sentiment,
stablecoin market cap stands strong at
$296B with solid fundamentals:

> $9.5T+ monthly transfer volume
> 52M+ monthly active addresses
> 235M+ unique holders (ATH)

h/t @minerva_crypto & @RWA_xyz

[Nexus Data Labs @NexusDataLabs]

$USDH net supply has plateaued at $83M
following spike-driven growth in late 2025
as issuance demand softens.

Without new demand catalysts, momentum is fading.

h/t @Bhami628 & @Dune

[Nexus Data Labs @NexusDataLabs]

https://t.co/lXFt8NSp7x

[Pine Analytics @PineAnalytics]

1/ @HyperliquidX is the leading perpetuals DEX in crypto.

Let’s take a look at the core activity metrics of the chain to understand how it’s being used.

[Spencer Noon 🕛 @spencernoon]

DePIN revenue has been flat in the last year, according to DePIN Pulse, but the space is generating interest, and has grown significantly on a multi-year basis.

Check out @ournetwork__’s latest issue for a deep dive:

https://t.co/YOwmXTtC24

[Pine Analytics @PineAnalytics]

1/ @FWDind launched a prop AMM called BisonFi on Solana at the start of December. It currently supports one pair, SOL–USDC.

Let’s take a look at how the market has reacted so far.

[OurNetwork 🔎 @ournetwork__]

Helium's cumulative data credits burned has now topped $9.43M.

Check out our latest issue for full coverage on @helium and $HNT from @ergon50 → https://t.co/HsmuCIzT4X

Data via: @ledger_top

[OurNetwork 🔎 @ournetwork__]

$ZEC just posted its strongest week of 2025: transfer transactions jumped 197% week-over-week to an all-time high of 565,000.

Read more on @Zcash from @surfquery → https://t.co/zXZL603c6p

Data via @ZecHub

[Pine Analytics @PineAnalytics]

https://t.co/572fgwe3Gx

[OurNetwork 🔎 @ournetwork__]

Since September, $ZEC ranks third among tokens in terms of NEAR Intent volume with $587M (13%).

Get more alpha on @Zcash from @surfquery in our latest issue ➡️ https://t.co/zXZL603c6p

Data via @Dune

[Spencer Noon 🕛 @spencernoon]

The privacy sector was pushed into the spotlight with the rise of @Zcash ($ZEC), launched in 2016, and since jumped 15x in the past 90 days to become a top 20 crypto asset.

Check out @ournetwork__ for coverage on the privacy sector as a whole⏬⏬⏬

https://t.co/jiKrijLRAU

[Pine Analytics @PineAnalytics]

https://t.co/SavtYKZz1P

[MetricsDAO @MetricsDAO]

@GJFlannery19 @theericstone /

[Pine Analytics @PineAnalytics]

1/ Over the past year, crypto Digital Asset Treasuries (DATs) have doubled their digital asset holdings and now sit on ~$100B of crypto on their balance sheets.

Let’s dive into their current state