Sean Kennedy

Blockchain Data | Growth @AlliumLabs | Onchain Finance & Macro Insights

[Sean Kennedy @Sean_Kennedy_]

Excited to continue working with the world-class team! @AlliumLabs 🧅

[Allium @AlliumLabs]

We have raised a $40M Series B from @AmplifyPartners, with continued backing from @kleinerperkins and @TheoryVC!

[Allium @AlliumLabs]

We built a dashboard with the @StellarOrg team to track stablecoin flows, payment volume, and RWA activity on the Stellar network in real time.

$3B+ in tokenized RWAs. 13 stablecoins across 10+ currencies. 3M+ active payment addresses in the past year.

Live at: https://t.co/vLPNBnnC0s

[Sean Kennedy @Sean_Kennedy_]

@zinnresearch @AlliumLabs Thank you! 🙌

[Sean Kennedy @Sean_Kennedy_]

Excited to continue working with the world-class team! @AlliumLabs 🧅

[Allium @AlliumLabs]

We have raised a $40M Series B from @AmplifyPartners, with continued backing from @kleinerperkins and @TheoryVC!

[ethn @ethanyish]

I’m excited to announce our $40M Series B, led by @AmplifyPartners with @kleinerperkins, and @Theoryvc.

After knowing each other for 10 years and meeting in our freshman year in college, Cheng Han and I came together in 2021 to solve the massive problem with blockchains - the data was fragmented across hundreds of chains and unusable at scale.

Today, we manage 30+ petabytes of blockchain data that serves as the onchain system of record for institutions like Visa, BCG, and major banks and asset managers.

A lot has changed since our Series A two years ago:
→ Revenue grew 10x
→ 150+ enterprise customers
→ Visa and BCG built their stablecoin dashboards on Allium
→ Data cited by research institutions from the Fed to Stanford

Since we founded Allium 5 years ago, blockchain went from retail speculation to institutional infrastructure for 24/7 settlement, programmable payments, and tokenized assets that trade like equities. Allium went from 3 people in a room to the data layer leading institutions trust to operate onchain.

Thank you to our customers, investors, and especially the Allium team for helping us reach this milestone. It's been an incredible journey so far, and we're excited to continue building the system of record for onchain finance.

A special thank you to @dbeyer123 from Amplify who’s joining our board, @ttunguz @SpencerFarrar @LM_Braswell and everyone who believed in us from the beginning.

And thank you to @bdanweiss and @FortuneMagazine for covering the news! Read more about our announcement:

[Allium @AlliumLabs]

We have raised a $40M Series B from @AmplifyPartners, with continued backing from @kleinerperkins and @TheoryVC!

[Solana Foundation @SolanaFndn]

Introducing https://t.co/xGHPtnsSq6

For the first time, every major Solana metric sits under one open schema.

Nine providers at launch, one view, with every methodology published in full.

https://t.co/xGHPtnsSq6 brings the whole ecosystem's data into focus 👇

[Allium @AlliumLabs]

Which pre-IPO names have the most perp open interest?

SpaceX leads pre-IPO perp OI at $30.9M via https://t.co/El9bZ4Xjqj, more than 5x the next name.

[Allium @AlliumLabs]

Cross-chain interoperability moves billions of dollars across crypto every month.

Yet understanding where that value flows and which protocols facilitate it remains difficult.

Today we're launching the Interoperability Dashboard with @LayerZero_Core.

Track:
> Cross-chain volume
> Messages sent
> User activity
> Market share
> Chain-to-chain flows

Across the leading interoperability protocols.

[jack @forgash_]

Sorry to hear about those affected, Dune was a great platform in its heyday. To those impacted, @AlliumLabs is hiring!

We have a killer team who has done the hard work of building the end-to-end stack for crypto data: ingestion, QA, storage, cleaning, normalizing and querying. But, it doesn’t end there. In fact that’s just the beginning.

DMs open if you are interested.

https://t.co/pTGFguTxO7

[Elton @eltoniselton]

Built an ethereum:native valuation model using Allium MCP: 12-month target $2,600 (+13% upside)

The central question is whether the post-Dencun fee regime is the new steady state or a temporary trough.

Bears point to a 95% revenue compression that has not reversed across 14 months, blob supply expanding faster than blob demand, and SOL absorbing the L1-vs-L1 capital rotation while ETH/BTC has held below 0.05 for 14 consecutive months.

Bulls counter that the structural offsets are real: GENIUS Act-driven stablecoin growth funnels regulated dollar issuance onto Ethereum first, treasury company holdings remove ≈6.2M ETH from float, and ETH/BTC at 0.029 sits below the cycle median range of 0.040-0.050 where it has historically mean-reverted.

The base case assumes neither side dominates: fees stabilize near the $300M run rate, hosted stablecoin float compounds modestly, and ETH/BTC reverts halfway toward 0.040.

stay tuned for the full report, lmk if you want a copy

[leech @lchylch]

https://t.co/4rk10iT1Ea

[ethn @ethanyish]

this is scary, this took our research team @eltoniselton less than an hour to put together

he asked the Allium mcp: give a market overview of crypto right now using onchain data

I think this is an inflection point for onchain research analysts

the only limitation is your ability to verify methodology (honestly still hard) and that your AI doesn't hallucinate

should we make more of these?

[Elton @eltoniselton]

updated hyperliquid:native valuation using onchain data via mcp

[Elton @eltoniselton]

you can do incredible things when onchain data is directly accessible through your AI interface / terminal

you can build a full onchain data pipeline that feeds directly into an equity research AI skill to value a token like hyperliquid:native using valuation frameworks, including DCFs, comparables, and trading multiples

from there, you can layer in public markets data, macro context, and the latest news and events to continuously refine the analysis

then, with the right AI research workflows, you can turn all of that structured and unstructured data into a valuation model and report

here’s a quick tear sheet of the key findings that values hyperliquid:native at $53

lmk if you want the full report👇

[ethn @ethanyish]

1/ Hyperliquid launched its first HIP-4 prediction market today: a daily BTC up-or-down binary.

Open interest has already reached $876K within 11 hours.

(btw, you can see our live HIP-4 dashboard here: https://t.co/3TKOaDqgsD)

🧵👇

[Allium @AlliumLabs]

Who is winning the stablecoin war?

Queried 30 days of transfer volume across all chains:

→ USDC: $8.5T: dominates Base, Solana, Ethereum, Optimism
→ USDT: $1.65T: but owns Tron almost entirely ($682B vs $5M USDC)
→ 5.2x overall ratio, but the chain-by-chain split tells a different story

One prompt. Agent writes the SQL, calls Allium's API, returns the chart

[Sean Kennedy @Sean_Kennedy_]

Tron tron:native outgrew every major chain in stablecoin supply since Dec 29, up 7.2%. Base +5.7%. Ethereum ethereum:native flat at +0.6%. Solana solana:So11111111111111111111111111111111111111112 down 5%.

Data: @AlliumLabs 🧅

[Sean Kennedy @Sean_Kennedy_]

Solana solana:So11111111111111111111111111111111111111112 has led Ethereum ethereum:native in weekly DEX volume for 7 straight weeks since mid-March.

Solana share hit 69.9% peak.

Combined volume reached $40.56B the week of Apr 20: $23.81B Solana vs $16.75B Ethereum.

Data: @AlliumLabs 🧅

[Elton @eltoniselton]

Non USD stablecoins market is growing

[Allium @AlliumLabs]

Which chain is winning the DEX volume race?

Solana's share of DEX spot volume grew from 41% in January to 62% by March 2026.
BSC peaked above 50% share in mid-2025 and has declined steadily since.
Ethereum's share has compressed as activity migrated to faster, cheaper chains.

Solana now accounts for nearly two-thirds of all on-chain spot trading.