Defi Miso

Data Analyst Wizard at Dune, blockchain enthusiast, and Web3 advocate

[Defi Miso @DefiMiso]

@tokenterminal Impress

[Defi Miso @DefiMiso]

@nansen_ai Gm

[JayOw | Hanyon Analytics @jayowtrades]

The Solana LST TVL Quest

This is the story of how a self-taught data analyst (me) set out to build a “simple” TVL chart on @Dune...

and quickly found out, nothing is as simple as it looks.

In this thread, I’ll walk you through each step I took, the problems I ran into, and the realizations that reshaped how I thought about liquid staking data on Solana.

Let’s dive in 🧵

[Dune @Dune]

Task of the day 👇

Make a post in the DuneCommunity 👯

[Defi Miso @DefiMiso]

@Dune Got it

[Defi Miso @DefiMiso]

68% of cUSDO's circulating supply is on Pendle.

That's nuts.

It's also interesting because many protocols don't know where to focus liquidity efforts.

But if you focus them on Pendle liquidity, then you can also get PT leveraging via Euler/Morpho.

[Defi Miso @DefiMiso]

high-leverage public good that's missing for Ethereum, and would help sell ETH to new buyers, is a robust data pipeline to properly calculate Eth's GDP and App Capital, vs competitors. Nobody does this remotely well. I have a spec for these metrics if anybody is building this.

[Defi Miso @DefiMiso]

Stablecoin supply on @Aptos has doubled since the start of the year, surpassing $1 billion

[Tomasz K. Stańczak @tkstanczak]

One of the most beautiful dashboards in Ethereum.

(while thinking of EOF)

[tehMoonwalkeR @tehMoonwalkeR]

Some chains launch tokens and shitcoins

$AVAX launches L1s

they are not the same..

[Datarun @Abbas_ra21]

contracts deployment Activity on @avax in April is another level!

In April alone, over 7 million contracts (both verified and unverified) have been deployed on @avax.

OMG!

[Crypto Fundamentalist @cryptofundst]

We said it and we double down:

The real asymmetric bet for RWA isn’t ONDO. It’s $OM.

Why?

Because MANTRA is building a permissionless Layer 1 that enables permissioned applications, without compromising decentralization at the base layer.

That matters more than people realize.

In the coming wave of real-world asset tokenization, projects that marry compliance at the application layer, not at the chain level, will be the ones able to scale globally, across jurisdictions, without killing the spirit of crypto.

On top of that:
•OM is way earlier stage.
•The regulatory groundwork is already stronger (VARA license in Dubai).
•The asymmetric upside is higher because it’s priced for early execution, not late success.

This is how we think:

Long term fundamentals > short-term charts.

#CryptoFundamentalist #RWA #SignalOverNoise

[Token Terminal 📊 @tokenterminal]

🔺📈 Total value locked* for @eulerfinance

Euler is growing the fastest on @avax, w/ close to $200m in TVL in 3 weeks

* Excluding Ethereum

[Nikolai Milutin @NikolaiMilutin]

In 2023, after @maplefinance transitioned to overcollateralized lending in V2, TVL was practically $0.
Today, we’ve officially crossed $1.3 BILLION in TVL, CRUSHING $Ondo and becoming the #2 largest, second only to @blackrock’s BUIDL fund ($2.5B TVL).

TVL has 2x’d since the beginning of April, and we are closing in fast.

Institutions are rolling in. Maple is becoming the institutional-grade credit platform for the onchain economy.

At the same time, monthly protocol revenue just hit an all-time high, further cementing Maple’s strength and sustainability.

With the rapid growth of $SYRUP and the expansion of the @syrupfi ecosystem, Maple is not just scaling — it’s redefining the future of credit markets.

$5 $Syrup is inevitable.
This is just the beginning.

https://t.co/rbFBwRJhl1
https://t.co/rnLVZ5Psdo

#MapleSeason #DeFi #OnchainCredit #InstitutionalAdoption #SYRUP #MPL #Crypto

[LukeYoungblood.eth 🛡️ @LukeYoungblood]

Thanks to @TokenTerminal and @OurNetwork__ for sharing this data. This doesn't count our Morpho vaults which supply USDC to the @Coinbase Borrow product.

We actually reached over $1 billion total market size in late 2024 and are currently at $512m despite macro headwinds.
���📈🌛