MDN Wire

A macro, data-focused view of onchain finance.

[MDN Wire @MDNwire]

INSIGHT: @HyperliquidX generated $43.7 million in revenue over the past 30 days, more than four times every other perp DEX combined, per @tokenterminal.

The rest of the top 10, including tradeXYZ, Lighter, and GMX, earned $10.4 million together.

[MDN Wire @MDNwire]

INSIGHT: @Lighter_xyz generated roughly $9.3 million in revenue over the past 90 days, averaging about $103,000 per day.

[MDN Wire @MDNwire]

BREAKING: @monad reached $1.25 billion in network TVL, an all-time high.

The network has grown 77% this month alone, up from $708 million at the start of July.

[MDN Wire @MDNwire]

INSIGHT: Active loans on @aave V4 are approaching $100 million, up nearly 80% in the last 30 days.

[MDN Wire @MDNwire]

BREAKING: @HyperliquidX crosses $4.5 trillion in cumulative trading volume.

[MDN Wire @MDNwire]

JUST IN: ETH bridged from Ethereum into Robinhood Chain doubled in the past week, passing $170 million, per @tokenterminal.

The chain also recently took the #1 spot in daily DEX volume.

[MDN Wire @MDNwire]

INSIGHT: @monad drove 75.3% of all CCIP transfer volume in the last 24 hours.

The four month old chain is moving more value through @chainlink's cross-chain rails than every other network combined.

[MDN Wire @MDNwire]

JUST IN: @aave V3 on @monad approaching $400 million total deposits just two weeks after launch.

[MDN Wire @MDNwire]

JUST IN: J.P. Morgan has tokenized more than $900 million on Ethereum across two funds, per @tokenterminal.

Its JLTXX fund tripled in a month, and the bank has gone from under $100M onchain in May to nearly a billion today.

[MDN Wire @MDNwire]

BREAKING: @OndoFinance added 10 tokenized stocks with 24/7 trading, including SpaceX, a private company, alongside AMD, Intel, TSMC, Broadcom, and Arm.

Nine of the ten are semiconductor names, and the around-the-clock lineup now spans 16 assets.

[MDN Wire @MDNwire]

BREAKING: @chainlink CCIP is moving value at a $10.75 billion annualized pace across 25 chains.

[MDN Wire @MDNwire]

INSIGHT: Tokenized stock transfer volume surged 83% to $8.5 billion over the past 30 days, per @RWAFoundation_ data.

The activity spans seven issuers including Robinhood, Ondo, and xStocks, across nine chains.

[MDN Wire @MDNwire]

JUST IN: Tokenized ETFs crossed $500 million in combined market cap, growing more than 690% in a year.

@OndoFinance commands 66.4% of the market.

And nearly two thirds of the value sits on Ethereum.

[MDN Wire @MDNwire]

BREAKING: Robinhood Chain is now the #1 blockchain by daily spot DEX volume, 14 days after mainnet launch.

Robinhood → $1.1B
Ethereum → $1.0B
BSC → $930M
Base → $705M
Solana → $458M

[MDN Wire @MDNwire]

INSIGHT: Hyperliquid’s share of all perpetuals open interest, centralized exchanges included, hit a record 9.3%, per @DegenerateNews.

The increase this month comes as HIP-3 builders keep adding markets, with non-crypto assets now driving 45% of volume.

[MDN Wire @MDNwire]

BREAKING: DTCC processed its first production trades of tokenized US securities, powered by @chainlink.

30+ institutions are involved in this effort including BlackRock, JPMorgan, Goldman Sachs, NYSE, and Nasdaq.

[MDN Wire @MDNwire]

BREAKING: $1.9 trillion asset manager T. Rowe Price launched the first actively managed multi-token crypto ETF on NYSE Arca, per @TheBlockCo.

[MDN Wire @MDNwire]

JUST IN: @aave launches incentives campaign for its new @avax V4 deployment.

[MDN Wire @MDNwire]

NEWS: The United States Senate unanimously passed a resolution opposing any pardon or clemency for Sam Bankman-Fried.

The FTX founder is serving a 25-year sentence for fraud. The resolution is non-binding, but a unanimous Senate rarely agrees on anything.

[MDN Wire @MDNwire]

NEWS: @pendle_fi launched PT Looping in beta, letting users open leveraged yield positions in a single click at up to 7.7x.

The strategy previously required manually cycling supply, borrow, and swap steps, and now routes through money markets such as Aave.