defioasis

Whale sell-off: the end of stock meme coins?
Solana stock meme launchpad STONK plunged more than 30% overnight
STONK whale @ImBrentJames, who has 12,000 followers on fomo, sold all their STONK, losing $775,000
ImBrentJames initially spent $1,229,000 buying at an average market cap of $169 million, but ultimately sold everything at a 63% loss
On the one hand, stock meme coins have cooled off, and both STONK and PONS are struggling, with buyback amounts dropping sharply
On the other hand, new players are emerging in the Solana Launchpad sector amid fierce competition, and some traders are shifti

DeFiLlama data shows that the frequency of hacks in the crypto industry has clearly ramped up in the second half of this year
Since April, the number of reported hacks each month has been roughly double that of previous months

In a month when token issuance across newer-generation Launchpads such as Pons and StonkFun generally declined
Pump Fun instead recorded its second-highest monthly token issuance in history in October
Pump Fun has issued more than 1.3 million tokens this month, accounting for over 88% of Launchpad market share

During the week PREDICT pre-market contracts launched, Predict Fun continued to set new highs across key metrics
- A core metric for prediction market platform revenue, Predict Fun's weekly fees hit a record $2.2 million, topping $2 million for two consecutive weeks
- Predict Fun's platform features short-duration markets, led by short-term BTC price movement markets. Its BTC markets have posted over $100 million in notional trading volume for two consecutive weeks, generating more than $1 million in weekly fees
- Driven by short-term BTC price movement markets, Predict Fun's overall weekly no

How Polymarket Is Losing Market Share
Polymarket has been hit by a steady stream of negative news lately
Polymarket continues to lose market share in both prediction markets overall and short-term up-and-down trading рынках

PAPER has become a single-player coin
Papertrade’s daily notional trading volume has been halved for 4 consecutive days
Notional trading volume on the latest trading day was just $5.13 billion (at 1000x leverage)
After it became a single-player coin, wash traders and airdrop farmers relying on loss-to-mine incentives have also gradually withdrawn, with open interest falling to $170 million
Although staking rewards are still being distributed, most users who are purely losing money face a very long payback period
The mined tokens cannot be cashed out, so users can only slowly recoup their losse

Arc 网络日费用已连续多日不到 3,000 美元
该水平和 Bitlayer 及 Sui 等旗鼓相当，链费用排名在 20+ 开外

Meme trench heat index continues to decline, falling to 36 Cold
On the other hand
Meme trading terminals still capture over $1.3 million in fees daily
Meme Launchpads still launch over 60k tokens daily
cc: @tehcscreener @Adam_Tehc

Predict Fun’s single-day fees reached $313k, marking the second time after the World Cup final that its daily fees exceeded $300k, ranking fourth among BNB Chain protocols by fees
While many prediction market platforms gradually lost activity or even ceased operations after the World Cup, Predict Fun experienced significant renewed growth
The core driver behind this is short-term up-or-down markets represented by BTC 5min, which contributed over 60% of fees
In the latest full trading day, Predict Fun’s Crypto 5min market set a new record for daily trading volume and comprehensively surpassed P

Analyzing Papertrade’s data on HyperEVM is truly astonishing
- In just 4 days since launch, Papertrade’s cumulative notional trading volume has exceeded $477 billion. With 1000x leverage, a very small margin can generate massive notional exposure
- Although trading volume has continued to decline, Papertrade’s daily notional trading volume still exceeded $37 billion yesterday, higher than the combined trading volume of all Perp DEXs
- Cumulative fees have exceeded $37 million, surpassing the historical cumulative fees of many Perp DEXs in just 4 days
- Papertrade’s fees consist of three compon

Expanding Up / Down Markets into TradFi
Predict Fun’s TradFi 15min Up / Down markets set new daily highs in both the number of trading addresses and transactions, with daily trading addresses exceeding 1,000 and NVDA and SPCX being the most popular
Predict Fun currently supports 10+ major stocks, as well as commodities represented by gold and CL, using a trading model synchronized with the opening of real-world markets
As the Crypto Up / Down trading experience draws closer to Polymarket, stock TradFi has become an important focus for Predict Fun to deepen and differentiate its Up / Down marke

Over the past two days, Uniswap burned only 4,000 UNI per day on Robinhood Chain, hitting the lowest level since burns began on Robonhood Chain
Meanwhile, Uniswap has recently burned approximately 12k-14k UNI daily across multiple chains, at an all-time low for UNI burns

In just one month
The Meme trench hype index fell from 100 to below 50 after being cut in half
Data: @tehcscreener & @Adam_Tehc

Currently, no Robinhood Chain protocol/application has daily revenue exceeding $100,000
The on-chain native launcher Pons has declined sharply, with its daily revenue even surpassed by the two Perp DEX applications on the chain, Lighter and Arcus
Patiently wait for the next wave of opportunities🥺

As the Robinhood Chain Meme cools off, UNI’s daily burn volume has also gradually declined
Ethereum has once again surpassed Robinhood Chain to become the chain with the highest daily UNI burn volume
Based on the 30d rolling burn, UNI’s annualized burn volume has fallen from over $190 million to approximately $158 million

LOL, Blast is shutting down, and the remaining funds fleeing Blast happened to contribute $1.4k in daily chain revenue to Blast
This $1.4k is already Blast’s highest single-day chain revenue in more than a year
Blast’s daily chain revenue is usually only a few dozen dollars, and for a long period it even had to subsidize operations because it captured no fees
Tieshun and Blur were once so full of ambition, but now they should be laid to rest