Don’t sleep on the @aave App.
Balances doubled in the last week to $9M as access gradually opens up.
Less than a month into early access, there are already 1,070 funded wallets, including 27 with $100K+ balances.
Robinhood Chain hit a new all-time high of $531M in daily perps volume yesterday.
- @Lighter_xyz: $435M volume, $350M OI
- @arcus_xyz: $96M volume, $17M OI
One interesting side effect of the rise of memecoin-equity pools: passive AMMs now dominate tokenized equity volume on Solana.
Within two weeks of the mid-June volume spike, propAMMs were handling most of the flow, peaking at 62% of weekly volume in early July.
I have long argued that propAMMs will naturally win the highly liquid pairs (SOL-USD being the clearest case) while passive AMMs stay best suited for the long tail.
Pairing memecoins with equities has somehow flipped this dynamic. Passive AMMs handled 84.5% of tokenized equity volume last week, and the top three venues over the past 7 days are all OG Solana DEXs: Raydium (55%), Meteora (19%), Orca (6%).