DeFi, Altcoins & Macro. Class of '20 🎓 Daily charts here. Deep dives on piped.video/@CryptoYieldPro ▶️ PRO Squad, Bonuses & Tools (NFA) 👇
- Tweets 2,810
- Following 616
- Followers 1,200
- Likes 5,753
Near Protocol earned $5.2M in revenue over the past 12 months and paid $43.7M in new tokens to validators.
Revenue covers about 12% of what $NEAR spends on security.
The fee switch and buybacks are live. At this size, they can't move price yet. 🧵 1/2
1
172
85% last week. +22% so far this week, candle still open.
$NEAR Protocol pushed through the 0.618 Fib I flagged as resistance in the video, and weekly Heikin Ashi RSI is at its hottest since spring 2024.
Still waiting for the pullback. Here's why 🧵👇 1/2
1
1
347
$BTC Bitcoin HEDGE SHORT - TP1 & TP2 ✅
💎 PRO CAPITAL Exclusive
piped.video/channel/UCLOR_Dd…
1
1
348
ethereum:0x514910771af9ca656af840dff83e8264ecf986ca heading towards TP2 🤝
$LINK is up 55% off the July low and just cleared the top of my accumulation zone.
Chainlink still collected $58M in fees last 365 days while every major bank signed up.
Breakdown, recorded before this move:
1
1
206
ethereum:native ETFs had about $140M of outflows last week.
Ethereum still printed a weekly higher high. Bitcoin hasn't yet.
So who's been buying?
Binance's monthly average of ETH withdrawal transactions just passed 90,000. Highest since 2023, and double where it started the year.
Withdrawals are coins leaving the exchange for private wallets. People don't pull coins off an exchange to sell them next week.
ethereum:native went from about $1,510 three months ago to over $2,800 today and cleared April's high. That breaks the downtrend on the weekly.
Institutions were net sellers into that move. Regular holders took the other side and took custody.
Counter-case: withdrawal counts can get inflated by a few large wallets or exchange reshuffling, and ETF flows can flip back fast. I want to see this hold through the first real pullback.
Right now the strongest bid in ethereum:native belongs to people taking the coins home.
3
204
$TAO Bittensor, weekly. The second downtrend line off the October top broke, and this week price pushed through the 55 EMA that capped every rally this year.
Staking pays ~5%. It prints ~12% yearly.
Here's why 🧵👇 1/2
1
1
351
$BTC $61k ✅ | $ETH $1.6k ✅ | solana:So11111111111111111111111111111111111111112 $64 ✅
Join us here: piped.video/channel/UCLOR_Dd…
1
236
Polygon has more monthly active addresses than Base right now.
4.47M vs 4.12M.
Nearly 3x Arbitrum at 1.59M.
Last 12 months:
Base: -78%
Arbitrum: -57%
Optimism: -67%
Polygon: -34%
Of the big scaling networks, Polygon bled the least. And it's up 14% in the last month.
Now connect that to the burn news.
Every transaction on Polygon pays a base fee in ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6. Those fees pile up in a collector contract, which now holds 121M POL.
100M of it is about to be burned for good. After that, anyone can trigger a burn every quarter.
So every future burn gets sized by this chart. More active wallets, more fees, bigger burns.
Reality check: circulating supply still grew ~52M over the last 90 days, with ~2% yearly emissions running. The first burn erases roughly six months of that growth in one transaction.
From there, net deflation only happens if activity outruns emissions. That's the number I'm tracking.
Counter-case: Base earns ~2.5x Polygon's revenue with fewer users. Polygon activity is cheap, and cheap activity means smaller burns per wallet.
Holding ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6 since the $MATIC days. Adding through LP fees.
Would you rather own the chain with more users or the one with more revenue?
Data: @growthepie_eth, @tokenterminal
1
6
25
668
Sonic's monthly active addresses went from ~80K to under 17K in a year. That's 4 out of 5 users gone.
Same year, monthly paying users just turned up again. $S is the rare case where the chain is emptying and monetizing at the same time.
Full breakdown below:
5
2,387
$BTC is 36% below its all-time high.
Stablecoin supply is only 4% below its own.
In the 2022 bear, stablecoins shrank 34% as dollars got redeemed and left crypto.
This time ~$305B stayed on-chain, parked one click away from risk.
Nobody is pricing what happens when it moves.
1
1
169
Uniswap collected $130M in fees over the last 30 days.
The 30 days before that, it did $47M.
Strip out the two stablecoin issuers and Tron, and no app in crypto charged its users more this month. Hyperliquid did $101M. Morpho $88M. Pumpfun $42M.
Here's the part I didn't expect.
Almost half of what the Uniswap protocol actually kept came from one chain: Robinhood's $HOOD. $5.6M of $11.4M.
A retail broker's own chain is now Uniswap's biggest revenue source. Robinhood sits #9 on this same chart. Uniswap is the rails underneath it.
The easy read is that $UNI looks cheap next to $HYPE. ~30% more fees on about a quarter of the market cap. $4.8B vs $18.9B.
One level deeper: most Uniswap fees go to LPs, the people who deposit the tokens being swapped. The protocol keeps ~9 cents of every dollar. Hyperliquid keeps ~83.
Counter-thesis: on revenue alone, $UNI trades at ~35x sales (market cap divided by yearly revenue). $HYPE sits at ~19x. On today's cash flow, UNI is the pricier one.
Why I'm still bullish: that 9 cents is a dial governance can turn. V4, Uniswap's newest version, still sends $0 to the protocol. And Robinhood is feeding it retail flow Uniswap never paid to acquire.
Fees nearly tripled in a month. Protocol revenue grew 2.6x. Take your own conclusions. 🤝
240
One line has capped every altcoin rally against Bitcoin since 2024. A second one sits right above it.
Small caps are pressing into the first one again this week.
OTHERS/BTC (everything outside the top 10, priced in $BTC) already broke its 4-year downtrend and held the retest. Two gates left: the weekly 100 EMA, then the 200 SMA.
The last time this ratio reclaimed both after a long bleed was 2020.
What followed was 2021.
After 3 years of pain, almost nobody is positioned for a repeat.
185
ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 Uniswap - TP3 @ $8 ✅
Everyone's quoting the Standard Chartered $100 call on Uniswap $UNI.
Almost nobody's looking at why the protocol keeps $0 from its biggest products.
That gap is the whole trade. Full breakdown:
359
$134,690 to move one petabyte between clouds. $90,000 egress, $44,690 idle compute, 13.2 days in transit.
Filecoin charges zero egress at any volume, and $FIL still trades under every long-term moving average on the weekly.
Full breakdown below. Enjoy ☕:
1
7
1,488
Uniswap now holds 43% of all tokenized stock liquidity in DeFi.
$107M out of $248M. That's more than Kamino, Fluid and both PancakeSwap pools combined.
Ignore the +10,244,687% on the chart. You get numbers like that when you start from almost zero. What matters is how steep the curve got in 2026.
Until mid-2025 this chart was a flat line. Tokenized stocks existed, but almost nobody was using them onchain.
Now people are putting Tesla, Nvidia and S&P exposure into liquidity pools, lending markets and yield vaults. TVL is simply the money actually parked there.
Look at the green layer at the far right. That's Uniswap V4. A few months ago it barely showed up. Today it's the single biggest venue at $65M. Add V3 and Uniswap sits at $107M.
Why this matters for $UNI:
Every tokenized stock needs somewhere to trade around the clock. The stock market closes at 4pm. Uniswap pools run all weekend.
When a new asset class lands onchain, liquidity picks a home early and usually stays. Traders go where the depth is, and the depth pulls in more traders.
Tokenized stocks are choosing Uniswap.
And $UNI has been climbing while this chart went vertical. I don't think that's a coincidence.
Counter-thesis: $248M is still small. A few big LPs leaving could dent this fast, and $UNI holders only win as much as fees actually reach the token.
But if this curve keeps going, I want exposure to the venue holding 43% of it.
I'm bullish $UNI.
1
190
Robinhood now pays Ethereum more rent than Base, World Chain, Taiko, Arbitrum and OP Mainnet combined.
$839 yesterday. Base paid $338.
Quick context. "Rent" is what an L2 pays Ethereum to post its transaction data and proofs back to mainnet. It's the cleanest way to see who's actually using $ETH as a settlement layer.
Robinhood Chain barely existed on this chart before July. Now it's the top line most days, with spikes near $2K in August. Up 1,319% in 30 days.
The easy read is TradFi showing up for Ethereum. Fair.
Now add up the top 12 L2s. About $2K a day, roughly $740K a year. Robinhood alone is 41% of that.
Base, the biggest consumer chain in crypto, is paying 94% less than a year ago. Arbitrum, 90% less. Blobs made posting data cheap on purpose, and it worked. Activity grows, the rent check shrinks.
So why does Robinhood matter? Distribution. A brokerage with millions of retail accounts picked Ethereum to settle on. If even a slice of that flow moves onchain, this line keeps climbing and pulls the rest of the chart with it.
Counter-thesis: at $839 a day, Robinhood is worth about $306K a year to Ethereum. Rounding error. The adoption is real. The revenue hasn't shown up yet.
What I'm watching is simple. Does Robinhood stay above Base once the novelty wears off.
$HOOD $ARB $OP
1
3
486
183,000 $FIL a day of scheduled vesting goes to zero on Oct 15.
6 years of Protocol Labs and Foundation unlocks, done.
Filecoin $FIL sits in a falling wedge that's held since 2024, and Heikin Ashi RSI just crossed neutral for the 1st time since Nov 2024.
Here's what I make of it. 🧵👇 1/2
2
1
15
3,323
342 days since $BTC last all time high.
Gap between a cycle top and the next high:
2014 to 2017: 1,180 days
2017 to 2020: 1,094 days
2021 to 2024: 849 days
Now: 342 and counting
Shorter every single cycle.
Until this one, a new high always showed up shortly after a halving. That pattern is drifting, and the next halving isn't until April 2028. So the calendar says wait years.
The trend in the data says something else. If the compression holds, this wait ends closer to a year than to three.
One chart won't time a bottom. But everyone anchoring to 4 year cycles is using a rule the last 3 cycles have been steadily breaking.
1
1
207
2 votes decide this week, and the market has already priced both to go badly.
Tuesday: the Clarity Act needs 60 votes in the Senate. Schumer called a caucus meeting Sunday night. 3 buckets of issues are still open and about a dozen Democrats have been negotiating for months.
Wednesday: the Fed. Hike odds jumped from 70% to 87% after Friday's CPI.
So the base case in the price is a rate hike and a dead crypto bill, in the same 5 days.
For that to be right, both have to land. For the setup to change, only one has to miss.
Meanwhile 50,000 $BTC of long open interest closed out on this move and the long/short ratio is still 1.32. Leverage came off and longs stayed. A de-risked market absorbs bad news better than a levered one.
The part I don't like: ETFs have sold 4 sessions straight. That's the real risk into Wednesday, more than either vote.
185
Polkadot earned $8,500 in 6 months and paid out $21.1M in incentives.
In June they cut emissions ~70%. Half the validator set walked.
The $DOT chart just broke out anyway. Full analysis, enjoy:
3
6
98
9,144
Everybody posts Bitcoin dominance. Almost nobody looks at Ethereum's.
Gold was what you bought to protect wealth, until tech grew past it. Gold sits there. A business earns.
$BTC is the gold. $ETH is the business. Stablecoins settle on it, treasuries get tokenized on it, DeFi runs on it, and it takes a fee every time.
$ETH.D just hit the line that has capped it since June 2024. Target is 34%.
Am I crazy?! No, Ethereum already held roughly 30% back in 2018, on nothing but speculation. It has real revenue now.
3
1
4
357
$DOT broke the descending channel 3 weeks ago, retested $0.85, bounced. Now sitting exactly on the weekly 21 EMA at $1.04.
$1.38 is the level that settles it.
Polkadot breakdown here. 🧵👇 1/2
5
9
87
6,499
Last ethereum:0xc944e90c64b2c07662a292be6244bdf05cda44a7 defense at $0.016, otherwise wedge support is the main magnet once again and the bleed continues.
53
Ask yourself what a rate hike actually fixes here.
This inflation is energy. Gasoline carried a third of the August print, WTI is back above $100, and rates only work on inflation driven by borrowing and spending.
The supply shock ends when the Iran conflict ends. Oil base effects fade by February on their own.
Trump made rate cuts the pre-condition for Warsh's chair.
Markets are 79% sure his first move is a hike. Too high. $BTC $ETH
2
251
The Graph fixed its balance sheet last December. Zero emissions, profitable every week since.
$GRT made new all-time lows anyway. Full breakdown of what the market is actually pricing:
1
2
13
5,155
Whatever you think about the price, look at where the credit actually lives.
85% of all active on-chain loans sit on Ethereum and its layers. Almost 18 billion on mainnet. 2.6 billion on Base. 700 million on Arbitrum.
Solana has 2.8 billion in total.
Price can do whatever it wants for a year. Debt does not move chains because of a narrative cycle. It moves when the infrastructure underneath it changes, and that takes a long time.
This industry runs its credit on Ethereum $ETH.
108
Tokenized stocks just hit an all-time high at 3.2 billion in market cap. Up 1200% in a year.
BNB chain leads with almost a billion. Ethereum second. Solana third, very close behind.
This is the fastest growing real category in crypto right now and almost nobody in retail is positioned for it.
Tokenized equities bring liquidity to the chain that hosts them, and that liquidity spreads into the ecosystem around it.
1
126
$GRT weekly. The Graph broke out of a falling wedge from late 2024, but it's a soft break. Price is still under the 21 EMA.
And the protocol has been profitable since January.
Here's why that matters. 🧵👇 1/2
3
1
5
1,837