Ethereum
+23.1%7/188/19/110/110/15
50.3 USD bnIndex 123.1 · 2026-10-15
ON-CHAIN MACRO
On-chain macro
What is happening on-chain this week
2026.07.18 — 2026.10.15
Read 2026.10.15 21:00 UTC
Read stablecoin supply, DEX volume, chain fees, TVL and meme volume together. Inflows are not the same thing as trading, and trading is not the same thing as durable growth.
Public data, hourly update attempted; shows historical snapshot when upstream not updated. Missing observations stay blank and are not counted as zero. Supply and TVL use up to 90 daily points; DEX volume and fees are seven-day totals.
Stablecoin supply
305.5 USD bn
USD-pegged · latest valid observation
+1.4%vs. 2026-07-18 first valid observation
DEX volume
36 USD bn
7-day total · API read 2026-10-15
Chain gas fees
17.6 USD mn
7-day total · API read 2026-10-15
TVL
74.8 USD bn
Complete six-chain total · latest valid observation
+22.6%vs. 2026-07-18 first valid observation
Meme volume
2.43 USD bn
All-market 24h · includes centralized venues
Stablecoin supply trend
Daily USD-pegged stablecoin supply · Latest 305.5 USD bn (2026-10-15) · Valid observations 2026-07-18 — 2026-10-15 · Window change +1.4%. Line uses a non-zero scale; missing observations break the line.
Source: DefiLlama
Latest common-date chain distribution
Global total: 305.5 USD bn · Others is the residual to the global total
Ethereum
145 USD bn47.5%
TRON
94.6 USD bn31.0%
Others
26.4 USD bn8.6%
Solana
16 USD bn5.2%
BSC
14.4 USD bn4.7%
Base
5.18 USD bn1.7%
Arbitrum
3.98 USD bn1.3%
Shares use global supply on the displayed common date; unknown composition is not zero-filled or normalized across known chains.
Source: DefiLlama · Chain distribution snapshot 2026-10-15 · Upstream read 2026-10-15
DEX volume by chain · 7 days
Aggregated volume of tracked DEXs on each chain measures trading activity. 7-day aggregate · API read 2026-10-15; exact upstream window bounds are unavailable.
Source: DefiLlama
Single-chain gas fees · 7 days
User-paid chain transaction fees (gas), denominated in USD. Fee burning, rewards and revenue distribution differ by chain. 7-day aggregate · API read 2026-10-15; exact upstream window bounds are unavailable.
Source: DefiLlama
Total value locked by chain
USD-denominated TVL changes reflect both asset prices and deposits or withdrawals.
Common six-chain comparison · first common valid observation 2026-07-18 = 100 · shared axis, index units
Common baseline date: 2026-07-18
Base
+36.1%7/188/19/110/110/15
6.16 USD bnIndex 136.1 · 2026-10-15
Solana
+25.2%7/188/19/110/110/15
6.02 USD bnIndex 125.2 · 2026-10-15
Arbitrum
+15.1%7/188/19/110/110/15
1.41 USD bnIndex 115.1 · 2026-10-15
BSC
+9.5%7/188/19/110/110/15
5.35 USD bnIndex 109.5 · 2026-10-15
TRON
+18.2%7/188/19/110/110/15
5.59 USD bnIndex 118.2 · 2026-10-15
Source: DefiLlama · TVL reflects both asset prices and capital flows
Meme-category all-market 24h volume
All-market volume of the six largest meme-category assets by market cap, including centralized exchanges. A trading activity proxy.
Source: CoinGecko
PROPRIETARY PENETRATION
Proprietary Indicators: Real vs Insider Setups
Research specifications and candidate samples; statistical source records pending verification.
Volume Concentration
Research Snapshot · Oct 2026 Sample
Pending verification
Metric: Median top 10 eligible wallet volume share per pool
Sample: Candidate top 10 trending DEX pools by volume; distinguishes top 10 pools from top 10 wallets per pool.
Formula: Calculate top 10 eligible non-contract wallet volume share (C_vol,10) per pool, taking the sample median; per Section 05, exclude contracts and cluster co-funded wallets.
Data gap: Time window and pool/chain list pending verification
Launchpad Dynamics
Research Snapshot · Oct 2026 Sample
Pending verification
Metric: Cohort token migration rate to DEX
Sample: Cohort token deployments on bonding-curve launchpads.
Formula: Graduation rate G_rate = N_graduated / N_created × 100% to open DEX liquidity; per Section 04, complemented by 30-day survival.
Data gap: Platform coverage and cohort batch pending verification
Smart Money Allocation
Research Snapshot · Oct 2026 Sample
Pending verification
Metric: Audited sample USD balance share by chain
Sample: Candidate cohort of audited trader wallets.
Formula: Evaluates USD balances of trader sample across target chains, calculating single-chain share against aggregate multi-chain balance (Balance_chain / Total_Balance).
Data gap: Address list and snapshot date pending verification
A biweekly deep dive, with notes in between
Focusing on on-chain data and macro perspective, providing independent and objective research.