DeFi Analytics 11th July 2025

Chain Fee Generation

Daily Fee Generation  - This week saw BTC reach a new all time high at $118K and a broader crypto rally accompany the move. The chains below saw a slight uptick in daily fee generation with Ethereum’s spiking up dramatically. We’ve seen historically Ethereum’s fee generation having the biggest discrepancy on daily basis.

Solana’s daily fee generation has been increasing slightly, failing to pass the $1.5M boundary and overall remains less impacted by broader crypto sentiment.

Daily Fees Generated across Ethereum, Solana, Tron & Sui

Ethereum Gas Market

Hourly Average Gas Fees Burnt per Block

Hourly Average Cost to Transfer ETH (21,000 Gas)

‍Hourly Average Blob Gas Usage per Ethereum Block

Hourly Average Excess Blob Gas per Ethereum Block

Beacon Chain Balance

Beacon Chain - The Beacon Chain balance saw a stagnation this week caused by a single day large withdrawal of nearly 100k ETH. This timing aligns with the beginning of the ETH rally with holders possibly looking to withdraw and make their ETH liquid, available to trade.

Beacon Chain Summary

Beacon Chain Balance

Beacon Chain Validator States

Beacon Chain Validator States - The validator set has continued to contract with the beginning of this week dominated by an increase in ongoing withdrawals (Withdrawal Possible) and voluntary exits (Exited Unslashed).

This slowed down by the end of the week yet was replaced by a  slowdown in new validator entries (Pending Queued, Pending Initialized).

‍

Uniswap V3

Uniswap V3 Hourly Volumes  - Arbitrum

Uniswap V3 Hourly Transaction Count  - Arbitrum

Liquidations

Liquidations - As BTC reached multiple new all time highs, from $112K to $118K, mass liquidations of short positions were triggered across Aave and Compound. The liquidation amount was slightly less than when BTC dropped to $100k indicating less capital put into short positions.

Aggregate Liquidations across Aave & Compound