Chain Fee Generation

Daily Fee Generation – Fees have come down sharply from last week’s outsized spike in Ethereum fees, and this week saw no similar surge. Ethereum fees fell sharply from last week’s spike, pushing above $0.5M midweek before cooling back, holding in the ~$0.3–0.8M range and staying below $1.0M. Tron fees were steadier, holding around $0.9–1.1M. Solana fees declined in the second half of the week, decreasing from roughly $0.8–0.9M toward $0.6–0.7M.

Daily Fees Generated across Ethereum, Solana, Tron & Sui

‍

Stablecoin Supply

Stablecoin Supply by Token

Stablecoin Supply by Chain

Ethereum Gas Market

Hourly Average Gas Fees Burnt per Block

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

Blob Gas Usage – Over the past week, blob gas usage was mostly steady around 0.55M–0.70M. A few brief spikes lifted the usage to roughly 0.8M-0.9M, but each time it dropped back quickly. For the rest of the week, activity stayed close to its typical level, with only small increases towards 0.75M–0.8M.

Hourly Average Blob Gas Usage per Ethereum Block

Hourly Average Excess Blob Gas per Ethereum Block

‍

Beacon Chain Balance

Beacon Chain - Beacon Chain balances have continued to climb, now increasing above 37M ETH, as staking inflows keep deposits ahead of withdrawals.

Over 30% of ETH’s circulating supply is now staked, leaving close to 1/3 of the supply effectively illiquid while earning just under ~3%. In aggregate, staked ETH represents roughly a $72bn long-term positioning in Ethereum, with a further $8B reportedly sitting in the validator queue.

BlackRock’s latest 13F filing shows that it has materially increased its holdings in BitMine Immersion Technologies, lifting holdings to 9,049,912 shares.

Beacon Chain Summary

Beacon Chain Balance

Uniswap V3

Uniswap V3 Hourly Volumes  - Arbitrum

Uniswap V3 Hourly Transaction Count  - Arbitrum

Liquidations

Aggregate Liquidations across Aave & Compound