Tazmina Rashid
Research Analyst
Last Updated:
September 7, 2026
•
5 Minutes
DeFi Analytics 21st November 2025
This week's edition of our Crypto DeFi Analytics.
Chain Fee Generation
Daily Fee Generation – Since early November, daily fee generation has remained subdued across major networks. Ethereum saw a brief spike towards $3M at the start of the month but has otherwise held in a ~$0.4–1.0M range. Solana and Tron mostly tracked below $1.0M and $1.3M respectively, while Sui’s fees stayed negligible, only briefly rising above $0.1M.
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)
Blob Gas Usage – Over the past month, blob gas usage has held at a consistently elevated level, generally moving between 650k and 800k gas per block. There is a gentle upward trend over time, with only occasional moves towards 900k or brief periods below 600k.
Hourly Average Blob Gas Usage per Ethereum Block
Hourly Average Excess Blob Gas per Ethereum Block
Beacon Chain Balance
Beacon Chain - ETH staked on the Beacon Chain has remained steady at around 36M since July 2025.
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
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DeFi Analytics 2nd October 2026
This week's edition of our Crypto DeFi Analytics.
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The SEC Proposed Letting Investment Advisers Use State Trust Companies as Crypto Custodians
The SEC has proposed a new crypto custody framework that would let investment advisers and regulated funds use state trust companies as crypto custodians and, in limited cases, self-custody digital assets. US equities posted their first green day of the week as the 10-year Treasury yield eased to around 5.23% from a 5.34% high after Fed Vice Chair Jefferson said policymakers may need more time, cutting the odds of an October hike to 26% from 71% at the start of the week. BTC rallied to almost $87K, while Evernorth shareholders approved its merger ahead of a planned Nasdaq listing on Oct. 8.
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Softer August PCE Inflation Cut the Odds of an October Fed Hike to 37% From 70% on Monday
US inflation rose less than expected in August, with the PCE Price Index up 0.3% on the month and 3.4% over the year against expectations of 0.4% and 3.7%, partly reflecting changes to the BEA's methodology. Fed funds futures now price a 37% probability of an October rate move, down from 70% on Monday, while the BEA revised Q2 GDP growth up to a 2.2% annualised rate from 1.5%, sending long-end Treasury yields higher. The S&P 500 ended 0.25% lower to close out its worst month since June 2026, while BTC briefly jumped past $85K before falling back to $83K.