Tazmina Rashid
Research Analyst
Last Updated:
June 13, 2025
•
5 Minutes
DeFi Analytics 13th June 2025
This week's edition of our Crypto DeFi Analytics. The Beacon Chain balance has surged and liquidations stayed minimal, indicating more cautious investor behaviour.
Chain Fee Generation
Daily Fees Generated across Ethereum & Solana
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 increased dramatically since the start of June with over 0.4M ETH deposited. The balance increase comes alongside increased ETH optimism and after the Pectra upgrade which allows for more flexible staking amounts through variable validator balances.
Beacon Chain Summary
Beacon Chain Balance
Beacon Chain - After reaching a minimum number of validator exits around June 8th, after a long slew of elevated numbers, the trend has started to reverse with a slight increase at the end of the this week (Exited Unslashed). Conversely, the number of validators entering the activation process has grown steadily (Pending Initialized), pointing to an increase interest in staking.
This aligns with the Beacon chain balance growing strongly over this past month and once again points to these validator exits being a result of the Pectra upgrade which allows consolidation of stake rather than investors actively pulling their stake and ceasing validator activity.
Beacon Chain Validator States
Uniswap V3
Uniswap V3 Hourly Volumes - Arbitrum
Uniswap V3 Hourly Transaction Count - Arbitrum
Liquidations
Aggregate Liquidations across Aave & Compound - BTC Spot surpassed $110k after a hard fall down and a strong rally which happened over the space of 2 weeks. Despite this volatility, liquidations remained minimal showing that investors overall are treading more carefully with a wider spread in liquidation levels as geopolitical movements lead the market narrative.
Free
PREMIUM
Institutional
Solana Staking ETF Due To Take Off
The REX-Osprey SOL + Staking ETF launches Wednesday, marking the first US ETF to hold Solana (SOL) directly and offer staking rewards on at least 50% of its holdings. SOL’s price surged from $150 to $158 on the news but settled just below $150. Meanwhile, BTC trades near $107K and ETH under $2,500, with ETH volatility dropping faster than BTC’s. Wall Street’s S&P 500 rallies 25% since April, while the US dollar plunges 11% YTD. Notably, American Bitcoin raised $220M in equity, with $10M paid in Bitcoin at a $104K valuation per BTC.
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Institutional
Liberation Day Who?
S&P 500 closed at a new all-time high of 6,173, up 0.5%, recovering from a 20% drop earlier this year. US Q1 GDP was revised down to -0.5%, consumer spending fell 0.3% in May, and jobless claims rose to their highest since 2021. Bitcoin price stabilized near $108K with $2.2B ETF inflows last week, while Metaplanet added 1,005 BTC, bringing its total to 13,350 BTC. The BNB Chain’s Maxwell upgrade halved block times from 1.5s to 0.75s.
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Institutional
DeFi Analytics 27th June 2025
This week's edition of our Crypto DeFi Analytics. BTC’s dramatic fall to under $100K triggered mass liquidations across Aave and Compound and the Beacon Chain balance continues to surge.