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Last Updated:  
January 9, 2026
5 Minutes

DeFi Analytics 9th January 2026

This week's edition of our Crypto DeFi Analytics.

Chain Fee Generation

Daily Fee Generation – Since the start of January, fees rebounded across chains after the late-December lull: Tron’s fees moved back above ~$1.1M before cooling toward ~$1.0M, Solana’s fees surged to around ~$1.0M then eased into the mid-~$0.8M range, and Ethereum’s fees climbed to roughly ~$0.6M before settling nearer ~$0.4M.

Daily Fees Generated across Ethereum, Solana, Tron & Sui

Stablecoin Supply

Stablecoin Supply by Token

Ethereum Gas Market

Hourly Average Gas Fees Burnt per Block

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

Blob Gas Usage – After a Dec surge to ~0.9M, usage slipped into ~0.5–0.6M over the holidays, with only brief spikes toward ~0.8M. Since Jan 3, usage has rebounded to around ~0.7M, with the move coinciding with BPO2 going live and lifting blob capacity (target 14, max 21).

Hourly Average Blob Gas Usage per Ethereum Block

Hourly Average Excess Blob Gas per Ethereum Block

Beacon Chain Balance

Beacon Chain - Over the past week, the balance drifted marginally lower from around ~36.05M ETH to roughly ~36.0M ETH. Despite Grayscale’s ETH staking rollout this week, there’s no clear change in the balance.

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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Chain Fee Generation

Daily Fee Generation – Since the start of January, fees rebounded across chains after the late-December lull: Tron’s fees moved back above ~$1.1M before cooling toward ~$1.0M, Solana’s fees surged to around ~$1.0M then eased into the mid-~$0.8M range, and Ethereum’s fees climbed to roughly ~$0.6M before settling nearer ~$0.4M.

Daily Fees Generated across Ethereum, Solana, Tron & Sui

Stablecoin Supply

Stablecoin Supply by Token

Ethereum Gas Market

Hourly Average Gas Fees Burnt per Block

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

Chain Fee Generation

Daily Fee Generation – Since the start of January, fees rebounded across chains after the late-December lull: Tron’s fees moved back above ~$1.1M before cooling toward ~$1.0M, Solana’s fees surged to around ~$1.0M then eased into the mid-~$0.8M range, and Ethereum’s fees climbed to roughly ~$0.6M before settling nearer ~$0.4M.

Daily Fees Generated across Ethereum, Solana, Tron & Sui

Stablecoin Supply

Stablecoin Supply by Token

Ethereum Gas Market

Hourly Average Gas Fees Burnt per Block

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