On-chain Weekly Digest: Ethereum Staking Hits Record 35 Million ETH
DeFi lending hits record $55 billion TVL, Telegram stickers emerge as the next crypto trend on TON...
On-Chain Overview
Crypto markets showed mixed signals as BTC and ETH ETFs saw strong inflows and Solana activity declined. The rise of crypto-linked equities reflected deeper interaction between traditional markets and crypto markets.
Despite a flat crypto market cap, DEX activity picked up with a 1.88% volume rise, BSC leading with $44.23B and Hyperliquid revenue jumping 21.35%.
（Data accurate as of: June 23, 2025, 5:00 am, UTC）
Altcoin, Meme Coin & NFT
Altcoin market cap dropped 6.95%, dragged down by a 15.44% slump in memecoins; meanwhile, NFT market cap fell 9.08% but weekly NFT trading volume rose 4.28%.
（Data accurate as of: June 23, 2025, 5:00 am, UTC）
Macro, Stocks & Commodities
Gold and equities saw mild declines, the dollar index (DXY) rose 0.82%, while volatility dropped and Brent crude surged 4.56%, reflecting shifting macro sentiment.
（Data accurate as of: June 23, 2025, 5:00 am, UTC）
Key Events of the Week
Defi | 1inch Hits $54B Monthly Volume as BNB Chain Overtakes Ethereum (22 June)
1inch processed $54B in volume and 30M swaps from 1.1M users over the past 30 days, with BNB Chain volume surging 456% MoM.
Launchpad | Pump.Fun token delayed until next month (20 June)
Originally set for June 25, the $4B-valued Pump.fun token auction has been postponed to mid-July, with sources noting multiple prior delays and ongoing allocation sales to crypto funds.
ETH ｜ Ethereum Staking Hits Record 35 Million ETH, Locking 28% of Supply (18 June）
The amount of ether locked in Ethereum’s proof-of-stake network has surpassed 35 million tokens, an all-time high that represents about 28 % of the cryptocurrency’s circulating supply.
Defi | DeFi lending hits record $55 billion TVL as Aave, Maple, and Morpho lead the charge (19 June)
Aave v3 surges 55% in two months, while Maple Finance gains momentum with real-world credit pools.
NFT ｜Telegram Stickers Emerge as the Next Crypto Trend on TON （23 June）
Sticker_bot launches a community-driven sticker platform on Telegram with support from top NFT brands like Pudgy Penguins and Azuki, aiming to replicate memecoin and NFT success on TON.
Looking Ahead
BTC | A bill is introduced in Indiana to allow state pensions to invest in Bitcoin (1 July)
Payment | @Ledger’s @CL_Technology Visa card for Bitcoin will be available on 30 June (30 June)
The card earns 1% BTC cashback on all purchases, supports wire transfer top-ups, and deposits the salary straight into Bitcoin.
NFT | @Doodles is launching DreamNet on @Solana this summer (26 June)
DreamNet is a protocol for community-driven story worlds powered by AI agents.
Wrapping Up
From a market data perspective: BTC and ETH ETFs saw strong inflows while altcoins and NFTs declined, with DEX activity and Hyperliquid revenue showing modest growth.
From a market events perspective: Key developments included all-time highs in Ethereum staking and DeFi lending activity, alongside upcoming launches such as DreamNet on Solana and Bitcoin-related pension allocation initiatives.
