On-chain Weekly Digest: Left-facing Pudgy Penguin traded 200 WETH on Gondi
@pumpdotfun 10M tokens launched, Axiom's $10m fees in a week...
On-Chain Overview
BTC ETF inflows tripled the weekly average, while Solana continued to lead in chain volume dominance. Axiom’s alpha discovery tools and on-chain infra improvements signaled underlying strength; meanwhile, macro uncertainty persists with upcoming FOMC decisions.
Over the past 7 days, despite crypto market cap staying stable, total DEX volume dropped sharply by 27.39% to $55.92B, with the DEX-to-CEX ratio increasing to 16.94% from 12.62%, and Solana remaining the top chain by DEX volume.
（Data accurate as of: May 5, 2025, 7:00am, UTC）
Altcoin, Meme Coin, NFT & RWA
Altcoins Market Cap saw a mild post-rally pullback this week, with meme coin trading volume dropping 30.6% —overall sentiment remains optimistic.
（Data accurate as of: May 5, 2025, 7:00am, UTC）
Macro, Stocks & Commodities
Equity markets rallied with the Nasdaq 100 up +3.45% and S&P 500 +2.85%, while the VIX plunged nearly 12%, reflecting relatively strong risk appetite despite a slight uptick in bond yields and DXY.
（Data accurate as of: May 5, 2025, 7:00am, UTC）
Key Events of the Week
NFT | Left-facing Pudgy Penguin traded for 200 WETH on Gondi (29 Apr)
The 1/1 left-facing Pudgy Penguin for 200 WETH made the largest sale yet on Gondi.
DEX | Axiom trading platform makes $10m fees in a week (1 May)
Axiom generated $10M in revenue last week, enough for 2nd on Solana (just behind Pump Fun with $12M).
Launchpad | @pumpdotfun just hit 10M tokens launched (4 May)
Boop.fun and Believe are also live on Solana.
RWA | BlackRock Files to Tokenize $150B Treasury Trust Fund Shares on Ethereum Blockchain (30 Apr)
BlackRock Inc. has filed with the U.S. Securities and Exchange Commission to introduce a new digital share class, for its $150 billion Treasury Trust money market fund.
NFT | Claynosaurz to expand to SUI (2 May)
In preparation for its upcoming game launch, Claynosaurz will drop a new NFT collection on Sui, alongside achievement badges and more.
Looking Ahead
DID | 1.06% of circ. Supply of ENS (~$16.66m) will be unlocked (9 MAY)
Wrapping Up
From a market data perspective: BTC ETF inflows surged, Solana led DEX volume, and Axiom showed strong traction with $10M in weekly fees. While crypto market cap stayed stable, DEX volume dropped 27.39%, and meme coins saw a healthy post-rally pullback.
From a market events perspective: Equities rallied and VIX fell, signaling risk appetite. Key events included BlackRock’s $150B tokenization plan, a record Pudgy NFT sale, and Claynosaurz expanding to Sui. FOMC and ENS unlock are upcoming triggers.
