Encrypted transaction applications saw a significant increase last week. The total value of transactions on-chain reached $6.35 billion, the highest since January 2025, during the period related to Trump. Trading robots Fomo and gmgn contributed the majority of these transactions, accounting for about 70% of the total.
Transaction volumes are concentrated in a few applications.
Fomo traded $2.38 billion last week, while gmgn trading robots executed transactions worth $2.07 billion. Pump.fun applications had transactions amounting to $489.5 million, and basedbot achieved $450.5 million in transactions. Several new meme coins and infrastructure tokens have strengthened, which has also contributed to this round of activity.
DEX remains below the high point at the beginning of the year
DefiLlama Statistics show that on that day, the trading volume of the 787 protocols covered amounted to 9.18 billion US dollars, and the 30-day trading volume was 217.33 billion US dollars, representing a week-on-week increase of 1.81%. However, the article mentions that at the beginning of 2025, the daily trading volume once exceeded 45 billion US dollars, and the current level is only about 20% of that peak.
The correlation between Bitcoin and gold is increasing.
In terms of the macro market, BTC fell by 1% around the weekend, closing at $78,400; ETH dropped by 1% to $2,470, and SOL fell by 2% to $103. The correlation between Bitcoin and gold over a 90-day period rose to 0.56, the highest since statistics began in 2017; however, the correlation with the Nasdaq 100 index fell to near a one-year low.
- Bitcoin ETF saw a net inflow of $175 million on Friday
- Ethereum ETF saw a net inflow of $26 million on Friday
- Solana Increases the maximum transaction size to 4096 bytes
Additional information:The article also mentioned that some meme coins and Robinhood Chain ecosystem tokens experienced significant fluctuations over the weekend, while Hyperliquid and Pump.fun also made it to the top of the protocol revenue rankings.
