On-Chain Moves, Trends in DeFi, and Top Wallet Activities

In the ever-evolving landscape of cryptocurrency, recent developments are reshaping the narratives of decentralized finance (DeFi) and Layer 2 solutions. Examining key protocols with rising Total Value Locked (TVL) provides insights into the dynamic nature of the crypto market.

@stusdt protocol has attracted attention despite controversy. Allowing users to stake $USDT on Tron and potentially earn yields from T-Bills, it has amassed an impressive $1.78 billion in TVL. Speculations about fund redirection into JustLend add complexity to its engaging story. For those interested in a closer look, the associated [QCP Capital link](https://app.loch.one/home/0xb224228b0fe71cebf95ee25339166cd626759b52?redirect=home) can offer valuable insights into wallet activities.

Meanwhile, @OndoFinance stands out as a T-Bill tokenization protocol on Ethereum, claiming the title of the largest Ethereum-based T-Bill issuer. With a consistently upward trajectory, its TVL has reached $200 million, solidifying its position in the DeFi landscape.

Solana's @orca_so, an original decentralized exchange, gains prominence amid the resurgence of DeFi activities on the Solana blockchain. Fueled by Liquid Staking protocols like Marinade and Jito, its TVL stands at $43 million, hinting at potential growth with the introduction of native tokens.

In the realm of Liquid Staking for $FIL, @glifio emerges as a front-runner following Filecoin's decision. Experiencing swift growth, it currently holds a promising $35 million in TVL. A detailed exploration of its activities can be undertaken through the provided [Loch Chain link](https://app.loch.one/home/6516978265b40c46449d6ca3?redirect=home).

Acknowledgments are due to @DefiLlama for providing insightful data and to numerous individuals, including @0xRemiss, @0xMughal, @arndxt_xo, @rektdiomedes, @Dynamo_Patrick, @crypto_linn, @CryptoShiro_, @TheDeFISaint, @TheDeFinvestor, @0xJok9r, @CryptoGideon_, @iambullsworth, @joel_john95, @hrojantorse, @Deebs_DeFi, @hmalviya9, and @AirdropAlertAAD. Their expertise and understanding have been instrumental in navigating the complexities of the DeFi landscape.

Shifting focus to Layer 2 solutions in 2023, prominent platforms like Base, ZkSync, and StarkNet are making significant contributions. Base leads in TVL with $338 million, driven by platforms like AerodromeFi and FriendTech. ZkSync follows closely with $117 million, mainly through the SyncSwap DEX. StarkNet holds $41 million in TVL, predominantly in the JediSwap DEX.

In terms of Daily Active Users (DAUs), ZkSync takes the lead with 246,000 users, while StarkNet follows with 163,000 users. Base, with 69,000 users, credits its organic growth to FriendTech. The potential impact of a rumored airdrop by Jesse Pollak on Base's user base adds a layer of speculation.

Daily Transactions showcase ZkSync leading with 1 million, followed by Base at 633,000 and StarkNet at 596,000. In DEX Volumes, ZkSync maintains its lead with $95 million, while Base records $17 million, and StarkNet stands at $14 million.

Key takeaways emphasize the popularity of ZkSync for airdrop farming and the organic user base of Base, attributed to innovative dapps. Success in the Layer 2 arena involves not only airdrop incentives but also pioneering unique dapps, as exemplified by Arbitrum combining GMX with the $ARB airdrop.

Insights into Layer 2 solutions of 2023 are enriched by contributions from crypto aficionados such as Mughal, arndxt_xo, Tindorr, and others. For those delving into wallet activities and transaction patterns, Loch Chain provides a comprehensive platform. Explore further details at [https://app.loch.one/home/6516978265b40c46449d6ca3?redirect=home](https://app.loch.one/home/6516978265b40c46449d6ca3?redirect=home).

In the dynamic realm of decentralized finance (DeFi), Aave's WETH (Wrapped Ethereum) smart contract has recently become a focal point, showcasing remarkable on-chain activity. Over the past 24 hours alone, the smart contract has facilitated a staggering transaction volume exceeding $1 billion, highlighting its substantial role in the crypto landscape.

A comprehensive analysis of the contract's historical performance reveals noteworthy findings. Over a span of three years, the contract has generated a profit exceeding $500 million, with inflows totaling $73.44 billion and outflows reaching $73.98 billion. The current holdings of the contract stand at $367 million in WETH, acquired at a cost of $350 million. What sets this smart contract apart is its impressive trading volume on the Ethereum platform, surpassing $147 billion while incurring a mere $250,000 in gas fees. This underscores its efficiency and optimization within the Ethereum network.

Among its counterparties, Alameda Research emerges as a significant player. Those interested in exploring the specifics of the contract or monitoring its ongoing activity can access the wallet through the provided link: [Loch Chain link](https://app.loch.one/home/0x030bA81f1c18d280636F32af80b9AAd02Cf0854e?redirect=home).

Shifting focus, Amber Group, recognized as "@ambergroup_io," has positioned itself as a major independent holder of the cryptocurrency $GMX. Notably, a wallet associated with Amber Group, identified by the digits "0x39," has been actively channeling funds into two distinct wallets, accumulating nearly 210k $GMX, equivalent to approximately $7.5 million.

This acquisition by Amber Group raises questions about the rationale behind such a substantial investment in $GMX. Three plausible reasons emerge upon closer examination. Firstly, anticipating a fresh wave of market volatility, heightened Perp Dex usage could drive increased transaction volumes and subsequently elevate fee collection for $GMX.

Secondly, "@GMX_IO," the official entity behind $GMX, has recently received approval for their $ARB grant. This grant, consisting of 12 million ARB, is designated to enhance the TVL on the upcoming GMX v2 platform. Lastly, from an economic standpoint, despite $GMX's price remaining relatively stable, its robust liquidity position, proven Product-Market Fit (PMF), and strong community support make it an attractive investment, particularly in anticipation of market volatility.

For those seeking further details or verification, references to the associated wallet addresses are provided in subsequent communications: 

- [Wallet Address 1](https://app.loch.one/home/0xacc6ab2c0699ea05bcb780dea74d5e17b289f854?redirect=decentralized-finance)

- [Wallet Address 2](https://app.loch.one/home/0x8569a0f17ef60eb91f75d867aecc6a3ae02c4999?redirect=decentralized-finance).

In the dynamic landscape of cryptocurrency, October brings forth intriguing trends and narratives. Notably, Liquid Staking Derivatives (LSD) and Restaking take center stage. Platforms like @redactedcartel with its pxETH launch and @foldfinance's migration of crETH2, coupled with the upcoming MEV protocol launch, shape the evolving narrative. DINERO stablecoin's unveiling adds anticipation to the mix.

Real World Assets (RWAs) gain prominence, with @MakerDAO doubling their DAI debt ceiling, signaling potential revenue growth. @fraxfinance's v3 launch mirrors the concept of bringing T-bill yield on-chain, akin to Maker. Simultaneously, @CantoPublic innovatively brings T-Bills on-chain using NOTE.

Arbitrum's Short Term Incentive Program (STIP) sees notable activities, including @RDNTCapital's Ethereum mainnet launch and @pendle_fi consistently reaching new TVL highs. The voting progress for a substantial 3 million @arbitrum allocation at @CamelotDEX is gaining momentum.

Perpetual Decentralized Exchanges (Perp Dexes) significantly influence the market. Platforms like @GMX_IO could secure a substantial 14 million $ARB grant. @dYdX's v4 launch as a Cosmos app-chain and the expected surge in staker fees by 60-80% on @GainsNetwork_io mark key developments.

Liquid Staking Derivatives Finance (LSDFi) is a focal point, with @PrismaFi's incentivized launch of mkUSD and @ethena_labs' delta-neutral stablecoin launch $USDe. @raft_fi's recently introduced tokenomics contributes to this narrative.

Solana's ecosystem expands, with @jito_sol witnessing a swift rise in TVL and @MarinadeFinance remaining a substantial LSD provider.

Cosmos network sees @stride_zone as the leading LSD protocol for $ATOM and @NomicsFinance's effort to bring native BTC to Cosmos.

GambleFi, represented by platforms like @rollbitcom, introduces innovations like trackable BuyBack and Burn mechanisms on-chain, while @shufflecom revamps its platform with a sleek user interface.

In the miscellaneous category, tokens like @worldcoin rally from $1 lows, potentially facing a squeeze due to heavy shorting. @chainlink progresses with its CCIP and smart contract developments, and @telegram's TON discreetly rallies, reaching the top 10 coins post its wallet launch. Special thanks to individuals like @0xRemiss, @0xMughal, and @arndxt_xo for their invaluable insights that aided in navigating the intricate crypto market landscape.

In the rapidly evolving digital economy, tracking on-chain actors is vital for staying ahead in the cryptocurrency realm. Three Ethereum wallets stand out for the same:

gmicap.eth has generated profits exceeding $32 million, showcasing a savvy investor's strategic moves. Notable dealings include entities like OKX, StargateFinance, Binance, wrapped ether, and synapse. Despite spending $320k on gas for a $300 million transaction volume, Ethereum gas fees account for only 0.1%.

Boasting realized profits surpassing $11 million, jezebel.eth executed 2,120 transactions over two years, averaging 1.5 trades daily. Transactional partners include Lido Finance, Across Protocol, GMX_IO, and Rollbitcom. Ethereum gas fees amount to $25k for an $89 million transaction volume, at 0.02%.

In the past month, 0x9f has garnered realized profits exceeding $780k. Notably, by staking Ethereum on platforms like Lido or Rocketpool, the holder stands to earn about $2k annually. Primary transactional partners include Binance, OKX, and Uniswap.

For those intrigued, consider adding these addresses to your Loch watchlist for continuous insights. Special acknowledgment to individuals like 0xRemiss, 0xMughal, and others for contributing to this compilation.

In the bustling realm of cryptocurrencies, the on-chain activities of prominent figures can be a source of fascination and speculation. Today, we shine a light on Justin Sun, the well-known figure in the crypto community, recognized as @justinsuntron across various platforms. His on-chain trading day has garnered attention, marked by 19 transactions, hinting at potential strategies in play.

Taking a closer look at the details, some key on-chain activities unfolded. A substantial $521k in AUSDT flowed into Sun's wallet (0x611) from @AaveAave. Intriguingly, this amount was subsequently directed to a null address, suggesting a potential burn. The same $521k AUSDT then found its way to another wallet (0xa2), its owner unidentified. Ethereum transactions also took the spotlight as Sun acquired $470k in $ETH from @Uniswap.

Another noteworthy movement involved a significant transfer of $10.8 million in $BTT to Sun's account from @Uniswap, later forwarded to @BitTorrent. Concluding the Ethereum transactions, the $470k in $ETH was dispatched to the previously mentioned unidentified wallet (0xa2).

Despite the intricate nature of these transactions, Sun's net realized profit for the day stands at an estimated $60k. However, in the broader context, this amount appears relatively modest for Sun, whose cumulative on-chain profit surpasses a staggering $1 billion. This recent burst of trading activity provides a glimpse into the dynamic landscape of on-chain transactions, showcasing the evolving strategies employed by crypto magnates like Justin Sun.

Disclaimer: The information presented here is not financial advice. It is essential to conduct thorough research and make informed decisions in the ever-changing landscape of the cryptocurrency space.