In August, U.S. spot Bitcoin ETFs saw ~$751M in outflows while Ethereum funds attracted nearly $4B.
The magnitude—and the fact that it persisted through month-end—suggests a shifting institutional appetite towards ETH

Both Bitcoin and Ethereum recorded significant outflows from exchanges this week, hinting at ongoing accumulation.

BTC treasury balances have expanded sequentially each month this year.
The steady accumulation points to durable institutional conviction despite volatile market conditions.
Source: @CTTbyBen

While Ethereum’s DeFi TVL has decisively broken above prior highs, Solana’s DeFi TVL is ranging around early 2025 levels.
The key question now: will Solana’s TVL break out like Ethereum’s, or consolidate around the current range?
Why Solana could break out
✔️Stablecoin cushion: $12.46B vs $25.7B TVL ⇒ ~48.5% of TVL as deployable float.
✔️Throughput: 30D DEX volume ~$118.4B and ~2.6M 24h active addresses support broad, recurring activity.
✔️Credit capacity: Lending TVL ~$3.63B is a fraction of total TVL, leaving room to lever and redeploy collateral.
Why it could stall
✔️Incentive reliance: $2

Did you know stablecoins account for 1.34% of the M2 money supply?
This figure has doubled in the last two years, hinting at the growing importance of stablecoins in the global financial ecosystem
Source: @stablewatchHQ

This table shows important risk metrics to consider.
✔️High Risk loans crossed $12 billion this week
✔️Liquidations remained elevated due to volatility
✔️Available stablecoin liquidity increased by 7.9%
Want more insights? Read the full deepdive👇
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TVL distribution across the top five lending protocols shows steady market shares in recent months.
Aave continues to lead the sector by a fair margin, though Morpho has captured a growing share.
Source: @DefiLlama

Hyperliquid recorded its best month yet in August, settling $398+ billion in trading volume.
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Total RWA value has exploded to $28B, representing 133% year-over-year growth.

Yield-bearing stablecoins distributed nearly $100M in yield during August. Yet, they still represent just 6.1% of the total stablecoin market cap. Do you think adoption will accelerate from here?
Source: @stablewatchHQ