1/ Dune Digest 20 is here!
This week:
• @ethena_labs’s USDe flywheel accelerates
• @baseapp fuels a SocialFi surge
• @Uniswap v4 crosses $100B
• @yalaorg launches $YALA
• @noble_xyz’s USDN hits $1B in volume
Let’s go!

@Arnno39 @AlsieLC @filippoarman @web3sly @fr0zensun 2/ @ethena_labs keeps gaining speed:
• USDe supply topped $7B
• @StablecoinX raised $360M
• @strata_money launched with $19M TVL in 3 days
• USDtb became the first GENIUS-compliant stablecoin via @Anchorage
DeFi, RWAs, and equity buybacks, all spinning the flywheel.

3/ @baseapp is making SocialFi real = SocialFi in motion.
After rebranding Wallet to Base App on July 16, @zora Coins exploded:
• Token mints peaked at 38K/day
• 150K+ daily trades
• $6M+ volume
• $30K in daily creator rewards
A new kind of wallet is here: chat, post, mint, earn.

4/ @Uniswap v4 just hit $100B in cumulative volume.
Now driving 30% of all Uniswap activity, v4 sees:
• $634M daily volume
• $1B in TVL
• 100+ daily hook deployments
Unichain now leads in v4 volume; modular, programmable DEXs are the future.

5/ @yalaorg’s BTCFi stack is surging.
TVL is over $200M, with $122M $YU minted and $73M staked in the Stability Pool.
@solana and @RaydiumProtocol drive 74% of $YU’s $68M DEX volume.
34M $YALA airdropped to 10K users — 30M claimed in days.
BTC-backed stablecoin infra is here.

6/ Speaking of stablecoins, @noble_xyz’s USDN surpassed $1B in transaction volume. Plus:
• 30K wallets
• $1.34M in yield
• 10.9K monthly actives
• $371M in USDC swaps
• $112M+ locked in yield vaults
Built on short-term T-bills, USDN blends yield and usability.

@jelena_noble 7/ That’s all for Dune Digest 20!
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