Solana’s memecoin launchpad Pump.fun logged one of its strongest weeks of 2025, pulling in $13.48M in revenue.

It marks the platform’s best performance since February, signaling a solid rebound after this month’s dip.

Hyperliquid led last week’s buybacks with $24M, while Pump.fun added $10M.

The trend highlights how high-revenue protocols are increasingly using repurchases as a preferred capital allocation strategy.

Historically, shifts in global M2 have often led BTC moves with a slight lag.

Current data shows M2 rolling over from a September peak, hinting at weaker liquidity ahead. For Bitcoin, that could mean a slowdown as policy tightening and the U.S. Treasury’s TGA refill drain liquidity.

USDC reserves on Tier-1 CEXs nearly doubled in under two weeks, hitting a new all-time high.

Coinbase and Kraken saw strong inflows, while Binance managed outflows with a swift $2.4B USDT entry, further reinforcing its stablecoin dominance.

In just one year, Hyperliquid grew from zero to holding over 80% of the decentralized perpetuals market, processing up to $30B in daily volume.

Built by a lean, self-funded team that rejected VC money, it proved that technical precision and community-first economics can outpace heavily funded competitors.

Global crypto TVL has surpassed $0.5 trillion.

The biggest contributors are Tether, Aave, Circle, Lido, and Sky.

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Altcoin futures open interest jumped by $9.2B in a single day, hitting a new ATH of $61.7B.

The surge underscores how altcoins are driving leverage, volatility, and fragility across the market.

Volatility hit last week: Ethereum dapp volume dropped 23.9%, with BNB and Unichain also down.

In contrast, Arbitrum rose over 10% and Mantle gained 2.6%.

Last year, Polymarket and Azuro battled for dominance in prediction markets.

With the U.S. election nearing, Polymarket has taken the lead, Myriad Markets gained traction in Q2, and Football.Fun is trending most recently.

Raydium, Solana’s leading DEX, saw daily average volume drop 69.2% from $3.6B in Q1 to $1.1B in Q2.

Across all Solana DEXs, adjusted daily volume fell 56.4% to $3.0B, per DefiLlama’s wash-trading-adjusted data.

In the past 30 days, the Hyperliquid Assistance Fund repurchased $106M worth of $HYPE at an average of $42.8.

With the upcoming upgrade, HLP’s fee share will drop to 1%, funneling 99% of fees into buybacks.