1/ As a result of the USDC depeg, onchain activity at Ethereum has skyrocketed. Most onchain stats have reached their ATH. Let's look at what happened on March 11th and how it reflects onchain numbers.
2/ First and foremost, consider the volume of DEX's: Ethereum's DEX volume has surpassed its all-time high of $20 billion. Even if we include the DeFi summer, this is the largest volume reached by DEXs.
3/ There was Uniswap accounts for $12 billion of this total, while Curve accounts for $7.5 billion. Given that Curve has introduced stable swaps, it is not surprise that Volume has surged tenfold. Uniswap maintains its volume leadership.
4/ If we're talking about depegs, we should look at @y2kfinance's stats. Since February 1st, y2k has hit its peak volume. Indeed, it is difficult to learn how Y2K works, but I couldn't avoid it. On days like yesterday, it stands out.
5/ If we're discussing large volume and liquidations, we should also include MEV statistics. MEV bots gained over 5100 ETH yesterday, and over 2500 ETH was spent as a gas. We can see that this revenue is the highest since the merge.
6/ Since MEV revenues are rising staking revenue, yesterday Lido saw its highest APR -%10 since merge. Statistics can be found at mevboost.pics and dune.com/LidoAnalytical/lido-execution-layer-rewards
7/ Read my flood if you don't know what MEV is or what it stands for. It is sufficient for novices to comprehend what MEV is. (Unfortunately, it is in Turkish; I will translate it ASAP) It appears that LSDs will have a sizable market share.
twitter.com/lyteraio/status/1578808153923145728
8/ Since we're discussing MEV and onchain activities, let's look at L2 solutions. TPS on L2s was twice that of Ethereum L1 on March 11th. We can say that L2'S has taken 60% of Ethereum's load.
l2beat.com/scaling/activity
9/ As a TPS, we can see that DYDX Arbitrum and Optimism are leading rollups. It should be noted that this numbers show the "executed" transaction per second rather than the maximum TPS.
10/ Despite increased TPS at L2s, Smart Money continues to favor Ethereum. Ethereum has accounted for 84% of total DEX volume, and it does not appear to be changing anytime soon. Arbitrum has only taken 5% of total volume.
11/ When we look at the most gas used  contracts, we notice the USDC and USDT at the top. The biggest irony, in my opinion, is that stable coins are the most popular usecase of cryptocurrency, despite the lack of a trustworthy, regulated, or standardized version.

tokenterminal.com/terminal/contracts/trending

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