DefiLlama

Pump.fun

2026-10-04 06:12:03

Pump.fun tops Hyperliquid in 30-day protocol revenue with $55.5 million

Pump.fun generated $55.5 million in revenue over the past 30 days, edging past Hyperliquid’s $54.34 million, according to data from DefiLlama cited by BlockBeats on Oct. 4. Under that ranking, Pump.fun trails only Tether and Circle, which posted $508 million and $208 million respectively over the same period. The figures place Pump.fun ahead of Hyperliquid on a 30-day revenue basis in the latest snapshot referenced by the report.

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Blast

2026-10-02 18:33:18

Ethereum Layer 2 Blast to Shut Down After Costs Overtake Chain Revenue

Blast, the Ethereum layer 2 network created by Blur founder Tieshun Pacman Roquerre, is shutting down after its team said the chain no longer works as a business. In a Friday post on X, the team said the ongoing cost of maintaining Blast now exceeds the revenue the network brings in, and that it does not see a credible route to making the chain economically sustainable. Users were told to move assets back to Ethereum mainnet, including funds held in the Blast progressive web app. To ease the process, Blast said it will reduce its withdrawal delay to 24 hours, though withdrawals will be temporarily unavailable while the team removes Blast assets from Lido, a step expected to take about one week. Users can withdraw through the standard Blast interface until Oct. 26; after that, funds will still be accessible, but only by interacting directly with Blast bridge contracts on Ethereum. The closure caps a steep reversal for a network that once drew billions in deposits around its native-yield pitch. Data cited from DefiLlama, L2Beat, and CoinGecko showed sharp declines in value locked, token price, and market capitalization.

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DefiLlama

2026-10-03 12:25:37

DefiLlama: 443 of 558 blockchains generated less than $10 in fees over 24 hours

DefiLlama data shows that fee generation across most public blockchains remained extremely low over the past 24 hours. Out of 558 chains tracked, 514 posted less than $1,000 in fee revenue. Within that group, 443 chains brought in less than $10, and 399 recorded zero fees during the period. Only seven blockchains crossed the $100,000 mark in 24-hour fee revenue. Solana led the list with $1.09 million, followed by Tron at $922,900, BSC at $793,900, Ethereum at $435,000, Bitcoin at $325,600, Base at $114,800, and Robinhood Chain at $100,900. The figures were cited by Techub News based on DefiLlama data.

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Blast

2026-10-03 04:00:55

Blast to wind down network as costs outpace revenue, with TVL down to about $32.23 million

Blast, once one of the most closely watched Ethereum Layer 2 networks, said on Oct. 2 that it will wind down operations and asked users to move assets back to the Ethereum mainnet. The team said the network no longer generates enough revenue to cover operating costs and that it does not see a credible path to economic sustainability. DeFiLlama figures cited in the report show Blast’s DeFi TVL at about $32.23 million, down from a peak of roughly $2.24 billion, a drop of about 98.6%. The report also lists a stablecoin market cap of about $12.36 million, 24-hour DEX volume of roughly $34,800, 24-hour chain fees of about $23, and chain revenue that at one point fell to around $9.39 in a day. Users can still withdraw assets through Blast’s existing interface until Oct. 26, 2026. After that date, assets will not disappear, but withdrawals will require direct interaction with the Blast bridge smart contract on Ethereum. The shutdown process also involves unwinding ETH staked through Lido, which is expected to take about a week and will temporarily pause withdrawals.

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Ethereum

2026-10-03 02:04:54

Ethereum Layer 2 Blast to shut down as TVL drops more than 98% from peak

Ethereum Layer 2 network Blast said it will cease operations after concluding that the ongoing cost of maintaining the chain has exceeded the revenue generated onchain. In a post on X on Oct. 2, the team said it could not find a viable path to make the network economically self-sustaining and asked users to withdraw assets back to Ethereum mainnet, including balances held in Blast’s progressive web app. The normal withdrawal window will remain available until Oct. 26, 2026, though the first step in the shutdown process requires retrieving assets Blast placed in Lido, a process expected to take about one week and temporarily pause withdrawals. Data from DefiLlama shows Blast’s total value locked reached about $2.26 billion on June 6, 2024, but had fallen to roughly $32 million as of Oct. 3, a decline of more than 98%. Blast launched in November 2023 and promoted automatic yield on deposited ETH and stablecoins through ETH staking and real-world asset protocols. The Block previously reported that the project raised $20 million led by Paradigm and Standard Crypto, with mainnet going live in February 2024. The Block also said the BLAST token fell 17% on the day of the shutdown announcement, leaving its market capitalization at about $23 million.

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Blast

2026-10-02 17:15:35

Blast to shut down as Ethereum layer-2 economics collapse after 98% asset drop

Blast, an Ethereum layer-2 network that once held more than $2.2 billion in locked assets, is shutting down after user activity and revenue collapsed. The project said Friday that operating the chain no longer makes economic sense, with maintenance costs exceeding the income generated by the network and no credible path to long-term sustainability. According to DeFiLlama data cited in the report, Blast’s total value locked fell from a June 2024 peak of $2.2 billion to just $32 million, while monthly revenue dropped from about $3.5 million at its high point to only $1,793 last month. BLAST, the network’s native token, fell 19% after the announcement and is now down about 98% from launch. The shutdown also highlights mounting pressure across the blockchain sector, where smaller networks face rising development, infrastructure, and security costs while competing against larger consumer platforms such as Coinbase’s Base and Robinhood’s Ethereum-based network. Blast said users can withdraw assets to Ethereum through its interface until Oct. 26; after that, withdrawals will require direct interaction with bridge contracts.

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Bloomberg

2026-09-30 19:00:48

Bloomberg Terminal Adds Stablecoin Dashboard Backed by Allium

Bloomberg has added a stablecoin data dashboard to its Terminal, giving financial professionals access to on-chain metrics tied to supply, issuance, and transaction activity. The dashboard is powered by blockchain data platform Allium and covers stablecoins with more than $100 million in circulating supply, representing more than 98% of the overall market. Terminal users can compare stablecoins by supply, minting, burning, transfer size, and velocity. The data can also be broken down by blockchain network and by peg type, including fiat-backed and commodity-backed categories. Bloomberg said the tool is available to all Terminal users through its RWAS function and appears alongside the platform’s existing fixed-income, foreign-exchange, and money-market tools. Bloomberg Terminal is widely used by banks, asset managers, and other financial professionals for real-time market data, news, analysis, trading, and communications. Bloomberg has offered Bitcoin pricing on the platform since 2014 and now provides pricing, reference data, identifiers, and benchmarks for 50 cryptocurrencies. According to DeFiLlama, the total stablecoin market capitalization has risen above $306 billion, with Tether’s USDT accounting for about 60%.

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Jumper

2026-09-28 07:10:00

Jumper splits from LI.FI and launches JUMP sale at a $75 million FDV

Jumper, the cross-chain aggregation app originally incubated by LI.FI, is moving into independent operations and plans to raise capital through a token sale rather than equity. The JUMP public sale is scheduled for Sept. 29 at 21:00 on Legion, with a $75 million fully diluted valuation, a $2 million fundraising target, and a $3 million hard cap. After the split, Marko Jurina will serve as CEO, while the product will continue to run on LI.FI’s technology stack. The separation is presented as a way to cleanly divide incentives between LI.FI’s enterprise routing business and Jumper’s retail-facing frontend. LI.FI has expanded its client base to wallets, exchanges, neobanks, and AI agents, while Jumper built its own user base through XP points and fee-free trading. The article argues that keeping both under the same roof made LI.FI’s claim of neutrality harder to defend, especially when many of its customers compete for the same end users. The report also examines JUMP’s tokenomics, lock-up schedule, and valuation. Public sale buyers will receive 50% at TGE and the rest over four months, but community emissions, fee-sharing mechanics, and post-fee user retention remain unclear. Based on projected fee income, the $75 million FDV implies a valuation roughly in line with comparable projects, though the article says the setup leaves limited margin for error and exposes buyers to market, liquidity, and execution risk.

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