KEYTAKEAWAYS
- Ethereum Foundation Researcher: Ethereum TPS May Reach Tens of Millions in Next Decade
- US Bitcoin ETF Daily Outflow Hits Record, Exceeds $1.01 Billion
- Jupiter On-Chain Revenue Soars to $10.88 Million in 24 Hours
CONTENT
Welcome to CoinRank Daily Data Report. In this column series, CoinRank will provide important daily cryptocurrency data news, allowing readers to quickly understand the latest developments in the cryptocurrency market.
ETHEREUM FOUNDATION RESEARCHER: ETHEREUM TPS MAY REACH TENS OF MILLIONS IN NEXT DECADE
Ethereum Foundation researchers including Vitalik Buterin discussed Pectra upgrade, L1 revenue, and future development in a Reddit “AMA”. The Pectra upgrade, expected to launch within months, will increase block “blob” transactions from 3 to 6 to reduce L2 data costs.
Researchers proposed the “native Rollup” concept, integrating L2s directly into L1 to boost mainnet revenue, with projects like Arbitrum and Base expressing interest. Justin Drake predicted that Ethereum could support 10 million TPS in the next decade, enabling 100 transactions per person daily, and even at just $0.001 per transaction, daily revenue could reach $1 billion.
Analysis:
The introduction of Ethereum’s Pectra upgrade and “native Rollup” concept indicates a new phase in its technical iteration, with reduced L2 costs and increased mainnet revenue enhancing ecosystem competitiveness.
Justin Drake’s prediction of ten-million-level TPS demonstrates Ethereum’s enormous potential in scalability and commercialization. The TPS improvement will consolidate its leading position as blockchain infrastructure and attract more developers and capital.
US BITCOIN ETF DAILY OUTFLOW HITS RECORD, EXCEEDS $1.01 BILLION
SoSoValue data shows that the US Bitcoin ETF market experienced massive capital outflows, with daily outflows exceeding $1.01 billion, setting a historical record. Fidelity’s FBTC saw the most outflow, totaling $344.65 million, followed by $164.37 million in redemptions from BlackRock’s IBIT. The remaining funds registered outflows of less than $100 million each.
Source: SoSoValue
Analysis:
This capital outflow may be related to the decline in CME Bitcoin futures premium, which has weakened the attractiveness of spot arbitrage. Additionally, the current yield on Bitcoin and Ethereum arbitrage trading is only slightly higher than the US 10-year Treasury yield (4.32% at the time of writing), leading to reduced investor interest.
The recent significant price correction in cryptocurrencies such as Bitcoin reflects the strengthened correlation between cryptocurrency markets and traditional financial markets, with investors being more cautious about the balance between risk and return.
JUPITER ON-CHAIN REVENUE SOARS TO $10.88 MILLION IN 24 HOURS
According to DefiLlama data, Jupiter’s on-chain fee revenue has grown significantly in the past 24 hours, reaching $10.88 million, firmly holding the top position on Solana chain’s revenue rankings. Meanwhile, Tether ranks second among all protocols with daily revenue of $18.19 million, closely followed by Circle with $5.92 million in third place. Additionally, UniSwap and PancakeSwap rank fourth and fifth with revenues of $5.13 million and $4.59 million respectively.
Source: DefiLlama
Analysis:
The surge in on-chain fees highlights Jupiter’s strong performance in the Solana ecosystem and reflects the vibrancy of the decentralized finance (DeFi) market. Jupiter is a leading decentralized exchange aggregator in the Solana ecosystem, designed to provide users with optimal trading routes and low slippage experiences, supporting multiple token exchanges and liquidity integration, becoming one of the core infrastructures of Solana’s DeFi ecosystem.
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