Crypto Market Intelligence: Blockworks

Source URL: https://blockworks.co/ Fetch Method: jina.ai Fetched At: 2026-05-13T10:03:19Z

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Title: Blockworks

URL Source: https://blockworks.co/

Markdown Content:

Building trust in onchain

capital markets.

Core Density: 4.91 g/cm³

Thermal Signature: 18.9 °

Charge Potential: 0.87 kV

Surface Conductivity: 63%

Vertex Count: 1,199

Edge Network: 3,612 links active

Surface Deviation: 0.14 from ideal polyhedron

Symmetry Index: 43% broken

Structural Integrity: 97% stable

Fracture Density: 8.3 micro-cracks / cm²

Contour Drift: 0.003 units / scan cycle

UTC T10:04:12Z // Block Cycle: 2221 // Continuous s2026-05-13 // Session ID: BW-SCAN-F371

24h Spot Volume

28.22B

-9.64%

24h Perps Volume

155.1B

-13.54%

Open Interest

106.75B

-0.78%

Total Crypto Marketcap

2.78T

+0.16%

24h Liquidations

110.99M

-28.25%

| Name | REV (24h) | TPS (7d) | Median Fee (7d) | Spot Volume (24h) | Stablecoin Deposits | Price | Market Cap | | --- | --- | --- | --- | --- | --- | --- | --- | | TRON TRX | | | | | | | | | Ethereum ETH | | | | | | | | | Solana SOL | | | | | | | | | BNB BNB | | | | | | | | | Bitcoin BTC | | | | | | | | | Polygon POL | | | | | | | | | Base | | | | | | | | | Sui SUI | | | | | | | | | Aptos APT | | | | | | | | | HyperEVM HYPE | | | | | | | | | Monad MON | | | | | | | | | Avalanche C-Chain AVAX | | | | | | | | | MegaETH MEGA | | | | | | | | | Katana KAT | | | | | | | | | Zcash ZEC | | | | | | | | | Optimism OP | | | | | | | | | ZKsync Era ZK | | | | | | | | | Worldchain WLD | | | | | | | | | Ink INK | | | | | | | | | Tempo | | | | | | | | | Unichain UNI | | | | | | | | | Celestia TIA | | | | | | | | | Berachain BERA | | | | | | | | | Plasma XPL | | | | | | | | | Fogo FOGO | | | | | | | | | Arbitrum ARB | | | | | | | |

May 8 · 5 days ago · 49:44

Jito Goes Upstack With JTX | Livestream In this episode, we discuss shifting dynamics in crypto infrastructure, including Base moving away from Optimism, the evolving Layer 2 landscape, MegaETH’s business model, and Jito’s expansion into trading products with JTX. We also cover tokenized equities on Solana, frontend..

April 24 · 19 days ago · 27:59

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A Game of Volatility Short duration prediction markets have quietly become one of the biggest drivers of activity on Polymarket, generating nearly 40% of daily fees despite accounting for just 16% of total volume. But beneath the surface, these markets are increasingly dominated by professional algorithmic traders extracting small edges at massive scale while retail traders continue chasing volatility despite consistently losing money. In this report, I break down the wallet level behavior behind these markets, the strategies profitable bots are running, and what Polymarket needs to do to maintain its lead as competition rapidly intensifies.

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HIP-4 Outcomes HIP-4 is being underframed as Hyperliquid’s entry into prediction markets. The bigger shift is that HyperCore is adding a new payoff primitive: HIP-3 expanded what assets deployers could list, while HIP-4 expands how those markets can resolve. That opens the door to bounded payoffs around prices, rates, spreads, volatility, protocol risk, and other measurable outcomes, with prediction markets representing only one expression of a broader design space.

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Western Union: Mispriced Distribution in a Stablecoin World Western Union is one of the most mispriced setups in payments.Western Union is one of the most mispriced setups in payments. The market is pricing the business for terminal decline, but beneath the headline revenue shrink, Digital and Consumer Services are growing double digits and now represent 40% of the mix. The stablecoin pivot is what makes the risk/reward asymmetric: USDPT flips WU's settlement infrastructure from a cost center into a yield-generating layer, while the company already controls the physical entry and exit points that most crypto-native players lack. At roughly 5x earnings with a 10%+ dividend yield, the downside is cushioned, and our base case points to meaningful upside as WU transitions from decline back toward growth.

20 days ago

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Aave: Cracks in the Monolithic Thesis On April 18, 2026, attackers minted 116.5k unbacked rsETH via a compromised LayerZero bridge and borrowed about $193M from Aave V3, exposing how Aave’s monolithic pool architecture concentrated hidden leverage in ETH LST looping while socializing tail risk across depositors. The fallout triggered $8.67B in weekly outflows, 100% utilization, and an 8% aWETH discount, showing Aave’s $54M Umbrella WETH backstop may be inadequate for exploit-driven bad debt. As depositors rotated to perceived safer venues like SparkLend, the episode suggests DeFi lending may fragment into unified pools for liquid assets, modular markets for hybrid-risk collateral, and vertically integrated CeDeFi for institutional credit.

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Blockworks Inc.

133 W 19th St., New York, NY 10011

Blockworks Network

Company

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