@veradittakit, Managing Partner at @PanteraCapital shared the @artemis chart below that shows stablecoin payments by type:

As we can see below, the volume of stablecoins has grown from $1.9B to $6.0B in the last two years. Out of all transaction types, B2B payments grew the most, from $119.7M to $3.0B. Global corporations such as Uber are considering the use of stablecoins to reduce currency costs.

Pantera Capital believes this is a strong signal of industry profitability due to the following reasons:

- B2B clients are more price inelastic than P2P clients;

- B2B clients transfer large amounts of capital around the world frequently.

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@reganbozman at @lattice_fund is pointing at Solana network REV.

I remain bullish on SOL but find the silence around the fact that it has round tripped most core metrics like REV back to summer 2024 levels surprising.

It's a sign that Solana needs a new killer application - or large wealth effect like the Pump airdrop.

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The team at @Maven11Capital shared this chart posted by @tokenterminal earlier this week:

[http://bit.ly/4eE9ig0]

‍Stellar execution by the @maplefinance team, adding an impressive $2B to their TVL in Q2 2025 alone. By expanding into Bitcoin yield strategies alongside their existing on-chain asset management solutions for stablecoins, they've now surpassed BlackRock’s BUIDL money market fund in assets under management.

Check out the latest Level Up pod featuring Maple co-founder @syrupsid to learn more: http://bit.ly/4llDwa9

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@0xtangelo at @FinalityCap noted that Ethena’s collateral composition has shifted meaningfully since launch.

Initially backed entirely by ETH when it launched in early 2024, Ethena took advantage of elevated funding conditions in late 2024 across BTC, ETH, and SOL during Dec-24.

As funding rates have cooled in 2025, Ethena has taken a more defensive stance and diversified more into stables. By Apr-25, over 70% of the collateral backing was in stables. Now, stables represent ~48%.

Ethena’s dynamic collateral strategy harvests funding rates when they are high and shifts to stables when delta-neutral yields underperform stablecoin yields.

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This post is for informational purposes only and should not be construed as financial or investment advice.