LV / LUCA VALENTEON-CHAIN AND MACRO RESEARCH

Luca Valente

Crypto markets, measured in context.

Independent on-chain and macro research by Luca Valente. Usage, liquidity and derivatives, compared across sectors and over time.

Historical data. Defined comparisons. Explicit limits.

Research · Methodology & data · Contact

What I look at: usage, liquidity, derivatives and flows, each protocol against similar ones.

FEATURED ANALYSIS · 18 OCT 2026

USDT and USDC outstanding supply fell by a combined $1.191B in seven days, while the latest US macro readings sent mixed signals.

FEATURED ANALYSIS · 18 OCT 2026

A Blockscout snapshot of CRV, UNI and OP shows why address concentration cannot be read as a simple ranking of selling pressure.

INDICATOR CASE STUDY · 16 OCT 2026

A native TradingView capture explains a 41.4/100 Trend Strength reading, with price below its guide and direction unconfirmed.

Selected research

What the data shows, and what I’m watching.

Data through 8 Oct 2026. All charts

Real money · 8 Oct 2026

SOL deposited in Marinade Liquid Staking fell 2.4% in 30 days; value locked +9.6%

SOL deposited in Marinade Liquid Staking fell 2.4% in 30 days; value locked +9.6%
Marinade Liquid Staking's value locked went from $242.7M to $266.0M in the 30 days to 8 Oct 2026 (+9.6%). Token prices account for +12% of the change and net deposits for −2.7%. Source: DefiLlama.

The reading

Health index · 7 Oct 2026

POL (ex-MATIC)'s health index: 41 out of 100, below the median of 19 peer chains

POL (ex-MATIC)'s health index: 41 out of 100, below the median of 19 peer chains
POL (ex-MATIC)'s health index was 41 out of 100 on 7 Oct 2026, place 13 of 19 among its sector peers; 4 of 5 measures were available. Seven days earlier it was 49. Source: DefiLlama, CoinGecko.

The reading