LV / LUCA VALENTEON-CHAIN AND MACRO RESEARCH

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

Health index · 6 Oct 2026

Jupiter Lend's health index: 57 out of 100, above the median of 28 peer lending protocols

Jupiter Lend's health index: 57 out of 100, above the median of 28 peer lending protocols
Jupiter Lend's health index was 57 out of 100 on 6 Oct 2026, place 8 of 28 among its sector peers; 4 of 5 measures were available. Seven days earlier it was 44. Source: DefiLlama, CoinGecko.

The reading

Outlier of the day · 3 Oct 2026

Orca DEX collected 147% more fees than a month earlier

Orca DEX collected 147% more fees than a month earlier
Orca DEX's fees rose 147% in the 30 days to 2 Oct 2026; the median of its 15 peer DEXs rose 18%. Source: DefiLlama, CoinGecko, GitHub.

The reading

Real money · 3 Oct 2026

Jupiter Perpetual Exchange: net withdrawals of $23.3M in 30 days; value locked +7.7%

Jupiter Perpetual Exchange: net withdrawals of $23.3M in 30 days; value locked +7.7%
Jupiter Perpetual Exchange's value locked went from $751.0M to $808.8M in the 30 days to 3 Oct 2026 (+7.7%). Token prices account for +11% of the change and net deposits for −3.1%. Source: DefiLlama.

The reading

Outlier of the day · 2 Oct 2026

Avalanche collected 238% more fees than a month earlier

Avalanche collected 238% more fees than a month earlier
Avalanche's fees rose 238% in the 30 days to 1 Oct 2026; the median of its 29 peer chains rose 27%. Source: DefiLlama, CoinGecko.

The reading

Real money · 2 Oct 2026

WETH deposited in mETH Protocol fell 0.2% in 30 days; value locked +11%

WETH deposited in mETH Protocol fell 0.2% in 30 days; value locked +11%
mETH Protocol's value locked went from $572.7M to $637.2M in the 30 days to 2 Oct 2026 (+11%). Token prices account for +11% of the change and net deposits for −0.2%. Source: DefiLlama.

The reading

Health index · 2 Oct 2026

Not one of 110 tokens paid above the standard funding rate

Not one of 110 tokens paid above the standard funding rate
On 2 Oct 2026, 0 of 110 tokens had a 7-day average funding rate above the standard +0.0100% per period, 9 were at it and 101 below. The lowest was SAND at −0.0583%. Source: Binance futures.

The reading

Outlier of the day · 1 Oct 2026

Raydium's 30-day fees: the highest since August 2025

Raydium's 30-day fees: the highest since August 2025
Raydium's fees rose 395% in the 30 days to 30 Sep 2026; the median of its 15 peer DEXs rose 15%. Source: DefiLlama, CoinGecko.

The reading

Real money · 1 Oct 2026

SOL deposited in Marinade Liquid Staking fell 2.2% in 30 days; value locked +13%

SOL deposited in Marinade Liquid Staking fell 2.2% in 30 days; value locked +13%
Marinade Liquid Staking's value locked went from $241.3M to $272.5M in the 30 days to 1 Oct 2026 (+13%). Token prices account for +15% of the change and net deposits for −2.6%. Source: DefiLlama.

The reading

Health index · 1 Oct 2026

Not one of 110 tokens paid above the standard funding rate

Not one of 110 tokens paid above the standard funding rate
On 1 Oct 2026, 0 of 110 tokens had a 7-day average funding rate above the standard +0.0100% per period, 8 were at it and 102 below. The lowest was TRX at −0.0268%. Source: Binance futures.

The reading

Health index · 30 Sep 2026

Not one of 110 tokens paid above the standard funding rate

Not one of 110 tokens paid above the standard funding rate
On 30 Sep 2026, 0 of 110 tokens had a 7-day average funding rate above the standard +0.0100% per period, 11 were at it and 99 below. The lowest was TRX at −0.0220%. Source: Binance futures.

The reading