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DeFi Liquidity Crunch: First on the Tape
Weekly Key Metrics Network Fees · Bitcoin fees (~$2.38M, +17.4% w/w): A modest mempool fill after volatility — plus bursts of inscriptions/UTXO consolidations — pushed total fees up from a quiet base. · Ethereum fees (~$8.26M, +63.5% w/w): Heavier L2 settlement batches and brief DEX/MEV flurries lifted L1 base fees sharply from last week’s lull. Exchange netflows · BTC exchange netflows (~+$313M inflows): More BTC moved onto exchanges for profit-taking, liquidity needs, and arb/collateral top-ups following price swings. · ETH exchange netflows (~–$696M outflows): ETH kept leaving venues for staking, L2 ... (full story)