Alpha Zone
My Reading List
Log in
DeFiGaming & MetaverseInfrastructureMarketsNFTs
On-Chain Insights: crvUSD, Swell Network, and Pudgy Penguins
Key Takeaways
2 min read
  • Since its launch earlier this week, crvUSD has seen 1,307 sfrxETH ($2.46m) in deposits as collateral to borrow the stablecoin.
  • Swell Network has been attracting ETH deposits for its LSD, with a potential airdrop coming for early stakers. There are almost 12k ETH currently staked.
  • Pudgy Penguins trading volume and transaction count surged in the past day following the launch of Pudgy Toys and PudgyWorld.


  • Since its launch, crvUSD has attracted approximately 1,307 sfrxETH ($2.46m) in collateral backing it as borrowers deposit to mint the stablecoin from 28 unique depositors.
  • Apart from the Curve wallet itself and an MEV bot, which has deposited 877 sfrxETH ($1.65m) and 212 sfrxETH ($400k), respectively, a Passive Uniswap V3 LP wallet is the third-largest depositor.
  • This address has 160 sfrxETH ($301k) in net...