Key Insights from Today’s on-chain behavior
- Liquid staking derivatives continue to be a narrative leading into the Shanghai upgrade in March. Today’s on-chain flows showed massive cbETH inflows to Aave as they just passed a governance proposal to add cbETH to Aave v3 on Ethereum
- Exchange flows remain an interesting dashboard to spot potential buying/selling behavior from smart money. Today’s largest inflows to exchanges from smart money wallets were REN ($682k),...