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On-Chain Insights: LSD Narrative Skyrockets, HFT, Exchange Front-Runners for SYN
Sandra Leow
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Key Takeaways
3 min read
  • The overall trend shows that Smart Money is doubling down on the LSD narrative in line with the upcoming Shanghai fork. SM continues to stake ETH and accumulate LSD tokens.
  • With our trending tokens dashboard on Nansen, HFT has moved up the ranks for Standard, VIP, and Alpha users.
  • For the first time in history, Arbitrum processed more transactions than Ethereum.
  • We noticed four notable wallets and their recent transactions in SYN, PENDLE, BLUR, and BONE.

Smart Money Movements (24h)

The overall trend shows that Smart Money is doubling down on the LSD narrative in line with the upcoming Shanghai fork. SM continues to stake ETH and accumulate LSD tokens.

sfrxETH

  • There was a $909k inflow of sfrxETH into Smart Money wallets.
  • 🤓 "MR703" on OpenSea swapped ETH for frxETH, and staked it for sfrxETH. Their wallet currently holds $491k worth of sfrxETH. The wallet only recently started to accumulate sfrxETH on February 21st. Their overall on-chain portfolio stands at $10m. This user also has labels such as Smart LP and Token Millionaire.

cbETH

  • There was a $505k inflow of cbETH into Smart...