🀝 Blockworks: Inside Fluent's Data Dashboard β€” How a Consumer Chain Turns T-Bill Yield Into BLEND Bu

Hedge Funds Insights

Hedge Funds Insights

@charts_pulse

High Value Analytics Only

6 subscribers
Open in Telegram
🀝 Blockworks: Inside Fluent's Data Dashboard β€” How a Consumer Chain Turns T-Bill Yield Into BLEND Buybacks

Fluent, a four-month-old consumer-crypto chain, earns almost all its revenue from its USDnr stablecoin's Treasury-bill yield β€” not fees.
β€’ Execution fees have brought in just $1.2K since launch, versus $79K in USDnr treasury yield earned since mainnet.
β€’ Combined USDnr/sUSDnr float is $11.5M, down from a $40M launch-week peak, with 80% staked for yield.
β€’ Only one BLEND buyback so far β€” $65K on April 27 β€” funded almost exactly by accumulated program yield.
β€’ Daily active addresses have fallen to ~39 from a launch-day peak of 252, underscoring how early-stage these numbers still are.

πŸ”— Read more
#blockworks
Open post in Telegram