🤷 Everyone But Traders Make Money From Memecoins

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Data from Dune Analytics indicates that only 3% of traders on Pump.fun have made more than $1,000 in profits, while more than 60% have lost money. Meanwhile, DEXScreener, the preferred data platform among memecoin traders, is raking in more than $1 million in weekly fees.

The Tron ecosystem is also benefiting from memecoin mania, with TRX up 18% in the past week following the launch of the Sun Pump token launchpad.

Balaji Srinivasan, the famed cryptocurrency and Silicon Valley investor, is seeking to realize his vision for a ‘Network State’ through a 90-day pop-up city in Singapore.

Plus, digital assets continue to dip as stocks retrace, Runes dominates Bitcoin on-chain activity, Xai taps Gauntlet for governance and treasury management strategy, and Aethir powers smart TV gaming with DePIN infrastructure.

✍️ In today’s newsletter:

A small fraction of PumpFun traders are making money
DEXScreener enjoys seven-figure weekly revenue
Sun Pump ignites Tron rally
Pop-up city in Singapore explores network state mission
Mt. Gox transfers and stock sell-off spook markets
Runes account for up to 70% of Bitcoin activity
Xai teams up with Gauntlet
Aethir powers Return Entertainment’s smart TV gaming with DePIN

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📈 Markets in the last 24 hrs:

	Ticker	Value	24h

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❌ Just 3% of PumpFun Traders Have Made Over $1000

Most memecoin degens appear unprofitable, with data from Dune Analytics showing that just 3% of traders have made $1,000, and only 0.8% are up more than $10,000. The vast majority of PumpFun traders have lost money at more than 60% of users.

💰 DEXScreener is Earning Over $1 Million in Weekly Fees

While memecoin traders lose out, memecoin infrastructure is predictably making bank. DEXScreener, a popular data platform among meme token traders, is making more than $1 million in weekly fees, taking home $5.4 million in the past 30 days.

🚀 TRX Posts 18% Weekly Gain Driven by Memecoin Madness

Tron is also benefiting from memecoin mania’s persistence. The network’s TRX token is up 18% over the past week following the successful launch of Sun Pump, a competitor to Solana’s bubbling memecoin launchpad.

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By simplifying complex strategies with August and Tulipa Capital for everyday users, Gain paves the way for broader adoption of DeFi, marking a new era in reward maximisation.

🌐 Balaji’s Network State Becomes a Reality in Singapore

Balaji Srinivasan, a successful Silicon Valley and cryptocurrency investor, announced plans to launch The Network School, a 90-day pop-up city in Singapore. The project aims to realize the vision articulated in his book, the Network State, which proposes building successors to nation states leveraging AI and digital assets.

📉 Crypto Markets Tumble Amid Mt. Gox Transfers

Digital assets continue to trend flat. The weak performance comes as Mt. Gox continues to transfer large sums of BTC amid looming creditor distributions and bears remain in control of global stock markets.

📊 Ordinals Flounder While Runes Dominate Bitcoin Network

Runes are dominating Bitcoin’s on-chain activity, with the fungible tokens accounting for more than 50% of transactions for 70% of the past 30 days. Runes’ rise has come at the expense of Ordinals, which now make up less than 10% of Bitcoin throughput.

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🤝 Xai Taps Gauntlet To Design DAO Governance and Treasury Management Strategy

Xai, the booming gaming-focused Layer 3 network, has tapped Gauntlet to develop its DAO governance and treasury management strategies. Xai continues to lead the Layer 3 sector by activity, hosting more than 100 transactions per second since mid-June.

🎮 Return Entertainment Taps Aethir’s DePIN Infrastructure For Smart TV Gaming

Return Entertainment enlisted Aethir’s DePIN GPU computing to power its smart TV gaming streams. The news follows Samsung deepening its partnership with Illuvium to promote its web3 smart TV bundles.

🌍 ELSEWHERE

Germany seizes almost $28 mln in cash in crypto ATM sting (Reuters)
McDonald's Instagram account seemingly hacked to promote Solana token 'Grimace' (The Block)
Crypto Airdrops Ban U.S. Users, but Americans Are Claiming Tokens Anyway (CoinDesk)
BlackRock’s Ethereum ETF Surpasses $1 Billion in Net Inflows (Unchained)