Data & Research | Contributor @Scroll_ZKP @ournetwork__
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Current AI is an intelligent amplifier, it amplifies the intelligence of the user in both directions, lol.
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same here. mine, yapping about pilates, sushi and matcha all the time 🥲.
not single thought of onchain data in her mind
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Apparently @Celo not only dominates in Africa local stablecoin,
but also it dominates in term of number transaction in Emerging market local stablecoins by absolute and relative
Something big coming from African markets 👀
While Polygon dominates Latam and Asia, @Celo continues to gain traction in the African market with products such as @minipay, supported by @cLabs and @opera, and the stablecoin $cUSD.
Regional stablecoins such as $cGHS and $KES on @Celo account for 90% of the total volume in Africa.
thx for data: @_muhraf_
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Q3 2025: Emerging market local stablecoin DEX volume hits $116M, led by:
🥇 @0xPolygon : 39% ($45.3M)
🥈 @avax : 19% ($22.3M)
🥉 @Celo : 18% ($21.8M)
Apparently @Celo not only dominates in Africa local stablecoin,
but also it dominates in term of number transaction in Emerging market local stablecoins by absolute and relative
Something big coming from African markets 👀
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I’ve been covering local stablecoins in emerging markets for the last 3-4 months and have put together some detailed reports. Want to hear more?
JUST IN: Stablecoins 💰 | OurNetwork #364
💵 $USDC @circle | @petertherock
🟡 $USDS @SkyEcosystem | @Ian_Unsworth
🪙 #USD1 @worldlibertyfi | @SeoulDataLabs
🗺️ Emerging Markets Stables | @_muhraf_
🔵 $EURe @monerium | @petertherock
Link to read ⏬
ournetwork.xyz/p/on-364-stab…
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🎨 Pokémon Color Palette !!
What’s your favorite Pokémon? Not shown? Comment and I’ll add it!
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There are decades where nothing happens, and there are WEEKS where decades happen!
What a day today for @0xPolygon:
1. US Government posted latest GDP Numbers on Polygon. commerce.gov/news/press-rele…
2. Philippine Senator Ban Aquino proposed recording their national budget on Polygon via our partner @BayaniChain.
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Latin America leads emerging markets with 47.4K transactions (42.6% of 111.4K total)
in the week of Aug 18, 2025, outpacing SE Asia & Africa.
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[Chart of the Week – Aug 4]
Emerging Markets (EM) non-USD stablecoins:
- 23 projects, 12+ chains (chart limited to Dune data n exc. solana :) )
- 2025: Steady >20K weekly tx, showing real adoption of non-USD stablecoins
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Africa's Local Stablecoin DEX Trading Volume - August 2025
- $10.7 Monthly Volume, lead by GHS $5.4M , KES $2.8M & ZAR $1.6M
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Finally legit as UHI 5 mafia @AtriumAcademy @UniswapFND 😎 Stoked to wear this at a web3 conference. Awesome hoodie quality!
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I made Dune Algo, Dune Algo is a set of tools designed for price action indicators such as SMA, Stochastic, RSI, Bollinger Bands,MACD and Buy/Sell signals. NFA 😀
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Vibe coding + onchain data with @herd_eco Soooooo funnnnn!
We've started bi-weekly hackathons with herd on farcaster, where anyone (even non-devs) can build a fun app on a trail of our choice and reply with their miniapps :)
First one is a "build your own crowdfund" trail, check out the vid for a short explainer.
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check out @StoryProtocol 's analysis
Check out @ournetwork__’s latest – a dive into some of t@StoryProtocol has a $1.7B market cap with its $IP token trading above $5 for 30 days.
Read more on the protocol from @_muhraf_: ournetwork.xyz/p/on-365-onch…
Data via @Dune
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For anyone working on non-USD stablecoins in the LATAM region and needing a @Dune dashboard, ping me!
The language barrier is real, but I’m here to support your project!
I’ll create a Dune dashboard for Latam non-USD stablecoins.
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- DEX volume of non-USD stablecoins in emerging markets (Southeast Asia, LATAM, Africa) has declined since early 2025
-Peak volume: US$200 million in January 2025.
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After writing a long, perfect @Dune query and forgetting to save it, be like :
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also check out my LATAM stablecoin @Dune dashboard!
dune.com/muh_raf/latin-ameri…
1/ 📢 The Money Layer: LATAM Crypto 2025 is live.
Onchain data on stablecoins, exchanges, on/off-ramps, and payment apps across the region.
Built with and for the ecosystem.
👥 Read the report & meet the best LATAM teams at #DuneCon25!
dune.com/blog/latam-crypto-2…
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The last guest workshop at Uniswap Hook Incubator 5 @AtriumAcademy is with @eigencloud . @UniswapFND v4 hook + AVS is game-changing!
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📊 @idrx_co Overview Dashboard on DuneDashboard: Track $IDRX price stats & chain activity across Base, BSC, Polygon & aggregated data.
dune.com/muh_raf/idrx-overvi…
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Combining sustainability + blockchain + AMM is so hard. An honour to be part of UHI 5 @AtriumAcademy @UniswapFND
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Latin America + South East Asia + Android user + Airdrop campaign = send your project engagement to the moon
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I’ve finished reading the Dune Crypto Wallets 2025 report, a must-read for builders (founders, devs, hackathon folks)! Wallets are your app’s frontline, with mobile wallet adoption surging, and the Pectra update is game-changing.
⁉️ We use wallets daily, but how much do you know about them?
👉 New 70-page Report — Crypto Wallets 2025: An Anthology
💳 20+ wallets, data across 100+ chains
📔 From tech-stack to adoption data, we cover it all
㊙️ Secret bonus at the end
Download: dune.com/crypto-wallets
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The future on-chain dashboard will be built on top of MCP.
99.9% of crypto decisions are made on hype, not data.
That changes today.
𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠 𝐅𝐥𝐢𝐩𝐬𝐢𝐝𝐞𝐀𝐈—the first AI platform for anyone to instantly uncover insights on 35+ chains.
No SQL. No data team. Just answers.
Welcome to the era of crypto intelligence 💡
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Sorry, no onchain data today. 🙏
I'm on the street. RIP Affan Kurniawan. 🥀
The rebels in the Empire are not born as rebels, but they become insurgents as a result of being neither fed nor educated. –Feng Guifen (1809-1874).
One loss is already too many. A reminder that power, misplaced, will always wound. May this grief guide us toward institutions that are stronger, and more just, for Indonesia.
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Current State of Emerging Markets Local Stablecoin
♦️ By 18 august 2025, Market cap reached US $614 M, predominantly driven by xZAR (ZAR-pegged stablecoin).
1⃣ xZAR ~ $569.1M
2⃣ BRZ ~ $15.4M
3⃣ XSGD ~ $9.9M
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[Chart of the Week – Week of August 11th]
🔸Latin American local stablecoin market cap reached $21M last week.
🔸Dominated by BRL-pegged stablecoins:
🥇@BrzToken : ~$15.4M
🥈BRLA: ~$1.9M
🥉MXNT: ~$1.0M
Note: Includes only EVM-launched projects.
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At @AtriumAcademy, you'll not only learn how to build @UniswapFND v4 🪝, but you'll also be able to do a 1-1 session. Last night, I discussed AMM for the carbon market with @VillageFarmerr . Awesome session!
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Overview of Local Stablecoins in Latin America
🔹14 local stablecoin projects active on 11+ blockchain networks
🔹BRL-backed stablecoins (cBRL, BRLA, BRZ) lead and total transactions steady > 30K+ weekly transactions
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Local Stablecoin DEX Volume in Emerging Markets - Aug 2025
💠Total trading volume reached $81M, a 6.58% increase from July's $76M.
💠 SGD 🥇: $46M (61.1%)
BRL 🥈 :$16M (21.1% )
GHS 🥉: $5M (6.7% )
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The $MYRC stablecoin is pegged 1 to 1 with the Malaysian Ringgit and stands out as one of the most reliable non USD stablecoins. While others struggle to track their native currencies, MYRC consistently maintains its peg and avoids harmful price swings.
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[Chart of the Week – Week of August 18th]
@StoryProtocol 30-Day DEX Volume (as of August 21, 2025):
꧁꧂ Total: $59M Dex Volume
꧁꧂ Top performers:
1. @0xStoryHunt : $35.8M
2. @PiperxProtocol V3: $23.7M
3. @PiperxProtocol V2: $216.9K
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I tried playing around with @AcrossProtocol 's Crosschain Intents, and it's nearly the weekend, so everyone's off. But thank to @andrewhong5297 we have @herd_eco to explain it!
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Excited to be part of the April cohort of the Uniswap Hook Incubator! 🦄🪝
Ready to bring my on-chain analytics background and keep leveling up in DeFi
@AtriumAcademy @UniswapFND
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Overview of Local Stablecoins in Africa:
• 🇬🇭 GHS-pegged stablecoins lead with 57% of transactions
•🇰🇪 KES at 26%
•🌍 West African CFA franc at 11%
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1/ This is the cleanest & easiest-to-digest mechanics explanation I've ever read, written by @z0r0zzz. Here's why the @UniswapFND v4 community router is a game-changer!
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Only 6 Rules in Southeast Asia
1. Earn Singapore
2. Live Malaysia
3. Vacation Indonesia
4. Spend Thailand
5. Marry Philippines
6. Build Vietnam
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Grateful to @Tiger_Research_ for highlighting my @blox_malaysia overview @dune dashboard in their report!
Check it out below! ⬇️⬇️
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Social media democratized Voice
Bitcoin democratized Value
Stablescoins democratized Access
Looking at emerging markets, @0xPolygon led blockchain adoption from October 2024 to early August 2025, with @BNBCHAIN and @Base closely competing for second.
@_muhraf_ reviews what’s happening in emerging markets stables in our latest issue, give it a read: ournetwork.xyz/p/on-364-stab…
Data via @Dune
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📊 Ethereum Sell & Buy House Indicator
April marked a local bottom for ETH, entering the "buy house" zone.
In May, the market remained relatively sideways with limited volatility.
ETH is currently trading slightly above the historical buy zone.
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The more I learn about crypto and web3, the more this quote relates :)
"Cryptocurrency is everything you don't understand about money combined with everything you don't understand about computers.'"
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I think I should start calling it ‘local stablecoin’ instead of "non-USD stablecoin."
Every time I use the term "non-USD," people interpret it as dedollarization. :(
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The West’s founders must understand that in countries like LATAM and SEA, airdrop farming incentives are bigger than the average wage in tier 2 and 3 cities
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I learned my lesson—time to build more and talk less since my previous account got suspended lol. I'll start documenting my projects and products.
Thought Process Behind Creating the Near Protocol Overview Dashboard: open.substack.com/pub/muhraf… 🚀
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Every UHI devs @AtriumAcademy entering capstone month be like:
When you truly work for yourself, you won’t have hobbies, you won’t have weekends, and you won’t have vacations, but you won’t have work either.
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The future of on-chain dashboards will be built on top of MCP. Your canonical dashboards are obsolete
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This is my first cycle and first year in the Web3 space. Let's collaborate and compete, anon! 🥊
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dont forget this :
Apparently @Celo not only dominates in Africa local stablecoin,
but also it dominates in term of number transaction in Emerging market local stablecoins by absolute and relative
Something big coming from African markets 👀
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I rejected many job offers and founding Web 2 startups last year and went all in on Web 3.
It’s the best bet of my life.
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Great for flexibility and customization, but shadcn (TypeScript) offers simplicity, as seen on bunderbear.com
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Please include decimal information when displaying a contract address, whether in the dev docs, landing page, etc. :)
Going back and forth to a block scanner is tough. 😥
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Skeptical about how @AlliumLabs dissects the query of @HyperliquidX 's dashboard?
Don't worry, you can verify it yourself!
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Great progress for the Web3 ecosystem in Indonesia! 🎉 We now have a stablecoin— $IDRX! 🚀 Keep building and innovating!
🔍 Explore the full dashboard here:
dune.com/muh_raf/idrx-overvi…
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Emerging Market Stablecoins (excl. Ethereum) - Aug 2025 Week 3
🌍 Market cap holds steady above $30M
🥇 @0xPolygon : $18.6M (53.5%)
🥈 @BNBCHAIN : $7.5M (21.7%)
🥉 @base : $2.7M (7.9%)
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High-quality research from @MessariCrypto on stablecoin reports. As someone living in emerging markets, P2P is the best method for stablecoin-to-fiat conversion. It democratizes access to US dollars.
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Capital needs certainty, and the law is the best tool to tie it down! Great news for the stablecoin scene!
🇸🇬 Singapore is moving to formalise its stablecoin framework in law, and we welcome this important development.
Samson Leo, Chief Legal Officer at StraitsX, shared StraitsX's support for the Monetary Authority of Singapore’s (MAS) plan to launch a public consultation later this year to anchor the stablecoin framework under the Payment Services Act.
“MAS’ measures enhance regulatory transparency and build public trust in the digital asset ecosystem. By codifying full-reserve backing and timely redemption into law, Singapore is setting clear standards for safety and accountability.”
@StraitsX is proud to be among the first issuers to receive MAS’s in-principle approval under this framework. We look forward to maintaining an active dialogue with regulators as Singapore continues to strengthen its position as a trusted hub for digital assets through progressive regulation.
#Stablecoins #XSGD #XUSD #Singapore #DigitalAssets
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Data :
Data restricted to chain availability on Dune
Emerging Markets dashboard :
dune.com/muh_raf/sea-latam-a…
Souteast Asia dashboard :
dune.com/muh_raf/sout-east-a…
Latin America dashboard:
dune.com/muh_raf/latin-ameri…
Africa dashboard:
dune.com/muh_raf/african-non…
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