According to the source, Celo, Ronin, Synthetix, and Aave are reported to be shifting activity back toward Ethereum after testing alternative Layer-1s, implying potential liquidity consolidation on the ETH stack if confirmed, source: the source. Celo’s community previously proposed moving to an Ethereum Layer-2 using the OP Stack, signaling a strategic pivot toward Ethereum scalability, source: Celo Forum. Synthetix concentrated incentives and the v3 roadmap on Optimism (an Ethereum L2), progressively reducing emphasis on alt-L1 deployments, source: Synthetix SIPs and governance. Aave’s core markets continue to prioritize Ethereum and leading L2s (Optimism, Arbitrum, Base), anchoring major liquidity within the Ethereum ecosystem, source: Aave Governance. Ronin operates as an EVM chain bridged to Ethereum, enabling asset mobility and settlement routes via Ethereum bridges, which makes a return path operationally feasible, source: Ronin documentation. Historically, consolidation around Ethereum has coincided with rising L2 TVL and relative ETH strength versus select alt-L1 baskets, informing rotation trades, source: L2BEAT and DefiLlama. Traders should monitor ETH/BTC, L2 TVL on L2BEAT, chain TVL share on DefiLlama, Ethereum gas fees on Etherscan, bridge net flows on Dune or Nansen, and alt-L1 funding rates/open interest on major derivatives venues to gauge migration pressure and adjust positioning, source: L2BEAT, DefiLlama, Etherscan, Dune, Nansen, and exchange derivatives dashboards. Key risks include incentive relaunches on alt-L1s and governance outcomes that could delay or alter migration timelines, which have shifted rotation timing in prior cycles, source: project governance forums.

According to @santimentfeed, Synthetix (SNX) jumped 155% between Sunday and Tuesday before entering a price correction (source: @santimentfeed, Oct 14, 2025). The network then saw one of its largest FOMO spikes with 2,725 active wallets in a single day, 975 new wallets created, and 229 whale transfers over $100K, highlighting intense speculative flow and large-holder activity (source: @santimentfeed, Oct 14, 2025). @santimentfeed also notes the average age of SNX held fell by 24 days during the surge, indicating significant dormant token movement and renewed circulation (source: @santimentfeed, Oct 14, 2025). As SNX corrects, a second wave of spikes in these on-chain metrics would likely signal a price rebound, making active addresses, new address growth, whale transfers >$100K, and mean coin age key dashboards to monitor for traders (source: @santimentfeed, Oct 14, 2025).

According to @ai_9684xtpa, wallet 0x325c7e222E21b0dC84a1a8Bf436d3aF684C55E50 deposited 5,000,000 ENA to Binance around 5 hours ago, valued at approximately 2.84 million USD, source: @ai_9684xtpa. The same wallet received 22,280,000 ENA about 6 days ago from an Ethena multisig, worth roughly 12.98 million USD, and sent the tokens to exchanges in two deposits, which the source characterizes as likely selling, source: @ai_9684xtpa. The address reportedly had frequent interactions two years ago with Synthetix founder Kain Warwick, but ownership of the wallet remains unconfirmed, source: @ai_9684xtpa. Wallet details are available via Arkham at intel.arkm.com/explorer/address/0x325c7e222E21b0dC84a1a8Bf436d3aF684C55E50, source: @ai_9684xtpa.

According to @santimentfeed, the top Real World Assets (RWAs) by development indicate a stable position for Chainlink (LINK) and Synthetix (SNX), with MakerDAO (MKR) showing an upward trend. Dusk Foundation (DUSK) and Reserve Protocol have experienced a decline. This analysis provides insight into market dynamics, suggesting Chainlink and Synthetix maintain strong positions, making them potential focal points for traders interested in RWAs.

According to Santiment, Chainlink ($LINK) holds the top position in Real World Assets by development, maintaining its rank from last month. Synthetix ($SNX) follows in second place, also holding steady. Dusk Network ($DUSK) has shown growth, moving up in rank, while Reserve Protocol ($RSR) has seen a decline in its position. These rankings suggest potential trading opportunities based on development trends and investor interest.

According to @milesdeutscher, Synthetix's $SNX backs $sUSD and other synthetic assets, enabling SNX stakers to mint sUSD and earn protocol fees. Angle Protocol's $ANGLE is unique for issuing $EURA and $USDA, offering on-chain yield opportunities.

According to Santiment, Chainlink ($LINK) leads the list of top DeFi projects by development, maintaining its position since last month. DeFiChain ($DFI) has moved up to second place, while DeepBook on Sui ($DEEP) has dropped to third. Synthetix ($SNX) and Coinbase ($CBBTC) maintain their positions at fourth and fifth, respectively. This ranking is based on recent development activities, which is crucial for traders assessing the sustainability and future potential of these projects.

According to Santiment, the top 10 DeFi projects by development activity for March 2025 show Chainlink ($LINK) maintaining its top position, Defichain ($DFI) moving up to second place, and DeepBook on Sui ($DEEP) dropping to third. Synthetix ($SNX) and Coinbase's $CBBTC remain steady in their rankings. This ranking provides traders with insights into the most actively developed projects, which could indicate future growth potential.

According to Santiment, Chainlink ($LINK), Synthetix ($SNX), and Dusk Foundation ($DUSK) lead the development of Real World Assets (RWAs) in the crypto market. Chainlink maintains its top position, while Synthetix and Dusk Foundation hold the second and third spots, respectively. Notably, Reserve Protocol ($RSR) has shown significant progress, indicating a positive trend in its development ranking. This information is crucial for traders focusing on RWAs, as these projects demonstrate substantial developmental advancements, potentially impacting trading strategies.

According to Santiment, the top 10 DeFi projects by development activity have seen shifts in their rankings compared to last month, indicating changes in their developmental momentum. Chainlink ($LINK) leads the list, followed by DeepBookonSui ($DEEP) and DeFiChain ($DFI), all of which have climbed in ranking. Synthetix ($SNX) has experienced a decline, while Coinbase ($CBBTC) has risen, suggesting varying levels of developer engagement and potential impact on market positioning.

According to @EmberCN, Synthetix founder @kaiynne has donated 2000 ILV (worth $86K) to former Synthetix CFO SynthaMan. SynthaMan had posted two days ago that he lost all his crypto assets due to liquidation and shared an address requesting donations to sustain him until his ILV unlocks in September. Just an hour ago, Synthetix founder Kain unlocked 150,000 ILV (worth $6.45M) and subsequently transferred 2000 ILV to SynthaMan.