In the past hour, total liquidations across the network reached $16.24 million, with $10.63 million from long positions, with $5.61 million from short positions. BTC liquidation $1.64 million, ETH liquidation $4.18 million.

According to data from Hyperbot, as reported by Odaily Planet Daily, the "whale with a 100% win rate since October 11th" has accumulated a total unrealized loss of over $16.75 million on its long positions in BTC, ETH, and SOL. Specifically, the unrealized loss on ETH long positions is $4.31 million; the unrealized loss on BTC long positions is $3.27 million; and the unrealized loss on SOL long positions is $9.16 million.

In the past hour, total liquidations across the network reached $71.81 million, with $70.80 million from long positions, with $1.01 million from short positions. BTC liquidation $20.96 million, ETH liquidation $16.75 million.

Huoxun Finance reported on October 31st that venture capital firm 1kx released its "Onchain Revenue Report H1 2025," summarizing on-chain verification data from over 1200 protocols. The report shows that the crypto industry's "on-chain economy" has formed a $20 billion ecosystem and is growing rapidly. The report points out that on-chain fees have become the most direct indicator of real market demand. DeFi protocols still account for 63% of total on-chain fees, but emerging sectors are growing rapidly: wallet revenue increased by 260% year-on-year, consumer applications by 200%, and DePIN (Decentralized Physical Infrastructure Network) by 400%. Meanwhile, Ethereum's share of the overall market has declined, although its transaction fees have decreased by 86% since 2021, but the number of ecosystem protocols has expanded eightfold. 1kx points out that a mismatch between market capitalization and actual revenue is emerging: the top 20 protocols account for 70% of on-chain fees, but the market capitalization of DeFi projects is only 17 times their revenue, while the average valuation of public chains is as high as 3900 times, showing investors' premium for "nation-level" narrative assets. Looking ahead, 1kx predicts that total on-chain economic fees will reach $32 billion by 2026, a year-on-year increase of 63%, mainly driven by RWA (Real-World Asset Tokenization), the DePIN network, wallet monetization, and consumer-grade crypto applications. The report believes that with increased regulatory clarity and infrastructure expansion, the on-chain economy is entering a "mature stage"—a new cycle driven by usage, revenue, and value distribution.

Huoxun Finance News, October 31st - According to The Block, Bitcoin DeFi protocol Lombard Finance announced the acquisition of Avalanche's (AVAX) cross-chain Bitcoin asset BTC.b and its related infrastructure. The transaction was initiated by AvaLabs. BTC.b has a market capitalization of approximately $502 million and will continue to operate on Avalanche, with its contracts and name remaining unchanged.