Transaction data tells you what happened onchain. But raw logs don't always tell you what a wallet actually did. GoldRush now supports Transaction Classification in the Transactions API, turning raw transaction data into readable actions. Here's how it works 🧵

$100B in ETH perp volume on Hyperliquid since July 9. July contributed $17.6B from the 9th onward. August and September each added roughly $35B, putting ETH trading on pace for another month of billion-dollar days. Across 96 days, that works out to just over $1B in daily volume on a single onchain venue.

Polymarket's weekly volume has stayed within a $240M range for 12 consecutive weeks, with even its slowest week clearing $931M. That consistency suggests activity is holding at a sustained baseline rather than relying on occasional spikes to drive the cumulative total past $13B.

$750B traded on Hyperliquid between July 9 and October 12. That's 14 weeks of trading, with the busiest week coming on August 17, when volume hit $84.4B and fees reached $25.7M. Across the entire period, Hyperliquid generated $205.7M in fees. Even its quietest full week recorded $34.5B in volume.

$1.03T in trading volume in just five days. @papertrade_xyz crossed the trillion-dollar mark on October 14, with 1.35M trades recorded across the period. The biggest contribution came on day one, when $564B in volume accounted for more than half the total. Activity eased over the following days, but the cumulative volume still pushed past $1T. Across 1.35M trades, that works out to roughly $763K in notional volume per trade.

Brent crude has closed above $100 on Hyperliquid for 12 straight days, its longest uninterrupted run above that level in the available data since July 16. The Oct 12 close was $103.17, up 31% from $78.82 on Aug 4. What started as a move back above a key price level has now held for nearly two weeks.

Stablecoin flows are diverging: USDC redemptions reached $871M in a week, while USDS and USDD added a combined $514M in net issuance. Capital isn't leaving every stablecoin equally. The bigger question is whether issuance keeps rotating toward USDS and USDD or this week's split reverses.

$129.53M in volume flowed through entropy.io's builder code over the last 7 days, up 2.9x from the previous week. The bigger shift is where that volume is going. Flow into xyz markets jumped from $790K to $23.9M, roughly 30x, while the share routed outside entropy.io's own markets climbed from 6.4% to 32.7%. xyz is becoming a much bigger destination for entropy.io's flow, even as its own markets remain the largest source of activity.

$8.6B in tokenized gold moved between wallets over the last 30 days, and XAUt accounted for 81% of it. Tether Gold transferred $6.96B, up 88% from the previous 30-day period. PAX Gold went the other way, falling 19% to $1.34B. The gap has widened fast. XAUt moved 2.3x PAXG's volume in the previous period. Now it moves 5.2x as much. Onchain gold is increasingly dominated by one ticker, and the transfer data shows just how quickly that lead is growing.

$1.33B. USDY just hit its highest market cap in a year, up from $425M at the end of October 2025. Growth has accelerated since August, with market cap rising roughly 20% from $1.11B. Supply has climbed alongside it, pointing to new issuance as a major driver. On BNB Chain alone, USDY grew from just $19K in August to $98.6M today. Meanwhile, OUSG has moved in the opposite direction, falling from $187M in late July to $134M. Ondo's two Treasury products are taking different paths. USDY keeps expanding while OUSG contracts, making their supply trends worth watching.

409,153 daily active wallets hit Arc on September 16, up from just 10,853 the day before. But the spike didn't last. By October 11, daily active wallets had fallen back to around 22K, down roughly 95% from the peak. The bigger picture is more interesting: weekly active wallets remain roughly 400x their July levels. The daily spike has faded, but activity across the week is still far above where Arc started.

FXIOn's market cap grew from $21.6K in July to $2.44M, while $15.8M in tokens were minted over the last 30 days, the third-highest amount across roughly 450 Ondo tickers. The gap between its initial size and recent mint activity points to growing interest in tokenized China exposure, though sustained issuance will matter more than a single month's activity.

$100M in daily STRK volume, up 1,150% WoW and 12.2x its daily average. Volume stayed subdued through most of September before accelerating sharply in October. The move coincides with Starknet's new strkBTC incentives, the v0.14.4 upgrade, and its announcement that it is transitioning toward an independent, quantum-resistant Layer 1. STRK has now reached a nine-month price high, but the question is whether this surge in trading activity can hold beyond the recent catalyst-driven rally.

200K contracts were created on Ethereum in a single day, up 151% WoW and 3.5x the daily average. The surge followed a major liquidation wave that wiped out roughly $1.1B in leveraged positions on Oct 8. By Oct 11, contract creation had climbed to a new 30-day high as ETH gas fees fell to 0.0673 gwei, making deployment cheaper. The timing suggests developers and onchain activity returned as network costs fell, although the data does not establish a direct link between liquidations and new contract deployments.

Robinhood Chain contract deployers fell 11% WoW, while contracts deployed dropped 16%. The decline follows the end of Robinhood's 90-day gas subsidy on September 29. Since then, chain fees have fallen 31% WoW, while daily transactions dropped 42% compared with mid-September levels. The pullback is showing up across multiple activity metrics, suggesting Robinhood's post-summit slowdown extends beyond contract deployment alone.

467K trades hit NEAR on Hyperliquid in a single day, setting a new 30-day high. Trade count is up 52% WoW, with volume rising 40% and fees climbing 36%. Activity has accelerated again after the early-October pullback, pushing NEAR to the top of the 397 assets scanned by trade count. With NEAR spot trading now live on Hyperliquid and a US spot ETF beginning to attract inflows, the question is whether this renewed activity can hold.