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In a podcast update, the host details 8 Chain’s August growth metrics and infrastructure priorities, urging listeners to "ignore the noise" as the chain keeps expanding.
- Total value on 8 Chain rose by ~$1.3M vs July, with ~2M more 8 coin locked in protocols.
- Stablecoin market caps grew by ~$125K, driven by a migration from APUS to USEC for better rates and composability.
- Active addresses jumped 60% in August compared to all of July, though transaction volume dipped slightly after four months of growth.
- 8 coin became a top-10 OSP on Layer Zero, with most inflows coming from Robinhood and Base, while Arbitrum and Solana are losing 8 coin to 8 Chain.
- The team is prioritizing infrastructure modernization, revenue model sustainability, improved bridge routes, lower slippage, and better stablecoin liquidity.
- Upcoming chain upgrades aim to make the network faster and more modern, setting the stage to boost transaction volume again.
Conclusion: Stay focused on infrastructure and better bridging, and watch for upcoming upgrades to drive the next growth push.
转写文本
Take it take it take it spend so take it. What's up guys?
Yeah, yeah, I missed you. I don't know if anybody ever says that here. No, you can't say that you have to say I miss you man
All right, I miss you man
He's just getting up for guy damn read a man you belong
I've been up for hours
What's going on you want to hear you want to hear latest 8.8 channel that kind of stuff? Yes of course
All right, you got you want to you want to start with numbers? You want to start with what's going on?
Do you think numbers numbers numbers new partners in the weather report current? Yeah, all right, so
Bear with me for a second because I'm gonna throw a lot of numbers at you basically where he chain is right now
What's going on with eight point cross chain all that kind of stuff so?
You know, it's it's August and I think like
You know, there's been obviously a lot of narratives and all that kind of stuff around Robinhood and things like that
But what's actually happened is this you know, there's been about
Let's see about
Hold on I've
I've been wrote this down and now I can't read my own hand writing
That's weird. So I'm just gonna make something not not gonna make something up
So it's been about 1.3 million dollars worth of
Total value
on eight chain more than July so total values up
There's about two million more eight that's locked up in protocols on eight in eight coin on eight chain than July
So those numbers are growing are stable coin market caps. There's about a hundred and twenty five thousand dollars more
Stable coins in August then there were on July and a lot of that has to do with we've been moving from APUS to USEC
Which is easier you get better rates on it's more composable. So that's been a big effort
There's about 60% more addresses in August than there were in all of July
You know, the truth is a transaction volume is a little bit down this month on eight chain
If you can talk about it if you want to but that's after like four months of growth
So you know, that's something that we know about we want to help solve but that's kind of the one little negative and then
You know also eight coin right now over the last three days is a top 10
OSP on layer zero
So it's one of the top 10 most transfer tokens across chain
If you go and you look at it most of the inflows are happening yes Robinhood
To eight chain to be in B which is always really popular for eight coin
The chains that are losing eight coin and getting transferred over are Arbitrum and Salana
I think those both make sense, you know, I think that Arbitrum is an easy place to get eight coin and to bring it over to a chain or Robinhood
I think that a lot of the action and people who are holding eight coin on Robinhood who might be more in kind of the
Mean coin trenches and things like that want to go over to Robinhood there. That's a very popular route
But overall, you know, like I would say ignore the noise or still growing we're growing at a good pace
You know, we want to see things unleashed but that's kind of the weather and the numbers
You know and happy to talk about those and kind of get into those obviously in terms of like what we're doing
Over you know on the chain into the eight point side
You know, there's a couple of things one is
You know since we kind of got
Into the transition where we kind of start to go under UGA and be a line more closely and working more closely with the team there
You know a lot of it has been like all right. Let's sit down and really think through the infrastructure
The revenue models how eight chain works and can be sustainable more seriously
You know, and sort of run it really a lot more like a business, right?
Which is great obviously and so you know a lot of the work on our side
It's not necessarily been or am I slightly it hasn't necessarily been a lot of the flash yourself
But we've been concentrating on
um
Plusting up the infrastructure getting more modern
token terminals more on that kind of stuff soon
In working on the cost chain routes making it so that when you try and bridge to and from eight chain you get less slippage better rates more routes
It's easier to get on to eight chain
um
You know making sure that things like the stable coin situation that I talked about before fixed making sure that liquidity layer looks better
On eight chain and is more accessible
And then you know, obviously like there's all the great stuff that's happening with eight church, right?
All the great stuff that's happening with other side
You know bringing in kind of just setting the stage to then kind of make the next push on
More cool stuff and getting kind of the transaction volume back up on eight chain
That's kind of the next step here, but a lot of it has been kind of taking a step that I can say I'm like all right
How do we make sure that the infrastructure is modernized?
There's a lot happening that will announce around chain upgrades
Coming up as well make things faster better more modern
um, and then you know, I think it's also
um
You know stuff about
Kind of controlling more of the infra and controlling
More of the different ways that we can kind of
Generate revenue through a chain point and then pump that back into the ecosystem. You know into builders and everything like that
So you know things around just operating more of the infrastructure in a way that you know is more developer family
But also in a way where you know, we can control more of it and bring it back into ecosystem rather than necessarily
um
wasting
Some of that on third party partners and things like that. So you know, we'll have a lot more about that soon
I know I'm being a little vague here, but it's mostly just because
You know lost is on here and will slap me down if I leave things
So it's his fault going yellow at him, but yeah, that's kind of where we're at, you know
I know it's it's sort of still like we're getting out of this transitionary time starting to build now and
That's where we are now
All right, I'll shut up
Yeah, fuck man, there was a lot of stuff you guys are actually working. I thought you were sleeping Spencer. I thought you were just working playing
Golf all day
But my
You guys are working you guys are working like suppressive suppressive loss
You hear you need to
Save
Lost
Yo, I tried to take that co-hosted by two
I don't have my microphone right uh right here plugged in so I don't I don't know how this is gonna hit you
Hit your speakers. I actually might break my phone here. I don't know if this is even if it's it's kosher for my phone
It's like this is an iPhone 13. So you had your fit
What was that holy shit she was Mickey Mouse
Yo, I'm screaming into the bottom of my phone here, bro. All right. Yeah, let's say you
I mean
Hey jeez, Paul welcome back. Thank you for co-hosting
I wonder who was
Is there a ghost in the house who was that
I'm so sad to be grow hearts from that one boys
pause
pause
Come on now
How you guys done this fine Saturday you guys?
You spent I missed y'all man
Yeah, I heard Spencer was giving out some some good out to up here
I just came out what's going on you guys listening right you paying attention
No, they weren't listening that I actually didn't know I thought he was playing golf all day and he comes
He's he drops he drops a million things they're doing and the all the shit that's happening with the ape coin
We warned you guys yesterday
audition
Yeah, it's coming it's coming
How are you? You spot you back?
I'm back
I'm back like I never left
All right, my man welcome back welcome back with miss you man
No, let's go through I guess we go to
Ladies first I guess and our lovely
fellow ape
Oh, I'm James what's up mj
Hi
It's been a long time. I feel like this is one year ago right now
So good to be back on the spaces. I don't know if that's a good thing or a bad thing mj
Why why you been because you like you've been cooking and you don't tell us anything until we see it pop up on our timeline
But you're doing weirdos
You're such a weirdo and
I am I am because this is my thing
I start working on a project and then I forget about everything is and then I realize that I have to do marketing and this time
I was like okay, I'll do it perfectly last time with bags. I was lacking this only and this time I tried really high and
I
I think we are doing the very cool project though. So I'm happy about it
So how's the mid go actually first can you pin something to the top with the mint page and everything if you have it
Yeah, let me do it just a second
Actually, I've forgotten house pieces work now
Like how do I pin it? Can I share it with you in DM and you can pin it?
Yes, I'm the send it
Yeah, I've sent reader. I think I've figured out
No, yeah, I sent reader in the DMs
Reader you got it I got it. I got it. I got it
Reader you alive what the hell what you want bro?
Oh
It's so bad. I forward how to pin the tweet
No, no, it's since the last time you were here
Change how do you pin the tweet? That's why so tell us more. Tell us more and Jake tell us more
So we are those is basically you will have 3333 characters
They are in a society and we have built this society on change
So it's not like we have a lore or something. It's actual on-chain dynamics. We have said
So there are people like we are trying to mirror how real world plays with influence like there are people who are
influential and then they motivate people to do something like they wish or like let's say
Be a I see and then there is Pudgy there are two curts
There are people who are like creating influence and there are then people who question it
And then there are people who follow them and like they spread it as well
Like if you follow one side of the story you spread it
So this kind of dynamic this is a very invisible dynamic in real world. We try to put it in
A collection that's visible
So what people can do is um
They're rare traits and they can influence other NFTs and then those NFTs can influence other NFTs
And this is a dynamic here like trying to
Do with this collection
So currently I think people just saying that it's a cool art project
But there's so much more behind it that we will reveal on Monday
Any interesting mechanics you usually have some fun stuff do on-chain mechanics and stuff
Anything with this happening
Yep
So basically people can change each other's NFTs
Like it won't be a very visible change. It's like a bad round change or something
But that way people will know that they are belonging to this cult or something
Like this is what we are doing
Oh, and how's the mint going?
It's going really bad to be honest because we had really great marketing
Like we were trending for like mint and one day before
And then it coincided with our regt mint
And if we didn't get any such hype after that
Come on, but you're just okay, you know how to grind these men
So you would be here before we've been here before
You got to see Got to Sanjay and you've got a lot of great supporters
One of them be rated down there
He was bullying me all the time to post stuff
So you got a great network of people helping you out
So no, I think you got this
Exactly, this is what I was saying to be rated too
Like this is the thing I'm good at
Because I mint a project and then I talk about it
This is my thing
So it's very comfortable for me right now
Now you're always welcome here on our spaces
We only do it on Saturdays but you're welcome here to grind it out
Hopefully by next Saturday we'll be here at Mint Out
You already revealed them correct
Yes
Now anyone who wins it gets a real dollar
And what it's public stage now or is it still a first conference serve
It's public now
Okay, okay
Yeah, so everybody
Okay
Yes, go for it
I'm not sure if you confirmed this or not
But I think maybe you mentioned there's a possibility of them coming with other side avatars
Right?
In some time in the future or no
Yes, I plan to because I really wanted one
Vitalian on this side and I think this collection will make one at least one full of
Say I plan to
Yeah, we got it send them over
Let's do some female ones
There's not enough female avatars on other side
So let's get some females in there
Lovely I said you I'll DM you
And then I spam your DM with all the requests
Yeah, no problem no problem
Because Be really just gonna harass me anyway
So it's fine it's fine
I sent him an invite to come and help you and speak
But he doesn't like you enough
I don't know what's his problem
So yeah
He's shopping right now
Yeah, deal with him later
Yeah
No, no, everybody if you don't know MJ
She's a she's a great builder. She's an ape
She's been an ape. She's an OGA. She's been an ape for a for a while
And she
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