Polygon and Hyperliquid Are Printing Receipts While ETH and SOL Get Dumped Into the Sunset

Well, well, well, looks like the cryptoverse had itself a little spending spree this week, and the blockchain neighborhood has its usual suspects hoarding the toys while others get left out in the cold. On-chain data dropped the receipts, and let's just say the capital allocation committee has been making some... interesting choices about where to stack the sats.

Layer-2 networks and those scrappy alternative blockchain ecosystems decided they wanted to be the main character this week, absolutely dominating the inflows leaderboard like they had something to prove. Here's your weekly installment of who's buying the dip and who's gently placing their bags on the sidewalk:

Top Inflows:

• Polygon PoS – $117.33 million
• Hyperliquid – $112.11 million
• Base – $23.70 million
• Ink – $15.62 million
• Injective (INJ) – $8.62 million
• BNB Chain – $2.57 million
• Sui – $106,000

Biggest Outflows:

• Arbitrum – -$115.49 million
• Ethereum (ETH) – -$62.72 million
• OP Mainnet – -$36.31 million
• Solana (SOL) – -$34.26 million
• Sei Network – -$14.51 million
• Berachain – -$5.02 million
• Avalanche C-Chain – -$3.30 million
• Starknet – -$3.28 million
• Unichain – -$2.27 million
• WorldChain – -$763,000

So Polygon PoS and Hyperliquid are basically the cool kids at the party rn, printing money like they're running a mint, while Ethereum and Solana are watching their liquidity walk out the door with someone else's suitcase. Meanwhile, some ceasefire news between Israel and Lebanon hit the tape, and Bitcoin decided to flex above $72,000 like it has somewhere better to be.

*This is not investment advice. If it were, I wouldn't be writing this for free.