StacyMuur

Decided to tap @OverlayProtocol's markets today
Some margin notes on whether it has potential:
• Double or Nothing = pure gambling; 15 min cycle of betting
• Very interesting design for perps (PM + perps with leverage) with exotic pairs like MYX vs. ASTER or Silver vs. Gold
• Many tradable indexes (exotic markets), like Elon Mask index or CZ Signals index
The leaderboard competition is still quite low, so Overlay is a very "niche" platform for now.
The potential is there though, will continue tapping heh

365,676 BTC ($24.86B) is now sitting on alternative networks.
Here's where it lives:
1. Ethereum: 176,087 BTC
2. BNB Chain: 75,863 BTC
3. Tron: 17,645 BTC
4. Base: 31,582 BTC
5. Solana: 9,981 BTC
6. Arbitrum: 8,126 BTC
7. Ink: 3,443 BTC
8. Berachain: 3,081 BTC
9. Avalanche: 3,975 BTC
10. Polygon PoS: 2,322 BTC

My quick note on the market situation ↓
$BTC is ~50% off ATH.
Most alts are down 60–90%.
Reasons:
1. Macro hit
Tariff headlines are back.
Feb 24 is the date to watch.
2. US–Iran tension is rising
That keeps oil and risk assets jumpy and adds to the risk-off mood.
3. People are selling onchain
Whales are depositing to CEXs.
Short-term holders are selling at a loss.
4. Leverage got wiped
Liquidations spiked as BTC broke the mid-64Ks.
5. DeFi is feeling it too
Total DeFi TVL is down 17.5% in 30 days: $119B → $98.5B
DEX volume is down hard on the day, around ~40%.
Meanwhile, MVRV Z-score is around