From Liquid Staking to DeFAI: Injective’s Primitives Write the Future
I maintain a close study of decentralized systems, searching for architectural genius. Most Layer 1s, I find, are assembled from standardized kits; they keep the time, but lack the precision of a true instrument. Injective, however, belongs to the realm of horology: a complex, bespoke mechanism where every gear, every primitive, is designed not just to function, but to interact with the next with flawless, deliberate timing. It is this rare engineering clarity that compels me; Injective isn't simply running a protocol, it is the composer of new financial kinematics, charting movements no other chain can execute. Every time I come back to study its latest evolution, I get the same feeling: this chain doesn’t just add features; it scores movements in a larger financial composition that’s still unfolding. And today, the movement that keeps echoing in my head is how Injective has quietly transformed its base-layer primitives into instruments for a new financial era, one where liquid staking merges with DeFAI, where execution isn’t just fast but expressive, and where developers finally have the room to build systems that behave like living architectures rather than constrained scripts. The First Note: Liquid Staking as Structural Foundation Most chains treat liquid staking like a liquidity trick, something you implement because the market expects it. Injective treats it like form and function, the opening chord that supports every subsequent arrangement. On Injective, liquid staking isn’t simply a derivative on top of a validator set; it becomes a programmable financial primitive. Developers can embed staking yield into new automated strategies, recycle block rewards directly into multi-venue execution layers, or even feed staked assets into AI-driven controllers without touching the underlying security assumptions. It feels less like a token wrapper and more like a gravitational field. Everything that enters orbit gains stability, consistency, and predictable yield flows to power whatever logic you build next. Where the Score Thickens: The Rise of DeFAI If you’ve spent any time watching attempts at “AI-powered finance” across other chains, you’ve probably encountered the same brittle pattern I have: models that need perfect conditions shoved into environments that offer anything but. Latency cracks the strategy, blockspace ruins the timing, and the on-chain environment itself behaves like a stubborn metronome that refuses to adjust. Injective is one of the few ecosystems where DeFAI feels like a natural extension rather than a forced narrative. The combination of MEV resistance, sub-second execution finality, and cross-venue messaging creates something most chains never achieve: a canvas where algorithmic logic and financial intent can breathe. AI agents can actually respond to market structure instead of fighting it. Multi-source data shows up clean. Execution doesn’t slip. Strategies don’t suffocate under throughput limits. It’s the first environment I’ve seen where an AI agent can act like a true participant, observing, reasoning, reacting, not a tourist waiting for the next bus block. The Injective Signature: Primitives That Behave Like Instruments What makes Injective distinct isn’t the number of features; it’s how consistently each new primitive feels like part of the same orchestra. Liquid staking becomes yield-aware collateral. Orderbook infrastructure becomes the timing engine for AI strategies. MultiVM execution becomes the auditorium where EVM and CosmWasm express different styles without drowning each other out. Interoperability becomes the bridge that lets external liquidity join the performance without breaking tempo. The more of this I observe, the more it feels like Injective designed these primitives not as technical obligations, but as instruments a future composer might need to build entirely new forms of decentralized finance. In a sense, the chain is pre-scoring tomorrow’s movements. The Crescendo: When Everything Converges Imagine this: a future where your staked assets are constantly productive, not idle; where AI agents can operate on-chain with the same precision as high-frequency models; where structured financial engineering, hedging, rebalancing, arbitrage, risk-shifting, happens automatically in a multi-venue environment powered by a chain fast enough to support it. That isn’t speculative vapor. On Injective, the scaffolding already exists. You can almost hear the next movement forming. And That’s the Point Injective isn’t just building new features or chasing new narratives. It’s composing a financial language whose grammar is speed, whose tone is structural clarity, and whose melody is programmable liquidity that keeps evolving. From liquid staking to DeFAI, every primitive is a note written with intention. And together, they point toward a future that feels less like an industry trend and more like a score being written by a chain that understands the rhythm of markets better than most participants. Because some chains innovate. But only a few compose. @Injective #Injective $INJ
How Lorenzo Protocol Uses Defined Structures to Decouple BTCFi from Market Volatility and Hype
There’s a moment in every cycle when Bitcoin stops behaving like an asset class and starts behaving like a gravitational field. Everything bends toward it—liquidity, narratives, speculation, even the so-called “innovation layer” that claims to transcend price action but still panics every time BTC makes a 3% candle. And this is exactly where most BTCFi systems fail: they inherit the reflexive, hype-driven nature of Bitcoin’s market without inheriting its resilience. What drew my attention to Lorenzo Protocol is that it takes a completely different route. Instead of trying to outperform volatility, Lorenzo reorganizes the infrastructure of Bitcoin finance around defined, structural primitives—so the system isn’t hostage to whatever the market is feeling this week. It’s almost countercultural in BTCFi, where hype cycles usually dominate engineering cycles. Let me break down why this matters. Most BTCFi products are built on assumptions like “liquidity will come later” or “volatility will pick back up.” Lorenzo rejects these assumptions and replaces them with explicit operational structures—vault logic, clearing mechanics, asset segregation, deterministic payout curves. These structures aren’t cosmetic; they dictate how value flows and who can affect it. By anchoring the system to deterministic engineering instead of social sentiment, Lorenzo achieves something rare for a Bitcoin-based protocol: user outcomes depend on design, not vibes. When the broader market gets euphoric, Lorenzo’s structures don’t magically expand. When the market collapses, the structures don’t contract. They simply execute. That execution-first approach is what decouples function from mood. Anyone in crypto long enough knows that “vault” is one of the most abused words in the industry. But Lorenzo’s vaults are not narrative containers—they are discretionless financial modules, each with a clearly defined risk envelope and settlement pathway. The protocol uses these vaults to create predictable BTC yield routes that don’t require momentum traders, high implied volatility, or artificial incentive emissions. This is how Lorenzo sidesteps one of the biggest traps in BTCFi: reliance on speculation to justify APY. Instead of selling hope, the protocol sells structure. Users don’t have to ask: “Is the market risk-on this week?” “Is the hype cycle peaking?” “Will liquidity dry up if BTC chops sideways?” The vault parameters already define the boundaries. The result is boring on purpose—because good engineering often is. Lorenzo integrates multi-venue execution logic not as a feature but as a foundational principle. This matters because Bitcoin liquidity is fragmented, slow, and often emotionally driven, especially during macro volatility. By standardizing multi-venue interactions into predictable OTF-like modules, Lorenzo effectively removes the “market mood” from execution. The protocol does not rely on: volatility spikes, narrative-driven flows, or retail enthusiasm. It relies on infrastructure, not sentiment. This is exactly how traditional finance isolates structured products from daily noise and Lorenzo brings that discipline into BTCFi without diluting Bitcoin’s ethos. @Lorenzo Protocol #LorenzoProtocol $BANK
This trade showcases an exceptional display of market conviction by the prominent trader BitcoinOG (1011short). Following a significant $ETH price appreciation, the holder made the calculated decision to increase their long exposure rather than securing immediate profits.
The current scale of the trade is substantial, with the position holding precisely 85,001 ETH. This amount represents a total position value exceeding $280 million USD. The immediate success of this strategy is confirmed by an unrealized Profit and Loss (PnL) figure surpassing $16 million USD.
This high-leverage maneuver solidifies the view that large-scale institutional players maintain an aggressively bullish outlook on Ethereum’s price trajectory. The trade is a clear indicator of sustained confidence among major capital allocators.
Corporate investment in Bitcoin treasuries has seen an unprecedented expansion, signifying a major shift in asset strategy. Since January 2023, the combined holdings of public and private companies have surged, jumping from 197,000 BTC to a massive 1.08 million BTC.
Such a volume increase translates directly into an explosive ~448% growth in capital allocation towards the cryptocurrency. Leading companies across various industries are driving the trend, systematically integrating BTC into their reserves as a strategic move to preserve value.
This sustained accumulation confirms that corporate balance sheets are rapidly transforming into a significant and foundational pillar of demand for BTC. Institutional adoption is cementing Bitcoin's role as a key reserve asset in the modern global economy.
Who Verifies the Verifiers? APRO’s Adaptive Intelligence and the New Imperative for Data Security
Stop treating your assets and your decisions as an experiment. The decentralized economy is now real, and if we are to trust it with critical value, the standard for verifiable truth must be raised immediately. This is why the industry needs APRO: a platform that elevates security from an option to an absolute. Over the past few months, I’ve been watching the industry try to evolve beyond its old oracle design: passive relays, fragile trust assumptions, and data pipelines that often feel like they’re held together by optimism instead of architecture. And while most teams talk about “scalability” or “throughput,” very few want to confront the uncomfortable truth: Blockchains don’t fail from congestion. They fail from corrupted data. That’s why APRO stands out. It doesn’t just deliver information; it interrogates it. It behaves less like an API and more like a thinking organism [one that has no patience for ambiguity, distortion, or manipulation]. APRO isn’t just building an oracle. It’s building a refusal to accept compromised truth. The Problem Everyone Sees, But Few Want to Name The industry’s dirty secret is that most “on-chain” decisions are still anchored in off-chain data environments that are fundamentally vulnerable: feeds that can be delayed or censored sources that can be gamed or incentivized toward misreporting signals that change too fast for static oracles to evaluate systems that assume attackers won’t exploit the soft edges between platforms In an era where MEV bots read markets faster than humans can blink, relying on static data pipelines is basically an open invitation to adversaries. So the real question becomes: Who verifies the verifiers? Most teams answer with silence. APRO answers with adaptive intelligence. APRO’s Core Shift: From Data Delivery to Data Judgment What makes APRO different isn’t the architecture: it’s the attitude. This is an oracle that refuses to treat every dataset as equal and refuses to pretend every source is honest. Instead, APRO uses AI-driven validation layers that perform: behavioral analysis at the source level cross-environment triangulation to detect inconsistencies pattern recognition to flag manipulation attempts dynamic weighting that rewards long-term signal integrity continuous retraining, because the adversary never stops learning APRO is built on a simple, almost aggressive belief: If data is going to matter, it must survive interrogation. And that interrogation happens in real time, across thousands of micro-signals, before anything is allowed on-chain. This is not an oracle that trusts first and questions later: it questions before it even considers trusting. Why This Model Matters: Blockchains Are Becoming Decision Machines Across RWA, trading engines, SocialFi networks, prediction markets, and autonomous agent systems, blockchains are no longer just ledgers: they’re decision-makers. They decide: who liquidates which collateral is valid how reputations evolve what trend is real who gets paid which event actually happened And these decisions are irreversible. In that environment, a single compromised dataset is not a glitch: it’s a systemic failure. Real-World Consequences: Where Data Security Failed To understand APRO's necessity, consider how data manipulation translates into financial loss or systemic instability in real scenarios: The Flash Loan Attack (DeFi): An attacker exploits a market gap or slow oracle update to briefly inflate or deflate a token price. A static oracle, receiving a seemingly valid but manipulated price feed, triggers massive liquidations or issues bad debt. APRO's AI detects the rapid behavioral change and cross-references the signal with un-manipulated off-chain liquidity indicators, flagging the anomalous price before it goes on-chain. NFT or Gaming Asset Valuation: In a dynamic game economy, the value of an in-game item (like land or a rare skin) might suddenly drop due to an exploit or bot farm activity. A traditional oracle might blindly take the floor price. APRO’s pattern recognition flags the sale volume spike and source concentration, ensuring the asset's value for a collateralized loan is protected from sudden, synthetic market shocks. Real Estate Tokenization (RWA): A tokenized real estate project relies on quarterly appraisal data from multiple independent firms. If one firm attempts to intentionally over-report a property value to inflate collateral, APRO's dynamic weighting would recognize the outlier data point, compare it against historical trends and local market indices, and minimize its influence, thus protecting investors from fraudulent collateralization. Verifiable Randomness in Lotteries: For blockchain-based games or high-stakes random draws, true, un-manipulable randomness is essential. A traditional oracle is susceptible to front-running or prediction. APRO's Verifiable Random Function (VRF) ensures the random number generation process is transparent yet unpredictable, guaranteeing provable fairness that cannot be gamed by malicious actors. This is why APRO’s approach hits with a different weight: it treats each piece of data as a critical decision point, not a datapoint. When the cost of error is permanent, truth has to become a hardened asset. The Impact: Closing the Door on Corruption at the Protocol Layer APRO introduces something the industry has been missing: a protective intelligence layer between the world and the chain. This changes the dynamics entirely: Manipulators can still try, but their patterns get recognized. Faster attackers emerge, but the model recalibrates. Signal providers misbehave, but their weight decays automatically. New datasets appear, but only the verifiable ones survive. Instead of a brittle oracle you integrate and pray for, APRO becomes a continuous process: a living verification engine that grows sharper with every cycle. This is how corruption gets closed out: not with walls, but with watchers who evolve. The Bigger Picture: APRO Is Redefining Oracle Culture To me, the most interesting part isn’t the tech, but the mindset shift. APRO signals a new expectation for the ecosystem: Data should be interrogated, not assumed. Trust should be earned, not granted. Verification should be intelligent, not static. Blockchain has matured enough to stop accepting “good enough” infrastructure. The next cycle belongs to systems that treat truth as a competitive advantage. And APRO is one of the first to say it out loud. This isn’t an oracle that waits for consensus. It builds it, one verified signal at a time. @APRO Oracle #APRO | $AT
Wall Street vs. Onchain Infrastructure: The Fight to Bring INJ ETFs to America’s Institutional
Wall Street vs. Onchain Infrastructure: The Fight to Bring INJ ETFs to America’s Institutional Investors. The first time I realized how mismatched the two worlds are, Wall Street’s marble hallways and the raw, permissionless machinery of onchain rails, was while watching a panel of legacy asset managers discuss “crypto exposure” with the same tone you’d use when describing an unfamiliar spice. They spoke carefully, cautiously, as though proximity alone could combust something. Meanwhile, on the Injective side of the universe, engineering teams were shipping new financial modules faster than most ETF issuers could finish compliance paperwork. That contrast is the heartbeat of today’s story. The push to bring an INJ ETF to U.S. institutions isn’t just another product proposal. It’s an ideological collision between a system built to minimize evolution and a chain built to accelerate it. If you zoom out, Injective has been building the kind of infrastructure that traditional markets always wished they had but could never admit: execution without congestion, blockspace that behaves like a high-frequency venue, and a multi-VM environment that lets financial primitives grow organically instead of being hardwired into bureaucratic frameworks. This isn’t “crypto exposure” in the Wall Street sense. It’s a direct line into a new category of financial terrain, one where market structures aren’t just redesigned, they’re rewritten at the pace of discovery. That’s exactly why institutional eyes keep drifting toward Injective. Not because it’s trendy. Not because the ticker moves. But because the chain functions like a modern exchange, only unencumbered by all the things that make modern exchanges feel dated. This institutional curiosity has already translated into significant capital commitments, notably the nine-figure digital asset treasury established by partners like Pineapple Financial, underscoring that infrastructure valuation is already happening outside of regulatory frameworks. Wall Street’s dilemma is almost poetic: the infrastructure they need is emerging faster outside their jurisdiction than within it. What keeps this whole conversation interesting is the mood inside U.S. ETF circles. You can almost picture two parallel rooms: Room One: ETF issuers mapping out what an Injective product would look like, noting how its onchain orderbook rails mirror the precision of traditional venues, how the chain’s deterministic finality reduces tail risk, and how its ecosystem, from AI-driven execution networks to RWA marketplaces, keeps expanding with unnervingly consistent momentum. Room Two: Regulators still trying to reconcile the idea that something as fluid as Injective’s modular architecture could be wrapped inside the rigid compliance skeleton of a listed product. The distance between these rooms is exactly where the tension lives. Injective doesn’t wait, and Wall Street doesn’t hurry. What makes the $INJ ETF narrative feel fresh today is that institutions are no longer approaching it from a speculative angle. For many, Injective has quietly become a structural asset in their internal models, a representation of where financial engineering is actually happening. An ETF wouldn’t introduce them to Injective. It would simply let them formalize what they already understand: the next generation of liquidity infrastructure is being built on a chain whose design doesn’t rely on legacy compromises. And that’s the part that Wall Street is struggling to metabolize. Because an ETF is supposed to package an asset, not acknowledge a shift in power. Eventually the approvals will come, not because regulators have a change of heart, but because the gravitational pull of onchain finance becomes impossible to shrug off. The institutions that once dismissed these networks are now benchmarking them. The desks that once hesitated are now modeling their liquidity. And Injective? It just keeps expanding the frontier, block by block, in a way that makes the ETF debate feel almost outdated. When the first INJ ETF finally hits U.S. markets, it won’t be celebrated as crypto’s victory over Wall Street. It will feel more like Wall Street quietly admitting what the onchain world has known for years: the center of financial innovation has already moved. @Injective #Injective $INJ
Sustainable Data Pipelines in a High-Throughput World: APRO’s Model for Green Oracle Infrastructure
Today I’m studying APRO through the lens of its emerging role as a "green oracle layer." This perspective moves beyond the superficial marketing of sustainability and looks at the deeper architectural meaning: systems that waste less, process smarter, and scale without burning unnecessary computational fuel. ___________________________________ Few elements in blockchain infrastructure are as invisible yet as decisive as data pipelines. Every price feed, every verification, every cross-network signal travels through channels whose real cost, including redundant computation and congested blocks, is often overlooked. Traditional oracle models have long accepted these inefficiencies as a necessary tax for security. The operating assumption was always the same: if you want trust, you must pay for it in heavy computation. APRO approaches that assumption from a completely different direction. Instead of trying to brute-force trust with repeated on-chain execution, APRO designs a pipeline where intelligence resides off-chain and verification is firmly anchored on-chain. The blockchain is reserved for what it does best: verify, finalize, and permanently anchor truth. This hybrid model is not merely a cost-cutting measure; it is a discussion about architectural integrity. It strategically leverages the strengths of both environments, protecting the expensive, scarce blockspace resource while utilizing off-chain environments for heavy computation, a necessary maturation step for high-frequency decentralized applications. Quietly, this single choice shifts the entire energy profile of oracle infrastructure. The significance of this shift becomes clearer when one examines how APRO’s hybrid nodes operate. They combine the flexibility of off-chain computation with the cryptographic assurances of on-chain verification. Data aggregation, risk checks, and model-driven logic no longer need to clog blockspace; they run externally. Meanwhile, proofs and commitments, which are lightweight and tamper-resistant, flow into the chain. Energy-intensive redundancy is thus replaced by surgical precision. Network congestion gives way to clean, efficient throughput. Imagine the traditional oracle system as a city running every streetlamp, every air conditioner, and every factory at maximum power 24 hours a day, regardless of demand. APRO, conversely, installs smart sensors and adaptive grids: it only activates resources precisely where and when they are needed. This elimination of the "ghost load" is the quietest, most profound contribution to computational sustainability. APRO’s structural sustainability also reveals itself in its communication management. Instead of relying on a single, monolithic transport layer, APRO implements a multi-network communication scheme. This specific design prevents outages from turning into resource-wasting loops. Packets do not endlessly retry, and nodes do not stall. The system actively avoids those hidden inefficiencies that silently accumulate over time and multiply energy usage across decentralized networks. A further telling feature is APRO’s TVWAP-based price discovery mechanism. Time-weighted valuation reduces noise, suppresses manipulation, and streamlines validation cycles. This means the network doesn’t have to recalculate, revalidate, and resubmit data every time the market twitches. It respects the rhythm of real markets while significantly cutting down the computational overhead traditionally required to maintain stable feeds. For developers, APRO’s customizable computing logic effectively becomes a form of "energy governance." Instead of forcing applications to run one-size-fits-all verification scripts, APRO allows them to define exactly the logic required. No redundant work. No generic pipelines. Only the specific, necessary computations are executed. In ecosystems where millions of interactions occur daily, this is a structural reduction in long-term computational load. In the broader arc of blockchain evolution, this is profoundly significant. Sustainable oracle design isn't about making infrastructure "eco-friendly" in a literal, narrow environmental sense. It’s about building systems that truly understand the economics of computation and the reality that high-throughput environments cannot afford to waste cycles on work that machines no longer need to perform. This leads to a compelling analysis of market viability. The TCO (Total Cost of Ownership) advantage offered by APRO's efficiency provides a crucial strategic differentiation. It not only reduces gas fees for individual users but also establishes a model where the network's capacity scales primarily based on intelligence, not brute force. This positioning makes APRO the mature, future-proof choice for institutional adoption, where predictable costs and resource efficiency are paramount concerns. As APRO’s architecture matures, the network begins to resemble less a traditional oracle service and more a blueprint for how data should move in a decentralized economy. It is lightweight, verifiable, efficient, and capable of scaling without turning computation into an unbounded cost center. And on a personal note, studying APRO’s progression feels like watching a protocol that understands where the next phase of blockchain infrastructure is headed. That direction is toward systems that prioritize clarity over noise, verification over brute force, and measurable efficiency over performative decentralization. This isn’t about replacing the oracle models we know; it’s about revealing what oracle networks look like once they are rebuilt around true sustainability, encompassing architectural integrity, computational efficiency, and long-term infrastructure health. APRO is simply drawing that map first. @APRO Oracle #APRO | $AT
Why Lorenzo’s Vault System and BANK Governance Bring Peace of Mind to On-Chain Asset Management
What if the fundamental objective of decentralized finance shifted from optimizing raw yield to achieving complete structural confidence? Against a digital backdrop persistently defined by chaotic market swings and opaque mechanisms, the Lorenzo Protocol emerges not merely as a platform, but as a critical architectural necessity. It avoids the experimental noise, choosing instead to elevate established financial frameworks onto the blockchain, transforming volatility into structural certainty. This commitment to predictable, verifiable design defines the protocol's core promise to every user. The protocol delivers this promise through structural coherence, rooted in two fundamental anchors: the vault system, which provides mechanical order, and BANK governance, which ensures committed direction. The entire system is engineered to feel less like a speculation engine and more like a deliberate, stable environment where capital executes its purpose flawlessly. This stability finds its foundation in Lorenzo’s vault system, an engine meticulously engineered to translate operational complexity into entirely legible investor outcomes. The architecture logically segments strategies into Simple Vaults—offering transparent, singular exposure—and Composed Vaults, which function as institutional-grade capital aggregators mirroring sophisticated multi-strategy models. These are not mere digital containers; they are auditable engines, guiding capital by predefined logic and liberating the user from the burden of constant micromanagement. The resulting dynamic is profound: structure ultimately defeats market uncertainty. The reach of this robust vault architecture is achieved through On-Chain Traded Funds (OTFs), the protocol’s signature innovation. OTFs are essentially tokenized strategy exposures: inherently liquid, composable, and instantly accessible. They represent the effective democratization of advanced financial engineering, reducing the historical barriers to strategies that once required high accreditation to the simple act of holding a token. This design choice aims to expand access without ever diluting the underlying sophistication. Crucially, while the vaults define the function, the protocol’s longevity is secured through BANK governance. Locking BANK into veBANK transforms users into informed, committed stakeholders. This time-locked model actively fosters long-term commitment over short-sighted speculation, instilling a critical stability derived from structured community behavior. Functional reliability is thus seamlessly aligned with responsible governance. Lorenzo’s lasting contribution is its success in guaranteeing structural integrity amidst perennial market chaos. The platform’s ultimate value resides not in singular features, but in the seamless coherence of its system. Lorenzo’s ambition is not to supersede traditional finance outright, but to refine its essence: simplifying complexity and delivering it on chainwith an unparalleled transparency that older systems cannot match. In a digital environment frequently characterized by uncertainty, Lorenzo offers a rare and powerful stabilizing presence: a sense of deliberate, shared, and quiet control. @Lorenzo Protocol #LorenzoProtocol $BANK
$ETH daily transaction fees, measured by the 90-Day Simple Moving Average (90D-SMA) of Total Fees Paid per Day, have recently dropped below 300 ETH per day. This metric has not registered such a low level since July 2017, confirming that the network has been experiencing minimal user demand and subsequently lower gas costs since early November.
$BTC price momentum has recently experienced a "reset", slipping back into full negative territory after a brief positive spark, as shown in the momentum chart where the line has dipped significantly below the zero mark in December.
Historically, this phase of negative momentum often precedes the formation of market bottoms. The key level identified for a potential reversal and return to bullish momentum is reclaiming the yearly open price, marked on the chart at $93.5K, which serves as the crucial trigger for a shift in market sentiment.
Investment entity Bitmine, associated with Tom Lee, significantly increased its Ethereum position last week by acquiring another 138,452 ETH, valued at approximately $434.74 million. This purchase boosts their total holdings to a massive 3,864,951 ETH, equating to an estimated value of $12.13 billion, highlighting a sustained, high-conviction accumulation strategy for the cryptocurrency.
Tether has just minted an additional 1 billion USDT on the Tron blockchain, successfully completing the token transfer confirmed by a recent transaction. This substantial injection has pushed the total stablecoin market capitalization on Tron above $81.2 billion, as the platform simultaneously recorded a massive surge in daily activity, with transfers jumping by nearly 60% to reach over 3.6 million yesterday.