gm, builders! 👋
Here’s your roundup of April 2026's onchain news and growth insights.
Highlights
Historical Wallet Data, Solana Support, and Mobile Lifecycle Events
Multi-Anchor Flows, Dashboard Improvements, and CLI
Extra Usage, Smarter Ask AI, Top Channels, and Mobile Attribution
User Properties, Custom Labels, Audit Log, and Improved Wallet Search
DeFi Incentives and Long-Term Growth: Why Token Rewards Fail (2026 Guide)
TVL vs Active Users in DeFi: Which Metric Predicts Growth (+ 5-Signal Framework)
DeFi Liquidity Bootstrapping: What Works (2026 Guide)
DeFi Go-to-Market Strategy: 3 Key Pillars That Retain TVL (2026 Guide)
Web3 Monthly Recap
Introducing Historical Wallet Data, Solana Support, and Mobile Lifecycle Events
Formo now gives DeFi teams deeper visibility into wallet history, revenue behavior, and Solana users across their growth funnel.
These updates make it easier to understand how high-value users evolve over time, attribute revenue to specific events and channels, and capture mobile user activity automatically.
Volume and Revenue Timeseries: View how each user’s volume and revenue change over time directly from the wallet profile page. The chart shows full attribution across events, referrers, UTMs, and referrals, making it easier to identify key revenue signals and understand the history of individual wallets within your app.
Historical Wallet Data: View past snapshots of a wallet’s net worth, apps, and tokens by selecting a date from the wallet profile page. Historical wallet data gives teams a clearer picture of how users’ onchain activity and portfolios have changed over time.
Solana Wallet Profiles: Formo now supports Solana wallet addresses alongside EVM wallets, helping teams turn anonymous Solana addresses into rich profiles with social data and token balances.
Solana SDK: Framework Kit Integration: The Solana integration now works with framework-kit and @solana/kit, supporting the newer stack that supersedes the web3.js and wallet-adapter approach.
React Native SDK: Mobile Lifecycle Events: The React Native SDK now automatically captures install, update, open, and background events following the standard mobile lifecycle spec.
Improved Slack Alerts: Slack alerts have been redesigned for better readability. Teams can also customize which event properties appear in each alert, with a live preview before saving.
Introducing Multi-Anchor Flows, Dashboard Improvements, and CLI
Formo now gives DeFi teams more flexible ways to explore user journeys, compare performance over time, and build dashboards faster.
These updates make it easier to understand how users move across your app, organize analytics workflows, and query data with more powerful SQL and CLI tools.
Multi-Anchor Flows: Flow charts now support multiple anchor steps, letting you visualize how users move through several key events instead of just one. This gives teams a more complete picture of the user journey across their DeFi app.
Compare Previous Period: Compare Overview page data with the previous time period to understand performance across consecutive windows. For example, when 30D is selected, all Overview charts compare against the prior 30D period, making it easier to spot trends and measure whether metrics are improving or declining.
Ask AI Dashboard Creation: Ask AI can now create entire dashboards from a prompt. Describe what you want to track, and Ask AI will generate a complete dashboard with relevant charts that can be saved as a new dashboard.
Reorder Charts: Reorder charts on custom dashboards to put the most important metrics front and center.
Duplicate Charts: Duplicate any chart in a custom dashboard to quickly create variations with different filters, time ranges, or breakdowns.
Move Charts Between Dashboards: Move charts from one dashboard to another, making it easier to reorganize dashboards without recreating charts from scratch.
SQL: Dynamic Date Variables: Charts now support dynamic date range filtering through template variables in SQL queries. Instead of hardcoding dates, charts can automatically adjust based on a shared date picker, making dashboards more interactive across different time windows.
SQL: Price Oracle Functions: Use price oracle functions in SQL queries to convert token amounts into USD values directly, without manually joining external price data.
Formo CLI: The Formo CLI, @formo/cli, is now available. It gives teams an agent-friendly terminal interface for working with Formo, from querying data to creating charts and more.
Introducing Extra Usage, Smarter Ask AI, Top Channels, and Mobile Attribution
Formo now gives growing DeFi teams more reliable tracking, smarter AI analytics, and clearer attribution across web and mobile.
These updates make it easier to avoid data loss during usage spikes, understand where users come from, and use Ask AI for more accurate analytics, product, SDK, and API answers.
Extra Usage: Workspaces with a payment method can now go above their plan’s MAU limit without missing data. Overages are billed as a one-time charge at the end of the cycle, and teams can set a monthly spend cap to avoid surprises.
Ask AI Gets Smarter: Ask AI can now answer product, SDK, and API questions by searching and citing the exact doc pages it used. It also includes updated SQL functions and variables, stricter chart validation, cleaner answers, improved dashboard saving, and new guardrails to keep responses focused on analytics questions it can answer well.
Top Channels: View a Channels chart alongside Referrers and UTM. Referrers, UTMs, and other properties are automatically grouped into marketing channels like Organic Social, Paid Search, Direct, Referral, and Email, so teams can understand traffic composition without manually bucketing domains.
Click IDs for Paid Attribution: The Web SDK now captures and persists click ID parameters from landing page URLs alongside UTMs, helping attribute paid traffic from Google, Meta, TikTok, LinkedIn, Reddit, and X to the campaigns that drove it.
Install-Time Mobile Attribution: The React Native SDK now captures install-time attribution from the Google Play Install Referrer API on Android and Apple AdServices on iOS. Deep link attribution still takes precedence, and merge logic only fills empty fields so real deep links are never overwritten.
Introducing User Properties, Custom Labels, Audit Log, and Improved Wallet Search
Formo now helps DeFi teams enrich wallet profiles with first-party data, track workspace changes, and find users across wallet and social identifiers.
These updates make it easier to use Formo as a single source of truth for your users, combining first-party identity data with product, web, and onchain activity.
User Properties and Labels: Add first-party user properties and custom user labels to wallet profiles from the dashboard or API. Set custom display names, emails, socials, avatars, locations, and other identity fields, then tag wallets with labels like VIP tier or KYC status.
Unified User Profiles: Custom properties and labels work with existing segments, filters, and charts out of the box. Push user properties and labels into Formo’s customer data platform, then use the unified profile across product analytics, attribution, segmentation, and outreach.
Workspace Audit Log: Workspaces now record an Audit Log of key actions, including invites, role changes, project updates, billing changes, and other workspace changes. This supports SOC2 readiness and gives teams better visibility when multiple admins manage the same workspace.
Improved Wallet Search: Search wallets from social profiles on the Users page and Profile Search API. Search by partial address, ENS name, Twitter handle, or any social identifier, and Formo will find the matching wallet profile.
DeFi Incentives and Long-Term Growth: Why Token Rewards Fail (2026 Guide)
This article covers why token incentives often create short-term DeFi activity instead of sustainable growth, how mercenary liquidity distorts TVL and user metrics, and how teams can design rewards that reinforce real usage by measuring organic volume, retention, and long-term protocol utility.
TVL vs Active Users in DeFi: Which Metric Predicts Growth (+ 5-Signal Framework)
This article covers why TVL and active users can both mislead DeFi teams when viewed alone, how capital, wallet activity, volume, fees, and retention each reveal different parts of protocol health, and how teams can use a five-signal framework to measure whether growth is real, durable, and economically meaningful.
DeFi Liquidity Bootstrapping: What Works (2026 Guide)
This article covers when liquidity bootstrapping helps DeFi protocols solve the cold start problem, why incentive-driven TVL often disappears once rewards end, and how teams can transition from mercenary capital to sustainable growth by tracking wallet retention, first transactions, organic volume, and post-incentive usage.
DeFi Go-to-Market Strategy: 3 Key Pillars That Retain TVL (2026 Guide)
This article covers why successful DeFi launches depend on aligning distribution, liquidity, and onboarding from day one, how teams can avoid mistaking incentive-driven TVL for real traction, and why tracking wallet connects, transactions, retention, and onchain user profiles early is critical for turning launch attention into sustainable growth.
Web3 Monthly Recap
Why marketing isn't enough anymore by Artem Sinyakin (OAK Research).
The GTM success recipe: PMF, UX and marketing by Maria Magenes (SpaghettETH, Hype).
Drift says $270 million exploit was a six-month North Korean intelligence operation by Shaurya Malwa (Coindesk).
Everything is DCF by Felipe Montealegre (Digital Asset Summit 2026 New York).
Things we’re excited about for consumer crypto in 2026 by Social Graph Ventures.
The Ethereum Security Subsidy Program by Ethereum Foundation.
How @SkyEcosystem Built the Most Resilient Stablecoin in DeFi with @RuneKek by The Rollup.
Everything is Market by Jesse Walden.
Read our previous update HERE.