And again, we have Robinhood leading another RWA leaderboard. This time, it ranks first by tokenholders after already taking the top spot by RWA count. Top 10 platforms by # of RWA holders: 1. @RobinhoodApp: 366,618 2. @xStocksFi: 273,205 3. @NestCredit: 195,379 4. @Ondo: 190,655 5. @binance bStocks: 155,431 6. @Paxos: 81,199 7. @tether: 69,629 8. @matrixdock: 52,840 9. @LayerZero_Core: 17,134 10. @Spiko_finance: 13,217 Robinhood has nearly twice as many holders as Ondo, but Ondo still has around 130x more RWA value. I believe Robinhood’s lead here is mainly a distribution story. For now.

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3

And again, we have Robinhood leading another RWA leaderboard. This time, it ranks first by tokenholders after already taking the top spot by RWA count. Top 10 platforms by # of RWA holders: 1. @RobinhoodApp: 366,618 2. @xStocksFi: 273,205 3. @NestCredit: 195,379 4. @Ondo: 190,655 5. @binance bStocks: 155,431 6. @Paxos: 81,199 7. @tether: 69,629 8. @matrixdock: 52,840 9. @LayerZero_Core: 17,134 10. @Spiko_finance: 13,217 Robinhood has nearly twice as many holders as Ondo, but Ondo still has around 130x more RWA value. I believe Robinhood’s lead here is mainly a distribution story. For now.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

Congrats if you participated in the $QUID public sale. It turned out to be a great play. I suspected it would turn out well once I saw the news about the Upbit listing. Even the pre-market went ballistic after their announcement. Right now, it's trading close to $100M. That's 2x from the sale price on @legiondotcc. This is what cementing a PMF and strong launch mechanics can do for a token, even in an idle market. I think the price can continue to trend up if @squidrouter adds some in-app utility for the token, but that's up to the devs and governance votes. Overall, great results. You can learn more about the token here: https://t.co/q1ZqVvUUum, and also stake some $QUID for 195% APR if you've got any lying around: https://t.co/pysyYYHLIG.

Name & Symbol: Squid ($QUID)
Address: 0x1a44233fae8d50f1aeb3a5d58dd426ff4814cb53

Congrats if you participated in the $QUID public sale. It turned out to be a great play. I suspected it would turn out well once I saw the news about the Upbit listing. Even the pre-market went ballistic after their announcement. Right now, it's trading close to $100M. That's 2x from the sale price on @legiondotcc. This is what cementing a PMF and strong launch mechanics can do for a token, even in an idle market. I think the price can continue to trend up if @squidrouter adds some in-app utility for the token, but that's up to the devs and governance votes. Overall, great results. You can learn more about the token here: https://t.co/q1ZqVvUUum, and also stake some $QUID for 195% APR if you've got any lying around: https://t.co/pysyYYHLIG.

Name & Symbol: Squid ($QUID)
Address: 0x1a44233fae8d50f1aeb3a5d58dd426ff4814cb53

The fastest-growing DeFi protocols this week aren't the usual billion-dollar names. 7d TVL growth via @DefiLlama ↓ • @Cassa_fyi | $14.34M | +653% Onchain infrastructure that turns financial risk into tradable markets with real-time hedging and streaming payouts. • @hipofinance | $11.29M | +206% Liquid-staking protocol that gives TON holders staking rewards while keeping their capital usable across DeFi. • @parasailnetwork | $5.88M | +161% Restaking and incentives platform connecting capital and hardware operators with DePIN networks. • @defichain | $2.07M | +145% Decentralized exchange for trading DFI against wrapped crypto assets. • @csigmafinance | $21.60M | +70.64% RWA lending protocol connecting stablecoin liquidity with commercial borrowers. • @SnuggleFi | $5.17M | +50.79% Automated liquidity manager that rebalances concentrated Uniswap v3 positions across chains. • @3f_xyz | $29.12M | +47.41% Morpho-based vault protocol offering leveraged exposure to tokenized RWAs. • @OriginProtocol | $64.50M | +44.97% Yield ecosystem behind OETH, OUSD, and ARM's ETH-to-stETH strategy. • @sygnumofficial | $23.87M | +34.09% Tokenized version of Fidelity International's USD institutional liquidity fund, issued by Sygnum. Only protocols with at least $1M in TVL were included. As always, rapid TVL growth doesn't automatically mean stronger returns. With smaller protocols, one large deposit can move the percentage significantly.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

Robinhood now has more RWAs than Ondo, Dinari, and every other tokenization platform. That’s crazy, considering it only launched stock tokens last summer. Here's a list of the top 10: 1. @RobinhoodApp: 1,912 2. @alpha_ledger: 1,425 3. @MercadoBitcoin: 847 4. @xStocksFi: 644 5. @Ondo: 441 6. @DinariGlobal: 103 7. @Reental_co: 58 8. @binance bStocks: 57 9. @SwarmMarkets: 48 10. @opentrade_io: 35 Robinhood's total RWA value is up 130%+ in the last 30 days. I'm fairly confident the value leaderboard will look very different by year-end.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

Robinhood now has more RWAs than Ondo, Dinari, and every other tokenization platform. That’s crazy, considering it only launched stock tokens last summer. Here's a list of the top 10: 1. @RobinhoodApp: 1,912 2. @alpha_ledger: 1,425 3. @MercadoBitcoin: 847 4. @xStocksFi: 644 5. @Ondo: 441 6. @DinariGlobal: 103 7. @Reental_co: 58 8. @binance bStocks: 57 9. @SwarmMarkets: 48 10. @opentrade_io: 35 Robinhood's total RWA value is up 130%+ in the last 30 days. I'm fairly confident the value leaderboard will look very different by year-end.

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3

New chains are flooding the market. They will all aim to grab a decent share of the market, but there's only so much liquidity to go around. We saw what a successful model looks like from @RobinhoodApp. Hint: proper PMF + existing user base. IMO, these have the highest chances to succeed: 1. @arc: Circle’s stablecoin-focused L1 ($222M raised) 2. @GIWA_by_Upbit: Upbit-backed ETH L2 ($1.22B raised) 3. Ondo Chain (Ondo has $46M raised) 4. @tempo: payments chain from Stripe and Paradigm ($500M raised) 5. @SeismicSys: Private stablecoin infra for fintech apps ($17M raised) @circle has USDC. @upbitglobal has exchange users. @Ondo has live financial products. @stripe has global payment flows. Seismic is quite the underdog on the list. I don't think the privacy bet alone will be enough to win against such strong competition. Strong product + sizeable distribution = winning formula. Let's see who comes out on top.

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3

Bitcoin: Digital gold Litecoin: Digital silver Ethereum: The world computer Solana: Internet capital markets Dogecoin: Internet-native money Polkadot: The multichain network Celestia: Modular data-availability Filecoin: Decentralized data storage Cosmos: The internet of blockchains Uniswap: The onchain exchange layer XRP: Global payments and settlement Zcash: Programmable financial privacy Jupiter: Solana’s liquidity and DeFi hub Base: The blockchain for global finance Virtuals: The onchain AI-agent economy Arbitrum: Ethereum scaling infrastructure Morpho: The open credit network Morpho Raydium: Solana’s automated liquidity layer Ondo: Institutional financial markets onchain Cardano: Research-driven blockchain platform Bittensor: Decentralized intelligence marketplace You're welcome.

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

Bitcoin: Digital gold Litecoin: Digital silver Ethereum: The world computer Solana: Internet capital markets Dogecoin: Internet-native money Polkadot: The multichain network Celestia: Modular data-availability Filecoin: Decentralized data storage Cosmos: The internet of blockchains Uniswap: The onchain exchange layer XRP: Global payments and settlement Zcash: Programmable financial privacy Jupiter: Solana’s liquidity and DeFi hub Base: The blockchain for global finance Virtuals: The onchain AI-agent economy Arbitrum: Ethereum scaling infrastructure Morpho: The open credit network Morpho Raydium: Solana’s automated liquidity layer Ondo: Institutional financial markets onchain Cardano: Research-driven blockchain platform Bittensor: Decentralized intelligence marketplace You're welcome.

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3

In fact, RWA is now one of the most decentralized areas of crypto, with no single, 100% dominant player. The golden days of RWAs are still ahead. https://t.co/RvtPY5R25g

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

So you understand: $HYPE = ~55% of 7‑day buybacks 1️⃣ @HyperliquidX | Perp DEX / L1 7D Buybacks $6.59M; 7D value change -20.2%; 7D price change -2.4%. 2️⃣ @Pumpfun | Memecoin Launchpad 7D buybacks $2.45M; 7D value change -5.4%; 7D price change +11.4%. 3️⃣ @chainlink | Oracle/Infra 7D buybacks $1.18M; 7D value change +6.0%; 7D price change +2.4%. Key insights? • HYPE dominates the narrative: ~55% of the combined 7D buybacks across these 13 names below (I computed the cohort’s 7D sum ≈ $12.0M), so HYPE’s -20.2% week and -36.4% month deceleration matters materially; • if HYPE’s revenue-driven buybacks keep sliding, it removes the primary demand offset in the group. • @Raydium’s lifetime buybacks (62.89% of released supply) are structurally significant even as its 7D pace is softer – lifetime and cadence both matter. • Price action is mixed vs buyback intensity this week (e.g., $ASTER +187.7% 30D buybacks with a flat +0.2% price; $PUMP +50.2% 30D and +11.4% price), so “buybacks = immediate pump” is a weak generalization. I’d watch: (1) HYPE’s next 7D/30D prints for confirmation of a genuine revenue slowdown; (2) JUP and LIT to see if their sharp 7D drops continue (fee competition risk); (3) announcements or unusual one-off buybacks in the small-dollar names that can distort percentage‑based signals. Source: @Tokenomist_ai

Name & Symbol: Aster ($ASTER)
Address: 0x000ae314e2a2172a039b26378814c252734f556a

So you understand: $HYPE = ~55% of 7‑day buybacks 1️⃣ @HyperliquidX | Perp DEX / L1 7D Buybacks $6.59M; 7D value change -20.2%; 7D price change -2.4%. 2️⃣ @Pumpfun | Memecoin Launchpad 7D buybacks $2.45M; 7D value change -5.4%; 7D price change +11.4%. 3️⃣ @chainlink | Oracle/Infra 7D buybacks $1.18M; 7D value change +6.0%; 7D price change +2.4%. Key insights? • HYPE dominates the narrative: ~55% of the combined 7D buybacks across these 13 names below (I computed the cohort’s 7D sum ≈ $12.0M), so HYPE’s -20.2% week and -36.4% month deceleration matters materially; • if HYPE’s revenue-driven buybacks keep sliding, it removes the primary demand offset in the group. • @Raydium’s lifetime buybacks (62.89% of released supply) are structurally significant even as its 7D pace is softer – lifetime and cadence both matter. • Price action is mixed vs buyback intensity this week (e.g., $ASTER +187.7% 30D buybacks with a flat +0.2% price; $PUMP +50.2% 30D and +11.4% price), so “buybacks = immediate pump” is a weak generalization. I’d watch: (1) HYPE’s next 7D/30D prints for confirmation of a genuine revenue slowdown; (2) JUP and LIT to see if their sharp 7D drops continue (fee competition risk); (3) announcements or unusual one-off buybacks in the small-dollar names that can distort percentage‑based signals. Source: @Tokenomist_ai

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

Everyone assumes @Ondo will dominate tokenized stocks. It makes sense, as it recently accounted for roughly 70% of the tokenized-stock market. But there's a real possibility for a change in leadership over the next period: 1. @RobinhoodApp Advantage: has the biggest community base + a solid infrastructure. It serves millions of retail investors through a familiar brokerage app, with fiat funding and built-in tax reporting. The hardest part is getting people with no crypto experience to buy tokenized stocks. Robinhood already has that covered with their app. 2. @xStocksFi Advantage: has the strongest crypto-native distribution Its tokenized stocks are already available across major exchanges, wallets, and several chains. That gives it broad reach within crypto. Weakness: reaching mainstream investors. 3. @Backpack Advantage: has the cleanest ownership model. Backpack’s tokens are tied to real shares, so holders can receive dividends and take part in corporate actions just like regular shareholders. Weakness: scaling - liquidity is still concentrated in a handful of high-profile stocks. IMO, Ondo is ahead today, but I wouldn't sleep on Robinhood.

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3

So you understand: $HYPE = ~55% of 7‑day buybacks 1️⃣ @HyperliquidX | Perp DEX / L1 7D Buybacks $6.59M; 7D value change -20.2%; 7D price change -2.4%. 2️⃣ @Pumpfun | Memecoin Launchpad 7D buybacks $2.45M; 7D value change -5.4%; 7D price change +11.4%. 3️⃣ @chainlink | Oracle/Infra 7D buybacks $1.18M; 7D value change +6.0%; 7D price change +2.4%. Key insights? • HYPE dominates the narrative: ~55% of the combined 7D buybacks across these 13 names below (I computed the cohort’s 7D sum ≈ $12.0M), so HYPE’s -20.2% week and -36.4% month deceleration matters materially; • if HYPE’s revenue-driven buybacks keep sliding, it removes the primary demand offset in the group. • @Raydium’s lifetime buybacks (62.89% of released supply) are structurally significant even as its 7D pace is softer – lifetime and cadence both matter. • Price action is mixed vs buyback intensity this week (e.g., $ASTER +187.7% 30D buybacks with a flat +0.2% price; $PUMP +50.2% 30D and +11.4% price), so “buybacks = immediate pump” is a weak generalization. I’d watch: (1) HYPE’s next 7D/30D prints for confirmation of a genuine revenue slowdown; (2) JUP and LIT to see if their sharp 7D drops continue (fee competition risk); (3) announcements or unusual one-off buybacks in the small-dollar names that can distort percentage‑based signals. Source: @Tokenomist_ai

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

So you understand: $HYPE = ~55% of 7‑day buybacks 1️⃣ @HyperliquidX | Perp DEX / L1 7D Buybacks $6.59M; 7D value change -20.2%; 7D price change -2.4%. 2️⃣ @Pumpfun | Memecoin Launchpad 7D buybacks $2.45M; 7D value change -5.4%; 7D price change +11.4%. 3️⃣ @chainlink | Oracle/Infra 7D buybacks $1.18M; 7D value change +6.0%; 7D price change +2.4%. Key insights? • HYPE dominates the narrative: ~55% of the combined 7D buybacks across these 13 names below (I computed the cohort’s 7D sum ≈ $12.0M), so HYPE’s -20.2% week and -36.4% month deceleration matters materially; • if HYPE’s revenue-driven buybacks keep sliding, it removes the primary demand offset in the group. • @Raydium’s lifetime buybacks (62.89% of released supply) are structurally significant even as its 7D pace is softer – lifetime and cadence both matter. • Price action is mixed vs buyback intensity this week (e.g., $ASTER +187.7% 30D buybacks with a flat +0.2% price; $PUMP +50.2% 30D and +11.4% price), so “buybacks = immediate pump” is a weak generalization. I’d watch: (1) HYPE’s next 7D/30D prints for confirmation of a genuine revenue slowdown; (2) JUP and LIT to see if their sharp 7D drops continue (fee competition risk); (3) announcements or unusual one-off buybacks in the small-dollar names that can distort percentage‑based signals. Source: @Tokenomist_ai

Name & Symbol: Aster ($ASTER)
Address: 0x000ae314e2a2172a039b26378814c252734f556a

Double-digit yields on stables are rare. I’m always on the lookout for these myself. There's one I just found from @tori_finance through strUSD, the staked version of trUSD. This is a synthetic dollar backed by market-neutral positions. The yield comes from short-term global money markets and hedged trades that capture pricing differences. These strategies are common among professional trading desks, but usually difficult for regular users to access. strUSD current APY: ~12%. You get this yield just by holding the asset, but you also have other options across DeFi: → Morpho: borrow against it or loop the position → Pendle: lock a fixed rate or trade the variable yield → Royco: choose Senior (~11%) or Junior (~15%) exposure → Curve: provide liquidity for fees and incentives Unlike many yield-bearing dollars, strUSD isn’t limited to a single vault. The pre-deposit vault is already around 98% full. Once the phase ends, the strategy will be open to everyone (except the U.S.) without the cap. That’s a strong set of integrations for a newly launched asset, if you ask me.

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

Everyone assumes @Ondo will dominate tokenized stocks. It makes sense, as it recently accounted for roughly 70% of the tokenized-stock market. But there's a real possibility for a change in leadership over the next period: 1. @RobinhoodApp Advantage: has the biggest community base + a solid infrastructure. It serves millions of retail investors through a familiar brokerage app, with fiat funding and built-in tax reporting. The hardest part is getting people with no crypto experience to buy tokenized stocks. Robinhood already has that covered with their app. 2. @xStocksFi Advantage: has the strongest crypto-native distribution Its tokenized stocks are already available across major exchanges, wallets, and several chains. That gives it broad reach within crypto. Weakness: reaching mainstream investors. 3. @Backpack Advantage: has the cleanest ownership model. Backpack’s tokens are tied to real shares, so holders can receive dividends and take part in corporate actions just like regular shareholders. Weakness: scaling - liquidity is still concentrated in a handful of high-profile stocks. IMO, Ondo is ahead today, but I wouldn't sleep on Robinhood.

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3

Spark grew across TVL, active loans and fees while the rest of DeFi contracted. Bullish signal here for @sparkfinance? Let's watch the data ↓ Spark snapshot: • TVL: $4.596B • Active loans: $1.817B • Ann. fees: $205.63M; ann. revenue: $23.74M • Market cap: $50.37M; price $0.017; FDV $169.76M • Treasury: $61.99M; staked $10.93M (21.7% of mc); liquidity $1.34M • 90d growth: Spark ≈ +7.2% TVL while Aave V3 and Compound V3 were flat/negative • Recent integrations: DualPool Uniswap v4 Hook (July 23); Polymarket Lightning via Spark (July 8) Why Spark outperformed the rest of the market? 1️⃣ Product fit: heavily DAI-focused, tightly integrated with MakerDAO/Aave risk parameters. Stablecoin lending holds up when volatile collateral flees. 2️⃣ Network effects: DualPool (Uniswap v4) converts idle LP capital into lending yield without leaving AMM rails. Polymarket Lightning shows Spark pulling non-ETH flows. Hooks matter for retention. 4️⃣ Financials vs. valuation: $23.74M ann. earnings on $50.37M mc = extreme earnings yield. Product generates real economics. What I'm watching next: • DualPool adoption on Uniswap v4 • Governance proposals converting protocol earnings into tokenholder value (burns, distributions, buybacks) – would be ultra positive for Spark token holders • Institutional flows: Spark vs. Morpho/Aave

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

Double-digit yields on stables are rare. I’m always on the lookout for these myself. There's one I just found from @tori_finance through strUSD, the staked version of trUSD. This is a synthetic dollar backed by market-neutral positions. The yield comes from short-term global money markets and hedged trades that capture pricing differences. These strategies are common among professional trading desks, but usually difficult for regular users to access. strUSD current APY: ~12%. You get this yield just by holding the asset, but you also have other options across DeFi: → Morpho: borrow against it or loop the position → Pendle: lock a fixed rate or trade the variable yield → Royco: choose Senior (~11%) or Junior (~15%) exposure → Curve: provide liquidity for fees and incentives Unlike many yield-bearing dollars, strUSD isn’t limited to a single vault. The pre-deposit vault is already around 98% full. Once the phase ends, the strategy will be open to everyone (except the U.S.) without the cap. That’s a strong set of integrations for a newly launched asset, if you ask me.

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

You are paying significantly more to use these protocols than you were a month ago. Fastest 30d fee growth, according to @tokenterminal ↓ • @volmexfinance | +198,233.7% | Creates crypto volatility indices and markets for trading expected price volatility • @RobinhoodApp | +63,431.3% | Blockchain designed for tokenized stocks and other RWAs • @MIM_Spell | +10,188.3% | Lending protocol behind the MIM stablecoin • @Thales_io | +4,280% | Onchain platform for trading options and sports markets • @hyperbridge | +1,807.3% | Cross-chain protocol for transferring assets, data and messages between blockchains • @IPOR_io | +558.3% | Builds automated yield vaults and infra for managing DeFi strategies • @DarwiniaNetwork | +421.2% | Blockchain network focused on interoperability between different ecosystems • @SeamlessFi | +392.9% | Lending protocol on Base offering borrowing, lending and leveraged positions • @Plasma | +362.5% | Stablecoin-focused blockchain built for fast, low-cost payments • @ribbonfinance | +252.3% | DeFi protocol known for automated options-based yield strategies

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

This week's fastest-growing protocols are mostly competing to put crypto capital to work. 7d TVL growth, according to @DefiLlama ↓ • @OuroborosCap8 | $5.22M | +202,915% Risk curator managing capital across DeFi strategies. • @twynexyz | $8.18M | +186% Credit-delegation protocol. Lenders earn from unused borrowing capacity, borrowers get more leverage. • @Fira_Lend | $15.83M | +178% Onchain lending with fixed and variable rates. • @arcus_xyz | $17.14M | +171% Self-custodial exchange on Robinhood Chain for tokenized assets and perp futures. • @SatsumaDEX | $1.25M | +157% Bitcoin-focused DEX on Citrea for swaps and liquidity. • @SingularV_xyz | $1.26M | +97.79% Risk curator managing DeFi yield vaults across lending markets. • @hyperithm | $221.13M | +85.99% Digital asset manager running algo, arbitrage and DeFi yield strats. • @Ever_dex | $2.64M | +67.15% Cross-chain DEX for swapping assets across networks. • @R25Official | $160.29M | +57.53% RWA protocol bringing yield-bearing trad-fi assets onchain. • @DigiFTTech | $274.08M | +52.81% Regulated platform for issuing and trading tokenized RWAs.

Name & Symbol: Citrea ($CTR)
Address: 0x11030f79109269d796fd0fb956d6244e502757f7

CEX campaigns are rarely worthwhile for me to participate in. But sometimes the rewards are very lucrative. Here are some of the campaigns with the biggest reward pools right now: → @worldlibertyfi USD1 campaign (Binance) 165M WLFI in rewards (~$9.25M) → @BlockSt_HQ trade campaign (ByBit) 2,000,000 BSB in rewards (~$280K) → @datafdn trade campaign (ByBit) 200,000 DATA in rewards (~$53K) → @kucoincom KuMining event (coming soon) $50,000 USDT in rewards → @Gate CFD Fortune Lottery $50,000 rewards (paid in stocks) My eyes are mostly on the first one, as I don't have to risk any capital. I just hold USD1 in my account and get rewards every week. Easy way to earn extra yield on your idle capital.

Name & Symbol: Block Street ($BSB)
Address: 0x595deaad1eb5476ff1e649fdb7efc36f1e4679cc

Can someone explain like I’m 5 why $PUMP is down 50% over the past year when its buyback chart looks like this? https://t.co/7ctSxZ4NtG

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

Can someone explain like I’m 5 why $PUMP is down 50% over the past year when its buyback chart looks like this? https://t.co/7ctSxZ4NtG

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

Full list of protocols with >$1M in holder revenue over the last 30 days ↓ @CantonNetwork: $55.21M @HyperliquidX: $40.48M @trondao: $25.60M @Pumpfun: $13.32M @chainlink: $4.58M @AerodromeFi: $4.53M @Uniswap: $3.68M @OREsupply: $2.95M @JupiterExchange: $2.37M @zinc_cash: $2.28M @LidoFinance: $2.07M @Lighter_xyz: $1.99M @ethereum: $1.89M @solana: $1.62M @PancakeSwap: $1.45M @S_L_V_R_FUN: $1.25M @SkyEcosystem: $1.13M Just 17 names out of 720 protocols listed on @DefiLlama. Just in case you were wondering why nobody holds alts anymore.

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

Full list of protocols with >$1M in holder revenue over the last 30 days ↓ @CantonNetwork: $55.21M @HyperliquidX: $40.48M @trondao: $25.60M @Pumpfun: $13.32M @chainlink: $4.58M @AerodromeFi: $4.53M @Uniswap: $3.68M @OREsupply: $2.95M @JupiterExchange: $2.37M @zinc_cash: $2.28M @LidoFinance: $2.07M @Lighter_xyz: $1.99M @ethereum: $1.89M @solana: $1.62M @PancakeSwap: $1.45M @S_L_V_R_FUN: $1.25M @SkyEcosystem: $1.13M Just 17 names out of 720 protocols listed on @DefiLlama. Just in case you were wondering why nobody holds alts anymore.

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

Why wasn't anyone paying attention to these protocols before their TVL pumped? Fastest-growing protocols this week with at least $1M in TVL, according to @DefiLlama ↓ • @PrimeNumbersFi | $6.65M | +2,025% Liquid staking for XDC holders. Stake XDC, get pstXDC, stay liquid. • @ZentraFinance | $1.32M | +484% Lending market on Citrea. Supply assets, earn yield, or borrow against collateral. • @arcus_xyz | $17.04M | +224% Self-custodial exchange on Robinhood Chain. Tokenized stocks, crypto, perps. • @twynexyz | $8.13M | +186% Credit-delegation protocol. Lenders earn from unused borrowing capacity, borrowers get more leverage. • @hyperithm | $212.59M | +70.92% Risk curator managing lending vaults across chains. • @perpltrade | $5.01M | +52.04% Onchain perps exchange built on Monad. • @goldfinch_fi | $2.18M | +51.02% RWA lending protocol connecting onchain capital with private credit. • @scopuly | $1.1M | +46.35% Stellar-based DEX for swaps and liquidity provision. • @VesperFi | $67.52M | +45.89% Multichain yield aggregator deploying assets across DeFi strategies.

Name & Symbol: Citrea ($CTR)
Address: 0x11030f79109269d796fd0fb956d6244e502757f7

Why wasn't anyone paying attention to these protocols before their TVL pumped? Fastest-growing protocols this week with at least $1M in TVL, according to @DefiLlama ↓ • @PrimeNumbersFi | $6.65M | +2,025% Liquid staking for XDC holders. Stake XDC, get pstXDC, stay liquid. • @ZentraFinance | $1.32M | +484% Lending market on Citrea. Supply assets, earn yield, or borrow against collateral. • @arcus_xyz | $17.04M | +224% Self-custodial exchange on Robinhood Chain. Tokenized stocks, crypto, perps. • @twynexyz | $8.13M | +186% Credit-delegation protocol. Lenders earn from unused borrowing capacity, borrowers get more leverage. • @hyperithm | $212.59M | +70.92% Risk curator managing lending vaults across chains. • @perpltrade | $5.01M | +52.04% Onchain perps exchange built on Monad. • @goldfinch_fi | $2.18M | +51.02% RWA lending protocol connecting onchain capital with private credit. • @scopuly | $1.1M | +46.35% Stellar-based DEX for swaps and liquidity provision. • @VesperFi | $67.52M | +45.89% Multichain yield aggregator deploying assets across DeFi strategies.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

These tokens captured the most holder revenue over the last 24 hours through buybacks, burns, and direct distributions ↓ • @HyperliquidX | $1.63M Perp and spot trading fees funded automated HYPE buybacks and burns through the Assistance Fund. • @Pumpfun | $485K Bonding-curve and PumpSwap activity generated fees used to buy back and burn PUMP. • @aerodromefi | $217K Swap fees from Aerodrome pools were distributed to veAERO voters. • @Uniswap | $117K Protocol fees collected across deployments were converted into UNI burns. • @ORE | $86K Mining activity generated fees used for ORE buybacks, burns, and staker distributions. • @JupiterExchange | $78K Revenue across Jupiter's products fed its ongoing JUP buyback program. • @Lighter_xyz | $70K Trading fees were used to buy back LIT through daily market purchases. • @SkyEcosystem | $42K Stability fees and liquidation income generated protocol revenue accruing to SKY holders. • @PancakeSwap | $40K Fees from swaps, perps, prediction, and other products funded CAKE buybacks and burns. • @PharaohExchange | $28K Swap fees were distributed to xPHAR voters who helped direct protocol emissions.

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

These tokens captured the most holder revenue over the last 24 hours through buybacks, burns, and direct distributions ↓ • @HyperliquidX | $1.63M Perp and spot trading fees funded automated HYPE buybacks and burns through the Assistance Fund. • @Pumpfun | $485K Bonding-curve and PumpSwap activity generated fees used to buy back and burn PUMP. • @aerodromefi | $217K Swap fees from Aerodrome pools were distributed to veAERO voters. • @Uniswap | $117K Protocol fees collected across deployments were converted into UNI burns. • @ORE | $86K Mining activity generated fees used for ORE buybacks, burns, and staker distributions. • @JupiterExchange | $78K Revenue across Jupiter's products fed its ongoing JUP buyback program. • @Lighter_xyz | $70K Trading fees were used to buy back LIT through daily market purchases. • @SkyEcosystem | $42K Stability fees and liquidation income generated protocol revenue accruing to SKY holders. • @PancakeSwap | $40K Fees from swaps, perps, prediction, and other products funded CAKE buybacks and burns. • @PharaohExchange | $28K Swap fees were distributed to xPHAR voters who helped direct protocol emissions.

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

Why wasn't anyone paying attention to these protocols before their TVL pumped? Fastest-growing protocols this week with at least $1M in TVL, according to @DefiLlama ↓ • @PrimeNumbersFi | $6.65M | +2,025% Liquid staking for XDC holders. Stake XDC, get pstXDC, stay liquid. • @ZentraFinance | $1.32M | +484% Lending market on Citrea. Supply assets, earn yield, or borrow against collateral. • @arcus_xyz | $17.04M | +224% Self-custodial exchange on Robinhood Chain. Tokenized stocks, crypto, perps. • @twynexyz | $8.13M | +186% Credit-delegation protocol. Lenders earn from unused borrowing capacity, borrowers get more leverage. • @hyperithm | $212.59M | +70.92% Risk curator managing lending vaults across chains. • @perpltrade | $5.01M | +52.04% Onchain perps exchange built on Monad. • @goldfinch_fi | $2.18M | +51.02% RWA lending protocol connecting onchain capital with private credit. • @scopuly | $1.1M | +46.35% Stellar-based DEX for swaps and liquidity provision. • @VesperFi | $67.52M | +45.89% Multichain yield aggregator deploying assets across DeFi strategies.

Name & Symbol: Citrea ($CTR)
Address: 0x11030f79109269d796fd0fb956d6244e502757f7

These tokens captured the most holder revenue over the last 24 hours through buybacks, burns, and direct distributions ↓ • @HyperliquidX | $1.63M Perp and spot trading fees funded automated HYPE buybacks and burns through the Assistance Fund. • @Pumpfun | $485K Bonding-curve and PumpSwap activity generated fees used to buy back and burn PUMP. • @aerodromefi | $217K Swap fees from Aerodrome pools were distributed to veAERO voters. • @Uniswap | $117K Protocol fees collected across deployments were converted into UNI burns. • @ORE | $86K Mining activity generated fees used for ORE buybacks, burns, and staker distributions. • @JupiterExchange | $78K Revenue across Jupiter's products fed its ongoing JUP buyback program. • @Lighter_xyz | $70K Trading fees were used to buy back LIT through daily market purchases. • @SkyEcosystem | $42K Stability fees and liquidation income generated protocol revenue accruing to SKY holders. • @PancakeSwap | $40K Fees from swaps, perps, prediction, and other products funded CAKE buybacks and burns. • @PharaohExchange | $28K Swap fees were distributed to xPHAR voters who helped direct protocol emissions.

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

These tokens captured the most holder revenue over the last 24 hours through buybacks, burns, and direct distributions ↓ • @HyperliquidX | $1.63M Perp and spot trading fees funded automated HYPE buybacks and burns through the Assistance Fund. • @Pumpfun | $485K Bonding-curve and PumpSwap activity generated fees used to buy back and burn PUMP. • @aerodromefi | $217K Swap fees from Aerodrome pools were distributed to veAERO voters. • @Uniswap | $117K Protocol fees collected across deployments were converted into UNI burns. • @ORE | $86K Mining activity generated fees used for ORE buybacks, burns, and staker distributions. • @JupiterExchange | $78K Revenue across Jupiter's products fed its ongoing JUP buyback program. • @Lighter_xyz | $70K Trading fees were used to buy back LIT through daily market purchases. • @SkyEcosystem | $42K Stability fees and liquidation income generated protocol revenue accruing to SKY holders. • @PancakeSwap | $40K Fees from swaps, perps, prediction, and other products funded CAKE buybacks and burns. • @PharaohExchange | $28K Swap fees were distributed to xPHAR voters who helped direct protocol emissions.

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

There’s now almost $35B in tokenized RWAs onchain. Most of it comes from tokenized Treasuries and private credit. Don’t get me wrong, these are useful products. But most of the capital stays in passive yield strategies. IMO, a more useful category to follow is active strategies. These are tokenized funds whose portfolios rebalance, run basis trades, or move between different strategies as markets change. It makes sense that this is the smallest RWA category by a wide margin, since minting a token against a T-bill is much easier than managing a live strategy. Current leaders: → Biggest ETH L2: @Mantle_Official ($120M) → Biggest EVM network: @avax ($459.3M) → Biggest network: @StellarOrg ($685.8M) My long-term bet is Ethereum ($389M). I'm also closely watching its L2 ecosystem, especially Mantle, as it has almost a third of ETH's value and it's leading the category among ETH L2s. Overall, Mantle saw 27.4% QoQ growth to $247.5M in Q1 2026 in Total Distributed Value. The aggressive launch by Franklin Templeton of its tokenized US Equity Index ETF (USPXX) and @maplefinance expansion on Mantle only adds to its momentum. I'm expecting this category to grow a lot more over time.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

There’s a clear pattern showing up in the top stablecoin yield opportunities on @StablewatchHQ. Once you filter for $10M+ in TVL, this is what you get ↓ @UnitasLabs $sUSDu – 15.72% APY Yield comes from a basket of market-neutral strategies, including funding-rate capture, lending, trading fee accrual, and JLP yield capture. @Main_St_Finance $msY – 12% APY Yield comes from a delta-neutral CME options strategy, with part of the yield directed to an insurance fund. @noon_capital $sUSN – 10.76% APY Yield comes from capital deployed across delta-neutral strategies and RWA-backed assets. @PikuFinance $USP – 10.09% APY Yield comes from USD stables being deployed into DeFi strategies and yield-generating onchain/offchain assets. @gaib_ai $sAID – 9.37% APY Yield comes from RWA exposure tied to treasuries and AI infrastructure financing, backed by borrower interest payments. @avantprotocol $savUSD – 7.83% APY Yield comes from avUSD reserves being deployed across chains and protocols through managed strategies. @infiniFi $siUSD – 7.63% APY Yield comes from various onchain DeFi operations. @YuzuMoneyX $syzUSD – 7.50% APY Yield comes from yzUSD being deployed into onchain DeFi strategies, with protection layers mentioned by Stablewatch. @USDai_Official $sUSDai – 6.92% APY Yield comes from treasuries and AI infrastructure financing, with borrower interest payments feeding the strategy. @Neutrl $sNUSD – 6.13% APY Yield comes from liquid crypto-native stablecoins, yield-bearing assets, delta-neutral strategies, and hedged OTC positions.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

I already talked about @realfi_co’s 2-token structure. Now, with the Cardano testnet release, you can also see the reserves dashboard and exactly what’s backing USDr (the RWA composition). The current mix they’ve targeted: • 40% private credit • 25% bonds • 22.5% treasuries • 12.5% CLOs It’s a very high level of transparency. You can see exactly where the return comes from and the strategy behind it. Reminder: the first season (Pioneer) has just kicked off; this is as early as it gets. I’ll be diving more deeply into the project’s fundamentals soon, so keep an eye out.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

Robinhood chain has a 40% fail rate. Essentially, almost half of all transactions on the Robinhood chain don't execute successfully. "Best chain for RWA" https://t.co/CCgU4BCvsQ

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

I wanted to understand why Solana spot volume has been growing, and honestly, the answer was not what I expected. The obvious assumption is memecoins, because that’s been the main Solana narrative for idk how long now? Like 4 years? But anyways, the bigger story here is that a lot of the recent volume is actually coming from tokenized assets. Tokenized asset spot volume on Solana grew from ~$2.69B in Q1 to ~$5.7B in Q2, which was a new quarterly ATH. And @Solana captured 97% of cumulative onchain tokenized equities spot volume in May, while its broader RWA ecosystem hit $2.8B+ and crossed 230K onchain RWA holders. On top of that, June made it even clearer. During the week of June 15–21, Solana processed ~95% of global tokenized stock volume, and daily tokenized equity trading later hit a $644M record. Funny enough, at one point, tokenized equities even passed memecoins as a share of Solana spot volume. This is probably the most refreshing Solana volume story in a while IMO because there’s actual retail-style trading happening around assets people already understand, like stocks and ETFs, but on faster crypto rails. IMO, memecoins aren’t going away because they’re still a huge part of Solana. But I think the more interesting shift is that Solana is starting to look more like a general-purpose spot market for crypto, RWAs, stablecoins, and tokenized equities. Also, I noticed some Solana prediction markets have been popping up lately, so I might do a post on that next and see how that impacts this.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

The total RWA market cap is around ~$28.3B on @DefiLlama, but only about ~$3.23B is active in DeFi. That means only ~11% of onchain RWA value is actually being used inside DeFi right now. So IMO, the current state of RWA is pretty clear: the market has already proven that real-world assets can be brought onchain, but tokenizing an asset is not the same thing as making it useful for DeFi strategies. You can see this in the numbers too. Some of the biggest RWA products have billions in onchain market cap, but very little DeFi utilization, and to me that means that the next phase is going to be different. Especially now that tokenized corporate credit and tokenized private equity have both crossed $1B in distributed value. So I'm wondering whether they become active financial primitives, or just tokenized wrappers people just hold onchain.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

Teams that are still hiring: Part II • @monad | DeFi growth, BD, financial institutions, tokenization, ecosystem, regional leadership • @megaeth | Legal, counsel, protocol, eng, ecosystem • @eigenlabs | Eng, AI, fullstack, general apps • @Offchain | Backend, Rust eng, security, finance, accounting, SRE • @OPLabsPBC | AI eng, blockchain solutions, enterprise sales, partnerships, marketing, product, ops • @0xPolygon | Security, product marketing, finance, ops, business, corporate, tech • @stablewatchHQ | Data engineering • @AptosLabs | Eng, security, community, BD, ecosystem • @SolanaFndn | BD, ecosystem eng, legal, product, tech • @ethena_labs | DeFi security eng, credit/loan, general apps • @Morpho | Protocol eng, backend/fullstack, infra, security, GTM, institutions, account management • @aave | Capital markets growth, solutions eng, cybersecurity, quant strategy, design eng, smart contracts • @gauntlet_xyz | Risk, infra eng, security, accounting, recruiting, capital markets • @worldnetwork | Product, legal, device eng, ops, security, marketing, crypto platform eng

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

I got a watchlist for July protocols that may or may not be worth farming ↓ 1️⃣ Worth farming @USDai_Official | One of the cleaner July farms. Flatiron is still active and the rewards loop is tied to real USDai/sUSDai, CHIP, liquidity, lending, and Pendle activity. @Kinetiq_xyz | Still worth it if you're already in Hyperliquid/HYPE. kPoints Season 2 is active, but this isn't an early farm anymore since KNTQ already launched. @HypertradeX | More interesting than generic Hyperliquid farming. Stage 1 points are live and tied to real HyperEVM swaps, liquidity, referrals, and HYPE rewards. @ethena | Still worth farming for bigger wallets using USDe/sUSDe/ENA strategies, especially if the yield side already makes sense without the airdrop. 2️⃣ Maybe worth farming @AbstractChain | Good low-cost speculative farm. XP/badge activity is easy to build without forcing huge volume, but there's still no confirmed token or airdrop. @trylimitless | Interesting prediction market farm with less obvious airdrop farm energy than Polymarket, especially if you already like trading these markets. @MetaMask | Worth using naturally. Rewards are back, but I wouldn't force volume here since everyone is watching this one. @base | Worth touching through real ecosystem activity, but still speculative since there's no confirmed Base airdrop yet. @HyperliquidX | Still huge, but the main HYPE airdrop already happened. The better angle is probably ecosystem apps rather than farming the core app. 3️⃣ Possibly not worth farming / too crowded @Polymarket | Great product, but probably a bad late farm. Extremely crowded and there's still no officially announced token or TGE. @monad | Mostly too late for the main MON farming angle. July activity should focus on ecosystem apps instead. @megaeth | Main token angle already feels late since MEGA is live, but the ecosystem may still have smaller app-level opportunities. @Backpack | BP already launched, so it's not really a fresh airdrop farm unless they announce a new season. @Lighter_xyz | Strong product, but less attractive as a July farm since LIT already launched and the major points-to-token phase is no longer early. @irys_xyz | Mostly late for the main airdrop angle. I'd only watch it for new ecosystem incentives. @MitosisOrg | Not a great fresh farm now unless a new round/season is clearly announced. @SuccinctLabs | Better as an ecosystem/infra watchlist name than a fresh July airdrop farm. @Plasma | XPL is already live, so July is more about usage, incentives, and unlocks than farming a fresh drop.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

I got a watchlist for July protocols that may or may not be worth farming ↓ 1️⃣ Worth farming @USDai_Official | One of the cleaner July farms. Flatiron is still active and the rewards loop is tied to real USDai/sUSDai, CHIP, liquidity, lending, and Pendle activity. @Kinetiq_xyz | Still worth it if you're already in Hyperliquid/HYPE. kPoints Season 2 is active, but this isn't an early farm anymore since KNTQ already launched. @HypertradeX | More interesting than generic Hyperliquid farming. Stage 1 points are live and tied to real HyperEVM swaps, liquidity, referrals, and HYPE rewards. @ethena | Still worth farming for bigger wallets using USDe/sUSDe/ENA strategies, especially if the yield side already makes sense without the airdrop. 2️⃣ Maybe worth farming @AbstractChain | Good low-cost speculative farm. XP/badge activity is easy to build without forcing huge volume, but there's still no confirmed token or airdrop. @trylimitless | Interesting prediction market farm with less obvious airdrop farm energy than Polymarket, especially if you already like trading these markets. @MetaMask | Worth using naturally. Rewards are back, but I wouldn't force volume here since everyone is watching this one. @base | Worth touching through real ecosystem activity, but still speculative since there's no confirmed Base airdrop yet. @HyperliquidX | Still huge, but the main HYPE airdrop already happened. The better angle is probably ecosystem apps rather than farming the core app. 3️⃣ Possibly not worth farming / too crowded @Polymarket | Great product, but probably a bad late farm. Extremely crowded and there's still no officially announced token or TGE. @monad | Mostly too late for the main MON farming angle. July activity should focus on ecosystem apps instead. @megaeth | Main token angle already feels late since MEGA is live, but the ecosystem may still have smaller app-level opportunities. @Backpack | BP already launched, so it's not really a fresh airdrop farm unless they announce a new season. @Lighter_xyz | Strong product, but less attractive as a July farm since LIT already launched and the major points-to-token phase is no longer early. @irys_xyz | Mostly late for the main airdrop angle. I'd only watch it for new ecosystem incentives. @MitosisOrg | Not a great fresh farm now unless a new round/season is clearly announced. @SuccinctLabs | Better as an ecosystem/infra watchlist name than a fresh July airdrop farm. @Plasma | XPL is already live, so July is more about usage, incentives, and unlocks than farming a fresh drop.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

I got a watchlist for July protocols that may or may not be worth farming ↓ 1️⃣ Worth farming @USDai_Official | One of the cleaner July farms. Flatiron is still active and the rewards loop is tied to real USDai/sUSDai, CHIP, liquidity, lending, and Pendle activity. @Kinetiq_xyz | Still worth it if you're already in Hyperliquid/HYPE. kPoints Season 2 is active, but this isn't an early farm anymore since KNTQ already launched. @HypertradeX | More interesting than generic Hyperliquid farming. Stage 1 points are live and tied to real HyperEVM swaps, liquidity, referrals, and HYPE rewards. @ethena | Still worth farming for bigger wallets using USDe/sUSDe/ENA strategies, especially if the yield side already makes sense without the airdrop. 2️⃣ Maybe worth farming @AbstractChain | Good low-cost speculative farm. XP/badge activity is easy to build without forcing huge volume, but there's still no confirmed token or airdrop. @trylimitless | Interesting prediction market farm with less obvious airdrop farm energy than Polymarket, especially if you already like trading these markets. @MetaMask | Worth using naturally. Rewards are back, but I wouldn't force volume here since everyone is watching this one. @base | Worth touching through real ecosystem activity, but still speculative since there's no confirmed Base airdrop yet. @HyperliquidX | Still huge, but the main HYPE airdrop already happened. The better angle is probably ecosystem apps rather than farming the core app. 3️⃣ Possibly not worth farming / too crowded @Polymarket | Great product, but probably a bad late farm. Extremely crowded and there's still no officially announced token or TGE. @monad | Mostly too late for the main MON farming angle. July activity should focus on ecosystem apps instead. @megaeth | Main token angle already feels late since MEGA is live, but the ecosystem may still have smaller app-level opportunities. @Backpack | BP already launched, so it's not really a fresh airdrop farm unless they announce a new season. @Lighter_xyz | Strong product, but less attractive as a July farm since LIT already launched and the major points-to-token phase is no longer early. @irys_xyz | Mostly late for the main airdrop angle. I'd only watch it for new ecosystem incentives. @MitosisOrg | Not a great fresh farm now unless a new round/season is clearly announced. @SuccinctLabs | Better as an ecosystem/infra watchlist name than a fresh July airdrop farm. @Plasma | XPL is already live, so July is more about usage, incentives, and unlocks than farming a fresh drop.

Name & Symbol: Irys ($IRYS)
Address: 0x91152b4ef635403efbae860edd0f8c321d7c035d

I got a watchlist for July protocols that may or may not be worth farming ↓ 1️⃣ Worth farming @USDai_Official | One of the cleaner July farms. Flatiron is still active and the rewards loop is tied to real USDai/sUSDai, CHIP, liquidity, lending, and Pendle activity. @Kinetiq_xyz | Still worth it if you're already in Hyperliquid/HYPE. kPoints Season 2 is active, but this isn't an early farm anymore since KNTQ already launched. @HypertradeX | More interesting than generic Hyperliquid farming. Stage 1 points are live and tied to real HyperEVM swaps, liquidity, referrals, and HYPE rewards. @ethena | Still worth farming for bigger wallets using USDe/sUSDe/ENA strategies, especially if the yield side already makes sense without the airdrop. 2️⃣ Maybe worth farming @AbstractChain | Good low-cost speculative farm. XP/badge activity is easy to build without forcing huge volume, but there's still no confirmed token or airdrop. @trylimitless | Interesting prediction market farm with less obvious airdrop farm energy than Polymarket, especially if you already like trading these markets. @MetaMask | Worth using naturally. Rewards are back, but I wouldn't force volume here since everyone is watching this one. @base | Worth touching through real ecosystem activity, but still speculative since there's no confirmed Base airdrop yet. @HyperliquidX | Still huge, but the main HYPE airdrop already happened. The better angle is probably ecosystem apps rather than farming the core app. 3️⃣ Possibly not worth farming / too crowded @Polymarket | Great product, but probably a bad late farm. Extremely crowded and there's still no officially announced token or TGE. @monad | Mostly too late for the main MON farming angle. July activity should focus on ecosystem apps instead. @megaeth | Main token angle already feels late since MEGA is live, but the ecosystem may still have smaller app-level opportunities. @Backpack | BP already launched, so it's not really a fresh airdrop farm unless they announce a new season. @Lighter_xyz | Strong product, but less attractive as a July farm since LIT already launched and the major points-to-token phase is no longer early. @irys_xyz | Mostly late for the main airdrop angle. I'd only watch it for new ecosystem incentives. @MitosisOrg | Not a great fresh farm now unless a new round/season is clearly announced. @SuccinctLabs | Better as an ecosystem/infra watchlist name than a fresh July airdrop farm. @Plasma | XPL is already live, so July is more about usage, incentives, and unlocks than farming a fresh drop.

Name & Symbol: Mitosis ($MITO)
Address: 0x8e1e6bf7e13c400269987b65ab2b5724b016caef

AI companies have already committed roughly ~$600M across publicly reported data/content access deals. What that means is that AI is only as good as the data it learns from, and if the training data is low-quality or outdated, the output is still going to suck. So that’s why you’re seeing so many big companies make deals around improving the data they get right now. Let's take a look at @Google’s @Reddit deal, which was reportedly around $60M/year. Sounds sorta crazy at first, but it makes sense when you think about what Reddit actually has: raw human conversation at a massive scale. Exactly the kind of data that is hard for an AI model to just learn on its own because it comes from real people talking naturally. Same thing with @OpenAI’s deal with @newscorp, reportedly worth over $250M over five years. That deal gives OpenAI access to a large amount of current and archived media content. They’re essentially paying for licensed, professionally produced information that can give AI systems better context and a better legal path for using that data inside their products. So the broader takeaway, at least to me, is that AI companies are no longer treating data as something they can just scrape from the open internet forever. And that is why the data layer is becoming such a big part of the AI stack because models and compute still matter (obviously), but access to rights-cleared data is becoming just as important. That said, this is the lens I’d use to look at the recent @psdnai x @toss__official partnership. ICYMI, TOSS is one of Korea’s biggest consumer fintech platforms, with more than 30M users in South Korea since launching in 2015. And the reason why this partnership makes sense to me is that Poseidon can bring its Numo app into a massive consumer ecosystem where users can contribute real-world data for AI training, starting with voice/audio tasks, and get paid for what they contribute. That part is what actually caught my attention the most because you have a major consumer platform, a data contribution app, and an AI training data pipeline starting to come together. And unlike the other examples above, Poseidon is more focused on real-world user-contributed data, which feels like a different but related part of the same data-access trend. That’s also where the broader @datafdn angle starts to make more sense. Because once AI data starts coming from real people, the infrastructure around that data matters more too. The old IP narrative always sounded big, but AI training data feels like a much clearer wedge because there is already obvious demand for better, rights-cleared, human-contributed data. That’s why I’ve been paying more attention to the amount of AI data being registered on DATA Network lately. From what’s publicly visible, DATA Network is moving toward registering 1B+ existing AI training data assets over the next year, while millions of new assets continue to be contributed every day through ecosystem apps like Numo. Overall, I think companies will need more real content from real people to get more accurate data that makes AI products more useful (and hopefully less likely to hallucinate, lol). But anyways, this feels like a step in the right direction from where we originally started with AI, because better models still matter, but without better data, the output will always hit a ceiling.

Name & Symbol: DATA Network ($DATAIP)
Address: 0xa37eded373c5cdf88644db7c6b89f222e756afb2

My personal ranking of the best crypto cards available in US ↓ https://t.co/AM8jxsVJAW has tiers based on card adoption metrics which is already useful; I tried to rank by usability. Tier S: @Plasma, @ether_fi I spend most with these two + have some $$ deposited to earn APY. Plasma earns cashback in XPL, EtherFi – in ETH. Tier A: @KASTxyz, @xplaceapp, @coinbase card XPlace is imo a very undervalued crypto card, under the radar play Tier B: @lava_xyz, @hyperbeat, @Cypher_HQ_ All three are cool, each with some unique features (like BTC yield in the case of Lava) Tier C: @itstuyo, @useTria Tuyo is an emerging one with an interesting concept; might go higher. Tria has some community sceptisism recently, so I can't put it higher – but still on the list. What's your ranking?

Name & Symbol: Tria ($TRIA)
Address: 0xb0b92de23baa85fb06208277e925ced53edab482

My personal ranking of the best crypto cards available in US ↓ https://t.co/AM8jxsVJAW has tiers based on card adoption metrics which is already useful; I tried to rank by usability. Tier S: @Plasma, @ether_fi I spend most with these two + have some $$ deposited to earn APY. Plasma earns cashback in XPL, EtherFi – in ETH. Tier A: @KASTxyz, @xplaceapp, @coinbase card XPlace is imo a very undervalued crypto card, under the radar play Tier B: @lava_xyz, @hyperbeat, @Cypher_HQ_ All three are cool, each with some unique features (like BTC yield in the case of Lava) Tier C: @itstuyo, @useTria Tuyo is an emerging one with an interesting concept; might go higher. Tria has some community sceptisism recently, so I can't put it higher – but still on the list. What's your ranking?

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

I think I just found a very interesting stablecoin design. @Realfi_co is running a 2-token structure on Cardano, with a native EVM launch scheduled shortly after, to separate the peg from the risk. In most RWA stablecoins, the token itself carries the variability. Here, there's a separate layer that absorbs that movement before it reaches the peg. Basically, sUSDr holds the reserve position and takes the hit first, so USDr stays stable. Structurally, it behaves more like a buffer than a typical stablecoin design. They're kicking off Phase 1 of the testnet on July 6. I think much more will be coming from them. Check it out here: https://t.co/fJPiVR2vsU I'll expand on this in an upcoming post.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

Canton owns 83% of all tokenized RWA value onchain. That's more than $335B in value and an RWA count of > 7,900. What's interesting to me is that there's only one perp DEX on this chain where you can trade RWAs. Talking about @Canborsa_DEX, which just moved from beta to official release. It already has: • 6,000+ registered users • 10,000+ swap/trade transactions processed • $1M+ in trade volume Considering this is a unique narrative that no other DEX on Canton has, I'm not going to miss out on stacking some points here. Quests are fairly easy to complete as well. I opened and closed a perp trade on SPCX, and they credited the points instantly. Same as Ondo perps, it's a great opportunity to join and position while it's still early. If you're interested in trying it out, you can use my link to join and get a 3x Canborsa Points Bonus for your first deposit until July 10: https://t.co/3wqkypUI30

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3