It's pure mayhem on the Robinhood chain at the moment. There's around $300-500M daily DEX volume and 900K+ weekly active addresses. IMO, a good strategy would be to use this momentum to farm LP rewards on Robinhood. I've personally allocated funds to 3 different pools: 1. CASHCAT/USDG 2. PONS/USDG 3. USDG/VIRTUAL I've done this through the shared liquidity layer on @1inch called Aqua, since it allows me to back multiple positions with 1 token (in this example, USDG). It's the only way to keep my balance active and utilize it fully across all three pairs and price ranges. They kicked off a $1,000,000 incentive program along with the product launch, so I also opened a separate 1INCH/VIRTUAL position for it. It currently earns rewards in both 1INCH and USDC through Merkl. The pool has around $19K in liquidity right now, so the APY is very high (170%). I've been cautious about deploying capital due to recent hacks, but they already got audited by 8 independent teams, including Hexens, OpenZeppelin, Bailsec, and Nethermind, and my funds remain in my wallet at all times. Great opportunity if you ask me. Now let's see those fees rake in.

Name & Symbol: Virtuals Protocol ($VIRTUAL)
Address: 0x0b3e328455c4059eeb9e3f84b5543f74e24e7e1b

Yield is useful for idle assets, but not for having usable capital. I personally hate it when my capital is stuck in one app, and I can’t use it anywhere else. The solution? Composable yield. strUSD from @tori_finance is a brand new asset built around this idea. It's backed by ~$50M in protocol reserves, with a 100.58% collateral ratio. You get the asset by staking trUSD on Tori's dashboard. The APY is also very decent (~10% variable APY), while strUSD remains usable across several established DeFi protocols, like: • Pendle - lets holders choose between fixed and variable yield • Morpho - turns strUSD into collateral • Curve - adds liquidity opportunities • Royco - turns the asset into exposure with different risk levels So the position keeps earning while giving holders several ways to manage liquidity and risk. I like that the choice remains with the user. This is precisely how I think a useful yield-bearing asset should work.

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

The @arc mainnet launch is one of the more exciting upcoming launches. I've talked before about how most chains spend years trying to manufacture demand, but in Arc's case it's completely different. That's because it's heading toward mainnet with direct access to Circle’s existing products and distribution. Just look at the scale @circle already has through USDC: → $73B in circulation → Issued across 35 networks → 63% of stablecoin transaction volume in Q1 2026 Circle’s payment network has also reached an $8.3B annualized run rate. Of course, those numbers won’t automatically become activity on Arc. But Arc doesn’t need to prove that USDC is useful. It needs to give Circle’s existing users a reason to settle more of their activity on its own chain. The $222M presale, backed by BlackRock, Apollo, a16z and ICE, gives it serious institutional support too. A pretty strong setup before mainnet launch, if you ask me.

Name & Symbol: AI Rig Complex ($arc)
Address: 61V8vBaqAGMpgDQi4JcAwo1dmBGHsyhzodcPqnEVpump

Hmmm very interesting RWA holders +37.13% in 30 days while distributed value only +3.94% so adoption is widening, but not (yet) deepening. Some data I pulled ↓ @RWA_xyz: • Distributed Asset Value: $36.82B (+3.94% vs 30d); • Represented Asset Value: $380.17B (+1.66% vs 30d); • Total Asset Holders: 1,345,090 (+37.13% vs 30d); • Total Stablecoin Value: $297.88B (+0.05% vs 30d); • Total Stablecoin Holders: 277.44M (+3.11% vs 30d). @a16zcrypto: • Tokenized stocks: market cap ~$1.7B (5x YoY from $329M); • AI/chips rose to 15.5% of tokenized stock cap; • June transfer volume $9.22B (≈170x June 2025 $53M). @BinanceResearch: • Private credit monthly inflows +$883M; • Centrifuge’s JAAA hit $200M on Solana; • Tradable shows ~$1.7B tradable private positions. @Ondo: • Tokenized asset holders surpassed 1M (single-week ~200k jump); • BlackRock’s BUIDL at $2.93B AUM; • Avalanche doubled to ~$900M in a July week. @TokenInsight: • TradFi perpetuals/derivatives monthly trading volume rose from $52B (Jan) to $268B (June); • Bitget Q2 volume $69B (11.01% market share). How do we read this? Growth is concentrated in products that remove specific TradFi frictions – geographic access (tokenized stocks), illiquidity + yield (private credit), settlement lag (tokenized Treasuries), and market-hours/FX friction (perpetuals). I nfrastructure (custody, FINRA authorizations, BNY/DTCC pilots) is shifting risk from proof-of-concept to operational execution, which attracts both retail and institutional flows but in different forms. This is an adoption inflection where breadth is outrunning depth: many more holders, but modestly more dollars. Tokenized stocks and perpetuals look retail/momentum-driven (fast growth, concentration risk in AI/chips), while private credit and Treasuries are the cleaner signal of TradFi integration – real capital and operational commitments (custody, settlement rails).

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

Crypto card spend volume has been climbing since 2024. Most of this volume comes from just a few neobanks. These are the top 10 neobanks by weekly spend volume: 1. @RedotPay | $25.7M 2. @KASTxyz | $16.6M 3. @ether_fi | $5.8M 4. @Karta_Personal | $5.5M 5. @useTria | $1.5M 6. @Plasma One | $1.3M 7. @KoloHub | $1.2M 8. @gnosispay | $536K 9. @avici | $271K 10. @MetaMask | $207K RedotPay used to be in the lead. Now, the distribution is much more even. I bet that it'll look very different a month from now.

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

Crypto card spend volume has been climbing since 2024. Most of this volume comes from just a few neobanks. These are the top 10 neobanks by weekly spend volume: 1. @RedotPay | $25.7M 2. @KASTxyz | $16.6M 3. @ether_fi | $5.8M 4. @Karta_Personal | $5.5M 5. @useTria | $1.5M 6. @Plasma One | $1.3M 7. @KoloHub | $1.2M 8. @gnosispay | $536K 9. @avici | $271K 10. @MetaMask | $207K RedotPay used to be in the lead. Now, the distribution is much more even. I bet that it'll look very different a month from now.

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

Around 515.2M $NIGHT was removed from Wanchain’s Cardano-side bridge treasury. That was roughly 98% of the bridge’s NIGHT reserves, reducing them from around 527M to just 12M. Onchain analysis It’s important to remember that this wasn’t an exploit of Cardano or @MidnightNtwrk. The vulnerability affected @wanchain_org’s third-party bridge connecting Cardano and BNB Chain. Basically, the attacker didn’t need to steal anyone’s private key. They found a flaw that let them take a real approval meant for one withdrawal and reuse it to withdraw different funds. The bridge still accepted the approval as valid because the withdrawal data was formatted badly. My verdict: Midnight’s network appears unaffected. However, $NIGHT’s price did drop after the attack, which hurt a lot of the holders. But the bigger risk, IMO, is for people holding Wanchain’s wrapped NIGHT on BNB Chain, because there may no longer be enough real NIGHT backing those tokens. Until Wanchain explains what happened to the funds and how it plans to restore the missing reserves, I’d avoid using Wanchain for now.

Name & Symbol: Midnight ($NIGHT)
Address: 0xfe930c2d63aed9b82fc4dbc801920dd2c1a3224f

There's an important thing to remember with @Plasma's Android rollout. It came with one strong incentive: new users who verify their identity and deposit at least $100 receive Core membership free for six months. → 3% base cashback on eligible card purchases, paid in XPL → 5% cashback on eligible AI spending → A ChatGPT Go subscription → 1% referral rewards → Reduced fees Plus a few other smaller perks. Plasma added 11K+ new cardholders after launching on Android, and the daily spend hit around $795K, a record. That's a strong launch, but it shouldn't be treated as the new baseline yet because the real test is how many of those users keep spending once the free Core membership expires. Plasma One is a solid card overall, so I'm curious to see what Android retention looks like six months out.

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

Around 515.2M $NIGHT was removed from Wanchain’s Cardano-side bridge treasury. That was roughly 98% of the bridge’s NIGHT reserves, reducing them from around 527M to just 12M. Onchain analysis It’s important to remember that this wasn’t an exploit of Cardano or @MidnightNtwrk. The vulnerability affected @wanchain_org’s third-party bridge connecting Cardano and BNB Chain. Basically, the attacker didn’t need to steal anyone’s private key. They found a flaw that let them take a real approval meant for one withdrawal and reuse it to withdraw different funds. The bridge still accepted the approval as valid because the withdrawal data was formatted badly. My verdict: Midnight’s network appears unaffected. However, $NIGHT’s price did drop after the attack, which hurt a lot of the holders. But the bigger risk, IMO, is for people holding Wanchain’s wrapped NIGHT on BNB Chain, because there may no longer be enough real NIGHT backing those tokens. Until Wanchain explains what happened to the funds and how it plans to restore the missing reserves, I’d avoid using Wanchain for now.

Name & Symbol: Midnight ($NIGHT)
Address: 0xfe930c2d63aed9b82fc4dbc801920dd2c1a3224f

There's an important thing to remember with @Plasma's Android rollout. It came with one strong incentive: new users who verify their identity and deposit at least $100 receive Core membership free for six months. → 3% base cashback on eligible card purchases, paid in XPL → 5% cashback on eligible AI spending → A ChatGPT Go subscription → 1% referral rewards → Reduced fees Plus a few other smaller perks. Plasma added 11K+ new cardholders after launching on Android, and the daily spend hit around $795K, a record. That's a strong launch, but it shouldn't be treated as the new baseline yet because the real test is how many of those users keep spending once the free Core membership expires. Plasma One is a solid card overall, so I'm curious to see what Android retention looks like six months out.

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

Airdrop farming has been -EV lately. But this hasn't stopped me from writing down some high-potential airdrop plays. Here are 10 that can drop BIG money down the line: 1/ @Polymarket Obvious play. They'll launch their own chain (confirmed), and they've already teased a native token. 2/ @xStocksFi You already know my view on RWA in general. It has huge growth potential, and xStocks is one of the few platforms that has live onchain equities. 3/ @OndoPerps I've been talking nonstop about this one. It's a project from one of the biggest RWA projects on the market (Ondo). My conviction is very high. 4/ @unitxyz Farming it also gives you exposure to Hyperliquid’s next airdrop. It's essentially a 2-in-1 play. 5/ @arcus_xyz We've seen how Robinhood singlehandedly brought the crypto space back on its legs. Robinhood + dYdX + 24/7 stock trading + 0 fees. That's a pretty strong backbone. 6/ @Theo_Network Ethena, but for Gold. Nuff said. 7/ @extendedapp Built by the ex-Revolut crypto team, with eToro as a strategic backer. Quite overfarmed, though. 8/ @onrefinance Exposure to reinsurance-backed yield (unrelated to crypto price action, so good for diversification), and the 4th biggest RWA asset on Solana. 9/ @bulktrade Solana's most serious attempt at a real perp DEX. Apparently, 30% will be allocated for the airdrop. Pre-deposits are live right now, which means you have an early opportunity to position for the a 10/ @PhoenixTrade The way they built out their system points towards a hidden upcoming airdrop. Nothing is confirmed here, though. The team even officially denies it.

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

Airdrop farming has been -EV lately. But this hasn't stopped me from writing down some high-potential airdrop plays. Here are 10 that can drop BIG money down the line: 1/ @Polymarket Obvious play. They'll launch their own chain (confirmed), and they've already teased a native token. 2/ @xStocksFi You already know my view on RWA in general. It has huge growth potential, and xStocks is one of the few platforms that has live onchain equities. 3/ @OndoPerps I've been talking nonstop about this one. It's a project from one of the biggest RWA projects on the market (Ondo). My conviction is very high. 4/ @unitxyz Farming it also gives you exposure to Hyperliquid’s next airdrop. It's essentially a 2-in-1 play. 5/ @arcus_xyz We've seen how Robinhood singlehandedly brought the crypto space back on its legs. Robinhood + dYdX + 24/7 stock trading + 0 fees. That's a pretty strong backbone. 6/ @Theo_Network Ethena, but for Gold. Nuff said. 7/ @extendedapp Built by the ex-Revolut crypto team, with eToro as a strategic backer. Quite overfarmed, though. 8/ @onrefinance Exposure to reinsurance-backed yield (unrelated to crypto price action, so good for diversification), and the 4th biggest RWA asset on Solana. 9/ @bulktrade Solana's most serious attempt at a real perp DEX. Apparently, 30% will be allocated for the airdrop. Pre-deposits are live right now, which means you have an early opportunity to position for the a 10/ @PhoenixTrade The way they built out their system points towards a hidden upcoming airdrop. Nothing is confirmed here, though. The team even officially denies it.

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

Airdrop farming has been -EV lately. But this hasn't stopped me from writing down some high-potential airdrop plays. Here are 10 that can drop BIG money down the line: 1/ @Polymarket Obvious play. They'll launch their own chain (confirmed), and they've already teased a native token. 2/ @xStocksFi You already know my view on RWA in general. It has huge growth potential, and xStocks is one of the few platforms that has live onchain equities. 3/ @OndoPerps I've been talking nonstop about this one. It's a project from one of the biggest RWA projects on the market (Ondo). My conviction is very high. 4/ @unitxyz Farming it also gives you exposure to Hyperliquid’s next airdrop. It's essentially a 2-in-1 play. 5/ @arcus_xyz We've seen how Robinhood singlehandedly brought the crypto space back on its legs. Robinhood + dYdX + 24/7 stock trading + 0 fees. That's a pretty strong backbone. 6/ @Theo_Network Ethena, but for Gold. Nuff said. 7/ @extendedapp Built by the ex-Revolut crypto team, with eToro as a strategic backer. Quite overfarmed, though. 8/ @onrefinance Exposure to reinsurance-backed yield (unrelated to crypto price action, so good for diversification), and the 4th biggest RWA asset on Solana. 9/ @bulktrade Solana's most serious attempt at a real perp DEX. Apparently, 30% will be allocated for the airdrop. Pre-deposits are live right now, which means you have an early opportunity to position for the a 10/ @PhoenixTrade The way they built out their system points towards a hidden upcoming airdrop. Nothing is confirmed here, though. The team even officially denies it.

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

Privacy in crypto keeps evolving constantly. Quick rundown of what happened in crypto privacy over the last 7 days ↓ @iEx_ec: Opened the WTF hackathon for privacy-first apps built with Nox. Integrated dstack from Phala Network into Nox's Chain of Trust. @Arcium: Processed over 2M encrypted computations. @MidnightNtwrk: Launched several hackathons and builder programs to onboard privacy-first devs. @nillion: Closed the Operator Guild submissions. @PhalaNetwork: Launched their Foundation account on X. @fhenix: Partnered with SedonaFi to bring CoFHE encrypted banking to Arbitrum (hidden balances, private positions). @ZcashFoundation: Endorsed Zakura, a new Zcash full node built from the Zebra codebase. @noir_wallet: Launched Noir Desktop App.

Name & Symbol: Arcium ($ARX)
Address: 0xd5f6ef5deabe61e6d5cdb49bfb6f156f2c1ca715

Privacy in crypto keeps evolving constantly. Quick rundown of what happened in crypto privacy over the last 7 days ↓ @iEx_ec: Opened the WTF hackathon for privacy-first apps built with Nox. Integrated dstack from Phala Network into Nox's Chain of Trust. @Arcium: Processed over 2M encrypted computations. @MidnightNtwrk: Launched several hackathons and builder programs to onboard privacy-first devs. @nillion: Closed the Operator Guild submissions. @PhalaNetwork: Launched their Foundation account on X. @fhenix: Partnered with SedonaFi to bring CoFHE encrypted banking to Arbitrum (hidden balances, private positions). @ZcashFoundation: Endorsed Zakura, a new Zcash full node built from the Zebra codebase. @noir_wallet: Launched Noir Desktop App.

Name & Symbol: Arcium ($ARX)
Address: 0xd5f6ef5deabe61e6d5cdb49bfb6f156f2c1ca715

The big idea with this card is that your assets sit in yield-generating vaults while remaining available to spend. I actually like that a lot, because I can remember a handful of times when I wanted to spend some of my money, then remembered it was locked up in a vault somewhere, lol. But anyways, this is still an upcoming feature. Also, @Plasma and @ether_fi already offer similar setups, either letting users spend from yield-bearing balances or borrow against them for purchases. What makes @StartaleGroup different is the combo: a card built into the app + a USDSC Earn Vault with rewards backed by short-term US Treasuries. Let’s see if it delivers.

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

The big idea with this card is that your assets sit in yield-generating vaults while remaining available to spend. I actually like that a lot, because I can remember a handful of times when I wanted to spend some of my money, then remembered it was locked up in a vault somewhere, lol. But anyways, this is still an upcoming feature. Also, @Plasma and @ether_fi already offer similar setups, either letting users spend from yield-bearing balances or borrow against them for purchases. What makes @StartaleGroup different is the combo: a card built into the app + a USDSC Earn Vault with rewards backed by short-term US Treasuries. Let’s see if it delivers.

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

There is already around $1.47B in DeFi TVL sitting on @provenancefdn. In a nutshell, Provenance is blockchain infra for tokenized finance. So instead of being built around speculative crypto liquidity only, it is used for things like real-world lending, tokenized assets, and financial workflows. But the important detail is that this number is mostly driven by @Figure. Figure Markets alone is sitting at around $1.5B in TVL on Provenance, with more than $3.2B in 30d DEX volume and over $15B in cumulative DEX volume. That is what makes the Provenance number different from a normal DeFi chain. Figure is the product layer, and Provenance is the blockchain underneath it. So when users interact with Figure’s lending, trading, or yield products, that activity settles on Provenance and shows up in the chain’s TVL. So IMO, the Provenance story is not just about TVL sitting onchain. It is about real financial products pushing activity through the chain in the background. A lot of RWA chains are still selling the future. Provenance already has a big chunk of value showing up today.

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

There is already around $1.47B in DeFi TVL sitting on @provenancefdn. In a nutshell, Provenance is blockchain infra for tokenized finance. So instead of being built around speculative crypto liquidity only, it is used for things like real-world lending, tokenized assets, and financial workflows. But the important detail is that this number is mostly driven by @Figure. Figure Markets alone is sitting at around $1.5B in TVL on Provenance, with more than $3.2B in 30d DEX volume and over $15B in cumulative DEX volume. That is what makes the Provenance number different from a normal DeFi chain. Figure is the product layer, and Provenance is the blockchain underneath it. So when users interact with Figure’s lending, trading, or yield products, that activity settles on Provenance and shows up in the chain’s TVL. So IMO, the Provenance story is not just about TVL sitting onchain. It is about real financial products pushing activity through the chain in the background. A lot of RWA chains are still selling the future. Provenance already has a big chunk of value showing up today.

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

Yield campaigns rarely have proper incentives. Most are just temporary TVL inflations on empty chains. Naturally, I trust the campaign APR numbers on established chains like @trondao more than on other random chains trying to bootstrap usage. It already has: → $2T+ in stablecoin payments settled → $26B+ in TVL → One of the largest USDT bases in crypto I joined this new TRON DeFi Summer S1 campaign, which has a big reward pool ($4.5M) and boosted APR incentives. It's super flexible, since you can deposit/withdraw at any time without any lock-up periods. IMO, the best play is to participate via Binance Wallet to share $300,000 in TRX rewards, then stack more rewards by supplying USDD on JustLend DAO (TVL is $400M+). Another great feature is that gas is handled in the background. Activated TRON addresses get a daily subsidy that reduces onchain costs, so the entire flow feels almost free. I've linked the step-by-step guide below on how to participate.

Name & Symbol: aPriori ($APR)
Address: 0x299ad4299da5b2b93fba4c96967b040c7f611099

Nah, crypto float doesn't work the way bank float does. In traditional finance, float is sticky because moving money has a cost: → New KYC → Payroll changes → Statements → Tax/admin work That friction is what turns balances into a durable moat. Crypto card float is much more fragile. Once the balance is onchain or easy to withdraw, a user can move it to another card, a yield app, or a self-custody wallet in minutes. @Plasma shows this point clearly. It holds $5.07M across 10,832 wallets, roughly the same amount @RedotPay holds across 344,040 wallets. The obvious difference is yield. Yield explains why Plasma has more idle balance per wallet, but that doesn’t make card float the same as bank float. Crypto users can keep money in DeFi, move it to a crypto card when they want to spend, then move it back without keeping large balances parked there all month. I believe that whichever app becomes the easiest and most secure one for holding, spending, and moving stablecoins wins the float.

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

So how do you actually judge the value of a token? Welp, I've taken it upon myself to give you the ELI5 version. For starters, a protocol doing well and a token doing well are not always the same thing because a project can have real usage, strong revenue, and a lot of activity, while the token still performs badly if holders do not capture any of that value. The simple framework is Token Revenue vs Token Emissions, and the token revenue is the value going back to the token through things like: → buybacks → burns → distributions → other holder-aligned mechanisms So while token Emissions are the cost side, any new supply entering the market can dilute existing holders and make it harder for the token to move up. "So when a token has revenue flowing back to it, that’s bullish, right?" Well, not exactly, because if a protocol generates $10M for the token but emits $100M worth of supply, you are still fighting a losing battle. So yeah, good protocol ≠ good token.

Name & Symbol: TokenFi ($TOKEN)
Address: 0x4507cef57c46789ef8d1a19ea45f4216bae2b528

Rating the onboarding process of crypto cards ↓ Etherfi → 10/10 Tuyo → 10/10 KAST → 9.5/10 Avici → 9/10 Ready → 8.5/10 Gnosis → 8/10 Payy → 7/10 Pyra → 7/10 Orbit → 6.5/10 Do you agree?

Name & Symbol: ORBIT ($GRIFT)
Address: GekTNfm84QfyP2GdAHZ5AgACBRd69aNmgA5FDhZupump

Alongside adoption, the RWA sector also has an institutional problem. Most RWA chains push compliance onto the issuers building on top of them. The base layer processes transactions and leaves licensing, reserves, and accountability to each project. This means institutions have to trust every issuer separately, on a chain promising the opposite. There's one RWA project, @BlockmazeRWA, that has compliance built into the protocol itself: → Issuers pass KYC at the chain level → Legal authorization required before any token deployment → Proof-of-reserves schedules enforced by the protocol, not the issuer You can't ship a non-compliant asset here the way you can on other RWA chains. The project is backed by Finvasia Group, which has spent 15+ years running regulated finance and trading infrastructure, so they're fully aware of what institutions need before deploying. I believe that crypto teams learning compliance is a slower path than compliance teams learning crypto. Strongly suggest you follow @BlockmazeRWA and deep dive into their architecture and vision.

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

Most users don't know it, but they're indirectly using DeFi through the @RobinhoodApp. Robinhood started packaging lending, yield, stocks, and perps in a way that feels normal to retail. Its current stack already has: → Lending: @Morpho → Yield: @sparkdotfi | @ethena_labs | @maplefinance → Stocks trading: @Uniswap | @Lighter_xyz | @arcus_xyz | @1inch | Rialto → Perps: @Lighter_xyz → Data & interoperability: @chainlink Users will just see normal app features like Earn, stock tokens, and perps, with the crypto infrastructure hidden in the background. It's a very clean setup if you ask me. They've also just introduced the new Robinhood chain, which already has 100+ apps/tools live. You can see the entire ecosystem map below ↓

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

Alongside adoption, the RWA sector also has an institutional problem. Most RWA chains push compliance onto the issuers building on top of them. The base layer processes transactions and leaves licensing, reserves, and accountability to each project. This means institutions have to trust every issuer separately, on a chain promising the opposite. There's one RWA project, @BlockmazeRWA, that has compliance built into the protocol itself: → Issuers pass KYC at the chain level → Legal authorization required before any token deployment → Proof-of-reserves schedules enforced by the protocol, not the issuer You can't ship a non-compliant asset here the way you can on other RWA chains. The project is backed by Finvasia Group, which has spent 15+ years running regulated finance and trading infrastructure, so they're fully aware of what institutions need before deploying. I believe that crypto teams learning compliance is a slower path than compliance teams learning crypto. Strongly suggest you follow @BlockmazeRWA and deep dive into their architecture and vision.

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

MC / Ann Rev experiment: Week 3 Update Three weeks ago, I bought $1,000 of each asset with a low MC / annualized revenue. Last week the profit cooled to +$688. This week it more than doubled. - Original basket: $10,000 invested - Current PnL: +$1,550.43 - ROI: +15.5% ORE and MPLX both flipped from red to green this week, and PUMP got back most of last week's loss. The new addition, MAPLE, more than made up for GMX's idle price action. Will pull the plug for @helium (HNT) next week. Gave it many chances, and I'm not gonna let it ruin the fun I'm having so far. In all honesty, this metric might be a hidden gold mine.

Name & Symbol: Metaplex ($MPLX)
Address: 0x75a5863a19af60ec0098d62ed8c34cc594fb470f

MC / Ann Rev experiment: Week 3 Update Three weeks ago, I bought $1,000 of each asset with a low MC / annualized revenue. Last week the profit cooled to +$688. This week it more than doubled. - Original basket: $10,000 invested - Current PnL: +$1,550.43 - ROI: +15.5% ORE and MPLX both flipped from red to green this week, and PUMP got back most of last week's loss. The new addition, MAPLE, more than made up for GMX's idle price action. Will pull the plug for @helium (HNT) next week. Gave it many chances, and I'm not gonna let it ruin the fun I'm having so far. In all honesty, this metric might be a hidden gold mine.

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

429 wallets have each locked 100,000 $XPL to get a Plasma One Platinum card. This means ~4M $XPL have already been removed from circulation for a year. It takes just ~2,000 more depositors to lock up 10% of the XPL circulating supply. Can this happen? https://t.co/VgzgKHGRc4

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

There's a reason @datafdn has been seeing more activity lately. Open Trace, their tool for auditing AI data, and you'll see the AI data being registered consistently. Story switched to licensing data to AI companies offchain. This leaves registrations as the only current onchain signal that's still relevant. Let's break it down ↓ 1/ Where DATA's revenue comes from DATA Foundation is easy to misread if you treat it like a regular L1. Most people judge chains by fees, volume, and active users. By that standard, but there are better metrics to be looking at in this case. The chain is currently focused on getting real-world training data registered onchain so it can be licensed. The licensing itself, where the revenue is, happens offchain. So low onchain fees aren't a problem, they're just the model working as intended. Now that there's 1 to 5 million assets registered per day, on track to register 1 billion due to their partnership with @usekled, I think it would be wise to monitor their chain activity as these numbers continue to flow upward 2/ Explaining registrations A year ago, this was mostly creative work, art, characters, and music: - Songs from Bieber, Blackpink, and BTS tokenized through Aria - Brands like Crocs and Adidas onboarded through Ablo By late 2025, this had grown to over 20M IPs registered across 200+ teams, with $100M+ bridged into the protocol. That's the base. With Chapter 2, DATA (then called Story at the time) aimed the whole protocol at AI training data. Think dashcam footage of a rare road moment, the real-world data that robots and self-driving cars need and can't get from other platforms like Reddit. When you register a dataset, four things get defined upfront: - What it is and who owns it - How it can be used, and by whom - What it costs to license - How the owner gets paid when someone uses it That's what turns raw footage into something an AI company can license and pay for without any lawyers. 3/ The data's origin @datafdn isn't out collecting this data itself. The setup is public. It incubated a project called Poseidon that runs the supply side, organizing how real-world data gets captured, labeled, and licensed, then registered onchain. How it works: the first version of the data registered becomes the "parent." Anyone who works on it after (labels, edits, synthetic versions) registers their contribution as a "child" linked to that parent. When the data later gets licensed, payment flows back through the chain to everyone in the loop. @psdnai raised $15M from a16z and is run by DATA Foundation's Chief AI Officer, a Stanford PhD who teaches robotics. I mention that because every other project in crypto right now is pitching some AI angle, but a funded team with a real robotics researcher running it is much harder to fake. Poseidon doesn't run this loop alone. Stability AI builds the apps that track IP contributions while AI models actually use the data, and OpenLedger enforces the license terms during training. Together, they cover what happens to a dataset after it's registered. That whole setup (data sourcing, licensing, enforcement) used to live inside companies like Scale AI and Mercor. Meta's near-acquisition of Scale earlier this year pulled the biggest player out of the open market, and now Poseidon is moving into that gap. 4/ My take Scraping the web for training data keeps getting legally messier, big companies want data they can prove they're allowed to use, and the most valuable data, the physical-world kind, is exactly what you can't scrape anyway. If that pressure keeps building, a registry of licensed, ready-to-use data already sitting there is a good place to be. Tbh, I think the people who wrote DATA off are gonna feel bad about it in the next few months.

Name & Symbol: Story ($IP)
Address: 0x4d6394bc3031f751edce368c189b0e060b527107

Like it or not, memecoins make up a huge part of crypto valuations, with around $25B in market cap. But even with all that activity, I know a lot of people who are just stuck holding their bag waiting for price rebounds. @purintaxyz is the only project dedicated to building infrastructure to put your idle memecoins to work using @Morpho markets. They let you borrow/lend USDC against top memecoins. The idea is that memecoins are actually a better collateral option than traditional DeFi assets because the risk is easier to manage. Right now, they support PEPE and SPX6900 as collateral, with more meme assets planned in future updates. They're currently offsetting all borrowing interest through a Merkl incentive campaign, so if you wanna try it out, do it now while borrowing is free. Not saying this removes the risk, but if you’re already holding memes, having the option to put those bags to work is pretty interesting IMO. Check it out here: https://t.co/clyysWQqKj

Name & Symbol: SPX6900 ($SPX)
Address: 0xe0f63a424a4439cbe457d80e4f4b51ad25b2c56c

429 wallets have each locked 100,000 $XPL to get a Plasma One Platinum card. This means ~4M $XPL have already been removed from circulation for a year. It takes just ~2,000 more depositors to lock up 10% of the XPL circulating supply. Can this happen? https://t.co/VgzgKHGRc4

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

MC / Ann Rev experiment: Week 2 Update Two weeks ago, I bought $1,000 of each asset with a low MC / annualized revenue. Last week, the portfolio was up $960. This week, profit cooled down a bit, but the experiment is still green: • Original basket: $10,000 invested • Current PnL: +$688.10 • ROI: +6.9% The gains are still mostly from MET, CARDS, and AERO, which are all up more than 40% each. I also added two new assets to the experiment this week: GMX and MAPLE. That brings the total invested amount to $12,000, but I’ll track them separately next week since they were added at the current snapshot. HNT and PUMP are the biggest drags so far. Let's see if that changes.

Name & Symbol: Meteora ($MET)
Address: METvsvVRapdj9cFLzq4Tr43xK4tAjQfwX76z3n6mWQL

MC / Ann Rev experiment: Week 2 Update Two weeks ago, I bought $1,000 of each asset with a low MC / annualized revenue. Last week, the portfolio was up $960. This week, profit cooled down a bit, but the experiment is still green: • Original basket: $10,000 invested • Current PnL: +$688.10 • ROI: +6.9% The gains are still mostly from MET, CARDS, and AERO, which are all up more than 40% each. I also added two new assets to the experiment this week: GMX and MAPLE. That brings the total invested amount to $12,000, but I’ll track them separately next week since they were added at the current snapshot. HNT and PUMP are the biggest drags so far. Let's see if that changes.

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

MC / Ann Rev experiment: Week 2 Update Two weeks ago, I bought $1,000 of each asset with a low MC / annualized revenue. Last week, the portfolio was up $960. This week, profit cooled down a bit, but the experiment is still green: • Original basket: $10,000 invested • Current PnL: +$688.10 • ROI: +6.9% The gains are still mostly from MET, CARDS, and AERO, which are all up more than 40% each. I also added two new assets to the experiment this week: GMX and MAPLE. That brings the total invested amount to $12,000, but I’ll track them separately next week since they were added at the current snapshot. HNT and PUMP are the biggest drags so far. Let's see if that changes.

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

Neobanks annualized revenue ↓ RedotPay: $150M KAST: $78M Wirex: $40M EtherFi: $35M Tria: $8M Gnosis: $6M Cypher: $4M Data: @OpenRatelive https://t.co/ADtTn4D7U8

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

“Institutional adoption” is making a full 180° turn. For years, everyone waited for pensions and sovereign wealth funds to show up as the bid. Now, Franklin Templeton is building the products to sell to them. Franklin just: → Closed its 250 Digital acquisition → Launched Franklin Crypto (a dedicated crypto division) → Grew its tokenized asset suite from ~$768M to $2.5B in a year → Filed two ETFs that turn stock dividends into BTC exposure Over that same stretch, the broader onchain RWA market grew from ~$11.8B to ~$32.3B. For context, Franklin manages $1.78T. The sad part: institutions probably won’t enter crypto the way CT wanted it. They’re not opening exchange accounts and buying spot tokens like the rest of us. They’ll basically enter through wrappers, managed strategies, tokenized funds, collateral products, and ETFs. A lesson there.

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

Neobanks annualized revenue ↓ RedotPay: $150M KAST: $78M Wirex: $40M EtherFi: $35M Tria: $8M Gnosis: $6M Cypher: $4M Data: @OpenRatelive https://t.co/ADtTn4D7U8

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

Neobanks annualized revenue ↓ RedotPay: $150M KAST: $78M Wirex: $40M EtherFi: $35M Tria: $8M Gnosis: $6M Cypher: $4M Data: @OpenRatelive https://t.co/ADtTn4D7U8

Name & Symbol: Cypher ($CYPR)
Address: 0xd262a4c7108c8139b2b189758e8d17c3dfc91a38

Neobanks are on fire lately. Latest updates: → @Plasma launched Plasma One, with Core Tier free for early users → @KASTxyz is giving away 3 different limited-edition @pudgypenguins collectibles according to a user's card spend ($10, $100, $1000) → @ether_fi opened its Liquid RWA Vault with @plumenetwork and switched cashback to USDC → @SolidYield went live on mobile with $10 in FUSE for the first 100 users → @raincards launched Rewards, a loyalty program for stablecoin card users → @RedotPay rolled out RedotPay Pro with 3% cashback → @wirexapp introduced Wirex One with five subscription tiers → @Karta_Personal raised $140M to build credit infrastructure → @altitude expanded its business card to 150+ countries → @SlashWeb3 rolled out their beta version registration portal, where users can register for a Slash card → @AviciMoney teased its upcoming card with MetaDAO Crypto card volume is approaching $10B cumulatively, with a record $866M moved in the last month alone. And the competition is getting very fierce.

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

It looks like @coinbase is trying to win on all fronts. These updates read like a feature dump, but they map onto one strategy: owning every layer of how money moves. Look at who each piece targets: → Tokenized stocks + options: @RobinhoodApp & @xStocksFi → Unified liquidity across spot + perps: @binance & @HyperliquidX → Time-based prediction markets: @Polymarket → USDC card + BTC travel rewards: @RedotPay & @ether_fi → Lending/borrowing: @aave & @Morpho Coinbase is one of the few companies that has tried to take all of these on at once. Many of these platforms specialize in one sector. Focused teams tend to win customers over, not those that are split across every sector. I believe they're trying to bite off more than they can chew. And that will be evident pretty soon.

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

It looks like @coinbase is trying to win on all fronts. These updates read like a feature dump, but they map onto one strategy: owning every layer of how money moves. Look at who each piece targets: → Tokenized stocks + options: @RobinhoodApp & @xStocksFi → Unified liquidity across spot + perps: @binance & @HyperliquidX → Time-based prediction markets: @Polymarket → USDC card + BTC travel rewards: @RedotPay & @ether_fi → Lending/borrowing: @aave & @Morpho Coinbase is one of the few companies that has tried to take all of these on at once. Many of these platforms specialize in one sector. Focused teams tend to win customers over, not those that are split across every sector. I believe they're trying to bite off more than they can chew. And that will be evident pretty soon.

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

Stacy's point was basically this: @Plasma Platinum only makes sense if you spend a decent amount every month. And a decent amount is roughly $1,500–$2,500 in qualified card spend. Tbh, I think most people with normal jobs already spend that on groceries, bills, subscriptions, travel, work tools, etc... So if Plasma becomes your main card, the Platinum benefits are basically routing spend you already had through a card that gives something back. But there is a caveat, as always. Platinum officially requires locking 100K $XPL for 12 months, which is around $10K+ at current prices. In return, you get: → 4% base cashback → 10% cashback on AI spend → 10% cashback on flights → Claude Pro + ChatGPT Plus included → up to $600/year in flight cashback The important thing to understand is that Plasma’s “over $10K annual value” is more of a max-value scenario than an average user case. A big chunk of that number comes from Plasma’s own $7,500 base cashback estimate. But at 4% cashback, earning $7,500 back would require around $187.5K in eligible yearly spend. So the benefits are real, but the full $10K+ headline only makes sense for very high spenders. What's your main card btw?

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

Stacy's point was basically this: @Plasma Platinum only makes sense if you spend a decent amount every month. And a decent amount is roughly $1,500–$2,500 in qualified card spend. Tbh, I think most people with normal jobs already spend that on groceries, bills, subscriptions, travel, work tools, etc... So if Plasma becomes your main card, the Platinum benefits are basically routing spend you already had through a card that gives something back. But there is a caveat, as always. Platinum officially requires locking 100K $XPL for 12 months, which is around $10K+ at current prices. In return, you get: → 4% base cashback → 10% cashback on AI spend → 10% cashback on flights → Claude Pro + ChatGPT Plus included → up to $600/year in flight cashback The important thing to understand is that Plasma’s “over $10K annual value” is more of a max-value scenario than an average user case. A big chunk of that number comes from Plasma’s own $7,500 base cashback estimate. But at 4% cashback, earning $7,500 back would require around $187.5K in eligible yearly spend. So the benefits are real, but the full $10K+ headline only makes sense for very high spenders. What's your main card btw?

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

A few alts pumping means alt szn is back. Feels more like people rotating into coins while the market still looks cheap. @CoinMarketCap says altseason starts when 75% of the top 100 coins outperform BTC over the last 90 days. Right now, even with BTC correcting, we're not even close, but IMO it's still a good sign. If majors like $UNI, $AAVE, $WLD, $ONDO and other popular alts keep catching bids while BTC chops, the rotation is going to catch more attention.

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

Plasma is on track for its best month ever. They already passed their May volume record by $300K, with two full weeks still left in June. I think this number can be easily 10x higher by the end of 2026. Bookmark this. https://t.co/LrsbXWpQAW

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

A few alts pumping means alt szn is back. Feels more like people rotating into coins while the market still looks cheap. @CoinMarketCap says altseason starts when 75% of the top 100 coins outperform BTC over the last 90 days. Right now, even with BTC correcting, we're not even close, but IMO it's still a good sign. If majors like $UNI, $AAVE, $WLD, $ONDO and other popular alts keep catching bids while BTC chops, the rotation is going to catch more attention.

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

Plasma is on track for its best month ever. They already passed their May volume record by $300K, with two full weeks still left in June. I think this number can be easily 10x higher by the end of 2026. Bookmark this. https://t.co/LrsbXWpQAW

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

Neobanks have exploded in the past year. Crypto card spend is now at ~$7.8B, with monthly volume up roughly 230% over the past year. And this is no longer just people testing cards for the novelty (like myself). One thing a crypto card can do that a bank card cannot is pay yield on idle balance. Currently, some crypto cards offer that, but only on specific assets (ex. only USDC). @SolidYield is one of the very few money apps that build the entire product around this feature. Every asset you hold earns automatically, and you spend from that same pool. And it's finally on mobile, just dropped on the App Store and Google Play. You can try it here: https://t.co/q0dItZN1pB Let's dive into the product ↓ 1/ Mobile app update @SolidYield is not a new project. It's actually been live for a while. You could use all the pieces, but they were split across web, desktop, and mobile. It technically worked, but it was a bit of a hassle. With the recent Mobile App update, this friction is gone. The app brings the whole loop into one place: • Deposits • Tracking your balance • Earning on idle funds • Setting up the card • Spending through Apple Pay / Google Pay IMO, this made the UX significantly better. 2/ Infrastructure Most consumer crypto apps are stitched together at the product layer. It works, but every additional provider adds another dependency, a fee layer, or a point of operational friction. Solid sits on @Fuse_network, which puts that stack together one layer below the app: • Smart wallets through Safe • Gasless transactions via Pimlico • Biometric login via Turnkey • Yield engine Safe, Pimlico, and Turnkey are still external providers, but Fuse owns the chain and manages the integrations, allowing Solid to focus its attention elsewhere. @SolidYield also drives real usage back into Fuse, with the FUSE vault growing from 15M to over 110M FUSE since launch. 3/ Yield When you deposit a stablecoin, ETH, or FUSE into Solid, you get a yield-bearing token back (soUSD, soETH, or soFUSE) that represents your share of a vault running diversified strategies. That vault routes capital across audited protocols like Morpho, Pendle, and Veda, rebalancing in the background based on risk-adjusted yield, with no lockups and no positions to manage on the user side. Stablecoins earn around 5%. ETH is ~3% (above the ~2.4% most DeFi staking pays). FUSE runs higher than both, at ~15%. The yield itself comes from real onchain activity, lending interest and yield-bearing stablecoin primitives, not from inflationary token rewards. I firmly believe this is where the product earns its value. Every time I've managed yield by hand, I've had to deal with lockups, rotations, and unlock windows. It's a very annoying process. Solid does all of it for me in the background. 4/ My take Crypto cards need to justify themselves beyond payments. Otherwise, most users will just stick with their bank card. Cashback alone is not enough reason for people to make the switch. They have to offer something that's structurally impossible for bank cards to replicate. Yield on idle balance is precisely that differentiator. Your funds keep working, regardless of whether you're using them or not. If you've been having the same issues, you should get the Solid app on your mobile through the App Store or Google Play Store. And since it's free, I think it's worth checking out if you’re still manually chasing yield.

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

I saw that @OndoPerps is getting some attention for → its RWA perps → weekly trading rewards ($125K last week, $100K this week) → possible points-farming campaign thing. So I thought it’d be cool to share some general strats that might be useful ↓ 1. Maker-only volume farming > Place a $50K limit buy, wait for the fill, then close with a $50K limit sell. > That creates $100K in Ondo volume. > Maker fee = 0.015%, so the round trip costs around $15. > At the current reward math, $100K volume earns around $25 gross from the volume pool. > So roughly: $25 reward - $15 maker fees = ~$10 before spread, funding, hedge costs, and PnL. > Repeat this enough times and the farm starts making sense. 2. Funding-aware farming > Check funding before opening anything. > If Ondo longs are paying shorts → short Ondo and hedge long somewhere else. > If shorts are paying longs → long Ondo and hedge short somewhere else. 3. Split-size farming > Don’t open one huge position and pray for a clean fill. > Split size into smaller orders. Example: Instead of one $250K order, use 5x $50K limit orders. Better fills, less slippage, easier exits, cleaner hedging, less panic if price moves. IYKYK – hope that’s useful.

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