here's what happened with solana:CSocnzcRpgSCr1naKcNTieWZUxb6rABe45j844m7pump 22:30 → a fresh wallet receives 10,000 $pump from binance. it's the wallet linked in kimchi's vlog. 23:00:15 → a 2-year-old pumpfun wallet launches "aura final boss" ($kimchi) and buys 79.3% of the supply in the same tx. cost: 87 sol. 23:00:21 → kimchi tweets "october 2026 vlog in bio". 23:01:12 → the dev sends 75% of the supply to kimchi's wallet. 23:01:20 → the dev sells 4.3% in 36 seconds. 344 sol. 23:30 → $35m market cap. 00:15 → peak. $45m. 20 other coins dump huge chunks of their supply into kimchi's wallet. two of them route their creator fees to it: 309 sol. so who made the most money? → the dev who set it all up: ~$25k → kimchi: never bought, never sold. $33k in fees, and $24m of $kimchi on paper that he can't sell without crashing it. that's 20x the liquidity. → the traders who aped the vlog and sold the pump: top 3 made $293k, $256k and $255k. real cash. the guy who wrote the story made $25k. the guy in the story is rich on paper. the guys who read it fastest took the money.

It's getting pretty clear that @solana is the internet’s capital-formation machine!!! Solana’s edge is not throughput in isolation. It is the compression of the full lifecycle of an asset into one environment: attention → launch → price discovery → deep secondary liquidity → lending/collateral → cross-asset rotation. On other chains, those stages are fragmented. On Solana, a narrative can become a liquid market within minutes and immediately be accessible through wallets, aggregators, DEXs, launchpads and trading apps. That creates a compounding moat: 1. where the best traders are, new issuers launch 2. where issuance happens, LPs and MM's follow 3. where liquidity deepens, attention returns This is a network effect around capital velocity.. It made ~$165M in app revenue in the last 30D and this confirms people are paying to transact. Recent data showed Solana apps sustaining roughly $42M in weekly revenue, led by launchpads, trading wallets, DEXs and routing. @Pumpfun alone generated ~$50M in 30D protocol revenue while apps like @LaunchOnSF @fomo bought in roughly $40M+. While @Raydium has recently taken a large share of Solana tokenized equity DEX flow, while @JupiterExchange is adding deposit rails from RH and BNB chain. And majority of these app's tokens ($PUMP solana:4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R solana:JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN and $STONK) have direct fee routing or buyback mechanics. Right now we are heading towards this👇 (not completely achieved but this is what I think will happen) More trading activity → more SOL working capital → more SOL locked/staked/collateralized → less liquid float → durable monetary premium Remember this cycle is different because speculation is becoming a routing layer and the more interesting evolution is custom quote pairs and tokenised equity flows which imports another asset’s holders, attention and liquidity into Solana. This is the early stage version of an internet capital market: ➥ cultural assets generate distribution ➥ stock and crypto primitives supply recognizable collateral ➥ Solana provides the shared trading and settlement environment ➥ successful assets then become collateral, LP inventory or treasury assets <<< Looks like liquidity is returning to the internets capital market >>> h/t to @Blockworks for the data

It's getting pretty clear that @solana is the internet’s capital-formation machine!!! Solana’s edge is not throughput in isolation. It is the compression of the full lifecycle of an asset into one environment: attention → launch → price discovery → deep secondary liquidity → lending/collateral → cross-asset rotation. On other chains, those stages are fragmented. On Solana, a narrative can become a liquid market within minutes and immediately be accessible through wallets, aggregators, DEXs, launchpads and trading apps. That creates a compounding moat: 1. where the best traders are, new issuers launch 2. where issuance happens, LPs and MM's follow 3. where liquidity deepens, attention returns This is a network effect around capital velocity.. It made ~$165M in app revenue in the last 30D and this confirms people are paying to transact. Recent data showed Solana apps sustaining roughly $42M in weekly revenue, led by launchpads, trading wallets, DEXs and routing. @Pumpfun alone generated ~$50M in 30D protocol revenue while apps like @LaunchOnSF @fomo bought in roughly $40M+. While @Raydium has recently taken a large share of Solana tokenized equity DEX flow, while @JupiterExchange is adding deposit rails from RH and BNB chain. And majority of these app's tokens ($PUMP solana:4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R solana:JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN and $STONK) have direct fee routing or buyback mechanics. Right now we are heading towards this👇 (not completely achieved but this is what I think will happen) More trading activity → more SOL working capital → more SOL locked/staked/collateralized → less liquid float → durable monetary premium Remember this cycle is different because speculation is becoming a routing layer and the more interesting evolution is custom quote pairs and tokenised equity flows which imports another asset’s holders, attention and liquidity into Solana. This is the early stage version of an internet capital market: ➥ cultural assets generate distribution ➥ stock and crypto primitives supply recognizable collateral ➥ Solana provides the shared trading and settlement environment ➥ successful assets then become collateral, LP inventory or treasury assets <<< Looks like liquidity is returning to the internets capital market >>> h/t to @Blockworks for the data

stay alert guys, looks like binance wants its own version of solana:HcRLc9VDgjLeK154xDawfb1dmVJ98DoSqcwTHGqiDeJR. except here, it would be a dog paired with zcash. it will probably launch on @flapdotsh, but for now it’s not possible to pair with zcash. if zcash gets integrated into flap, keep an eye on this, it will send if i'm right.

Official: A new home and experience for Spark is live! → New domain: https://t.co/LRvx1WCoYP → An updated Spark App with a new Borrow experience → Isolated Markets now accessible directly through Spark → An updated website Spark Borrow now brings together two complementary ways to borrow: 1. SparkLend: multi-collateral borrowing on Ethereum mainnet. 2. Isolated Markets: single-collateral lending markets with market-specific risk parameters, expanding across chains, powered by @Morpho infrastructure and curated by Spark. A clearer way to discover, access and use Spark's on-chain credit infrastructure. Explore the new Spark Borrow experience: https://t.co/OdPHETDyeM

binance just did something it has never done before. $marscoin, launched on @flapdotsh, taxes every trade 3% and pays holders dividends in $SPCXB, tokenized spacex stock. until today those rewards only flowed onchain. for the first time, binance itself distributes them straight to your spot account: one random snapshot a day, 10k+ average holding, paid monthly. a memecoin that pays you spacex stock. new ath today.

Great breakdown from my bros at @castle_labs below 💪 Has been brutal times of late in ze brypto world... However many projects continue to kill it in various areas... @Mantle_Official is a prime example, in terms of their focus on tokenized equities and RWA's... With the former, they've seen huge success as of late via @xStocksFi and @Fluxion_network... And then also in terms of the new Pre-IPO Vaults from @OpenstockInc... But yeah... there's a tendency to view Mantle as a really old chain/project, but this really isn't the case... They only celebrated their 3rd birthday last week... And in many regards are just getting started... Especially when we consider that they began as primarily an ETH L2 and have only really been focusing on this big outward pivot into new directions over the last year or two... But yeah, highly worth reading the below... Will also link to a couple other things that are noteworthy as well... Note: Just random thoughts however we do work with Mantle via @thedailydegenhq and I own quite a bit of $MNT and etc, so as always I am bias :) But yeah, I personally think the tokenized equities + RWA stuff is only going to continue to continue growing by leaps and bounds in the coming years, so will be interesting to see how Mantle's focus on these areas works out in that regard... And then yeah make sure to follow the absolute gigabrains at @castle_labs!

i'm up 30x on $MARSCOIN bc i've been betting on 1 narrative for days: memecoins that pay dividends in real stock. $MARSCOIN listed on binance alpha today. it trades directly against SPCXB (tokenized spacex) on @flapdotsh, the og launchpad doing bStocks pairs right now. + the 3% tax doesn't feed a dev wallet. it fills a vault that streams actual SPCXB to holders. context: bStocks hit $100M AUM in 15 days. 41% of those users were new to binance. and cz just said he might buy a meme or two "to test a few new things." so bStocks narrative is likely to receive increasing attention. and remember dividends were the original reason to hold anything.

$900m+ in tokens unlock in august. here's the full month, with the potential impact for each: > @rain aug 10: $510m 5.9% of supply, 63% straight to insiders. probably no price impact, july was $711m and price moved -1.9%. looks like someone absorbs this otc every month. > @MemeMax_Fi aug 2: $67m 3% of supply. every month. average move on past unlocks: -25%. maybe a price impact. happens this sunday. > @ton_blockchain aug 23: $54m farming rewards. 1.2% of $4b, spread across thousands of stakers. no price impact. > @KaitoAI aug 19: $39m kaito unlocks ~$21m every month, and the market absorbs it. but twice a year a 15m-token "creator incentives" is unlocked on top. aug 19 is one of those days: 32.6m tokens, ~13% of the circulating supply, into a $291m mcap. price impact? maybe yes. last semi-annual double was feb 18: -13% over the following week, recovered in march. > @stable aug 8: $34m 100% farming emissions. 3.7% of supply, every single month. price impact? no. but this is why the chart grinds down forever: someone has to buy $34m of fresh supply monthly just for price to stay flat. > @solana aug 11: $31m staking emissions. 0.06% of supply. price impact? no. > @LayerZero_Core aug 20: $22m 100% insider tokens. 3.9% of float on a $331m mcap. price impact? yes. insiders sitting on bags in a bear market don't diamond-hand. same tranche unlocked july 20, look at the chart. > connex aug 15: $21m 100% "non-circulating". treasury tokens moving between wallets. price impact? no. nothing here touches dex. > @Humanityprot aug 24: $18m 8.6% of float on a $124m mcap. 55% insiders + private sale. price impact? yes. > @Pumpfun aug 12: $14m the july cliff everyone feared was $186m. price did +19.5%. price impact? no. i think the drama is over.

total defi tvl fell 23.5% in 3 months. @sparkfinance grew 16.4%. roughly $23b left the field in a single quarter. DEPOSITS: spark tvl went from $3.85b to $4.48b, +16.4% in 3 months. over the same window, aave went from $26.4b to $14.2b, -46.2%. euler -40.9%. fluid -21.7%. compound -20.5%. morpho held up best of the majors at -2.3%, but it still shrank. the point is not that spark added $630m. it's the direction. capital was leaving everything, and some of it was arriving at spark. flows have a sign, and spark's was positive while the whole field's was negative. LOANS: deposits can be parked. loans cost money every day they stay open, which makes active loans the closest thing lending has to a demand signal you can't fake. the lending market shed about $8.5b in active loans over 3 months, -25.5%. aave's loan book went from $18.3b to $10.6b, -41.9%. euler -32.8%, fluid -14.2%. spark's book went from $0.98b to $1.77b. that's +81.6%. active loans across the major lending protocols are down ~37%, spark is up 18.6%. two consecutive quarters of borrowers choosing spark while the rest of the market de-levered. borrowers don't stay drawn through a drawdown for points. they stay because the terms make sense. YIELD: the yield side tells the same thing from another angle. across the major protocols on ethereum, yield tvl is down 14.1% this quarter. ethena -36.1%. pendle -46.7%. aave's ethereum deposits -44.9%. spark is up 19.2%. maple also grew, +31.3%. ALLOCATORS: spark is an onchain capital allocator, so compare it to that set. the allocator and risk-curator category is down 17.4% in aggregate over 3 months. steakhouse -4.1%. grove -34.2%. gauntlet -39.3%. re7 -73.3%. every name in the category with 3 months of data is down this quarter. except one. spark, +19.2%. WHAT IT MEANS: ask what kind of capital moves toward a protocol during a 23% market contraction. not retail chasing a good apy, that capital left months ago. what's moving is allocation capital: treasuries, funds, size that thinks in quarters and reads risk first. that capital doesn't care who paid the most last month. it cares what's still standing when the paying stops. 6 months ago you could explain any tvl chart with incentives. today you can't. the incentives are gone, the market is down 40% from its highs, and 1 balance sheet in the allocator category is growing across deposits, loans, and yield at the same time. bull markets show you what capital chases. bear markets show you what it trusts. all numbers from @defillama.

total defi tvl fell 23.5% in 3 months. @sparkfinance grew 16.4%. roughly $23b left the field in a single quarter. DEPOSITS: spark tvl went from $3.85b to $4.48b, +16.4% in 3 months. over the same window, aave went from $26.4b to $14.2b, -46.2%. euler -40.9%. fluid -21.7%. compound -20.5%. morpho held up best of the majors at -2.3%, but it still shrank. the point is not that spark added $630m. it's the direction. capital was leaving everything, and some of it was arriving at spark. flows have a sign, and spark's was positive while the whole field's was negative. LOANS: deposits can be parked. loans cost money every day they stay open, which makes active loans the closest thing lending has to a demand signal you can't fake. the lending market shed about $8.5b in active loans over 3 months, -25.5%. aave's loan book went from $18.3b to $10.6b, -41.9%. euler -32.8%, fluid -14.2%. spark's book went from $0.98b to $1.77b. that's +81.6%. active loans across the major lending protocols are down ~37%, spark is up 18.6%. two consecutive quarters of borrowers choosing spark while the rest of the market de-levered. borrowers don't stay drawn through a drawdown for points. they stay because the terms make sense. YIELD: the yield side tells the same thing from another angle. across the major protocols on ethereum, yield tvl is down 14.1% this quarter. ethena -36.1%. pendle -46.7%. aave's ethereum deposits -44.9%. spark is up 19.2%. maple also grew, +31.3%. ALLOCATORS: spark is an onchain capital allocator, so compare it to that set. the allocator and risk-curator category is down 17.4% in aggregate over 3 months. steakhouse -4.1%. grove -34.2%. gauntlet -39.3%. re7 -73.3%. every name in the category with 3 months of data is down this quarter. except one. spark, +19.2%. WHAT IT MEANS: ask what kind of capital moves toward a protocol during a 23% market contraction. not retail chasing a good apy, that capital left months ago. what's moving is allocation capital: treasuries, funds, size that thinks in quarters and reads risk first. that capital doesn't care who paid the most last month. it cares what's still standing when the paying stops. 6 months ago you could explain any tvl chart with incentives. today you can't. the incentives are gone, the market is down 40% from its highs, and 1 balance sheet in the allocator category is growing across deposits, loans, and yield at the same time. bull markets show you what capital chases. bear markets show you what it trusts. all numbers from @defillama.

missed robinhood? arc is your second chance. but FIRST: stay away from the otc "buy usdc on arc early" deals. every one is a scam. people are getting drained daily. instead: build a dead-simple bot that watches circle's own github and pings you the second mainnet goes live. point a script at two raw files and refresh them every 10 min: > the mainnet genesis: https://t.co/oy0y69YmPv > the chain registry: https://t.co/QGjS1ZKnHR what it's looking for: > the registry's "rpc" list is empty [] right now. the moment it fills, that IS the public mainnet rpc url. > the genesis coinbase is the digits of pi (0x31415926...) and the timestamp is a date in the past. those are placeholders. when they flip to real values, circle is finalizing launch. fetch both files, hash them, compare to the last check, and telegram yourself on any change. a github action running every 10 min does it for free, without server.

New research by @dune and @1inch tracked concentrated liquidity on Uniswap, PancakeSwap and Aerodrome across 7 chains for 26 weeks. 85% of DeFi liquidity is underutilized at any one time i.e up to $1.6B doing nothing. ➥ ~$600M is fully idle and out of range ➥ LPs in those positions are missing ~$175–195M in fees every year On average, 29.5% of concentrated capital stayed out of range across the whole period. Even the highest-turnover concentrated pools still leave massive TVL stagnant, while the vast majority of stablecoin supply never enters DeFi yield pools at all. This isn’t a temporary issue, it’s like a structural problem now. The good news is 1inch is building a fix to solve this.

robinhood chain is the rwa chain with only 2.4% of rwa assets. like every other chain, the dominant asset is stablecoins. out of $540m in assets on the chain: > $333m stablecoins > $166m in eth > $28m in ybs > $13m in rwa assets https://t.co/WITBj2zlzq

been a while since i farmed an airdrop properly. doing it with @Theo_Network right now. thUSD is a stablecoin that pays a real gold-backed yield, and right now you get points on top of it. the yield isn’t a defi loop that dies as tvl grows, it’s the gold carry trade banks have run for decades. this is exactly why defi has to move to RWA. most yield stables get returns from funding rates and onchain leverage that compress when money flows in. real yield from real markets is what lets any of this survive at scale. the points: 3 ways to earn: liquid (just hold thUSD/sthUSD), core (locked, no defi), boost (looped via morpho). three vaults live: • 3mo core: 6.5% apy + 2x points • 6mo core+: 7.2% apy + 4x points • 6mo boost: 11% apy + 2x points, $5M cap all take thUSD/usdc/usdt and keep earning yield while points accrue. vaults carry the highest multiplier. referrals give a 10% boost both sides once tvl sits 7 tvl is only ~$100M right now. that’s everyone splitting the same s2 rewards. so getting in early makes a real difference. you can track it all in the theo app, first points update come first week of july.

zama app is live. one of the easiest way to shield the assets you already use and keep your balances and transfers private onchain. everyone's been shipping "private" tokens for years. encrypted balances, hidden transfer etc ... but the capital just sat there idle. zama + steakhouse finally gave confidential usdc somewhere to go. yield vault on morpho. confidential capital with utility now.

zama app is live. one of the easiest way to shield the assets you already use and keep your balances and transfers private onchain. everyone's been shipping "private" tokens for years. encrypted balances, hidden transfer etc ... but the capital just sat there idle. zama + steakhouse finally gave confidential usdc somewhere to go. yield vault on morpho. confidential capital with utility now.

. @symbioticfi just launched liquid lane, a shared layer for instant rwa redemptions. basically trying to fix the fact that most tokenized assets are still super illiquid. interesting move if it actually works at scale. what do you think, is instant redemption gonna be a big deal for rwas?