
Building the first private market DEX @1st_app | @springdotnet | DeFi research & insights
onchain
Joined October 2012
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So bullish DeFi I just bought a pair Unisocks
The only pair of socks I will have for life
LFG $SOCKS
so you’re telling me HYPE is 6.67x from SOL now
and SOL hasn’t been trading this low since 2023
we're going so much higher
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Uniswap fee switch expanding to 8 L2 chains
+$27M annualized revenue on top of $34M already burning UNI
revenue season incoming
source: @elfa_ai
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sentiment looks awful but the reality:
- gold-backed tokens hitting new highs
- Ondo RWA TVL $2.03B and growing
- stablecoin mentions +36% today
adoption is coming
source: @LunarCrush
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$274M in long liquidations in 24h
bear market days hit different
source: @elfa_ai
JPMorgan bullish on crypto for 2026 despite tariff noise
Hyperliquid building DC presence for regulation
Coinbase shipping AI wallet infra
the real builders keep building no matter what
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polymarket only 21% chance btc hits new ath by dec 31 2026
there will still be some generational opportunities this year, lock in and survive
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hyperliquid doing $4.2B volume today while token down 50% from ath
price will catch up to fundamentals, just a matter of time
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coinbase launching agentic wallets is bigger than it sounds ngl
ai agents need payment rails that never sleep, credit cards weren't built for autonomous software
over 50m transactions through x402 since launch proves the demand exists now agents can hold, spend, and earn without touching a private key
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stablecoin transaction volume hit $33 trillion in 2025 that's 72% growth yoy
but here's what matters:
9 out of 10 transactions are still crypto-to-crypto the real unlock comes when merchants and payroll providers integrate the rails
we're still so early
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rwa tokenization moved from pilot programs to actual financial infrastructure in 2025
bonds, real estate, invoices - all moving onchain with institutional compliance built in
not disruption. integration.
the boring stuff will always win in the long run
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coinbase just shipped wallet infrastructure for ai agents with x402
every agent can now hold, spend, and earn autonomously - no human approval needed
the ai economy isn't coming. it's already processing millions of txs through @base
base now controls 77% of ethereum l2 activity with arbitrum
this is because of better distribution
coinbase's 110m users > every airdrop campaign ever run
the lesson: user onramps beat incentive programs
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if agents are the new customers
you should build for them on blockchain rails
the future of AI is onchain
polymarket and kalshi aren't betting platforms anymore
they're real-time truth engines that moves faster than every news outlet
information markets > opinion markets
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stablecoins sitting at $290b market cap while hyperliquid holds $4.25b tvl
perp dexes and lending protocols are quietly building the rails everyone will use
the infrastructure play matters more than the token casino
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hyperliquid just flipped coinbase in perp volume
a dex beating a top 3 exchange
this is what product market fit looks like
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a couple more teams that:
• ship working products
• solve actual problems
• prioritize ux and onboarding
• build in public
then we really are up only
the infrastructure is here
just need more apps worth using
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new week, new listing
let's get it
NEW LISTING:
@ethena is officially live on 1st!
You can now trade Mirror Ethena at a discount to spot.
Start trading now → trade.1st.app/ethena





