Crypto & Web3 Expert | DeFi Enthusiast⚡️| Sharing insights and knowledge to empower the digital asset community🤝💡
WGMI
Joined April 2008
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Been going down the GambleFi rabbit hole lately, and one token keeps popping up that feels seriously under the radar:
$BLOCK — the native token of the Blockasset ecosystem, powering both @blockassetco and @blockbetgg.
Let me explain why this might be one of the best asymmetric bets right now🧵.
$ZEC just reached another important milestone with the successful activation of NU7 Network Upgrade on mainnet.
The upgrade brings significant improvements to Zcash’s transaction speed, network efficiency, and long-term sustainability.
One of the biggest changes is the reduction in target block interval from 75 seconds to 25 seconds, making first confirmations roughly 3x faster.
Here’s what else to note:
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● Per-block transaction limits have been introduced to help curb spam and maintain network efficiency.
● The new Network Sustainability Mechanism allocates 60% of transaction fees to a future reserve for miner incentives, creating an additional funding mechanism for the network.
Faster confirmations make Zcash more practical for everyday payments and exchange deposits, which could improve its appeal to users, developers, and payment integrations.
Interestingly, $ZEC has also shown strength amid the broader market sell-off, gaining over 8% in the past seven days and briefly climbing above $1,350.
—
NU7 is another important step in Zcash’s evolution.
As privacy-focused networks continue to mature, improvements in usability, infrastructure, and sustainability will play an important role in driving long-term adoption.
Surge_DeFi retweeted
The latest DeFi developments👇
Fluid launched Fluid DEX v2, a highly capital-efficient DEX
Kamino tied its team's token vesting schedule to KMNO performance
Ethereum Economic Zone released its first test network, showcasing how it will unify liquidity across L2s
INFINIT opened deposits for its APEX multi-strategy trading vaults until Nov. 11. APEX Phase 2 vaults already surpassed $2M in deposits
245 pro-crypto candidates have been elected to U.S. Congress
Mantle was featured by Anthropic as a production example for AI proofs. Anthropic named Mantle as one of the first L2s running zkSNARKs
Stacks's BTC staking was adopted by major institutions like 21Shares. Bond 3 of Stacks Bitcoin staking was sold out as a result
Mezzanine, a novel tranche-based DeFi protocol, went live
Payward, the company behind Kraken, announced an investment in AAVE token
NEAR DAO voted to cut NEAR maximum token inflation from 2.5% to 1.6%
Extended confirmed it will airdrop 30% of its token supply at TGE
DeFiLlama launched Proof of Reserves dashboards for on-chain assets
Paragon introduced Power Perps, a new type of perps, on Hyperliquid
InfiniFi released its airdrop registration portal
CFTC approved the listing of equity perps on US exchanges
I hope you found this helpful!
We’re still holding strong.
The resilience is still there.
Even with the usual flood of headlines, hacks, and elections, the crypto market is holding its ground.
Total market cap sits at $2.67T, up 2.76% today.
Fear & Greed is at 42 and the Altcoin Index sits at 49/100. Neutral, not euphoric, but far from panic.
Here’s a snapshot of how the majors are performing right now:
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● Bitcoin (BTC)
• Trading at $80,019.98 (+2.88%)
• Market cap: $1.60T
• Still the strongest asset, holding steady despite the noise
● Ethereum (ETH)
• Trading at $2,413.70 (+5.45%)
• Market cap: $295.02B
• Performing better than most today
● Stablecoins
• USDT: $0.9990 | $178.19B market cap
• USDC: $1.0000 | $70.97B market cap
● Other Majors
• BNB: $715.08 (+2.29%) | $94.04B
• XRP: $1.300 (+1.84%) | $82.42B
• SOL: $94.68 (+1.35%) | $55.88B
The market isn’t pumping hard, but it’s not crashing either. Most major coins are up today.
Resilience isn’t the absence of uncertainty. It’s the ability to absorb it without breaking.
Right now, the structure is intact.
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It gets to a point where you start questioning the whole system.
These security incidents are becoming too frequent.
Even projects with strong reputations and solid setups aren’t safe. And honestly, it’s draining when you’re trying to build something.
Now it’s Binance. Not long ago, it was Bitget. Another reputable platform.
When the biggest names keep getting hit, it makes you wonder how smaller projects are supposed to fare against the same actors.
If this keeps happening at this scale, it will limit growth. Hearing about another major hack every few weeks is exhausting.
Just to be clear, I’m expressing my frustration like anyone else would. Not trying to single anyone out.
I do think the pressure will eventually force better security standards.
My condolences to everyone affected. Stay SAFU.
Surge_DeFi retweeted
A prolonged bear market would expose which crypto businesses depend on speculation and which can survive on recurring demand.
High revenue means little if operating costs remain elevated, customers disappear and token incentives are needed to sustain activity.
Six businesses stand out, although their financial resilience varies considerably.
01. @Coinbase
Coinbase has diversified beyond trading into custody, staking, stablecoin income and institutional services.
Q3 2026:
> $1.2B total revenue
> $570M subscription and services revenue
> $333M adjusted EBITDA
Recurring services provide a buffer against weaker trading volumes, although operating expenses remain substantial.
Unlike most crypto protocols, Coinbase also publishes financial statements that allow investors to assess profitability and liquidity.
02. @HyperliquidX
Hyperliquid connects trading revenue directly to HYPE purchases through its Assistance Fund.
October 2026 MTD:
> $81.62M gross revenue
> $64.16M protocol earnings
> $48.49M token buybacks
The business generates substantial fees, but a bear market could reduce trading volumes and buyback demand simultaneously.
Contributor unlocks add dilution risk. A profitable exchange doesn’t guarantee positive token returns.
03. @Binance
Binance benefits from its scale across spot, derivatives, institutional services and payments.
Reported 2026 figures:
> 320M+ registered users
> 33% global CEX spot market share
> $153B customer assets as of June
Its October security incident also tests corporate liquidity and customer retention.
Binance has considerable distribution, but limited public financial disclosure makes its operating margins and treasury runway difficult to verify.
BNB is not an equity claim on Binance.
04. @Circle
Circle earns primarily from reserves backing USDC.
That creates income beyond speculative trading, but profitability depends on interest rates, circulating supply and revenue-sharing agreements.
Lower rates can reduce earnings even as USDC adoption grows.
Circle equity provides exposure to the business. Holding USDC doesn’t.
05. @Tron
Tron’s USDT transfer activity creates demand for network resources and transaction processing.
Settlement usage can persist through weaker markets, but fees depend on network policies, resource costs and customer demand.
High transaction volume also doesn’t guarantee equivalent value capture for TRX holders.
06. @Rendernetwork
Render has potential demand from rendering and computing workloads outside crypto speculation.
But customer payments must sustainably cover GPU provider compensation and operating incentives.
Growing network activity isn’t enough if usage depends on subsidies.
RENDER’s investment case depends on actual customer demand and token economics.
● The Two-Year Survival Test
I’d compare all six using five variables:
> Recurring revenue without speculative trading
> Operating expenses and cash burn
> Dependence on token incentives
> Customer retention
> Liquid treasury runway
A business with $60M in cash burning $2M monthly has 30 months of runway. At $5M monthly, that falls to 12 months.
Token treasuries shouldn’t be treated as cash at face value, especially during prolonged selloffs.
● The Project And The Token Can Have Different Outcomes
Coinbase and Circle offer equity exposure. HYPE, BNB, TRX and RENDER have different token economics, none equivalent to direct ownership of their associated businesses.
All six could survive a downturn while their investors experience very different outcomes.
Recurring demand determines whether operations can continue. Valuation, dilution and value capture determine whether owning the asset is attractive.
Surge_DeFi retweeted
The latest developments in DeFi 👇
Trade[XYZ] announced plans to bring Hyperliquid to the US in partnership with the New York Stock Exchange owner
Chainlink launched CustodySync, enabling institutions to borrow from DeFi against assets held in custody
INFINIT reopened deposits for APEX MS Vault, a trading vault that has generated 35% APY since launch
Uniswap launched Aggregator Hooks, turning Uniswap V4 into a DEX aggregator
Ethena launched Earn+, a 12% APY DeFi vault for its neobank users
Stanley Druckenmiller, a very famous American investor, invested in Trade[XYZ]
Predict fun introduced its token and announced an airdrop
Jupiter introduced Jupiter Bridge - a new bridge aggregator
Extended announced the launch of its own token XTEN in November
Kamino enabled borrowing against Backpack tokenized stocks on Solana
Pumpfun launched perps powered by Hyperliquid
USDai introduced a token buyback program
Osmosis ended OSMO token inflation
I hope you found this helpful!
Surge_DeFi retweeted
Had a post idea to shit on DeFi as:
1) exploits increasing and 2) DeFi's 'low-risk' yields are back near where they were a few years ago.
Aave USDC avg. yield on Ethereum:
• 2023: 2.74%
• 2024: 6.57%
• 2026: 3.27%
With short term US tbills at 4.14%, why take extra smart contract risk for lower yields?
But this post is about Defi SUCCEEDING.
A lot of ppl don't have access to any yield. 1.3B adults don't even have banks accounts less buy us treasuries
So I think we should continue to push the low risk DeFi.
We onboard more users to crypto, they learn about self-custody and will end up buying tokens to become our exit liquidity.
win win
I think it’s about time I talk about Aerodrome and Velodrome.
This isn’t just another DEX merger.
It’s the attempt to turn them into the liquidity layer across Ethereum.
One system that coordinates markets across multiple chains while directing 100% of exchange revenue to the people who allocate it.
Metaswaps for cross-chain routing.
Predictive Allocation for directing liquidity.
And a fully onchain design so agents and protocols can plug in without extra infrastructure.
Aero doesn’t necessarily need people to think too much about it.
It can just be the layer that handles the liquidity underneath.
Surge_DeFi retweeted
The latest developments in DeFi👇
Aerodrome launched Aero, a new multichain DEX
Lighter CEO said they’ll apply for a US derivatives license next month
Solana’s transaction finality dropped from 12.8 seconds to 150 milliseconds
Pendle launched PendleLoop, enabling to long/short any token with leverage
Stacks' DEX volume hit a 12-month high, with Bitflow being the leading DEX
Metric, a novel DEX that uses external oracles for asset pricing, went live
Ethereum staking hits a new record high of 35.9% of ETH supply
LayerZero announced plans to launch its own L1 blockchain on Nov. 30
Fluid’s proposal to launch Fluid DEX V2, a new DEX primitive, went live
NEAR Protocol introduced NEAR Business - a confidential multisig treasury for crypto-native teams
Pump fun integrated Hyperliquid-powered perps
Arbitrum announced incentives for projects adopting USDG stablecoin
BlackRock filed for another Bitcoin ETF with downside protection
Hyperliquid Policy Center urged the SEC to regulate airdrops
I hope you found this recap helpful!
Surge_DeFi retweeted
Real world assets are moving beyond tokenization into a new phase where traditional financial markets become accessible through onchain infrastructure.
With nearly $39B in distributed tokenized RWAs and tokenized stocks approaching $3.6B, the shift is gaining momentum.
@bitget’s rTokens and @BitgetWallet are helping connect these two markets.
Here's how this convergence is taking shape.
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● RWA Adoption Is Moving Beyond Tokenization
Tokenized real-world assets are evolving from experimental products into financial infrastructure spanning equities, Treasuries, private credit, and commodities.
According to RWA.xyz , distributed RWA value has reached approximately $39B, while tokenized equities account for roughly $3.6B.
The opportunity is no longer simply representing traditional assets on blockchains.
It is making those assets accessible, transferable, and usable across financial applications without requiring users to constantly move capital between traditional brokers and crypto platforms.
This is where tokenized equities are becoming particularly interesting.
—
● How Bitget's rTokens Connect Traditional and Onchain Markets
@bitget's rTokens, issued through @RealityFi_xyz, bring traditional US stocks and ETFs onchain, connecting Wall Street liquidity with crypto markets.
Assets such as $rAAPL, $rTSLA, $rNVDA, and $rQQQ track their underlying securities, with each token backed 1:1 by shares held through regulated brokerage infrastructure.
Reality handles issuance, custody coordination, and reserve verification, while Bitget provides trading access and supported onchain utility.
During US market hours, rTokens access traditional equity liquidity through brokerage infrastructure. Outside regular sessions, selected assets can continue trading through alternative liquidity arrangements, extending access beyond Wall Street's trading schedule.
Beyond trading, eligible rTokens can support margin and borrowing products on Bitget, while DeFi integrations could expand their use as productive collateral.
Eligible dividends are distributed in stablecoins, while stock splits are reflected in token holdings. However, rTokens provide economic exposure rather than direct registered share ownership or voting rights.
The broader significance is capital efficiency: tokenized equities are evolving beyond simply tracking stock prices toward assets that can be traded, transferred, and deployed across supported financial applications.
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● Bitget Wallet Is Reducing the Barrier to Access
Distribution is another important part of this transition. Through its Reality integration, @BitgetWallet provides access to over 1,700 tokenized stocks and ETFs, with support for self-custodial trading on Arbitrum and Morph.
Users can move from supported crypto assets into stock-linked exposure through integrated swap and cross-chain routing, without manually navigating multiple platforms.
Bitget Wallet's 0 swap fee promotional offering also highlights the importance of reducing transaction friction.
This ends October 29, 09:00 UTC and it is valid on both buys and sells.
For eligible transactions, removing the wallet's swap fee lowers one component of trading costs, making it easier to move between crypto and tokenized assets.
However, zero swap fees do not necessarily eliminate spreads, price impact, network costs, or other execution expenses. Availability depends on the applicable promotion and trading route.
As tokenized markets expand, lower transaction friction could become an important factor in adoption.
—
● The Bigger Picture
RWA adoption is increasingly becoming a competition over distribution, liquidity, and capital efficiency rather than simply the number of assets tokenized.
Traditional markets provide established assets and deep liquidity, while blockchain infrastructure introduces new possibilities for access, settlement, and financial composability.
Bitget's rTokens connect these two environments, while Bitget Wallet brings that exposure into a self-custodial interface.
The next milestone for RWAs will not simply be how much value moves onchain, but how much of that capital becomes actively usable once it gets there.
🤝 Paid partnership
Surge_DeFi retweeted
Another week, another wave of updates across the onchain landscape.
New products went live, protocols hit new highs, and a few TGEs are just around the corner.
Here’s a weekly roundup of the biggest moves across crypto.
—
● Major Updates
• @ether_fi introduced ether․fi USD, its dollar-denominated stablecoin powered by @ethena
• @grass launched Grass Contents API, their first Live Context Retrieval tool for agents
• @3janexyz introduced credit scores, utilizing @cred_protocol as a foundational layer in its credit underwriting framework for capital-efficient DeFi lending
• @Aptos introduced MonoMove, a highly optimized smart contract execution engine
• @Dolomite_io rolled out a completely rebuilt web app, featuring streamlined borrowing, unified portfolio management, lifetime yield tracking, and an improved UX
• @infiniFi went live on @monad
• @DeriveXYZ V3 went live, a major protocol upgrade that retires the standalone Derive Chain and shifts the platform into an Ethereum L1-backed zkVM architecture
• @orca_so and @Loopscale merged into @formation_so, a full-stack DeFi platform on @solana
• @jup_mobile introduced onchain QR payments
• @tenero_io V2 went live, an upgraded, multi-chain token analytics platform tailored for the BTCFi ecosystem
• @catalystapp introduced Catalyst, an AI-powered automated financial platform that acts as an intent layer for trading and market analysis
• @Ledger introduced its native Crypto Loan feature within the Ledger Wallet App, powered by @Morpho
• @LidoFinance introduced Lido Lend, a security-focused decentralized lending protocol
• @circle CCTP V2 went live on @SuiNetwork
• @superformxyz introduced Earn Stocks, an automated DeFi yield strategy layer that enables users to generate yield on top of tokenized equities
• @Securitize launched global onchain trading of U.S. stocks with security entitlements
• @Ondo introduced Ondo Private Markets, a platform that brings tokenized exposure to high-growth, private pre-IPO companies onto the blockchain
• @chainlink introduced CCIP Vault Adapters, its one-click cross-chain deposit infra for vault providers
• @virtuals_io introduced Virtuals App, a mobile/web experience designed as a personal AI companion with an embedded onchain wallet and market access
—
● Upcoming TGEs and listings
• @truetradingai ($TRUE TGE) - 15th
• @fablesfi ($FABLES TGE) - 20th
—
● Recent Milestones Across Protocols
• @jup_lend deposits hit a new ATH of $2.6B
• @Backpack-issued tokenized stocks on Solana surpassed 300,000 holders
• @openstandard’s OUSD market cap crossed $700M
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● Yield Opportunities to Explore
• Protocol - @verantaxyz
• Network - @base
• Steps
➊ Visit veranta.xyz/earn
➋ Deposit USDC into the Vault to receive avUSDC
• Current yield - 18.68% APY
• Protocol - @Vault_St
• Network - @ethereum
• Steps
➊ Visit app.vaultstreet.com/carry
➋ Deposit USDC into the Carry Vault
• Current yield - 10.4% APY
• Protocol - @thevaultfinance
• Network - @solana
• Steps
➊ Visit thevault.finance/stake
➋ Supply $SOL for vSOL
• Current yield - 4.73% APY
—
That’s all for the week. Stick around for more updates next week.
Surge_DeFi retweeted
DeFi TVL is still down 44% from ATH.
So many projects will see a surge in their revenue as liquidity slowly starts flowing back into DeFi.
Bullish on revenue-generating DeFi coins that can benefit from this growth.
It’s amazing looking back and seeing how far crypto has come.
Stablecoins are steadily expanding beyond trading and DeFi into everyday payment infrastructure.
In Q3 2026, stablecoin card volume hit $4.31B, up 33% from $3.24B in Q2.
Here’s an overview of the key numbers and developments.
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● @trondao
• Led all chains with $998M in stablecoin card volume, accounting for 23.2% of the quarterly total
• Volume increased 12.4% from Q2 2026 to Q3 2026
● @base
• Recorded $636M in volume, up 25.2% from Q2 2026 to Q3 2026
• Ranked second among the listed chains
● @BNBCHAIN
• Processed $469M in volume, representing 25.5% growth from Q2 2026 to Q3 2026
• Together with TRON and Base, accounted for nearly half of total quarterly volume
● @ethereum
• Reached $428M in volume, up 40.4% from Q2 2026 to Q3 2026
• Recorded the highest growth rate among the listed chains apart from Plasma
● @Optimism
• Registered $427M in volume, growing 30.0% from Q2 2026 to Q3 2026
● @solana
• Recorded $260M in volume, up 25.2% from Q2 2026 to Q3 2026
● @Plasma
• Reached $236M in volume, with growth of 250% from Q2 2026 to Q3 2026
• Its volume increased approximately 3.5x, making it the fastest-growing chain in the chart
—
Stablecoins are becoming more than just a way to move money within crypto.
With billions in card transaction volume and growth across every chain listed, we’re seeing another step toward making crypto payments part of everyday life.
And this is still early.
Surge_DeFi retweeted
The latest developments in DeFi 👇
EtherFi introduced its own stablecoin powered by Ethena Whitelabel service
Lido revealed Lido Lending, a new DeFi lending platform
Hyperliquid’s ~$200M revenue-sharing deal with Circle went live
Derive v3, an improved on-chain options trading platform, went live
Polymarket CEO said they’re “exploring an on-chain asset tied to Polymarket’s economy”, but without giving a launch timeline
Superform introduced Earn Stocks - DeFi yield strategies for tokenized stocks
Aptos introduced MonoMove - its biggest network scalability upgrade to date
Lighter announced the pre-market listing of the Variational token
Tenero V2, an upgraded Bitcoin DeFi analytics platform, went live
Ondo Finance launched a platform bringing tokenized pre-IPOs on-chain
Arbitrum is adopting USDG as its ecosystem dollar, with the revenue from USDG reserves flowing back into the Arbitrum ecosystem
Virtuals introduced Virtual App - a personal AI app with access to markets
Blast and Abstract announced they are shutting down
Sanctum burned 25% of its total token supply
Orca and Loopscale merged into a new project called Formation
I hope you found this recap helpful!
I think by now everyone should know that I’m a big shipper of $HYPE 😂
And they just keep giving me more reasons to glaze them.
Hyperliquid has now unlocked a second funding source for HYPE buybacks that doesn’t depend on trading volume.
Here’s what’s happening:
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● @HyperliquidX
• Hyperliquid received its first $14.58M USDC payment under the AQAv2 framework
• The payment comes from interest accrued on Hyperliquid’s USDC reserves through the Coinbase-Circle arrangement
• It is earmarked for the Assistance Fund, which buys HYPE on the open market and burns it
• $14.58M is roughly 26% of September’s HYPE buybacks
• Unlike trading fees, this revenue stream scales with stablecoin balances and interest rates rather than market activity
This means HYPE buybacks now have two funding legs:
Trading activity + USDC reserve yield.
And I think that second part is the interesting one.
Even when trading volumes cool off, Hyperliquid can still generate revenue from its USDC reserves.
Now think about this for a minute. What do you picture ahead?
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ethereum:0x4a220e6096b25eadb88358cb44068a3248254675 is finally getting the attention it deserves.
After years of relatively slow price action, the token just had an insane 3x rally.
So what’s driving the move?
Here’s what stands out:
—
● @quantnetwork
• The US Clearing House selected Quant for its on-chain money network, targeting US banks that collectively process $2T+ in payments daily, with the initiative expected to become available to participating institutions in H1 2027
• Quant partnered with Murex to bring its interoperability technology into MX.3, the financial platform used by 65 of the world’s 100 largest banks
• UK banks including Barclays, HSBC, Lloyds, NatWest and Santander have already completed the first live customer transactions using Quant infrastructure
• The European Central Bank selected Quant for its Digital Euro experimentation, testing programmable payments with central bank money
• Quant has also worked with the BIS and Bank of England on Project Rosalind, exploring CBDC payment infrastructure and interoperability
The bigger story here is interoperability.
Quant has spent years building infrastructure that connects banks, payment systems and different distributed ledgers.
And now, some of that infrastructure is moving toward real-world adoption.
Then there’s ethereum:0x4a220e6096b25eadb88358cb44068a3248254675 itself.
With a maximum supply of just 14.88M tokens, the supply side becomes interesting if demand continues to grow.
After years without a major sustained move, these developments have put $QNT back in the spotlight.
And with institutional adoption accelerating, the market may have a lot more to price in.
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Confidential perps may have been the catalyst.
But the infrastructure is the bigger story.
Routing liquidity across chains, adding privacy, and wrapping it all into one front end is what makes it interesting.
And when you look at the volume behind it, it’s clear there’s actual usage here.
Surge_DeFi retweeted
The latest developments for DeFi👇
Variational announced it will airdrop 32% of its total token supply
Ondo partnered with BlackRock to bring BlackRock’s investment strategies on-chain
Jumper introduced its own token JUMP
Kinetiq has launched the testnet for Elysium, the first Hyperliquid L2
Coinbase started offering fixed-rate loans powered by Morpho
Near partnered with Ondo to enable trading RWAs confidentially
Hyperliquid enabled borrowing stablecoins against HYPE and BTC collateral
Aave Labs proposed expanding Aave V4 to Base
Binance announced it will list HYPE for spot trading
Trueo is migrating its prediction market platform to Ethereum
Galaxy Digital added $100M of Sky’s sUSDS to its treasury and acquired SKY
XO Market released XO 2.0 - a permissionless prediction market platform
Neutrl opened user fund redemptions with a 49% haircut
World launched World Money, a new stablecoin super app
I hope you found this recap helpful!
