Uniswap is set to dominate Robinhood's new blockchain...
@RobinhoodCrypto has officially launched mainnet for its new Robinhood Chain L2, and already @Uniswap is serving as the "primary public AMM" on the network.
Robinhood Stock Tokens are already live on Uniswap and the DEX is well-positioned to capture any value that the new L2 accrues.
For context, Uniswap has already generated some $5.6B in total fees.
"Ethereum has a million contributors and a million validators. Solana has less than 800 validators and 92% running on one client"
Joseph Chalom pushes back on the idea that Ethereum has a culture problem
"There's this view that Ethereum has something around the narrative that's missing. Just look at the scoreboard again. It passed a million contributors to the code and the ecosystem. I'm not sure there's any open source blockchain project that's even close"
"It has over a million validators when Solana has less than 800. It has five or six credible diversified software clients, whereas 92% of Solana is running on one client software system the last time I checked"
"All the elements that matter, uptime, liquidity, developer community, composability, Ethereum is leading by miles"
Lighter CEO Vlad Novakovski: "Ethereum is the clearing layer of decentralized security you want to build on for finance"
Vlad comments on yesterday's announcement that Robinhood Wallet now offers native in-app perps trading powered by the Ethereum-based Lighter:
"One thing we strongly agree with the Robinhood team on is that decentralized rails and tokenized finance are the future and that Ethereum is the clearing layer of decentralized security you want to build on for finance."
He continues:
"When those things come together, that has attracted both retail and institutions. For a lot of the institutions that are currently not on chain, we believe the first time they come on chain will be in the context of the work we're doing with Robinhood, the CFTC, and so on."
BMNR is sitting on $600M cash and generating over $250M a year in staking rewards.
Tom Lee: "Money is becoming software and when you make it composable, there is a transformation of the economy - and that's really where Ethereum's going to shine."
With 80% of $ETH staked, investments in Mr. Beast and Eightco, and new Ethereum Foundation spin-offs getting funded soon, Tom Lee says the bull case is intact even if the price is brutal right now.
FT @Scaramucci@FundStrat@AllThingsMkts@SkyBridge.
Network outages in the past five years ↓
Solana: 6
Arbitrum: 3
Base: 3 (2 last week)
Starknet: 2
Sui: 2
Ton: 2
BNB Chain: 1
Avalanche: 1
Polygon: 1
Optimism: 1
Ethereum: 0
Just in case you were wondering why >50% of DeFi TVL is locked on Ethereum.
LATEST: ⚡️ Ethereum co-founder Joe Lubin, BitMine and SharpLink have launched Ethereum Institutional, a nonprofit aimed at accelerating the blockchain's adoption among banks and asset managers.
The EF just published a great report on how governments and institutions should think about Ethereum and why it's (usually) the best platform for them to deploy on.
Link here: https://t.co/QTZdf6VhQI
Ethereum's institutional era is here.
Formed by Ethereum Foundation alum, @ethereuminsti knows the ecosystem, the institutions, and the tools to build for what’s coming, inside and out.
It is the go to market team that #Ethereum needs to unlock its next era of growth.
Honored to support this organization.
How to keep AI spend flat while token usage grows exponentially: Not with friction and spend alerts. With better defaults, routing, and caching.
Better Defaults (not Usage Caps) – Engineers can choose any model they want, but defaults matter. We’re experimenting with defaulting to open weight models like GLM 5.2 and Kimi 2.7 through our LLM gateway, while still encouraging engineers to choose the right model for the task. 91% of our employees were never hitting their usage caps, so instead of lowering caps and driving up alerts, we're moving to cheaper defaults. Note that code reviews use a diversity of models, so they can check each other's work.
Better Routing – In our custom harnesses, we preprocess prompts and route to the best model for the job, considering cache hits and model pricing. For instance, you may want a frontier model for planning, but not for execution where they can be overkill. Ultimately, humans shouldn't be choosing models - AI can automate this task.
Better Caching – Cache misses are the easiest way to drive your cost up. All of our requests are cache aware, so we’re reusing a warm cache wherever possible. For example, our cache hit rate went from 5% → 60% in LibreChat once properly implemented.
Keep Context Lean – Start fresh sessions when switching tasks. Scope file context narrowly. Disconnect unused tools. Don't just compact. The goal isn't fewer tokens used, it's fewer tokens wasted.
Better Visibility – Our engineers can use as many tokens as they want, from whatever model they want, but we’ve made usage visible – and the more you spend on AI, the more impact we expect.
The goal isn't to suppress usage. It's to build the infrastructure that makes exponential growth sustainable.
Putting this into practice has cut our AI spend nearly in half, while our token usage continues to grow.
Jeff Bezos explains the Wandering Rule behind real invention:
"When I sit down to work on a problem, I know I don't know where I'm going."
"To go in a straight line, to be efficient, efficiency and invention are sort of at odds."
"Real invention, not incremental improvement... real lateral thinking... requires wandering."
"You have to give yourself permission to wander."
"A lot of people feel like wandering is inefficient."
"I don't know how long the meeting is going to take if we're trying to solve a problem."
The useful distinction:
Use efficiency when the path is known.
Use wandering when the problem is still being discovered.
Most teams kill invention by demanding a straight line too early.
Tokenized stocks are a win for everyone.
For people that already hold stocks, it makes them more useful - much faster to send, trade 24/7, etc.
But there are also lots of people in the world that don’t have easy access to US stocks. In a lot of countries, wealthy people may be able to get a brokerage, but ~4B people in the world don’t have ways to access US investments, so they’re stuck holding cash and low quality investments. Tokenized stocks will change this by opening up the best markets to the world.
Anthropic shows this video to every new employee. Someone re-uploaded it.
I hope Anthropic doesn't see this.
14 minutes of how the Claude team actually uses Claude in real work.
I watched the recording last night and kept pausing it. Each time realizing I've been using Claude like a toy.
claude.md + loops is what makes Claude stop fighting you and start working for you.
Most people will keep using Claude the hard way.
"If you really want to make money, found an agentic AI company.
I mean, build an agent to do something. This is the agentic period in AI. Everyone's going to build agents. The agents are all going to compete."
~ Eric Schmidt, Ex Google CEO.
Elon Musk just proved that ownership in America is a legal fiction.
Musk: “You get taxed on what you earn, you get taxed on what you buy, and you get taxed on what you own.”
Think about what property tax actually means.
You worked for decades. Paid it off in full. The deed is in your name.
Stop paying the government its annual fee. Watch them take it and sell it to someone who will.
You never owned that house. You were leasing it from an entity you never signed a contract with.
Income tax tells the same truth in softer packaging.
The government does not take a portion of your earnings. They decide how much of your own labor you are permitted to keep.
That is not semantics. It is a confession of who the system believes your time belongs to first.
Sales tax buries itself in the receipt. Two people exchange value voluntarily. A third party who contributed nothing takes a cut simply for allowing it to happen.
Now stack all three.
Taxed when you create. Taxed when you spend. Taxed when you hold. Taxed again when you die and try to pass it to your children.
At no point in that cycle does the system recognize your output as yours.
Because money is not an abstraction. It is crystallized human lifespan.
Every dollar taxed is an hour you already lived, already bled for, already gone.
The state is not managing an economy. It is claiming dominion over time you will never get back.
And spending it on systems you never asked for and actively oppose.
The institution extracting all of it faces zero obligation to perform. A contractor who delivers nothing gets fired. A bureaucracy that burns through trillions gets a budget increase the next fiscal year.
SpaceX pays taxes to the agencies that obstruct its launches. Tesla funds the regulators drafting rules to shield its competitors.
The builders are not subsidizing government. They are financing their own friction.
The tax code is 74,000 pages long. Not because the economy demands it. Because the extraction had to be buried in enough complexity that you would stop asking who it was designed to protect.
The past belonged to the people who taxed the world.
The future belongs to the people who build it.