Blockchain Boris

Know my way around Yield Farming

World 4th DPS on Nefarian Jan 31st 2011 \m/

Associate at

[Blockchain Boris @Blockchain_Boky]

GM

For those of you who have been paying attention to airdrops, you might've seen me on @CryptoCState Youtube Channel during the airdrop era of '22-'24 primarily and winding down for the last 2 years

Regardless, I'm forever grateful for amazing moments from our Discord communities, shared laughs, wins, learning experiences but also the friends we've made along the way
Every step, however, leads to another and as airdrops and LPing had always overlapped a lot, transitioning into what made more $$ was the logical albeit difficult next move

That's how we came to build @YieldFarming247 with a constantly growing community of DeFi enthusiasts who farm alongside us, where we show you daily, safest, best pools and new hot strategies to use to earn yield, even in the depths of bear

+

@FarmersBounty for automated portfolio management with up to 10% returns per month, going strong for over 2 years now and proud to serve over 300 community members

Bear markets are for surviving and optimization, with a long term outlook and people aware of risks of crypto, we're happy to keep delivering for years to come

Project updates will be on the dedicated X channels
while my NFA thoughts on the market and analysis verified by proven track record of 5+ years of continuous learning can be tracked here

Hope to stir up some great debates over the coming weeks, months, years

If you're reading this in the depths of bear, you're doing something right ;)

[Blockchain Boris @Blockchain_Boky]

solana:So11111111111111111111111111111111111111112 isn't sleeping either, Alpenglow upgrade looming but the biggest catalyst today was solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx launching @LaunchOnSF which lets users launch tokens paired with stocks, crypto, and pre-IPO shares, routed via solana:4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R that had the most glorious green candle in what feels like forever
Paired with solid fundamentals, all it took was a spark

Last but not the least..if I call top signal for $PONS 55 days in a row..eventually it's gonna happen x_x
https://t.co/PZIG1lc4oG

@loraclexyz "knows" wassup and playing with fire, sitting on a $5.7M loss on his $PONS short :I
We're far from his liquidation price of $1.6 but If price gets there..he will have to market buy $27.7M $PONS

Oh, one last thing, those CEX listing hunches from days before seem more and more possible, Binance futures listing yday

[LB @lbexplorer]

$PONS is now a top 5 revenue generating protocol based on last 24 hours after making $1.85M.

Over 2x the revenue of $HYPE who are valued at $22B... meanwhile $PONS is only trading at $650M MC.

Ranking based on last 24hr revenue: 5th
Ranking based on last 7d revenue: 8th
Ranking based on last 30d revenue: 16th

Won't be long before we see $PONS in the top 10 based on 30d revenue numbers.

[Blockchain Boris @Blockchain_Boky]

The gorgeous defi flywheel extends into the weekend, serious OGs are movers today, zcash:native memes, hyperliquid:native solana:So11111111111111111111111111111111111111112 and more

Our dear, 800B crossing alts first though!

Altcoin valuations: 804B
Altcoin Volumes: 29B

[Blockchain Boris @Blockchain_Boky]

-As @stacy_muur noted recently, the total DeFi volumes vs TVL are roughly 200 vs 90B..quite curious numbers indicating that this manic euphoria some of us might be experiencing is in fact..just the tip of an iceberg

-Dinos from the past like ethereum:0xb50721bcf8d664c30412cfbc6cf7a15145234ad1 and solana:4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R are absolutely flying today in solid 40% on the daily.. ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 boasting double digits, @CryptoHayes ' $1.73M helped..even though the revenue side got hit a little harder on the weekend, volumes struggle to keep up but @RobinhoodCrypto doesnt sleep, 2.6 MILLION today with the standard 10% flowing into ethereum:0xb50721bcf8d664c30412cfbc6cf7a15145234ad1 is a sight to see

Most importantly, our biggest farms in their respective categories, hyperliquid:native and zcash:native both in price discovery today!
hyperliquid:native absorbed the unlock beautifully and just like before, whale accumulation and short squeeze printed a new ATJ

zcash:native has more catalysts that would fit the screen and the memes spillover effect likely far from gassed out

[Blockchain Boris @Blockchain_Boky]

Quick reminder for all the $PONS lovers, @theunipcs is sitting at 150x from his initial, over $10M in UNrealized profits..roleplaying @saylor but even he sold x_x

[Blockchain Boris @Blockchain_Boky]

When you look at @ponsdotfamily 's fees vs revenue you can really see what the founder meant when he said over a month ago, we're not revenue maxing, users come first

According to @DefiLlama , Pons did just over 9M in fees last 24 hours but "only" 1.84M of that is revenue and that is INCREDIBLY bullish

A self sustaining ecosystem which rewards its users is a logic that more projects should consider adopting, sure, you gotta get a little lucky with timing and proper PMF but this case study is a prime example that parabolic growth is possible once multiple narratives align

@RobinhoodApp 's distribution (30M users~~) + semi gambling memecoin narrative + self perpetuating flywheel + massive mindshare

@wintermute_t is clipping $PONS in possible preparation for major CEX listing possibly? (still no tier 1 listing even though RH listing seems days if not hours away)
Will that finally FINALLY be a top signal?

Honestly, at this point, all bets are off, chart's been up only since, forever, but I'm sure there's gonna be a shorting opportunity here somewhere, kudos to the one who finds it

[Blockchain Boris @Blockchain_Boky]

Well well well
It's been a full day..almost that everyone and their grandma regrets not having top blasted $PONS the day before..metrics off the charts, new ATH, @wintermute_t accumulating etc

Meme season isn't live only on @RobinhoodCrypto however but more on that soon, first things first, altcoin metrics on the day

Alts Valuations: 789.5B
Alts Volumes: 29.11 B

[Blockchain Boris @Blockchain_Boky]

This had to happen for the @solana trenches to pass down the crown \m/

The king is dead
Long live the king :3

[DEGEN NEWS @DegenerateNews]

BREAKING: @RobinhoodCrypto CHAIN GOES DOWN

SOURCE: https://t.co/WcbCl3J8Ls

[Blockchain Boris @Blockchain_Boky]

@theunipcs Maybe you are the main character, congratz on your wins

[Blockchain Boris @Blockchain_Boky]

@ponsdotfamily Short survived almost half an hour..noice

[Blockchain Boris @Blockchain_Boky]

A day may come that RH chain and @ponsdotfamily won't be the talk of town...AGAIN..
but
it is not this day!

LOTR analogies aside, before we jump into main topics of the day, altcoin metrics for today as following:

Alts Valuations: 779B
Alts Volumes: 53.25B

[Blockchain Boris @Blockchain_Boky]

@drakeondigital Do you know why people associate this guy with solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk ?

Did he launch it or just openly bullish about it?

[Blockchain Boris @Blockchain_Boky]

@Adam_Tehc trying to fight fire with fire rarely works x_x

[Blockchain Boris @Blockchain_Boky]

Crypto Neobank concept is likely still being slept on completely but it is going to be one of the simplest ways to onboard the masses

ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 is probably going to surprise everyone with this, very similar bet to ethereum:0xfe0c30065b384f05761f15d0cc899d4f9f9cc0eb (both still over 90% under their ATHs

[Nikiton @Nikitont]

That's why @EthenaPay is already breaking into neobanking as a leader.

A traditional bank gives you an IBAN and a card.
But the bank holds your money.

The bank-like experience, without giving up control of your crypto.

Ethena flips the model:
• IBAN + Visa card
• Self-custody stablecoin account
• Your keys stay with you
• Up to 6% rewards on dollar balances
• Up to 5% cashback

What is the advantage of Ethena: there is an IBAN, there is a card, transfers are free, and you keep the keys.
Your money doesn't have to sit idle just because you're using a card.
$10,000 balance

- up to 6% total rewards
- up to $600/year before considering changes in the underlying USDe rate and tier caps.
Spend $2,000/month: up to $80 cashback at the 4% rate, depending on your tier and eligible purchases.

This is why I think Ethena isn't launching just another crypto card.

They are trying to turn stablecoins into a full neobank account:

- IBAN for fiat
- Visa for spending
- stablecoin self-custody
- yield
- cashback.

The bank-like experience, without giving up control of your crypto.

[Blockchain Boris @Blockchain_Boky]

Between all historic days in crypto, looking at chain revenue, there's been a few spikes like the 10/10 liquidation day and way back in March 23rd 2023, when we were paying ETH mainnet fees on @arbitrum but that all fell to the wayside in comparison to @RobinhoodCrypto chain and the mania we're experiencing rn

The formula seems so obvious now, @RobinhoodApp has roughly 30 million users out of which most haven't really looked in the direction of crypto..until now

@coinbase had the EXACT same playbook with @base but alas, in the depths of bear of summer of '23..the timing couldn't have been worse

I can't help wondering if the roles would've been reversed if they swapped timing
Regardless, what we have ahead of us is the modern day trenches where everyone is just counting days til the volume on RH chain flips @solana 's

Of course, a chain is nothing without new deployments, other than PONS, there hasn't really been much else of note so unless the attention economy attracts different verticals of devs and curiosity..this might just be a bubble waiting to happen

Perhaps the wildest story of recent weeks was the fact that PONS announced "long term alignment" with @Uniswap which have bought an undisclosed amount of tokens over the last 24 hours

A competitor..that literally launched on RH chain less than a month ago now bowing down to the king

@Uniswap does capture most of the fees from all this trading but again, how much gas in the tank is there still, it's impossible to tell
This must be a top signal but show me someone crazy enough to bet against these kind of numbers
*opens a 3x ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 short on @HyperliquidX *

[Blockchain Boris @Blockchain_Boky]

SOL eco just keeps on building and month of August
ranked Solana #1 for app revenue with $143M..38% of all onchain app revenue!

@JupiterExchange has made onboarding into @solana even more seamless with Universal Deposit aka simpler bridging solution
https://t.co/cUWfeixF5q

While agentic commerce flourishes, SOL flipped Base as the main playground of the economies of the future, agents paying for online services is only a start, if you share @virtuals_io 's idea of agentic societies of the future
https://t.co/wOhbIHXSSY

Meanwhile, Robinhood chain remains a hot topic but whenever the chain becomes this hyped, gas wars begin and Robinhood is now 129x more expensive than Solana, as @stacy_muur pointed out

Avg. Solana fee: $0.00259
Avg. Robinhood fee: $0.3344

Robinhood TX fee has increased by almost 5,000% since August. x_x

Still, we cannot ignore the obvious, it's making waves and, as of today, not showing signs of slowing down
It's already buying back almost as much as
solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn on a daily basis and is the first protocol in history to reach $1M+ in revenue in the first 7 days!

It has already rallied by more than 10x over the last 2 weeks..the closest comparison that comes to mind was during the @Stepnofficial era, over 4 years ago, when solana:7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx rallied for weeks and months, continuously and we just kept telling ourselves..surely..surely, this won't go on forever.. ><

At one point top blasting will stop feeling irresponsible and might just become necessary

[Jupiter @JupiterExchange]

You don’t need a bridge anymore.

Introducing Universal Deposit.

Send a token from any supported chain and receive USDC in your Solana wallet.

Universal Deposit handles the routing, bridging, and swapping automatically:

- Send funds from the wallet you already use
- Deposit from Ethereum, Base, Arbitrum and Sui
- No bridge apps, network switching and extra transactions
- Flat $0.30 fee, whether you send $100 or $10M

The most seamless cross-chain transfer experience is here.

All roads lead to Solana

[Blockchain Boris @Blockchain_Boky]

GM
Solana on absolute fire today, we are taking a quick comparison look vs the new kid on the block, @RobinhoodCrypto chain and the main character, @ponsdotfamily

First things first, altcoin valuations and volumes on the day

Alts mcap: 783B
Alts volumes: 31.74B

[Blockchain Boris @Blockchain_Boky]

@walrustomoon pleasure as always :)

[Blockchain Boris @Blockchain_Boky]

Hi all, market pulling back nicely but some outliers..continue the absolute mad run

hyperliquid:native solana:So11111111111111111111111111111111111111112 ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 and general state of defi in the thread today but first things first, valuations and volumes of our trusty alts to start the day!

Altcoin Valuations: $747 B
Altcoin Volumes: $35.7 B

[Blockchain Boris @Blockchain_Boky]

Lastly, couple token specifc updates, @ethena launches its own neobank, @EthenaPay with most competitive rewards on the market so far, 5%
https://t.co/lgFEbleQik

Bullish update for hyperliquid:native as well, @HypeStrat increases Equity Purchase Agreement from $1B to $2.5B, expanding potential for token accumulation mid to long term~

solana:So11111111111111111111111111111111111111112 isn't asleep either, @circle minted 11B new solana:EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v on @solana in August, the chain now holds >10% of USDC supply while ETFs continue the positive flows, +102 M despite red day across the board

[Ethena @ethena]

Introducing @EthenaPay: the internet money neobank.

→Card spend cashback at 5.0%
→Best-in-class 6.0% dollar savings rate
→Borderless, free, instant global money transfers
→Free global onramps in USD, GBP, EUR and local FX
→Multi-currency high-rewards savings accounts in local FX
→Unified fiat IBAN integration with self-custodial stablecoin accounts
→Buy Now Pay Never where your savings rewards covers daily expenses

Not coming soon™️. Live now to download on iOS.

[Blockchain Boris @Blockchain_Boky]

@ponsdotfamily for example, defies logic and reason yet again, @bubblemaps report says it all
https://t.co/8X7bbb4M7r

Today's numbers look even more crazy, accoridng to @DefiLlama 24 hour fees @Uniswap (main beneficiary of the PONS hype, flipped @circle and did $9.32 MILLION!! in fees, last 24 hrs

As always, fees =/= revenue and value capture for tokenholders is another matter entirely, revenue is telling a different story with stablecoin giants firmyl in the lead

DeFi TVL shockingly..amidst all this slowly dropping, down another 2% since yday and a weekly downtrend continues

[Bubblemaps @bubblemaps]

This is wild

@ponsdotfamily generated more fees today than each group COMBINED:

&gt; Hyperliquid + Polymarket + Fomo
&gt; Robinhood + BSC + Solana