Devid

Analyst & Researcher

[LayerZero @LayerZero_Core]

ZRO Updates

More ZRO has been bought back and locked up than sold into the market. Institutions and buybacks have taken 19.77% of supply in 18 months, while 63.8% of ZRO unlocked to investors still hasn't moved. $112.7M has gone into ZRO buybacks since September 2025, one of the largest programs in crypto.

ZRO is the only asset in the LayerZero ecosystem. All economic value from Zero, LayerZero, and Stargate flows back to it.

Every token expresses a view. ZRO's first was that there'd be many chains, no single winner, and value would accrue to whatever connected them. Now LayerZero has moved $267B across 165 chains.

The next view is bigger. Money and markets are the two largest waves finance will ever see, and both are already onchain. Zero was built for this moment. Coming this fall.

[Devid @DevidXBT]

bro come from the future

Don't underestimate this guy

Bitcoin:native

[CZ 🔶 BNB @cz_binance]

Slap yourself,

if you sold $BTC under $10,000.

[Devid @DevidXBT]

Binance announced a new product launch for June 1 a rare pre-announcement from the exchange.

Rumors suggest it could involve U.S. stocks or tokenized RWAs.
Wall Street’s “exchange everything” thesis stablecoins buying everything may be getting closer to reality.

[Binance @binance]

New product reveal on June 1 🫡

[Devid @DevidXBT]

https://t.co/UhuAGg7lK8 is back with a $30,000 USDC creator campaign.

Creators are now being priced through a new AI-assisted selection algorithm that evaluates your X account score, audience quality, and niche relevance.

TL;DR:

Apply for a campaign

AI estimates your payout for 4 tweets
You can manually adjust the price

Applications stay open for 2 days

Projects review and select creators
Complete all 4 required posts

Payment gets finalized after submission

Wallchain likely keeps a platform fee from payouts

The new system feels more structured than random creator negotiations.
Good niche accounts may finally get fair pricing, while bigger creators can quickly test their market value.

#WallChain

[Wallchain Quacks @wallchain]

Introducing Wallchain Select:

AI-automated Targeted Creator Campaigns

Niche and lookalike audiences deliver 6X better results than average manual selection.

What does this mean for creators?

- Fixed payouts and clear campaign terms
- Get paid more for your niche audience
- Get matched with projects your followers actually care about
- A small creator can be preferred over a big account thanks to a higher concentration of niche followers

What does this mean for brands?

- High-ROI user acquisition
- Find creators whose audiences actually match your ICP
- Stop wasting money on audiences who aren't interested in your product
- Stop wasting money on the same audience that overlaps across many creators
- Run targeted creator campaigns just like targeted ads

First 3 campaigns are already live.

More details below👇

[Wallchain Quacks @wallchain]

Introducing Wallchain Select:

AI-automated Targeted Creator Campaigns

Niche and lookalike audiences deliver 6X better results than average manual selection.

What does this mean for creators?

- Fixed payouts and clear campaign terms
- Get paid more for your niche audience
- Get matched with projects your followers actually care about
- A small creator can be preferred over a big account thanks to a higher concentration of niche followers

What does this mean for brands?

- High-ROI user acquisition
- Find creators whose audiences actually match your ICP
- Stop wasting money on audiences who aren't interested in your product
- Stop wasting money on the same audience that overlaps across many creators
- Run targeted creator campaigns just like targeted ads

First 3 campaigns are already live.

More details below👇

[Lil Auntie 🌮 @auntiepaca]

My suggested rate on @wallchain Select is $348 for 4 posts. I am shocked.

Everyone is mad at the rates right now. $50 for 4 posts. $69 for 4 posts. Some bigger creators with 80k 90k followers getting $240 for 4 posts.

The timeline is calling it lowballing, slave work, agencies with no dignity.

But after giving it some thoughts, I want to be honest about what we are actually mad at. (read this, could worth your 1 minute).

Before InfoFi, if you had 1k or 2k followers and no connections, you got nothing. 0 deals. You retweeted for a $20 raffle that ran for an hour and ended up in the host's alt wallet anyway.

You commented for free, you followed for free, you hoped someone noticed. The doors were closed unless you knew someone, ape your savings into random NFT and meme coin communities, and slowly built relationships. for years.

InfoFi cracked those doors open. Smaller creators got onboarded. Bigger creators got paid lucratively. lots of people were happy.

Then the other side showed up. People bought accounts. L4L and E4E groups multiplied. Engagement got manufactured at scale.

Agencies and projects didn't have the time or the will to check the comment section of every big account they were paying four figures to, so they just kept paying.

We all know which accounts on our timeline are not organic. We see them every day. And the money kept flowing anyway because no one had a better way (or they are just too lazy) to measure real impact.

That is the system Wallchain Select is now trying to price against.

So here is the honest question. If the AI is actually doing what Wallchain suggested (counting niche concentration, audience overlap, real reach inside the people who actually care about the project), and if it performs better analysis than what most agencies do manually, then maybe the suggested rates are not insulting.

Maybe they are the first honest mirror this space has been handed in a long time.

- Follower count alone does not matter.

- Engagement under your post matters less than you think, especially if half of it is from the same 30 mutuals you trade likes with.

- Reaching other creators is not the same as reaching potential users for the project.

And here is the part I actually like. I can edit my price. I can apply, I can walk away, I can pull my rate up and accept I won't get selected.

That is my choice and my valuation of my own work. I don't apply to every campaign. I pick the ones I actually want to talk about.

Say if a campaign came up about tacos, I would do it for free. And if a taco project ran this algorithm and figured out that Lil Auntie is the ONE account on CT with real taco authority, and offered me the whole 10k budget to talk tacos, that would make complete sense.

Niche concentration cuts both ways. The same logic that lowballs a generalist 80k account can hand the entire budget to one small voice who actually owns a topic (like me with Tacos)

Is it perfect? Probably not.

Is it going to make some people uncomfortable? Clearly already.

But honest pricing based on real audience composition is a better problem to argue about than the one we had before, which was four-figure payouts going to fabricated engagement while genuine smaller creators got nothing.

Anyway, Kudos to the @Wallchain team for still building after all the chaos. The algorithm changed, the model died, and they are shipping something new instead of disappearing. Please make Quackheads great again.

If you have read up to this line, thank you for being a patient reader. I would love to hear your thoughts on this. Do you think this algo is exposing what we already knew, or is it just a new way to lowball creators?

QRT your takes and let's start a conversation.

[Devid @DevidXBT]

@OndoFinance Rest in peace Nathan.

[Devid @DevidXBT]

@0xSC_ 😹

[Devid @DevidXBT]

@ethena @ChainLinkGod try something 🤧

[Ethena @ethena]

Ethena's cross-chain security infrastructure has been hardened across the full stack and we will continue to do so on an ongoing basis.

The security and risk contributors to Ethena remain comfortable operating on LayerZero infrastructure with hardened DVN configurations, reduced mesh complexity, and custom rate limits.

There are no plans to move off LayerZero infrastructure.

[Devid @DevidXBT]

@LayerZero_Core @Mandiant @CrowdStrike

[LayerZero @LayerZero_Core]

We’re sharing our completed post-mortem on the April 18th incident, prepared with @Mandiant and @CrowdStrike. We are publishing both an executive summary and the full report at the link below.

Over the past four weeks, we’ve worked with hundreds of partners to help them understand their current security posture, and harden it where appropriate. We’ll continue this work, alongside taking additional proactive steps for the benefit of not only our partners, but also the ecosystem as a whole.

We want to extend our thanks to our partners for their support and patience this past month. There’s a reason that over $12 billion has moved across the network in the past four weeks, and why the world’s most valuable asset issuers have stood by our side: they believe in us, in what the LayerZero protocol has to offer, and in the value of modular, isolated, application-controlled security.

The work continues. And we look forward to continue showing up for the applications that trust us with their business, as well as the broader ecosystem.

https://t.co/7bILN6dPJz

[Devid @DevidXBT]

@OxZphAr @WEEX_Official Pengu coded

[Devid @DevidXBT]

@Nazo_ku Believer

[Devid @DevidXBT]

@josefabregab Asking questions isn’t FUD.

If a protocol’s design is solid, it should survive scrutiny without the community treating every question like an attack.

[Ondo Finance @OndoFinance]

Tokenization keeps winning.

In a historic week, the CLARITY Act clears the Senate Banking Committee while Ondo tokenized stocks are the first to pass $1B in TVL.

Latest tokenization news ↓

1️⃣ Ondo tokenized stocks surpass $1B in TVL

In less than 8 months, Ondo Global Markets became the first tokenized stock & ETF platform to reach $1 billion in TVL, one of the fastest climbs in the history of onchain finance.

https://t.co/5I4PsBFBUr

2️⃣ J.P. Morgan’s crypto push deepens with filing for tokenized fund

JPM plans to launch its second tokenized money market fund on Ethereum, representing shares in its underlying portfolio of Treasuries and repurchase agreements.

https://t.co/DwdF6Uj2nx

3️⃣ Fidelity International issues its first tokenized MMF

The initial tokenization is on Ethereum, with the ZKsync Layer 2 network to follow. Fidelity Investments, a separate entity, issued its first tokenized MMF over a year ago, with the majority used as collateral by Ondo’s OUSG Short-Term US Treasuries Fund.

https://t.co/VXJNuFuDQo

4️⃣ CLARITY Act clears Senate Banking Committee

If signed into law, the CLARITY Act would define digital assets in U.S. law, clarify rules for tokenized assets, establish SEC and CFTC jurisdiction, and unlock institutional participation.

https://t.co/wtHv7efavs

5️⃣ Tokenized RWA market crosses $37.5B

Onchain real-world assets reached $37.5 billion in total market cap, led by tokenized U.S. Treasuries, funds, stocks, and yield products.

https://t.co/0N0pkGSX4n

[Devid @DevidXBT]

@josefabregab @USDT0_to @chainlink Funny thing is… if a protocol is undeniably superior, builders migrate quietly.
They don’t need 24/7 “LayerZero is dead” Twitter spaces, engagement farming, and drama threads to convince people.

[Devid @DevidXBT]

Great energy 🫡

[Bryan Pellegrino (臭企鹅) @PrimordialAA]

@maineguy202 @exitliquidd Multiple institutions testing on private testnet currently. Lots more to do but yes, steady progress on all fronts.