Ember ✌️✌️

Vanguard at @BuildonViction ✌️✌️ | Torch for a dark journey into #Web3 realm 🔦 | Passionate about Decentralization & Innovation 🚀

[Ember ✌️✌️ @Ember9hh]

It is my time to make the impact with @Frontier_DAO Bounty: The Next Vanguard - Build the Viction City ✌️🏙️🌆

I am excited to spend time cooking this idea because it is deeply personal, with good experience with the Program since day 1

Detailed Proposal: https://t.co/ghKLuWmp9k

[FrontierDAO @Frontier_DAO]

🔥 The HOTTEST bounty is here, hosted by FrontierDAO ✌️

The Next Vanguard isn’t just a challenge, it’s a collective build for Viction Vanguard program. Best ideas will be co-executed, turning concepts into real impact.

💰 Total rewards: $3,000 in VIC
The more we build, the stronger the our community becomes.

👉 Are you ready to build: https://t.co/Z7XbVEDFRE

[DeFi Degenerate @DeFiDegen_0x]

MEXC listed 879 perp contracts in 16 months. 55 per month. Nearly 2 per day.
BingX: 565. Gate: 505. Bitget: 453.
These numbers look impressive. But the more interesting data point is Binance: 305 perps vs 125 spot — a 2.4:1 ratio.
Binance isn't listing perps because traders want them. They're listing perps because perps generate funding rates, liquidation fees, and spread revenue without requiring custody of the underlying asset.
The listing race between @MEXC , @BingXOfficial , and @Gate is a long-tail play — list everything before Binance does, capture first-mover volume on micro-caps and new memes.
The business model: most of those 879 MEXC contracts have thin liquidity. A few become legitimate markets. The rest generate enough volume to justify the listing fee.
Coinbase is barely visible on this chart. US regulatory constraints block retail perps entirely. That's not a small gap — every leverage dollar that can't go through Coinbase goes offshore.
The real benchmark isn't total listings. It's volume per contract.
@HyperliquidX runs ~500 markets and processes $500B+ monthly. Quality of listing matters more than quantity.

[DeFi Degenerate @DeFiDegen_0x]

17 DeFi protocols shut down in 2026. In 5 months.
Jan: MilkyWay, Nifty Gateway, Slingshot Crypto
Feb: Polynomial Fi, Zeroland, Parsec Finance, Step Finance
Mar: DataHaven, Tally
Apr: DeFi Carrot
May: Phi, Legend App, Code4rena, Fantasy Top — and on May 21 alone: Syndicateio, Everclear, Zerodot Network all in one day.
Three protocols shut down on the same day. That's not a coincidence — that's a market sending a signal.
The pattern is clear:
NFT infrastructure (@niftygateway ), yield protocols (@PolynomialFi , @StepFinance_ , @DeFiCarrot ), analytics tools (@parsec_finance , @DataHaven_xyz , @tallyxyz ), DAO infra (Tally, @EverclearOrg ) — these categories are consolidating hard.
What survives: protocols with real revenue, real volume, or real infrastructure lock-in.
What doesn't: the middle layer. Tools that were "useful but not necessary." Protocols that ran on token incentives without building sustainable cashflow.

[Ember ✌️✌️ @Ember9hh]

@DeFiDegen_0x @MetaMask @LineaBuild @base Data points seems unrelating

[DeFi Degenerate @DeFiDegen_0x]

. @MetaMask Card growth data. Apr 2024 → May 2026.
~3,000 new wallets/week. ~20,000 transactions/week. Both at all-time highs.
Three things this chart is actually telling you:
Linea is the quiet winner.
~60% of MetaMask Card activity runs on @LineaBuild — not @base , not @solana . MetaMask and Linea are both @Consensys products. The vertical integration is working. Nobody talks about Linea on CT. The on-chain data does.

There's a clear inflection around Jul 2025.
Before July: slow drip. After July: consistent weekly growth across wallets and transactions. Something changed — either product distribution, card availability, or both. The slope doesn't lie.
EURe and GBPe are in the top 5 approval tokens.
Non-USD stablecoins showing up in spending data. European and UK users are using MetaMask Card with local-currency stablecoins — which just hit ATH in market cap this week. These two data points are related.

[Ember ✌️✌️ @Ember9hh]

@DeFiDegen_0x

[DeFi Degenerate @DeFiDegen_0x]

Reviewed 12 "trending" Web3 projects.

Only 2 have real proof.
The rest are selling dreams with buzzwords.

Here's my ruthless tier breakdown 🧵

[Ember ✌️✌️ @Ember9hh]

@DeFiDegen_0x 🤣

[Ember ✌️✌️ @Ember9hh]

@DeFiDegen_0x @NEARProtocol

[DeFi Degenerate @DeFiDegen_0x]

. @NEARProtocol Intents just crossed $33M in fees.
But the number that actually matters isn't the fees.
Thread 🧵

[DeFi Degenerate @DeFiDegen_0x]

Yieldcoins paid out ~$208M in the last 90 days.
Here's who actually captured the flow:
ethereum:0xa3931d71877c0e7a3148cb7eb4463524fec27fbd — 26% ($54M). Sky's stablecoin is quietly eating the yield market.
ethereum:0x9d39a5de30e57443bff2a8307a4256c8797a3497 — 13%. Ethena still running strong, no signs of slowdown.
$USYC + BUIDL — 19% combined. Institutional RWA yield is very real.
The rest of the field? 15+ tokens splitting the remaining 42%.
Fragmented. Competitive. And accelerating.

The race to be the default yield layer is on.

[Viction @BuildOnViction]

⚡PROGRESS UPDATE

Pre-Prometheus is now LIVE on Testnet.
Activated at block 36,911,450.

One step closer to Mainnet🔥
➡️Release Note: https://t.co/qNLMgFWOLO

[DeFi Degenerate @DeFiDegen_0x]

Bull Market!

[DeFi Degenerate @DeFiDegen_0x]

Other notable News on the DeFi Weekly - Another week of making sense of this 👇👇👇

1/ @willwarren is transitioning out of his co-CEO role at @0xlabsHQ , the DEX protocol powering billions in monthly trading volume across @coinbase , @RobinhoodApp , @phantom , and @krakenfx .

2/ @coinbase Lands @HyperliquidX Stablecoin Role Eight Months After Governance Vote Picked Native Markets
Native Markets is selling its brand assets to Coinbase as USDC becomes the protocol's canonical quote asset.

2/ @GroveXchange has launched Basin, a DeFi protocol providing instant onchain stablecoin liquidity for tokenized real-world assets with up to $1 billion in daily liquidity capacity.

3, @ethena 's ENA stablecoin is now live on the Solana blockchain through integration with @sunrisedefi .

4, Court Greenlights @ArbitrumNewsDAO Vote to Move $71M in Recovered Kelp ETH to @aave

[DeFi Degenerate @DeFiDegen_0x]

Someone vibe-coded a dashboard tracking how often @vibhu mentions @solana — then overlaid it against solana:So11111111111111111111111111111111111111112 price.

699 tweets. 6 weeks. 32.9% mention Solana.
The chart shows something interesting:
Mentions peak BEFORE price moves.
Late April: mentions spike from 20 → 55. solana:So11111111111111111111111111111111111111112 was still at $82. May 11: mentions hit 62. SOL at $91. +11% followed.
Is this alpha? Or just a builder talking about his ecosystem when things are happening?

Probably both. Vibhu mentions Solana more when real catalysts are live. Real catalysts move price.
The dashboard doesn't give you a trading signal. But it does tell you when someone with deep ecosystem context thinks something is worth talking about.

https://t.co/wsleoIjeIt

[DeFi Degenerate @DeFiDegen_0x]

A new perp DEX just launched on @HyperliquidX .
It would be nothing special — if not for one mechanic that nobody has tried before.
@papertrade_xyz. Here's what it does. 🧵
— 1000x leverage
— 0 slippage
— 0 funding costs
— Fair launch. No VC. No presale.
Built on Hyperliquid HIP-3. Fully onchain. 100% user-owned.
But the interesting part isn't the specs.

The $PAPER mechanic. Never seen before.
On every other perp DEX: traders vs traders. MM provides liquidity.
On PaperTrade: the LP directly matches every order. Trader wins → LP loses. Trader loses → LP wins.
Zero slippage because the counterparty is always there.
Here's the twist:
Every dollar you lose → $PAPER tokens are minted to you.
The LP grows from trader losses. $PAPER supply grows from losses too. Self-bootstrapping. No seed needed.
Most traders lose. On every other DEX, that's just a loss.
On PaperTrade — losing is farming.

[DeFi Degenerate @DeFiDegen_0x]

Toly has been shilling @PhoenixTrade lately.
There's a reason.
He invested in both rounds. 🧵

@PhoenixTrade — on-chain perpetuals exchange on Solana.
Built by Ellipsis Labs (same team behind Phoenix Legacy spot DEX).
$44.3M raised:
→ @paradigm
→ @ElectricCapital
→ @toly (both rounds)
→ @HaunVentures
→ @cobie · @mert · Ansem
Fully on-chain CLOB. Crankless. Instant settlement in a single transaction.
Currently: private beta.

[Ember ✌️✌️ @Ember9hh]

@DeFiDegen_0x @PhoenixTrade @paradigm @ElectricCapital @toly Love @PhoenixTrade

[Ember ✌️✌️ @Ember9hh]

@DeFiDegen_0x @solana

[DeFi Degenerate @DeFiDegen_0x]

DeFi protocols when they see @HyperliquidX 's weekly holders revenue: 👁️👄👁️
$15M. weekly. to holders. 11 employees.

"we're working on our tokenomics"

[DeFi Degenerate @DeFiDegen_0x]

Coinbase just added $SOL as loan collateral.

Borrow up to $100,000 USDC against your @solana . Without selling a single token.

Here's how the collateral expansion has played out:
Jan 2025 → BTC ($5M max)
Nov 2025 → ETH ($1M max)
Feb 2026 → XRP, DOGE, ADA, LTC ($100K max)
May 2026 → SOL ($100K max)
Powered by @Morpho on @base . No paperwork. No credit score. No fixed repayment schedule. Liquidation triggers at ~62.5% LTV — same tier as the Feb expansion.
The product has already seen $1.9 billion in loan originations to date. MEXC
The meta-point nobody is saying out loud:
Coinbase is systematically converting every major crypto asset into productive collateral.
You no longer have to choose between holding your SOL and accessing liquidity.
That's not a product update.
That's the onchain credit market becoming mainstream — one asset at a time.