Minjun Kim | 김민준

Digital assets & on-chain research | Market structure, protocols, and emerging trends

[Minjun Kim | 김민준 @MinjunDigital]

The tokenization opportunity is huge, but the real test is making onchain assets useful, accessible, and reliable at scale. Excited to see Solana builders pushing that vision forward.

[Solana @solana]

“Most traditional financial assets are going to be onchain in the next five to ten years. I believe it can happen only on Solana.”

@Keren_maimon1 and @RonSade_ of @Solmate, on the token supercycle and Breakpoint

[Minjun Kim | 김민준 @MinjunDigital]

Solana gaming can help Web3 grow by giving people a fun reason to show up—not just a wallet to connect. Dookey Dash showed how a game can bring community, competition, and onchain rewards together. Excited to see what Solana builders ship next.

[Solana Gaming @solanagaming]

new banner, who dis? 🔜

[Minjun Kim | 김민준 @MinjunDigital]

Interesting positioning divergence. If the chart is accurate, it may suggest larger players are buying while retail sentiment turns bearish—but that alone doesn’t confirm a bottom or guarantee a reversal. Worth watching how the trend develops.

[CGT Trader @CGT_Trader]

$BTC

This is actually insane.

Whales are accumulating at record levels while retail traders continue to short the lows.

The divergence in positioning is now even larger than it was during the bottoming range.

Looks like retail is falling for a massive bear trap while larger players are quietly buying up every dip they get.

[Minjun Kim | 김민준 @MinjunDigital]

Can't wait to see everyone there!

[Superteam @superteam]

5 more days until breakpoint london 🇬🇧

[Minjun Kim | 김민준 @MinjunDigital]

BTC’s recent pullback is a reminder that this market never moves in a straight line. I’m still optimistic about a recovery into 2027—short-term volatility doesn’t change my long-term view. Nothing is guaranteed, but I’m keeping my eyes on the bigger picture.

[Bitcoin @Bitcoin]

$74,729.20

#Bitcoin

[Minjun Kim | 김민준 @MinjunDigital]

Love seeing builders turn the badge app store into a real ecosystem. No need to wait for the badges—build, ship, and get feedback. Time to get something live before Breakpoint.

[Solana Developers @solana_devs]

Builders have already added 20+ apps to the Breakpoint badge app store (without even holding the badges yet).

Build something and ship it before Breakpoint: https://t.co/uvLd4fD76y

[Minjun Kim | 김민준 @MinjunDigital]

A meaningful step toward making Bitcoin more productive in DeFi. With cirBTC now available as collateral on Aave, users can borrow assets like USDC while keeping exposure to wrapped BTC.

[Aave @aave]

cirBTC (@Circle Wrapped BTC) is now live on Aave V3 and Aave V4 on Ethereum.

cirBTC can be supplied as collateral to borrow assets like @USDC in the Aave V3 Core market and Aave V4 Core Hub.

[Minjun Kim | 김민준 @MinjunDigital]

X is developing the future of trading, excited to see whats to come!

[Solana @solana]

BREAKING: Users can now trade any Solana token on @fomo directly from X Cashtags.

See live market data powered by Solana and trade in a single tap.

[Minjun Kim | 김민준 @MinjunDigital]

Private-by-design finance, built right onto Solana. Curious to see what developers create with programmable encryption onchain.

[Helius @Helius]

Today, Solana changes forever

Introducing Solana Privacy Rings - encryption at the speed of Solana

Rings are programmable, onchain environments for encrypting money, markets, and finance - without ever leaving Solana

Now live on mainnet.

[Minjun Kim | 김민준 @MinjunDigital]

Onchain finance needs infrastructure anyone can build on. Base is making that vision real. Let’s build!

[Brian Armstrong @brian_armstrong]

Base is quickly becoming the home for onchain finance. Lending markets now hold $7.49B in supplied assets, with $2.65B borrowed.

It's financial infrastructure for everyone to use and build on: trading, payments, lending - and it's all beloved by agents.

Come build on Base! (see link below)

[Minjun Kim | 김민준 @MinjunDigital]

55

[Solana @solana]

This time next week, you’ll be collecting your Breakpoint badge.

If you thought the ecosystem was saving everything for London, you forgot Solana builders are built different. A phone giant, a payments giant, and a 200-year-old asset manager all showed up seven days early.

Here’s what shipped:

📰 Headline News

- Samsung Wallet stablecoin accounts went live enabling USDC on Solana across 82M compatible Galaxy devices

- @Schroders partnered with @centrifuge to bring an emerging markets debt fund to Solana

- Solana led all networks with $2.6B in RWA net inflows over the past 6 months

📰 Launches

- @stripe enabled USDC and OUSD payouts on Solana for US businesses across 160+ markets

- @Securitize added 13 tokenized stocks including Disney and ExxonMobil backed 1:1 by real shares

- @Sunrise listed $MNST and $SPY issued by @Backpackonchain

- @jtx_trade launched tokenized-equity trading with direct quotes from @Backpack and @Ondo

- @leapxyz by @solanalabs opened early access to its mobile trading app

- @kamino launched the @ExponentFinance PT-reUSD market curated by @SteakhouseFi for @re reinsurance yield

- @reflectmoney opened pre-deposits for Protected and Amplified nALPHA vaults for private credit, energy and payment financing

- @akashnet community voted 97% YES to migrate its decentralized cloud to Solana

- @harmonic_gg launched its Searcher Network public beta for non-toxic MEV auctions

- @ArcherExchange_ open-sourced its Solana HFT market-making bot

- @MeteoraAG upgraded Ape In and Zap In to support multi-hop routing for more reliable swaps

- @solanamobile announced its daily SKR Buy and Burn, funded by a share of validator and Seed Vault Wallet revenue

- @final_wallet introduced a non-custodial wallet with biometric sign-in and no seed phrase

- @sanctumso introduced 2-of-3 smart accounts for all Sanctum wallets via @multisig with recovery secured by @turnkeyhq

- @ocelot_fi opened its beta for liquidation resistant leveraged tokens powered by @PhoenixTrade

- @r8rate debuted two-sided sentiment markets for tokens, memes and people

- @benchdotmarkets opened early-access requests for its Trust Tokens platform

- @mobyagent debuted an AI trading integration allowing agents to trade autonomously

- @AnodosFinance opened its Freedom Banking platform to the public

- Safirum launched its Swiss franc stablecoin CHF-S on Solana

- @MetaDAOProject launched a fundraising program for consumer app founders

- @multiliquid_xyz launched a treasury product linking yield to 3-month T-bills

- @incubator opened applications for Cohort 6 in NYC starting March 2027

- @MagicalQuests launched a quest platform for trying Solana apps, with rewards powered by @magicblock

- @kamino teased an upcoming beta for its new platform experience

- @doodles announced the DoodleBox activation for Solana Breakpoint

- @Claynosaurz announced a Solana Breakpoint event in partnership with @MadLads and @opensea

📰 Milestones

- Solana processed an ATH of 3.4B successful transactions in October

- Solana applications generated $153M in revenue during October

- @Backpack Securities recorded an ATH of $2.3B in monthly volume and crossed 600K tokenized stock holders

- $SPCX led all tokenized stocks on Solana with $600M+ in October trading volume

- Tokenized stock holders on Solana surpassed 1.8M

- $MNST recorded $10M+ volume and 100K+ trades in its first hour on Solana

- @xStocksFi scaled to over 1,500 live tokenized stocks on Solana

- Tokenized stock daily trading volume on Solana hit a new ATH of $657M

- @PhoenixTrade surpassed $5B in cumulative perp volume on Solana

- @kamino recorded $85M+ in fixed-rate loan originations and $35M+ in Auto Rollovers

- @onrefinance crossed $10M in active fixed-rate loans against ONyc collateral on @kamino

- @jupiter_trade bridge crossed $10M in total volume

- Solana settled a record $141M in stablecoin card spend in October, up 7x YoY

- Solana facilitated $5.5B in October trading volume for foreign assets

See you at Breakpoint.

[Minjun Kim | 김민준 @MinjunDigital]

5

[Solana @solana]

We asked people shaping the ecosystem one question:

What would you build now?

Introducing Solana’s Request for Startups.

[Minjun Kim | 김민준 @MinjunDigital]

4

[Solana @solana]

Breakpoint 🔜

[Minjun Kim | 김민준 @MinjunDigital]

111

[Bloomberg Crypto @crypto]

BlackRock CEO Larry Fink pledges to open up private markets to millions of everyday investors, not just the wealthy few https://t.co/jDRP5gShtz

[Minjun Kim | 김민준 @MinjunDigital]

222

[Bloomberg Crypto @crypto]

Michael Saylor’s Strategy bought $1.9 billion of Bitcoin, the latest in a series of almost weekly acquisitions of the cryptocurrency since late October https://t.co/NNFVMwl9eF

[Minjun Kim | 김민준 @MinjunDigital]

1

[Bloomberg Crypto @crypto]

Shares of Coinbase and other firms linked to cryptocurrencies have been hammered this quarter as growing concerns about the US economy weigh on digital assets https://t.co/yvn6Siwf7z

[Minjun Kim | 김민준 @MinjunDigital]

1

[Bloomberg Crypto @crypto]

If Elon Musk wants to smush X and xAI together, no one will complain, and it doesn’t mean anything. https://t.co/l2KhbYCROE

[Minjun Kim | 김민준 @MinjunDigital]

22

[Bloomberg Crypto @crypto]

Coming soon: Go in-depth on Pointed, our weekly news quiz. Quizmaster @AimeeLucido's newsletter will reveal how the game is made and give hints for next week.

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