Drey

Just here, showing up.

[Drey @_Drey_web3]

Hello crypto fam I'm Drey🚀.

A tech fan diving into DeFi & Web3.

I believe Blockchain can make finance fairer.

learning trading and building free tech projects.

Hyping up CryptoTwitter convos and reposting gems.

Let’s connect and do great things in this space🚀.

[Drey @_Drey_web3]

@tradeguru @hmalviya9 It was built to remove middlemen and blind trust, but turned into a giant hype machine driven by stories, hope, and influencers.
‘Don’t trust, verify’ became ‘believe the hype.’ In this world of endless opinions, clear thinking and real skills are the only real advantage

[The Tradeguru 🧠 @tradeguru]

Watching this made me realise that @hmalviya9 is brilliant at diagnosis and likewise dangerous at prescription (in a good way).

He talks about the Post-Human Society and how key industries will play a role, especially crypto.

My favorite clips from season 1 are:

1. (3:00) — We're already in the new order.

2. (8:34) — Make AI your manager.

3. (16:00) — Crypto is cryptography.

4. (12:00) — The wheel

5. (8:43) — The money/ religion/ politics triangle.

6. (17:30) — KOLs make their audience dumber.

You see clip 3, history as a sentiment weapon, is the one I can't stop thinking about.👇

His point: cryptography has been around for decades but only recently became a speculative market. That market is now a "sentimental game" that gets manipulated, you lose, you call it a scam, you leave but the loyal few stay to revive the crypto spirit.

Here's the part I want to point out and I do hope i get a reply from him:

Cryptography was invented to delete sentiment, banks, third parties, middlemen, spying and all what not. It's the only technology in modern history explicitly built to make trust unnecessary.

Then we built a religion on top of it. The thing engineered to remove belief became an industry that runs on nothing but belief and hope. A trust-killing tool, if you will, got colonized by trust-maximizing casino players.

Casino players I mean is, anyone in power or with influence. We notice that with the Argentina president, the US president, celebrities, CZ, KOLs, hackers, influencers, basically manipulating the market to their will.

And retail suffers. Even those thinking their dealing without snetiments already are because trading is a sentimental game and it will never stop.

Every newcomer who buys the top believes they're the rational one. Sentiment hides best inside people who think they're above it.

Sentiment used to be expensive; whales, media, coordinated shills. Now it's free and infinite: anyone can spin up a narrative and turn it to a whole movement for others to believe they can extract money from everything here.

He then says "Stay and trust the spirit" forgetting that not everyone is built for this anxious life.

So my non-conventional takeaway from all he said isn't HODL, and it isn't it's all a scam.
It's to go back to the first definition of Crypto — verify, don't believe. In a world where feeling can be mass-produced and turned to hype, my edge wouldn't conviction.
It's about value and discipline, personal skill development, and verifying whatever I wish to hold to be true.

This video made me think deeply and he's one of the very uunique and original people in this space whose focus is on acquiring knowledge.

[The Tradeguru 🧠 @tradeguru]

9 Projects Hiring Ambassadors in June

1. @knidosxyz - ai project on base
apply: https://t.co/VAhWHzhD8b

2. @TREX_chain - impactfi chain backed bby arbitrum
apply: https://t.co/ivyLyP4C74

3. @astros_ag - trading hub on sui
apply: https://t.co/d25fH7qsdY

4. @ChimpxAI - defi on solana, raised $2.6m recently
apply: https://t.co/eNpopXIy44

5. @injective - blockchain for AI and advanced tech.
apply: https://t.co/m6s9RZX98D

6. @arxoninfra - privacy blockchain, $100k 30 days duration.
apply: https://t.co/EqWKCyQDiB

7. @ActionModelAI - AI protocol.
apply: https://t.co/jS87OFZ5Ie

8. @Ginox_official - trading and tools hub, $500 monthly.
apply: https://t.co/16LjDyY9M3

9. @solanafunded - creator program, $30k pool.
apply: https://t.co/llgeIDmSob

[The Tradeguru 🧠 @tradeguru]

Dollars are flooding on-chain faster than ever.

The total on-chain stablecoin market supply sits at roughly $320B+, up about 34% YoY with USDT and USDC owning ~85% of it.

If volume were the whole story, there'd be nothing interesting about stablecoins.

But underneath that placid surface, two completely different business models were born.

> On one side sit the payment dollars: USDT and USDC, fiat-backed, legally barred from paying anyone a cent of yield.

> On the other side are the yield dollars: USDe, USDS, USD1, with new entrants like strUSD, and a growing bench of synthetic and savings-wrapped tokens that route Treasury and trading yield to holders through DeFi rather than from the issuer.

The split between these two halves wasn't because of user demand or product competition. It was imposed by law – The Genius Act.
And after the regulatory division, of all the players who found themselves on the yield side of the wall, @SkyEcosystem and @ethena have been the most profitable.

But if you look at it from a volume lens, USDS wouldn't make the cut because top stablecoins driving volume onchain now are;

1| USDT → $70–90B
2| USDC → $12–15B
3| USD1 → $2–3B
4| FDUSD → $180–200M
5| RLUSD → $150–170M
6| XPL → $120–130M
7| USDG → $90–95M
8| PYUSD → $75–85M
9| DAI → $45–50M
10| USDe → $45–48M
11| STABLE → $18–20M
12| FF → $16–18M
13| RESOLV → $8–9M
14| STBL → $3–4M
15| USDf → $881.67K

Since we're measuring profitability, not throughput. Let's talk about Sky.

USDS supply rose 74% YoY to $9.2B, with some trackers showing it crossing $10–11B. Roughly half of all USDS is staked into sUSDS (the yield-bearing version), implying that $4.6–6B of the supply is in sUSDS.
This shows a very strong conviction from holders because for half the USDS holder base to choose to lock into the yield product rather than just hold the bare dollar, then that's bullish

Here are some other hidden facts that make Sky interesting that most coverage misses:

First → A meaningful share of Sky's collateral is just USDC parked in the Peg Stability Module, earning T-bill yield. Holding USDC and lending it on @aave captures roughly the same underlying return as holding sUSDS, with different middlemen taking different cuts. USDS isn't conjuring exotic yield, it's repackaging the same T-bill economics as USDC, but with the yield built-in to the token. Sky's real competitive advantage is in how easily sUSDS plugs into the rest of DeFiAcross Morpho, Aave V3 and Spark.

Second → Sky's 2026 outlook reportedly projects USDS supply reaching $20.6B with $611.5M in gross protocol revenue, with Rune Christensen pointing to Sky Agents (AI-driven automation), tokenized credit, and the Star/subDAO structure as growth catalysts in 2026.

Third → The Sky Savings Rate governance is funded from three internal streams: RWA collateral (T-bill returns), the Spark borrow rate, and Spark Liquidity Layer provisioning. This is why Sky's revenue ($338M) is durable, it's not a single-source yield that collapses when one market turns.

Fourth → Sky is positioning USDS as the default dollar for AI agents and this is a genuinely forward-looking moat. The thesis is that autonomous AI agents transacting on their own will need a dollar they can verify programmatically in real time to monitor collateral, assess yield, confirm liquidity profile, then execute — all without a human or a bank in the loop.

However, no stablecoin supply report is ever complete without Ethena, the protocol that proved a non-fiat, non-CDP dollar could scale among giants. USDe is the third-largest stablecoin, having surpassed $14B at its 2025 peak and reaching $10B in 500 days (the fastest any stablecoin in history hit that milestone).

Roughly 55% of USDe is staked as sUSDe with a yield rate at 9.4% in the last 7 days and up to 11.8% in 90 days.
Ethena holders move like USDS holders. This is also the same raw convition where more holders are locked into the protocol.

Other stablecoins on the bench with key signals worth naming:

→ USDG (@global_dollar) — supply up 4.3% in a week, might be a potential demand-shift signal.

→ RLUSD (@Ripple) — entered the top 10 by supply in late 2025; circulating supply up by 47% in a single month at one point, ~1,278% YTD growth into November 2025.

→ PYUSD (@PayPal) — crossed $1B via its Spark partnership (Sept 2025), now a top-10 stablecoin, expanding deposits through SparkLend.

→ strUSD (@tori_finance) — new entrants the market has been excited for since March.

These are the ones i'm looking at onciahin atm.

[The Tradeguru 🧠 @tradeguru]

Market Outlok #8

1/8 On-chain RWAs have surpassed $34B, up roughly 100% Year-over-Year.

More importantly, RWA growth is now outpacing stablecoin growth by 6.4%, up from 2.7% in 2025.

The data is becoming impossible to ignore.

A breakdown of where that growth is coming from🧵

[The Tradeguru 🧠 @tradeguru]

The On-chain Perpertual Derivatives Tier List

Ranked by relevance to the narrative in 2026

S
.@HyperliquidX - The only protocol that built a trading chain from scratch and got paid for it. $844M in fees in 2025. HyperCore's CLOB runs at 200k orders/sec with one-block finality. HIP-3 turned it into a platform. $HYPE up 142% YTD.
$9.82B Open Interest · 50.8% on-chain perp volume · 6.63% of all global CEX perps.

A
.@dYdX - one of the perps category pioneer, now playing catch-up in a race it started. Its own chain gives sovereign fee capture and retains a genuine edge for institutional-sized single trades on select pairs.

.@Aster_DEX - peaked at 30.3% volume share → now ~20.9% share. BNB Chain-native, dual-mode architecture; AMM + CLOB pro mode. $408B cumulative volume before end of 2025.

.@edgeX_exchange - was at 26.6% share early 2026, but now declining. It's a $0-fee CLOB with strong early volume capture. Might lose ground without a clear product angle.

.@Lighter_xyz - $244.6B volume peak · token off ATL by +37%. It's the most technically interesting challenger ammong others in this tier. $0-fee CLOB on Ethereum mainnet. Zero revenue to token holders but sriously seeing accmulations.

B
.@DriftProtocol - has <3% total perp DEX volume. It's Solana's dominant native perp venue. Healthy within its ecosystem, but has seerious problem ceiling mindshare outside it. Lost high-value users to Hyperliquid post-airdrop and hasn't reversed that flow.

.@vertex_protocol - Arbitrum ecosystem perp, similar profile to Drift on Solana. Chain-ecosystem specialist without a clear expansion path.

.@JupiterExchange Perps - $2.5B TVL · $93B monthly aggregator vol. The perp product lives inside a much bigger machine; Jupiter's aggregator, spot trading, and $APE memecoin platform together driving enormous throughput. The perps section limits their focus but provides steady distribution most standalone DEXs can't match.

.@GMX_IO - pool-liquidity AMM model on Arbitrum. Their AMM-based alternative is for traders who value pool liquidity dynamics over order books. Still the go-to for a specific trader profile that doesn't fit the CLOB platforms.

C
.@PercolatorTrade - the most high-profile entrant in this tier right now. The architecture based on sharded matching engines, cross-slab portfolio margining, SVM-native composability. The thesis is sound but no mainnet date yet.

.@pacifica_fi - this appears in the most comprehensive 2026 perp DEX directories alongside Lighter and EdgeX as an "emerging venue" worth tracking. however ther is limited public data on volume or architecture at this stage.

.@grvt_io - hybrid CEX/DEX model with CEX-level performance. Has a scheduled TGE in June 2026. The institutional positioning is credible but volume history is thin.

.@Ostium - consistently listed among emerging perp DEX venues focused on RWA perps; commodities and forex specifically. It's pursuing the same asset class as HIP-3 but from a different architectural angle.

.@paradex - this one's CLOB-based. Low public volume data but architectural credibility places it ahead of other purely speculation-stage projects.

.@reya_xyz - shows up in institutional-grade DEX conversations specifically positioned around professional execution and collateral design rather than retail onboarding.

.@aevoxyz - it was a legitimate contender for options and perps volume in 2024–2025, particularly around volatility events, but has lost narrative momentum in 2026. Still functional; no longer part of the conversation at the top.

Who did I miss?

[The Tradeguru 🧠 @tradeguru]

Everybody's been burned by airdrop tasks that went nowhere.

Here's one that at least has a team that has built and shipped real infrastructure before.

I got hinted at Unicity. This one's free, takes less than 10 minutes a day, 74.5% of tokens go to the community…and creators can make content about them to earn.

If you haven’t totally given up in this space, here’s the full guide to Epoch 2 ↓↓

1. Go to the quest platform
→ Visit https://t.co/RrlsTd7b2O and click Connect. You'll be prompted to create a new wallet; don't use MetaMask or an existing wallet, you have to use Unicity’s native wallet.

2. Create your wallet & Unicity ID
→ Choose a handle (e.g. @-yourname) — this becomes your Unicity ID. It ties all your on-chain activity across every epoch to one identity. Don't close the wallet window while active, it logs you out and can break ongoing tasks.

3. Link your social accounts
→ Connect X (Twitter) and Discord to your Unicity ID to unlock social quests, and enable referral tracking. You have to do this before completing any tasks.

4. Claim testnet tokens from the faucet
→ Go to “Top Up” on the wallet and request from the Faucet, then claim the max available, up to $500K in testnet UCT. You need these for every on-chain task. You can also send tokens to friends' wallets (counts toward volume quests).

[The Tradeguru 🧠 @tradeguru]

Good News From Crypto That Nobody Is Talking About

1. The US finally legalized Bitcoin perps
2. @solana ETFs pulled $15.6M in inflows last week
3. $HYPE hit a new ATH of $70, making it the 9th largest cryptocurrency by market cap, flipping $DOGE, and pulling in $100M in ETF inflows.
4. @NEARProtocol's dynamic resharding upgrade is live.
5. @SuiNetwork launched gasless stablecoin transfers.
6. @base launched Azul, its first fully independent network upgrade, built and deployed entirely by the Base engineering team, end-to-end, without waiting on external OP Stack.
7. @AerodromeFi and @VelodromeFi are merging ahead of Aero’s launch in July.
8. Telegram might have just become the cheapest chain to transact on. They reduced TON fees by 6×.
9. @OndoFinance Global Markets hits $1B TVL in 8 months.
10. @Uniswap's fee switch just activated on BNB, Polygon, and Celo.

just cleansing the timeline...

[The Tradeguru 🧠 @tradeguru]

1/6 Allow me to answer that.

Canton just did $2.03M in 24h protocol revenue:

↪ Nearly 2× of Tron’s $1.08M
↪ 8× of Base’s $240K
↪ 15× of Ethereum’s $131K

Since people are still sleeping on $CC, let me explain who @CantonNetwork actually is. 🧵

[The Tradeguru 🧠 @tradeguru]

9 Projects Hiring Ambassadors in May.

.1 .@tryquantio - offering $100k to creators and $10 fo wallchain ambassadors.
Apply: https://t.co/F0Vc6JMgwl

.2 .@prophetmarketai - offering $10k via wallchain.

.3 .@guardis_io - also $10k via wallchain.

.4 .@AryzeOfficial - no stipulated amt.
Apply: https://t.co/jhC1BT7Vtx

.5 .@0xbeepit - $2k monthly pool.

Further Tips: these are the most active KOL agencies getting paid oppurtunities for creators.

.6 .@sndcapp - all-in-one hub for insights on creator campaigns.

.7 .@DVerseGTM - middleman between creators and projects offering reasonable rewards for growth.

.8 .@scribble_dao - middleman between creators and projects offering reasonable rewards for growth.

.9 .@worktoearn_en - sharing regular posts on hiring teams, from creators down to community managers.

Let me know the one's you're on of late.
bls share alfa🥲

[Drey @_Drey_web3]

@ZaazooKing80423 @_REAL_FX @AbefeAdeba42795 Gm motion

[Drey @_Drey_web3]

@Sarahifyy Gm Sarah

[Drey @_Drey_web3]

@tradeguru @HyperliquidX Using the same account as your normal trading, zero fees, no liquidation risk, and it works smoothly on HIp-4. This could take a lot of the volume, especially with the 2026 World Cup coming.

[The Tradeguru 🧠 @tradeguru]

Outcome markets are having their moment and @HyperliquidX's HIP-4 is the spotlight of the conversation.

Here's a full map to help position for the gold rush

In less than 2 years, prediction markets has 17x’d, crossing $25B back in March. The total lifetime volume on @Polymarket + @Kalshi alone surpassed $150B, exerting an 85-95% dominance of the entire category.

However, new prediction market entrants are slowly diluting the duopoly in the prediction space, and gaining traction.

The shift comes down to four things:

•1• The 2026 World Cup, which gives prediction markets a major global sports catalyst. The World Cup markets are among the biggest sports markets worldwide.

•2• The second is better capital design. Some platforms are now adding rewards, liquidity incentives or yield-style features around collateral and market making.

•3• The third is the U.S. regulatory opening. Polymarket has a clearer path back into the U.S market after CFTC approval, and Kalshi already operates as a regulated prediction market exchange.

The fourth is Hyperliquid’s HIP-4.

HIP-4 brings prediction markets directly into Hyperliquid’s trading stack:

• HIP-4 lets traders buy YES/NO outcome contracts on Hyperliquid, using the same account where they already trade perps and spot,with zero fees to open.
• No leverage, no liquidation risk.
• Wins are settled in USDH.
• Execution rthrough HyperCore’s order book.
• Builders can also deploy markets by staking 1M HYPE.

Enter 30+ names now making noise in prediction markets.

→ The HIP-4 stack — @Outcomexyz @StratiumX @LiquidictionHL @HyperSwapX @hip4io @carsonthedev @perpmate @__HLOS @Markets_xyz

→ Polygon — @Polymarket

→ Ethereum — @AugurProject

→ Base — @trylimitless @OmenX

→ BNB Chain — @opinionlabsxyz @MyriadMarkets @predictdotfun @0xProbable @PancakeSwap Prediction @PRDT_Finance

→ Solana — @JupiterExchange Predict @DriftProtocol BET @HxroNetwork @TheHedgehog_io @BetDEXLabs @gamba

→ Blast — @predictdotfun

→ Arbitrum — @SX_Bet @azuroprotocol

→ Polkadot — @ZeitgeistPM

[The Tradeguru 🧠 @tradeguru]

Market Outlook Series #7

1/4 30 days post-Kelp hack, the cross-chain map has redrawn itself.

Solv, Re, Kraken, Lombard, and others, gone from LayerZero. All now live on CCIP.

Despite @PrimordialAA's public mea culpa, L0 has bled $4B in TVL. So why CCIP specifically?

[Drey @_Drey_web3]

@WAsunke Just pray you don’t have any
Have you been with a sickle cell patient before?

[Drey @_Drey_web3]

@WENSYWHINNY @AdrenaProtocol @MySpenda Winner 🏆

[The Tradeguru 🧠 @tradeguru]

1/6 In terms of quantum readiness, @NEARProtocol has a structural head start over most chains.

They just confirmed a paradigm shift in crypto wallet security: Post-Quantum Signing.

I know most of you don't know sh*t about quantum crypto, so... quick eli5🧵

[Drey @_Drey_web3]

@WAsunke Exam wan carry away from us

[Drey @_Drey_web3]

@Sarahifyy Congrats girl
Keep winning