ada

[ada @ada9281]

@Tanaka_L2 $JUP will win sir

[Tanaka @Tanaka_L2]

➥ Which DEX is generating the most sustainable revenue?

DEX revenue is no longer only about who has the biggest volume, because each protocol captures value through a different model.

Some rely on spot trading fees, some rely on aggregator flow, some rely on veTokenomics, and some are still highly dependent on ecosystem cycles.

» volume king → @Uniswap / $UNI
» Solana aggregator → @JupiterExchange / $JUP
» Base liquidity hub → @AerodromeFi / $AERO
» multi-chain retail DEX → @PancakeSwap / $CAKE
» Solana AMM + launchpad → @Raydium / $RAY
» stablecoin AMM → @CurveFinance / $CRV

one thing to note: high volume does not always mean strong protocol revenue, and strong fees do not always mean direct value accrual to token holders.

I personally prefer DEXs with long-term brand, deep liquidity, multi-chain reach and a clear path for fee capture.

That is why I’m still betting on $UNI.

Uniswap has the strongest brand in DEXs, huge liquidity, V4 Hooks, Unichain, multi-chain expansion and the biggest upside if fee switch becomes a real value accrual engine.

btw, if DeFi enters a more revenue-focused cycle, I think $UNI is one of the cleanest blue-chip bets in the DEX sector ↓

[Tanaka @Tanaka_L2]

My bear market shopping list 👇👇👇

$ETH $TAO $HYPE $ASTER $JUP $AAVE $SKY $MET $PENDLE $UNI $PUMP $VIRTUAL $CARDS $ONDO

I’m looking at this list through 3 filters: cash flow, real usage, and macro positioning.

In a bear market, I don’t want tokens that only depend on narrative rotation. I want assets where the protocol has a clear reason to survive lower liquidity conditions.

For market context:

At the current stage, I see 4 signals that make the risk/reward more attractive:

[1] BTC has already flushed into a major long-term support zone.

– It recently traded around the $58k-$61k area, close to the 200-week moving average zone that has historically mattered in previous cycle bottoms.

– I don’t treat this as a guaranteed bottom, but I do treat it as a serious accumulation zone.

[2] Sentiment is already in extreme fear.

– The Bitcoin Fear & Greed Index recently showed 17, which means the market is no longer pricing optimism.

– In my experience, the best entries usually come when most people are reducing risk, not when everyone is confident again.

[3] Forced selling pressure is becoming visible.

– BTC weakness is now pressuring treasury-style crypto equities like Strategy, and that kind of stress often appears late in a downtrend.

– I don’t buy because of panic alone, but panic plus long-term support is worth paying attention to.

[4] Macro is still tight, which means I don’t expect a clean V-shape recovery.

– The Fed’s latest projections removed 2026 rate-cut expectations, so liquidity is not fully supportive yet.

– That is why I prefer staged buying instead of going all-in.

When BTC is down hard, ETH is weak, sentiment is extreme fear, ETF flows are mixed, and macro is still cautious, the market is usually closer to long-term opportunity than short-term comfort.

For altcoins, I’m focusing on assets with one of these traits:

– real fees + buyback or burn design

– strong liquidity + durable user demand

– institutional narrative + clear sector exposure

A few names in the picture fit that logic well:

– $HYPE: strong buyback model, direct link between activity and token demand

– $ASTER: aggressive fee buyback structure, worth tracking if volume holds

– $JUP: fee lock model adds long-term supply pressure reduction

– $AAVE: still one of the strongest DeFi money markets, with real fee generation

– $SKY: smart burn mechanism, tied to one of the most important DeFi balance sheets

– $MET and $PENDLE: both connected to fee flow and staker distribution, which matters when speculation slows

– $UNI: burn model becomes more interesting if Uniswap governance keeps moving toward value capture

– $PUMP: high-risk, but the burn data shows real market activity behind it

Then I add my own macro layer:

– $ETH remains my core crypto asset because it has the strongest institutional alignment: ETFs, stablecoins, RWAs, and DeFi settlement.

– $TAO gives me AI exposure with a crypto-native incentive system. It is volatile, but it fits the long-term AI x Crypto thesis better than most.

– $VIRTUAL is my AI agent bet. I want exposure to the sector before it becomes obvious again.

– $ONDO is my RWA pick. If rates stay relevant and tokenized finance keeps expanding, Ondo stays on my watchlist.

– $CARDS is more speculative, but I keep it on the list because smaller narrative tokens can outperform when liquidity returns.

My approach is simple, I size based on conviction.

Bear markets punish weak tokens, but they also give better entries on protocols with real economic design iykyk.

[ada @ada9281]

@Tanaka_L2 $ETH and $HYPE

[ada @ada9281]

@Tanaka_L2 I think the real unlock is not retail payments, but institutional liquidity management.

[Tanaka @Tanaka_L2]

Happy weekend fam,

Banks are finally doing the stablecoin arc. I do think blockchain got good enough for them to onboard, but tbh the bigger reason is everything started lining up at once.

Degens call stablecoins PMF because they can buy memecoins and a coffee with the same balance.

Banks looked at the same primitive and found a massive market.

Regulated cash that moves 24/7, settles near instantly, is programmable, plugs into tokenized assets, and reduces the amount of idle capital sitting around.

They want treasury desks moving liquidity after hours, margin posted instantly, FX and securities settlement with an onchain cash leg, and corporates moving money across borders.

2026 feels like the inflection year because the regulatory fog is clearing:

– MiCA is live in Europe

– GENIUS gave the US a stablecoin framework

– Hong Kong has a stablecoin licensing regime

– the UK is finalizing systemic stablecoin rules

– Japan already allows licensed banks, trust companies, and remittance firms to issue

– Canada is moving toward 1:1 reserve and redemption rules

You can ask why bank-issued or bank-backed stablecoin supply is still tiny. Because the biggest banks are building their own version of onchain cash.

Top banks pushing this now:

– @HSBC: launching an HKD stablecoin in H2 2026 under HKMA licensing.

– @BMO_US: building a 24/7 tokenized cash platform for institutional clients, expected in H2 2026 if regulators approve.

– @jpmorgan: pushing its deposit token strategy with JPMD through Canton. JPM says stablecoin-like rails are useful, but bank deposit tokens are the cleaner wholesale version.

– @BankofAmerica: plugged into the US bank-owned tokenized deposit network through The Clearing House.

– @Citi: building a global payments stack around cross-border transfers, FX netting, correspondent banking compression, and tokenized deposit infrastructure.

– @BNPPAM_COM: one of the key names behind Qivalis and also plugged into broader wholesale settlement infrastructure like Fnality.

– @ING_news: pushing the Qivalis euro stablecoin for corporate banking.

– @UniCreditEurope: another founding Qivalis member, likely focused on corporate treasury and cross-border euro settlement.

– @SocieteGenerale: European bank-affiliated stablecoin issuer through SG-FORGE and EURCV.

– @mufgcr_official, @smbc_midosuke, and @mizuhobank: moving together on a shared yen stablecoin structure for fiscal 2026.

– Project Agorá brought together 8 central banks and 40+ financial institutions to test tokenized bank deposits and central bank reserves on the same settlement layer.

Crypto projects definitely got jobs.

Infra providers like @FireblocksHQ, @CantonNetwork, @chainlink, @Anchorage, and @BitGo are becoming the picks and shovels for bank money moving onchain.

Funny how banks spent years calling crypto risky, then realized the most useful crypto product is just money that settles faster than their own systems.

[Mantle @Mantle_Official]

Being early pays off, and we mean it.

The 50 early birds of the Mantle Prediction Cup with @InsightXHQ are here.

$1,000 in $MNT rewards.

See if you made the cut ↓

[ada @ada9281]

@Tanaka_L2 @ProdigyFi I like this model because I don’t need to predict the market perfectly.

I only need to choose a price where I’m genuinely comfortable owning ETH.

[ada @ada9281]

@Tanaka_L2 You missed $CC

[Tanaka @Tanaka_L2]

➥ ZK, FHE, MPC and TEE are building the privacy stack for blockchain and AI

These technologies are often grouped together, but they solve very different problems.

– ZK → proves something is true without revealing the underlying data.
– FHE → computes directly on encrypted data.
– MPC → lets multiple parties compute without exposing private inputs.
– TEE → runs sensitive workloads inside protected hardware.

⓵ ZK is strongest for verification, private identity and blockchain scaling

Projects to watch:

» privacy execution → @aztecnetwork
» shielded transactions → @Zcash
» ZK scaling → @Starknet, @zksync, @Scroll_ZKP

⓶ FHE is focused on confidential smart contracts, private balances and encrypted DeFi

Projects to watch:

» FHE infrastructure → @zama @mindnetwork_xyz
» confidential coprocessors → @inconetwork, @fhenix

⓷ MPC is already widely used in custody, threshold signatures and shared computation

Projects to watch:

» private computation → @partisiampc
» institutional custody → @FireblocksHQ
» keyless wallets → @ZenGo

⓸ TEE offers the best performance for private AI, confidential execution and MEV protection

Projects to watch:

» confidential EVM → @OasisProtocol
» private smart contracts → @SecretNetwork
» confidential AI → @PhalaNetwork
» private block building → @flashbots_x

I don’t think one technology will win everything, because the strongest privacy systems will likely combine several of them.

ZK can verify, FHE can encrypt computation, MPC can distribute trust and TEE can improve performance.

The real winners will be the projects that make privacy fast, composable and easy enough for everyday users.

[Tanaka @Tanaka_L2]

“Bitcoin provides zero value to society” is usually said by people who confuse value with cash flow.

Bitcoin does not produce products, pay dividends or employ thousands of workers, because it was never designed to operate like a company.

its value comes from providing something the traditional financial system cannot guarantee:

– a monetary network that operates 24/7 without requiring permission
– a fixed supply that no government or central bank can dilute
– the ability to hold and transfer wealth without depending entirely on intermediaries
– settlement system that anyone can verify and no single entity can control

I agree that much of the current market is driven by speculation, and I do not believe Bitcoin solves every financial problem.

But saying it provides zero value ignores millions of people living under currency debasement, capital controls, banking restrictions and unstable financial systems.

I don't hold Bitcoin because I think it is perfect. I hold it because neutral, scarce and permissionless money has real value in a world where trust in institutions is becoming increasingly fragile.

You may believe $BTC is overvalued, inefficient or too volatile, and those are valid debates.

But zero value is not analysis. It is simply refusing to understand what Bitcoin was built to solve.

[ada @ada9281]

@Tanaka_L2 Bitcoin never die :D

[ada @ada9281]

@Tanaka_L2 Only $HYPE we can trust

[Mantle @Mantle_Official]

Your tokenized assets just got more rewarding.

xPoints by @xStocksFi are now live on Mantle. Plus, @Fluxion_network is adding a share of 1M Fluxion points to go around.

Trade, hold, or LP your favorite tokenized stocks & ETFs on Fluxion today.

Every move earns on two fronts.

[Tanaka @Tanaka_L2]

I came across something pretty interesting on @42Space today.

They've launched a unique market for the 2026 World Cup called "World Cup Star of Stars", where the goal isn't picking the tournament winner or the top scorer, but identifying which listed player will deliver the best overall individual performance throughout the tournament.

Most people naturally gravitate toward markets like:

– World Cup Winner
– Golden Boot
– Golden Glove

But Star of Stars feels much more interesting to me because it's based on each player's average SofaScore rating across the tournament.

That score takes multiple performance metrics into account, including: Goals, Assists, Chance creation, Overall match impact, etc.

From a trading perspective, I think this creates a much more dynamic market.

Player form changes from game to game, momentum shifts throughout the tournament, and every performance has the potential to move the market significantly.

That creates more opportunities to actively manage positions instead of simply waiting for the tournament to end.

I've decided to back Kylian Mbappe:

– I believe France has a legitimate chance to reach the World Cup Final, and Mbappe has every opportunity to become the driving force behind that run.

– Kylian Mbappé has also enjoyed an outstanding start to the group stage, scoring 4 goals in his first two matches.

– According to SofaScore, he received ratings of 8.1 and 9.2 respectively, highlighting just how influential he has been so far.

– This position also works as a hedge alongside my existing Golden Boot positions on Cristiano Ronaldo and Mikel Oyarzabal.

Right now, I see France, Spain and Portugal as three of the strongest contenders to lift the 2026 World Cup trophy.

Building positions around players from those three national teams gives me exposure across multiple markets while creating a more balanced approach to maximizing PnL throughout the tournament.

Also, this market is part of 42’s Go For Goals campaign, where every trade earns Tickets toward the $50K reward pool.

Star of Stars also has a Ticket Booster right now, so trading this market gives you an extra way (+50 Tickets) to stack Tickets while building your World Cup portfolio. 

If you want to join, you can use my link to get your first Ticket and start competing:

https://t.co/ecbdl67cID

[ada @ada9281]

@Tanaka_L2 @42space I love @imessi

[Tanaka @Tanaka_L2]

➥ The Stablecoin Yield Wars - where does the yield actually come from?

Stablecoin yield is no longer one market, because each protocol generates returns through a different risk engine.

» funding + staking → @ethena / $USDe
» protocol revenue → @SkyEcosystem / $USDS
» options + arbitrage → @falconfinance / $USDf
» delta-neutral + risk tranching → @ResolvLabs / $USR
» RWA + token rewards → @usualmoney / $USD0
» U.S. Treasuries → @OpenEden_X / $USDO

one thing to note: higher APY usually means more moving parts, more counterparties or more exposure to market conditions.

I personally prefer to diversify across RWA-backed and crypto-native models instead of chasing the highest displayed yield.

btw, the winner may not offer the highest APY, but the most transparent and sustainable source of yield ↓

[ada @ada9281]

@Tanaka_L2 @ethena @SkyEcosystem $ENA still good, right?

[Mantle @Mantle_Official]

Not a bad time to activate every group chat you’ve ever joined.

RWAlly your people, lock in their support, and the top 2 projects by engagement score in the Turing Test Hackathon community vote win $8,500 each.

More information below.

[ada @ada9281]

@Tanaka_L2 Same here