dan

@kiln_finance @mercuryo_io | all things fintech + crypto

[dan @danm_damiel]

@therosieum Nice list, missing Sacra and Carta

[dan @danm_damiel]

@itsjessyin what are you busy with nowadays / did u find sth that feels yours?

[dan @danm_damiel]

@eglyman I do see LLM orchestration working sort of like payment service providers. Would be interesting to see Ramp playing on that field

[dan @danm_damiel]

@countablyfinite dead on arrival is the new - it’s not x, it’s y

[dan @danm_damiel]

@macbrennan_cc finally someone said it

[MacBrennan | P0 @macbrennan_cc]

Currently, DeFi markets are not venture scale

Everyone is fighting over the same 100 users, there are no new users coming in.

The institutional focus was wrong. The result is vault curators getting paid by foundations & protocols to recycle their balance sheets within isolated markets to the highest bidder. GG to the vaults, L to the blockchain.

The more the balance tips to institutions instead of retail, the more DeFi looses its ability to function. If institutions hold all the leverage, they'll just eventually insert their own "blockchain" underneath with the same reg capture set of rules (see L2s).

Institutions only organically want to use your blockchain if there is sufficient retail flow to benefit from.

Put differently, if there is sufficient retail flow on a blockchain, you don't need to spend any time with institutions at all, they'll come on their own.

The only thing that matters for DeFi to grow is capturing new retail audience. That is simply not happening right now.

[dan @danm_damiel]

@Austin_Federa at discount

[dan @danm_damiel]

@shimon_newman definitely not money 20/20 for consumer stuff

[dan @danm_damiel]

@faionur @AbstractVC @generalcatalyst @usv huge! congrats

[dan @danm_damiel]

@coinbase It's a nice ad, but the message is so 2021?
Who still uses Coinbase for that nowadays?

[dan @danm_damiel]

@dadiomov @DanteReminick what’s the real use case for micropayments? I’d imagine batching works quite well for most things like API calls

and one-time 1c authorisations can’t be the exciting part about all of this, right?

[dan @danm_damiel]

@0xkkonrad @heisenburgirrs @dadiomov is there really a lucrative opportunity in single occasional micropayments? even with billions of those, the volume is not large enough and the margin is even smaller

[dan @danm_damiel]

@shiri_shh Figma was overvalued at IPO, but the whole AI to kill Figma is laughable. It’s much more of a threat to Canva.

Market underestimates what product Figma offers and who pays for it. Enterprise teams will use it more extensively, ship faster, more complex products.

[dan @danm_damiel]

most wholesome thing in crypto in a while

win for users, tether, solana, drift

[Drift @DriftProtocol]

Today, Drift is announcing a collaboration with @tether and other partners totaling up to nearly $150 million to support our commitment to a relaunch with USDT at the center, and a path to user recovery.

These funds encompass a $100M revenue-linked credit facility, an ecosystem grant, and loans to market makers, designed to fund a dedicated user recovery pool.

Learn more 👇

[dan @danm_damiel]

@SuperteamMY Big month

[dan @danm_damiel]

No excuse not to build

[Superteam Malaysia @SuperteamMY]

Week 1 is done. Week 2 is locked and loaded.

10 teams. 2 minutes each. Pitch in front of the crowd, get roasted, survive.

But the roast? That was just the warmup.

Here's the full Week 2 lineup, 11 sessions at Solana Network State Spring 2026 🧵👇

[dan @danm_damiel]

@defyneric fintechs - sure. most crypto neobanks have no differentiator/serve tiny audience

tradfi no way

they are struggling competing with Revolut etc in web2

there is no way tradfi will offer a great experience for crypto users

[dan @danm_damiel]

@DefiSolar @DriftProtocol @TradeNeutral @elementaldefi @synatraxyz @project0 @ranger_finance @fusewallet yes

[dan @danm_damiel]

@bryankuuu great work!!