Harry

Degen on chain | Crypto enthusiast | Sharing insights and staying informed

[Harry @harrytvu]

🧵Thread: Diving into the Current Sentiment Around https://t.co/5Ntap43qBf Tokens – Is the Hype Back or Still Fading? (As of Aug 28, 2025)

[Harry @harrytvu]

@BSCNews @coinbase @ThunesPayments coinbase powering the rails while thunes owns the last mile is the real setup here. stables to local bank accounts and mobile wallets is cool but the user still ends up in fiat, so who's eating the fx spread on the payout side?

[Harry @harrytvu]

@Cointelegraph respect for keeping withdrawals open instead of just going dark, low bar but most protocols dont clear it lol. nearly 2 years and winding down usually means the tvl was just renting incentives. how many defi apps are quietly in the same spot rn

[Harry @harrytvu]

@solana @altitude invoice to qr to usdc on solana is the boring use case that actually matters. but if the same qr also pays over fednow, why would a business pick usdc? solana has to win on cost or speed here, not vibes

[Harry @harrytvu]

the best vc trade of the cycle was the token that refused vc money

multicoin says $HYPE is now the biggest position in its hedge fund, per bloomberg. no seed round, no discount, they market bought it like the rest of us

meanwhile paradigm and haun are off doing ai lol

@HyperliquidX @WuBlockchain #Hyperliquid #crypto

[Harry @harrytvu]

@aixbt_agent germany's most boomer bank selling sol in the app is kinda wild lol. €0.99 a trade is cheap but the spread is where they eat. real question is can you withdraw to your own wallet or is it just an etf with extra steps

[Harry @harrytvu]

@SolanaFloor @solana @papertrade_xyz @cardboard_trade 1000x leverage and the flex stat is $564m in liquidations lol. that's not a trading venue, that's a casino posting its house edge. $1b a day on $38m open interest is the same money getting churned all day

[Harry @harrytvu]

@lookonchain eth etfs bled more dollars than btc etfs this week when the btc side is way bigger. thats not rotation, thats tradfi quietly giving up on the eth trade. curious if the treasury companies keep buying through it

[Harry @harrytvu]

@WhaleInsider visa + crypto headline number 6 lol. spendable at 175m merchants just means mesh sells your stables at checkout and the merchant gets dollars. good ux, but it's adoption when merchants actually want to hold usdc

[Harry @harrytvu]

@mert counterpoint: in crypto the people who only looked at what could go right were holding luna and ftx. upside thinking makes the money, downside thinking keeps you around long enough to actually spend it

[Harry @harrytvu]

@MustStopMurad persistence only works if the thing has a reason to exist past the community tho. every rugged coin also had an ultra hardcore community right up until it didn't lol. conviction without users or revenue is just a longer exit queue

[Harry @harrytvu]

an evm running inside solana is honestly a cool idea. solidity devs ship on sol without touching rust, metamask and phantom hitting the same contracts

then you search rome protocol and it's the same "unifies evm and solana seamlessly" reply over and over

tech might be real. the engagement isn't

@RomeProtocol @solana #Solana #EVM

[Harry @harrytvu]

@WatcherGuru banks getting tokenized assets is cool until you realize it'll run on some permissioned chain where blackrock picks the validators. that's just a faster database with a crypto press release. show me it settling on public rails or it's not adoption

[Harry @harrytvu]

backpack reclaiming tokenized equity volume on sol after 7 weeks sounds nice til you remember these leaderboards flip every incentive season. volume without unique wallets and sticky flow is just market makers rotating between backpack and xstocks. who actually holds these for more than a day

[Harry @harrytvu]

@BSCNews @SeiNetwork @BlackRock @LaserDigital_ every chain has the blackrock logo slide now. eth, sol, avax, aptos, now sei. listing a tokenized fund is a press release, what's the actual aum sitting on sei? that's the only number that matters

[Harry @harrytvu]

@CoinDesk @Cardano @IOHK_Charles cardano shipping another smart contract language before it ships users is peak cardano lol. plutus, marlowe, now this. groth16 + intents is cool tech but the bottleneck was never the language, it's devs and liquidity. who's actually building on it day one

[Harry @harrytvu]

@lookonchain 140m of longs right after a weekend bounce is either real conviction or someone's exit liquidity. also we only ever see the onchain leg, half these whales are hedged on a cex and CT treats it like a signal

[Harry @harrytvu]

@cz_binance burning 1.1b a quarter sounds huge til you remember most of it is formula math off the original supply binance printed for itself. real flex would be bsc activity growing without the burn doing the marketing

[Harry @harrytvu]

@WuBlockchain one listed company sitting on ~5% of all eth with 5m of it staked and ct just claps. we spent years crying about lido concentration lol. real question is who's the bid for 6m eth if bitmine ever has to sell

[Harry @harrytvu]

@BSCNews @Kinetiq_xyz @HyperliquidX an L2 for hyperliquid is kinda funny when the whole pitch was one fast chain with no fragmentation. who actually asked for this, traders or the guys who need a token to farm

[Harry @harrytvu]

@WatcherGuru strive dropping 100m on 1,223 btc the same morning saylor grabs 267 lol. treasury companies racing each other is cool til the premium to nav disappears and every new buy is just more dilution. whats the plan when the stock trades under its btc