Yesterday I am positioned top 10 in "week 19 of billions yappers" round. It feels better. Got motivated to work hard more. Billions community on top 🔥🚀
Incomplete happenings across Monad last week
Perpl
- $300M 7d volume
- OI is up to $10M
- there are 6 markets: BTC, SOL, ETH, HYPE, MON, and ZEC
LeverUp
- $80M 7d volume
- BTC and ETH do the most volume, but there are a bunch of other markets including equity perps (mostly large QQQ constituents)
OBSDN
- $1.5M 7d volume
- Most of the volume was in SAMSUNG. with some volume in SKHYNIX, SEMCO, ZHIPU, and KIXOIA
- It's early days but the team is proving out the ability to launch interesting new markets
Drake Exchange
- Private mainnet just launched
Kuru
- 89M 7d volume
- MON/USDC is the biggest market
- WETH/USDC, cbBTC/USDC, and XAUt0/USDC also are quite liquid
- Also launched Agent Arena
PropAMMs
- Metric led the pack with $16M 7d volume
- LFJ's POE is in second place
- https://t.co/m74cBfmiTf is a new website tracking PropAMMs pricing, volume, and markouts
- New blog post: https://t.co/vkDdSod42I
Other DeFi stuff
- @ethena is live on Monad
- @saturn_credit is live on Monad, with a Pendle market
- Monad is the second largest SyrupUSDC market (after Ethereum)
- Stablecoin marketcap: $273M USDC, $118M AUSD, $73M USDT0, $9M M by M0, $9M mUSD, $9M GHO
- AUSD also crossed 10k holders on Monad!
- PT-AUSD is up to $83M
- aHYPER is up to $66M
- savUSD is up to $24M
Payments
- Monad is live on @PodsFinance for USDC deposits/withdrawals
- MON is tradable on Interactive Brokers
- USDC can be deposited/withdrawn to Monad on Interactive Brokers
- New docs page: Earn/Yield Infra (https://t.co/9w7vvJtSmh)
- New docs page: Payment Orchestrators (https://t.co/Zp1AbF0lNr)
- Nook app is growing its presence in Aave Monad
Builders
- @buildanythingso hackathon was this weekend. BuildAnything is an effort to teach everyone that they can build anything using modern tools. The hackathon received over 250 submissions, with winner announcement coming soon
- @DeltaV_xyz weekly shipping: https://t.co/8RckBC8k8l
Protocol
- New Cadence blog post: https://t.co/OWETn8O0nQ
- New ELI5 Cadence page: https://t.co/I0fnog86Qx
- v0.15.1 is released; see changelog: https://t.co/kyCsUZcM91
- This release schedules the block time reduction (from 400 ms to 300 ms) for Thu, Jul 23. Testnet upgraded successfully two weeks ago
- Foundry v1.7.1-monad-v1.0.0 is released
Other
- Monad Cards Onchain: https://t.co/ZDQx88S3cH
- Great interview with Nick Cherny of Janus Henderson: https://t.co/mHumtaKDaI
- The x402 Foundation launch; Monad Foundation is one of the founding members: https://t.co/T5Ugvlngdt
Every week, a bigger week
If your WFH desk setup doesn't cost more than a used Honda Civic, you aren't serious about your blockchain.
My ergonomic chair is built from the salvaged suspension of a 2019 Tesla Model S.
My primary monitor is a converted IMAX screen I bought from a bankrupt theater in Gary, Indiana.
When I check the validator map, I physically have to rotate my entire torso. I burn 400 active calories a day just typing @inversebrah get me in.
Stop complaining about back pain and optimize the EVM.
MIP-12 - reduce Monad block times by decreasing the vote pacing from 400ms to 300ms - has been published by @category_xyz
The vote pacing determines the min block time. Reducing it allows the network to proceed faster if quorum has been achieved
The tech has already supported this improvement, but mainnet launched with an extra buffer. With this change and others, you’ll see the network continue to harden and streamline