Kuleen ◎

Unemployed
Prev: Diplomat @SolanaFndn
I write sometimes at

[Monkey Rothschild (wassie, verse) @MonkeyCharts]

we have all seen saylors buyside execution

sellside gonna be a movie

[Kuleen ◎ @knimkar]

Pretty cool. More stuff like this is how $SOL gets its mojo back

[SolanaFloor @SolanaFloor]

📊Report: @Solana is now the third largest venue by 24h volume for spot hyperliquid:native trading, surpassing multiple tier one exchanges, including Coinbase and OKX, with hyperliquid:native spot volume on Solana hitting $56M.

[Kuleen ◎ @knimkar]

Shout out to @0xsmac for his TG group

Posts consistently interesting reads

[Kuleen ◎ @knimkar]

Sure, if BTC / majors fall 50% from here, everything likely gets dragged down.

But the massive outperformance of some tokens YTD tells us that nature of token markets are shifting.

If we are not already in the "new paradigm", I think we are in the process of transitioning to it

[Chris Burniske @cburniske]

I don’t see a new paradigm where majors are rotated out of, and select up-and-comers can sustain their swim against an outgoing tide for long. Instead, I think majors are telling us something, and people are finding reasons not to listen.

[Kuleen ◎ @knimkar]

Not sure if AI / privacy coins ripping currently is:

Bullish: because risk appetite is back in coins

or

Bearish: because we're seeing momentum / narrative chasing again and this kind of capital leaves as fast as it comes

[Kuleen ◎ @knimkar]

Issue for Pendle historically has been that majority of it's activity was a function of the circular token economy and as a result, highly cyclical

Cool to see that changing

[Pendle @pendle_fi]

A new RWA category arrives!

Introducing @HastraFi PRIME (Aug 2026).

Real yield backed by real-world Home Equity Lines of Credit (HELOCs) lending 🏡

[fiskantes ⭐️🩸 @Fiskantes]

Last 2 years we had the worst bull market in crypto

Now we are in the best bear market

[Kuleen ◎ @knimkar]

@0xsmac I think I know which token this is and I agree.

The annualizing revenues is less the issue imo.

But the token <> equity dynamic is

[Kuleen ◎ @knimkar]

@metaproph3t Let the record show, when I was part of the Solana team, I did my best to do this 🤣

[Kuleen ◎ @knimkar]

If GLPs dampen addictive behavior in general, then we'll eventually see their effects on gambling: declines in sports betting, casinos, many parts of crypto

Strongest force going against the "gambli-fication" of the economy imo

[Kuleen ◎ @knimkar]

My understanding (second-hand, so it could be incorrect) is that Circle did come to the table with an offer post-USDH announcement.

Also, this isn't meant as a knock against USDH / @nativemarkets. Just a reflection from my time at Solana, I just saw how difficult it is to dislodge the dominant stablecoin for trading (USDC on Solana as well). The network effects and lock-in are just extremely difficult to overcome

[Kuleen ◎ @knimkar]

Not just taking a coinbase-esque deal from Circle last year was one of the few clear misses from the HYPE team imo

Cool to see this course correction.

Not sure most people realize that this can actually be a large rev driver over time (e.g., IBKR generates most of its income from NIM, not trading fees)

[Native Markets @nativemarkets]

https://t.co/MSiNolwYLW

[Kuleen ◎ @knimkar]

@kaledora ive concluded that some things people / society have to just continually re-make the mistakes to remind themselves of the principle

[Kuleen ◎ @knimkar]

@beaniemaxi Where can I learn more?

I am a mega bull on onchain gaming (esp lottery, casino, poker)

[Kuleen ◎ @knimkar]

@TraderNoah cant tell if it's
"markets are forward looking"
or
attention spans are incredibly short

perhaps both

[Monkey Rothschild (wassie, verse) @MonkeyCharts]

we have all seen saylors buyside execution

sellside gonna be a movie

[Kuleen ◎ @knimkar]

@jito_sol If you give me limit orders that work, I will never leave the app

[Kuleen ◎ @knimkar]

Watched all the presentations. Impressed by the average quality!

Also my first time seeing a consumer demo day where it makes sense why the app is onchain (finance).

Progress!

[Superteam USA @SuperteamUSA]

We are Live from Consumer Day! 🇺🇸
https://t.co/Pg6msACagT

[Kuleen ◎ @knimkar]

I look forward to @BoredApeYC, @SolanaMBS etc. gacha machines when speculative capital comes back into crypto

[Kuleen ◎ @knimkar]

Imo what we are seeing atm is a glimpse into what "alt szn" will look like going forward

Still large moves, just channeled into a much smaller set of names (e.g., solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp and ethereum:0x808507121b80c02388fad14726482e061b8da827 today)