📊REPORT: DApps on @Solana generated more than $17M in revenue over the last 7 days.
Top revenue-generating DApps:
• Pumpfun: $9.80M+
• Axiom: $3.23M+
Strategy has acquired 10,624 BTC for ~$962.7 million at ~$90,615 per bitcoin and has achieved BTC Yield of 24.7% YTD 2025. As of 12/7/2025, we hodl 660,624 $BTC acquired for ~$49.35 billion at ~$74,696 per bitcoin. $MSTR $STRC $STRK $STRF $STRD $STRE https://t.co/oyLwSuW7nW
PRIME Market is now the fastest growing market on Kamino V2, crossing $25M in deposits.
Currently, USDC and CASH utilisation caps are fully reached, reflecting strong demand for leveraged exposure to PRIME’s real-estate-secured yield.
This is what RWA adoption looks like.
🌊 Pool Price ≠ Market Price
It’s an important concept for LPs: the price inside a liquidity pool may differ from the broader market price — especially when the pool has limited depth, when large trades move the curve, or when no trades have occurred for a while in that pool. 💡
To make this clearer, the Cetus DLMM pool page now shows market price reference for mainstream assets, powered by @PythNetwork. This helps LPs compare pool status with external markets easier and fine-tune their strategies with better context.
Small UX improvements like this accumulate — and one day, they become the breakout moments. 👏
Retail drove the old cycles.
They are not driving this one.
The chart shows a clean handoff from retail to TradFi, and now to sovereign treasuries. People keep expecting the same outcomes from a completely different set of buyers.
The tailwinds are stacked.
• Sovereign accumulation climbing
• Exchange reserves falling
• OTC liquidity shrinking
• Bitcoin Act gaining momentum
• Pension funds scaling exposure
• ETF inflows steady
Then Saylor casually drops another billion into Bitcoin without blinking. That is not retail emotion. That is strategic accumulation.
Meanwhile JP Morgan fights the current, throws mud, and tries to slow the inevitable. They deserve a permanent spot on the boycott list.
This time is different because the participants are different.
The old cycle script is dead.
@healthy_pockets If Vanguard, BlackRock and the rest are trying to scoop up as much Bitcoin and altcoin supply as they can… what do you think is going to happen next year? 🤔 Scarcity meets demand — buckle up.
THE 4-YEAR CYCLE WAS A LIE!
THE REAL BULL MARKET ONLY STARTS NOW!
Even though the Bitcoin top happened exactly at the end of the “4-year cycle”, the data shows it was a lie and that there was another driver that coincidentally lined up at exactly the same time!
The uncomfortable truth in the data is that the halving didn’t drive the last 3 bull markets.
It only lined up perfectly with the real driver: global liquidity expansion.
See the chart below.
2013: Fed QE
2017: ECB, BOJ & China pumping
2020: The biggest QE in history
Bitcoin followed liquidity, not the halving clock.
Every time there was a global liquidity surge, the economy expanded, and this flowed into crypto!
The one metric that exposes this clearly: PMI.
PMI < 50 = contraction
PMI > 50 = recovery
PMI > 55 = Bitcoin liftoff
PMI > 60 = altcoin mania
That sequence matched every bull market.
The reason this cycle was so disappointing is that this cycle broke the pattern.
The halving happened…
Liquidity didn’t.
PMI never recovered.
The Fed was still draining money through QT.
That’s why 2025 was messy; the liquidity cycle never started.
But, this is all changing!
QT ended
Rates going down
Liquidity turning
PMI bottoming
Institutions flowing in via ETFs + DATS
And historically, we’ve never entered a bear market while liquidity is expanding.
So maybe the 4-year cycle didn’t “break.”
Maybe it never existed to begin with; it just happened to overlap with the liquidity cycle.
And maybe the real bull market starts now!