Luiss Manchaza

Crypto investor. Researching narratives, DeFi, BTCFI, DePIN and emerging tech. Opinions are my own.

FOCUS

[Luiss Manchaza @pulyluisManza]

Crypto really said there’s no wrong answer. Either way, liquidity and adoption are the bigger story. 2027 could be a wild one. 🚀

[borovik @3orovik]

If the Fed cuts rates, Crypto goes higher

If the Fed hikes rates, Crypto goes higher

Nothing is stopping the 2027 super cycle

I think it’ll be MUCH larger than 2021

[Fiction Finance @fiction_finance]

Bitcoin dominance is sitting on the edge of a 1-year bearish triangle.

When $BTC dominance breaks down, alts won’t just pump. They will go INSANE.

Say it with me:

ALT. SEASON. IS. COMING.

[Luiss Manchaza @pulyluisManza]

@MartiniGuyYT yea for suure....

[Luiss Manchaza @pulyluisManza]

@misterrcrypto Weekly signals flipping bullish are definitely worth watching. If BTC can hold the trend, this could be the start of another strong leg up. 🚀

[Titan @Washigorira]

#Bitcoin Reversal Confirmation?

#BTC has reclaimed the 50-week moving average.

Another important piece of the bullish case just fell into place.

[Luiss Manchaza @pulyluisManza]

@barkmeta Stay patient and stay grounded 🙏 The ones who can ride out the volatility will be here when the real opportunities come. 🚀

[K A L E O @CryptoKaleo]

I’m so bullish right now.

Why should anyone care if Bitcoin is trading at $70K, $80K or $90K in the next few weeks - if we’re confident it’ll be trading >$500K in the next few years?

The bottom is already in.

The small price movements that happen over the next few months are just noise.

Stick with it anon.

There may be a bit of boredom left before new all time highs, but you’re almost there.

[CRYPTO THRO @CryptoThro]

In the next few months, some #Altcoins could hit 100x 💥🚀

ALTSEASON

[Luiss Manchaza @pulyluisManza]

@RealAllinCrypto @hedera hedera-hashgraph:native gonna surprise us more/

[John Squire @TheCryptoSquire]

🇺🇸🚨 BIG WEEK FOR XRP 🚨🇺🇸

On September 30, Armada Acquisition Corp. II shareholders are scheduled to vote on the Evernorth business combination.

If approved and the deal closes, Evernorth is expected to list on Nasdaq under XRPN.

Ripple is among its investors

[Luiss Manchaza @pulyluisManza]

@Nick_Researcher Lending is one of the clearest DeFi use cases. Adding Bitcoin as native collateral expands that market further, which is what @babylonlabs_io’s TBVs are testing on Aave V4.

[Nick Research @Nick_Researcher]

these DeFi sectors can actually survive a full market cycle

DeFi tokens pumping

but i wanted to understand whether this is a real recovery or just a bounce from a low base

so i compared the latest numbers with the previous 13 months

DEX, derivatives + lending fees all peaked around October 2025

then fell ~50-73% into mid-2026

TVL is still well below where it was 13 months ago:

- DEXs: -47.9%
- derivatives: -63.4%
- lending: -37.6%

this matters because strong 30-day growth alone can be misleading

2 sectors behaved differently:
– RWA TVL: +95.8%
– prediction-market TVL: +140.8%

capital continued entering these sectors while most of DeFi contracted

based on the data, these are the four areas i’m watching most closely

[1] protocols returning rev to holders

i’m increasingly interested in protocols where value accrual is already active

current 30-day numbers:

- @HyperliquidX: $75.1M fees, $59M holder rev
- @Uniswap V3: $52.4M fees, $14.6M holder rev
- @Pumpfun: $46M fees, $25.1M holder rev
- @Raydium: $22M fees, $2.6M holder rev
- @Lighter_xyz: $4.2M fees, $3.1M holder rev

$HYPE fees grew 79% in 30 days, while rev distributed through the holder-accrual mechanism increased 102%

[2] real rev at reasonable valuations

lending is less exciting than newer sectors, still i see it as one of DeFi’s strongest businesses

the sector currently has:

- $50.9B TVL, +22.4% TVL growth in 30 days
- +12.1% rev growth
- 38.4x P/S and 8x P/F

some names that stand out to me

- @aave V3: $17.3B TVL, +22.2% in 30 days
- @SkyEcosystem: $13.45M monthly rev, 9.1x P/S
- @maplefinance: $2.9B TVL, rev +28.5%
- @sparkfinance: $4.9B TVL, +32.4% in 30 days

borrowing demand, interest income and large deposits give it durability

that makes the sector easier for me to value than protocols built mainly around token incentives

[3] sectors attracting large capital flows

the strongest 30-day TVL growth is now coming from:

– DEXs: +42.8%
– Liquid staking: +34.6%
– Lending: +22.4%
– Bridges: +17.2%

RWA grew only 0.75% over the past 30 days, but i don’t see that as weakness

the sector is already up 95.8% over 13 months

it nearly doubled while most major DeFi categories lost TVL

representative platforms now include

- BlackRock BUIDL: $3.5B TVL
- @Ondo Yield Assets: $2.6B TVL
– @Spiko_finance: $2.6B TVL

this is why RWA remains one of my highest-conviction long-term sectors

[4] infra with recurring demand

i’m especially focused on PerpDEXs + PMs because demand comes from direct user activity

» PerpDEXs

derivatives revenue increased 108% in 30 days, while fees rose 82%

the category trades at a 17x P/F ratio, which i find attractive relative to its current growth

» Prediction markets

PM TVL increased 140.8% over 13 months, the highest growth of any sector in my comparison

but 30-day rev is down 15.4%, and August fees fell 27% from July

current ranking:

» highest conviction from mechanism: PerpDEXs with active buybacks + real rev

» highest conviction from valuation: Lending, especially established protocols with steady borrowing demand

» highest conviction from long-term capital flows: RWA

» strongest watchlist sector: PMs

i want sectors where usage, rev, capital flows & token value accrual continue working after incentives and attention decline

[Luiss Manchaza @pulyluisManza]

@marc02200 yeah definitely!

[America @america]

Two-minute warning: James Talarico is in the red zone. Talarico thinks there are six genders and that we should spend tax dollars on sex changes for kids. You're our last line of defense, Texas. Make your plan to VOTE!

[Luiss Manchaza @pulyluisManza]

@BitcoinIntelX

[Dan Gambardello @dangambardello]

Exchanges can delist $DOG or try to game the chart.

But they can’t freeze a Bitcoin rune sitting in UTXOs.

100 billion tokens.

100% airdropped.

Zero team allocation.

Zero VC unlocks.

$DOG is on Bitcoin L1, secure & decentralized like Bitcoin.

It’s going to the moon.

[Luiss Manchaza @pulyluisManza]

@cryptorover PUMP?

[Mister Crypto @misterrcrypto]

📉 LATEST: GOLD IS GETTING CRUSHED.

Gold has plunged around 3% today, wiping roughly $871 BILLION from its market value.

Over $1 TRILLION has now been wiped from gold’s market cap during this sell. off.

The precious metals rally is unwinding fast!

[Luiss Manchaza @pulyluisManza]

@2dogs1chic This is the real value of BTC-backed borrowing. Access liquidity without having to sell the Bitcoin you want to keep long term. @babylonlabs_io is bringing that model into DeFi with TBVs.

[Luiss Manchaza @pulyluisManza]

@cryptorover 💪💪💪