Romario

Entrepreneur, Investor, Advisor

[Animoca Brands ✈️ Korea Blockchain Week 🇰🇷 @animocabrands]

We've market acquired a position in $AERO and max-locked as $veAERO.

@aeroxyz is an innovative, next-generation AMM that has consistently captured over 50% of @base's DEX TVL, establishing itself as the central liquidity hub for the ecosystem.

Our rationale for doing this 🧵

[Raoul Pal @RaoulGMI]

All of this is noise if you don't use leverage.

There are only 2 questions you need to ask as a long term holder:

Will tomorrow be more digital than today?

Has the liquidity cycle and business cycle topped or is it still rising to finance the $10trn that needs to roll in the next 12 months?

If both answer are yes then it's all noise. If your time horizon is 5 yrs + then the second part is just noise too.

BTFD and Don't Fuck This Up.

Thanks

[Plasma @Plasma]

September 25, 8:00 AM ET.

[Aero @aeroxyz]

Aerodrome 🤝 Coinbase

Every asset.
Every pool.
Every launch on @base.

Now available to over 100 million Coinbase users.

Starting today—if it's on Aerodrome, it's on @Coinbase.

[Ponyo @ponyo_fp]

Stablecoins are entering a supercycle, and $ENA is becoming the CRCL catch up trade.

1. Why $ENA is the Circle catch up trade
Circle’s IPO ignited an 800% rally, lifting its valuation above $70 billion in under 3 weeks. With USDC exposure now expensive and Tether privately held, investors are hunting the next pure play stable asset proxy.

Ethena’s USDe has climbed to roughly $6.9b in circulation, making it the fastest growing dollar token on record. $ENA offers a higher beta, token native way to ride that demand.

2. A permanent-capital demand shock
The $260 million buy programme removes about 7% of the circulating float at today’s $0.5 price; including the locked tranche, StablecoinX will control almost 10%.

As $ENA rises, StablecoinX’s equity value rises in tandem, which can enable new share issuance that fuels further $ENA accumulation.

The price up, equity up, treasury buys, price up loop recreates the MicroStrategy flywheel but in a faster growing sector.

Quarterly filings will mark those holdings to market, putting $ENA on Bloomberg screens and into the hands of traditional analysts.

3. Korean retail is already primed
Korean investors bought roughly $443m of CRCL in its first month. Upbit listed $ENA on 11 July, and 24h volume instantly tripled to over $1b.

Korean traders now have direct token access before StablecoinX even begins trading. Any upward move in $ENA can trigger the familiar kimchi-premium feedback loop.

4. What to expect next
StablecoinX will be the first Nasdaq traded $ENA accumulator; its balance sheet strategy tightens supply while broadcasting Ethena’s story to equity investors.

Korean flows add immediate spot demand, and USDe growth keeps fundamental pressure on the token. If the cycle plays out, $ENA becomes the liquid lever on the stablecoin boom in both crypto and tradfi portfolios.

[CZ 🔶 BNB @cz_binance]

CoinMarketCap has an Alt Season Index feature. Not sure how accurate it is, but it is ticking up.

FOMO season soon...

https://t.co/pWyzuhuexv

[Watcher.Guru @WatcherGuru]

BREAKING: 🇺🇸 President Trump officially signs crypto 'Genius Act' into law.

[Romario @romariosumargo]

@base BASED FOREVER!

[Benjamin Cowen @benjamincowen]

#ETH went home, grabbed a drink, then left pretty quickly

[Romario @romariosumargo]

Jerome Powell reportedly considers resigning. Market is going for a bull run if the new chairman support Trump’s low rate policy! 🚀

[Raoul Pal @RaoulGMI]

Banana Zone data secrets revealed by @Jamie1Coutts—Enjoy!

[𝐍𝐢𝐨𝐡 𝐁𝐞𝐫𝐠 🇮🇷 ✡︎ @NiohBerg]

The King of Iran speaks:

"The Islamic Republic has come to an end and is falling.

What has begun is irreversible. The future is bright and together we will navigate this sharp turn in history. Now is the time to stand; it is time to take back Iran. May I be with you soon."

[Romario @romariosumargo]

@nael_idrx @idrx_co @Cypher_HQ_ @base Currently available only via Cypher or is there any other wallet alternatives?

[Romario @romariosumargo]

@DopeOxide @base $AERO $KAITO $AIXBT

[jeff.hl @chameleon_jeff]

Execution

Extremely proud of the community and team for the smooth launch of the HyperEVM. The upgrade happened amidst billions of dollars of daily volume, where the majority of defi derivatives trade. There was no downtime, and no performance degradation after the launch.

The UX of trading is still so seamless that many users assume the HyperEVM is a separate chain! To be clear: the HyperEVM and the existing native Hyperliquid financial system are one composable state.

The safest way to upgrade this uniquely complex system is a gradual rollout. Precompiles and other L1 interactions will build upon the sturdy foundation of the initial HyperEVM release. This will unlock an entirely new class of performant defi applications, but more on that later.

Right now I want to focus on the execution of the launch. A bug in HyperEVM logic or an unoptimized code path would've crippled the entire blockchain, affecting hundreds of thousands of users and billions in open interest.

This was a massively challenging launch: a jet's engine was flawlessly changed mid-flight.

--

Philosophy

The HyperEVM launch stayed true to Hyperliquid’s “no insiders” principle. Hyperliquid has always embodied the original ethos of crypto: no investors, no paid market makers, no fees going to any company. The HyperEVM launch is yet another example that integrity and fairness are the pillars of Hyperliquid.

The tradeoff of a fair launch is that things are a bit messy to start. Tooling might not be there from day one. Builders need to familiarize themselves with the tech. But these short term obstacles are nothing compared to the long term value of fairness. No one had a head start or unfair advantages. I’m impressed that some teams deployed dapps, tooling, and analytics within hours of the HyperEVM release, a testament to the strength of the builders and community.

Hyperliquid will eventually be the credibly neutral infrastructure that houses all of finance. Looking back, the L1 launch, HYPE genesis, and HyperEVM launch will all be important milestones. Success is path dependent, and there can be no blemishes on the fair trajectory towards the final state.

The HyperEVM is a clean slate. The community is hungry for quality applications. Where else in the world is there such an imbalance between supply and demand for applications built? Fast, general purpose chains are nothing new. But on Hyperliquid, builders can plug into a mature, liquid, and performant onchain economy with real users.

I've noticed a pattern that builders, traders, and communities who "make it" on Hyperliquid are those who call Hyperliquid home. Legacy players don't win just because of their credentials. Newcomers have equal opportunity to win by challenging the status quo and seizing the opportunities. There are empires to be built on the HyperEVM, and the community welcomes builders with open arms.

Hyperliquid

[OnlyBangers @OnlyBangersEth]

Sometimes we judge the process because we can’t see the vision 🤯

[Ondo Finance @Ondo]

Wall Street 2.0 Is Coming

The next era of finance will be revealed at our first-ever Ondo Summit. We can’t wait to show you what’s next.

Save the date at https://t.co/RWLSo23v9H

[Supra @SUPRA_Labs]

Welcome to the Full Vertical Integration era of Web3.

Until now, devs have had to patch together multiple networks to build useful dApps. And the dApps themselves had to hop across multiple networks to function.

But what if you had all that you needed on one shared security, low-latency network?

That's what Supra Layer 1 is building, one powerful MultiVM blockchain with in-built oracle data feeds, onchain randomness, automation, and cross-chain communication.

Everything developers need, all in one place, making it simpler to build dApps — while helping dApps themselves run faster, more secure, and with lower costs.

We're bringing the power of Full Vertical Integration to Web3 to enable a new breed of Super dApps, and it’s just getting started. LFMove!

[Hyperliquid @HyperliquidX]

Hyperliquid reached a new all-time high in 24h volume of >$6B.

[Hyperliquid @HyperliquidX]

$HYPE, the native token of the Hyperliquid L1, is live.

https://t.co/1UUU37WXUq