Even setting AI aside, @near_intents is becoming a t0 cross-chain protocol. On this business alone, $NEAR is undervalued.
NEAR Intents is generating >$30M in annualized fees. The playbook mirrors Hyperliquid's builder codes GTM. @SwapKitPowered is the largest distribution channel today (think Phantom for Hyperliquid), accounting for >$22M in cumulative fees.
SwapKit itself is a cross-chain SDK/API middleware. It powers the swap function inside Ledger, Trust Wallet, OKX Web3 and dozens of other major wallets. Under the hood, it aggregates liquidity from THORChain, Chainflip, NEAR Intents, and Maya Protocol, routing each trade to the best-priced provider.
NEAR Intents is becoming the dominant provider. The edge is structural: 0.01% protocol fee vs. THORChain's 0.05%-0.5%. SwapKit doesn't publish provider level volume splits. But here's the tell: even on @THORSwap, THORChain's own flagship frontend, NEAR Intents captured 68% of swap volume last week.
When the competitor's own storefront routes most of its flow to you, the fee advantage isn't a narrative. It's a moat.
I feel that the “middle class financial assets” nurtured in the era of peace are now in decline. The future belongs to powermaxxing AI arsenals, onchain pirates, and HALO arks. Jamie Dimon wants to make IPO great again, but why would silicon valley TESCREALs pay taxes to wall street MIDWITs?
Anthropic is killing SaaS, SpaceX is shipping compute power into space, Stripe holds two aces: stablecoin payments & agent payments. Yet none of these (the biggest convexity in the world) have gone public.
But the pirates have found the route to the arsenal. HIP-3 is helping the mothership Hyperliquid distribute perps, even including OpenAI, Anthropic, and SpaceX, whose valuations on @ventuals have reached $1 trillion, $500 billion, and $1.6 trillion respectively.
which way western man?
https://t.co/DqU87djbl5
To all the friends who’ve ever wondered "what should yung people do to make it", please follow these two accounts @apralky and @oxbquant. Both are extremely sharp rates/quant traders. The philosophical/cultural reflections these traders write are on the level of exquisite Japanese cuisine (unfortunately the output is painfully small).
Dalio says the world order has broken down. AI KOLs say we need to reduce reliance on institutions that assume slow/linear change, build distribution (audience, leverage, brand) instead of collecting credentials, and work where exponential change is visible up close. But I’ve already learned to stay vigilant against propaganda on twitter. The larger the herd, the lower the return.
I feel the biggest problem with both AI and crypto is this: HUMANs really, really like being served by other HUMANs.
crypto is neither better nor worse than any other industry, it’s just that crypto frens are far more obsessed with the market
the milktea brand I basically drink every day, Nayuki, IPO’d in Hong Kong at HKD18.98 in 2021
today it trades at HKD1.07