Stacy in Dataland (´⊙~⊙`)

The Perp DEX Wars of 2025: Hyperliquid, Aster, Lighter, and EdgeX Here's the link to my latest article exploring the potential of the big-four of Perp DEXes.

The two fastest-growing tokenized assets over the past 90 days are thBILL by Theo Network and mF-ONE by Midas — both showing rapid traction in the RWA space.

Helium had another explosive quarter: after deciding to burn its MVNO subscription revenue, annualized income hit $18.3M. Average daily DC burns jumped 196.6% QoQ to $30,920.

Kamino (lending) now ranks as the third-largest protocol on Solana by TVL and user deposits.

Variational reached a new all-time high TVL of $73.3M. The recent market pullback barely slowed deposits, and the Core OLP Vault surged 66% in a single day from $6M to $10M, leading the rebound.

Agentic commerce is no longer theoretical — x402 processed 3.3M transactions (~$3M) in a single day, with Base capturing nearly 90% of the volume. The era of autonomous on-chain agents is officially underway.

This is an amazing piece on airdrop farming from Warhol. Ngl, it's probably one of the most deep/insightful articles covering the efficiency and strategies of airdrop farming I read this year. Make sure to give it a read. Very good.

$PYUSDcrossed $3B in supply, capturing 1% of the entire stablecoin market, marking PayPal’s steady foothold in Web3 finance.

Tokenized money market funds have hit an all-time high of roughly $8.4B in AUM — a nearly 60× surge since early 2024, solidifying their place as one of the fastest-growing RWA sectors.

For those who woke up to $BTC below $100K: We're now in a zone of heavy ETF outflows. -$866.70M today already. • BlackRock's IBIT alone saw -$257M outflow (first major outflow since launch) • Grayscale's BTC Mini Trust bled -$318M The "smart money" is de-risking hard. In fact, the market is repricing the December Fed rate cut probability: Last week: 85% chance of a cut Now: Nearly 50/50 (coin flip territory) Higher-for-longer rates → Stronger USD → Risk assets (BTC, stocks) get crushed. Tech stocks are also tanking (Nasdaq -2.2%, S&P 500 -1.6%) → BTC follows due to high correlation.

Total ORCA buybacks are nearing the $1M mark.

Are you watching Warden? In case yes, here's my pre-TGE memo for Warden.