The most overlooked unlock in crypto isn’t scalability; it’s cohesion. @ParticleNtwrk just unveiled what might be the final piece of the onchain puzzle: Universal Accounts. And it changes everything. 🧵 For years, we built infra: social logins, in-app wallets, account abstraction, chain-agnostic trading. But Web3 still struggled with two core adoption blocks: 1) Retail UX friction 2) Fintech’s inability to integrate crypto without custody risk That’s now changing. > Global regulation is turning favorable. > Stablecoins are flowing through Visa rails. > RWAs are becoming a serious asset class. > The demand is here. The rails are maturing. The real bottleneck wasn’t regulation or scalability, it was experience fragmentation. The ability to interact with digital assets needed to feel seamless, custodial-free, and chain-agnostic. Enter Universal Accounts. Particle’s Universal Accounts aren’t just wallets. They bundle every UX breakthrough into a single, cohesive, non-custodial layer. Think: - Web2-like experience - Onchain execution - No seed phrases - Chain-agnostic support - Infra for tokenized everything Already stress-tested with $670M+ of onchain volume via UniversalX. And now, with @Circle's backing, they’re integrating $USDC at the issuer level, chain-neutral, frictionless. If every property is tokenized, you’ll need Universal Accounts to access it. If every dollar is a stablecoin, commerce will flow through Universal Accounts. If every app uses crypto, they’ll integrate with Universal Accounts. We don’t know which blockchain will “win.” But we do know the world needs a universal access layer. And Particle is positioning to be that infrastructure. This isn’t just a new wallet. It’s a new transaction layer for RWAs, stablecoins, and digital assets, a foundational layer for the next financial system. 🔥

Always good to know when our prediction on @ethena_labs moves in the right direction for @pendle_fi Glad to see Pendle reach even higher ATHs, and our team at @caladanxyz can't wait to see the next chapter :)

Pendle recently hit $6.76B in TVL. That number matters, but what’s more important is understanding why it happened, and where it’s going. Fixed Yield is no longer a niche. It’s becoming foundational infrastructure in DeFi. - $4.88B sits in Principal Tokens - $3.87B deployed as collateral across @aave, @MorphoLabs , @eulerfinance, and @SiloFinance My thoughts? A big piece of the recent acceleration comes from Ethena's recent growth too. For one, @ethena_labs TVL now stands at ~$8B, up 40% since early July > $USDe alone accounts for $1.1B > @pendle_fi is Ethena’s largest DeFi amplifier with over $600M in $sUSDe TVL Through Pendle, users mint PT/YT, lock in yields, and earn Ethena shards with a 5× multiplier This isn't hype; it’s structural demand for stablecoin yields and predictable outcomes. Exactly what institutions and large allocators need to see. And now Pendle is live on HyperEVM, expanding fixed yield infrastructure to a new environment and user base. It’s another step toward broader adoption. Pendle isn’t just scaling; it’s becoming the underlying layer for fixed income in DeFi. No fireworks. Just "simple" product-market fit. 🔥

$ENA is the cheapest it’s ever been relative to fundamentals, just as the yield-bearing stablecoin narrative reaches escape velocity. We’re seeing real open market accumulation now, not just speculation, specifically from a DAT (digital asset treasury) company buying in size. This is important. DATs act as long-term liquidity sinks. They’re not chasing points or mercenary yield, they’re aligning with core protocol incentives and using tokens operationally or as reserves. Ethena, via @Anchorage , launched the first GENIUS Act-compliant stablecoin, $USDtb. But it's not just regulatory alignment, it’s a roadmap for institutional adoption. Take a look: @convergeonchain is now the settlement layer for digital dollars, while @Terminal_fi the liquidity layer for reward-bearing stablecoins. No new token for Converge means all value flows to $ENA. Meanwhile, $iUSDe, the KYC-gated institutional wrapper of sUSDe, will only be tradable on Terminal. Add @pendle_fi to the equation and you’ve got the highest-leverage yield + points strategy via $tUSDe pools. TVL across Ethena, Pendle is compounding into billions of dollars. The ecosystem is getting vertically integrated. Institutions are coming. But this isn’t just about farming. It’s about structure. @ethena_labs owns a massive share of this ecosystem and continues to integrate up and down the stack, product, infra, regulation. $ENA is the primary way to gain exposure to that growth. The new stablecoin rails are being built, and Ethena is at the center of it. And that’s why I'm longing $ENA 🔥

Variational is compounding velocity, and it’s only the beginning. They've recently: - Topped $80M in daily volume last week, stacking multiple ATHs in users, open interest, and deposits. - What's remarkable: this is happening pre-incentives, during a closed beta. No points, no cashbacks, just pure product-market fit. - Cumulative volume approaching $1.6B, and the internal bar for excitement has shifted from $1M/day to $50M+. That’s a massive psychological reset. - Most comparable platforms took 12–18 months to hit $100M+ daily with aggressive incentive programs. @variational_io is nearing that organically in under 6 months. This tells me: → There's deep user conviction in Omni’s core loop, traders and LPs alike are leaning in. → Capital efficiency and UX are strong enough to create stickiness before rewards. → When loss refunds, OLP deposits, spread discounts, and reward tiers go live, this flywheel could go parabolic. If this is the baseline before the points program, most of the market isn't ready for what's next.

We’re entering a new phase folks; less retail hype, more institutional rotation. Here’s why that matters, and what’s happening 🧵 From July 15-17, a Satoshi-era wallet moved 80,202 $BTC to @GalaxyHQ, with 6K BTC sent to exchanges. Despite one of the largest transfers in crypto history, BTC held above $118K. 1) BTC absorbed the supply shock. Our team noticed: > $1.94B in ETF inflows during the same period > YTD flows now $54.2B, driven by pensions, insurance, and macro allocators > @DeFiTechGlobal added 208.8 BTC (~$25.6M) > @Saylor’s reserves exceeded $71B > CME: 7 straight weeks of asset manager net buying > 1-month realized vol stayed anchored around 24% 2) $ETH is leading the next leg > Nasdaq’s revised iShares ETF filing includes staking—the first of its kind > $1.81B in ETH ETF inflows last week (largest since launch) > ETH ETF AUM now > $7.1B > Staked ETH: 36.1M (~30% of float) > Exchange balances dropped to 8.9M ETH (lowest since 2015) > Treasury participation growing: over 560K ETH held across public firms, mostly staked 3) Technical confirmation > ETH/BTC broke out of a 6-month cup & handle at 0.0305 > ETH outperformed BTC by 27.5% WoW >A close above $3,700 targets a retest of 2024 highs near $4,100 What's happening? ETH is being structurally revalued, as a capital asset and a yield instrument. When ETH leads, alt-beta follows. Capital rotation has already started.

If it's not obvious yet, alt season has arrived 🔥

Our numbers are accelerating. Exponential growth :0

raised $600M in 12 minutes at a $4B FDV. One of the fastest, cleanest token launches I’ve seen. At @caladanxyz , we participated. But I would’ve been interested either way. Why? Because it hits at everything I care about as an investor: → Real revenue ($519M LTM) → Clear product-market fit (>11M tokens launched, 70%+ market share on @solana) → Simple, aligned tokenomics (25% of fees to holders, no early discounts) → Cultural presence that actually matters in crypto I’ve spent my career looking for asymmetric setups with actual cash flow and reflexivity. @pumpdotfun prices the ICO token at ~7.7× LTM revenue, versus 50-100x for other revenue-generating crypto projects, and it’s growing. Fast. People fixate on ICO allocations or token unlocks. I look at whether users come back, whether capital compounds, and whether the market is mispricing fundamentals. All three are true here. It's not just a meme. It's a business. A profitable, category-defining one.

Most L1s tack on RWAs. @plumenetwork was built for them. Here’s why I’m bullish on them: > Full-stack infra: tokenization, compliance, yield, chain. All native. No patchwork needed. > Asset diversity: Plume isn't just stables or bonds. They also cover real estate, litigation finance, carbon, and music rights. > User abstraction: retail doesn’t even need to know Plume is an L2. UX matters for scale. > TVL & real traction: Reached more than $110M TVL since June, 200+ protocols. Bigger RWA footprint than $ETH > Momentum: Price popped 28% post-USD1 stablecoin announcement. Real-world tie-ins are resonating. Most chains are adding RWAs to grow. Plume is growing because it *is* the RWA chain. The next $19T opportunity won’t run on general-purpose blockspace. It’ll need something purpose-built. That's Plume. 🔥