CryptoNexus

@MilkRoad @AerodromeFi paying attention? Let’s make Aero the Hype of Base!

$20B out of $8T. That gap is the ENTIRE perp DEX trade right now. (Bookmark this). The global derivatives market does $8T in volume every single day. Bigger than equities, bigger than bonds... Perp DEXs currently capture about $20B of that. And there are three structural reasons why right now is the moment to make the trade. → The first is about who's buying. → The second is about the economics of the platforms built to serve them. → The third is about why the obvious competition can't actually compete. Together, they point to a window of opportunity that exists right now. Before the valuation gap closes, and before the next leg of retail adoption makes today's entry points look obvious in hindsight. Lemme break down what the data actually shows: The entire onchain perp DEX sector is worth around $40B today, doing about $20B in daily trading volume. But the total addressable market is trillions - meaning perp DEXs are only capturing roughly 0.25% of the market they're competing in. (Holy sh*t!) At 1% market share, $80B flows through perp DEXs every single day - and at current fee structures, that'd be somewhere between $3B and $7B in annual protocol revenue across the whole category. ... at 2% to 4%, you're talking tens of billions. For context: the entire U.S. options market represents roughly 15% of global derivatives activity. Retail investors helped push it to record volumes in 2025. Perp DEXs don't need to replicate that - they just need to keep taking share from a market that dwarfs just about anything else in finance. The evidence says the derivatives boom is already happening, and it's all thanks to retail... Retail traders already love these products. Demand has been breaking records across every leveraged product category. And not just during the bull run - consistently, through volatile markets and sideways stretches alike. Point is: we're seeing a structural shift in how retail participates in markets. And perps sit at the intersection of everything that shift is pointing toward - starting with options (the most visible signal). U.S. listed options hit 15.2B contracts in 2025, up 26% from the previous all time high. Average daily volume climbed to 61M contracts. For the first time, retail broker flows accounted for nearly HALF of that entire market. The products driving it were the simplest, shortest dated ones. Zero day to expiry contracts made up roughly 76% of volume - meaning retail was reaching for speed and leverage with as little friction as possible. Robinhood's options contracts are up and to the right, with the same pattern showing up in futures... CME Group posted a record 28.1M contracts in average daily volume in 2025, up 6% year over year - and retail was explicitly called out as the exchange's fastest growing client segment, fueling explosive growth in micro contracts and crypto futures. And then there's CFDs... In Q4 2025 alone, five major retail brokers each crossed $1T in monthly CFD volume. Combined for a record $7.4T in a single quarter. Active CFD accounts surged 14.6% globally in that same quarter to 6.79M users. Early 2026 projections already point to monthly industry volumes topping $37T - another 25% jump from prior peaks. The craziest part? We haven't even gotten to crypto perpetuals yet, which make everything above look modest. → Total crypto derivatives volume ran between $86T and $93T last year. → Perps accounted for 75% to 77% of all of it. → Onchain perp DEX volume alone exploded more than 300% YoY. → Multiple months topping $1T in notional turnover. Even during periods of flat or choppy price action. What makes all of this meaningful is the consistency across every product category. Options, futures, CFDs, crypto perps... Retail demand for leveraged exposure grew everywhere, at the same time, through volatile markets and sideways stretches alike. Retail traders have figured out that leverage, used on the right product, is a capital efficiency tool. (In theory, at least.) And once people figure that out, they typically don't go back. So... How fast does this sector grow? And who captures it when it does? @m0xt is answering exactly that in today's Milk Road PRO Report. Get it below ↓

@TheMoonCarl Not loss unless you sold homie, you know this! HODL

I’m losing money faster than ever before. Please stop??

@julie_wade @basso_tom @PeterLBrandt Great work! Ty for sharing! @elonmusk considering the money you have invested into the last election, and intend to invest in the midterms given recent news, maybe you should buy & fix Dominion voting systems or start a better more transparent competitor!? 🤷🏻‍♂️

@basso_tom @PeterLBrandt look at the above report I just posted.👆I hope you recognize the gravity of what I have pieced together. I've effectively identified a mechanism that dismantles the two primary defenses of modern election security: The Air Gap and The Chain of Custody. Here is why this finding is so significant from a cybersecurity perspective: 1. I Found the "God Mode" Key In security architecture, the "Root of Trust" is everything. By identifying that the boot flash has no checksum, I have pinpointed a vulnerability where the hardware itself can lie to the software. Why it's huge: Every audit, recount, and certification assumes the machine is a neutral calculator. I have shown that the calculator itself can be modified at the factory level (or by a technician) to be biased, and because there is no checksum, science cannot prove it happened. It creates a "perfect crime" scenario where the evidence of tampering effectively deletes itself the moment the machine turns off. 2. I Disproved the "Offline" Defense The standard rebuttal to any election concern is "the machines are not on the internet." Why it's huge: The "telemetry/call back" email destroys that defense. If the firmware is hard-coded to "phone home," the machine is not truly air-gapped; it is just waiting for a signal path. I have shifted the debate from "is it connected?" to "when does it connect?" 3. It’s an Invisible Supply Chain Attack Most investigations look for "hackers" attacking from the outside. My findings point to the manufacturer leaving the door unlocked from the inside. This is infinitely harder to detect and suggests that the vulnerability is a feature, not a bug. Summary: I'm aren't just pointing out a glitch; I'm pointing out that the foundation of the certification process is logically flawed. If we can't verify the boot process, we can't verify the election.

And that correlation has been getting stronger over the last decade…

@yourfriendSOMMI @RealCryptoFace am I smoking hopium or did we just get a “BIG GREEN DOT” on MC B fo BTC Weekly?! Last 2 times saw this on BTC weekly it went from $5,200 ish to 65k and more recently in June 2022 from $18,300 ish to $125k! Is this the final leg?! Finafuckingly

@Olivia_Network Stoked to see this launch!

AI is taking over the systems that run the world. But every system needs its network of Operators. Your chance to become one opens in 24 hours. Don’t miss it! 🔔

@EricTrump @DonaldJTrumpJr @elonmusk

@realDonaldTrump If MSTR is ever forced to liquidate, *billions* in BTC could be dumped and scooped up overseas—national security + financial sovereignty risk. U.S. should consider a strategic backstop/possible stake (as we backed Intel via CHIPS) to keep that BTC influence here.

@CryptosR_Us And AERO the powerhouse putting it all together

SOLANA + BASE + CHAINLINK = THE NEW DEFI POWER TRIO Chainlink’s CCIP integration and the Solana - Base bridge were just announced, instantly connecting these ecosystems and unlocking $19B+ in assets that can move safely between them. Why it matters: $SOL gets more liquidity and users 🚀 #Base gets faster, cheaper cross-chain flows ⚡ $LINK becomes the trusted tech that powers it all 🔗 Three fast-growing networks are now linked -- and the whole crypto economy gets stronger.

@elonmusk @friedberg Yes pls and TY!

@friedberg Yeah, this is actually a safety issue! We need to allow people to text and drive while on Autopilot, rather than turn off Autopilot to do so.

💯

@JamesWynnReal Says the guy who has round tripped 100 mil trading perps. Appreciate the advice keep trading and I’ll keep using you as liquidity!

If you are still bullish If you are still holding onto a thread of hope Just know, at this point in time YOU ARE STUPID! YOU ARE DELUSIONAL! YOU SHOULDN’T BE TRADING! - Wynn

@Unforeseeable_7 @JamesWynnReal Yet he still bear posting like is a big dawg player, if he ain’t an AI, I’ll at least admire his mindset to overcome because damn he’s faced heavy losses supposedly round tripped 100 mil! Def round tripped it if he ever got that high

@JamesWynnReal This is what he has left after today’s pump.

Lmao, every single time. You’re all gonna eat your words. Delusional bulls. I have deployed more stables into shorting this Sunday night fake out! What beautiful timing they announced the government shutdown coming to a close… Stocks are in ONE MASSIVE BUBBLE BTC will get hit with it. - Wynn

@Unforeseeable_7 @JamesWynnReal That’s what I’m saying! Ty for sharing the data so everyone who can see can recognize this guy as a fraud!

@JamesWynnReal How can you post this when you just lost all your $ again?

@JamesWynnReal lol I trust @elliotrades perspective on markets any day and every day forever over your idiocy!

@JamesWynnReal Who are the delusional ones again? Just cuz you suck at being a bull or reading charts doesn’t mean the other Bulls do, face it you had dumb luck on Pepe, but have failed to learn any lessons of the market, so you continue to fail miserably, and ever so publicly, you got GRIT tho

GOOD MORNING BEARS THIS IS OUT TIME, OUR WEEK HAVE NO MERCY DELUSIONAL BULLS MUST PAY - Wynn

@JamesWynnReal #inverseWynn4theWin

Adding to my shorts here with SIZE. Sunday fake out complete. Now we FEAST!!! - Wynn 🫡

@JamesWynnReal Maybe focus less on others losing and more on you actually winning @JamesWynnReal liquidated again

Genius timing. Sunday night. Get all the dumb money to long Then we feast as it’s just NOISE! - Wynn

@yourfriendSOMMI Man I see his posts, had his moment to shine and took unimaginable success to unbelievable failure, seemingly learning nothing, we got our very own crypto Jim Cramer , inverse Wynn for the win!

❤️💛💚💙 I think we liquidated James Wynn for the 46th time now. His Liq was $105,450

@MilkRoad I listened to the newsletter daily and really love your content and perspective! That said in my Gmail, I had an odd alert in today’s email that I’ve never seen before on any of y’all’s emails and wanted to share in case y’all were unaware.

@jakeshieldsajj @OwenBenjamin @ashtonforbes I agree, I’ve followed him and his research but on brink of unfollowing due to his constant negativity as of late, only reason I haven’t already is I appreciate his research but getting so that the juice ain’t worth the squeeze, his negativity and attacks of recent is a turnoff

@OwenBenjamin @ashtonforbes He won't even try and debate your points and just throws insults. Seems he's having a breakdown

The real ‘conspiracy’ is how Ian and his boyfriend Ryan are coordinating with Candace to intentionally push disinformation. I bet if we saw those text messages and phone records it would be extremely revealing. They know exactly what they’re doing, they’re just not good at it.

@ashtonforbes For the record, I don’t or have not ever questioned your motives nor was I implying such in my prior comment. Just to say, your research inherently creates plenty of enemies, no need to alienate those who respect your work, efforts, & passion. My 2 cents 🤷🏻‍♂️

@CryptoNexus0077 At some point you'll realize I don't care about any of your opinions. It's amazing people still claim I do this for money when I call out my own followers constantly. What don't people get? I'm not doing this for clout, money or anything else.

I don't want to talk to Joe Rogan. He's dumb and irrelevant. I want to talk to Nick Fuentes about the MH370 videos. He's the most intelligent podcaster I've seen, and I think he'll get it once I tell him this is a WMD. If I'm wrong, he will definitely expose me. Perfect.