Patryk

This coinciding with HIP-4 is interesting indeed… @HyperliquidX could announce a new points program here to incentivize prediction market growth, or they could just airdrop right now. People would assume a third airdrop would eventually come, and continue using new products like what happened with HyperEVM, HIP-3, and all other new features over the past 1.5 years. Either works, but I feel the immediate airdrop path is better and what’s great is that a second airdrop really doesn’t hurt anybody. > Users are rewarded. This is the best asset in crypto and many would simply hold. > If there is short-term selling pressure, that’s fine, its good entries for folks with conviction. Chart would resume up in due time. > Hyperliquid feeds the points frenzy again as airdrop #3 becomes all but confirmed, leading to speculative activity on their new flagship prediction market product. Win, win, win.

@andyyy Ayoo

Who's in Miami???

@0xDaedalus The @serotonin_hq vice city poker series on Wednesday! se.ro/events/crypto-…

Who else is in Miami this week? 👀 Followup question - what are the must-attend side events? Honestly there are too many to choose from. I have analysis paralysis.

@kantianum The final point addresses that. If things structurally change in this industry (more trust, more value accrual, singular token alignment), this could change!

Do you think buybacks still make sense if a project is trying hard to reinforce a one-asset structure through the token, with built-in ownership features at both the onchain and offchain levels? I think you and Spencer have a point: buybacks make sense most of them since tokens are second-class citizens by default versus equity. but what if okens become the primary instrument that represents ownership and captures value? Are programmatic buybacks still needed in that case?

Had to retweet. This encapsulates my pro-buyback stance very well. One I've held since it became a heated debate last year. Tokens are a distinct asset with a different set of problems for prospective investors than equity. One point I'll add is on cases where projects raise 8-9 figs. It is often more valuable to address token uncertainty, as @CremeDeLaCrypto mentions, even if revenue isn't immense, than it is to add to what is already a well-capitalized company treasury.

@CremeDeLaCrypto Preach 💯

@GLC_Research @rektdiomedes @maplefinance Big! I don’t get why collateral is counted in AUM though. Vanity metric imo.

More than $300M in AUM added last 24h for Maple Active loans pushed to $1.29B, AUM to $3.73B. Even as the rsETH exploit drained billions from DeFi TVL, capital keeps flowing into Maple, with new lenders and borrowers stepping in every day. And rightfully so. @maplefinance has gone through the extreme volatility of 2025 and 2026 untouched, with no bad debt and no broken pools. Consistent execution and a proper risk management framework.

@zaheerebtikar Competition breeds excellence

The Monad / MegaETH wars are good for the space. We need to go back to a time where people openly challenge ideas and we can spar openly over merit. The slop talk, though, needs to cease.

@ahbeaudry @TokenRelations Congrats!

I'm excited to announce that I’ve joined the team over at @TokenRelations as an Institutional Crypto Researcher! When I got laid off from Messari back in March, I was bummed not only because I was now unemployed, but because I really liked research. I had a passion for writing about developing markets, stablecoin and crypto adoption abroad, and learning how firms were using tokenization in their products. The team at Token Relations is incredible and feels very much like a young Messari; everyone is smart, driven, and hungry to make a name for themselves. I want to also give a shoutout to the new Commander in Chief @jacqmelinek for her tireless energy, clear vision on how to run a team, and constant support for new ideas and innovative research. If anyone is looking for top tier reporting or wants to partner on putting out commissioned research, my DM’s are always open :)

@jonah_b Finally getting around to reading this. Great article! Bullish onchain credit continuing to grow here.

@sporadica Wrong until you’re right

can someone explain to me how this is somehow a smart move by Buffett, because frankly it seems like a pretty big failure on the part of Berkshire to be sitting on cash and T-bills while inflation skyrockets and the market keeps on absolutely pumping

@SolanaEvents @LuisSuarez9 @solana In only going to Miami for this tbh

[Speaker Announcement] We're very excited to welcome football superstar @LuisSuarez9 to the @solana Accelerate USA stage. May 5th in Miami.

@bread_ Sounds like we need a native stablecoin dashboard, then. @HyperliquidX, @megaeth, @fluentxyz, and soon @Polymarket.

Update: USDm circ supply is at ~$460M, which would put 7d rewards at ~$270k. Putting that back into the "Holder Revenue" metric chart for DeFiLlama, it puts Mega ahead of very active, mature ecosystems like BNB. Pulling the same stats forward to highlight the disparity between fee-only chains and rewards from a native stable: Amongst Chains DeFi TVL: 12th Transaction Fees: 26th Holder Rev: 6th (!) A few Notes: - When I created this last time, @_stevenhl rightfully pinged about Hyperliquid not being accurately represented. Both HL and ME are going to face the same issues going forward with DL in that the datastructure of the site won't really showcase the true structure of their economics. Both have products atop their chain. "Hyperliquid" is an app on "Hyperliquid L1" and thus when comparing chains-only the vast majority of the revenue from the perps platform is not included. I've combined them here. - Canton's numbers are almost entirely token emissions rather than fee/revenue generation. Do with that what you will. - This chart is purely to help articulate how low the bar is for "value which goes to token holders" wrt chains. Right now, that's basically just the portion of fees burned during block building. Chains with products have very little to do to climb the leaderboard. Solana next.

@MegaCorpHQ We’re literally gonna die if the Cube isn’t destroyed before it hits our Sun…

MegaCorp's Eventide Division was founded in 1980 to answer a single, dire question: Why is the light going out? It's time the purpose behind Eventide is revealed along with what it all means for our impending mission. megacorp.global/news/eventide-…

@TheOneandOmsy Dope, hyped to try this out

“Ask Maps” one of my favorite new AI product enhancements, makes Google Maps ~100x better > Just ask the map what you want (i.e. newly opened restaurants > 4.5 stars) > Enhanced map gets built for you with prompt results and you’re off to the races

@maplefinance Onchain Credit

Not all yield is the same. Incentive yield runs out. Composability yield inherits every risk in the chain. Credit yield is interest paid by a real borrower on an underwritten loan, independent of market-driven rewards. That is why Maple focuses on credit yield.

@KobeissiLetter Perfectly primed to buy a country or two the next time we get a black swan

BREAKING: Berkshire Hathaway announces its cash balance is now up to a record $397 billion. The company sold a net -$8.1 billion worth of stocks last quarter, marking its 14th-consecutive net quarterly sale.

@CryptoHayes I was gonna go to church for Disclosure tomorrow, but work on Monday got in the way. Alas!

Went to church this morning and the Lord told me that my keynote for Consensus Miami shall be “We Don’t Need No Regulation”

@arifkazi_ @reflectmoney Congrats!

big personal news i am joining @reflectmoney as head of growth. why reflect. why solana. why now? $300B+ stablecoin market. most of it parked at zero yield. reflect is fixing that. and doing it on the only chain that can actually run internet capital markets at scale the thesis: any project. any collateral. any risk profile. its own stablecoin. risk-first. collateral-agnostic. the layer every stable on sol eventually routes through. every consumer app, every agent, every protocol becoming its own neobank. only possible on solana. backed by @a16zcrypto & @colosseum. the reflect team is a lineup of absolute chads. easily the sharpest minds in defi. more on the announcements soon. what's next redefines stablecoin infra on @solana. huge shoutout to @0xnico and @stablecoinjesus for the trust. if you're building around stablecoins, neobanks, or sol defi - hmu. see you at accelerate miami 🫡

Vibes this week