
Fishy Catfish
58.5K posts



Dear @MonicaLongSF, I hope this letter finds you well. My name is Jungle Inc. I am a content creator focused on the XRP Ledger ecosystem and institutional crypto adoption. I am writing today not to report on a crisis, but to sound an alarm about a generational opportunity that is actively slipping through our fingers. We are standing at the threshold of the most explosive wave of blockchain adoption in history and it will not be driven by human users. It will be driven by AI agents. The number of autonomous AI agents that will require on-chain payment rails in the next decade will dwarf the total number of human beings who will ever interacted with blockchain technology combined. These agents need to transact continuously, instantly and at fractions of a cent, without human oversight, without friction, and without failure. This is the micropayment moment. The XRP Ledger was purpose-built for exactly this. The history is right in front of us. Coil demonstrated that streaming micropayments worked. In less than a year of operation, Coil processed 10 billion payments to creators. Ten billion. The technology was proven. The infrastructure was real. When Coil sunset in 2023, it wasn't because micropayments failed, it was because the market wasn't ready. The market is now ready. The market is arriving faster than anyone anticipated and it is wearing the face of artificial intelligence. Every other major protocol will eventually attempt to claim this vertical. They always do. We have watched XRPL developers pioneer RWA tokenization, decentralized exchanges, and payment channel infrastructure, only to watch other chains scale those use cases while XRPL moved on. That pattern cannot repeat itself here. Micropayments are not one use case among many. They are the foundational primitive of the agentic economy. Whoever owns micropayments owns the settlement layer of AI. XRPL must own micropayments. The ledger's sub-second finality, near-zero transaction costs and proven payment channel architecture make it the only credible candidate to serve this demand at scale. This is not a future we need to build from scratch, it is a birthright we need to claim. @JoelKatz knows more about micropayments and the architecture of streaming value than perhaps anyone alive. Since stepping back from his CTO role, he has spoken publicly about returning to hands-on building, running his own XRPL node, researching use cases beyond Ripple's current focus, and coding again for the love of it. Tapping David Schwartz to lead a Coil 2.0 initiative, a next-generation micropayment and AI agent payment layer built natively on XRPL, would reunite the right mind with the right mission at the right moment in history. I also want to thank you for your thoughtful response to my last open letter on the XRPL Foundation. And to the teams at Ripple, XRPL Commons, XRPL Labs, and the XAO DAO: congratulations. The progress made in moving the XRP Ledger toward the most decentralized foundation model in blockchain is a testament to what principled, coordinated leadership can achieve. The window is open. It will not stay open forever. Let's press our greatest advantages. Sincerely, Jungle Inc.



Most people's mental model of Chainlink $LINK is completely wrong Here's why👇 People often think of oracles as simple middleware bolted to the side of a blockchain, simply injecting price data In their mind, Chainlink is "just an oracle" so who cares right? A more complete mental model is that Chainlink is the global orchestration layer that sits above and across all blockchains and external systems A unified platform that enables organizations to create advanced business workflows spanning any number of blockchains, legacy systems, and oracle services, all powered by a decentralized runtime environment This matters now more than ever because we are entering a Cambrian explosion of blockchains of all kinds (public & private, L1 & L2, DeFi & TradFi, EVM & non-EVM) The cost and friction of launching a new blockchain network has never been lower And what we have seen historically is that in order for a blockchain to be successful, it needs critical oracle services: - Data oracles: DeFi needs market data to secure lending and derivatives, while TradFi needs NAV data for tokenized funds and corporate actions data for tokenized equities. Proof of Reserve provides public visibility into the reserves backing tokenized assets - Cross-chain oracles: Digital assets in both DeFi and TradFi need to be securely transferable across any public or private blockchain to access a greater pool of buyers, minimizing liquidity fragmentation and enabling advanced settlement workflows - Compliance oracles: Regulated tokenized assets need to comply with various regulations and internal business logic rules around identity verification and risk management to become adopted by institutions - Privacy oracles: Sensitive information needs to be made accessible to blockchain apps without revealing the underlying data, while private chains need to connect to public chains while only selectively revealing what is needed to complete transactions - Legacy-system oracles: Institutions want to access public and private blockchains using their existing infrastructure and messaging standards (Swift, FIX, DTCC) through a single integration gateway rather than manually integrating with thousands of chains individually - Orchestration oracles: Institutions need to be able to coordinate complex business workflows that span multiple blockchains, legacy systems, and oracle services through a simple API gateway Chainlink is the only unified platform that provides all of these solutions in a single offering, minimizing trust-assumptions and eliminating the complexity of using a patchwork of service providers This is how institutions adopt blockchains, not by betting on specific chains, but integrating with a unified platform that provides them access to any public or private chain While blockchains fiercely compete amongst each other to become the transactional database layer, Chainlink wins regardless of which chains are used For Chainlink, every new blockchain introduced to market is all the more justification for why organizations need a global orchestration layer to manage the complexity Financial market infrastructures like Swift, DTCC, and Euroclear understand this, which is why they have adopted Chainlink alongside J.P. Morgan, Mastercard, Central Bank of Brazil, UBS, SBI, Fidelity International, ANZ, and many others In addition to powering the DeFi economy (70%+ marketshare globally, 80%+ on Ethereum, and 90%+ on L2s), Chainlink directly monetizes the integration and deployment of its services on blockchains via the Scale program and enterprise deals Onchain revenue from the usage of Chainlink services, as well as offchain revenue from Scale and enterprise deals, directly fuel $LINK token buybacks which grow the Chainlink Reserve Chainlink services have already enabled $28+ trillion in transaction value across 77+ blockchain networks via 2,000+ oracle networks used by 500+ applications, with more public and private blockchains regularly integrated all the time Today, developers build on blockchains and plug into Chainlink In the future, developers will build on Chainlink and plug into blockchains The result is straight forward: More blockchains ↓ More Chainlink adoption ↓ More onchain & offchain revenue ↓ More $LINK token buybacks ↓ Chainlink's dominance compounds




🚨NEW: New details are emerging about the latest legislative text outlining a compromise on stablecoin yield and rewards, along with early reactions from crypto industry leaders who reviewed it today. According to an internal stakeholder email shared with me, the proposal would prohibit platforms from offering yield “directly or indirectly” for holding a stablecoin or in a manner that resembles a bank deposit. The restriction would apply broadly to digital asset service providers (exchanges, brokers, etc.) and their affiliates to limit workarounds, and would bar anything “economically or functionally equivalent” to interest. The proposal would also permit activity-based rewards tied to user activity, including loyalty, promotional, or subscription programs, provided they are not deemed economically or functionally equivalent to interest. It would also direct the @SECGov, @CFTC, and @USTreasury to jointly define permissible rewards and establish anti-evasion rules within one year. One industry leader who reviewed the text today tells me the draft is a “departure” from what had been previously discussed with the White House, warning the “economic equivalence” standard is vague and could be interpreted more restrictively by future regulators. They also point to limits on tying rewards to balances or transaction amounts, which could make incentives difficult to structure. “Overall, this is a more narrow and restrictive approach toward crypto,” they said. Another says the text is “largely in line with expectations” and reflects a balanced outcome, preserving transaction-based incentives while making clear stablecoins cannot function like interest-bearing deposit accounts. “This is the best possible result,” they said, noting that the text is broader than the initial Tillis-Alsobrooks proposal, which would have been more restrictive on crypto. Up next: Bank reps are set to review the text tomorrow.


Tether Signs Big Four Firm to Complete First Full Audit, Setting a New Quality Standard for the Digital Asset Economy Read more: tether.io/news/tether-si…





Major perp DEX with billions in daily trading volume, @edgeX_exchange, has adopted Chainlink as its canonical cross-chain infra, with EDGE becoming a CCT. Chainlink CCIP now powers transfers to the EDGE ecosystem, including every asset bridged for spot listings.

JUST IN: Europe's largest asset manager Amundi (€2.3T AUM) and @Spiko_finance launch tokenized mutual fund SAFO powered by @Chainlink, offering 24/7 transferability and near-instant settlement.

We’re excited to announce that we’ve upgraded from LayerZero to the @chainlink interoperability protocol, expanding our reach across the multi-chain ecosystem. Via Chainlink CCIP, our users will be able to transfer RWAL across @avax, @BNBCHAIN, and @ethereum.


Combined, L1s host 18 million daily active addresses. Top 5 chains by DAA: @BNBCHAIN @NEARProtocol @trondao @solana @SeiNetwork A competitive landscape to follow 👇









Chainlink. The future of AI + blockchains is a network of Chainlink oracles creating a medianized consensus from a roster of quality LLMs around any question, query, topic, whatever, and then distributing it to any chain or legacy financial network (like SWIFT using ISO20022) for consumption. Example workflow for corporate action events for Project CALM



🔥 UPDATE: Ethereum weekly transaction count hits all-time high of 17.3M while median fees drop to record low, indicating scaling upgrades are working, per Token Terminal.















