Max Resnick
9.6K posts
Max Resnick
@MaxResnick
Lead Economist @anza_xyz
NYC Katılım Haziran 2020
1.3K Takip Edilen19.3K Takipçiler
@MaxResnick fees = swap fees paid by users via protocol usage
revenue = the share of those fees captured by the protocol
nobody has claimed UNI holders earn $5.2M a day
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Unless I am mistaken, this 5.2m a day in fees counts LP fees aka the spread, it is not an accurate representation of exchange fees or fees that uniswap token holders will earn through tokenjar.
Hayden Adams 🦄@haydenzadams
Uniswap is generating $5.2m in daily fees right now Above any protocol other than USDC + USDT and far more than Hype, Pump, etc defillama.com/fees
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Max Resnick retweetledi
🚨New Paper with @Weiye_Xi , @ciamac and @Qiaoqiao2001
Here’s two different prediction markets priced at ~6.5%:
1. Will the US confirm the existence of Aliens in 2026?
2. *that* Spurs @ Knicks Game 4, ~4th quarter.
They suggest that both these events are the same probability, but intuitively these feel very different: the latter (Knicks won!) feels a lot more uncertain. But prediction markets don’t immediately give us a way to quantify it.
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@FrankieIsLost Hello I’m a flappy airplanes recruiter I saw your profile and your background putting burning buildings in marketing videos really stood out.
Would love to schedule some time to chat:
Calendly.7.5_minutes.max.resnick 🥞✈️
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Worked with @bqbrady to relaunch Optimization Arena as Paradigm Puzzles
A few brand new challenges coming soon!
paradigm.xyz/puzzles
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@niteshnath its even worse, now that the reasoning traces are hidden and you are charged for hidden reasoning.
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@srhhadron Exactly… 0 fee exchange volume with self crossing incentivized by router spoofing != an exchange with fees where crossing costs 1bps or more even at the highest teir.
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My favorite skill issue metric cope
“Oh but how much of the CME and NASDAQ volume is just bots”
Like brother maker on maker collision and hft is not the same as cyclic arb spam bots or wash traders on 1bp pools where the LP is the washer. Only one of these groups contribute to price discovery and pay exchange fees
Max Resnick@MaxResnick
Metrics posters will say some dumb shit like prop AMMs were 99% of volume on Solana yesterday
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Metrics posters will say some dumb shit like prop AMMs were 99% of volume on Solana yesterday
Sharples@0xSharples
Looks like someone exploited a pricing bug on ZeroFi's DRAM/USDC pool yesterday. Over $4.7b was traded yesterday in this market, with around 400k transactions utilizing flash loans to buy DRAM and then immediately sell it back for a small profit. In total, around $45k was stolen from a trading volume of about $4.7b
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@MaxResnick Yeah literally his second serve is faster than sinner’s first
Gg to sinner though — seemed like zverev was exhausted by end of game and let it slip away
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@joaomendoncaaaa You think it’s not causation that the coins that got bought back from the market in size are up relative to the coins that didn’t?
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@MaxResnick do I really need to be that guy?
correlation, not causation?
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The market cap weighted index of buy and burn tokens has out performed everything else in crypto on a 12 month horizon
Arnold Bernault@ahitposter
is there a single “buy and burn” token that has done well over 12+ months can these people not think of anything more worthwhile to do with their money than literally burn it
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@MaxResnick this helps! it wasn’t my exact issue, but the explanation helped- what doesn’t help is that new users to the chain do not understand microstructure so all they see is a bad UX and it’s a turn off
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Yo phantom is predatory dogshit. WTF is this? Sending someone $1 USDC on Solana and Phantom wants $.40
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@jayendra_jog @masonnystrom Base users are mostly not driven there by Coinbase
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@MaxResnick @masonnystrom base is at ~$25M annualized sequencer revenue rn, and coinbase has slightly less US monthly active users than robinhood
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Robinhood chain sequencer already at $10m+ revenue run rate*
*annualizing yesterday or today's volume and assuming that continues.
Yes yes annualizing after two days is voodoo VC math, but if you think Robinhood can't maintain $300m in daily DEX volume then you don't understand Robinhood's distribution potential.
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@masonnystrom How about Robinhood sequencer revenue run rate in Dec2026 lower than 10m anualized
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Look guys this was completely trivial to call years ago: model layer is going to be commoditized and none of the model guys are gonna make any money
zerohedge@zerohedge
Zuck: “The pricing from some of the other labs is very extreme and has very high margins. We think that there’s a real ability to be able to offer frontier or very high-level intelligence at a much more affordable cost.” Epic pricing war breaking out among agentic models.
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