0xRenan

Let me put some numbers behind @tradexyz: - It has gone from $4.4B monthly volume in November to $56.8B in March - It gathers 90% of HIP-3 volume - 5 out of the top 10 pairs on @HyperliquidX are their markets - $45M annualized revenue At HL's P/E multiple, that's a $1.75B FDV... Also, tradexyz made 50% more revenue last month than @Lighter_xyz ($1B FDV), so $1.5B-$1.75B for tradexyz's future token looks quite real. CBB's not wrong.

USDe reserves are evolving: reducing concentration and building resilience across market cycles with a diversified collateral base. Four additions to the collateral backing are detailed below for consideration by the risk committee, each a natural extension of existing Ethena allocations: → Overcollateralised institutional lending → High quality liquid RWAs beyond TBills → Equity & commodity basis exposure → Prime lending Read more below on proposed updates:

The initial estimated loss of today's @DriftProtocol loss is $285m. Here is the detailed breakdown:

@ovinifaria Falou tudo man

Pra fechar o assunto da Backpack, é uma pena que tanta gente tenha perdido dinheiro. Eu não acho que tem essa de achar culpado... nesse estágio do mercado, todo mundo está um pouco mais ganancioso que o normal. Eu mesmo perdi 10 mil reais entrando em um ICO, 2 meses atrás. Isso faz parte! O que não pode é se vitimizar, não assumir os próprios erros... ficar com raiva dos outros que deram uma opinião diferente... Infelizmente, é perdendo que se aprende! Na vitória, é difícil aprender alguma coisa.

@ovinifaria Concordo mano, sentimento muito parecido

Sinto uma vibe parecida com Março/Abril de 2022 nas pessoas agora. Ali foi a primeira experiência de fumo que tive. Eu nem fazia ideia que ficaria pior nos próximos meses.

@shelbyserves ⚡️

Reply with a ⚡️ for special DMs about Shelby Early Access.

Introducing Perplexity Computer. Computer unifies every current AI capability into one system. It can research, design, code, deploy, and manage any project end-to-end.

👀

Let me make this very simple for you: - Other L1 blockchains are fast -- Zero is the fastest. - Other L1 blockchains require apps to share blockspace leading to congestion -- Zero lets apps like GTE be next to institutions like ICE, DTCC, etc while being natively interconnected. - $ZRO is already generating revenue, has made major partnerships, and is positioned for long term value capture as more institutions show up Lay the foundations, capture the value, and continue to expand. $ZRO = the last L1 blockchain we need.

@TallesFi revolução financeira @ovinifaria kk

O que vai ter de holder segurando o mais novo ativo revolucionário que terá futuro grandioso… Isso não tá escrito 😂 Não cai na narrativa rapaz, é só olhar o passado!

ESP tokenomics are live. Initial supply: 3.59B tokens. 10% allocated to community airdrop, fully unlocked at launch. Staking secures HotShot consensus with Ethereum-inspired rewards. No fixed max supply. Full breakdown ⤵️

No complexity. No accident. 10/10 was caused by irresponsible marketing campaigns by certain companies. On October 10, tens of billions of dollars were liquidated. As CEO of OKX, we observed clearly that the crypto market’s microstructure fundamentally changed after that day. Many industry participants believe the damage was more severe than the FTX collapse. Since then, there has been extensive discussion about why it happened and how to prevent a recurrence. The root causes are not difficult to identify. ⸻ What actually happened 1.Binance launched a temporary user-acquisition campaign offering 12% APY on USDe, while allowing USDe to be used as collateral with the same treatment as USDT and USDC, and without effective limits. 2.USDe is a tokenized hedge fund product. Ethena raises capital via a so-called “stablecoin,” deploys it into index arbitrage and algorithmic trading strategies, and tokenizes the resulting fund. The token can then be deposited on exchanges to earn yield. 3.USDe is fundamentally different from products such as BlackRock BUIDL and Franklin Templeton BENJI, which are tokenized money market funds with low-risk profiles. USDe, by contrast, embeds hedge-fund-level risk. This difference is structural, not cosmetic. 4.Binance users were encouraged to convert USDT and USDC into USDe to earn attractive yields, without sufficient emphasis on the underlying risks. From a user’s perspective, trading with USDe appeared no different from trading with traditional stablecoins—while the actual risk profile was materially higher. 5.Risk escalated further as users: •converted USDT/USDC into USDe, •used USDe as collateral to borrow USDT, •converted the borrowed USDT back into USDe, •and repeated the cycle. This leverage loop produced artificial APYs of 24%, 36%, and even 70%+, widely perceived as “low risk” simply because they were offered by a major platform. Systemic risk accumulated rapidly across the global crypto market. 6.At that point, even a small market shock was sufficient to trigger a collapse. When volatility hit, USDe depegged quickly. Cascading liquidations followed, and weaknesses in risk management around assets such as WETH and BNSOL further amplified the crash. Some tokens briefly traded near zero. The damage to global users and companies—including OKX customers—was severe, and recovery will take time. ⸻ Why this matters I am discussing the root cause, not assigning blame or launching an attack on Binance. Speaking openly about systemic risks is sometimes uncomfortable, but it is necessary if the industry is to mature responsibly. I expect there may be significant misinformation and coordinated FUD directed at OKX in the near future. Even so, speaking honestly about systemic risk is the right thing to do—and we will continue to do so. As the largest global platform, Binance has outsized influence—and corresponding responsibility—as an industry leader. Long-term trust in crypto cannot be built on short-term yield games, excessive leverage, or marketing practices that obscure risk. The industry needs leaders who prioritize market stability, transparency, and responsible innovation—not a winner-take-all mentality where criticism is treated as hostility. Crypto is still early. What we choose to normalize today will determine whether this industry earns lasting trust—or repeats the same mistakes again.

@shelbyserves Gib my early acess

What comes after the cloud?

The 01 Private Mainnet will start February 3rd, 2026.