adi chain running uae government settlement on public blockchain with near protocol infrastructure. first abu dhabi bank with $300b assets and ihc with $240b market cap issuing central bank regulated dirham stablecoin on open rails not private cbdc networks. 50 projects building pre-mainnet across 20 countries. governments choosing defi composability over control is the trade nobody sees coming. ...

kalshi just closed $1b at $11b valuation. a 3 year old prediction market worth more than uniswap ever was. paradigm and sequoia leading means prediction markets are the defi primitive that breaks through. polymarket has no token yet. limitless at $29m mcap processing same volume kalshi processes. the valuation gap between first movers and followers is about to compress violently. ...

babylon labs cracked native bitcoin collateral. your btc stays on bitcoin blockchain, zk proofs verify ownership on ethereum, aave v4 integration goes live mid-2026. $200b in bitcoin sitting idle because holders refuse wrapped solutions. 57,759 btc already staked through babylon at $7b tvl. microstrategy's $40b stack becomes productive without moving a single satoshi off bitcoin. ...

taiko just went 100% zk proof coverage on mainnet. first rollup proving every block in production with risc zero and sp1. hardware requirements dropped 10x in 9 months, from 160 gpus to 16. ethereum's entire scaling thesis just got validated by one team shipping what everyone said was impossible. ...

limitless trades at $28.9m market cap with $460m volume processed. polymarket at $9b valuation for the same product. that's 300x valuation gap. limitless already executing $50k weekly buybacks from fees, 300k op grant secured, and base miniapp integration live. only $200 trading volume qualifies for airdrop. six prediction platforms launched on base this week but limitless has 10x the volume of the next competitor. ...

chainlink reserve crossed 1m link and 81k link accumulated in one day through payment abstraction. jp morgan, figure's $19b platform, ubs all pay in usd that auto-converts to link and goes straight to the reserve. structural demand without needing retail buyers. grayscale launched the first oracle etf pulling $41m day one. the infrastructure tax on $500 trillion in tradfi assets moving on-chain. ...

usual protocol burned 25% of max supply and cut daily selling pressure by 85% in one move. usl borrowing rates dropped from 5% to 1.5% making it cheaper than aave. the one year investor cliff just passed so no more unlock overhang. most aggressive tokenomics reset in defi and the market hasn't figured it out yet. ...

x402 payment volume switched from 95% on base to 90% on solana in 30 days. machines don't care about your coinbase partnership when solana costs 100x less per transaction. ai agents making 10,000 api calls daily pay $1 on solana vs $100 on base. the robots already voted. ...

ondo finance got fma approval for 30 european countries november 19th and nobody caught it. europeans can't easily buy tesla or spy through their banks but now have 24/7 access through tokenized stocks. $313m tvl in 2 months, market cap went $1m to $20m after binance wallet integration. 500m europeans wanting u.s. equities onchain is the arbitrage ...

Market Dominance - Aave captures 72% of all crypto lending interest [1] - Aave, priced at $192, generates $90 million monthly revenue, leading the lending sector [1] Competitive Dynamics - Aave cut off Spark's $112 billion TVL from using USDS as collateral [1] - Spark only delivered $17 million revenue share on their Aave fork [1] - Spark's model faces challenges under scrutiny [1] Revenue & Strategy - Spark routed fees through Morpho to avoid payments [1] - Copying code does not guarantee long-term economic viability [1]