Succinct mainnet & TGE will happen in early August. @SuccinctLabs’ SP1 zkVM is getting attention as it’s the first 100% next gen open source zkVM with Rust/C++ support. zkVMs solve Ethereum's scalability by moving computation offchain & only submitting small proofs onchain. Making it way more efficient. What makes SP1 different? > Fully open source > Works with existing dev tools > Performance competitive with closed systems Since their testnet they’ve shipped the fastest zkVM. + 35+ customers + $4B+ TVL secured + 5M proofs generated $PROVE is currently trading around $1 on the whales market. At current prices $1.1B FDV with 200M CS (20% of 1B total) puts it in Starknet territory for zkVM valuations. ZK lets you verify without exposing data, perfect for private financial products that banks actually want. All OP rollups might eventually convert to ZK because of better security & no withdrawal delays. As the first major next gen zkVM TGE, this will become the benchmark for upcoming ZK infra projects.

$HOME has a $95M mcap with 10B total supply. This S2 drop is massive relative to their size ($35M worth at current prices) > DEX aggregator: $12B+ volume ($1.33B since TGE) > Perp aggregator: $2B+ volume ($1.017B since TGE) DEX volume slowing down while Perp is growing. Makes sense since that's where the big money flows are moving. Got $8,000 from their S1 airdrop, so can't complain about their distribution model. The proposal to buyback 80% shows they're thinking longterm growth. Worth keeping an eye on @defidotapp for S2 if you're active into trading.

Most current infra can't be profitable today, so you're basically betting on future market growth rather than present utility. The problem? Everyone's rushing to distribute tokens to holders instead of building sustainable revenue streams. 20/80 rule applies here. 20% of infra projects will capture 80% of demand. The rest become noise. Tokenomics matter way less than actual PMF. You can have perfect token mechanics, but if there's no real demand for your infra, you're just creating elaborate wealth redistribution schemes. Projects work because they solved real problems first, then added tokens. Most others do it backwards. Infra I’m betting on👇 L1: @ethereum @solana @HyperliquidX @SeiNetwork @SuiNetwork Defi x TradFi hubs: @arbitrum @Mantle_Official @katana Lending: @aave @0xfluid @sparkdotfi @MorphoLabs RWA: @maplefinance @plumenetwork @OndoFinance @ethena_labs Yields: @pendle_fi @GammaSwapLabs @SiloFinance Stablecoin: @ethena_labs @FalconStable @ResolvLabs AI: @Mira_Network @AlloraNetwork @nillionnetwork @campnetworkxyz ZK: @SuccinctLabs @boundless_xyz @union_build DePin: @peaq @BeamableNetwork @ionet BTCFi: @babylonlabs_io @Stacks @satlayer Oracles: @chainlink @redstone_defi The infra boom feels similar to the L1/L2 race. Lots of builders, limited winners & the market will eventually consolidate around whoever provides genuine utility at scale.

Finally @mawariXR’ DIO is live. Over 140,000 guardian nodes licenses sold before public launch. $45M already committed. Now opening to everyone at $333/node. But what exactly is Mawari? They've been quietly building XR infra for 8 years. The problem they solve is simple. Streaming VR/AR content requires massive bandwidth. Most companies can't afford it, which is why VR apps feel clunky. The remaining ~160k nodes went live today. > Guardian nodes validate streaming quality > You earn 20% of network revenue > Non US participants can buy at while US investors go through Republic > You can buy it via USDT/USDC on @arbitrum This is what @mawariXR’ infra with real clients, real revenue & 8 years of development behind it looks like.

While everyone's talking about DePIN projects, @BeamableNetwork is quietly running live infra for 80+ games including FIFA Rivals, Pudgy Party & Monster Dash. They're generating $8M+ in actual revenue from real API calls. Real users + Working infra = Actual revenue (Most DePIN projects are still at step 1) Read more: Their node sale approach is different too. They're offering shares in working infra that already serves millions of users. I got allocated 12,500 $BMB from their CT mindshare based airdrop (Sharing the checker link in the below tweet) To claim, you'll need to follow @BeamableNetwork first. Remember they've solved the ‘build it & they will come’ problem that most DePIN projects struggle with. Sometimes the best plays are the ones already generating revenue while others are still raising funds.

We’re halfway through the last week of July. I’ve to confess one thing to you guys. @Mira_Network is here to make AI better. Thankyou.

Yes @FalconStable is that another stablecoin protocol that I’m closely following other than @ethena_labs > Backed by @DWFLabs > Reached $1B in circulating supply > $1.2B in TVL > 10th largest stablecoin > Offering 12.74% yields Stablecoin mcap is at $265B. Google search data shows that interest in stablecoins has surged to an ATH this month. Yield bearing stablecoins have already grown from $1.5B to $12.46B in circulation since early 2024 (more than a 8x increase in less than a year) Also their Falcon miles program is still live.

$PENDLE TVL hit an ATH at $6.75B, up from $2B last year > Monthly revenue is $1M+ ($2.25M avg since Jan 25) > $6.31B (93%) is on Ethereum Stablecoin TVL exploded 60x to $3.4B+ Largest yield trading platform by TVL. With stablecoin mcap exploding & Boros product launch expected soon. @pendle_fi will continue to grow. Higher

P/F (Price to fees) ratio shows how much you pay per dollar of protocol revenue. Lower = potentially undervalued > $SYRUP: $639M FDV ÷ $12.45M fees = 51.3 P/F > $AAVE: $4.86B FDV ÷ $737.71M fees = 6.6 P/F You're paying $51 for each $1 of Maple's revenue vs $6.60 for Aave's SEE @aave generates 60x more fees than @maplefinance but trades at only 7.6x the valuation. By pure fundamentals, Aave looks undervalued. But Maple's targeting institutional lending & smaller market, bigger growth potential. Their 5.5x TVL growth since April explains the premium. But both are VALUE plays.

Watching @zora’ recent moves & I'm seeing the same pattern that will kill InFoFi platforms The problem isn't the tech. It's the incentive structure. When platforms pay users just for posting, you get content farms, not communities. Look at what happened: > @blast promised rewards → users fled when incentives dried up > Once a project’s @KaitoAI yapper program get over → engagement dies overnight Zora's ‘mint everything’ model feels like a content factory. Users aren't creating to connect or build something meaningful. Real creator economies work differently. Look at Insta, YouTube. 1/ Nobody gets paid per post 2/ Creators built audiences, made genuine connections 3/ Then monetized through ads & sponsorship 4/ The reward came from the relationships, not the platform But crypto platforms are addicted to token incentives. They need users to pump token prices, so they pay for any activity. This attracts bots and farmers who optimize for rewards, not quality. Real users get exhausted trying to compete with automation. When rewards stop, everyone leaves. The platform becomes a ghost town filled with bot generated noise. @zora could be different, but they're walking the same path. Making everything mintable doesn't create value. It just creates inflation. Without genuine human connection & content worth consuming, it's just another temporary yield farm disguised as a social platform. The future of creation is building spaces where the best content naturally rises & creators earn from real demand, not artificial subsidies.