The Daily Degen - Tuesday, February 24th, 2026
Suits, Streets, Steps, Stats, Macro, Videos, + New Projects! + $BTC, $ESP, $AAVE, $UP, $FIL, and more!
Shout-out to brilliant accounts mentioned with <10k followers (make sure to give them a follow!...
Lending
Mindshare
Displays the percentage of social media posts mentioning each token in this sector. Higher percentages indicate greater social attention and discussion around that particular cryptocurrency.
zama at 40% below ico with 70% fhe market share. $150m from multicoin and pantera at $1b valuation. perp funding negative despite the dump. base abandoned op stack for privacy. canton raised $135m from goldman and dtcc. morpho hit $830m rwa. every pr...
2/24/2026 10:21
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kamino just enabled off-chain staked SOL as DeFi collateral through anchorage. 67% of SOL supply is staked. $30b in tokens that never moved can now borrow against without leaving custody or losing staking rewards. capital efficiency unlock nobody pri...
2/23/2026 18:27
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morpho trading at 0.14x TVL vs aave at 0.56x. anchorage just gave the only federally chartered crypto bank access to morpho vaults for $50b in custody assets. apollo bought 9% of supply around $8.60. current price $1.65. aave's core team exits in 38 ...
2/23/2026 10:52
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New standard for DAOs:
Fluid to launch a Foundation that owns all IP: smart contracts, frontend, brand, trademarks etc.
The Foundation is a Cayman non-profit with no owners. Token holders have ultimate authority.
Aave Labs, too, recently proposed ...
2/23/2026 10:10
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Last week @Mantle_Official launched their @aave incentives, making them the most profitable place to leverage @ethena's sUSDe and @maplefinance's syrupUSDT.
A few quick notes:
► There's 100M USDT to borrow at 2.7%
► Ethena is now actively farming De...
2/23/2026 04:30
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🚨CURVE FOUNDER: "DAO DISAGREEMENTS ARE HEALTHY"
The founder of Curve Finance says internal disagreements within a DAO are a positive sign, not a weakness.
DAOs govern major DeFi protocols like Curve and Aave, where community debate plays a key rol...
2/22/2026 21:45
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aave's core technical team BGD just announced full exit in 38 days citing "irreconcilable tensions" and centralization concerns. the team that built governance v3 is saying the decentralization framework they designed is being undermined. $13b market...
2/22/2026 19:32
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blackrock BUIDL on solana up 200% in one week to $255m. $376m minted in a 30-minute window. ethereum RWAs sit in wallets. solana RWAs move through kamino and meteora. the difference isn't TVL. it's velocity. if solana BUIDL hits 30% of ethereum deplo...
2/21/2026 21:28
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morpho's fasanara vault has $24m exposure to first brands bankruptcy. $2.5b of $3b collateral was fraudulent. some borrowers sitting 4% from liquidation with another markdown expected. this is the RWA lending stress test nobody wanted. apollo owns 9%...
2/21/2026 15:52
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aave's core infrastructure team BGD Labs terminates all contributions april 1. they built v3, governance, and security frameworks for $33.6b in TVL. aave's current job postings are react native and devops. zero core protocol engineers. 38 days until ...
2/21/2026 11:38
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Everyone's debating whether DeFi is dead while institutions are quietly wiring it into their balance sheets.
$MORPHO is up 45% YTD in a market where most alts are down 20%+
‣ Deposits went from $3.5B to $9B
‣ $658M in RWA deposits ($337M in active ...
2/21/2026 07:05
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The domain hijacking incident has been fully resolved and control has been restored.
The Curvance official domain, https://t.co/RleOx66Z5Z, is secure and safe to use.
Please note that users connecting via OKX or Coinbase wallets may still encounte...
2/21/2026 02:44
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Mantle dominating the TVL battle among major chains this week due to Aave deployment + incentives...
They are up 123% on the weekly and now the 15th largest chain by TVL...
On the monthly they are up 74.12%...
Only other major chains up considerab...
2/20/2026 22:43
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For four years, BGD has played an important role in Aave V3’s technical development, and it is fair to say that Aave V3 would not be what it is today without their contributions. That Aave V3 has lasted this long in an ever changing industry is a tes...
2/20/2026 16:37
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ondo tokenized QQQon and TSLAon accepted as collateral on kamino and morpho this week. you can now run 3.7x leverage loops on nasdaq 100 exposure through DeFi. $944m in tokenized stocks, 60% market share in 6 months. ONDO token down 87% from december...
2/20/2026 15:48
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BGD Labs are rage quitting Aave DAO after 4 years.
They built Aave v3, governance infra, Umbrella, and most core systems.
Why they're leaving:
- Aave Labs pivoted from independent company to central contributor pushing v4
- Aave Labs controls the ...
2/20/2026 13:52
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"Aave Labs has a very strong position due to external factors: control of the brand and communication channels of “Aave”, and important voting power to actually influence major Aave DAO votes. We find those external factors very difficult to overcome...
2/20/2026 13:51
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"Your margin is my opportunity."
Net interest margin (or NIM) is a crucial metric for borrow lend protocols in the same way it is for banks.
While it's true that for protocols like Aave today it's lower than banks (~3%ish), the protocols also run F...
2/19/2026 21:38
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chaos labs secures $30b in TVL with no token and no way to invest. the play is the protocols running on their infrastructure. aave just requested $51m for V4 rollout and their $20b in liquidity runs on chaos risk oracles. you can't buy the infrastruc...
2/19/2026 16:41
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NEW EP: How Tokenization Is Disrupting Legacy Finance - Bitwise CIO Matt Hougan
This week, @robbie_rollup sat down with @Matt_Hougan of @BitwiseInvest to unpack:
- Why Tokenizing All ETFs is Inevitable
- Apollo + Morpho: What Institutions Actually ...
2/19/2026 15:53
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Easy access to ultra-low borrow rates ⚡️
Step 1: Go to https://t.co/LCMSbzDmu9
Step 2: Click lending → Smart Lending
Step 3: Deposit collateral → earn LP fees while it backs your loan (borrow at the same time)
Enjoy borrowing fees as low as..... 0%...
2/19/2026 14:12
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morpho curator fees went from $10k/week to $200k/week in 12 months. apollo buying 9% governance isn't about yield farming. $733b credit manager wants to route their own private credit deals through the protocol and capture the fee switch when it goes...
2/18/2026 22:11
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I want to buy some fundamental tokens
Ok, new or old?
New ones, they have the best tech
Well, new 1s have unlocks, ecosystem dump, and are generally DeFi (which underperform)
Ok, old 1s then. AAVE, UNI.
Well, those coins don't do anything. Floa...
2/18/2026 15:25
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Hard to not be bullish on Aave here.
Monthly revenue is in a very healthy place at $9.5M, down only modestly from the peak of $15M.
Historically revenue has been highly cylical, partially due to the tight correlation with the price of ETH (chart 2)...
2/18/2026 15:20
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memecore at $2.66b is valued higher than aave which has $800m revenue and $23b TVL. their pitch is infrastructure for meme coins but https://t.co/eQ9skbAnnv generated $125m in fees without needing a separate L1. the 30-day chart shows $1.89 to $1.20 ...
2/17/2026 19:04
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The persistent strength in $AAVE price action is a very clear signal from the market.
Investors are gravitating towards cash flow producing protocols winning in large addressable markets with value aligned around the token. https://t.co/Wl9vFcUkk8
2/17/2026 16:46
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aave filed first DeFi protocol ETF with coinbase custody. $800m revenue in 2025 at $1.9b market cap is a 2.4x multiple. fintech companies trade 5-15x revenue. stani bought $16m during the 53% crash. when TradFi analysts start applying real valuation ...
2/17/2026 07:38
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Security Update: Earlier today, Curvance’s domain registrar account was compromised, resulting in unauthorized DNS changes that redirected users to malicious content as part of a broader wave of DNS-level attacks affecting multiple protocols.
The ...
2/16/2026 20:36
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Is Aave becoming truly token-centric, or is governance just theater?
The “Aave Will Win” proposal has sparked a serious fight over control, funding, and decentralization.
I'm speaking with @StaniKulechov all about it now.
Join us!
https://t.co/m...
2/16/2026 20:31
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Denver Highlight: @blakechains at Multichain Day:
The main competition for acquiring real users in the crypto space is from entrenched, centralized financial superapps like Robinhood, rather than from other onchain projects.
DeFi should focus on th...
2/16/2026 20:13
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⚡️NEXO RETURNS TO THE UNITED STATES
Crypto platform Nexo is relaunching in the US after exiting in 2022 due to what it called regulatory hostility from federal and state regulators.
The firm says its new US offering is structured through partnershi...
2/16/2026 16:15
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I think the AAVE DAO proposal was very clear in terms of aligning protocol revenue with token holders.
The path for Aave when it comes to V4, RWAs and consumer products built on top of the protocol (Aave Card and Aave App) is equally positive for th...
2/16/2026 14:45
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aave chainlink SVR integration pulled $4.73m in one week from liquidation MEV recapture. $17.7m total recovered. on-chain revenue 7x since late 2025 from a single infrastructure deal. everyone debating labs vs dao governance drama. the protocol is qu...
2/16/2026 08:28
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anchorage bitcoin smart account went live feb 12. cold wallet btc now earns defi yield through lombard and morpho without leaving custody. $50b+ in institutional btc just became productive capital. the people who couldn't touch defi because of custod...
2/16/2026 02:51
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People are underestimating how big NeoFinance can get once big players start to leverage these protocols as proxies.
We’re already seeing it.
BlackRock is buying $UNI
Apollo is buying $MORPHO
Not long until we see announcements for Sequoia buyin...
2/16/2026 02:01
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Stani reveals the key principle for Aave's foundation structure: pure independence.
"The foundation needs to be independent from any party, including Labs and everyone else."
The beauty of DAOs is that "the strongest voices don't own the DAO. What ...
2/15/2026 16:08
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One day, BlackRock buying $UNI and Apollo buying MORPHO will look like obvious key crypto turning point.
I say one day, because the market is underpricing these moves.
TradFi companies entering crypto not via ETFs but direct token acquisitions is a...
2/15/2026 15:20
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morpho trades at half aave's valuation multiple despite 58000% tvl growth in 24 months. $6.4b tvl with $783m market cap vs aave's $20b tvl at $5.5b. société générale chose morpho for mica compliant stablecoin infrastructure not aave. the gap closes w...
2/15/2026 08:03
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anchorage and kamino just built infrastructure for institutions to borrow against natively staked sol without breaking qualified custody. treasury companies like HSDT sitting on $1b unrealized losses now have a survival path that doesn't require sell...
2/14/2026 15:42
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NEW EP: The Aave Will Win Framework with Stani Kulechov
Aave Labs is at its most critical crossroads proposing a new alignment framework that directs 100% of product revenue to the Aave DAO treasury under a token-centric model.
In today's episode, ...
2/14/2026 15:27
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apollo committed to buying 90m morpho tokens over 48 months. that's 1.875m tokens monthly from a $900b aum manager. they're not speculating on price. they're securing onchain credit rails for when tokenized assets need lending infrastructure. the fou...
2/14/2026 11:39
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🏦 GRAYSCALE FILES FOR AAVE ETF ON NYSE ARCA
Grayscale has filed with the SEC to convert its $AAVE trust into a spot ETF that could list on NYSE Arca.
If approved, this would let regular investors buy AAVE exposure in a regulated ETF format. https:...
2/14/2026 11:30
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IMO @hyperlendx is the best platform to use for yield at the moment
It offers crazy APY for SOL, more than SOL ecosystem platforms, sometimes it spikes to 40-50%.
USDC APY is also good enough, 5.21%.
At least better than Aave + Airdrop is coming ...
2/14/2026 09:25
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Crypto being so useful for circumventing the law creates this negative feedback loop where the yields get compressed below the risk free rate because there's so much shadow crime money with no other home pushing them down. Can't even shill Aave to no...
2/14/2026 00:46
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Stani on why DeFi is battle-tested and Aave V4 is about to change everything.
"October 10th last year, we liquidated over $200 million in minutes. A week ago, half a billion in a week."
TVL going from $200B to $120B isn't a failure story. It's a st...
2/13/2026 23:43
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How does a protocol that started as a 2017 ICO become the backbone for financial systems?
Stani Kulechov breaks down the Aave Will Win proposal, a framework for token value capture that reflects 8 years of DeFi evolution.
"The Aave Will Win proposa...
2/13/2026 23:05
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Just for perspective, Aave DAO could buy a US bank for this amount of money. I think that’s a good opportunity cost framing.
Aave team can probably deliver more growth but even a poorly run bank has better net interest margin than a DeFi protocol.
...
2/13/2026 20:11
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Breakouts above or breakdowns below the 50dma (purple line) have been incredibly predictive for AAVE price action. With strong token value accrual alignment/clarity after yesterday's proposal, looks like we're heading back towards the 50dma. If we se...
2/13/2026 18:33
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Variable and funding rates work great… if you trade like it’s your full-time job
But most people open a position and then:
— meetings
— travel
— sleep
— life
Fixed rates = predictable carrying costs
That’s what makes holding exposure feel manageabl...
2/13/2026 15:23
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In today’s @Unchained_pod Daily newsletter:
📉 Coinbase feels the chill of a slowing crypto market
🏛️ Aave’s “Aave Will Win” plan ignites a power struggle
And more!
📈 Read the latest update… and get more daily! Subscribe.
https://t.co/CJmtuVR2WF ht...
2/13/2026 12:01
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I saw a few folks start talking about eSui Dollar on @DeepBookonSui, but I feel we need additional context to explain what's actually happening here.
eSui Dollar is now the first synthetic dollar on DeepBook.
Day one support across Cetus, Navi, Blue...
2/13/2026 01:00
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Sexy proposal by Aave Labs:
- 100% of the revenue to the DAO
- Aave branding IP given to a new Foundation
I've been critical of Aave Labs exactly due to value leakage from the DAO.
But this seems like a big compromise from Aave Labs that $AAVE hol...
2/12/2026 21:55
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🆓 FREE DAPP IDEA 🆓
The Universal Credit Score
Use USC v2 to read loan data from Aave, Compound, Morpho, and every other lending protocol across 30+ chains.
Then your dApp builds a single, portable credit reputation for every web3 wallet.
Someon...
2/12/2026 20:29
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$AAVE went from $200 to $100 because investors adjusted the multiple they were willing to pay on cash flows because of increased token value capture uncertainty. That uncertainty is now gone. If investors are rational (as they were before), we should...
2/12/2026 19:59
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aave controls 87% of all defi lending revenue. $89m in january alone. $50b deposits. trading at 4x annualized revenue with active buybacks. berachain at $500m fdv with zero revenue just pumped 150%. the market is pricing novelty over dominance. 4.2% ...
2/12/2026 18:23
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Higher interest rates might be the best thing that’s happened to DeFi in a while. They’re basically ending the “APY is the product” era
When rates were zero, you could slap a 15% yield on something and people didn’t ask too many questions. Compared ...
2/12/2026 17:27
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Interoperability is shifting from bridge assets to route execution
IBC is the clean model: light clients + on-chain proofs
What’s new is the direction:
• IBC Eureka: connect once, reach many chains
• Solray: pushing IBC semantics toward Solana
Thi...
2/12/2026 15:41
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cap premarket at $0.13 vs $0.19 ico. token down 32%. protocol at $317m tvl with https://t.co/Fbh7MpjT3S deploying $35m for 9% stablecoin yield. aave megaeth deployment confirmed feb 10 with cap assets proposed as collateral. protocol metrics pricing ...
2/12/2026 11:14
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tfw the snUSD orderbook is so yoked you can ape $3m and incur just 0.5% yield impact
Over the next 20 days, that means:
📌 11.78% fixed APY
📌 +$19.5k profits locked in
Also decent size on Morpho to push those yields even high 🤔
Pendle Neutrl Mor...
2/12/2026 03:55
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✨SCALLOP POOL LISTING - suiUSDe
We are thrilled to announce that suiUSDe powered by @ethena is now LIVE on Scallop Lending Pools!
Powered by Ethena, suiUSDe is Sui’s whitelabel stablecoin providing yield from the ETH basis trade!
Supply suiUSDe on...
2/11/2026 22:16
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aave captures 87% of all defi lending revenue. grew from 8% to 28% of total defi tvl in 24 months. token down 71% from peak. v4 trail of bits audit completed feb 10. $157m annualized revenue funding $50m annual buybacks. protocol at all-time dominanc...
2/11/2026 18:15
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TVL is the slow metric. Volume is the fast one
Right now, on-chain volume is expanding while DeFi TVL is flat
That’s not “DeFi is dying”
That’s capital rotating
If you only track TVL, you miss the whole story: demand lives in throughput, routing, ...
2/11/2026 17:23
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You can still make outsized returns in this market.
No, I'm not talking about trenches.
Here are some ways to earn without exposing yourself to the volatility:
1. Farm stablecoin yield
- @re is offering 7% and 12% on reUSD and reUSDe, respectively...
2/11/2026 17:00
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$UP is taking flight on @AerodromeFi.
$UP LP incentives start today to build deep onchain liquidity.
Details:
🔹 5,000,000 $UP in total rewards
🔹 Feb 11 – Feb 18
🔹 Pools: UP / cbBTC
Provide liquidity here:
https://t.co/maz68scSbC https://t.co/46...
2/11/2026 14:18
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Today's stream condensed into 3 sharp takes:
Sam Ruskin: "Private credit is $1.5-3 trillion globally. In crypto, it's $2 billion. We need a Morpho moment for private credit."
Nassim Alexandre: "Institutions aren't chasing returns. They're chasing p...
2/11/2026 02:27
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LST withdrawals take ~7 days. If you want liquidity now, just swap.
With Smart Swap on @lista_dao, you can swap against native liquidity instantly:
🔹 BNB ⇄ slisBNB (@lista_dao LST)
🔹 BTCB ⇄ solvBTC (@SolvProtocol LST)
Swap: https://t.co/Hz9pKJB6d...
2/11/2026 00:43
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Claims go live in 30 minutes at: https://t.co/SzUEvpiWDv
The following changes will be reflected in the portal:
The early exit fee has been removed. Claiming liquid $UP is now free.
The Staked UP (sUP) cooldown has been decreased from 45 days → 1...
2/10/2026 16:36
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DeFi feels “quiet” until it isn’t
The moment volatility hits, the edge isn’t who has the highest LTV
It’s who has:
- predictable borrowing costs
- liquidations that don’t nuke the whole position
- guardrails for bad prints
Boring risk controls are ...
2/10/2026 15:23
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The most important names in stablecoin payments have already emerged in 2026.
My watchlist to pay attention to:
Visa
Stripe
Nexo
Revolut
Fiat24
Gnosis
BVNK
Coinbase
Binance
Bybit
Moonpay
Ramp
Wirex
Transak
Alchemy
It’s clear that stablecoin paymen...
2/10/2026 11:56
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Did you notice 2026 numbers of @aave?
‣ $52B in TVL (dropped by $3B but up 60% YoY)
‣ Still has 60% market share which is more than every competitor combined
‣ Generated $33M in revenue this quarter (revenue last quarter was $40M)
‣ MAU dropped to 1...
2/10/2026 04:15
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// TODO: Submit BUIDL CTC project
Only one week left! The clock is ticking. Finalize those features, squash those bugs, and get your submission in.
$15,000 and a fast-track to investment are on the line. No pressure. 😉
https://t.co/OsKt9sCXJu http...
2/9/2026 14:24
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The new Superform x @pendle_fi market for SuperWETH is live! Access deep capital efficiency by choosing your position between three distinct strategies before the April 30 maturity.
🔷 Earn 50x Superform POINTS + 7.5% APY with LP
🔷 Get 68x leverage...
2/9/2026 13:00
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babylon staking has 57,759 btc committed. co-staking requires 20,000 BABY per btc. that's 1.16b BABY needed vs 690m circulating. 40% supply deficit at current staking levels. aave v4 integration vote in april adds native btc collateral to $50b lendin...
2/9/2026 11:57
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vitalik sold $6.69m eth at $2251. stani sold $8.36m at $1857. ethereum's creator and aave's founder both exiting during the same liquidation cascade. 2972 eth is a trim not capitulation. the signal isn't bearish. it's timing. historically vitalik sel...
2/8/2026 11:13
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morpho hit $1b on base and surpassed aave. but steakhouse vaults alone account for nearly half that tvl. isolated lending markets were supposed to eliminate single points of failure. instead morpho created operator concentration risk. one vault opera...
2/8/2026 03:46
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Quick weekend word to all those affected in the market drawdown and volatility.
No matter how challenging or difficult it gets
Or how much you lost
Or how much you may see others claiming to win on the timeline
Or the rising chorus of market critics...
2/7/2026 12:59
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💸TRADING FIRM LOSES $686 MILLION AFTER $ETH PRICE CRASH
Trend Research just suffered a $686M loss on a leveraged Ethereum position.
The firm borrowed stablecoins on Aave and used ETH as collateral to build a $2B long position.
As ETH kept falling...
2/7/2026 09:54
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Mindshare Trend
Mindshare statistics in social posts for tokens in this sector. '30D' represents total mindshare percentage over the past 30 days, '∆30D' shows the percentage change during this period, and 'TREND' indicates the current directional movement of social media attention.
| AAVE | 0.65% | -3.31% |
Up |
| NEXO | 0.22% | 8.30% |
Up |
| MORPHO | 0.20% | 111% |
Up |
| LISTA | 0.18% | 21.66% |
Down |
| XCN | 0.15% | -2.95% |
Down |
| KMNO | 0.14% | 54.10% |
Down |
| SUPL | 0.13% | 71.32% |
Down |
| KAVA | 0.13% | -21.89% |
Down |
| CVE | 0.11% | 13.10% |
Down |
| SCA | 0.07% | -14.82% |
Down |
| CTC | 0.07% | 14.62% |
Down |
| NLS | 0.07% | -18.80% |
Down |
| SEND | 0.07% | -20.44% |
Down |
| TRADE | 0.06% | -27.05% |
Down |
| LQTY | 0.06% | 16.22% |
Down |
| QI | 0.05% | -49.40% |
Down |
| AURA | 0.04% | 51.15% |
Down |
| WELL | 0.04% | 11.41% |
Down |
| FLUID | 0.04% | -29.53% |
Down |
| COMP | 0.04% | 32.89% |
Down |
| ECH | 0.04% | -21.67% |
Down |
| APW | 0.03% | 6.90% |
Down |
| SOUL | 0.03% | 50.14% |
Down |
| RDNT | 0.03% | -23.23% |
Down |
Top Bullish Mindshare
Shows the 6 tokens in this sector with the highest number of positive mindshare in social media posts.
Top Bearish Mindshare
Shows the 6 tokens in this sector with the highest number of negative mindshare in social media posts.



























































