Circle launching their own L1 makes sense At this point, nothing is proven. Everything inhouse is more comfort, and may be needed as Circle aims to be a foundational layer for money used globally, by 8trillion ppl This doesnt invalidate any modular thesis like Avalanche🔺. Major

Web3 ≠ L1s from Circle and Stripe Is it the bridge to TradFi that we need? They can freeze & control assets on their chain Wont have DeFi or true self-custody But it can be trusted by any merchant or business But when whitelisted, "DeFi" can integrate with it That so bad?

Everyone underestimates how bullish Suzaku is for Avalanche🔺 Yes, they help L1s decentralise But most of all, teams laser-focused on 1 use-case: - "pawn off" validation, focusing on their app instead - use Restaking for security 👉 value accrual to own token w/o incentives

DN <> HN, it's a running convo in DP (and I mean between me and Gavin) 💲 DN has its benefits, I see that.. but ➕ HN is my style ➕ Easiest to maintain 💤 No worries about health 🏖️ With side benefits of Most leverage 🚀 & Slightly Bullish 🐂 Give me HN any day of the week

Such a beautiful chart GMX 🫐 At first, OI skewed heavily bullish 💱Traders PnL impacted GMX LPs hard 📈 Forecasting returns was tricky Now everyone loves funding rate arbitrage and the OI has become a "boring" 50/50 🥱 Leveraged yield farming got even more ❤️‍🔥

🚨 There’s a large-scale supply chain attack in progress: the NPM account of a reputable developer has been compromised. The affected packages have already been downloaded over 1 billion times, meaning the entire JavaScript ecosystem may be at risk. The malicious payload works

Compared to $1.6B that Solana got Absolutely huge on a mcap-weighted basis Avax szn 🔺️

Last Friday perfectly visualises GM v2 <> GM+ on GMX 🫐 GM v2 has a balanced approach. It handles longs in volatile tokens, shorts in stables. It's now showing to outperform in any market. GM+ on the other hand, handles everything in volatile tokens. When shorts win, pay outs

Last weekend & most meltdowns? Not the same Big diff was that last weekend is already over. No prolonged price action from it (yet)

Beautiful sight to see GMX 🫐 Daily returns of GM ETH-USDC vs daily returns of $ETH 👇 Each move in ETH, GM token does the inverse 📈 Some traders still win: So they come back 🏊‍♂️ LPs win over a longer time horizon GMX Model works perfectly 👌