THEDEFIPLUG

.@EndlessProtocol TGE is done, $EDS is live on @sliswap but the real story is the dev stack.

➤ Genesis Cloud: deploy components, not full apps
➤ AI-assisted architecture
➤ Multi-chain native by default

Not another L1 a new standard for crosschain building.

Bounty campaign & genesis NFT whitelist coming. If you track early infra plays, keep an eye on Endless.

Never underestimate the power of the Economy of Trust 🧵

Yunno, to make the best out of finance, it is always about compression.. if you’ve spent time on this space, you know this well enough by now!

Compressing time, friction and distance between capital and productivity.

Karpous is that compression applied to yield.

In TradFi, yield comes with intermediaries where custodians, contracts, and lockups stretched the distance between investor and output.

By the time yield arrived, the system had already taken its share.

@karpouscom eliminates that lag.
It tokenises verified, income producing RWA into digital ownership certificates (fTokens) that trade on its exchange.

By doing this, it connects global capital directly to productive industries, with settlement happening onchain.

No paperwork. No middle layers. Just transparent, liquid exposure to real yield velocity.

> For operators, it’s an alternative to debt.
> For investors, it’s yield with proofs, not promises.

Each transaction compresses trust into code and time into liquidity.

This is yield at network speed; capital and productivity converging in real time.
That’s not a new product. It’s a new primitive.

Bitcoin isn’t topped. It’s resetting.
October’s $20B liquidation event was one of the largest in crypto history, but it didn’t end the cycle, it cleared leverage.

➣ $BTC price: $126K to $100K (-21%)
➣ Leveraged positions wiped: $20B
➣ M2 liquidity (global): flat since July
➣ U.S. net liquidity: negative post–debt ceiling
➣ Options positioning: $90K–$160K range
➣ Institutional outlook: bullish into 2026

The M2 decoupling isn’t bearish, it’s mechanical. Government borrowing drained liquidity temporarily, suppressing reflexive flows between liquidity growth and $BTC price.
Once tradable liquidity expands again, correlation should resume.

October’s flush was not a top. It was a reset. The base layer for the next impulse.

That’s how every Bitcoin cycle breathes before it breaks higher.

> 90+ live applications
> 11B monthly API calls
> 2.5M active users
> $4M ARR
> 50% cheaper infrastructure

@BeamableNetwork isn’t pitching simulations. It’s powering the infrastructure behind them.

Most DePIN projects start by printing supply and waiting for demand to appear.

Beamable does the opposite.

With years of backend demand before a single token was minted, and each API call representing a real transaction, not synthetic volume.

This isn’t “on-chain gaming.”
This is on-chain compute - the invisible backbone that powers internet-scale workloads.

Beamable turns backend demand into a liquid asset class. An on-chain AWS where compute is tradable, verifiable, and decentralized.

Every metric above is throughput, not speculation. Each dollar of ARR becomes network liquidity. Each call adds load, burn, and buyback pressure to $BMB.

In a market full of roadmaps, Beamable already ships receipts.

That’s the difference between chasing narratives, and building infrastructure.

PRESALE on the 11th

This year, the scoreboard shifted.. and @arbitrum quietly held its ground.
$20.9 million in YTD fees, second only to Base’s $66.6 million, with no centralized exchange funnel or retail subsidy driving it.

@base dominates on user flow
@arbitrum earns from financial depth.

Its core engines (@GMX_IO, @OstiumLabs, and others) monetize behavior that persists; trading, hedging, yield compounding, and protocol-to-protocol liquidity.

Every swap, liquidation, and rebalancing cycle reinforces its cashflow base.

That’s the difference between activity and economy.

Arbitrum isn’t just scaling Ethereum anymore. It’s building the revenue spine of on-chain finance; where tokenized assets, derivatives, and stablecoin settlement meet.

The market still calls it a roll-up.
But the data already calls it a business.

Markets evolve. Metrics must too.

TVL and DAUs measure presence, not performance.

The real metric is fee dominance: who earns when capital moves.

@HyperliquidX now commands 40% of all Layer-1 fee flow.
@BNBCHAIN: 20%.
@solana: 9%, collapsing from above 50% earlier this year.

That’s not a glitch. It’s a repricing of what matters.

Liquidity that churns is more valuable than liquidity that sits.
Hyperliquid and BNB captured the most active orderflow: derivatives, liquidations, funding, rebalancing...while Solana’s memecoin traffic dried up.

Fee dominance exposes the truth TVL hides:

➤ TVL: shows how much liquidity is parked
➤ Fees: share shows how much liquidity is used
➤ Revenue density: shows which networks monetize behavior, not deposits

Blockchains aren’t competing for users anymore. They’re competing for execution share, for the traders, bots, and protocols that actually generate economic throughput.

The next market cycle won’t crown the chain with the most deposits.
It’ll crown the one with the highest revenue per block.

We can argue zk proofs or sequencer models all day, but money already made its choice.

Cheaper, faster; those come and go and then what always stick is gravity & right now, it lives on @arbitrum.

Ethereum’s L2 landscape has matured into a liquidity hierarchy.
The scaling question is solved; the real contest now is who anchors capital.

By bridge type, @arbitrum holds $17.05B, followed by @base $15.26B.

Then a sharp drop: @Optimism $2.96B, @LineaBuild $1.37B, and @Starknet $706M

Half of Ethereum’s L2 liquidity sits inside just two systems, but only one monetizes it natively through composable DeFi depth. That’s @arbitrum's edge: liquidity that earns, trades, and recycles without leaving orbit.

Liquidity behaves like a gravity well. Once a network passes a certain mass, every inflow bends toward it. Depth tightens spreads, lowers slippage, reinforces retention, and the loop repeats.

@GMX_IO, and @CamelotDEX formed the yield base that kept leverage and liquidity on-chain.
Capital → volume → fee stability → builders → more capital.

The sequencer made it mechanical.

@arbitrum runs 15–20 TPS with predictable finality; nearly twice Optimism’s realized rate.

Reliability compounds invisibly, and with Ethereum’s Fusaka upgrade expected to cut DA costs by 30%, sequencer margins expand further.

Its moat now rests on three layers:

➤ Liquidity density: deep collateral markets.
➤ Composability: Orbit chains and Stylus extensions without fragmentation.
➤ Credibility: RWA and restaked $ETH using it as a base.

@Optimism leans on governance unity, @base on retail funnels.

@arbitrum does what matters most: makes liquidity stay.

Velocity is the moat. Capital moves efficiently inside its walls and rarely leaves. Volume feeds reliability, reliability feeds trust, and that trust keeps the loop spinning.

Layer 2s aren’t competing on tech anymore, they’re competing on gravity. And that center of mass is still @arbitrum.

When I first heard about DeFAI, it sounded like one of those futuristic buzzwords, maybe it was too abstract or too early.

Watching it unfold over the past few months, i’ve realized it’s making sense now, especially in the data..

..this brings me to @Velvet_Capital 🧵

October broke “Uptober” trend.

Instead of seasonal gains, crypto saw one of its largest deleveraging events in history.

➤ Total mcap: $4.27T → $3.38T (-24.1%)
➤ Leveraged liquidations: $19B (1.6M traders)
➤ Spot drawdown: $888B erased
➤ Stablecoin supply: $308.7B (ATH)
➤ $BTC inflows (US): $3.6B in October

The 10/10 crash flipped risk sentiment.

Geopolitical tension and rate cut ambiguity pulled liquidity toward safety, not speculation.

Yet the structural bid remains. Institutions are still accumulating $BTC despite the drawdown.

Volatility purged excess leverage.
Conviction capital is what’s left.

That’s how every cycle resets its base layer.

Do you know that the biggest inefficiency in perps is it’s funding and not even execution?

No one could hedge funding properly until Boros came along..

..now read on🧵

Every yield market hides a quiet cost, the price of belief.

TradFi calls it the credit spread.

In tokenized finance, it’s the credibility spread i.e the gap between assets that borrow trust and those that inherit it.

Most rwas still live on rollups and wrapped chains, each bridge and oracle adding latency to confidence, a hidden credibility tax.

In a $16t market, that’s a margin that compounds.

@ArchNtwrk closes that gap.

Its ArchVM runs inside btc’s UTXO model, and its verifier network anchors proofs directly to btc’s base layer where there’s no bridges, no custody risk, no borrowed finality.

Every transaction inherits Bitcoin’s settlement.

That’s how yield stops leaking and credibility becomes the yield itself.

ever tried building in web3 and it feels like chaos? 😩

@EndlessProtocol fixes that, an AI powered, modular infra layer that makes dApps fast, secure & effortless.

tge drops nov 11

$111M raised | $1B+ val | certik-audited | partners: alibaba cloud, stability ai, surrey uni

$EDS is 85% community owned.

join the giveaway + early airdrop 👇

Every market cycle starts with a seemingly premature story that becomes true, evolving by prioritizing price, then product.

x402 proves speculation is vital pre-capital, not just distraction 🧵

Hyperliquid and BNB Chain now dominate Layer-1 fee generation.

> @HyperliquidX share: 40% of all L1 fees
> BNB Chain share: 20%
> Solana share: down to 9% (from 50% earlier this year)
> Memecoin volume: −72% since April
> Derivatives volume: +88% QoQ across major venues

The rotation is structural.
Memecoins drove speculative bursts. Derivatives sustain recurring flow.
As volatility returned, liquidity migrated to venues where execution mattered more than hype.

BNB captured retail via #Binance Wallet and Aster.

@HyperliquidX captured traders via depth and low-latency perps.
Solana, without a new speculative driver, lost fee density.

Execution replaced speculation as the main value engine.
That’s the new onchain fee hierarchy.

I love how onchain trading is becoming effortless lately.

We used to chase charts across a dozen DEXs now we can trade any token across $ETH, $SOL, $BNB & base in one place.

And bitget just made it even better:

➤ onchain trading comp (Szn 70) is live
➤ trade on BSC, share 200,000 USDT
➤ up to 5,000 USDT each

I’ved joined in, let’s see how far we can push onchain together

🔗

I have been tracking @lbtcfoundation since the early teasers and today marks the official leap

Launched on BitMart, featured on https://t.co/5hWWeFuqgR and already teasing more listings ahead 👀

Its not your regular Bitcoin token… it’s one of the first serious plays pushing BTC into the L2 era

📊 chart looks fire!

grab the BitMart banner + let’s talk about what’s next for the Bitcoin ecosystem

➡️

I personally love when trading isn’t just about numbers but also its rhythm, instinct and timing.

The season 14 of the trading club championship is live and this time, the stage is bigger:

➤ 120,000 BGB in rewards.
➤ 2 tracks i.e spot & contracts.
➤ top traders can win up to 2,200 BGB each.

Everything these days isn’t only “profit profit”, it’s about proving your edge strategy, patience and your art of execution.

So i’ll advice you jump in now, check your live rank and let your trades do the talking

👉 Full details:

I’ll always say, when the market goes dark, crypto stays on!

Focus: prediction market & macro analysis 🧵

DeFi perpetual volume just crossed $1.24 trillion in the past 30 days; a new all-time high for decentralized derivatives.

➤ @HyperliquidX: $316.4B
➤ @Lighter_xyz: $259.3B
➤ @Aster_DEX: $178.2B
➤ Open Interest: $16.8B
➤ 24h perps volume: $45.7B
➤ Chain leader (OI): Hyperliquid with $7.5B

CEXs still dominate total flow; Binance and Bybit alone cleared over $96B in the last 24h, but DEXs are no longer niche.

Liquidity depth, leverage access, and product design are converging fast.

One that impressed me is @OstiumLabs on @arbitrum, which cleared $4.3 B in 30 days while letting users trade FX, metals, energy, and RWAs directly from their wallets.

Overall, @arbitrum processed $18.16 B in perps volume during the same period, showing how L2 execution is now driving the derivatives wave.

The reflexive loop is forming:
more traders → tighter spreads → deeper liquidity → higher volume.

That’s the decentralized derivatives flywheel.