first of all, this article is a genuinely good research the on-chain numbers, the pad-by-pad split, and the robinhood contrast are laid out carefully enough that i actually changed how i was reading arc’s first two days I already concluded that arc chain is failing because it tried to copy @RobinhoodCrypto but that was wrong what i took from it is that @arc was never built as a meme venue usdc gas, poa validators that include blackrock, dtcc, visa and mastercard, and official talk about payments, tokenized markets, fx and agent activity @circle makes its money on usdc reserves, not per-trade fees. a memecoin season barely touches that p&l and just sits awkwardly next to those institutional partners that’s why i insist arc chain had no business with memecoins reading it next to robinhood made the difference obvious tenev and kerbrat said out loud that memes bring liquidity and the degen users who are hard to move, while robinhood still collects trade revenue they framed it as a barbell: they had rwas on one side, speculation on the other circle on the other hand never gave that kind of support. the closest thing was a product vp posting a dog token on launch day so here is what happened: permissionless apps filled a vacuum circle left open launchpads showed up anyway, liquidity broke across different curves while platform tokens ate a huge chunk of day-one volume, we had a number of cases involving rugs and scams which is really bad for a new chain but that doesn’t read to me like circle tried to copy robinhood and failed. it reads like the market ran a robinhood-style launch onto a chain whose owners never signed up for that ggs @schemacap

most leverage on hyperliquid lives inside a perp position, you manage margin, you watch a liquidation price, and your actual leverage drifts as the trade moves, a winning 5x can quietly become something closer to 1.4x by the time the trend matures @BounceTech takes that same underlying, a hyperliquid perp, and wraps it as an erc-20 token instead. buy it with usdc, hold it in your wallet like any other token, and the protocol rebalances the backing perp to keep you near your target leverage, no liquidation price to babysit on the holder's side up to 10x, over 200 assets, constant leverage instead of leverage that decays as pnl moves worth knowing the tradeoff too, that rebalancing is what removes liquidation risk, but it also means chop can cost you through volatility decay even if price ends up flat so it's not free, just a different set of mechanics than a normal perp

if you’re building in web3, here are 5 things you need to get right: - solve a real problem. focus on finding real PMF. don’t sell some crazy future that doesn’t exist yet. find something people already do inefficiently and figure out how to make it better, faster, or cheaper without them even needing to understand the tech behind it - why web3? you should have a very clear answer for why this needs to be built on web3 and why web2 can’t solve it just as well. people don’t need a crypto Notion. but people transfer huge amounts of money through centralized systems with high fees and slow settlement. if crypto can make that meaningfully cheaper and faster, that’s a real use case - what’s your defensibility? what makes you different? why can’t another good team just build the same thing? what’s your leverage or unfair advantage? if it’s the team, don’t just show logos of companies you’ve worked at. explain what you actually built, achieved, or learned there that gives you an advantage now - how will you get users? probably the most underrated point. almost nobody talks about distribution, but it’s one of the most important parts of building in web3. a lot of web2 paid channels either don’t work well for crypto or have restrictions, while many web3-native channels are difficult to scale predictably. so you need a real answer for how you’ll acquire users and scale. “we’ll grow on X and run an airdrop” isn’t a long-term distribution strategy - the token should be leverage, not exit liquidity. build a real business with real revenue first. the token can add utility, incentives, or another advantage to something that already works. but it should be an addition to the business. “we raised at $10M and plan to list at $15M” isn’t going to impress a good VC build something people actually need then figure out where crypto gives you an unfair advantage

most leverage on hyperliquid lives inside a perp position, you manage margin, you watch a liquidation price, and your actual leverage drifts as the trade moves, a winning 5x can quietly become something closer to 1.4x by the time the trend matures @BounceTech takes that same underlying, a hyperliquid perp, and wraps it as an erc-20 token instead. buy it with usdc, hold it in your wallet like any other token, and the protocol rebalances the backing perp to keep you near your target leverage, no liquidation price to babysit on the holder's side up to 10x, over 200 assets, constant leverage instead of leverage that decays as pnl moves worth knowing the tradeoff too, that rebalancing is what removes liquidation risk, but it also means chop can cost you through volatility decay even if price ends up flat so it's not free, just a different set of mechanics than a normal perp

first of all, this article is a genuinely good research the on-chain numbers, the pad-by-pad split, and the robinhood contrast are laid out carefully enough that i actually changed how i was reading arc’s first two days I already concluded that arc chain is failing because it tried to copy @RobinhoodCrypto but that was wrong what i took from it is that @arc was never built as a meme venue usdc gas, poa validators that include blackrock, dtcc, visa and mastercard, and official talk about payments, tokenized markets, fx and agent activity @circle makes its money on usdc reserves, not per-trade fees. a memecoin season barely touches that p&l and just sits awkwardly next to those institutional partners that’s why i insist arc chain had no business with memecoins reading it next to robinhood made the difference obvious tenev and kerbrat said out loud that memes bring liquidity and the degen users who are hard to move, while robinhood still collects trade revenue they framed it as a barbell: they had rwas on one side, speculation on the other circle on the other hand never gave that kind of support. the closest thing was a product vp posting a dog token on launch day so here is what happened: permissionless apps filled a vacuum circle left open launchpads showed up anyway, liquidity broke across different curves while platform tokens ate a huge chunk of day-one volume, we had a number of cases involving rugs and scams which is really bad for a new chain but that doesn’t read to me like circle tried to copy robinhood and failed. it reads like the market ran a robinhood-style launch onto a chain whose owners never signed up for that ggs @schemacap

Ah now I see why Zora had to change CEOs, congrats @js_horne Think everybody knows Prediction Markets as an ecosystem are here because of how much effort Polymarket put into getting it right early on—so clearly, there’s some positive foundations to work with. Two issues I’d say led to why we’re even here working our ways through to how revive some parts of the platform is because, 1) Users expected a token reward which could have helped create a natural flywheel for some of the most active users such as Market Makers and ability to participate in network votes especially for a platform with two-sided resolution functionality 2) Too many bottlenecks for builders - People outside Polymarket’s immediate circle genuinely find it really hard to build specific functionality because the platform API endpoints barely make it possible to build more than a Trading DEX frontend. The Orderbook doesn’t allow for effective streaming of live data to set up strategies and the execution point also doesn’t make it easier as well If these two things get fixed asap, I’m sure the platform ecosystem will be back to as vibrant as it, not too long ago was