I’ve become ultra bearish on anti-memecoin/anti-speculative-use-cases doomers (I used to be one myself) Being a gambling doomer is low-cost status All of finance sits somewhere on the speculation spectrum Young people take more risk and older people take less, this is simply how human brains work If only the lowest risk use cases but none of the highest risk use cases for digital money move onchain, it isn’t possible to win because technology revolutions are led by young people The kids that grow up with crypto are the ones that will make it the default in society We need to meet these young people where they are, not force upon them a vision for what we think is dignified

One of the largest Solana communities in the world is in Ireland, and @SuperteamIE rented a literal castle (@cstldao) for 150 builders in August. I'll be there for a few days and would love to see you there as well. Join us:

Equity perps, earnings season, $25k Busiest week of the quarter for equities, and they're tradeable as perps on @PhoenixTrade. The first perps campaign is now live on Frontier Traders with two leaderboards: total PnL and volume Powered by @torqueprotocol

YouTube, Airbnb, eBay. Democratizing tech platforms usually port over the old activity/supply that existed before they were created. But the most exciting, breakthrough, is the new stuff that starts happening that wasn't possible before. Love to see this —

There is truly something remarkable happening on @solana with exotic assets/longtail assets that I think is the truest example of how internet capital markets expands the TAM of finance Collector crypt, phygitals, gacha sports et al are directly contributing to the boom in Pokemon & sports cards Beezie is bringing luxury handbags & fashion as well as cardboard We have watches, fossils, hot wheels, domain names, whiskey, tickets, olive oil, maple syrup and more now or coming soon Within each of these categories, you have an incredible value prop for crypto: - Aggregated global supply & liquidity improves discoverability for niche communities - Tokenization & vaults contributes to trading being more marginally profitable, no need to ship and settle constantly - Lending lets owners borrow USD against their assets, contributing to less perpetual sell pressure - Liquid global markets improve price discovery, meaning people can own at fair value instead of getting gauged in shows and auctions (and pay significantly less fees) - Fractionalization expands buyer audience from 1 needle in haystack buyer to many retail constituents making directional bets There's still a ton of untapped opportunities here, probably representing hundreds of billions in TAM. Have yet to see robust plays in art, or exotic cars, or wine, stamps and coins. The list goes on. If you're building in exotic categories on any chain I would love to hear from you.

.@PhoenixTrade just crossed $1b in all-time perpetuals volume, all unincentivized. A big milestone, and obviously still a very long way to go. Thanks to all the traders that make Phoenix what it is today. Now it's time to turn on the spigot.

20 years after winning the WSOP Main Event, we caught up with @RealJamieGold! We talked about: -His advice for the Final Nine of the 2026 WSOP Main Event -His work organizing celebrity charity poker tournaments -His excitement for the WSOP’s partnership with @solana Read the full story 👇

This week sovereign wealth-backed capital came onchain, retail giants opened Solana to 8M+ households, and tokenized asset volume smashed another all-time high. Here's everything that shipped: 📰 Headline News - Morgan Stanley made Solana available to eligible E*TRADE clients, opening access across 8.7 million households - @Mubadala Capital’s Alternative Solutions Fund went live on Solana via @KAIO_xyz - @tryramp opened 24/7 stablecoin accounts and payments settling on Solana 📰 Launches - Intel tokenized stock ($INTC) went live via @Backpack Securities and @sunrise - @jtx_trade opened its unified trading surface for majors, memes, and RWAs to everyone - @LayerZero_Core and @KeetaNetwork brought tokenized bank deposits to Solana - @MetaMask activated gasless Solana swaps, covering gas fees for trades over $200 - @Lexur launched in public beta, aggregating Solana perps across Pacifica, Jupiter, Bullet, and more - @dopplerprotocol went live on Solana Mainnet - @hylo_so shipped xBTC, bringing liquidation-resistant 3x BTC exposure onchain - @Bulletxyz launched 24/7 trading with up to 10x leverage for metals, oil, and chipmakers - @trydapital debuted Dapital, a social trading network for RWAs, memes, and tokens - @altitude introduced Altitude Accounting to automate transaction classification - @Thea_AI launched AI inference routing and settlement on Solana - @RyderWallet added native SOL staking on Ryder One via @Meria_Finance and @yieldxyz - @CandyDigital enabled true self-custody for digital collectibles on Solana - @meleemarkets unveiled Parimutuel Market Maker (PMM) design for permissionless prediction markets - @Pumpfun introduced BOOST mode to reinject post-migration liquidity into token buybacks and burns - @risedotrich enabled cross-chain swaps to Solana powered by @deloraprotocol - @Beezie went live with zero-recycled-slab claw machine collectibles - @BananaZoneApp shipped Paid Play for @solanamobile users with real rewards - @streamflow_fi enabled NFT locking for time-bound collectible custody - @backyard_fi kicked off Backyard BBQ: Season 0 for yield rewards - @cleopetrafun launched Thesis Index to trade macro theses via prediction market baskets - @flint_trade_ launched streamlined liquidity quoting for Solana market makers - @tapmapfun launched Treasure Hunt for local business check-ins and rewards - @machinedotfun, @codecopenflow, and @peaq opened applications for The Foundry, a Physical AI accelerator - @TryNoahAI opened waitlists for Noah Accelerate to support Solana builders - @magicblock and @SuperteamMY opened applications for their VIP builder program - @fairdotclub partnered with @LaFamilia_so to expand private capital formation 📰 Milestones - Tokenized-asset trading volume on Solana reached a record $5.8B in Q2, up 114% QoQ - @byreal_io surpassed $4B in total trading volume - @kamino’s OnRe Market passed $200M in total market size - @humafinance PST crossed $200M market cap - @ExponentFinance crossed $120M TVL - @usdgo_official crossed $1B in circulating supply in 5 months - @Beezie reached $2M in total volume across 5965 claw pulls - Solana consumer card top-ups reached a record $94.32M in a single month in Q2 - @fomo logged 17.4K active daily traders executing on Solana If you enjoyed this week’s newsletter, please share it with an RT. Artwork by @Suffoca 🔥

Just spoke to a founder doing ~$1M ARR who is raising capital. He does not want to raise from VCs. He wants to raise on @MetaDAOProject because he sees the investor base as distribution. This is the core shift taking place. For some companies, they are realizing the best capital is not passive. It is customers, users, and believers with skin in the game.