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💵🌱 @a16zcrypto led @phantom's $9m Series A round in 2021.
Four years later, the wallet company generates ~$500k in revenue per day.
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on blockchain switching costs & value capture: ~$100b in VC funding has entered crypto across ~6,000 investment rounds yet, only 3 chains have $20b or more in Ecosystem TVL
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🚨 BREAKING: Quarterly USDT transfer volume on @trondao reached an all-time high of $1.93 trillion in Q2 '25.
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🚨 The @ycombinator-backed @AxiomExchange makes ~$1.7m in revenue per day. Axiom is a trading platform built on @solana.
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🚨 BREAKING: Quarterly stablecoin transfer volume on @ethereum surpassed $4 trillion in Q2 '25. An all-time high.
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Outside of TRON and Ethereum, @solana and @Aptos are the fastest growing transport layers for USDT.
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