Genny 克鲁兹

Most people think connecting a wallet to a dApp is simple… until they actually try. Different blockchains, endless wallets, thousands of apps, and suddenly everything feels complicated. That’s where WalletConnect steps in. Since 2018, it has been the universal bridge that lets wallets and dApps connect securely and smoothly.

Today, WalletConnect connects over 600 wallets with 65,000 apps, powering more than 300 million connections for 47.5 million users across the world. Its open source and chain agnostic design work with Ethereum, Solana, Optimism and many more. With end to end encryption, your keys stay safe while you just scan a QR code or tap a deep link to connect.

Why this matters for developers and users?

For developers, one simple integration opens the door to hundreds of wallets. For users, the experience is clear and reliable, with easy multi chain interaction. The network effect keeps growing stronger.

And then there’s $WCT . Live on Optimism and Solana, the token powers governance, staking and incentives. The community votes on upgrades, staking helps secure the network, and the system stays decentralized and sustainable.

WalletConnect isn’t just a tool. It is the gateway to Web3. Just like browsers opened the internet to the world, WalletConnect is doing the same for decentralized apps. Its rise shows this is not only important for today but essential for the future.

@WalletConnect #WalletConnect $WCT

Para mí, esa prueba es WalletConnect’s $WCT .
¿Por qué? Porque tiene demasiadas señales de ser una inevitabilidad a largo plazo:

• Una base de usuarios masiva, conectando más de 500 billeteras y más de 45 millones de usuarios activos mensuales, casi la entrada principal a todo Web3

• Grandes avances técnicos como EIP-5792 que convierten operaciones complejas en un clic, además de la API de Notificación que resuelve la retención de usuarios de manera estandarizada

• Motores duales que impulsan la demanda, con Base + Coinbase para el cumplimiento y Upbit para el impulso minorista asiático

Ya viste las noticias: WCT se lanzó en Base, Coinbase abrió la página del activo, el equipo anunció avances en la experiencia del usuario y la hoja de ruta llegará en Upbit. El bombo a corto plazo está en su punto máximo, ahora la prueba es si puede cumplir.

In crypto, whether a token can carry real cash flow decides if it remains a narrative chip or evolves into a value asset. Over the past few years, we’ve seen countless “dream rate” projects that sparked briefly and then collapsed for lack of sustainable revenue.

BounceBit Prime takes a different path. Its design ties institutional-grade returns directly into token economics. BB is not just an incentive tool for security, but an anchor for distributing cash flow. Let’s break down how its economics are built, how value flows back, and whether the capture logic holds.

1. Issuance framework and core roles of BB

Public data shows:

• Total supply capped at 2.1 billion BB

• Distribution through incentives, team and investor allocations, community pools

• Supports PoS and restaking with BTC

From this, BB carries three functions:

Security — validation and PoS incentivesGovernance — distribution and strategic decisions within PrimeValue — anchoring growth through buybacks and cash flow reflows

2. Value transmission from Prime to BB

Prime’s cash flow channels:

Sources of income — tokenized treasury funds (BENJI, BUIDL) and strategy returns (basis, options, arbitrage)Fee model — management and performance fees, with some costs for custody and auditingReflow mechanism — a share of net income enters the Treasury, then is used for BB buybacks, burns, or dividends, governed by adjustable parameters

This resembles a hybrid of share repurchase plus dividend models in traditional finance — but with greater transparency and traceability thanks to on-chain execution.

3. Cash flow valuation logic

Using a simplified DCF-style approach:

Net Cash Flow (NCF) = (Prime revenue × fee ratio) – costsToken capture = NCF × (buyback ratio ÷ circulating supply)

Example scenario:

• Prime scale: 5B USD

• Average return: 12%

• Fee ratio: 10% → NCF ≈ 60M USD

• 50% allocated to buybacks → 30M USD

• Circulating market cap: 1B USD → ~3% cash flow yield

The key takeaway: as Prime’s AUM scales, BB’s value anchor strengthens proportionally.

4. Supply-side dynamics

Cash flow capture must balance against supply pressure:

• Unlock schedules for team and investors may create sell pressure

• High PoS incentives risk inflation and dilution

• If buyback pace < unlock pace, net value capture weakens

This is why unlocking curves and net issuance trackers are vital for investors evaluating sustainability.

5. Positioning vs. peers

EigenLayer: tightly tied to security, but weaker on cash flow redistributionOndo: focuses more on governance and ecosystem incentives than direct cash flow bindingBNB / OKB: strong buyback programs, but off-chain and opaque compared to BB’s on-chain traceability.

BounceBit stands out by blending TradFi-style yield distribution with DeFi transparency.

6. Risks and execution gaps

Key risks to monitor:

• Transparency — if buybacks and reflows aren’t verifiable, credibility fades

• Fee complexity — excess custody or audit costs could erode net income

• Governance conflicts — different stakeholders may push for different repurchase vs. incentive splits

Improvements could include:

• Quarterly transparency reports, akin to financial earnings

• On-chain dashboards tracking buyback execution in real time

• Long-term policy commitments for buyback ratios to reduce governance friction

7. Conclusion: BB as a financial asset token

BounceBit’s model fuses institutional yield with crypto-native transparency. If Prime continues scaling and reflow mechanisms remain consistent, BB can evolve from a story-driven token into a true value token.

The direction is clear: BB is shifting toward financial-asset status, where valuation aligns more with discounted cash flow than speculative hype. This evolution could reshape how DeFi integrates institutional capital at scale.

@BounceBit #BounceBitPrime $BB

Everyone calls it a win, but the truth is more complicated. The short pump is easy to see, the long-term impact is what actually matters.

On September 11, 2025, Dolomite’s token $DOLO went live on Coinbase. Price spiked for a moment then quickly cooled off. A reminder that hype fades fast. To really understand the Coinbase effect, you need to look deeper into liquidity, user base, and valuation logic.

Event recap: price and reaction

• On launch day DOLO jumped over 25 percent to 0.046

• Within two days it slipped back to the 0.038–0.040 range

• Volatility above 40 percent, classic positive-news landing

This shows:

• Market expectations get priced in early

• Profit taking hits fast

• The deeper impact is yet to show up

Liquidity side: depth and market makers

• DEXs often leave long-tail tokens with thin depth and big slippage

• Coinbase brings steadier depth and tighter spreads

• Pro market makers like Wintermute and Jump step in to keep orderbooks alive

• Together with Dolomite’s on-chain protocol revenue, DOLO shifts from small coin status to a more configurable compliant asset

User structure shift

Before: mostly retail traders and DeFi players on DEXs, relying on LPs and incentives

After: Coinbase adds compliant US investors, some small funds, family offices, and people who trust “if it’s on Coinbase, it’s vetted”

Over time: the user base diversifies, institutions might hold DOLO as a DeFi cash flow token, adding stability to valuation

Valuation logic changing

Before listing: DOLO was mainly an incentive story token, tied to DRIP hype, too volatile for long-term holders

After listing:

• Investors look at fees, revenue, and P/S multiples

• Coinbase adds compliance credibility

• Like GMX after its listing, DOLO could shift from narrative-driven to cash flow driven valuation

Comparisons

GMX: listed 2022, big volatility at first, later stabilized around P/S 20–25, became a true cash flow protocol token

Aave: early listing, strong overlap with CEX users, turned into DeFi blue chip

DOLO: current market cap around 41.86M, annualized revenue 2.74M, P/S 15.3, healthy but still small. Listing gives long-term liquidity support, could follow GMX’s trajectory

Risks to watch

• Short-term volatility from speculators

• Liquidity dependent on a few market makers

• Regulatory uncertainty in the US

Investment takeaways

Short-term: ignore the noise of price moves, focus on depth and liquidity

Mid-term: user base expands, valuation logic links more to cash flow

Long-term: if revenue stays strong, DOLO can gain premium and even move toward blue chip status

Conclusion

Coinbase is not just about a price pump. For Dolomite it means deeper secondary market liquidity, new compliant investors, and a shift in valuation logic from hype to real cash flow. The listing marks a step toward structural revaluation and shows how a DeFi token can grow from niche to institution-ready.

@Dolomite #Dolomite $DOLO

La verdad es que ganan al ser diferentes. Por eso Pyth y Chainlink no solo compiten en velocidad, sino en cómo conectan datos, modelos de negocio y el valor del token.

1. Fuentes de datos: de primera mano vs agregación de nodos

• Chainlink: Recoge de muchos operadores de nodos, luego agrega. Más seguro y con amplia cobertura, pero más lento y a menudo indirecto.

• Pyth: Obtiene datos directamente de más de 125 intercambios e instituciones. Más rápido, más auditable, pero más dependiente de los grandes jugadores.

👉 En momentos volátiles, la alimentación directa de Pyth reduce el riesgo de liquidación. Chainlink sigue ganando en cobertura y cumplimiento.

¿Alguna vez has notado cómo las stablecoins se sienten como la línea de vida de DeFi, pero en el momento en que intentas moverlas entre cadenas todo se desordena? Ahí es donde Mitosis entra con una idea fresca: Activos Hub. ¿Podrían convertirse en el próximo estándar de liquidación entre cadenas?

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1. Los problemas con las stablecoins hoy

• USDT y USDC dominan el mercado, pero son completamente centralizadas

• Sus versiones en diferentes cadenas no se comunican entre sí

• Los puentes añaden riesgos y los tokens envueltos complican aún más las cosas

• Las instituciones dudan porque las operaciones y los riesgos son desordenados

¿Alguna vez te has preguntado por qué GameFi 1.0 se disparó como un cohete y luego desapareció tan rápido? La verdadera pregunta ahora es: ¿dónde nacerá el primer juego verdaderamente jugable en la cadena?

Creo que Somnia podría ser la cadena donde GameFi 2.0 finalmente despega. Su diseño combina alta concurrencia, baja latencia e interacción de activos en tiempo real — la base exacta que faltaba en experimentos pasados.

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1. Por qué GameFi 1.0 fracasó

En 2021, la gente llamaba a GameFi el punto de entrada a Web3, pero estaba condenado:

• Las cadenas eran demasiado lentas y débiles, por lo que la jugabilidad tenía que permanecer simple como "misiones diarias"

Esa es la verdadera pregunta para OpenLedger. El valor de $OPEN no vendrá de la teoría, sino de si las empresas realmente utilizan su libro mayor, atribución y sistemas de compensación. En este momento, veo cuatro industrias donde esto puede suceder: finanzas, atención médica, industria y educación.

01｜Finanzas: el cumplimiento lo hace necesario

Los bancos, corredores y administradores de activos necesitan IA pero enfrentan estrictas reglas de explicabilidad. OpenLedger proporciona:

• Atribución de datos con ingresos transparentes para los proveedores de datos

• Llamadas a modelos auditables, cada verificación de riesgo y señal de comercio deja evidencia en la cadena

¿Qué pasaría si los activos del mundo real en la cadena dejaran de ser solo una historia y realmente comenzaran a funcionar como un mercado institucional?

Eso es lo que Plume está tratando de demostrar. En solo unos pocos meses, ha reunido las piezas que faltaban: mainnet, liquidación nativa, mensajería entre cadenas, herramientas de cumplimiento, en un L1 de pila completa construido para RWAfi.

I. Posicionamiento de Plume

La primera etapa de RWA fue solo la tokenización, pero la tokenización por sí sola no resuelve la liquidez o el cumplimiento. Plume se define a sí misma como infraestructura RWAfi, convirtiendo activos tokenizados en productos financieros negociables, liquidables y distribuibles.

Ese es el desafío para Boundless. No se trata de si hay demanda, se trata de si puede destacar en una carrera contra StarkWare, EigenLayer, Scroll y ZkSync.

Desglosémoslo:

Contra StarkWare, Scroll, ZkSync

StarkWare se apoya en la tecnología STARK, ofreciendo una fuerte escalabilidad pero permaneciendo limitado a Ethereum.

Scroll y ZkSync persiguen zkEVM, alto TPS y ecosistemas amigables para herramientas, pero todavía están atados a una sola cadena.

Boundless, por otro lado, ofrece poder de prueba como un servicio compartido. Piensa en zkVM + PoVW que cualquier aplicación o cadena puede alquilar. Más como una nube ZK entre cadenas que un solo rollup.

That’s exactly what Holoworl@undefined is shaping with its Agent Market. Many still see it as just an AI content platform, but that misses the real story.

The Agent Market turns creators’ work—characters, scripts, shots, even AI agents—into tradable units. These aren’t just digital files, they’re financial assets, where fans and investors can buy in early and share the upside if the IP succeeds. It works like option contracts in finance, where future value and volatility drive the price.

Here’s what makes it interesting:

• Creators mint their work as on-chain assets (NFTs or token certificates)

• Fans and investors can trade them and bet on future popularity

• When revenue comes in later, it’s shared with holders

This flips the model. Creators don’t need to depend only on ads or platforms, and investors get a new way to speculate on cultural hits.

Like the options market, it’s a game:

• Creators trade off short term financing with future revenue

• Investors bet on who’s going viral next

• Holoworld takes the middle role with $HOLO as the settlement currency

The numbers hint at big potential. With AI video pipelines producing huge volumes of new IP every week, even small valuations could scale into a massive market—one that doesn’t stay limited to niche creators but could rival NFTs.

Of course, risks exist: bubbles from speculation, creators keeping the best content for themselves, liquidity spread too thin, and copyright disputes in AI work.

But the future possibilities are bigger: IP index funds, IP derivatives, on-chain credit scores, DAO governance for IP promotion. Step by step, content stops being just entertainment and starts being finance.

To me, Holoworld’s Agent Market is more than trading—it’s building the foundation of an IP financial market. And $HOLO sits right at the center as the currency that makes it work.

@Holoworld AI #HoloworldAI

What if trust in Web3 didn’t come from companies or regulators but from the community itself?

That’s exactly what WalletConnect is building. Its Certified program will soon be governed by WCT token holders, creating a seal of approval that’s earned through transparency and community consensus—not handed down by a central authority.

Right now, users face chaos. With 600+ wallets and 65,000+ dApps, it’s hard to know which ones are safe and which ones are traps. A central “approved list” would go against Web3’s core values. The answer is a community-driven standard that evolves as threats evolve.

Through token-based voting, users, developers, and holders can decide the rules for certification. Security audits, transaction clarity, privacy standards, user experience, and anti-phishing measures—these all get shaped by the community itself. When threats change, the rules can change too.

The impact is huge:

Trust – A Certified badge signals that thousands of people have reviewed and approved a project, making onboarding safer.Incentives – Projects stake WCT to get certified. Bad behavior risks losing that stake. Safety becomes the only profitable option.Self-policing – Holders are motivated to watch projects closely. Researchers and auditors get rewarded for catching problems.Network growth – More apps want certification, more users trust certified apps, and WalletConnect becomes the center of safe Web3 interaction.

This isn’t just another feature—it’s a whole new way of building trust. By putting control in the hands of the community, WalletConnect is proving that decentralization can make Web3 safer, stronger, and more reliable for everyone.

@WalletConnect #WalletConnect $WCT

What happens when the fastest-growing financial region in the world meets the most advanced data network?

Asia is now the center of financial growth, and Pyth Network is moving in with a clear plan. This isn’t just expansion—it’s about reshaping how financial data is shared, trusted, and valued across Japan, Hong Kong, Singapore, and beyond.

Pyth isn’t taking a one-size-fits-all path. In Japan, it works with unique local pricing and regulation. In Hong Kong, it bridges mainland markets with global flows. In Singapore, it serves wealth managers, private banks, and fintechs with custom solutions.

Behind the scenes, the tech is built for Asia’s speed. Co-location in Tokyo, Hong Kong, and Singapore powers low-latency trading. The architecture supports blockchains that dominate in Asia, and the algorithms are tuned to reflect local trading sessions, not just Western patterns.

But technology alone doesn’t win Asia. Pyth is building deep partnerships with institutions, regulators, and even universities, while respecting local data rules. This is how trust is built in markets that demand both compliance and innovation.

The results are already showing. Asian institutions are turning to Pyth Pro for transparent, cost-efficient data. DeFi protocols in the region are adopting Pyth’s oracles at a fast pace. Bit by bit, Pyth isn’t just entering Asia—it’s shaping the future of financial data in the world’s most important growth hub.

@Pyth Network #PythRoadmap $PYTH

¿Y si poseer un token no se tratara solo de tenerlo, sino de dar forma al futuro de todo un protocolo?

Eso es exactamente lo que veDOLO hace por Dolomite. Convierte a los poseedores de tokens de observadores pasivos en administradores activos, dándoles un poder real para guiar el crecimiento, la seguridad y el éxito a largo plazo.

Al bloquear DOLO, los usuarios ganan veDOLO, un compromiso que demuestra la creencia en el proyecto. Cuanto más tiempo bloquees, más poder de voto y recompensas obtienes. Esto elimina a los buscadores de ganancias a corto plazo y construye una comunidad que realmente se preocupa por hacia dónde se dirige Dolomite.

En DeFi hoy, la liquidez se siente como pintura que se seca demasiado rápido. Una vez que la apuestes, la bloquees o la LP, está atrapada — ganando rendimiento pero perdiendo flexibilidad.

Mitosis cambia ese guion.

Toma posiciones que generan rendimiento, las tokeniza y las convierte en activos programables que puedes mover, colateralizar y componer a través de cadenas. La liquidez deja de ser frágil y comienza a cobrar vida.

🔹 La idea central

Los vaults de Mitosis emiten miAssets — recibos tokenizados que llevan tanto propiedad como rendimiento. Estos no son boletos de reclamo estáticos, sino activos de primera clase que puedes:

Lo suficientemente rápido para que millones de jugadores vivan en un mundo compartido, con casi sin tarifas y velocidad de sub-segundo.

Ese es el sueño que persigue Somnia. Una Capa 1 compatible con EVM construida para aplicaciones de consumo en tiempo real como juegos, plataformas sociales y metaversos, mientras aún ejecuta los roles de tokens habituales de tarifas, staking y gobernanza.

Somnia (SOMI) se lanzó en mainnet en septiembre de 2025, reclamando más de 1M TPS, finalización instantánea y el tipo de microtransacciones de bajo costo que hacen que web3 finalmente se sienta como web2. Con 1B tokens SOMI fijos en suministro, ~16% desbloqueados al lanzamiento, y respaldo de grandes socios como BitGo y Google Cloud, la cadena se está adentrando directamente en el territorio de la adopción masiva.

¿Quién posee realmente los datos detrás de los modelos? ¿Quién debería ser pagado cuando un sistema de IA tiene éxito? ¿Y cómo podemos probar que el proceso de entrenamiento de un modelo es transparente, justo y auditable?

Ese es el vacío que OpenLedger está ocupando. No es solo otra cadena; está construyendo una “economía de IA pagable” completa, donde cada conjunto de datos, ajuste y agente es rastreado, atribuido y recompensado. Desde Datanets hasta Prueba de Atribución y mercados de agentes, todo está diseñado para hacer que las contribuciones de IA sean verificables y valiosas.