Everyone’s tried to launch a Bitcoin-backed stablecoin. Mos | THEDEFIPLUG on Binance Square

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Everyone’s tried to launch a Bitcoin-backed stablecoin.
Most failed quietly.
A few never even shipped.
None have scaled.
But $bvUSD? They might be onto something. 🧵

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The L1 space is crowded. Dozens of chains are competing for attention, liquidity, and builders. But very few have figured out how to retain users, not through grants or hype, but through smart, aligned design. Sonic has. And it's working. 1/ Real Onchain Activity Sonic’s growth isn’t theoretical. It’s visible, measurable, and on-chain. • Ecosystem tokens like $SHADOW, $BEETS, and $ANON are generating fees, growing TVL, and getting top-tier listings • Daily active users and transactions are trending up • Bridged $USDC, TVL inflows, and chain revenue are accelerating • $S is fully unlocked, a rare structure at this level of adoption This is not a chain running on speculative TVL. It’s real usage from real economic activity. 2/ Airdrop Incentives That Actually Work Airdrop Season 2 changes the playbook. Instead of passive farming or wallet games, rewards are tied to actual activity: -> LPing, lending, and interacting with Sonic-native protocols -> Loyalty is rewarded with a 3x multiplier for consistent users -> Season 1 sets the baseline, but Season 2 is where habits are formed It's incentive design that shapes behavior and strengthens protocol retention at every level. 3/ A Flywheel That’s Compounding Sonic isn’t just attracting users. It’s locking them in. • Users earn → Protocols see traction → Devs monetize via FeeM • Builders stay → More apps launch → Liquidity deepens And the cycle continues What makes this flywheel work is that every layer reinforces the next. It’s not fueled by grants or mercenary capital, it’s built on aligned value flows. 4/ A Setup For Repricing Despite all of this: -> $S still trades below many L2s with no working ecosystem -> Its volume-to-market cap ratio is among the strongest in the L1 space -> There’s no future dilution to price in When the market returns to fundamentals, Sonic won’t stay off the radar.

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There’s a massive blindspot in Web3: data sovereignty. RWA, AI, and DePIN are trending, but data infra is the bottleneck. @CESS_Storage is quietly solving: → MDRC = On-chain data rights → PoDR² = Disaster-proof storage → AI-LINK = Privacy-safe AI training infra They’ve already: + Partnered with Oracle + Led IEEE's decentralised storage standard + Hit 45PB+ capacity Add institutional support + upcoming TGE...The narrative alignment is perfect. I'm watching closely

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Back on Sept 25, 2024, with $BTC at $63K, I called for $100K per $BTC. And it smashed it before year-end. But that wasn’t the top. That was ignition. Now I'm calling $400K and here's why the data backs it. [🧵]

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This Week’s Alpha Allocation, @HyperliquidX • Sector: Decentralized Perp DEX + Layer 1 • Token: $HYPE → Project Insight Hyperliquid is the first high-performance Perp DEX built directly on its own custom Layer 1, a rare combo. No bridging, no gas fees, no waiting. Its blazing-fast chain supports real-time trading with full decentralization. Built for scale, trusted by power traders. • Custom L1 infra • CEX-like speed • No native gas token • Zero-knowledge proofs for decentralized custody → Catalyst 1. $HYPE broke past $44.76, up 25% in a week, and still surging higher. 2. Hyperliquid TVL surged from $1.7B → $2.24B, showing sticky capital inflow. 3. OI Explosion: $BTC Open Interest hit $3.7B+, with bullish long-to-short ratio of 1.3 highest in a month. 4. Whales Are Buying: • Tony G Co-Investment Holdings bought $438K worth of $HYPE. • Whale scooped 715K $HYPE ($29.47M) last week. 5. Strong Dev Ecosystem: Stablecoin architecture, fast-growing dApp layer, and increasing adoption. → Price Prediction Key Support: $38.5 Just cleared previous ATH: $44.76 Next Target: • $46.35 (141% Fib extension) • $50 psychological level Longer term: If velocity holds, $100 is a stretch target but plausible given OI, demand, and macro trend. → Rotation Narrative Perp DEXs are evolving fast. • GMX pioneered low-fee DeFi-native perps. • dYdX v4 scaled, but fragmented liquidity and UX. • Hyperliquid? It’s a different play: one chain, one experience, no compromises. It doesn’t mimic CEX infra it competes with it on CEX terms. That’s new. And in a space where trust in centralized exchanges is degrading, while rollup complexity keeps rising....a vertically integrated, low-latency, custody-native chain has a strong case.

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This Week’s Alpha Allocation, @HyperliquidX • Sector: Decentralized Perp DEX + Layer 1 • Token: $HYPE → Project Insight Hyperliquid is the first high-performance Perp DEX built directly on its own custom Layer 1, a rare combo. No bridging, no gas fees, no waiting. Its blazing-fast chain supports real-time trading with full decentralization. Built for scale, trusted by power traders. • Custom L1 infra • CEX-like speed • No native gas token • Zero-knowledge proofs for decentralized custody → Catalyst 1. $HYPE broke past $44.76, up 25% in a week, and still surging higher. 2. Hyperliquid TVL surged from $1.7B → $2.24B, showing sticky capital inflow. 3. OI Explosion: $BTC Open Interest hit $3.7B+, with bullish long-to-short ratio of 1.3 highest in a month. 4. Whales Are Buying: • Tony G Co-Investment Holdings bought $438K worth of $HYPE. • Whale scooped 715K $HYPE ($29.47M) last week. 5. Strong Dev Ecosystem: Stablecoin architecture, fast-growing dApp layer, and increasing adoption. → Price Prediction Key Support: $38.5 Just cleared previous ATH: $44.76 Next Target: • $46.35 (141% Fib extension) • $50 psychological level Longer term: If velocity holds, $100 is a stretch target but plausible given OI, demand, and macro trend. → Rotation Narrative Perp DEXs are evolving fast. • GMX pioneered low-fee DeFi-native perps. • dYdX v4 scaled, but fragmented liquidity and UX. • Hyperliquid? It’s a different play: one chain, one experience, no compromises. It doesn’t mimic CEX infra it competes with it on CEX terms. That’s new. And in a space where trust in centralized exchanges is degrading, while rollup complexity keeps rising....a vertically integrated, low-latency, custody-native chain has a strong case.

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