Whop just launched Treasury, a yield feature for their creator payments platform that serves over 21 million users and processes $3 billion in annual payouts.
Creator balances that sat idle now convert to stablecoins and route through Aave lending markets via Plasma. Users never touch a wallet or think about what chain they're on.
Stablecoin supply added a third of its total value this past year to over $306 billion. That growth is being driven by stablecoins becoming invisible infrastructure inside platforms that already have the users.
The protocols that become the default yield and settlement backend for those platforms are competing for the integration layer behind fintechs that already have distribution.
A valuation analysis of Pump Fun and what to expect from launch.
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This thread only scratches the surface. The full report covers much more including a complete valuation analysis, competitive deep dive, launch dynamics, and more.
1/ Pump has quietly built one of crypto's most profitable businesses, generating $780M+ in cumulative revenue with no token incentives.
Even once you take out January's memecoin craze, Pump is still generating around $1.3M per day on average.
That's more than what most protocols make in their entire existence.
AI has blurred the lines of IP ownership. @StoryProtocol thinks blockchain can fix it.
Meet the first IP blockchain reshaping creativity and royalties for the digital age.
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Our full Story report dives much deeper into use cases, infrastructure, and more. Here is the full breakdown.
1/ Traditional IP systems depend on centralized registries and manual enforcement, too slow to track millions of AI-generated works created daily.
General-purpose blockchains aren't optimized either, lacking native support for complex royalty splits and embedding licensing terms into creative assets.
Hyperliquid just dodged a $13.5M bullet—but it exposed a critical flaw in decentralized trading.
Here's how one trader almost broke the system and how we can stop it from happening again.
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1/ An attacker opened a large short position on JELLY, then artificially pumped its spot price, forcing liquidation.
This pushed an unrealized $13.5M loss onto Hyperliquid’s liquidity pool (HLP), as the oracle price spiked from $0.0095 to ~$0.50 per token.
2/ Hyperliquid intervened by delisting JELLY perps and force-settling positions at the original price of $0.0095, protecting HLP and leaving the attacker at a loss.
But rather than just reacting, what steps can Perp DEXs take to mitigate future risks?