Sector L1/L2599 DeFi374 AI362 Ethereum236 ZK218 Privacy138 Tooling128 Market structure127 Perps118 DePIN110 Hyperliquid83 Solana73 Other50 Robotics46 RWA45 Bitcoin42 Memecoins34 Stablecoins30 Macro25 Tokenized stocks24 Prediction markets24 Regulation21 Quantum4
Format Thesis332 Explainer324 Breakdown280 Data185 Market take154 Map110 Build log31 Other20 Article19
Year 2026201 2025468 2024472 2023228 202279 20217
Weight Flagship171 Core738 Minor546
Browse by project → Zero is available for research, campaigns and builds.
View CV → 23 Oct 2026 Arcium Blackthorn supply gap: 600 to 4,500 rentable confidential GPUs worldwide Arcium's survey of about 80 providers, cited in Four Pillars' Blackthorn deep dive, counts only 600 to 4,500 rentable confidential GPUs, about 0.04% of capable NVIDIA chips. Blackthorn drops the host enclave and binds the GPU to the live key exchange; Charité Berlin is reportedly its first production partner.
Thesis Privacy AI Arcium, Four Pillars, NVIDIA, Phala, Charité Berlin, CoreWeave, Lambda, Crusoe, Nebius 6 likes 23 Oct 2026 CYPH vs ZEC: 0.78x NAV on paper, 1.68x once the $0.001 warrants count Trackers show the Winklevoss-backed ZEC treasury CYPH at 0.78x NAV, but counting ~124M shares from $0.001 warrants puts it at 1.68x, so 1,000 CYPH equals 1.43 ZEC, not 3.08. It now trades as a miner with a treasury attached; watch ZEC per share into NU7.
Thesis Privacy Market structure Cypherpunk Technologies, Zcash, Winklevoss, Gemini, Cantor 15 likes 22 Oct 2026 PAPER top 10 stakers: early losers became the house The top 10 PAPER stakers lost $8.58M trading but already earned $9.06M back in staking rewards and still hold 1.34B PAPER (15% of staked). The non-transferability ban hurt late farmers, not whales, and every further dollar they earn comes from the next trader losing.
Data Hyperliquid Perps Papertrade, Paragon 19 likes 22 Oct 2026 Axis runs a crowd teleop gym behind a 50K+ demo dataset; pi0.5 scored 88.8 vs 83.9 with Axis data, in simulation only. At ~$0.30 and ~$298M FDV on a 16.5% float, AXIS has no fee or buyback sink, so he sees it as priced for success.
Breakdown Robotics DePIN AI thread Axis Robotics, PrismaX, BitRobot, Codec, machine.fun, Binance Alpha 6 likes 22 Oct 2026 Staker payouts fell from $6.7M to $88K a day between 15 and 21 Oct; ~84% of the $62M headline revenue was LP overflow, i.e. trader losses passed through, not fees. Scenario values for PAPER range from $0.0006 to $0.19.
Data Perps Hyperliquid DeFi Papertrade, Paragon, Hyperliquid 14 likes 22 Oct 2026 Bulk: validator-embedded perp DEX on Solana, 46 days after mainnet Bulk runs matching in a leaderless BFT network of Solana validators. After 46 days it has ~$1.3B cumulative volume, $14.6M OI (10x since 9 Sep) and ~$9K daily fees; December removes the speed bump, zero maker fees and Challenger Season 1 together.
Breakdown Perps Solana DeFi thread Partner Bulk, Pacifica, Bullet, Phoenix, Hyperliquid 38 likes 22 Oct 2026 Standard Reserve bull case: reflexive issuance and Robinhood Chain liquidity Five weeks in, 26.4M STANDARD were destroyed vs 18M issued, and the reserve sold 1,318 ETH into SpaceX, Alibaba and SK hynix tokens with pools 12x to 17x deeper than rivals. Open issues: SpaceX volume sits in a cheaper v3 pool and stock-pool fees go to a team multisig.
Thesis DeFi Tokenized stocks The Standard Reserve, Four Pillars, Robinhood Chain, Uniswap 20 likes 21 Oct 2026 Pearl thesis update: Coinbase roadmap listing, new ATH and the io:PRL perp PRL went from $594M to ~$815M mcap in four days after a Coinbase roadmap listing, and io:PRL OI on Entropy tripled to $9.3M. The bull case still lacks proof of paid demand through mining and faces ~1M new PRL a day.
Thesis AI Hyperliquid Perps Partner Pearl, Entropy, Coinbase, Together AI, Hyperliquid 40 likes 21 Oct 2026 Arcium Blackthorn vs Venice: private AI inference without the Intel TDX chip Venice's encrypted mode relies on Intel TDX, which TEE.fail and DDRop attacks undermined; Arcium's Blackthorn removes the CPU TEE and splits session keys across MPC nodes. ARX trades at $49M mcap vs VVV at $1.3B, a gap he bets will close.
Thesis Privacy AI Arcium, Venice, Phala, NEAR, Intel 23 likes 20 Oct 2026 Entropy prices markets without spot (ANTH, OAI, PRL) with an oracle blending its order book and private-market data. It holds 2.2% of HIP-3 OI ($86M) and did >$1.25B in 30D volume, but growth mode limits deployer revenue to ~$49K a month.
Thesis Hyperliquid Perps Market structure Partner Entropy, Hyperliquid, tradexyz, Paragon, Ventuals, RedStone, Coin Metrics 33 likes 18 Oct 2026 Despite a weak market, he sees renewed opportunity in PQ and privacy infra, AI and robotics exposure, maturing DeFi (perps, onchain options, propAMMs), RWAs and a widening Hyperliquid ecosystem. Links his recent write-ups on each theme.
Market take Privacy AI Hyperliquid thread Starknet, Zcash, Aztec, NEAR, Arcium, Hyperliquid, Canton, zkSync 56 likes 17 Oct 2026 Pearl's PoUW noises matrix multiplications so GPU inference doubles as mining at 1+o(1) overhead, verified by a Plonky2 SNARK. It sells inference below Together AI on four shared models; PRL at ~$594M mcap still lacks proof that paid demand runs through mining.
Thesis AI Hyperliquid Perps thread Partner Pearl, Entropy, Together AI, Hyperliquid 34 likes 17 Oct 2026 Starknet, zkSync and Aztec outperformed ETH since 1 Sep (STRK +173%, ZK +81%, AZTEC +50% vs ETH -1.4%) on quantum and privacy exposure. Compares proof, privacy and PQ plans; the best proof story has the weakest privacy story against harvest-now-decrypt-later.
Breakdown ZK Privacy Quantum Starknet, zkSync, Aztec, Google, Anthropic 73 likes 16 Oct 2026 Privacy token map with mcap/FDV, 7d and 30d moves and distance from ATH across private money, payments and programmable chains. Notes 4.96M ZEC shielded (29.2% of supply, an ATH), Monero's FCMP++ stressnet and STRK up 193% in 30 days.
Map Privacy ZK L1/L2 thread Zcash, Monero, Dash, Railgun, Citrea, Anoma, Horizen, Aztec 62 likes 16 Oct 2026 Metric dashboard: live bins, pools and swaps for an oracle-priced propAMM Unofficial dashboard for Metric tracking every pool, chain and bin against the oracle reference, with 1s depth refresh, swap tape from ETH, BSC and Robinhood Chain logs, curator and feed health, and volume and DEX share across 10 chains.
Build log DeFi Tokenized stocks Tooling Partner Metric, Alchemy, DefiLlama 109 likes 16 Oct 2026 Metric is an open EVM version of Solana's propAMMs: pools quote off Chainlink or Pyth, LPs fund bins at fixed offsets and curators run pricing. Live since 15 Oct with ~$5.4M TVL and ~$147M day-one volume; he sees tokenized stocks as the first use case.
Explainer DeFi Tokenized stocks Market structure thread Partner Metric, Chainlink, Pyth, Tessera, Native 137 likes 15 Oct 2026 Robotics data moat: Microagi at $100M run rate and no internet of actions Argues robot training data cannot be scraped, so data vendors capture value: Microagi reports a $100M run rate six months in, XDOF is raising at $1.2B and Skild passed $100M ARR. Caveats: self-reported run rate, and demand depends on VC-funded labs.
Market take Robotics AI DePIN Microagi, XDOF, Skild AI, Figure, A1 Research, peaq 28 likes 15 Oct 2026 Robotics primer: why robo szn is happening now and crypto's three lanes Robotics capital arrived before understanding: Unitree ~$50B, Figure $39B, Skild $14B. Argues the brain is commoditised, actuators are 40 to 60% of humanoid BOM, the moat is teleop data, and crypto's lanes (provenance, capital formation, coordination) total under $1B.
Thesis Robotics AI Unitree, Figure, Skild AI, A1 Research 34 likes 15 Oct 2026 TxFlow points Season 1: scenario math for an onchain CLOB perp DEX TxFlow is an L1 with a fully onchain order book doing ~$1.2B weekly volume before points. With ~36M Season 1 points he models $2.75 to $34 per point across FDV scenarios; a consistent account at 0.1% share would hold ~30,000 points against ~$13k of taker costs.
Data Perps L1/L2 thread Partner TxFlow, Lighter, Hyperliquid 41 likes 15 Oct 2026 Crypto custody models: MPC, Safe multisig, custodians and Swiss Clavi Funds use MPC, protocol treasuries Safe, regulated firms Coinbase or BitGo, each with a company in the signing path. He argues family offices want 2-of-3 keys across three places with no third party, citing Bybit's $1.5B frontend hack and a reseller Ledger implant. States it is not sponsored.
Market take Tooling Other Clavi, Safe, Fireblocks, Fordefi, Utila, Ledger, Bybit 38 likes 12 Oct 2026 Map of crypto assets by PQ readiness: opt-in PQ on mainnet (NEAR, ALGO, CKB), PQ-native chains (QRL, QTC, ABEL) and announced or draft (BTC, ETH, TRX, ZEC, SUI), with mcap, moves and ATH distance. Flags thin volume and the lattice vs hash-based debate.
Map Quantum Bitcoin Ethereum thread NEAR, Algorand, Nervos, Quantus, QRL, Bitcoin, Ethereum, Sui 113 likes 11 Oct 2026 Monad long on TxFlow: private settlement and a post-quantum roadmap Longed MON after a 27% weekly drop on Monad's Private Settlement design (encrypted institutional domains with scoped auditor access) and its 28 Sep PQ roadmap. Both are designs, not live, and the 24 Nov unlock is a risk. Also pitches TxFlow's onchain order book.
Thesis L1/L2 Privacy Quantum thread Partner Monad, TxFlow, Variational 92 likes 11 Oct 2026 Privacy asset map with mcap/FDV, 7d and 30d moves and ATH distance. Notes STRK up 99% in 7d on the quantum trade and Arcium's ARX trading 370x below ZEC and 19x below VVV on mcap.
Map Privacy ZK L1/L2 thread Zcash, Monero, Railgun, Anoma, Horizen, Aztec, Starknet, Arcium 97 likes 10 Oct 2026 Justin Drake warned ECDSA could break within months through AI-driven math; 6.26M BTC (31.2% of supply) sits in addresses with exposed keys. Cryptographers pushed back; Vitalik noted lattice schemes share the structured-math risk, favoring hash-based signatures.
Explainer Quantum Bitcoin Ethereum Justin Drake, Vitalik Buterin, Glassnode, Starknet, NEAR, QRL, Aztec 41 likes 28 Sep 2026 Personal top 20 crypto watchlist grouped by narrative Twenty watchlist assets in six groups: private compute and money, decentralized AI, machine economy, perp DEX and HL ecosystem, stablecoin and institutional rails, and physical infrastructure. Each gets a one-line thesis; ARX is the main privacy bet.
Map Privacy AI Perps thread Arcium, Zama, Aztec, Bittensor, Venice, Pearl, NEAR, Hyperliquid 55 likes 27 Sep 2026 Standard Reserve: adding branches after Mandate II and v1.1/v1.2 upgrades Added two branches after Mandate II (liquidity engine for stock tokens on Robinhood Chain), v1.1 and v1.2 upgrades and S-Bills staking. Now earns 0.3154% of issuance, ~1.8k STANDARD a day (~$415), with the issuance multiplier at 0.8.
Market take DeFi Tokenized stocks The Standard Reserve, Robinhood Chain 47 likes 25 Sep 2026 HL cleared $5.4T of perps volume, holds 57% of DEX perp OI and routed $1.28B into buybacks, yet takes only 1.7% of DEX spot and 0.1% of prediction market volume. Argues the next leg is decided in Washington via HIP-3 deployers, and still expects S3 after the US opens.
Data Hyperliquid Perps Regulation Hyperliquid, A1 Research, Payward, Kraken, tradexyz 27 likes 25 Sep 2026 Papertrade explained: 1000x oracle-free perps on HyperEVM Papertrade runs synthetic perps against an LP priced off Hyperliquid's BBO mid via precompile: 1000x leverage, zero slippage and funding, no oracle. The LP starts at $0 and grows only from trader losses; PAPER has no premine and is minted per dollar of LP gain.
Explainer DeFi Perps Hyperliquid Papertrade, Hyperliquid 40 likes 23 Sep 2026 Why ARX: MPC as the one privacy stack across money, compute and AI Argues Arcium's MPC covers what Zcash (no programs), Zama (FHE speed, 13-node committee) and Venice (TEE trust) each miss. ARX at $45M mcap sits 570x below ZEC and 32x below VVV, with C-SPL and Blackthorn not yet live.
Thesis Privacy AI Solana Arcium, Zcash, Zama, Venice 55 likes 23 Sep 2026 Standard Reserve: why add branch licenses, Mandate II and the burn loop Bought three licenses at ~7.7k STANDARD each and now earns 0.2177% of issuance (~$326 a day at $0.1947). Argues the reserve's 13.82M USDG exceeds the three biggest Robinhood Chain stock pools combined, funding a market-making fee flywheel into buybacks.
Thesis DeFi Tokenized stocks thread The Standard Reserve, Robinhood Chain 63 likes 21 Sep 2026 machine.fun thesis: why hardware founders may raise on a launchpad over VC Argues private rounds are broken for hardware builders (vesting overhangs, VCs unable to price hardware) and Codec funded its build from trading fees. machine.fun adds a curated launchpad with SimArena proof, peaq tracking, the Foundry accelerator and fee-funded buybacks.
Thesis Robotics DePIN machine.fun, Codec, peaq 50 likes 21 Sep 2026 Watchlist additions: TAO, PURR, EDEL and BP Adds four tokens with one-paragraph theses: Bittensor's dTAO subnets, Hyperliquid's HIP-1 PURR, Canton perp DEX Edel with a DTCC working group seat, and Backpack's BP tied to 30+ tokenized US stocks.
Map AI Hyperliquid Tokenized stocks Bittensor, Hyperliquid, Edel, Backpack 19 likes 17 Sep 2026 Standard Reserve branch license auctions: 4.4M STANDARD burned in three days Over the first three license auctions 4.4M STANDARD were burned; auction 2 closed at 12k per license, back to launch-day levels, burning another 1.2M. He keeps monitoring and plans to open more branches.
Data DeFi The Standard Reserve 32 likes 17 Sep 2026 Arcium: live MPC network with C-SPL and Blackthorn as ARX repricing catalysts Arcium's MPC network is live while C-SPL (private money) and Blackthorn (private AI) are pending. ARX sits 610x below ZEC and 32x below VVV by his count, a gap he expects to narrow.
Thesis Privacy AI Arcium 20 likes 17 Sep 2026 Solana Alignment Spectrum: where perp DEX matching sits in the stack Splits Solana perp DEXs by how deep matching sits in Solana: Pacifica offchain on its own servers, Bullet in a bonded sequencer, Bulk in ~5% of validators, Parasol aiming for inside Agave itself.
Map Perps Solana Pacifica, Bullet, Bulk, Parasol 16 likes 16 Sep 2026 Hyperliquid onshore: Payward and Bitnomial's permissioned HIP-3* venue Payward will deploy a permissioned HIP-3* market via CFTC-licensed Bitnomial, with NinjaTrader carrying accounts and matching onchain on HyperCore. No mainnet date and approval pending; it is a new allowlisted book without access to existing liquidity, where tradexyz holds ~98% of OI.
Market take Hyperliquid Regulation Perps Payward, Kraken, Bitnomial, NinjaTrader, tradexyz, Hyperliquid 25 likes 16 Sep 2026 CODEC: SimArena at TUM's robo.innovate hackathon with 80+ teams CODEC at ~$6M mcap (2.4x in ten days) as SimArena becomes the simulator for 80+ teams at the 23 to 28 Oct robo.innovate hackathon. Three of eight challenges depend on simulation, and top teams get fast-tracked into The Foundry.
Thesis Robotics AI Codec, SimArena, machine.fun, robo.innovate, TUM 78 likes 16 Sep 2026 Solana perp DEX ecosystem map: Phoenix, Pacifica, Jupiter, Bulk and 11 more Landscape of 15 Solana perp venues with architecture and traction: Phoenix (crankless CLOB, $1B all-time), Pacifica ($220B+ cumulative), Jupiter (~$510B cumulative), Bulk, GMTrade, Bullet, Parasol and Drift's rebuild as Velocity.
Map Perps Solana DeFi Phoenix, Pacifica, Jupiter, Bulk, GMTrade, Bullet, Parasol, Velocity 43 likes 15 Sep 2026 Why he added ARX: C-SPL and Blackthorn as catalysts Arcium's MPC network has run since Feb with 2.5M+ computations; C-SPL and Blackthorn would tie it to private money and private AI. ARX at $33M mcap is 33x below Venice with no unlocks until June 2027; risks are C-SPL delays and fees paid in SOL.
Thesis Privacy AI Solana Arcium, Venice, Zcash, Inpher 22 likes 15 Sep 2026 Standard Reserve auction burn math: 0.84% of supply gone in three days Branch license auctions closing near 12k burn 1.2M STANDARD, with the next auctions opening at ~24k and ~48k. If demand persists, 0.84% of supply is removed permanently in the first three days.
Data DeFi The Standard Reserve 37 likes 14 Sep 2026 Edel: Canton-native perp DEX for tokenized equities and the DTCC working group Edel joined the DTC tokenization working group. DTC custodies ~$114T of US securities and will mint digital twins of Russell 1000 stocks from October; Edel is a Canton perp DEX with private positions, in closed alpha since July.
Market take RWA Tokenized stocks Perps Edel, DTCC, Canton 21 likes 14 Sep 2026 Standard Reserve mint plan: why early branches beat late ones A branch's share of issuance is largest on day one (1/1,000 vs ~1/6,000 later), so his plan is to mint, let the sniper tax burn, then compound into licenses early. He warns against overpaying for yield at peak fomo.
Thesis DeFi The Standard Reserve 43 likes 14 Sep 2026 SimArena at robo.innovate: why a browser simulator matters for Codec SimArena runs physics in WebAssembly (no GPU, MIT-licensed, 500 free credits a month, LeRobot export) and sits in TUM's robo.innovate alongside Nvidia, Universal Robots and NEURA. Every student building on it becomes a user.
Thesis Robotics AI Codec, SimArena, robo.innovate, TUM, Nvidia, Universal Robots, NEURA 20 likes 13 Sep 2026 Standard Reserve moon maths part 2: banker strategies over 12 months Models five banker strategies (sit, build, harvest, flip at 6, build then flip at 12) on a 0.15 ETH seat: building to 10 branches returns 2.50 ETH base, 16.2 ETH bull and 320 ETH moon. Passive seats are hurt by dilution and very sensitive to contraction share.
Data DeFi The Standard Reserve 48 likes 13 Sep 2026 Scenario model of the mint and 12 months of system behavior: base $7.4M launch FDV to $26M (3.5x), bull $18.1M to $243M (13x), moon $23.9M to $3.2B (135x). A passive whitelist seat is worth 0.42, 4.5 or 111 ETH on a 0.15 ETH cost.
Data DeFi The Standard Reserve, Uniswap 105 likes 13 Sep 2026 Explains soulbound charters with 1 to 10 branches earning equal issuance shares, net ETH flow through a Uniswap v4 pool setting expansion or contraction, burns from licenses and exit fees, and the 14 Sep mint (0.15 ETH whitelist, Dutch auction from 1.25 ETH).
Explainer DeFi The Standard Reserve, Uniswap 58 likes 11 Sep 2026 Why he is keeping his Standard Reserve whitelist spot Whitelist spots reportedly trade OTC at $40k to $50k before a token exists. He holds because the genesis cohort owns all issuance on day one, dilution is limited to 100 new branches a day and exits carry congestion-priced fees.
Thesis DeFi The Standard Reserve, Uniswap Foundation 81 likes 11 Sep 2026 Claude Cowork as a work operating system: overnight research, briefs and Notion Agentic setup with a 05:30 overnight narrative scan, 07:15 morning brief, weekly alpha piece and on-demand deep dives. Notion is the system of record, with eight lean Python scripts and connectors for Gmail, Calendar, Todoist and Fireflies.
Build log AI Tooling Claude Cowork, Notion, Typefully, Todoist, Fireflies 28 likes 11 Sep 2026 Full build of an agentic work system on Claude Cowork: overnight research desk, morning and evening briefs, zero-thought capture and Notion as system of record. Design rules: buy do not build, scripts return data only, Claude proposes and he decides.
Article AI Tooling Claude Cowork, Notion, Gmail, Todoist, Fireflies, Typefully 35 likes 10 Sep 2026 Smart money trading agent: first real entries return 11.4x and 5.3x The smart-money agent's only real runner it also entered: buys at 1.2M and 2.6M mcap are 11.4x and 5.3x at 13.7M. Small size, system still a work in progress, aimed at trenchers.
Build log Memecoins AI Tooling fomo 30 likes 08 Sep 2026 Five tokens to watch: ARX, ZAMA, NEAR, PEAQ and CODEC Short list of five tokens with one-line theses: Arcium's MPC compute, Zama's FHE for institutions, NEAR's agent economy infra, peaq's machine economy base layer and Codec's robotics stack.
Map Privacy AI Robotics Arcium, Zama, NEAR, peaq, Codec 55 likes 07 Sep 2026 machine.fun and Codec: financing machines onchain Argues crypto's next financialization is machines: robotics VC reached $50B+, Unitree's retail tranche was 8,000x oversubscribed, and machine.fun gives prototype-stage hardware founders a launchpad. Codec gains a path from browser prototype to Foundry to crowd raise.
Thesis Robotics DePIN machine.fun, Codec, peaq, Unitree, Figure 52 likes 07 Sep 2026 Fomo smart money bot: why its liquidity floor made it miss HONTER His agent tracks top fomo traders on Robinhood Chain and Solana. It logged a $3k buy at 15:27:10 UTC but skipped HONTER since liquidity was $52.9k vs its self-raised $55k floor; the token then did 14.5x in 22 minutes.
Build log Memecoins AI Tooling thread fomo, Helius, Jupiter, Claude 63 likes 27 Aug 2026 Hivebits: smart beehives and the NECTAR token on MetaDAO Hivebits builds its own smart hives with sensors streaming to the HivePulse app and has sold >$200k of honey and bee products over five seasons. NECTAR, launched through MetaDAO, gives ownership of the business, revenue capture and governance.
Breakdown RWA DePIN Other Hivebits, MetaDAO 25 likes 25 Aug 2026 Standard Reserve dormancy rule: 30-day inactivity bounty and 70% revocation fee Charter holders must interact every 30 days or anyone can report them: the informant gets 2% of accrued balance (cap 100k STANDARD) and the holder pays a 70% revocation fee, half burned and half to active bankers; the charter burns.
Explainer DeFi The Standard Reserve 28 likes 24 Aug 2026 Kinetiq Elysium: first HyperEVM L2 and what it means for KNTQ Elysium is an L2 using HYPE as gas, with much faster blocks and a free native oracle via customized L1Read so PropAMMs can quote tighter. Sequencer fees split 25/25/50 among builders, treasury and buybacks; he sees it as +EV for Hyperliquid and Kinetiq.
Breakdown Hyperliquid L1/L2 DeFi Kinetiq, Elysium, Hyperliquid, Papertrade 36 likes 23 Aug 2026 OHM hit >$4B in 2021 then fell 98%; Standard swaps fixed APY for issuance tied to net ETH flow through a v4 hook pool. Inflow buys tokenized gold, outflow buys and burns STANDARD; fees split 70% vault, 15% permanent liquidity, 15% team.
Explainer DeFi The Standard Reserve, Olympus DAO, Uniswap 298 likes 23 Aug 2026 N1 Exchange TL;DR: exchange as the chain, 39 markets and points Season 1 N1 is run by the ex-Layer N team: orderbook, RFQ and margin engine are native chain modules, apps run in dedicated compute, and 39 perp markets are live. Points Season 1 issues 75M a week for 26 weeks with no token yet.
Breakdown Perps L1/L2 N1, Layer N, 01 Exchange, Founders Fund 19 likes 23 Aug 2026 Bulk pre-deposits and AURA: validator-embedded perp DEX on Solana Bulk validators run a bulk-agave fork beside Solana's client, forming leaderless consensus with 20-40ms finality and ~5% of stake. Portfolio margin against a correlation matrix can cut hedged margin up to 70%. Last week of AURA pre-deposits, zero maker fees for 30 days.
Breakdown Perps Solana DeFi Bulk, Solana, 6th Man Ventures, Robot Ventures 19 likes 22 Aug 2026 N1 Exchange: ex-Layer N team's L1 with native orderbook, RFQ and margin N1 splits a lean settlement layer from an async execution network where each app has dedicated compute, and bakes orderbook, RFQ and margin into the chain itself. 39 markets are live and Points Season 1 started 11 Aug; the app layer is permissioned for now.
Breakdown Perps L1/L2 N1, Layer N, 01 Exchange 28 likes Pieces marked Partner disclose a paid, affiliate or partnership relationship. Summaries are written for the index; the post on X is the source.
@zerokn0wledge_
Breakdown22 Oct 2026Axis Robotics: crowd-sourced robot training data and the AXIS token
Data22 Oct 2026Papertrade staker income collapse: $6.7M to $88K a day and PAPER scenarios
Thesis20 Oct 2026Entropy thesis: HIP-3 deployer pricing pre-IPO and exotic perps on Hyperliquid
Thesis17 Oct 2026Pearl: matrix-multiplication proof of useful work as the Bitcoin of the AI age
Breakdown17 Oct 2026Ethereum's ZK L2s in the age of quantum, privacy and AI
Map16 Oct 2026Privacy ecosystem map v2: private money, payments and programmable chains
Explainer16 Oct 2026Metric explained: open oracle-priced propAMM DEX on EVM
Map12 Oct 2026Quantum and post-quantum map: PQ crypto assets by readiness