Pendle crossing $6b TVL as the platform and engine that powers growth of stablecoins with yield <10% away from all time high TVL Job's not done!

July Metaplex revenue of $1.6mm on the verge of surpassing last month with still 1 week to go 50% of revenue goes towards buying back $MPLX for the DAO Accelerate

Tokens created through Metaplex have accelerated driven by the launchpad wars Each new token drives protocol fees, which are on track to hit $2.1M this month ($25.5M annualized) 50% goes to $MPLX buybacks for the DAO the following month (July fees will fuel August buybacks)

Today we have 3 crypto bills (GENIUS for stablecoin, CLARITY for market structure, and anti-CBDC) passing the house w/ bipartisan support - marking a watershed moment for the crypto industry to thrive in the US of A 2025 has been a big year for the industry. BTC grew to a ~$2.5T asset, now the 5th largest in the world, and gradually evolving into a digital store of value everyday ppl and institutions hold alongside Gold to prevent against inflation, currency debasement, and erosion of purchasing power $IBIT has been Blackrock's fastest growing ETF since launch, now holding ~$90b in assets and on pace to be its # 1 revenue generating ETF, period. Stable coins are making inroads into traditional financial infrastructure - whether w leading fintechs (Stripe, Ramp, PayPal) or traditional banks (JPM, Citi, Wells Fargo), with over $250 B in global issuance already Aave crossed $50b in deposits, which would rank it among top 100 banks globally and top 50 in the US, demonstrating the scale and resiliency of on-chain finance powered by permissionless, autonomous code The crypto industry is having a great run, but more importantly, the US sends the world a message loud and clear: The United States is the place of exceptionalism. We are the place where innovators thrive, where technology permeates, where risks are taken, where dreams come true and progress made. That has been true for the last ~250 years since its founding. That is increasingly true for Crypto. It has/will be true for AI, Healthcare, Space, Defense, Drug Discovery, Software, Semis, Energy, Science - and every industry that pushes and advances the frontier of human progress Around 35 years ago - my parents immigrated here precisely because they believed in America's Vision and as the land of Opportunity I have always been, and will forever be proud to be a part of the greatest country known to mankind ❤️ America has been Great. Together, we all continue to Make America Great Onwards 🔥

All three crypto bills passing the house with significant Democrats support isn't on my bingo card. Most people expect the CLARITY Act to have lower chance of passing vs GENIUS and yet they are all passed at the same week. Truly a historical moment for crypto.

The House just made history by passing major legislation on stablecoins (GENIUS Act) and market structure (CLARITY Act) in an overwhelmingly bipartisan way. This is a huge moment for crypto and for all Americans. We’re very close to having comprehensive, proactive rules in place for the first time. Next up: the GENIUS Act goes to the President’s desk for his signature. After that, the Senate should pass the CLARITY Act. We believe passing these laws is the best way to ensure that America remains the world leader in the next era of the internet. Thank you to all the cosponsors of these bills and the incredible supporters on both sides of the aisle in Congress.

Maple is crossing $3 B TVL, a remarkable milestone over the last yr - 3X TVL growth in the past quarter - 10X+ TVL growth in last 12 months - syrupUSDC approaching ~$1B issuance - $1.1B+ loan book - $20M run rate protocol fees product market fit has never been stronger

Great interview w/ @DegenMack walking through @metaplex growth plans and roadmap - $20M+ annualized run rate fees - Buyback ~10% of total supply a year - Infra standards behind all major launchpads - Genesis primitive for on-chain token launches Internet capital markets

.@RelayerCapital's thesis is that we are only in the very earliest stages of a renaissance in CeFi lending catalyzed by new product types, in particular more secure overcollateralized loans sourced from onchain DeFi lenders/capital. @maplefinance has led the way in this new market segment, currently meeting the needs of $1B in outstanding loan demand driven by the hyper growth in their permissionless syrupUSDC product. At a $1B loan book today (up multiples in just the last few months), $SYRUP is rapidly gaining market share. Today CeFi lending is an approximately $15B market, but is well on its way back towards its Q1 2022 peak of $35B and beyond. It now serves a much larger addressable market of funds, market makers, OTC desks, miners, digital asset treasury companies, family offices, and HNW individuals but with a more secure product. The melding of traditional demand sources with composable DeFi capital represents a fundamentally new dynamic for lending markets and I expect will become an increasingly dominant force disrupting traditional lending capital sources.