DeFiWarhol

Lol
Not what you want to hear from a KOL agency
The bottom is in

Surfacing risk in DeFi protocols earlier could’ve saved billions of dollars.
@l2beat already does this for L2s, but we need the same review depth for all DeFi protocols.
DeFi Punk'd could fill this security hole.
It's a risk assessment site for more than 8,000 DeFi protocols, where anyone can run a pre-built AI prompt on any protocol and submit a risk score.
Each protocol gets a visual risk score across 5 categories: Control, Ability to Exit, Autonomy, Open Access, and Verifiability.
To check info about any protocol:
→ Go to and search for it
→ Each category shows a color - green (low risk),

April was the best month ever for crypto cards ↓
1. @RedotPay: $413.8M
2. @KASTxyz: $74.7M
3. @ether_fi: $65.6M
4. @Karta_Personal: $27.6M
5. @useTria: $15.5M
6. @gnosispay: $9.6M
7. @Cypher_HQ_: $9.2m
8. @ready_co: $7.1M
9. Other: $31.1M
The total volume surpassed $650M for the first time.
One billion in monthly volume by Q4. Bookmark this.

Around 90% of Brazil’s crypto flow is linked to stablecoins, with a lot of it used for payments and shopping from abroad.
Pix already normalized instant mobile payments there, so $BRLA doesn’t need to teach new behavior.
Because it just plugs into what people already know:
→ send BRL through Pix
→ convert to $BRLA onchain
→ use it to settle, trade, or move money globally
→ cash out back to BRL through Pix
Pretty solid case study for stablecoin adoption, ngl.

Stellar RWA TVL grew 40x in the last 30 days.
It's surprising to me as it is to you.
Top 5 chains by RWA TVL growth ↓
1. @StellarOrg → +4,112% ($471.3M)
2. @Ripple → +66.32% ($2.5B)
3. @solana → +57.52% ($538.6M)
4. @arbitrum → +24.21% ($18.0M)
5. @rootstock_io → +15.88% ($41.2M)
Largest 30D drawdowns ↓
1. @CantonNetwork → -11.61%
2. @ethereum → -7.72%
3. @plumenetwork → -3.65%
4. @zksync → -0.74%
5. @Aptos → -0.23%
Canton still holds 90%+ of the RWA market, so it's not like it's bleeding.
Nobody's catching up to its TVL anytime soon.

I made a EUR stablecoin map worth tracking ↓
$EURC | Circle’s MiCA-compliant euro stablecoin
$EURCV | SocGen Forge’s major-bank euro stablecoin
$EURI | Banking Circle’s MiCA-regulated euro stablecoin
$EURQ | Quantoz’s regulated euro stablecoin for settlement
$EURD | Quantoz’s programmable euro e-money token
$EURR | StablR’s regulated euro stablecoin
$EURe / $EURE | Monerium’s regulated onchain euro e-money
$EUROe | Membrane’s Finnish-regulated euro stablecoin
$EUROP | Schuman’s MiCA-compliant euro stablecoin
$EURAU | AllUnity’s BaFin-regulated euro stablecoin
$AEUR | Anchored Coins’ Swiss-issu

Meanwhile, here's what top Web3 protocols paid to their holders this month.

I remember when stablecoins were a niche crypto thing.
You used them to move money between exchanges faster, park dollars during volatility, and stay liquid without leaving crypto.
Now?
Completely different story.
Not because the GENIUS Act magically created demand. It actually removed one of the biggest blockers for institutions, which was unclear rules.
Looks like stablecoins speedran their way from trading tool to financial rails.

I remember when stablecoins were a niche crypto thing.
You used them to move money between exchanges faster, park dollars during volatility, and stay liquid without leaving crypto.
Now?
Completely different story.
Not because the GENIUS Act magically created demand. It actually removed one of the biggest blockers for institutions, which was unclear rules.
Looks like stablecoins speedran their way from trading tool to financial rails.

Solana still leads all chains in usage.
But it has a revenue problem.
I pulled data from @artemis to show you the full picture ↓
1️⃣ Activity stayed high
→ Daily active users: 3.9M (+4.9% 30D)
→ Transactions: 92.4M (+3.9% 30D)
→ Stablecoin supply: $16.6B (+0.9% 30D)
For context, Solana has more DAU than Ethereum (590K), BNB (2.6M), Sui (183K), and Arbitrum (320K) combined.
There's no debate on which chain is the usage leader.
2️⃣ Revenue has dropped off
When the median fee is $0.0015, revenue per txn is next to nothing.
Annualized revenue on Solana is $220.5M (-19.7% in the last 30 days).
In c