DeFiWarhol

KAST will flip RedotPay in volume in the next 12 months.
- Introduction of USD cashback (instead of points)
- Instant payment linked to traditional rails (soon)
- Aggressive expansion into new jurisdictions
- Focus on compliance and regulation
Tell me one reason why this won't happen.
Inevitable IMO.

Every crypto holder will eventually own a crypto card.
Crypto cards & neobanks might be the most asymmetric consumer crypto opportunity right now.
Do everything you can to gain as much exposure to it as possible.

I think this is a disbelief rally.
There's real institutional accumulation behind it, so it's not a clean bull trap.
But I think that leverage is doing too much of the work.
@cryptoquant_com flagged that April's move was mostly perp demand while spot demand is staying weak so I think that BTC needs time to cool off.
Still, the accumulation is real:
→ Spot BTC ETFs pulled in ~$1.3B in March and ~$2B in April
→ Strategy added 56,235 BTC (total holdings now at 818,334 BTC)
→ Metaplanet added 5,075 BTC
→ Long-term holder positions rising again
If futures positions unwind first, price resets before

The @Polymarket activity went past its peak.
Jan-Feb 2026 looked like a breakout moment:
• Daily transactions hit 4M+
• Active wallets tripled in number
• February 28 set an all-time daily trading volume record of $425M
A few big events drove those numbers:
• US-Iran conflict ($529M+ in volume across markets)
• ChatGPT-6 speculations
• Government shutdown rumors
• Fed rate decisions
• 2026 midterm markets
Politics markets alone did $1.45B in January and $1.83B in February.
Once some of those events resolved, daily transactions dropped back to ~1-2M, and new market creation reduced by 80% from

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 think the main point of this chart is simple:
stablecoins are becoming more like payment infra.
And it’s not only about institutions adopting them.
I mean stuff like:
→ moving in and out of trading positions
→ parking capital between rotations
→ freelancer payments without international banking pain
→ treasury rails between exchanges, wallets, and partners
I predict more real-world use cases will keep showing up, and banking + stablecoin rails will keep moving closer together.