Phoenix77

Launchpad revenue peaked above $5M/day in September.
Two months later, it's back near $1M–$1.5M/day.
The launchpad wars is very competitive
In September, @Pumpfun faced growing competition from StonkFun and @ponsdotfamily.
@LaunchOnSF even reached $2.48M in daily revenue, briefly outperforming Pump.
By late October, Pump had reclaimed 94% of combined revenue against StonkFun, even as overall launchpad activity continued to cool.
Two things stand out to me:
> New launchpads can capture significant volume during speculative periods, but retaining that activity is much harder.
> Pump's recovery

Crypto wallets are becoming invisible infrastructure.
In 2026, we're seeing a different approach to wallet UX: users increasingly interact with financial products, while keys, gas, transaction routing, and signing logic move behind the interface.
Several funding rounds and new products highlight this:
@turnkeyhq raised $12.5M to expand its secure signing and wallet infrastructure.
@multisig raised $18M to scale @altitude, bringing stablecoin payments and treasury management into business workflows.
@sortedwallet raised $4.4M to expand accessible crypto wallets across emerging markets.
@Foundat

Where is crypto capital flowing in 2026?
DeFi and infrastructure are leading the funding landscape, but the bigger story is what these startups are building.
Looking across funding rounds this year, five areas stand out:
1. RWA Infrastructure
@MidasRWA raised $50M to expand tokenized investment products.
@NUVAFinance and @3f_xyz are building around RWA distribution and leveraged exposure.
Capital is moving toward making tokenized assets more usable across DeFi.
2. Onchain Credit
@Morpho raised $175M, while @BirchHill_io, @twynexyz and tenka are developing different approaches to credit.
From l

Bittensor's AI economy is starting to show real commercial traction.
A growing number of subnets on @opentensor are turning machine intelligence into products people actually pay for.
From GPU compute to consumer apps, security and sales tools, these are the subnets leading it.
Layer 1: GPU compute and AI inference
Compute is still Bittensor's strongest commercial vertical.
- @lium_io (SN51) rents out GPU capacity to developers and AI teams.
- @engyai (SN53) runs verifiable inference across a distributed miner network.
- @chutes_ai (SN64) has earned roughly $3.6M in inference revenue across Q1

The Onchain Credit Market Is Taking Shape
Private credit is moving onchain.
16 projects are building the market across four key areas:
1/ Credit Origination
Where lending opportunities begin.
@maplefinance: Institutional lending and asset management.
@humafinance: Payment financing through PayFi.
@3janexyz: Crypto-native credit and USD3.
@creditcoop_xyz: Receivables-backed settlement financing.
@blackopal_fi: Brazilian credit card receivables.
2/ Pooling & Distribution
Turning credit exposure into investable products.
@centrifuge: Tokenized institutional credit pools.
@FigureMarkets: Loan trad

Onchain Credit Is Entering a New Phase
DeFi lending is evolving beyond floating rates and liquidity pools.
The next competitive edge lies in financing terms, collateral management and credit risk.
Recent developments show this shift:
- @Morpho Midnight crossed $100M in reported deposits, bringing fixed-rate, fixed-term lending.
- @longbowlend is extending this model to Robinhood Chain.
- @aave V4 introduced externally curated markets with @SentoraHQ, supporting RLUSD @Ripple PYUSD and OUSD - @openstandard.
Professional risk management is becoming part of the lending infrastructure.
- @AscendFi

Every chain says it is quantum-ready.
A holder can check it in one step: sign with a post-quantum key.
I sorted 18 teams by how far a holder can go with that key today.
Layer 1 · Post-quantum from genesis
@QRLedger: post-quantum native.
@QuantusNetwork: every mainnet transaction is post-quantum signed.
@PQabelian: lattice-based, quantum-secure from day one.
@cellframenet: built to protect funds from quantum threats.
Layer 2 · Upgraded and live
@Algorand: Falcon-1024 accounts, 2.7M+ post-quantum transactions.
@PeraAlgoWallet: rekey an existing account to post-quantum.
@LuteWallet: Falcon accoun

Tornado Cash holds $629.7M on Ethereum.
Railgun holds another $109.7M.
Privacy on Ethereum is leaving the vault for apps people already use.
1/ Private Balances
The foundation is letting users receive and hold assets without exposing their entire financial history.
- @fluidkey and @UmbraCash: Stealth addresses for private receiving.
- @RAILGUN_Project: Shielded balances for private DeFi, accessible through wallets like @anondotinc.
- @zERC20io: Token wrapping for unlinkable transfers.
- @Veildotcash: Privacy pools on Base.
2/ Private DeFi
Once assets are shielded, the next step is putting cap

The post-quantum race has already started.
Bitcoin showed how hard that migration can be.
Other chains are preparing earlier.
I researched what they’re doing next:
❱ @Starknet roadmap
STARK proofs already rely on hash-based security, while account abstraction makes it easier to adopt new signature schemes.
❱ @monad roadmap
Flexible Authentication is designed to let users switch to post-quantum credentials while keeping the same address and existing DeFi positions.
❱ @Algorand roadmap
Post-quantum accounts are already live, with protection expanding across more parts of the protocol.
❱ @ethereu

Capital needs a system.
@Onchain_Matrix maps that system as one continuous capital cycle.
Instead of treating treasury, credit, and tokenized assets as separate pieces, it connects them into one capital cycle.
Capital first enters through seed, presale, stablecoins, and tokenized assets.
Then the treasury layer sets the operating base with multisig controls, audit prep, and deployment rules.
From there, capital gets allocated into yield strategies, RWAs, and liquidity reserves.
Those assets can then support collateralized credit, tokenized debt, and secondary markets.
Finally, treasury yield