StacyMuur

Some of the most profitable products in crypto still haven't airdropped anything.
Let's see how many days passed since their first airdrop tease (or points introduction) and their 30D revenue:
→ @Rabby_io: 800 days – $391K
→ @TrojanOnSolana: 757 days – $1.4M
→ @Photon_Labs: 653 days – $828K
→ @bullx_io: 632 days – $66K
→ @Pumpfun: 529 days – $23.7M
→ @opensea: 412 days – $212K
→ @MetaMask: 194 days – $3M
It's easy to be frustrated by this.
But objectively, a product generating revenue has zero structural reason to rush a token launch.
The airdrop is the carrot. As long as users keep paying fee

It looks like the @USDai_Official airdrop was solid, but only for the earliest participants.
Getting in early wasn't easy, though.
I remember the first caps were filled almost instantly when they opened.
Whale wallets were dropping 5-6 figures and filling the caps in seconds. If you missed that first wave, you were already behind on points.
The second deposit event was much easier to enter, but by then there was already a big point gap between early and new depositors.
Now the part that everyone's interested in.
The numbers ↓
300M CHIP was distributed to ~4,571 sUSDai holders.
→ Average alloca

Here's some Web2 data showing what companies actually spend to acquire 1 customer ↓
eCommerce → $274
Education → $806
Fintech → $1,450
Legaltech → $299
Proptech → $518
Security → $805
Transportation & Logistics → $483
Meanwhile, crypto bros are still budgeting $10 per user, lol

If you don't know where the yield comes from, you're the yield.
→ Ethena USDe: ~3.5% APY. Yield comes from funding rates, ETH staking, and treasury reserves.
→ Ondo USDY: ~3.5% APY. The yield is generated through a straight T-bill passthrough. Clean product, but its rate cut is exposed.
→ Theo thUSD: ~8.3% APR realized throughout 2025. Yield comes from gold futures basis trading and gold lending through thGOLD. Two structurally independent sources.
As you can see, most stablecoin yields rely on funding rates or Treasury yields (which drop when the Fed cuts).
The thing that separates thUSD from

Almost $350K has been sent to Satoshi's wallet by random people in the past 12 months.
Someone sent him $181K in a single transaction two months ago.
Why 😭😭😭

Perfect chart showing the degen nature of Solana.
Avg hold time:
2024 → ~1 day
2025 → ~100 sec
2026 → ~60 sec

I have a friend with a ~$5K PC.
• 5090 GPU
• 16-core CPU
• 64GB RAM
Absolute monster. And he mostly uses it to play OSRS.
But hey, I’m not one to judge how people spend their money.
It did make me think how much hardware around us sits idle, though. Mini PCs, edge devices, and consumer GPUs.
@nunet_global is trying to put that spare capacity to work inside infra that already exists.
Not replacing the cloud. Just using what’s already there. Here's a quick overview ↓
1️⃣ What it does
What makes this more interesting to me is that it’s not really a "rent your spare GPU" story.
It’s more about orc

If you invested $10,000 in DFINITY $ICP in May 2021, you would have $50 today.
That would be enough to subscribe to AWS and store your data like a normal human being.

Help me understand
> Base saw insane growth in active users from July 2024 to July 2025
> That growth was largely driven by token + airdrop speculation
> The token was officially confirmed in September 2025
> Activity has declined ever since
> March marked a new all-time low in active addresses
> Base is back at July 2024 levels
Wtf?

Corporate BTC treasury moves are getting more interesting.
Four companies added BTC to their balance sheet this week:
• HIVE Digital → raised $100M, added BTC in reserves
• Mercari (Japan's largest secondhand marketplace) → bought 500 BTC for cross-border settlement
• Viking Holdings (cruise giant) → acquired $50M BTC to hedge FX risk
• Interactive Brokers → converted $100M of treasury cash into BTC
Viking's BTC purchase stands out from the others.
They operate a global cruise business that manages dozens of currencies, so BTC becomes a clean hedge against that currency exposure.
This is exact

Most chains are bleeding users lately.
I pulled the data for chains that lost the most daily active users over the last 30 days.
The results ↓

Projects that TGE'd in 2026 ↓
Block Street seems to be the only green line on the list.