Two months have passed since I published the World report – lots has happened since. This piece will be brief, focusing on the adoption metrics and ecosystem updates since May. 

The Growth Story Continues

World seems to be gaining momentum. 

Here are the high level numbers as of the mid-May (the 18th to be exact):

And now (July 28

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I’d like to preface this as my personal thesis on where I believe we currently are in the cycle. As we were consolidating back in April and everyone was calling for the end of the cycle, I wasn’t fully sold on the idea that we had topped out.

CT has a short memory, but the market never really forgets. Every cycle, without fail, there’s a

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Went live with Laura Shin on Unchained this morning alongside Jason and Yan breaking down what’s weighed on $PUMP since TGE.

We discussed what’s driving the price action, how the ICO structure may have impacted launch dynamics, potential airdrop timing, buyback strategy, and whether Pump can claw back crypto market share from letsbonk.fu

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Pumpfun founder Alon appeared on threadguy’s stream today. A summary of the discussion can be found here. Meanwhile, Believe App founder Ben Pasternak came out with a public apology for the poor communication in recent weeks. The market reacted poorly to each, with both tokens plunging 15% today.

The big winner over the past few weeks

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It looks like Ethereum wants to become the home of crypto x AI.

Endorsing Talos on X isn’t just amplifying another protocol. To me, it’s a statement that tells us what they’re thinking: AI-native applications will drive the network’s next growth cycle.

What’s the Market Saying?

While it’s too early to draw definitive conclusions abo

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There’s a saying that “comparison is the thief of joy.” But when it comes to asymmetric assets that trade in narrative arcs, comparison is actually one of the most valuable tools we have.

Because what if the thing you’re holding isn’t just undervalued? What if it’s early in the exact same structural journey that once reshaped an entire s

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Join Tommy Shaughnessy as he hosts Pondering Durian (Lead at Delphi Intelligence) and José Maria Macedo (Co-Founder at Delphi Labs & Founding Partner at Delphi Ventures) to introduce Delphi Intelligence — Delphi’s new open research initiative focused... Read more

Jito announced their new TEE-based marketplace BAM today. This is going to shake up Solana market structure quite a bit.

Essentially, nodes will run BAM and allow applications to create private and custom sequencing rules. This can be used for use cases such as cancel priority (ensuring mm’s don’t get picked off), feeless transactions,

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While people have loved to mock Drift, they have quietly been ramping up activity recently, hitting their first $1B volume day after a week of >$550M/day.

According to their founder the main reasons are onboarding new mm’s, their protocol owned amm, retail activity and ofc performance upgrades (and the ZERO fees on BTC & ETH introduced

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Everyone for the next 33 days

Back in April, I pointed to a clean structural repeat forming on the TOTAL3 chart, which tracks the total crypto market cap excluding BTC and ETH. The setup mirrored the July to November 2024 breakout with surprising precision. Price structure, volatility compression, RSI behavior, and Fibonacci retracements

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