Now, the orange coin will be the talk of every news anchor, TikTok influencer, and newspaper headline.
The FOMO wave is coming. Roll up your sleeves - it's time for us to secure generational wealth before A.I. puts us all out of work.
Here's what we got today:
What's up with markets? Dino coins are pumping.
AI Agent Opportunity. Comprehensive guide to Virtual ecosystem.
Around the web. Fluid is migrating from $INST to $FLUID, Derive has integrated with Ethena, and more.
Today's email is brought to you by Sui — the fastest L1 ever.
Here's your Edge 🗡️!
Markets
Return of Retail: Revenge of Dino Coins
XRP/BTC Chart (Source: CoinStats)
Retail is finally here — but they're not sticking to the script that crypto Twitter CT expected.
Most of Crypto Twitter expected retail to ape into memecoins. Aka, Murad's "memecoin supercycle" thesis. But the reality? A bit different.
What happened? Top price performers of last week were projects many crypto-natives had written off as irrelevant or outdated.
Here's a look at how these 'dino coins' performed in the last seven days:
XRP is up >60%
HBAR is up >96%
IOTA is up >112.6%
And here's the kicker: $XRP, which almost no crypto-native uses, even flipped $SOL, CT's darling chain. At one point, they were even doing more volume than $BTC & $ETH combined.
For many on crypto Twitter, this was a tough pill to swallow.
Source: @0xMert_
Why is this happening? There are a couple of theories.
#1. Retail like the coins they know. Many of the coins that pumped were top performers of previous cycles. Returning retail investors are buying dino tokens they already know about.
It's like seeing your ex get popular again, and suddenly you're sliding back into those DMs. You probably have better options, but old habits die hard.
#2. Favorable regulatory environment. Many of these dino tokens aim to work closely with TradFi institutions like banks. For example,
Ripple ($XRP) connects banks, payment providers, and crypto exchanges.
Hedera ($HBAR) is owned and governed by a council of TradFi institutions.
With Trump's win, the market expects a more favorable regulatory environment for projects working closely with TradFi.
#3. The new SEC chair. Trump has nominated Paul Atkins as the SEC Chair. He is pro-crypto but is said to be a bit skeptical of pure DeFi. Apparently, he leans towards DeFi with centralized actors like Ripple.
While his exact stance isn't clear, enough investors believe he'll favor CeDeFi like Ripple. This sentiment likely drew investors to these dino tokens.
The Bottom Line
Firstly, Crypto Twitter doesn't represent all of crypto. If you only take information from CT, you are working with a limited view.
It might be time to scrawl back to those old Reddit forums or even scroll through TikTok to understand what retail is thinking. Or just follow someone who can report on it for you.
Secondly, there'll be multiple metas at the same time. Different groups of people will create different metas.
Zoomers like phantom and memes. Boomers like the older coins they're familiar with, especially those claiming utility.
As a trader, there's alpha in predicting which tokens will attract which crowd.
If you want to trade Dino coins, here's a list of 2018 top coins.
That said, it's not for everyone. Personally, I prefer sticking to my proven strategies rather than chasing metas outside my comfort zone.
As Crypto evolves, it needs modern infrastructure. We can't unleash the full power of dApps on chains with slow settlement times, and high transaction costs. Or chains that make it hard for normal users to navigate. When I think of a modern blockchain, the 1st one I think about is Sui. Speed: Sui settles transactions in under one second making it the fastest blockchain ever (Swaps average 0.59~0.99 seconds). Low Cost: Transactions are significantly cheaper, the best rate among major L1s. This combination of speed and low costs means they can bring out dApps such as GameFi that can't exist on other blockchains. Interesting Things Happening in Sui:
Italready has over $1.4B in TVL and over $25B in DEX volume.
zkLogin. You can log into Sui-based apps using Google or Facebook credentials rather than usual Crypto wallets (lowering the entry barrier for new users)
Sui partnered with Franklin Templeton, which has $1.5 trillion in assets under management. This is going to help bridge the gap between TradFi and Crypto.
Phantom Wallet is now integrating with the Sui network.
Discover why $SUI is skyrocketing – up 300% in the past 3 months.
It's dominating in terms of attention. 50,000+ X followers so far this month
There's definitely some criticism around the quality of the information. But I think people underestimate the head start it has, and how much potential it has to improve.
#2 The AI VC for AI Agents - Sekoia ($24M)
SEKOIA will be an AI-driven venture capitalist. It aims to evaluate and invest in thousands of AI agents simultaneously—something no human can ever do.
There are many reasons to be bullish on SEKOIA
The agent narrative
Upcoming bridge to Solana
Potential profits as an AI investor
According to Virtuals, it has 50k+ token holders
But what sold me? @Anant Iyer, who is a partner at Lightspeed Ventures, joining its team.
#3 The AIXBT of NFTs - NFT_XBT ($11M)
NFTxbt aims to be the go-to expert on NFT market. Here's why it turned heads
Wintermute taking a significant position on the token.
NFTxbt's AI model isn't that good yet. If you blindly ape his calls, you'll probably be rekt. But smart players like Wintermute seem confident in the team's ability to deliver.
If NFTs make a comeback, nftXBT is positioned to ride the wave.
There are many more projects, strategies, and resources that I want to share. However, I've reached the word limit for the newsletter article.
MilkyWay announced that they're launching the first restaking protocol for Celestia. They're claiming to introduce "plug-in security".
Supra, a multi-VM layer one, has launched phase one of its mainnet. It has features like native oracles, automation, randomness, and so on.
Mitosis, an ecosystem-owned liquidity L1, launched the Game of MITO, their points program. Performance in the program will impact the token allocation.
Edgy "is really a dude writing this email every week and not an a.i. agent" p.s. Some big bro advice...if you make a ton of money this cycle, be quiet. Don't get the fancy car. Don't flex your wins in Crypto or IRL. It attracts unneeded attention and animosity. The truth is people want to see you do well, but they don't want to see you do better than them. Plus, it puts your safety at risk.
DISCLAIMER: I'm NOT a financial advisor. This content is for education and information purposes only. Crypto and DeFi are risky and speculative. Please do your research before investing. Whenever you're ready, there are 3 ways we can help you:
⚙️ The DeFi Edge PRO- Designed for busy people who want to stay ahead of the curve. Leverage our research to save you hours each week, and to see what we're personally investing in. Join the waitlist.
🚀 The DeFi Edge Ventures- We identify, invest, and help amplify DeFi Protocols that positively impact the Crypto space.
🧠 DeFi 2nd Brain - Feeling overwhelmed with information? Organize your research with a 2nd brain system.
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