News
Polymarket is Going Mainstream
Polymarket is the most successful consumer application in crypto.
It's the world's largest prediction market. Using crypto, users can place bets on the outcomes of real-world events, such as political events, economic news, sports, and entertainment.
The chart below tracks the trading volume on Polymarket.
You might think Polymarket is in decline, but you'd be dead wrong.
Trading volume peaked in November 2024 because the US Presidential Election was on that month. And it's more accurate to say that Polymarket was able to massively capitalize on a short-term trend.
In fact, many analysts were saying that Polymarket would fade into irrelevance after the election. But it didn't happen. In 2025 alone, Polymarket has done >$5B in trading volume.
That's great news. And now, Polymarket is getting ready to take over society once more.
What happened? X (Twitter) announced Polymarket is its official prediction market partner.
The xAI, the AI division of X/Twitter, will now add AI-powered analysis to the Polymarket website.
That's just the first feature of the official announcement. We can speculate about the more exciting upcoming features.
Prediction markets from Polymarket will be available from the X UI. Whenever some news breaks on X, users will be able to bet on the relevant prediction markets, directly from the X interface.
- X can provide real-time probabilities of events to users.
- Polymarket can access millions of X users and create prediction markets with deeper liquidity.
There might be more opportunities for synergies with the AI division of X/Twitter. Maybe Grok can assist users in analyzing a prediction market. Explain potential reasons for any big price moves or the factors to consider when betting. And so on.
Now, there's a caveat: Prediction markets were recently legalized in the US. But Polymarket is not licensed in the US and has blocked US customers since 2022 following a penalty from the US Commodity Futures Trading Commission (CFTC).
So US users probably won't see Polymarket in X. But since the current administration is crypto-friendly, bulls can hope they'll solve the legal troubles soon.
This shows a potential way for Polymarket to grow. It can let any app/website host various prediction markets and allow them to take a small cut from transactions. This should massively improve the Polymarket distribution.
It'll also massively help in crypto adoption. X has >600M users. Even if we remove >100M US users, around half a billion accounts will be exposed to Polymarket and crypto. That's a big adoption moment.
The full details of the deal aren't out yet, but this big news for the industry.
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SynFutures: Powering the Next Wave of Onchain Finance
It's easy to ship during bull runs.
But real trust is built when teams keep building when no one's watching.
SynFutures kept delivering for years. While others chase the next trend, SynFutures has evolved beyond "just another perp DEX." They're now powering the next wave of DeFi infrastructure.
Why it matters? This shows that they're not just a perps DEX anymore, but the backbone of new onchain finance apps.
Why choose SynFutures as an Infra play? Because SynFutures infra supports:
- RWA perp markets
- Delta-neutral stablecoins
- Prediction markets with perp payout
- One-tap mobile trading apps
- Flashblocks (200ms pre confirmation. This is 10x faster than the current Base block time)
- and much more
Whether you're a builder or a user, SynFutures is quietly becoming the backend of new onchain finance.
No hype cycles. Just consistent delivery.
Guide
How to Find Gems Using Mindshare?
Everyone's goal is to find undervalued gems. Back in the day, we used "Total Value Locked" as a way of finding gems. You'd find projects with a rising TVL, but the market cap doesn't reflect it.
This cycle, I'm using a different strategy that's focused on Mindshare.
Mindshare is the level of awareness and conversation around a project or narrative. Most people & tools only consider tweets on X for calculating it. Platforms like Reddit & TikTok are largely ignored for now.
Why care about it? Mindshare often precedes price movements. So we should track it.
(Obviously, there are extreme exceptions where high positive mindshare has failed to pump tokens. The recent Loudio experiment is an example.)
But there's an important context: mindshare only tells us that people are talking about the project. Not if they're talking positive or negative things. "Sentiment" gauges the emotional tone of these discussions.
People will buy if a high mindshare project has positive sentiment. And if it's a negative sentiment, it's bad news for the token price.
If you're glued to Twitter 24x7, you can kind "feel" the vibes.
But you might not have time to make this qualitative judgement, and even then it won't be precise. So here are some tools and objective metrics to calculate mindshare.
They consider many variables like views, follows, mentions, and trading activity to provide a real-time view of mindshare. Each platform uses a different formula, but they are very similar.
(Kaito innovated the mindshare as a quantifiable metric, but I'm going to ignore it for this article because of the massive paywall.)
1. Dexcheck.ai
The above image is a screenshot of the Dexcheck.ai interface.
Apart from market details like liquidity and volume, it also provides "mindshare" metrics.
- Mindshare calculates the approximate % of crypto Twitter activity associated with a token.
- KOL Mentions refers to the number of times a token was mentioned by Key Opinion Leaders or "Smart Followers".
- Tot mentions gives you the number of times the token is mentioned by crypto users. It's further broken down into positive, negative, and neutral mentions.
That's great. But even greater is its filter feature. In addition to usual filters like time period and market cap, you can specify the exact requirements for mindshare & the number of mentions.
This will allow you to find underpriced gems before they pump.
2. Dexu.ai
Dexu also provides similar metrics. Here's how you can find it
- Go to Dexu.ai
- Click on the "Screener" tab on the left.
- Apart from the usual metrics, you can view mindshare, sentiment, and smart followers as well.
Dexu can be used to find undervalued projects as well. First, make sure that you're including maximum projects in the search space by clicking on the "TOP1000" button at the top. Then click on "Filter" to find projects that meet your criteria.
3. Cookie.fun
Cookie.fun offers similar data, but sadly, it doesn't have the option to granularly filter projects. Personally, I list the projects by "Mindshare change" and "Sentiment change" to find underrated gems.
These tools have more features for deeper research into the mindshare dynamics of specific projects. But that's beyond the scope of this article.
Mindshare is a new metric of this cycle. In The DeFi Edge Pro, we go much deeper into using this metric to find gems and analyze them.
Click here to join the waitlist.
🚀 DeFi Catalysts
Virtuals Protocol is expanding to the Ethereum mainnet. They've partnered with the Nethermind team to launch a public-good smart contract audit agent.
Flaunch introduced a new feature: Multiple Fee Receivers. It enables sharing token revenue with hundreds of users across Farcaster, X, and the EVM.
Morpho Labs is undergoing some restructuring to ensure that the value of the protocol only flows towards $MORPHO, rather than the offchain equity.
HyperLend released a new feature that'll allow users to borrow against their HyperCore assets. This increases utility for HyperCore assets.
Sky Ecosystem, previously known as MakerDAO, has enabled USDS rewards for $SKY staking. It'll be based on the protocol performance.
Uniswap Foundation introduced the v4 Hook Design Lab. It's a new pilot grant program to accelerate the next-gen DeFi protocols with Hooks.
GMX introduced GMX Express. It's an execution layer that enables new features like bypassing RPC congestion, gas payments in stables, and more.
Gamma Strategies released a Python SDK that'll enable professional limit order trading on Uniswap v4 for algorithmic traders & market makers.
Ethena-powered savings feature went live on major TON wallets. Users can now earn yield on their stables directly from the wallets.
Maple Finance has released syrupUSDC on Solana. Up to $500k in incentives and many DeFi use cases are already live.
Tether Gold introduced XAUt0. It takes XAUt multichain via a unified, frictionless liquidity layer. It has expanded to the TON chain.
Spark, a subDAO of Sky Ecosystem, has expanded to Optimism and Unichain. They'd received 2M OP in grants to grow on Superchain.
Pendle has introduced a new naming convention for PT & YT Assets. It's only a surface level that'll improve clarity for users.
Farcaster has enabled support for HyperEVM for their wallet and mini-apps. This could be a win-win relationship for both ecosystems.
Jumper Exchange now supports HyperEVM. It'll allow users to bridge ETH, USDC, USDT, and more easily.
📰 Industry News
SEC Chairman Paul Atkins made a remark that cleared many DeFi activities for users and developers. For example, staking and mining won't be securities transactions.
Symbiotic introduced Symbiotic Relay. It's a middleware SDK that'll enable any protocol to stake on Ethereum and verify outcomes on any supported chain.
Metaplex introduced Bubblegum v2, the next generation of compressed NFTs with new features like royalties that are enforced onchain.
🐦⬛ X Hits
- Some tactical lessons in trading.
- Fluid Liquidity Layer breakdown.
- A new game to measure the speed of chains.
- Important points about the Market Structure Bill in the US.
- Deep dive on issuance, usage, and accounting of stablecoins.
😂 Meme
Until next time,
Edgy
Today's email was written by Edgy and Yayya.
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, here's how 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 today.
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