🚨NEW EPISODE🚨 Do AI Trading Agents Actually Work? Today we're diving into AI trading agents, the rise of DeFAI, and whether autonomous trading bots are actually generating alpha. We discuss: - AI trading agents and the DeFAI hype cycle - @elizaOS, @virtuals_io, and agentic trading products - Onchain tracking vs qualitative research - Whether agents actually made money - Early wins, later losses, and extractive markets - Alpha Arena and AI model trading competitions - Why sample size matters for agent experiments - Agent reliability, harnesses, and model variability - AI workflows, Dune MCP, and product building - Ethereum bearishness, EVM success, and ETH value capture - Stablecoins and prediction markets And much more—enjoy!  —  Timestamps:  (00:00) Introduction  (00:46) AI trading agents  (01:26) DeFAI product promises  (04:55) Eliza and Virtuals  (05:08) Research methodology  (12:58) Biggest wallet gains  (14:48) Profitability fades  (16:19) Alpha Arena experiment  (19:18) Sample size problem  (25:57) Learning from competitions  (31:51) Dune MCP workflows  (42:04) Ethereum bearishness  (53:41) Outro

We're hiring. We're bullish crypto. We believe there's so much more to do. Come do it with us.

For the first time, all ZK circuits used by Lighter perp DEX L2 were regenerated from sources by L2BEAT! Now you don’t have to trust the Lighter team to perform a permissionless emergency exit. 👇Learn more in the thread👇

I found 59 all-time highs in crypto last week. - @Kalshi OI - @tempo MPP Volume and TXNs - @RobinhoodApp Tokenized Shares - @ether_fi Card Volume - HIP-3 OI, HIP-4 Volume - @ventuals OI - and more from @tradexyz, @trondao, @solana, and others The full list is here, artemis.ai/insights?horizon=…

It would be really cool if more RWAs weren’t just wrappers This week we dived into @PanteraCapital’s new tokenization report presented by @sui414

Some perp DEX latency benchmarks 🧵 Post-only order averages: - Hyperliquid: 400ms - Aster: 130ms - Extended: 15ms - Lighter: 10ms (doesn't touch matching engine)

🚨NEW EP: Is DeFi dead? The biggest bank run in history🚨 In today’s episode, we’re breaking down the @KelpDAO exploit and the cascading fallout across DeFi. We unpack how a @LayerZero_Core configuration was abused to mint unbacked rsETH, how the attacker used Aave to extract liquidity, and why this turned into DeFi’s first true “bank run” moment. We discuss: - Kelp DAO rsETH exploit overview - LayerZero configuration and RPC attack - Minting 290m unbacked rsETH - Bridged assets and blast radius - Depositing fake collateral into @aave - How looping and leverage amplified risk - Aave’s monolithic pool design flaw - Morpho’s isolated market comparison - Liquidation mechanics and bad debt -$10B Aave outflows and bank run - TVL quality vs headline TVL - DeFi reputation and permissioned shift And more—enjoy Ep below👇

Introducing OFTScan, a free & open source tool for listing all LayerZero OFTs in your wallet Given the recent LZ hack and the massive fallout, it's prudent to audit your portfolio for OFTs and swap them to safer assets Onchain HTML, forever online™️

Our podcast posted this warning from @donnoh_eth on the DVN set up of LayerZero bridge risks 2 months ago The LayerZero Risk Explorer: sekuba.github.io/dvnstats/ex…

🚨NEW EPISODE: The RWA Reality Check🚨 In today's episode, we're joined by @JW_Seoul from @NexusDataLabs for a deep dive into the current state of RWAs, onchain data, and where real usage actually stands. We discuss: - JW’s path from TradFi credit to onchain analytics - Building Nexus Data Labs - The reality behind RWA growth vs headlines - Why most RWA stablecoins sit idle - The missing piece: DeFi composability - Permissioned vs permissionless token constraints - Tokenized funds, treasuries, and actual usage - Prediction markets growth and Polymarket dominance - Hidden revenue dynamics of stablecoin collateral - Polymarket’s impact on Polygon usage - Onchain data gaps and the rise of crypto data analysts - The convergence of TradFi and crypto skillsets And much more—enjoy!

We raised $5M led by Dragonfly to build a global lottery

Come to EthCC mainstage for a data focussed deep dive into the world of interop 🌉 April 1st @ 3:10pm

Why don’t they just tokenize the oil in the Middle East and transport it across permissionless financial rails, thereby avoiding the Strait of Hormuz altogether

Some bridges are much riskier than you may think and @l2beat wants to make sure you’re aware Really interesting conversation with @donnoh_eth

We started by bringing transparency to rollups, and we’re working to extend that clarity to every key component of the ecosystem’s tech stack. Now, we’re doing the same for interoperability. We’re thrilled to unveil L2BEAT Interop - your go-to resource for tracking how value actually moves across the ecosystem.

Open Interest in Prediction Markets is currently sat at just over $1B! @Kalshi leads with $467M @Polymarket follows with $389M @opinionlabsxyz is third with ~$120M @predictdotfun has $20M Remaining marketplaces have just under $5M combined

Dragonfly just closed $650M for Fund IV. While most of the market is fixated on short-term price action, here's where they're actually looking towards in 2026/27. @TheOneandOmsy, Partner at @dragonfly_xyz: " @Monad, @MegaETH, @Ethena, those are startups. We look at them over a 10-15 year duration. This is just the very beginning of their story." On the payments side, local stablecoin issuers launching in foreign markets caught his attention most. "For onchain FX to be real, you need underlying liquidity in each of those local stables and deep markets. We're taking long, hard looks at that." New neobanks, fintechs adopting crypto, RWA primitives. Their aperture is wide.

We just closed Dragonfly Fund IV at $650M. It's a big milestone, and yet, it’s a weird time to celebrate. Spirits are low, fear is extreme, and the gloom of a bear market has set in. But here's the thing: we raised almost every single Dragonfly fund into bear markets. Fund I we raised through the 2018 ICO winter, when almost nobody believed in this space anymore. Fund III we raised right before Luna collapsed. Those were brutal times to deploy capital. But they turned out to be our best vintages. Last week I caught a lot of heat for arguing that non-financial crypto has failed. I meant that. But the flip side of that argument is: financial crypto is exploding. Stablecoins are eating the world. DeFi has grown so big it's rivaling CeFi. Financial institutions around the world are racing to build out their crypto strategies. And prediction markets are becoming the most trusted source of truth on the internet. Fund IV is our biggest bet yet that the crypto revolution is still early in its exponential. If you look at our recent bets—Polymarket, Ethena, Rain, Mesh—the growth speaks for itself. Agentic payments, on-chain privacy, the tokenization of everything—crypto's surface area is about to explode, and we want to be backing the founders at the center of it. We've always believed that the most important work gets done when the noise dies down. We believe moment is now. In fact, we’re putting money on it. If you're building what comes next, @ us.

🚨NEW EPISODE🚨 Who is the leading crypto payment card? Today we’re joined by @datadashboards, Co-Founder at Paymentscan. In this episode we’re discussing: - @Dune as the new frontend for data - Onchain vs API data confusion - @Polymarket vs @Kalshi data transparency - Notional volume vs real volume - Open interest spikes explained - Sports dominance in prediction markets - Data plumbing vs product narratives - Crypto payment cards landscape - Privacy tradeoffs in onchain payments - Stablecoin usage across cards - Cashback incentives and token risk - Building Paymentscan.xyz And much more—enjoy!

We studied 282 NFL games and found that ☝️ @Kalshi leads faster pricing in reaction to live-game by 7s, while @Polymarket's design provides deeper concentrated liquidity by 3.5x. Bookmark this as your guide for the SuperBowl game betting this weekend! 🧵: panteraresearchlab.xyz/resea…