He’s saying he sold more than 32 - this is bullish

Remember how fast things can change.

I'm hiring for a new associate role who will be working with me directly. If you are passionate about crypto and lending, work more than live and want an opportunity to massively accelerate your career, apply! Heads up: it won't be easy and NYC is preferred

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Some personal news*  I've recently joined @aave 👻 as Chief Strategy and Business Officer. After ~4 months of rest and reflection regarding the state of the industry, my personal life, and my ambitions, I feel more invigorated and determined than ever to contribute to the crypto space. When I stepped away from @AvaLabs earlier this year, I said I'd take time to think carefully about where I could contribute most. I’m grateful for the awesome opportunities I've been able to consider. The answer became clear over the past months and many conversations with @StaniKulechov and the Aave Labs team. I've long known Stani and Emilio and admired their work. Like them, I believe the future of finance is onchain, and Aave is at the center of this evolution. Aave has the opportunity to provide a better way to borrow and lend, and to build credit markets at internet scale. The legacy financial system is slow, fragmented, and quietly extractive, and most of the world is underserved by it. Aave has spent years proving, in production and across cycles, that an open and programmable alternative works at scale. The next chapter is about turning that foundation into the credit and capital markets layer of the internet. In this new role, I'll lead strategy, business development, and core operational functions,  working closely with Stani and the team to strengthen what's already working while pursuing the next set of opportunities ahead of us. I'm joining at a pivotal moment. The events of the past week have made clear there's real work to be done and lessons to be drawn. I’ve been working non-stop with the team on the recovery effort this past week and I have no doubt that Aave will emerge even stronger. What I've seen up close is grit, focus, and determination under pressure. This is exactly the kind of team I want to build alongside of, and it makes me even more confident about where this is all headed. -Luigi

Writing an avalanche acp to rename avax to AvaxAI

Humbled and grateful for @jayplayco's reflection on The Frontier, an avalanche institutional conference with @Deloitte x @tiger_research_ 🔺: see below for translation. Avalanche, the B2B Powerhouse At yesterday's forum, there was a presentation by @justinkim415 from @avax, and I decided not to share the notes right from the scene but to organize my thoughts first and then share them. The reason is that, honestly, most of these pitches from such chains boil down to cramming "We're fast, we're big, we're great, we're awesome" into 10 minutes. You can usually get a rough sense of their USP and KPIs just by skimming the foundation's official site and Twitter, so these pitches don't usually come with high expectations. But this time, Justin's pitch was so packed with insights from the very start that I regretted not recording every bit of it—it was absolutely one of those must-listen sessions if you're a business grappling with blockchain adoption. The reason? It shared real-world case studies with tangible realism about how institutions and companies are already collaborating with Avalanche: what kinds of challenges they're pondering, and how they're integrating blockchain into their operations. (Of course, there were the occasional "Avalanche is fast, it's great, it rocks" moments sprinkled in. But they felt just right.) -- Key Content Summary -- - Avalanche is currently working with a significant number of companies and institutions. - It's not about directly integrating with the Avalanche public chain. - Instead, they create separate enterprise-specific L1s built on Avalanche. - A key feature here is that companies typically opt out of pure public chains, choosing permissioned networks or hybrids of permissioned and public ones. - The reason is straightforward. Especially for security or data that can't be exposed externally, blockchain's inherent traits make it impractical for businesses to leverage otherwise. - Avalanche is already preparing custom L1s with giants like Toyota, and China's Fosun Group has launched a stablecoin like FUSD on Avalanche. - Sure, alternatives like Solana exist, but when it comes to jointly ideating and executing custom L1 solutions, Avalanche seems unrivaled in the B2B space right now. Personal Thoughts Peeking a bit deeper, it looks like Avalanche provides enterprises with subnets via their own custom L1s. Currently, this seems to be rebranded as L1s. Subnets are something other chains like Lambda have already built and operated, but given Avalanche's business development strength, it feels like they zeroed in on B2B expansion pretty early on. Positions like regional leads appear to have been poached from traditional institutions or finance, optimized for business development from the get-go. This sets it apart qualitatively from, say, Polygon's early efforts to directly onboard enterprises onto their main chain. In other words, with Polygon, I see it as providing marketing-oriented ways for companies to leverage blockchain. But for Avalanche, collaborating with behemoths like Toyota would have demanded an entirely different communication DNA. And to get to innovations like @DinariGlobal's solutions (real 1:1 backed stock tokens with actual voting rights, distinct from xStocks concepts), it required a resolve and execution power to co-design fully customized L1s unlike anything in traditional blockchain. In Korea, too, NHN KCP is running a payment system POC on Avalanche L1s, and Danal with Jeonbuk Bank is conducting stablecoin POCs via Avalanche—signs that if a blockchain infrastructure is needed to integrate with enterprises, Avalanche currently outpaces other chains in responsiveness. Of course, if every company runs its own L1, costs balloon, and liquidity access gets messy with cross-chain complexities. But I suspect enterprises and financial institutions might prioritize security and controllability over seamless interoperability. And Avalanche just nails that itch. DefiLlama shows Avalanche's TVL at just around 750M right now, but that's only the mainnet portion. Factor in active L1s and the unseen asset flows from enterprise activity, and I'd wager we'd need to reassess its valuation entirely. It was a great chance to peek into the direction blockchain infrastructure is heading.

One more institution entering crypto via avalanche. 🚨JUST IN : Korea's JB Bank completed its KRW stablecoin and tokenized deposit pilot on @avax

How do you explain AI to your grandma? Best I have is - “Think of it as a genius toddler” or “It’s god in your pocket”

My guess is - blackrock kicks off the altcoin run just like what they did with bitcoin. I guess we just sit and wait till then.

Grayscale Avalanche Staking ETF (Ticker: $GAVA) offers investors direct exposure to $AVAX. 🔺 Ticker: $GAVA starts trading tomorrow.

Quick question: How do we verify Jesus returned? Do we ask the guy to convert water to wine?

AVAX seems to be one of the only chains out there that get these volatile random adoption spikes with crypto native users - think about 2021 (defi season), 2024 (social-fi was huge for a couple weeks), I feel like we are upon another random event spawned from the community. Is it AI? Who knows but seems like AVAX is one of the only chains out there that gets this random volatile user spike. What other chain actually has this crazy level of moments? Only other chain i can think about is solana, but they seem more consistent with their memecoin marketshare ownership. Bullish.

ERC-8004 is now live on Avalanche C-Chain. Developers can now deploy AI agents with on-chain identity, discovery, and portable reputation, all natively on Avalanche. 🧵

I view the crypto market as sitting at a high-stakes cash game. Understand the game and understand the players you're up against. So my previous posts aren't an attack on Bitcoin but rather an understanding of how the game is played. Bitcoin has gone from $1 to $125,000 in 15 years. If you were perceptive to the narratives forming, you did very well. Some general rules: We're no longer super early to crypto, so if you made a decent amount, it wouldn't be wise to sit with your entire stack. Put a portion to work, diversify a bit (can dive into this in another post). You will play a lot better with an amount you're comfortable with. A narrative I see forming is Zero Knowledge/Privacy over the past year. We see Balaji (ex-Coinbase CTO and Silicon Valley elite) pushing ZK narratives, particularly Zcash. Others pushing the narrative are Naval (AngelList, etc.). So Zcash may be an interesting entry here to scale into at the $200 level. I took the dip as an opportunity to add an amount I'm comfortable with and will hold for years to come if the big players decide to send it. It has a cool narrative and makes sense and has influential crypto-native folks involved. Monero can also be a solid option, though I think Monero might be a bit older and not as tightly controlled by Silicon Valley players, so it may be more difficult to move, but it has amazing history and is always a top player. If we see ZEC and Monero continuing to move up in price, many new privacy startups will pop up that will try to grab attention with other flashy narratives. We're also seeing guys like Larry Fink talking about tokenization. I think this area will be very difficult for regular retail to get solid entries on. Guys like Larry are obviously influential, but they aren't crypto-native OGs. So trying to hit the tokenization narrative from now by guessing which chain they will build on is extremely difficult to speculate on. I think it's more likely that the most to benefit are companies that would have gone the IPO route but now opt for tokenization. Understand that the game will get harder. Most coins will drift to zero, as for the most part their valuations are extremely bloated, they produce zero profits, and they bleed money (subsidized by just issuing more tokens and dumping on retail, which is not sustainable). As for Bitcoin, it's the king daddy asset. It might dump to the $40k range, or maybe it's finding a bottom here, but long run it's here to stay and will have its day again. A dump to $40k will offer the most incredible swing trade opportunity, so it's always wise to keep some cash reserves for such scenarios. Holding BTC is similar to holding an S&P 500 ETF for the crypto space. New narratives will form so stay patient and keep your eyes open. Most important rule: Spot cockroaches never die. May your coins be live and your pumps be monsters.

Good news now institutions know they cant be exit liquidity for altcoins. Etfs becoming more appealing for new entrants.

Ok SUPER BULLISH proposal to rally the AVAX community: 🔺 Launch a decentralized protocol where we can have validators join and have their stake be used to MEV Avalanche chain 🔺 The protocol simply just uses the MEV revenue to buy AVAX and burn it. There's roughly $70m-80m annual revenue out there for MEV on AVAX at current daily volume on-chain, but could go up to $550-650m annual revenue if volume goes up of buying pressure on AVAX. Think of this like a decentralized HyperLiquid economic protocol - where hyperliquid uses fees to buy HYPE, this is like using MEV to buy AVAX. This does THREE THINGS: 1) This will rally all AVAX community and validators to come together for greater good of AVAX 2) It would also increase stake ratio, reducing circulating supply on AVAX 3) Dramatically dampen MEV from participants not aligned with AVAX and redistribute the MEV revenue to AVAX community and create a flywheel