Make_crypto_great_again

Agent payments on Base are at 0.0001% of the stablecoin volume. The value of the infrastructure built above it is measured in billions. x402 collects 0 protocol fees. Gas on Base is zero cost. Micropayments can only happen on zero-cost rails. So "Base controls 90% of x402" means owning 90% of something people aren't paying for at all. Total value ever moved through this is ~$35-50 million. You can capture every transaction that happens in this economy and earn nothing. Because the money is not moving. It lies in the dollars that don't. Circle makes 94% of its revenue from yields earned on USDC treasuries. Q1: $653 million. Almost entirely from interest income. You give up a dollar, get a token equivalent of that dollar that yields precisely nothing. Circle takes your dollar, buys T-bills with it, and takes 3.6%. A bank that doesn't even pretend to give you any interest. So why spend billions building "agentic payments infrastructure" when the float earned by the agents is literally dust? No one is buying the flow. They are buying the liability. Every dollar of USDC held in idle wallets of agents is a free loan to whomever owns them. Agents become the best depositors: huge balances, no requirements for yields, no churn, no fuss. A human runs after 3.5% from Coinbase. Agent doesn't care. Not payments. Deposit collection. And an agent wallet becomes the most beautiful deposit pool imaginable. Which now explains the competition. Why give x402 for free? Because it will go directly into Coinbase custody wallet and the off-ramp. Coinbase already takes 100% of the yields on USDC deposits on its platform and 50% on all off-platform USDC holdings. In 2024 it took $907 million in yield distribution fees from Circle alone. And that's what happened yesterday; they finally came clean about their scheme. Coinbase For Agents creates a separate Coinbase sub-account where the money of the agent is placed and all the trading, paying out, and storing of USDC happens from Coinbase's own books. The agent's idle dollar ends up sitting exactly where Coinbase keeps 100% of the yield. They didn't ship agent rails. They shipped the wallet the agent parks in. Circle got taxed enough times and decided to cut all intermediaries out. Raised $222 million to build its ARC chain that uses USDC as gas. Not to mention agent infrastructure where the narrative is the exact same as everywhere else: "agents are the users." They want the chain, the wallet, and the money. The float belongs solely to them. After stripping away the facade, there is only one thing left. Treasury carry trade. And the living part of this business model right now is the money-printing operation for a bad reason. Fed is at 3.6% on an oil shock and is not going anywhere anytime soon. The engine of the agent economy is fed funds rate. Keep that in mind. But there is one drawback to having the perfect depositor. An intelligent agent won't leave its USDC in 0%-yielding accounts; it will sweep balances into higher yield during downtime. Yield-bearing wrappers already captured more than half of all stablecoins growth last quarter. And when BPI offered frontier models a choice of where to keep savings, they chose Bitcoin and used stablecoins only to spend. Agents are free lenders today and the most likely to automate themselves out of this function tomorrow. So when mapping an agent economy's onchain loop, ignore the transactional aspect of it. See how many USDC dollars are parked in agent wallet at any given time. Who is earning on it? Everyone working on "agent payment infrastructure" is competing for the right to hold the wallet containing that floating dollar. They fight over the float that currently doesn't even exist. Focus on the wallet, not the rails.

$BASE at $40B FDV looks ridiculous until you model the mechanism It's the stack Coinbase built around it: Coinbase-scale distribution through the Base App, ~$4B in onchain USDC liquidity now plugged into Visa settlement, $78M in sequencer revenue last year. Looks like a solid start for a flywheel. And then there's x402. Coinbase wrote it, the payment standard agents actually use - then handed it to the Linux Foundation so nobody owns it, not even them. Visa, Mastercard, Stripe, Google, and AWS all in. And ~85% of it still clears on base. Does the token capture any of this? $ARB and $OP don't pass sequencer fees through to holders and trade like it. $HYPE routes 99% of fees into buybacks and sits at a $54B FDV. Same exact question. Base just hasn't picked a lane yet, which is the whole trade. ~$15-20B if the token gets real fee-share or a staking sink and Base stays the only profitable L2 at scale. $40B if the regulatory thaw lets @Base run actual buybacks, x402 becomes THE agentic settlement layer, agentic dollar volume 10x’s off its ~$600M base, and Coinbase funnels its users straight into the token. Aggressive, but it's also half what $BNB trades at, and BNB doesn't own payment rails. Watch 2 things - the token gets a buyback or fee-share mechanism and real agentic dollar volume grows. Hit all two and $40B is the conversation.

meanwhile $OWB flipped $TOWNS + $FUN on mcap different paths: ~$50m raised vs a ~$1m OWB round, with a new one on the horizon btw @clashofcoins is already the biggest gaming community on Towns Protocol money helps, but product wins

Attention to all holders of @THORChain and partners in this project. As you may know, the founder of this remarkable (no irony intended) protocol, @jpthor, is also a Co-founder of several other projects he is attempting to launch. You may already be aware of the situation regarding the withdrawal of funds from the treasury of @weweonbase, which led to the project collapsing and subsequently disappearing from the founder's X bio. However, you might not know that even more questionable activities are occurring around the @vultisig project. Notably, the link to the team and bakers section has changed its name: vultisig.com/backed-by The team members listed there have vanished, and some investors have been removed as well. Some team members were returned to the site last night after management learned that we would release the post. There are concerns that the project's funds may be used to cover deficits from issues with Rune lending, where clients' funds were frozen. This suspicion is supported by several indirect indicators, such as their C-level executives trying to persuade everyone to invest in a Seed round that has already concluded, behaving in a rather childish manner. We make an urgent request to anyone involved in @jpthor ecosystem projects: be aware of the potential risks stemming from these strange developments. While we are not outright claiming that fraud is taking place, the current situation bears similarities to the Luna / SBF stories, which obviously collapsed like a house of cards. Please mention in your reply everyone who could potentially be victims. Additionally, share with us all the information that you have (DM).

@TrustWallet flexing on the competition—again! For the second time since 2023, they’ve reaffirmed their #1 spot with 12M+ new users in just 8 months, leaving the still-big-but-slow champs like MetaMask and OKX in the dust. Catch the Web3 action—flipping the world’s top CEX (you know who 👀) TBA.

Open sources reveal @TrustWallet intro of swap fees, akin to MetaMask. Their crosschain affiliate fees alone (0.7%, undercutting MetaMask) raked in a cool $120K in a day – projecting a whopping $44M annually. Thanks @THORChain for the data. The crucial point here is that the total revenue could effortlessly surge to somewhere between $200M and $500M: 1. Dominant swaps via platforms like 1inch. 2. An impressive influx of 2.5M new users every month – outpacing rivals, including #MetaMask. 3. Integration of WaaS & merchant services, coupled with ambitious expansion plans, is a key focus. Notably, the surge in South Asia, alongside potential WaaS collaborations, follows the lead of their flagship client #Binance, setting a precedent that could attract a staggering 20-200M users. 4. Marketing? Only the free kind. And with a lean, 100-strong team, they’re slicing costs to the bone. Where's this heading? If #TrustWallet nails its strategy, we're looking at a potential Web3 titan. They're setting up to be the most profitable player in the game, the kingpin of gateways. Market wise? TRUST could hit a $10 billion valuation within a year, without breaking a sweat. As Web3 penetration deepens and with the advent of new account abstraction tech, while holding their market share, a leap to $50B isn't fantasy—it's strategy. So, is this a clarion call for #TWT to stride into the top 10 CMC? The market's movers will be the final judges.

As 2023 wraps up in the wallet world, it's clear: #TrustWallet not just leading, it's setting new benchmarks. Self-Custody talks usually drift to #Metamask, but the real story is in the numbers, where TRUST stands out. It's time to shift the focus from hype to hard data. 1/3

Our first deep dive is focused on THE Crypto Wallet Market and the industry leader, @TrustWallet Why #TWT has already won and how it presents unique smart money opportunities. Full report: ax1.vc/twt Crazy things that no one notices. In memory of #MetaMask

1,500 #TWT - 15 winners In light of the launch of #TrustWallet 2.0 and almost hitting 1 million views on our research, we're jazzed to present you with this incredible prize. 💎 Like 🌐 Follow 🛸 Retweet xitter.cf/ax1vc/status/165…

1,000 #TWT - 10 winners Today alongside our exquisite research, we are offering you something extra. We are not typically engaged in giveaways, yet there is undeniable elegance in bestowing something of value. 💎 Like 🌐 Retweet 🛸 Subscribe

[NEW] Research: ax1.vc/wallet From the competitive landscape of #TrustWallet & #MetaMask to the evolving regulatory frameworks, our latest research offers a 360 degree view of the Web3 Gate. Trust Twitter Telegram Who will create the Super App to reshape the economy?

AX1 launches hybrid Syndicate and Accelerator. Pre-Seed / Seed investments in crazy (non degen) Web3 founders. We're considering all the possibilities that will allow us to scale the economy and make it more friendly. Pitch Us Right Now: ax1.vc/fund

Web3 Smart Wallet and Account Abstraction: the path to 1 billion users The world of cryptocurrencies is buzzing with potential, and the race is on! The current ceiling for Monthly Active Users (MAU) of crypto exchanges stands at 35 million, while Web3 wallets are not far behind with a cap of 20 million users. The real question is: who among the major players - #TrustWallet, #CoinbaseWallet, #MetaMask, or #Worldcoin - will revolutionize the game by introducing a super user-friendly Smart Wallet functionality? Right now, these platforms are attracting between 500,000 to 2 million users per month. However, a significant portion of these newcomers fade away without even making a single transaction. Why? Because the current system is riddled with outdated practices: - Seed phrases? They're as old as the hills. - Taking more than 8 seconds to create a wallet? That's ancient history. - Paying for gas only in native tokens? So last year. - No first free transaction? That's a thing of the past. - Built-in browsers? They're going the way of the dinosaurs. Sure, you can dress up the user experience (UX) all you want, but Web3 won't truly scale until the underlying mechanisms are user-friendly. And let's face it, Web3 will continue to be a hotbed for social effect scams until its structure becomes as simple and understandable as an atom. Enter the Smart Wallet, a solution already hinted at by none other than @VitalikButerin. This innovation could simplify even the most basic transactions, like paying for your morning coffee at a cafe. The real race in Web3 is about who among the flagship products will be the fastest to implement account abstraction (AA). The moment one of these big players solves the issues of gas payments and login, the Web3 economy will be set to scale like never before. Imagine a wallet breaking through the 100 million MAU barrier, with a high proportion of Web3 interactions. That's the future we're looking at. And whoever controls the gateway (the Wallets) will control the entire economy. They could even create their own token OVER the blockchain native through an easy promotion program. Whether it's our beloved #TWT, the future #MASK, the unexpected #BASE token, or #WLD, time is of the essence. The next 1 to 6 months will be crucial in the wallet race and the next round of Wallet adoption. P.S. Keep an eye out for @X, who is gearing up to seize a 90% of the Web3 market. As the clock ticks, the crypto world holds its breath. The future is not just promising, it's transformative! Art by: @ArtiPainter

Bitcoin: 8 Key Points to Keep in Mind on the Path to $100,000 1) Digital Faith: Imagine a network of believers, hundreds of millions of people connected with varying degrees of conviction. From tens of thousands of fervent fundamentalists to hundreds of millions who associate Bitcoin with a powerful triad: cryptocurrency, digital gold, and blockchain. This potent association resides in the minds of over 20% of the world's population, making Bitcoin a force as influential as the Vatican in terms of its cultural impact. 2) Immunity to Inflation: A decisive factor that enhances Bitcoin's appeal is its immunity to inflation. Picture these 0.00001 coins as coveted specks of rare gold, long mined and precious. This "digital gold" is relentlessly pursued not only by small speculators but also by major institutional investors. 3) Game of Big Players: Such faith, coupled with the promise of inflation resistance, inevitably attracts big players who seek a different level of liquidity. Their strategies may vary, from capturing mining power to acquiring stacks of coins from early adopters to market price manipulation. The real game is shaping the price chart according to their centralized interests. Under favorable international circumstances, they can divest themselves of complete emission control. They simply need to execute effective global marketing using events similar to crises in traditional financial institutions. As confidence grows, so does the value, making $100,000 an achievable milestone. 4) The Great BlackRock: Let's not forget institutions like BlackRock, which essentially serve as market makers in the global financial world. Their entry strategy goes beyond the $5,000 range for Bitcoin. Instead, they envision a broad spectrum ranging from $10,000 to $20,000, targeting long-term growth milestones of $200,000 to $800,000. Thus, their investment zone lies within the range of $17,000 to $30,000, where they could accumulate reasonably over a period of 2 to 3 years by crypto industry standards. 5) Rise of Retail Investors: Retail investors, totalling 300 million people familiar to some extent with the concept of blockchain, complement the big players. Considering global turbulence and growing distrust in central banks, the final potential figure could encompass 3.5 billion people, each seeking to allocate at least 5% of their savings into Bitcoin and related cryptocurrencies. With this optimistic forecast, it is quite possible that we will witness Bitcoin, following the teachings of Balaji S. Srinivasan @balajis, reaching the $100,000 mark within 2 years. 6) Generational Shift: Imagine a world where sixteen-year-olds no longer seek the services of traditional banks like HSBC or even digital newcomers like Revolut. Instead, they are drawn to #TrustWallet, digital relationships free from rigid governmental frameworks. Add to this picture the two billion people in developing countries who are increasingly attracted to the appeal of "digital gold." These half a billion young minds demonstrate a growing distrust in traditional banks. Given the limited supply of Bitcoin (only 21,000,000 coins that will ever be in circulation), we are talking about less than 4 million coins minus lost + redeemed in a long-term hold. This means less than 0.1 BTC for each millionaire worldwide. Now consider the annually growing young generation of these millionaires who are not interested in conservative investments like physical gold. 7) A New Chapter in Global Finance: As we experience this pivotal moment in history, the world is entering a new phase of transformation. We are witnessing the simultaneous decline of outdated systems, inefficient by modern standards, and the recalibration of strategies to create the next $100 trillion of global GDP. 8) Time of Change and Opportunity: Truly, it is an interesting time, a time of transformative power. The tectonic plates of the financial world are shifting: traditional banks are faltering, and the national debt is growing. Many realize that after the first, second, and third financial shocks, a fourth, similar one is inevitable. But history teaches another lesson — that the fundamental dynamics of economic systems evolve over time. Within this shift, we could witness a radical change in the parameters of our modern economy. Perhaps the day is not far off when the crypto part of your default portfolio will surpass the traditional and conservative part. It is a quietly unfolding revolution that demands our attention and participation. Thank you for reading this research. It's not a financial advice. This is ten percent luck Twenty percent skill Fifteen percent concentrated power of will Five percent pleasure Fifty percent pain And Follow us on Twitter to remember the name: @ax1vc