Expand Out of boredom, I stumbled upon a tweet from a friend who's an entrepreneur, talking about his recent work on something that "makes data move on its own." I paused for a couple of seconds: data can move on its own? Later I learned he was referring to @irys_xyz. Think about it: the data systems we used to use were all about "storing → retrieving → processing by other programs," like throwing a file into a black hole—you need someone else to retrieve it. But on Irys, the data isn't static. It's like hiring a capable assistant—it can set permissions, set billing, distribute data, and even execute logic automatically. For example: Previously, selling a dataset on the blockchain required writing a smart contract, configuring storage, and calling an external API; Now, on Irys, you can directly write rules into the data file itself, such as: "Who can access it?", "How much per access?", "What action is triggered after access?" The data itself can determine, execute, and settle the transaction—the entire logic is completed at the storage layer. How is this achieved at the underlying level? Irys uses a dual-ledger system: one ledger, called the Submit Ledger, handles rapid verification and sorting; the other, called the Publish Ledger, ensures permanent storage and traceability. One is fast, the other stable; their combination allows data to respond in real-time while maintaining integrity and security. It's EVM compatible, meaning developers don't need to learn a bunch of new stuff; they can directly write logic onto the data using existing Ethereum tools. My friend later told me with a laugh: "Data on Irys isn't static files; it's smart assets that 'talk.' Silent data—but when data is on Irys, it can talk." I didn't quite understand at first, but now I do. Traditional data is "passively stored"; Irys data is "actively executed." While others are still figuring out "how to read data," Irys is already making data "do things itself."

Expand We often say that blockchain is a trust machine, but in my view, current smart contracts are more like amnesiac geniuses. They can execute complex logic instantly, but they can't remember what happened yesterday, let alone make smarter decisions based on past experience. This directly leads to two real dilemmas: 1. Idle Data Goldmine: Massive amounts of user behavior data are stored on the blockchain, but DeFi protocols can't offer better interest rates based on your transaction history, and games can't provide personalized content based on your achievements. It's like owning a gold mine but having no tools to mine it. 2. High Cost of Innovation: Any innovation involving historical data or complex calculations faces exorbitant gas fees, effectively shackled developers' imaginations and keeping blockchain applications at the level of basic financial tools for a long time. The root of the problem is that blockchain sacrifices memory and computing power for security and decentralization, which is a reasonable trade-off. However, if we want to move towards true data-driven and intelligent systems, we must help this amnesiac genius recover. Brevis @brevis_zk The solution presented me with a remarkably ingenious approach to breaking the deadlock. Instead of attempting to fundamentally alter the blockchain's underlying structure, it chose to act as an external brain. My understanding is that Brevis (@brevis_zk), through zero-knowledge proofs, cleverly separates computation from verification. The heavy workload of data querying and computation is moved off-chain, while the on-chain focuses on its core competency: verifying lightweight ZK proofs. This not only solves the gas fee problem but, more importantly, opens the door to the past and the world of complex computations for smart contracts in a trust-minimized manner. This is not merely a technological upgrade but a liberation of imagination. We can expect DeFi that truly understands you, automatically adjusting lending amounts and interest rates based on your credit history. We can also expect self-verifiable on-chain games that implement more complex logic and fairly distribute rewards. Finally, we can anticipate transparent on-chain reputation systems that accumulate and verify your contributions and reputation across protocols. The emergence of coprocessors like Brevis may mark a new stage in blockchain's evolution, moving from a trust machine to an intelligent data machine. Its significance lies in the fact that we are no longer limited by the chain's computational power but can infinitely extend the boundaries of blockchain's perception and thinking.

Expand Dear Europe: By 2029, there will be $5 trillion in dollar-denominated stablecoins and AI agents using the x402 protocol, with payment volumes exceeding those of most EU countries and the US. Furthermore, US capital assets will be tokenized on public blockchains via smart contracts. At that point, we will lose control of Europe. Stop letting bureaucracy hold you back.

Expand Ethereum has become a high-value financial platform. 1. Since 2021, the number of contract deployments on Ethereum has declined, while the total value locked (TVL) of the ecosystem has continued to rise. Contract deployments measure the number of new smart contracts launched on Ethereum and can serve as an indicator of developer activity and ecosystem experimentation. Deployments peaked at 5.9 million in Q2 2021 but subsequently declined by 95%, reaching only 310,000 by Q3 2025. During the same period, the ecosystem TVL grew from $120 billion to $379 billion. This inverse relationship suggests that funds are concentrated in mature DeFi areas rather than emerging applications. 2. Level 2 payments and alternatives to Level 1 payments have absorbed a variety of experimental applications and captured the breakthrough applications of this market cycle. The low cost and high transaction processing speed (TPS) of Level 2 payments and alternatives to Level 1 payments (such as Base and Solana) make them a rational choice for developers building new applications. Several outstanding applications have emerged on these chains: Since January 2024, @pumpdotfun on Solana has generated $866 million in transaction fees, while the total value locked (TVL) of the @solana ecosystem has grown from $4.3 billion to $37.3 billion. During the same period, @AerodromeFi on Base generated $408 million in transaction fees, and the TVL of the Base ecosystem grew from $425 million to $11.7 billion. The Ethereum L1 layer has retained established DeFi projects, while the L2 layer and alternative L1 layers have attracted the attention of new application developers. 3⃣ Historical patterns suggest a strong correlation between contract deployments and ecosystem TVL growth—innovations that re-enable the Ethereum L1 layer may further boost TVL. The peak of 5.9 million deployments in Q2 2021 predates the all-time high for Ethereum ecosystem TVL later that year. This correlation also exists on secondary blockchains: @base completed 167.5 million contract deployments in Q2 2025, and its total value locked (TVL) has since grown to $11.7 billion. Ethereum's Fusaka upgrade in December is expected to reduce costs and increase transactions per second (TPS), thus bringing experimental activity back to the primary blockchain (L1). If Ethereum can regain even a small fraction of the deployment activity on chains like Base and Solana, it could potentially accelerate TVL growth on primary blockchains again.

Expand 🆕🤝 We are excited to announce a data partnership with @reserveprotocol! Reserve is one of the fastest-growing asset management projects on Ethereum and @base, boasting approximately $500 million in TVL and backed by institutions such as Coinbase Ventures, @peterthiel, and @sama. 🧵👇 2/ Reliable On-Chain Data is Crucial To improve stakeholder reporting, Reserve has partnered with Token Terminal, a leading on-chain data platform trusted by institutional partners such as @Bloomberg. Token Terminal's focus on data standardization makes it an ideal partner for Reserve. 3/ Token Terminal has publicly reported standardized financial and usage metrics for other leading DeFi projects (e.g., → @pendle_fi → @aave → @MorphoLabs → and more). 4/ “Partnering with Token Terminal allows us to compare performance with competitors in a fair and accurate manner, and provides a real-time dashboard that is a powerful tool not only for our team but also for all Reserve stakeholders.” — CEO of @mattimostABC Labs 5/ The data partnership comprises four key parts: 1️⃣ Smart Contract Registry 2️⃣ Metric Transformation 3️⃣ Discovery and Reporting 4️⃣ Data Maintenance Let’s take a look at each one 👇 6/ 1️⃣ Smart Contract Registry Token Terminal partnered with Reserve to maintain a tokenized registry of project smart contracts across multiple chains. This registry is the foundation for transforming raw blockchain data into standardized metrics. 7/2️⃣ Metric Conversion Token Terminal's research team has converted raw blockchain data into standardized financial and usage metrics, including: → Total Value Locked → Transaction Fees → Revenue → Daily Active Users → And more 8/3️⃣ Discovery & Reporting Reserve is now (i) listed on Token Terminal's Asset Management Marketplace dashboard and (ii) featured prominently on the "Discover" page. Investors and developers can now refer to a single source to evaluate asset management projects. 9/4️⃣ Data Maintenance Standardized on-chain metrics require continuous maintenance—especially as DeFi projects evolve from single-chain to multi-chain applications. Reserve can now rely on Token Terminal to manage future updates, allowing the team to focus on developing its on-chain ecosystem. 10/ 🔮 Future Opportunities We are excited to explore custom dashboards that include more project-specific metrics, providing investors and stakeholders with deeper insights into Reserve's capabilities and performance. 11/ Through this collaboration, Reserve translates transparency into a competitive advantage and continues to strengthen the trust of its growing community. Want to learn about Reserve's metrics?

Expand We often say that blockchain is a trust machine, but in my view, current smart contracts are more like amnesiac geniuses. They can execute complex logic instantly, but they can't remember what happened yesterday, let alone make smarter decisions based on past experience. This directly leads to two real dilemmas: 1. Idle Data Goldmine: Massive amounts of user behavior data are stored on the blockchain, but DeFi protocols can't offer better interest rates based on your transaction history, and games can't provide personalized content based on your achievements. It's like owning a gold mine but having no tools to mine it. 2. High Cost of Innovation: Any innovation involving historical data or complex calculations faces exorbitant gas fees, effectively shackled developers' imaginations and keeping blockchain applications at the level of basic financial tools for a long time. The root of the problem is that blockchain sacrifices memory and computing power for security and decentralization, which is a reasonable trade-off. However, if we want to move towards true data-driven and intelligent systems, we must help this amnesiac genius recover. Brevis @brevis_zk The solution presented me with a remarkably ingenious approach to breaking the deadlock. Instead of attempting to fundamentally alter the blockchain's underlying structure, it chose to act as an external brain. My understanding is that Brevis (@brevis_zk), through zero-knowledge proofs, cleverly separates computation from verification. The heavy workload of data querying and computation is moved off-chain, while the on-chain focuses on its core competency: verifying lightweight ZK proofs. This not only solves the gas fee problem but, more importantly, opens the door to the past and the world of complex computations for smart contracts in a trust-minimized manner. This is not merely a technological upgrade but a liberation of imagination. We can expect DeFi that truly understands you, automatically adjusting lending amounts and interest rates based on your credit history. We can also expect self-verifiable on-chain games that implement more complex logic and fairly distribute rewards. Finally, we can anticipate transparent on-chain reputation systems that accumulate and verify your contributions and reputation across protocols. The emergence of coprocessors like Brevis may mark a new stage in blockchain's evolution, moving from a trust machine to an intelligent data machine. Its significance lies in the fact that we are no longer limited by the chain's computational power but can infinitely extend the boundaries of blockchain's perception and thinking.

Expand Ethereum has become a high-value financial platform. 1. Since 2021, the number of contract deployments on Ethereum has declined, while the total value locked (TVL) of the ecosystem has continued to rise. Contract deployments measure the number of new smart contracts launched on Ethereum and can serve as an indicator of developer activity and ecosystem experimentation. Deployments peaked at 5.9 million in Q2 2021 but subsequently declined by 95%, reaching only 310,000 by Q3 2025. During the same period, the ecosystem TVL grew from $120 billion to $379 billion. This inverse relationship suggests that funds are concentrated in mature DeFi areas rather than emerging applications. 2. Level 2 payments and alternatives to Level 1 payments have absorbed a variety of experimental applications and captured the breakthrough applications of this market cycle. The low cost and high transaction processing speed (TPS) of Level 2 payments and alternatives to Level 1 payments (such as Base and Solana) make them a rational choice for developers building new applications. Several outstanding applications have emerged on these chains: Since January 2024, @pumpdotfun on Solana has generated $866 million in transaction fees, while the total value locked (TVL) of the @solana ecosystem has grown from $4.3 billion to $37.3 billion. During the same period, @AerodromeFi on Base generated $408 million in transaction fees, and the TVL of the Base ecosystem grew from $425 million to $11.7 billion. The Ethereum L1 layer has retained established DeFi projects, while the L2 layer and alternative L1 layers have attracted the attention of new application developers. 3⃣ Historical patterns suggest a strong correlation between contract deployments and ecosystem TVL growth—innovations that re-enable the Ethereum L1 layer may further boost TVL. The peak of 5.9 million deployments in Q2 2021 predates the all-time high for Ethereum ecosystem TVL later that year. This correlation also exists on secondary blockchains: @base completed 167.5 million contract deployments in Q2 2025, and its total value locked (TVL) has since grown to $11.7 billion. Ethereum's Fusaka upgrade in December is expected to reduce costs and increase transactions per second (TPS), thus bringing experimental activity back to the primary blockchain (L1). If Ethereum can regain even a small fraction of the deployment activity on chains like Base and Solana, it could potentially accelerate TVL growth on primary blockchains again.

Expand Interest rate cuts have been implemented, but instead of rising, BTC has fallen below $110,000. Is a bear market here? Holding native BTC, wanting to borrow some stablecoins for liquidity, but not wanting to remove the coins from the Bitcoin blockchain. @build_on_bob has dropped a bombshell: the Bitcoin Vault Liquidation Engine. It allows BTC to be directly pledged to any on-chain lending protocol, securely locked in the Bitcoin itself. Let's talk about the pain points. Current DeFi lending using BTC vaults has three major pitfalls: ➼: Whitelist system, poor liquidity, and easy centralization. ➼: If the position is flooded, it's all wiped out; you can't just sell scraps. ➼: Slow liquidation; a market tremor can wipe you out. BOB's engine? Directly crushes these! The core innovation is super simple: ➼ Liquidation for everyone: Whoever has spare cash can participate; no need to beg or plead. ➼ Smart Partial Liquidation: Only sell enough collateral to restore LTV, ensuring your BTC isn't completely wiped out. ➼ Blitz-Scale Transaction: The interrogation period is shortened to 10-60 minutes. Market volatility? We'll keep up! ➼ One-Click Atomic Transaction: Like traditional DeFi, a single transaction repays the loan and acquires the asset, with zero friction. How does it work? Instead of directly sending BTC to the liquidator, it uses a bridge model. Multiple liquidators work in teams, and smart contracts automatically distribute the profits. 50% of wBTC on Ethereum is tied up in lending—the demand is explosive! But that's a packaged version, and it's limited to one chain. BOB unlocks native BTC, a cross-chain frenzy—trillions of idle Bitcoin can finally play in DeFi, without abandoning the ironclad rule of self-custody. This engine truly brings BTC vaults to the forefront of lending. Bitcoin is no longer an outsider to DeFi. #bob #btcdefi

Expand JPMorgan Chase has completed its first fund servicing transaction via its Kinexys blockchain, marking the system's expansion from payments and repurchase agreements to the back-office infrastructure of the private market. The bank's asset and wealth management division, in partnership with fund servicing provider Citco, used the newly launched Kinexys Fund Flow system to automatically process and record capital flows for alternative investment funds on a private blockchain. This tool tokenizes investor information and automatically transfers funds between JPMorgan's brokerage accounts and fund managers via smart contracts, replacing traditional manual reconciliation and wire transfer processes, aiming to reduce operational errors and lower industry operating costs. (TheBlcok)

Expand Larry Fink shakes his head whenever Dimon starts to endorse cryptocurrencies, blockchain, stablecoins, and smart contracts, which I find utterly baffling.