Morpho (MORPHO)

One of the most bullish DeFi calls on Wall Street right now: Standard Chartered projecting Morpho at $60 by 2030, a 33X. @andyyy thinks the banks are directionally right yet still won't buy the token until the value accrual gets fixed. https://t.co/VE7Q68IgY9

Robinhood Chain crossed $100M in TVL in under a week. Most of that capital flowed into @Morpho through Robinhood Earn. That’s the capital layer. The next question is how the trading layer develops around it. Two projects provide an early glimpse. 1. @Rialto_xyz: Building the execution layer Rialto is more than another DEX. It’s building a trading venue where crypto, tokenized equities, ETFs, and commodities can coexist. That’s a much harder challenge than matching crypto orders alone. If Robinhood Chain wants tokenized assets to become an active market rather than simply exist on-chain, it needs infrastructure built specifically for that purpose. Rialto is among the first protocols taking on that role. ➢ Fees (annualized): $129k ➢ DEX volume ATH July 8: $1.54M ➢ 30-day DEX volume: $1.47M 2. @Arcus_xyz: Expanding the derivatives layer Arcus approaches the ecosystem from a different angle. Built by the team behind @dYdX in partnership with Robinhood Crypto, it brings together spot assets, Stock To

back to this as i used to write these thesis a while ago it’s a good way to map out and communicate my thoughts clearly i will start with my first thesis $MORPHO my view is that defi lending: - moves from pooled money markets into modular credit infrastructure, as institutions enter and it becomes too big to fail - creation of specialized credit markets, risks contained, composability increases - upside is its growing loan base and fee activity eventually accrue into $MORPHO token value overview - morpho is modular lending infrastructure, not just another money market. - aave is closer to a pooled lending protocol. - morpho is closer to a credit engine where different markets can be created with custom collateral, loan assets, LLTVs, oracles, and risk curators. - my bet is that defi lending moves from generalized pools into specialized credit markets: stablecoin lending, ETH-backed borrowing, BTC collateral, RWA collateral, institutional vaults, and fixed-rate lending. key numbers - market cap: ~$1.23b

Robinhood Chain crossed $100M in TVL in under a week. Most of that capital flowed into @Morpho through Robinhood Earn. That’s the capital layer. The next question is how the trading layer develops around it. Two projects provide an early glimpse. 1. @Rialto_xyz: Building the execution layer Rialto is more than another DEX. It’s building a trading venue where crypto, tokenized equities, ETFs, and commodities can coexist. That’s a much harder challenge than matching crypto orders alone. If Robinhood Chain wants tokenized assets to become an active market rather than simply exist on-chain, it needs infrastructure built specifically for that purpose. Rialto is among the first protocols taking on that role. ➢ Fees (annualized): $129k ➢ DEX volume ATH July 8: $1.54M ➢ 30-day DEX volume: $1.47M 2. @Arcus_xyz: Expanding the derivatives layer Arcus approaches the ecosystem from a different angle. Built by the team behind @dYdX in partnership with Robinhood Crypto, it brings together spot assets, Stock To

I was doing some reflection on the past two trading years. back in early 2024, @kelxyz_ set up this group chat with some sharps. the first iteration of the chat had a shared google doc. every few weeks each member would write a pitch and share with everyone for critiquing/feedback. so yesterday I pulled up the document to see what I had pitched and how my ideas had performed since then I pitched 3 longs in 2024: > Maple finance (SYRUP) at $60M before the Syrup conversion > Metadao (META) at $7M before the first Paradigm round and the new contract migration > Across (ACX) at $120M since then: > Maple did a 10x. currently still up more than 3x from my initial long > Metadao did a 30x and is still up more than 10x from my initial long > Across didn't work out there are many lessons one can take from this but if I'd to boil it down to just one it would be to be more patient. literally check prices less. do less. Those returns and the IRR over a two year period is top decile by any measure. but it's so easy to