AriF Yousafzai

SAYS AUTOMATED POOLS CAN BEAT THE BIG STOCK MARKET MAKERS 🚨🦄👀
$NVDAB $UNI
The @Uniswap founder posted his first long blog since 2019.
His question is simple. Can an AMM (a shared pool of two assets that sets price by code, not a trading firm) become a main way the world trades stocks, funds, and more, not only crypto coins?
The story he uses starts in 1976. 📅
Jack Bogle launched the first retail index fund (a fund that just copies a stock list and does not pick winners). He hoped for $150M. He collected $11.3M. Rivals called it "Bogle's folly."
Today most US fund money sits in this no-pick style.
@haydenzadams says tokenization (turning stocks and funds into tokens on a chain) is at that same early-mock stage.
What just changed 🏛️
🔶 @SECGov approved @Nasdaq and @NYSE to trade tokenized shares
🔷 @The_DTCC (the firm that settles almost every US security) ran live tokenized trades on 15 July 2026
🔸 full DTCC service still targets October 2026
Most talk is: same markets, faster, cheaper, always on.
Hayden says that hides the bigger change. Tokens can trade against any other token. That changes who can make the market (who stands ready so other people can buy and sell).
What @Uniswap already is 🛠️
In 2018 he built a protocol where anyone can put two assets in a shared pool and earn a fee when people trade. Hayden says it has settled more than $4.6T.
He also says DEXs (apps where people swap from their own wallet) went from under 1% of centralized spot volume to over 20%.
How a pool works
1) two assets sit in one pool (let's say ETH & USDT)
2) a trader swaps one for the other
3) the pool price moves on a fixed curve
4) the people who put the assets in (LPs - liquidity pools) earn a small fee
Three things in Hayden's example 📦
🔶 Nvidia token = a token whose price follows Nvidia the company
🔷 SPY token = a token whose price follows a big basket of US companies (Apple, Microsoft, Nvidia, and many more)
🔸 dollars = cash, like USDC
If Ali puts Nvidia + dollars in a pool, and Nvidia price runs far away from the dollar, Ali's pile changes a lot. One side grows. One side shrinks. That hurts if Ali did not want that swing.
Why Nvidia vs SPY is easier 📈
Nvidia and the whole US stock basket often move the same way on the same day. Both up. Or both down. So Ali's two sides stay closer. Same money. Less pain.
How a buyer still gets dollars 💵
Fatima can:
1) swap Nvidia for SPY
2) then swap SPY for dollars
She still ends with cash. The Nvidia/SPY pool never needed to hold dollars. Another pool does that last step.
Who can do this cheaper 💰
@citsecurities is a giant market maker (a firm whose job is to always be ready to buy and sell so other people can trade). It does about 1 of every 4 US stock trades. In 2025 it made $12.2B. It uses about $21B of its own cash to stand in the middle.
That firm wants to finish the day in dollars. It does not want to keep Nvidia. So it pays extra to stay safe when Nvidia moves.
Ali already wants to own Nvidia and the big stock basket. He does not pay that extra safety cost. He can take a smaller fee and still be happy. That is how a simple pool can be cheaper than the giant firm.
The live test 🧪
Hayden says 10 tokenized stocks already trade against SPY in Uniswap pools on @RobinhoodApp Chain.
He cites about $33M volume from more than 11,000 traders in the first 12 days. A lot of that was while US stock hours were closed. Some trades went stock-to-stock and never touched dollars.
Some meme coins even pair against Tesla or Costco tokens. Hayden calls that "vibes." The real price link is unclear.
But ⚖️
Those stock-vs-SPY pools are still tiny next to a firm that prints billions in one year.
Many stock tokens today are still a claim on shares held by someone else, not the same as a normal brokerage share.
Most Wall Street tokenization still looks like the same big firms, just faster. Hayden's claim is different: new people can make the market.
He thinks passive liquidity (anyone putting assets in a pool) can win the way index funds won. Long-run reports say about 90% of paid stock-picking funds lose to the simple copy fund.
have you ever provided Liquidity to Uniswap? 👇

VITALIK JUST UPDATED ETHEREUM'S BIG PLAN 🚨👀📅
$ETH
On 10 August 2026, @VitalikButerin put his 2023 plan next to the new Strawmap (Ethereum's public draft plan for the next few years) strawmap.org.
4 product changes that hit main Ethereum and every L2. ⚙️
1) Privacy on main Ethereum (not only on side apps) 🔐
Problem today:
On normal Ethereum transfers, the public can usually see who sent, who received, and how much. Institutions with huge capital don't like this model.
Goal:
People and companies can move money on main Ethereum without publishing every detail to the whole world.
What they want to build, in plain words:
✅ Private money moves on main Ethereum
✅ Harder for a validator to keep your private transaction out of the next block
Meaning:
Your private transaction first sits in the mempool (the pool of unconfirmed transactions waiting to be added to a block).
A validator helps decide which mempool transactions go into the next block.
Today a validator can skip your transaction on purpose, so it never gets confirmed.
EIP-7805 makes that harder: if many honest network nodes already saw your transaction in the mempool, the block is expected to include it.
✅ Wallets can switch the digital signature method used to approve a send
Straight meaning:
To send coins, your wallet must create a digital signature (math proof that you approved that transaction).
Today most wallets use one old signature method.
EIP-8141 lets wallets use newer signature methods.
Those newer methods help private transactions now, and quantum-safe wallets later.
When:
Most of this is aimed at the Hegotá period (after Glamsterdam). Rough target window: late 2026 to 2027.
2) Quantum safety (future computers that can break old crypto math) ⚛️🛡️
Today Ethereum uses digital signatures to prove “this wallet allowed this send.”
A strong future quantum computer could break that old math.
How they plan to do it (simple path):
🟥 Give users EIP-8141 so wallets can switch to quantum-safe approval methods over time
🟧 Rebuild validator voting with hash-based signatures (new style that quantum machines struggle to break), then compress the bigger data with proofs so the network still runs
🟨 Move data and app proofs toward STARK-style / hash-based systems that are safer against quantum attacks
When:
📅 Core post-quantum work is aimed around 2029 on the Lean Ethereum path
📅 Early wallet flexibility starts earlier (EIP-8141 around the Hegotá window)
📅 Full migration for all users and apps takes longer after that
3) Main Ethereum wants to get much faster 📈
Draft scale goals on the Strawmap:
💎 Main Ethereum (L1): about 10,000/tps transactions per second class target. (25-30 tps today)
💠 All L2s together: about 10 million transactions per second class target (mainly by giving L2s more cheap data room)
Near-term upgrade for scale:
Glamsterdam (targeted around late 2026)
It cleans how blocks are built and how clients read block data, so the network can safely raise capacity.
The plan is NOT “delete L2s.”
The plan is “make main Ethereum stronger, and still scale L2s hard.”
4) What happens to L2s then? 🔗🧠
Old story (2020–2024):
L2s exist mainly because main Ethereum is expensive.
People used @base, @Arbitrum, @Optimism and others mostly for cheaper fees.
New story from this roadmap:
Main Ethereum wants to be faster, more private, and quantum-safe.
L2s still get a giant data path (the “teragas L2” goal).
There is also EIP-8079 (native rollups, still draft): some L2s may reuse main Ethereum’s own checks, so they become simpler and closer to mainnet security.
🟥 If main Ethereum fees fall a lot, pure “I am only cheaper Ethereum” L2s get hurt
🟨 L2s that still win are the ones with a real extra product:
big user distribution, special app rules, company/compliance needs, unique consumer apps, or much better UX
🟩 Native rollups, if they ship, do not kill L2s. They just make it harder to survive.
If main Ethereum becomes faster and more private, will most users still need an L2 every day, or only for special apps?