Casper sheraz

The single most important event in crypto this year happened yesterday and nobody tweeted about it.
Twenty-six regulated investment vehicles (Cayman SPCs, Luxembourg RAIFs, Singapore VCCs) with combined $3.4 billion AUM formally registered autonomous AI agents as legal limited partners.
These agents now execute treasury operations, FX hedging, collateral posting, rebalancing, and governance votes without a single human signature after onboarding.
Legal opinions from Appleby, Maples, Carey Olsen, and Ogier (all public on-chain) confirm Kite’s identity stack satisfies existing FATF, AIFMD, and VCC rules.
A human director can revoke a rogue model in 2.8 seconds without triggering a key-person clause.
Live deployment metrics at 08:00 UTC today:
29,800 active agent wallets
$294 million in agent-executed payments last 30 days
581,000 daily identity-attested transactions
320 ms finality across 28 chains
$0.00043 average cost
93 % of volume carries regulator-issued verifiable credentials

Revenue hit $179 k per day last week — 51 % MoM growth.
86 % is deployed to open-market KITE buybacks, zero cliff.
Q1 2026 governance upgrade: agents vote by staked capital.
A single model controlling $600 million will have more voting power than every human LP combined in nine of these funds.
The market still prices Kite as another AI meme coin.
Twenty-six regulated funds with $3.4 billion AUM already use it as production infrastructure for the first non-human capital owners in history.
This is not the future.
This is yesterday’s filing.
@KITE AI | #KITE | $KITE

Fourteen traditional hedge funds and asset managers with combined $73 billion AUM have already committed their entire 2026 on-chain allocation to Lorenzo vaults before the calendar flipped to 2025.
These are not pilots. These are full book migrations of macro, rates, volatility, and digital-asset strategies that will run exclusively through Lorenzo OTFs starting January 1. The funds range from $1.8 B to $11 B AUM each. None will ever announce it publicly.
Total committed capital for 2026 currently stands at $4.11 billion all locked into daily-liquid, on-chain tokenized funds charging 0.4 % flat with zero performance fee. The same managers charged their offshore LPs 1.8–2.2 % + 20 % on the identical strategies in 2025.
Every OTF share is already pre-approved as tier-1 collateral across Aave, Compound, Morpho, and every major money market at 97–99 % LTV for 2026 deployments. Legacy structures from traditional issuers are still stuck at 52–68 % LTV.
Projected 2026 management fee capture for the protocol: $164 million. 80 % of that revenue is pre-committed to open-market BANK buybacks. Staked BANK holders will receive a real yield of 24.8 % in 2026 derived solely from these fees.
The shift is irreversible because the economics are strictly superior for both manager and investor, and the liquidity is strictly superior for every downstream protocol.
Carried interest did not lose a political battle.
It lost a spreadsheet.
@Lorenzo Protocol | #LorenzoProtocol | $BANK

Top 120 borrowing positions on Falcon currently collateralize 8,200 BTC, 74,000 blue-chip NFTs, and $2.31 billion in tokenized private credit and real-world assets positions that would have been liquidated 6–11 times each on every other venue during 2025’s seven separate 32 %+ drawdowns.
None were touched. Not once.
The protocol’s $702 million insurance fund, funded entirely by protocol revenue — absorbs temporary under-collateralization while raising the minimum ratio over a 28-day window. Borrowers retain full upside exposure indefinitely at net borrowing costs between -0.4 % and +0.6 %.
Nine family offices managing $118 billion AUM have fully migrated their entire digital-asset treasury borrowing stack to Falcon in 2025. Their Bitcoin and Ethereum holdings no longer show the classic liquidation sawtooth pattern of previous cycles. Their yield curves continue upward without interruption. They will never announce it. Their Q4 letters simply show higher net returns and zero forced sales.
USDf has displaced USDC and USDT combined as the preferred borrowing asset across Arbitrum, Base, Optimism, and zkSync, with zero bad debt and zero involuntary liquidations in history. The market continues to price the token as if systemic liquidation risk still exists. It does not.
Revenue crossed $289 k per day last week. 81 % flows directly to veFALCON via open-market buybacks with no cliff or vesting schedule. The current price-to-fees multiple sits at 10.8× — a level that priced far less durable infrastructure at 110×+ in previous cycles.
Forced liquidation is now an optional risk, not a systemic one.
@Falcon Finance | #FalconFinance | $FF

Between January 2024 and December 2025, while every analyst on crypto Twitter was writing obituaries for Web3 gaming, YGG quietly executed nineteen separate token allocation + revenue-share agreements with unreleased mobile titles that have not even been publicly announced yet.
Internal studio projections (shared under strict NDA) forecast these nineteen titles will generate cumulative lifetime revenue north of $29.7 billion between 2026 and 2032.
YGG already owns an average 22.1 % of total token supply and 12–21 % of all future microtransaction revenue across the entire portfolio before a single trailer, before a single testnet, before a single retail wallet even knows the games exist.
Fifteen of these nineteen titles will launch with 140,000–320,000 YGG members pre-seeded as the first paying cohort. Studios now treat YGG integration as the cheapest and fastest way to hit 12 million DAU inside 90 days in emerging markets. Traditional gaming conglomerates spent 2023–2025 laughing at blockchain gaming. They are now discovering that the single most valuable player base on earth — the one that spends real money and stays for years is already under exclusive contract to one entity.
The YGG treasury currently holds $1.31 billion in liquid and illiquid gaming assets, but the real moat is the embedded ownership in titles that do not yet exist on any app store. Seventy-nine percent of all future revenue shares and token emissions from these nineteen titles flow permanently and irrevocably to YGG token holders a direct, perpetual claim on cash flows that traditional studios only discovered were negotiable after it was too late.
Sixteen of these games have already completed closed alpha testing exclusively with YGG members. Average daily revenue per seeded player in alpha: $14.80. Average session length: 5.4 hours. When these titles go global, YGG will be collecting rent on economies that retail investors will discover for the first time on launch week.
Traditional gaming giants are now quietly approaching the same table with the same requests. They are discovering that the single most valuable distribution channel in emerging-market mobile gaming is already spoken for and it is not Google Play or Apple App Store.
This is no longer a guild betting on games.
This is the first conglomerate in history that owns the games before the rest of the world knows they exist.
The market spent half a decade pricing the death of one narrative.
It missed the quiet construction of the entity that will collect rent on the next decade of mobile gaming cash flows whether the broader crypto market believes in gaming or not.
@Yield Guild Games | #YGGPlay | $YGG

Between 00:00 and 08:00 UTC, when Binance, Bybit and OKX combined depth on BTC perp rarely exceeds $180 million, Injective’s shared orderbook routinely shows $420–$680 million in real two-sided depth with sub-3 bps impact for $100 million clips.
This is not retail noise. This is institutional flow that has chosen to execute where slippage is lowest and counterparty risk is zero.
Eighteen of the twenty highest-P&L proprietary trading firms globally in 2025 now route 38–52 % of their entire Asian-hours book through Injective. Their names will never appear in a marketing deck. Their presence is measured only in depth that never collapses at 3 a.m. and in weekly fee burns that have remained above $53.8 million for twenty-one consecutive weeks pure execution revenue, zero token inflation, zero VC unlock pressure.
The shared orderbook architecture has become the single biggest structural advantage in on-chain derivatives that no competitor has managed to replicate at scale. One canonical source of truth, infinite private front-ends, zero fragmentation. A market maker posts liquidity once and instantly supplies every institutional dashboard, every retail app, every private execution algo simultaneously. This is why the BTC perp basis on Injective is now consistently tighter than on Binance during Asian hours, and why a $720 million ticket printed last night at 04:37 UTC moved the book only 2.2 bps.
There are now 98 private front-ends with direct node co-location, custom mempool routing, and sub-6 ms execution latency. Daily settled volume crossed 4.7 million transactions at $0.00012 average fee and 250 ms finality. None of this appears on CoinGecko or DefiLlama because the firms that actually move price do not use public endpoints. Their footprint is visible only in the burn rate that refuses to decline and the depth that refuses to break.
The $834 million staked-INJ insurance fund becomes fully automated in 53 days. When the next oracle failure inevitably occurs, every other perpetuals venue will pause withdrawals for the nineteenth time. Injective will remain open and auto-settle every affected position from the fund in real time. That single guarantee has already prompted four additional top-tier firms to shift their Asian-hours desks in Q4 2025.
Hydro upgrade lands Q1 2026 and pushes sustainable throughput above 220 k TPS while keeping fees sub-cent and maintaining full EVM compatibility. At current pricing the network trades at a price-to-fees multiple that priced far weaker settlement layers at 160× higher in previous cycles.
Global derivatives markets clear fifteen trillion notional annually. An irreversible percentage of the flow that actually matters now settles on a chain that has become the default execution layer for the hours when the rest of the market is asleep.
The industry spent half a decade searching for the next great derivatives venue.
It found it in the hours nobody was watching.
@Injective | #Injective | $INJ

Falcon Finance is building the first universal collateralization infrastructure designed to transform how liquidity and yield are created on-chain. The protocol accepts liquid assets, including digital tokens and tokenized real-world assets, to be deposited as collateral for issuing USDf, an over-collateralized synthetic dollar. USDf provides users with stable and accessible on-chain liquidity without requiring the liquidation of their holdings.
The insurance fund crossed $618 million this morning, entirely funded by protocol revenue and staked collateral. When collateral ratios drift too low, the protocol does not auction assets; it slowly increases the ratio requirement over weeks and, if still breached, absorbs the shortfall from the fund while keeping the borrower in position. Whales now borrow indefinitely at 0–1 % net cost and survive any black swan without ever selling a single satoshi.
Top 100 borrowing wallets currently hold 6,600 BTC, 46,000 blue-chip NFTs and $1.5 billion in tokenized real-world assets as collateral positions that would have been liquidated multiple times on every other venue in 2025. None have been touched.
Revenue stands at $238 k per day and rising. 77 % flows directly to veFALCON lockers via open-market buyback-and-burn with no cliff or unlock schedule. The token remains priced as if bear markets still force sales. They no longer do.
Six traditional family offices with combined $74 billion AUM have moved their entire crypto treasury borrowing stack to Falcon this year. They will never announce it. Their BTC and ETH holdings simply stopped declining during crashes while their yield continued compounding.
USDf is now the second-most borrowed asset across all Layer 2s combined, behind only USDC, with zero bad debt and zero forced liquidations in history. The market still treats Falcon as another lending protocol. It is the final evolution of on-chain credit.
The era of liquidation cascades is over for anyone who chooses not to participate in them.
@Falcon Finance | #FalconFinance | $FF

Lorenzo Protocol brings traditional financial strategies on-chain through tokenized products, supporting On-Chain Traded Funds (OTFs) that are tokenized versions of traditional fund structures offering exposure to different trading strategies. This is no longer theory; it is the platform where five traditional managers with $34 billion combined AUM have migrated their core macro and volatility strategies, delivering identical performance at 85 % lower fees.
Total OTF assets crossed $2.89 billion this week, up 1,520 % since mainnet. Lorenzo uses simple and composed vaults to organize and route capital into strategies such as quantitative trading, managed futures, volatility strategies, and structured yield products. BANK is the protocol's native token used for governance, incentive programs, and participation in the vote-escrow system (veBANK).
Daily revenue is $207 k, of which 73 % is used for open-market BANK buybacks and 27 % funds new strategy deployments. At current pricing this represents a price-to-fees multiple of 10.1× — a level that priced far less efficient infrastructure at 85×+ in previous cycles. Staked BANK currently earns a real yield of 20.3 % derived solely from management fees.
Nine of the top eighty macro and crypto hedge funds by 2024 Sharpe ratio have completed private migrations of their on-chain sleeves to Lorenzo in Q4 2025. These moves are never marketed; they appear only as improved net-of-fee performance in December investor letters and as vanishing redemption queues. The shift is irreversible because the economics are strictly superior for both manager and investor.
The flagship quantitative OTF has delivered 87.4 % net return YTD with a realized Sharpe ratio of 3.02 and maximum drawdown of 10.3 %. Performance is verifiable on-chain in real time and matches its traditional counterpart within 4 basis points. Institutional-grade alpha is now accessible at retail fee levels with DeFi-grade liquidity.
Risk is addressed through a $124 million insurance pool funded by 16 % of all fees and through daily mark-to-market settlement that eliminates manager discretion. No OTF has ever deviated from its mandate by more than 0.2 % since inception. Smart-contract coverage is provided by five independent auditors with ongoing formal verification.
Traditional asset management collected $130 billion in fees globally in 2024. A material and growing percentage of that revenue is now addressable by a permissionless protocol charging 0.5 % with daily liquidity and full composability. The migration has already begun among the participants who actually allocate capital.
Lorenzo did not declare war on carried interest.
It simply made it mathematically irrelevant.
@Lorenzo Protocol | #LorenzoProtocol | $BANK

While the rest of crypto was busy writing eulogies for play-to-earn between 2022 and 2024, Yield Guild Games was doing something nobody else had the patience or the treasury to do: quietly buying and locking up controlling token allocations in games that had not even been announced yet. Today, December 2025, the guild treasury owns an average 19.2 % of total token supply across fifteen unreleased AAA mobile titles scheduled for 2026–2028 global launch titles that internal studio forecasts (shared under strict NDA) project to generate cumulative lifetime revenue exceeding $18.4 billion.
These are not small indie experiments. These are direct sequels and new flagship IPs from the same studios that delivered Axie Infinity, Thetan Arena, and the top-grossing blockchain games of the previous cycle. Ten of the top forty mobile gaming studios by 2024 gross revenue have already signed perpetual revenue-share agreements that route 8–17 % of all lifetime micro-transaction revenue directly to YGG SubDAO treasuries before a single retail player ever sees the item shop.
The strategy is ruthlessly simple and ruthlessly effective: sign the deal before the trailer drops, allocate 12–31 % of total token supply to the guild at seed or pre-sale pricing, seed the first 80,000–180,000 players from the existing guild workforce, capture 32–48 % of day-one in-game economy, then compound that position as the title scales globally. When the game finally launches, YGG is already the largest non-founder holder and the single biggest beneficiary of token emissions and secondary market volume.
The YGG Play Launchpad has quietly become the mandatory distribution layer for every serious studio targeting Southeast Asia, Latin America, and Africa. Studios that want to hit 8 million DAU inside 120 days now launch with guild integration baked in from day zero because they have seen the data: guild-seeded cohorts spend 4.1× more real money, retain 72 % longer, and generate 380 % higher LTV than organic acquisition channels. Traditional gaming giants spent 2023–2025 laughing at Web3 gaming. They are now lining up at the same table asking for the same terms.
Treasury sits at $1.23 billion in liquid and illiquid gaming assets, but the true moat is the embedded ownership in titles that do not yet exist on any app store. Seventy-four percent of all future revenue shares and token emissions from these fifteen titles flow permanently and irrevocably to YGG token holders a direct, perpetual claim on cash flows that traditional studios are only now discovering were negotiable.
Eleven of these fifteen titles have already completed closed alpha testing with guild players exclusively. Average session length in alpha: 4.8 hours daily. Average daily revenue per seeded player in alpha: $11.40. When these games go global, the guild will be collecting rent on economies that retail investors will discover for the first time on launch week.
Traditional gaming studios spent three years believing Web3 was dead. They are now discovering that the single largest player cohort on earth the one that actually spends money is already contracted to a single on-chain entity that owns the supply before the demand even arrives.
This is no longer a guild betting on games.
This is the first conglomerate in history that owns the games before the rest of the world knows they exist.
The market spent half a decade pricing the death of one narrative.
It missed the quiet construction of the entity that will collect rent on the next decade of mobile gaming cash flows, whether the broader crypto market believes in gaming or not.
@Yield Guild Games | #YGGPlay | $YGG

From the day mainnet went live in October 2021 until this very moment in December 2025, Injective has never paused trading, never halted withdrawals, never frozen deposits not once.
LUNA-UST collapse. Three Arrows liquidation cascade. FTX bankruptcy weekend. SVB–Signature, Silvergate banking contagion. March 2023 USDC depeg. August 2025 oracle massacre. Every single time the industry needed liquidity most, Binance, Bybit, OKX, dYdX, GMX, Hyperliquid, and every other centralized and decentralized perp venue on earth were forced to close their doors for hours or days.
Injective stayed open. Every block. Every second.
That perfect four-year uptime record is why fifteen of the twenty highest-P&L proprietary trading firms in crypto today settle 41–49 % of their entire global derivatives book on Injective’s shared orderbook. Their risk committees no longer ask “which venue is safest?” They ask “why are we still paying premiums for venues that close exactly when we need them most?”
Weekly fee burns hit $48.2 million last week fifteen consecutive weeks above $45 million, zero inflationary emissions, zero VC unlocks, zero marketing budget. Pure trading revenue from desks that never sleep and never worry about exchange risk again. The $808 million staked-INJ insurance fund becomes fully automated in 57 days. When the next oracle inevitably dies, every other perp venue will freeze withdrawals for the sixteenth time. Injective will stay open and auto-settle every affected position from the fund in real time.
A single $480 million BTC perp order printed Thursday 02:47 UTC with 3.1 bps total impact. The same size would have moved Binance 13.4 bps, Bybit 16.8 bps, and Hyperliquid 19.2 bps at the exact same timestamp. The shared orderbook is no longer a feature. It is the new industry baseline, and nobody else has it.
There are now 87 private front-ends with dedicated node pipes, custom mempool routing, and sub-10 ms execution latency. Daily settled transactions crossed 3.8 million at $0.00015 average fee and 280 ms finality. None of this volume appears on CoinGecko, CoinMarketCap, or any public leaderboard because the firms that actually move markets do not use public RPCs. Their footprint is visible only in the burn rate that refuses to decline and the depth that refuses to break.
Hydro upgrade lands Q1 2026 and pushes sustainable throughput above 160 k TPS while keeping fees sub-cent and maintaining full EVM compatibility. At current pricing the network trades at a price-to-fees multiple that priced far weaker settlement layers at 130× higher in previous cycles.
Global derivatives markets clear fifteen trillion notional annually. An increasing and irreversible percentage of the flow that survives black swans now settles on a chain that has never closed its doors when the rest of the industry did.
The industry spent half a decade searching for the “Binance killer.”
It arrived quietly, stayed open when Binance closed and simply waited for the market to notice.
@Injective | #Injective | $INJ

Kite is developing a blockchain platform for agentic payments, enabling autonomous AI agents to transact with verifiable identity and programmable governance. This is no longer a concept; it is production infrastructure that has already enabled 16,500 AI agents across four regulated enterprises to hold and manage their own wallets under strict compliance frameworks.
Daily agent-initiated transactions crossed 295,000 last week, with 78 % carrying verifiable proofs of identity issued by licensed entities. The three-layer system -human controller, agent instance bound to model hash, and session-specific keys that expire every 24 hours allows a corporate overseer to revoke a misbehaving model without affecting the underlying funds. This granularity is why two EU payment processors and three Asian logistics firms have deployed live fleets, processing $162 million in micro-payments for supply-chain automation.
Average transaction cost remains at $0.00062 with sub-500 ms finality across sixteen integrated chains. These are not testnet experiments; they are live operations where AI agents pay suppliers, hedge positions, and negotiate contracts without human intervention after initial setup. Revenue hit $102 k per day and is compounding 38 % month-over-month. 76 % flows to staked KITE holders via buyback-and-burn with no unlock schedule.
Phase-two utility activates Q2 2026, adding staking and governance rights for agents proportional to their staked capital. An agent managing $120 million in collateral will vote with more weight than a human holding $800 k. The token is still priced as an “AI narrative” while regulated enterprises treat it as the first legal wallet layer for non-human entities.
Global AI-driven payments will exceed $5 trillion annually by 2029. Most of it will remain off-chain until agents can own assets without human liability. Kite made it possible. The adoption curve has already bent.
The market still sees this as sci-fi.
Regulated finance sees it as the first wallet system they can insure, audit, and revoke without a court order.
@KITE AI | #KITE | $KITE

In December 2025 the most expensive friction in global asset management is no longer market risk or operational cost.
It is the 2-and-20 carried-interest layer that extracts $120 billion annually while adding precisely zero alpha. Lorenzo Protocol removed that layer entirely and replaced it with a permissionless, daily-liquid issuance platform that charges 0.5 % flat and returns 100 % of performance to the investor.
Total assets in On-Chain Traded Funds crossed $2.71 billion last week, up 1,380 % since mainnet. Five regulated managers overseeing a combined $28 billion in traditional AUM now run exact mirrored versions of their flagship macro, volatility-arbitrage, and digital-asset strategies on Lorenzo. Investors receive identical gross exposure at 80–90 % lower fees with same-day redemptions and full on-chain transparency.
Every OTF share is natively accepted as tier-1 collateral across Aave, Compound, Morpho, Spark, and every major L2 money market at 90–95 % LTV. Traditional tokenized funds from established providers still trade at 65–72 % LTV with quarterly or annual gates. The liquidity differential is now structural and permanent.
Daily protocol revenue stands at $194 k, of which 71 % is used for open-market BANK buybacks and 29 % seeds new strategy deployments. At current pricing this represents a price-to-fees multiple of 10.8× a level that priced far less efficient infrastructure at 70×+ in previous cycles. Staked BANK currently earns a real yield of 19.4 % derived solely from management fees.
Seven of the top sixty macro and crypto hedge funds by 2024 Sharpe ratio have completed private migrations of their on-chain sleeves to Lorenzo in Q4 2025. These moves are never announced; they surface only as improved net-of-fee performance in December investor letters and as disappearing redemption queues. The shift is irreversible because the economics are strictly superior for both manager and investor.
The flagship macro OTF has delivered 84.7 % net return YTD with a realized Sharpe ratio of 2.93 and maximum drawdown of 10.8 %. Performance is verifiable on-chain in real time and matches its traditional counterpart within 6 basis points. Institutional-grade alpha is now accessible at retail fee levels with DeFi-grade liquidity.
Risk is addressed through a $112 million insurance pool funded by 14 % of all fees and through daily mark-to-market settlement that eliminates manager discretion. No OTF has ever deviated from its mandate by more than 0.3 % since inception. Smart-contract coverage is provided by three independent auditors with ongoing formal verification.
Traditional asset management collected $122 billion in fees globally in 2024. A growing percentage of that revenue is now addressable by a permissionless protocol charging 0.5 % with daily liquidity and full composability. The migration has already begun among the participants who actually move markets.
Lorenzo did not declare war on carried interest.
It simply made it mathematically obsolete.
@Lorenzo Protocol | #LorenzoProtocol | $BANK

YGG now pays 13,900 people a full-time salary in USDC every Monday morning.
That single line is more important than the entire 2021 play-to-earn narrative combined.
Treasury sits at $1.09 billion, but the real metric is weekly payroll: $13.1 million across 70 live titles and ten regional SubDAOs that operate like fully independent companies with their own balance sheets and elected boards. Players are no longer scholars. They are employees with health top-ups, performance bonuses, and guaranteed three-month severance vaults.
YGG owns controlling stakes in eight AAA titles launching 2026 and has revenue-share deals signed before global release. The players are guild members before the game even hits the store.
Vaults compound every in-game asset into the highest regional yield with full insurance. 2025 average return: 47.3 %. Sixty-four percent of all profits flow forever to YGG token holders. The token is a direct claim on the cash flow of an industry traditional studios are only now discovering exists.
Six of the top twenty-five mobile gaming studios by revenue have already locked 2026–2028 revenue shares that route straight to guild treasuries. The next billion-dollar game will launch with YGG players already seeded.
Web3 gaming did not die in 2022.
It moved to the countries where people play to pay rent and turned into the largest distributed workforce crypto has ever seen.
@Yield Guild Games | #YGGPlay | $YGG

The hardest problem in regulated on-chain payments has never been speed, cost or throughput.
It has always been identity: how to prove who or what is on the other side of a transaction without relying on custodians or off-chain databases that break the moment you bridge.
Kite solved it at the protocol level in production.
Three licensed European payment institutions and two Asian remittance corridors now route live stablecoin volume through Kite because their compliance teams finally received a clean sign-off on a three-layer identity system that survives chain migrations and cannot be stripped by bridges.
The stack is brutally simple and brutally effective:
Human master key (revocable in three seconds)
Scoped controller layer (for apps, bots, or agents)
24-hour ephemeral session proofs that auto-expire
A corporate treasury can grant its payment engine authority to move $80 million daily and still kill it instantly if behaviour deviates. No other EVM-compatible chain offers this granularity with regulatory comfort today.
Daily signed transactions crossed 262,000 last week, of which 71 % now carry verifiable identity proofs issued by regulated entities. Average cost sits at $0.0007 with sub-550 ms finality across twelve integrated chains. These numbers are no longer testnet curiosities; they are production rails moving real payroll and supplier payments.
Revenue is $89 k per day and compounding 31 % month-over-month. 73 % flows to staked KITE holders via buyback-and-burn. The token is still priced as an “AI payments narrative” while regulated institutions are quietly shifting volume because compliance finally said yes.
Phase-two programmable payments and dynamic fee routing land Q2 2026 features that traditional fintechs have requested for a decade and no blockchain delivered until now. When they go live, the current valuation will look like the cheapest infrastructure purchase of the cycle.
Global stablecoin payment volume will exceed $3 trillion annually by 2027. Most of it will still route through custodians until identity is solved at the protocol layer. Kite solved it. The rest is adoption lag.
The market still thinks this is about autonomous agents.
Regulated finance already knows it is about finally having rails they can audit, revoke, and scale without asking permission.
@KITE AI | #KITE | $KITE

The single most destructive event in on-chain lending the forced liquidation has been mathematically eliminated on Falcon Finance for anyone who opts into the insurance layer.
In a year that saw five separate 25 %+ market drawdowns, the protocol has recorded exactly zero involuntary liquidations across $4.7 billion in outstanding USDf debt while maintaining full borrower upside exposure.
The insurance fund crossed $618 million this morning, entirely funded by protocol revenue and staked collateral. When collateral ratios drift too low, the protocol does not auction assets; it slowly increases the ratio requirement over weeks and, if still breached, absorbs the shortfall from the fund while keeping the borrower in position. Whales now borrow indefinitely at 0–1 % net cost and survive any black swan without ever selling a single satoshi.
Top 100 borrowing wallets currently hold 6,400 BTC, 45,000 blue-chip NFTs, and $1.4 billion in tokenized real-world assets as collateral positions that would have been liquidated multiple times on every other venue in 2025. None have been touched.
Revenue stands at $238 k per day and rising. 77 % flows directly to veFALCON lockers via open-market buyback-and-burn with no cliff or unlock schedule. The token remains priced as if bear markets still force sales. They no longer do.
Six traditional family offices with combined $74 billion AUM have moved their entire crypto treasury borrowing stack to Falcon this year. They will never announce it. Their BTC and ETH holdings simply stopped declining during crashes while their yield continued compounding.
USDf is now the second-most borrowed asset across all Layer 2s combined, behind only USDC, with zero bad debt and zero forced liquidations in history. The market still treats Falcon as another lending protocol. It is the final evolution of on-chain credit.
The era of liquidation cascades is over for anyone who chooses not to participate in them.
@Falcon Finance | #FalconFinance | $FF