Tindorr🚢

A lot of posts saying DeFi on Solana > DeFi on Ethereum/EVM
But:
• Ethereum TVL is 8x larger (over 10x if include L2s)
• Most institutional-grade DeFi lives in EVM
• Network effects like Morpho/Euler/Aave + Curve + Pendle attract new DeFi protocols to build on EVM
• New concepts are likely born on EVM first, before they get replicated on Solana (e.g. Pendle-style or Ethena-like protocols)
I think the most interesting one on Solana right now is RWA/stocks as collateral on money market.
What else?

Some whales are looping PT srUSDe on Aave. 🚨
Aave just increased its supply cap to $200m. And it reached $136M within a few hours (+36%).
Why are they farming? Because it's profitable:
- 29.71% APY when max loop
- Each loop has +4.49% APY from PT srUSDe yield
- Borrow USDe on Aave (2.31% APY, cheapest rate)
- Deep liquidity, easy to unwind
I saw this coming a few days ago, so I decided to create this 5x looping strategy template for everyone on @Infinit_Labs.
So you don't need to calculate the amount in each step but can still get 14.61% APR on 5x loop.
TLDR on how this strategy template work

Now is the time to test new trading strategies.
Been saying grid trading on commodities works
Grid bot (short-biased) works well now that WTI is retracing from the panic.
Will turn this strategy back on again if oil moves back to $110.

Paradex TGE at $55m FDV is another wakeup call for farmers:
Don't expect much on upcoming drops
If a project doesn't have killer features and is competing against a giant like HYPE, it's going to be tough acquiring users after this.
Paradex is in a tough spot now.

Long AAVE / Short MORPHO mean reversion play becomes interesting at this point:
AAVE took most of the damage already. Non-believer whales and funds dumped, retail panicked. Bad news is priced in.
Meanwhile, good news on MORPHO is baked into the chart. It went almost +100% from bottom on the Apollo and Coinbase news + traction increased.
Retail and late joiners started saying MORPHO > AAVE after smart money is already in profit.
Fundamentals on AAVE in short to mid term remain solid with clear roadmap, while MORPHO was driven by good news and traction growth but no update on tokenomics yet.
The

Aave drama ended terribly.
When you look back at what ACI and the service providers actually built and enabled:
- V3 maturity and revenue engine
- GHO stabilization
- Risk management and governance tools
Now they’re leaving, and ACI members suddenly become a team many projects would want to work with.
I think Labs will have a hard time filling all these infra gaps.
As a long-term bag holder, this is quite concerning to me.
Competitors now have a much better chance of catching up.

If you haven’t figured it out yet, which sector benefits the most from agentic commerce?
Let me tell you the obvious one + example:
Stablecoins.
Circle's $CRCL, the issuer of USDC, is up 60% in a week following a major earnings beat.
But the move isn't just about one strong quarter's earnings.
It reflects a much larger shift happening at the intersection of AI, payments, and financial infrastructure.
In simple terms:
If the internet becomes autonomous, the money moving across it must also be native to the internet.
Stablecoins are currently the closest thing we have.
— 1. The fundamentals are

This pattern in ETH price vs TVL doesn’t show up often.
When ETH price (pink) trades meaningfully below Ethereum TVL (blue), price has historically gravitated back toward it. We’ve seen this dynamic play out across cycles.
And fundamentally, Ethereum may be in its strongest position yet:
• AI agent economy emerging onchain
• Institutional DeFi flows (BlackRock, tokenized funds)
• ~$17B in tokenized RWAs
• Deepest liquidity + strongest dev ecosystem
You can argue blobs changed the fee dynamics.
But the surface narrative misses the larger shift: the economic weight built on Ethereum has never be