GM! Presenting the 10th edition of the Caladan Weekly, a sharp, data-driven read on digital asset markets, liquidity flows, and treasury optimization for institutions. Credits to @0xavarek for the writeup. Below is a preview of the digest. Subscribe below for the full version. 🧵 - The Caladan Weekly | DAT Playbook: Decoding Corporate Crypto's $330 Billion Revolution - Key Summary: While crypto Twitter debates the next memecoin moonshot, a financial revolution is reshaping how public companies manage capital reserves, driven by Digital Asset Treasuries (DATs). Digital Asset Treasuries are balance sheet allocations to bitcoin, ether, and similar digital assets by public companies. Unlike traditional cash management, DATs represent strategic treasury positions that serve as inflation hedges, diversification tools, and innovation signals to stakeholders. Over three-quarters of surveyed institutional allocators say they will increase digital asset exposure in 2025, with public companies potentially allocating $330 billion to bitcoin alone within five years, according to @Delphi_Digital . Total reported corporate digital asset holdings now exceed $78 billion globally, with nearly 70% in bitcoin. The debate is now not whether corporates will own crypto, but which companies, why, and how much.

Our pools are growing steadily on @arbitrum with @m0's universal stablecoin platform. Before: $30M in deposits and LP Now: $50M in deposits and LP Our TVL Drivers: → InfraFi demand → AI GPU Financing → Reliable Yield All addressable thanks to

Most L1s tack on RWAs. @plumenetwork was built for them. Here’s why I’m bullish on them: > Full-stack infra: tokenization, compliance, yield, chain. All native. No patchwork needed. > Asset diversity: Plume isn't just stables or bonds. They also cover real estate, litigation finance, carbon, and music rights. > User abstraction: retail doesn’t even need to know Plume is an L2. UX matters for scale. > TVL & real traction: Reached more than $110M TVL since June, 200+ protocols. Bigger RWA footprint than $ETH > Momentum: Price popped 28% post-USD1 stablecoin announcement. Real-world tie-ins are resonating. Most chains are adding RWAs to grow. Plume is growing because it *is* the RWA chain. The next $19T opportunity won’t run on general-purpose blockspace. It’ll need something purpose-built. That's Plume. 🔥

The Capella upgrade lands on Vana July 14. A major step in our mission to make data liquid, secure, and owned by the people who generate it. Capella strengthens the network: → Higher throughput for faster, freer data flows → Stronger security to protect user privacy and data integrity → Improved tooling to streamline deployment of Data Liquidity Pools and Data Apps We’re working closely with our exchange partners to ensure a smooth transition. There may be brief pauses in $VANA withdrawals during the update, no action needed.

Today marks a major milestone for Sei. Circle’s investment was part of a shared vision: seamless, near-instant global settlement. Now, native USDC turns Sei’s high-speed infrastructure into trusted financial rails, ready for institutional scale.

Education shaped my path, and it’s a privilege to pay it forward. Recently, I was nominated to join the EDU DAO Special Council as one of its Council Members. Here’s why I’m doing this 🧵 Over the past year, I’ve worked closely with @opencampus_xyz through @caladanxyz - Supporting DEX liquidity on EDU Chain - Facilitating access to lenders and users - Watching an idea become an ecosystem The mission to shift value toward educators and learners is personal. Now it’s time to help scale it. At @GoldmanSachs, I worked on student loan financing. I’ve seen the power and pitfalls of education financing up close. Capital must be responsibly structured to deliver real-world outcomes. At Caladan, we’re hands-on with DAOs and DeFi protocols. We help builders think like allocators. @educhain_xyz is one of the most mission-aligned ecosystems I’ve encountered. As a Council Member, I’ll focus on: - Attracting and deploying capital with transparency - Scaling sustainable student loan products - Aligning token holders, builders, and beneficiaries over the long term My goals: - Help bring in both DeFi-native and traditional capital - Evaluate proposals through a rigorous investment lens - Strengthen EDU token utility - Ensure clear reporting, impact tracking, and principled governance I care deeply about mission > hype. Integrity and transparency aren’t optional, they’re foundational. Let’s build a new financial backbone for education. Excited to contribute 🔥📚

RT @TreehouseFi: 🌳 ICYMI: Wen Treehouse TGE? What's next? Hear directly from our Chief Squirrel @mytwogweis on what's going on behind the…

DeFi on Sei looking good here. Last 30 days: TVL at an ATH, Daily transactions have doubled, and net positive inflows across the board. Markets Move Faster on Sei.

GM! Here's our 6th edition of the Caladan Weekly, a sharp, data-driven read on digital asset markets, liquidity flows, and treasury optimization for institutions. Credits to @0xavarek for the writeup. Below is a preview of the full digest. Subscribe below to see the full version 🔖 -- Caladan Weekly: Protocol Evaluation Framework: Revenue Analysis, Capital Behavior, and L1 Assessment -- Key Takeaways: - Protocol revenue vs TVL disconnect: Fee-generating protocols like @aave V3 ($1.48M daily) and @MorphoLabs Blue ($0.89M daily) justify valuations through genuine activity, while high-TVL protocols like @veda_labs ($3.44B) and @sparkdotfi Liquidity ($3.60B) show minimal revenue generation, indicating valuation inflation - L1 capital migration patterns: @solana ecosystem demonstrates institutional maturity with $5.45B combined TVL and 80.9% capital retention (@jito_sol leading at $2.66B), while @SuiNetwork shows rapid growth potential at 74.6% retention, @Aptos struggles with 68.9% retention indicating development challenges, and @NEARProtocol exhibits clear capital exodus at 71.3% retention - Institutional capital behavior tracking: Multi-period retention analysis reveals distinct institutional preferences - protocols with stable business models (@BlackRock BUIDL 97.9%, @pendle_fi 99.2%) outperform network-dependent alternatives (@LidoFinance 86.6%) and complex strategies (@ethena_labs 86.5%) during 120-day observation periods - Sustainable vs subsidized yield identification: Organic fee growth patterns (Morpho +71% over 120 days, Pendle +100% over 120 days) contrast sharply with declining strategy-dependent yields (Ethena -20% over 120 days), providing clear institutional allocation signals for sustainable revenue models