RaaS #477: Did You Get Your Monad Card?

Boundless Community Sale On Kaito, Is The Top In? and Moar!

Aragon now supports private, zk‑verified voting via MACI. Voters cast encrypted ballots tied to snapshot-based eligibility, with no way to prove how they voted. Adds modular privacy to DAOs, protecting intent, deterring bribery, and boosting turnout.

Kaito closed H1 with ~$40M ARR, leads crypto AI in verifiable revenue, and is doubling down on growth, launching Kaito Venture, scaling on-chain social integrations, and positioning InfoFi as a crypto-native, multi-platform alternative to adtech in the AI slop era.

Monad manually curated 5,000 CT accounts for its card drop, embracing critics and mid-tier KOLs to dominate mindshare (50% on Kaito) and build goodwill. A shift from point farming to thoughtful, high-effort curation, raising the bar for Web3 social strategy.

Mitosis launches its Genesis Airdrop, offering contributors two options: instant MITO or 2.5x rewards via time-locked tMITO. Registration opens Aug 20.

Kite AI is a purpose-built Layer 1 for AI agents, with programmable identity, autonomous payments, and enforceable rules, turning them into real economic actors. 1.2B+ testnet calls, 53M users, and PoAI consensus show strong early traction.

Is your quant as good as this?

Crypto casinos are printing. Stake did $416M, Rollbit $21.6M, Shuffle $16.3M in 30D revenue, outpacing nearly every DeFi protocol. Yet they trade at deep discounts. Sticky cashflows, real users, and clear PMF. Most undervalued sector in crypto right now.

Boundless spent months championing ZK-powered privacy, then gated its token sale behind KYC and geo-blocks. Despite 4M+ signers and ETH raised “for the people,” access now favors wealth, jurisdiction, and centralized rails. The contradiction is hard to ignore.

Harvard Economist Rogoff now says his $100 BTC prediction was too optimistic, not about crypto, but about U.S. regulators. Turns out black markets, regulatory apathy, and insider hypocrisy created a global bid for digital cash. Bitcoin didn’t win on ideals, it won on use case.

Across is now live on Solana, enabling fast, cheap, and secure bridging between the EVM and SVM using its intent-based architecture. With 27B+ in volume and zero exploits to date, it unifies Solana speed and Ethereum security into a single cross-chain framework.

ICOs are back, and Legion just raised $5M to make them safer. Backed by VanEck, Brevan Howard, and major exchanges, Legion aims to blend IPO-style rigor with crypto rails. With EU-aligned disclosures and SEC dialogue, they’re betting this time the ICO boom won’t bust.

Conviction should not waiver with price action.

Lucid integrates Mantle into its Multi-Bridge and Portal Bridges, unlocking sub-10s finality and <$0.05 transfers across Mantle’s $1B+ modular L2 ecosystem. With 1.4M users and deep DeFi/GameFi traction, Mantle becomes a key route in Lucid’s cross-chain liquidity OS.

One signature can drain your wallet. Approvals and permits grant spend access—even if off-chain. Hackers exploit DEX popups, malicious contracts, and fake apps. Use tools like revoke.cash, avoid unlimited approvals, never download unknown files, and guard your seed.

TRM Labs launches the Beacon Network with Binance, Coinbase, Kraken & others to combat crypto crime. Real-time alerts, flagged wallets, and rapid freezes aim to stop $47B+ in fraud-related flows, especially from state actors and ransomware.

Pump.fun has crossed $800M in lifetime revenue, cementing its dominance as Solana’s top memecoin launchpad. Despite brief competition and controversy, it’s turned speculative irony into real business, fuelled by low fees, viral tokens, and $600M in token sale.

Top Gainers: SATOSHIT, WKC, LUNARBITS, NST, OGN.

Crypto groups are rejecting banking lobby efforts to amend the newly passed GENIUS Act. The Blockchain Association and CCI argue that proposed changes would entrench banks, limit stablecoin innovation, and harm underbanked users, undermining the law’s intent to broaden access.

The four-year cycle says top in late 2025. But macro calm, no euphoria, growing stablecoin supply, and institutional flows suggest we’re not there yet. With the Fed chair transition in mid-2026, odds favor a longer cycle. Exit slowly, sleep well, and don’t chase the pico top.

Plasma integrates with Binance Earn to bring onchain yield to 280M+ users and $30B+ in USDT. It’s the first time a fully onchain yield hits this scale, turning Binance into a distribution rail for the new yield economy. Yield-as-default just went global.

That’s all for today!