RaaS #482: Google Announces L1!

Book Tokenization On Cardano, Justin Sun Short Squeezes XPL, and Moar!

RISE’s community round closes in 24 hours on Kaito’s Capital Launchpad. It’s the fastest chain out; 5ms latency, instant finality, and seamless UX, without compromising on Ethereum-grade decentralization and uptime. Last chance to get in.

Airdrops used to feel like gifts, now they’re grinds with peanuts and vesting cliffs. Users farm for crumbs, teams chase KPIs, and no one wins. The magic of surprise stimmies is gone. Maybe it’s time to stop dangling tokens and start building products people actually want.

Kaito’s new leaderboard boosts reward onchain alignment: NFT holders, PFP users, and sKAITO stakers now get extra weight. A solid move toward filtering for real users over tourists, less farmable, more meaningful.

DEGN is a pocket-sized Money Console. Built on D-OS, it runs your wallet, swaps, games, and onchain perps via Bybit + Hyperliquid. No KYC, no lag, no compromises.

New Vitalik lore just dropped.

Kevin Ricoy calls out the Solana Foundation for elitism, gatekeeping, and detachment from real builders. From overpriced events to bureaucratic control, the letter urges the Foundation to sunset itself and redistribute power and capital back to the community it claims to serve.

Mercury is doubling down on prediction markets on Hyperliquid, with new launches coming in fast. If you’re building in this space, they’re opening the door, collab-ready and focused on making this vertical pop.

A Justin Sun-linked wallet allegedly aped 15.2M XPL on Hyperliquid with $16M USDC, pumped price 3x, triggered $16.6M in liquidations, dumped for ~$15M profit; all in under an hour. XPL volume hit $161M, fees spiked, and open interest was nuked.

Aave Labs launched Horizon, a platform letting institutions borrow stablecoins against tokenized RWAs like U.S. Treasuries. Built on Aave V3 with compliance baked in, it integrates partners like Circle, VanEck, and Chainlink to unlock RWA utility, onchain liquidity, and 24/7 access.

Soulbound to Radarblock!

Symbiotic just flipped the switch on external rewards. Vault participants now earn native tokens + points from protocols like Hyperlane (HYPER), Spark (SPK + Points), Omni ($10M SolverNet), and others. Staking is now a full-on security marketplace.

Virtuals now supports liquid staking via VVET, stake VIRTUAL, earn veVIRTUALs, and still stay liquid. Virgens can finally have their ve-token and eat it too.

Book.io turns digital books into Decentralized Encrypted Assets (DEAs), offering verifiable ownership, DRM via smart contracts, and encrypted decentralized storage. This unlocks resale rights, permanent access, secondary markets, and perpetual royalties for creators.

Google Cloud’s Universal Ledger (GCUL) enters the arena as a “planet-scale L1,” now in private testnet with CME pilots. But is it really a chain? Critics say it’s just a permissioned consortium. Built for banks, not degen. Stripe and Circle are also cooking their own EVM L1s.

Top Gainers: WOLF, NMR, CAMP, USUALX, AURORA.

Hyperbeat’s dnTokens bring Hyperliquid-native real yield to the masses; each tokenized strategy is delta-neutral, auto-rebalancing, and composable. dnHYPE hit the cap in 10 hrs. Use cases already live across Pendle, Hyperlend, and more.

Nvidia options are pricing in a 6.1% move post-earnings, its smallest expected swing since May 2023. But with a $2.2T market cap, that’s still a potential $270B shift. That’s more than 95% of the S&P 500 firms are worth. NVDA earnings are a macro event.

That’s all for today!