# ![@haonan Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::967997589831540736.png) @haonan haonan 🔴✨

haonan 🔴✨ posts on X about stablecoins, crypto, ethereum, future the most. They currently have [------] followers and [---] posts still getting attention that total [------] engagements in the last [--] hours.

### Engagements: [------] [#](/creator/twitter::967997589831540736/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::967997589831540736/c:line/m:interactions.svg)

- [--] Week [-------] -8.60%
- [--] Month [---------] +151%
- [--] Months [---------] +1,219%
- [--] Year [---------] +20,763%

### Mentions: [--] [#](/creator/twitter::967997589831540736/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::967997589831540736/c:line/m:posts_active.svg)

- [--] Week [--] -22%
- [--] Month [--] +13%
- [--] Months [---] +1,078%
- [--] Year [---] +7,125%

### Followers: [------] [#](/creator/twitter::967997589831540736/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::967997589831540736/c:line/m:followers.svg)

- [--] Week [------] +0.25%
- [--] Month [------] -1.30%
- [--] Months [------] +1,208%
- [--] Year [------] +1,879%

### CreatorRank: [-------] [#](/creator/twitter::967997589831540736/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::967997589831540736/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[finance](/list/finance)  [cryptocurrencies](/list/cryptocurrencies)  #2604 [technology brands](/list/technology-brands)  [countries](/list/countries)  [stocks](/list/stocks)  [automotive brands](/list/automotive-brands)  [exchanges](/list/exchanges)  [currencies](/list/currencies)  [social networks](/list/social-networks)  [travel destinations](/list/travel-destinations) 

**Social topic influence**
[stablecoins](/topic/stablecoins) #116, [crypto](/topic/crypto), [ethereum](/topic/ethereum) #287, [future](/topic/future), [onchain](/topic/onchain) #256, [if you](/topic/if-you), [fiat](/topic/fiat), [money](/topic/money), [liquidity](/topic/liquidity), [codex](/topic/codex)

**Top accounts mentioned or mentioned by**
[@codexpbc](/creator/undefined) [@dyortime](/creator/undefined) [@fiegemax](/creator/undefined) [@vitalikbuterin](/creator/undefined) [@ethereum](/creator/undefined) [@hyperliquidx](/creator/undefined) [@paxos](/creator/undefined) [@withausd](/creator/undefined) [@fraxfinance](/creator/undefined) [@nickvaneck](/creator/undefined) [@justinbons](/creator/undefined) [@raagulanpathy](/creator/undefined) [@hodlhub_tg](/creator/undefined) [@senseless368](/creator/undefined) [@hustlemontego](/creator/undefined) [@uwwgo](/creator/undefined) [@plastiquekzn](/creator/undefined) [@malekanoms](/creator/undefined) [@protolambda](/creator/undefined) [@jerallaire](/creator/undefined)

**Top assets mentioned**
[Ethereum (ETH)](/topic/ethereum) [USDC (USDC)](/topic/usdc) [Coinbase Global Inc. (COIN)](/topic/coinbase) [Bitcoin (BTC)](/topic/bitcoin) [Solana (SOL)](/topic/solana) [Monad (MON)](/topic/monad) [Alphabet Inc Class A (GOOGL)](/topic/$googl)
### Top Social Posts
Top posts by engagements in the last [--] hours

"who are the smartest people on crypto FX particularly for illiquid niche currencies"  
[X Link](https://x.com/haonan/status/1767982239512506753)  2024-03-13T18:33Z [----] followers, [---] engagements


"@singareddynm would you prefer a chipotle plate"  
[X Link](https://x.com/haonan/status/1811457937434443950)  2024-07-11T17:50Z [----] followers, [---] engagements


"A decade and half into its life crypto has developed a very serious disease. We call it the Age of Empires syndrome. Consider a worker gathering berries in this classic RTS"  
[X Link](https://x.com/haonan/status/1927611997379780676)  2025-05-28T06:24Z [----] followers, [---] engagements


"left: fiat right: stablecoins"  
[X Link](https://x.com/haonan/status/1935677152818835789)  2025-06-19T12:32Z [----] followers, [---] engagements


"fintech is dead long live stablecoins"  
[X Link](https://x.com/haonan/status/1937159410276774036)  2025-06-23T14:42Z [----] followers, [---] engagements


"@zainbacchus @binji_x @allam_hamdi @0xStoleme Mafia"  
[X Link](https://x.com/haonan/status/1938452318007234708)  2025-06-27T04:20Z [----] followers, [--] engagements


"this is the mona lisa of stablecoin chart crime apparently the only infra that is involved with basepay is two iphones h/t @citruscanine"  
[X Link](https://x.com/haonan/status/1948006434240667950)  2025-07-23T13:05Z [----] followers, [---] engagements


"Why might public markets LOVE stablecoins but HATE tron Yes this is a leading question"  
[X Link](https://x.com/haonan/status/1948614290388517296)  2025-07-25T05:20Z [----] followers, [---] engagements


""From the leaves of a buttonwood tree to ledgers on a blockchain the winds of innovation still blowand it is our task that they carry American leadership forward. After all we have never been content to follow. We will not watch from the sidelines. We will lead. We will build. And we will ensure that the next chapter of financial innovation is written right here in America." JUST IN: SEC Chair Paul Atkins says Wall Street & Silicon Valley companies are "lined up at our doors with requests to tokenize." JUST IN: SEC Chair Paul Atkins says Wall Street & Silicon Valley companies are "lined up at"  
[X Link](https://x.com/haonan/status/1951315287086936249)  2025-08-01T16:13Z [----] followers, [---] engagements


"@jon_charb @jon_charb if you are a rival issuer would you want to issue on circle chain if you are a rival fintech would you want to issue on stripe chain"  
[X Link](https://x.com/haonan/status/1955342482142609522)  2025-08-12T18:55Z [----] followers, [---] engagements


"@jon_charb am mostly agreeing with you we may differ on prob estimates of who will win LT i'm very certain the winning chain here will be somebody who extends ethereum's neutrality into a L2 with the right specialized features a smart liquidity bootstrap and ruthlessly efficient GTM"  
[X Link](https://x.com/haonan/status/1955346457877201111)  2025-08-12T19:11Z [----] followers, [---] engagements


"Jamie is discovering that stablecoins are gunpowder Adopt or die to somebody who does Jamie Dimon says JPMorgan will be in it and learning on stablecoins. Even the incumbents know they cant ignore them. https://t.co/pe9xaxn6AK Jamie Dimon says JPMorgan will be in it and learning on stablecoins. Even the incumbents know they cant ignore them. https://t.co/pe9xaxn6AK"  
[X Link](https://x.com/haonan/status/1955704358517068254)  2025-08-13T18:53Z [----] followers, [---] engagements


"@malekanoms reliably has some of the best takes in stablecoins he is also probably the best financial wonk content creator no explainer of QE has been funnier than his [----] video Austin and I are obviously friends who agree on much but I fully disagree with this take in every possible way. A blockchain that isnt perfectly neutral is a terrible database worst than anything TradFi has today (which includes RTGS systems that are also neutral). The Austin and I are obviously friends who agree on much but I fully disagree with this take in every possible way. A blockchain that isnt perfectly"  
[X Link](https://x.com/haonan/status/1957205521326346402)  2025-08-17T22:18Z [----] followers, [--] engagements


"The world trusts Ethereum Codex makes it work for stablecoins end to end The world trusts Ethereum. Codex makes it work for stablecoins end to end. https://t.co/LEAu28l9tv The world trusts Ethereum. Codex makes it work for stablecoins end to end. https://t.co/LEAu28l9tv"  
[X Link](https://x.com/haonan/status/1957932337162760380)  2025-08-19T22:27Z [----] followers, [---] engagements


"Were building THE stablecoin chain on @ethereum More soon on why and how The world trusts Ethereum. Codex makes it work for stablecoins end to end. https://t.co/LEAu28l9tv The world trusts Ethereum. Codex makes it work for stablecoins end to end. https://t.co/LEAu28l9tv"  
[X Link](https://x.com/haonan/status/1957938974996963347)  2025-08-19T22:53Z [----] followers, [---] engagements


"among people who run real money everybody knows @Harvard's endowment has a record of timing everything wrong always remember the central american teak forests the australian cotton farms in '13 ended in $1b+ writedowns how about the EM exposure right into the '08 crisis pushing out on the risk curve on exactly the wrong time and losing a third of the university's money pro-cyclically then there's 2015- now: a 40% allocation into private equity just in time for everybody to realize: "wait maybe putting all of our money in small shitcos levered 70% LTV isn't the most brilliant idea when"  
[X Link](https://x.com/haonan/status/1957944151019757607)  2025-08-19T23:13Z [----] followers, [---] engagements


"word on the street is that @cnaut and @rooqster have built one of the best stablecoin card teams at @raincards. Stablecoins arent just for trading. Rain @raincards the global card issuing platform leverages stablecoins + DeFi to settle and finance credit card receivables. Stablecoins are finding their way into consumer payments. https://t.co/hhtYs9rJUf Stablecoins arent just for trading. Rain @raincards the global card issuing platform leverages stablecoins + DeFi to settle and finance credit card receivables. Stablecoins are finding their way into consumer payments. https://t.co/hhtYs9rJUf"  
[X Link](https://x.com/haonan/status/1960819036113264973)  2025-08-27T21:37Z [----] followers, [----] engagements


"L2s let us move faster The ethereum community has already been helpful excited to kick things into gear now. The end goal is to have stablecoins in the hands of real end users whose lives get meaningfully changed and building on an L2 allows us to do that ASAP while still benefitting from the major improvements that are in the pipeline for the broader protocol itself"  
[X Link](https://x.com/haonan/status/1963970862681354463)  2025-09-05T14:21Z [----] followers, [---] engagements


"the most prestigious bigcos in the 1990s saw the same kind of opportunity that the bigcos of [----] are beginning to grasp that there's was a moment in history where ownership of an enormously valuable global network was up for grabs in the 90s the network in question was information today it is financial"  
[X Link](https://x.com/haonan/status/1964376607470055747)  2025-09-06T17:14Z [----] followers, [---] engagements


"@HyperliquidX @fiege_max @Paxos @withAUSD @fraxfinance one issuer in the @HyperliquidX governance forums promises that their stablecoin will go to $3 a coin compelling"  
[X Link](https://x.com/haonan/status/1965193375466017160)  2025-09-08T23:19Z [----] followers, [---] engagements


"@HyperliquidX @fiege_max @Paxos @withAUSD @fraxfinance @Nick_van_Eck meanwhile @Paxos is getting some heat about BUSD"  
[X Link](https://x.com/haonan/status/1965197981776576777)  2025-09-08T23:38Z [----] followers, [---] engagements


"@HyperliquidX @fiege_max @Paxos @withAUSD @fraxfinance @Nick_van_Eck honestly quite an impressive underwriting process by the community"  
[X Link](https://x.com/haonan/status/1965199026774835294)  2025-09-08T23:42Z [----] followers, [---] engagements


"@HyperliquidX @fiege_max @Paxos @withAUSD @fraxfinance @Nick_van_Eck @withAUSD points out @Stablecoin's banking provider has a tiny balance sheet which will limit their ability to scale"  
[X Link](https://x.com/haonan/status/1965201411312156961)  2025-09-08T23:51Z [----] followers, [---] engagements


"@HyperliquidX @fiege_max @Paxos @withAUSD @fraxfinance @Nick_van_Eck @Stablecoin @Stablecoin retorts that this is "misleading""  
[X Link](https://x.com/haonan/status/1965201777332289943)  2025-09-08T23:53Z [----] followers, [---] engagements


"HYPERLIQUID USDH UPDATE - @fiege_max remains in the lead - @ethena_labs has withdrawn those who are betting on the existing stablecoin issuer market structure on persisting in perpetuity are in for a tough time the only constant in crypto is change and the second order effects of change can be particularly unpredictable. who would've taken seriously the idea of a @solana enshrined stablecoin [--] month ago ideas can go from fringe to the "most insane no-brainer." in moment for the observant new moves are constantly appearing on the board strap in Look this is going to happen. It is the most"  
[X Link](https://x.com/haonan/status/1966158125167423687)  2025-09-11T15:13Z [----] followers, [---] engagements


"a stablecoin riddle free money awaits those who can answer it let's say the risk free rate halves should circle's valuation soar or dump"  
[X Link](https://x.com/haonan/status/1966498591385571576)  2025-09-12T13:46Z [----] followers, [---] engagements


"@protolambda What would be the bear case"  
[X Link](https://x.com/haonan/status/1966514891176464494)  2025-09-12T14:51Z [----] followers, [--] engagements


"@FUCORY @ethereum @codex_pbc @Justin_Bons 100% and usually advanced by somebody who has never worked at an L2 so does not understand the dynamics"  
[X Link](https://x.com/haonan/status/1969260418343329893)  2025-09-20T04:40Z [----] followers, [--] engagements


"I will happily debate @Justin_Bons again (and win again) to defend @ethereum So @l3olanza called me a liar without backing it up It going viral only exposes the desperation & delusion of the ETH community He was unable to point out a single lie; pure cope based on strawmen & red herrings I challenge Leo to a debate; we must expose such low-rent shills So @l3olanza called me a liar without backing it up It going viral only exposes the desperation & delusion of the ETH community He was unable to point out a single lie; pure cope based on strawmen & red herrings I challenge Leo to a debate; we"  
[X Link](https://x.com/haonan/status/1969487665507811428)  2025-09-20T19:43Z [----] followers, [----] engagements


"We're thrilled to announce today that real stablecoin transaction volumes (by $) on Codex are growing 400% month/month as far as we know we are the fastest growing stablecoin chain by real stablecoin transaction $ volumes today How are we growing so fast it's because we are @ethereum 's stablecoin chain At Codex were blurring the lines between traditional and onchain finance. Were building Codex Chain a blockchain purpose-built for stablecoins and Codex Avenue a global liquidity and FX hub for seamless on/offramps and stablecoin swaps across chains and geographies. Our https://t.co/B5nhwb64GZ"  
[X Link](https://x.com/haonan/status/1970126124060750001)  2025-09-22T14:00Z [----] followers, 11.5K engagements


"Folks this is incredible. Absolutely incredible. Nobodys ever seen numbers like this before. Codex just hit THREE BILLION dollars in stablecoin flows. Three billion People said it couldnt be done the experts the so-called geniuses they all said Its impossible. But we did it and we did it fast. Very fast. And now and this is the best part were not stopping there. No no no. Were looking at TWELVE billion next. Twelve billion Can you believe it Some people cant even count that high. Were building the future of money on Ethereum. The strongest the best the most beautiful rails in the world. While"  
[X Link](https://x.com/haonan/status/1970130140723401175)  2025-09-22T14:16Z [----] followers, [----] engagements


"Interested Send your github + resume to my colleague: charlie@codex.is and tell him I sent you from twitter https://codexpbc.notion.site/Codex-Careers-11c8bc7a001a80948787dd2148c49984 https://codexpbc.notion.site/Codex-Careers-11c8bc7a001a80948787dd2148c49984"  
[X Link](https://x.com/haonan/status/1879791129987821692)  2025-01-16T07:21Z 35K followers, [----] engagements


"Join us We're hiring Software Engineers and BizOps https://codexpbc.notion.site/Codex-Careers-11c8bc7a001a80948787dd2148c49984 https://codexpbc.notion.site/Codex-Careers-11c8bc7a001a80948787dd2148c49984"  
[X Link](https://x.com/haonan/status/1908211667550289995)  2025-04-04T17:34Z 33.8K followers, [----] engagements


"join us https://codexpbc.notion.site/Codex-Careers-11c8bc7a001a80948787dd2148c49984 https://codexpbc.notion.site/Codex-Careers-11c8bc7a001a80948787dd2148c49984"  
[X Link](https://x.com/haonan/status/1964948141519872136)  2025-09-08T07:05Z 33.8K followers, [---] engagements


"stablecoins enable people to transmit the fruits of their labor across space and time where this starts is in the edge cases crazy hyperinflation absurd governments. that's where it starts but that's not where it ends"  
[X Link](https://x.com/haonan/status/1978482548033642947)  2025-10-15T15:26Z [----] followers, [----] engagements


"@FUCORY @protolambda that optimism alum talent density. @binji_x @protolambda @karl_dot_tech @zainbacchus @FUCORY @liamihorne et al"  
[X Link](https://x.com/haonan/status/1980317386143330616)  2025-10-20T16:57Z [----] followers, [---] engagements


"@benhoneill Consider if you think of tether as a hedge fund 4% management fee Primary strategy is just buy treasuries No annoying LPs to entertain Incredible"  
[X Link](https://x.com/haonan/status/1981873570671452385)  2025-10-25T00:00Z [----] followers, [---] engagements


"@benhoneill Sort of To be clear LPs in this fund make [--] returns"  
[X Link](https://x.com/haonan/status/1981883801937863129)  2025-10-25T00:41Z [----] followers, [--] engagements


"@__paleologo @kaledora @verdadcap depends on your epistemics"  
[X Link](https://x.com/haonan/status/1983009698346610859)  2025-10-28T03:15Z [----] followers, [----] engagements


"the monad airdrop claim flow makes me feel like i'm [--] again and playing some game on a nintendo wii who did the design work very impressive @keoneHD @intern"  
[X Link](https://x.com/haonan/status/1983762076616290645)  2025-10-30T05:05Z [----] followers, [----] engagements


"@hasufl agree that there will be a set of bets that will become untenable but the existence of bets in capital markets altering behavior in the real world is nothing new soros' ideas on reflexivity are more relevant than ever"  
[X Link](https://x.com/haonan/status/1984469205648019692)  2025-11-01T03:55Z [----] followers, [---] engagements


"@TheEthanDing Bro I hate to break it to you but LeBron James is probably getting more action than u"  
[X Link](https://x.com/haonan/status/1985805042952147113)  2025-11-04T20:23Z [----] followers, [---] engagements


"@litcapital PSA: there are now more private equity funds in the US than mcdonalds this generation's kravis is not doing private equity"  
[X Link](https://x.com/haonan/status/1985812214243086521)  2025-11-04T20:51Z [----] followers, [---] engagements


"@codex_pbc wow guys you are just flooding in here"  
[X Link](https://x.com/haonan/status/1989370407066251363)  2025-11-14T16:30Z 35.6K followers, [----] engagements


"codex is bulding the future of how stablecoins will move on ethereum"  
[X Link](https://x.com/haonan/status/1989879936706830514)  2025-11-16T02:15Z 33.2K followers, 31.1K engagements


"the biggest mispriced risk in markets today isnt in crypto at all its in the safe high-status defaults everyone treats as unbreakable"  
[X Link](https://x.com/haonan/status/1990545078033748181)  2025-11-17T22:18Z 35.5K followers, [----] engagements


"vibe shift at devconnect palpable [--] years ago all the smartest people were obsessed with seeing minecraft run on OP stack today all the smartest people thinking about stablecoins RWA"  
[X Link](https://x.com/haonan/status/1993052916476002422)  2025-11-24T20:23Z 35.6K followers, [----] engagements


"http://x.com/i/article/1993055338010906625 http://x.com/i/article/1993055338010906625"  
[X Link](https://x.com/haonan/status/1993056223768268805)  2025-11-24T20:36Z 33.1K followers, [----] engagements


"the secret in stablecoin m&a being discussed behind closed doors a huge share of todays stablecoin flows come from speculative or higher-risk activity. acquirers with lower risk tolerance will necessarily have to abandon a significant portion of the existing stablecoin business this should not be a surprise to payments veterans new payments entrants often start off further out the risk curve to reach escape velocity"  
[X Link](https://x.com/haonan/status/1993061099516604834)  2025-11-24T20:56Z 32.6K followers, [----] engagements


"few are thinking clearly about where equity and token value actually accrues in the stablecoin stack too many people are blindly copying memetic desire to strong to resist are you playing to play or are you playing to win"  
[X Link](https://x.com/haonan/status/1993075575100150236)  2025-11-24T21:53Z 35.5K followers, [----] engagements


"few understand the real lesson behind the genius of lee kuan yew there is no authoritarian in modern history as well-regarded as lky among the western elite. henry kissinger called lee one of the asymmetries of history. margaret thatcher once remarked that lee was never wrong. out west netflix executives study lees life in their leadership course. the western student of international politics knows to nod approvingly when lees name is mentioned. frustrated by the sludge of partisan politics in his own country he sees in lees legacy a kind of exotic escape. if asked he remarks sagely:"  
[X Link](https://x.com/haonan/status/1993078180916174949)  2025-11-24T22:04Z 33K followers, 26.7K engagements


"this is a 1-peso coin in [----] it was worth $1 USD today its worth $0.0007 shoutout to @daimopay for the reminder of why we build"  
[X Link](https://x.com/haonan/status/1993497252690903094)  2025-11-26T01:49Z 33.7K followers, [----] engagements


"the fixation on TVL in stablecoins today feels exactly like the early days of search portals pre-google the consensus game at the time was "keep the user on your home page as long as possible so you can show them as many banner ads as possible" if that's the game why is the quality / speed of search even all that important why would the portal want the user to leave the site faster and so everybody stuffed their sites full of content and nobody focused on search quality or speed all the dominant players of the time: altavista lycos ask jeeves staffed with all the right people working"  
[X Link](https://x.com/haonan/status/1993506075534901528)  2025-11-26T02:24Z 35K followers, [----] engagements


"@ryanberckmans there must be reason for why an L2 should exist L2s MUST specialize they must be able to run a sales-product - research loop that is impossible to do on L1"  
[X Link](https://x.com/haonan/status/1995622231423287339)  2025-12-01T22:33Z 33.4K followers, [---] engagements


"crypto has gone from never buy back to buy back always both extremes are naive and stupid buybacks are not always good we should not develop some weird fetish for constant buybacks the correct decision is always to evaluate: what is the best use of the capital can i deploy the $ s effectively to grow the business at economics that make sense if so why am I returning the $ s instead through buybacks massive buybacks are in a sense an admission: weve run out of ways to grow gm @ether_fi bought back $200000 just today they're ripping like $1-2M per week into this at these prices and investor"  
[X Link](https://x.com/haonan/status/1995624471483285672)  2025-12-01T22:42Z 33.1K followers, [----] engagements


"a radical reshaping of global commerce is underway that only those at the frontier can see"  
[X Link](https://x.com/haonan/status/1995630472471478417)  2025-12-01T23:05Z 32.5K followers, [----] engagements


"all the conversations that matter in stablecoins are typically behind closed doors take a peek inside first up in is ex-circle exec @raagulanpathy insider take on why circle should do mass firings stay tuned for full interview"  
[X Link](https://x.com/haonan/status/1996016050261934112)  2025-12-03T00:38Z 32.5K followers, [----] engagements


"not so long ago it was makerdao in the position to judge an upstart Aave as too risky now it is aave that has the upper hand history is cruel to incumbents keep up or die Aave vote to no longer accept USDS as collateral and increase Reserve Factor to 25% appears to be a sure thing with 99.6% voting in favor and [--] hours left. Notable reputational blow for Maker/Sky. I wonder if DAI will follow since DAI and USDS have the same backing. https://t.co/Hnnh9YYODj Aave vote to no longer accept USDS as collateral and increase Reserve Factor to 25% appears to be a sure thing with 99.6% voting in favor"  
[X Link](https://x.com/haonan/status/1996320187952296148)  2025-12-03T20:46Z 31.9K followers, [----] engagements


""I'd probably clear half the employee base at Circle." I sat down with @KASTxyz CEO and ex-Circle exec @raagulanpathy in Buenos Aires to explore what it takes to win in stablecoins. Scale first everything follows Stop diversifying focus USDC can be #1"  
[X Link](https://x.com/haonan/status/1996943249010008476)  2025-12-05T14:02Z 32.5K followers, 24.5K engagements


"stablecoins already make sense in edge cases: crazy hyperinflation absurd governments and businesses frequently moving money across borders that's where it starts but not where it ends the mission at @codex_pbc is taking what works in edge cases and make it work for everyone"  
[X Link](https://x.com/haonan/status/1996994168749724087)  2025-12-05T17:24Z 32.3K followers, [----] engagements


"@SecScottBessent franklin the turtle bought stablecoins run by issuers who are themselves structural buyers of US treasuries and growing rapidly thanks to savvy US policy"  
[X Link](https://x.com/haonan/status/1997067326093488167)  2025-12-05T22:15Z 33.1K followers, [--] engagements


"@SecScottBessent Franklin the turtle bought stablecoins"  
[X Link](https://x.com/haonan/status/1997067505618317549)  2025-12-05T22:16Z 32.6K followers, [----] engagements


"tether has [---] staff yet generates more free cash flow than most S&P [---] companies nothing has ever been more obvious than stablecoins"  
[X Link](https://x.com/haonan/status/1998066464071577925)  2025-12-08T16:25Z 32.6K followers, [----] engagements


"what should we name the early role for Codex Discord some (very bad) suggestions from chatgpt below"  
[X Link](https://x.com/haonan/status/1998079224666816668)  2025-12-08T17:16Z 32.3K followers, [----] engagements


"the border between fiat and stablecoins needs to collapse entirely"  
[X Link](https://x.com/haonan/status/1998437856814174407)  2025-12-09T17:01Z 32.3K followers, [----] engagements


"one of the great mysteries in stables: there's a sea of non-USD stablecoin issuers but there's nearly zero usage. why cold start problem. not enough liquidity means not enough customers can use them. and without customers there's no liquidity codex aims to solve that"  
[X Link](https://x.com/haonan/status/1998778593971941608)  2025-12-10T15:35Z 32.5K followers, [----] engagements


"stablecoins are gunpowder they set in motion a competitive dynamic that forces countries businesses and people to adopt or die"  
[X Link](https://x.com/haonan/status/1999209455930720388)  2025-12-11T20:07Z 32.3K followers, [----] engagements


"Ethereum continues to be the default place for stablecoin in the stablecoin future stablecoins will sit on ethereum and move on codex Stablecoin supply on Ethereum has grown by $40000000000 over the past [--] months https://t.co/dlO829QSqv Stablecoin supply on Ethereum has grown by $40000000000 over the past [--] months https://t.co/dlO829QSqv"  
[X Link](https://x.com/haonan/status/1999213018698432910)  2025-12-11T20:21Z 32.3K followers, 11.2K engagements


"the berachain playbook that plasma and stable are following: launch token attract flows by giving away free tokens fork the same [--] DeFi apps sprinkle incentives on top pray the capital stays farmers dump price drops you give more tokens to hit your APY target they dump harder eventually price goes to zero. we've seen this story over and over again codex has a different way of thinking about the problem of liquidity"  
[X Link](https://x.com/haonan/status/1999464050431004784)  2025-12-12T12:59Z 32.2K followers, 31.5K engagements


"if stablecoins are so good why do they never pump"  
[X Link](https://x.com/haonan/status/1999512794572685660)  2025-12-12T16:12Z 32.2K followers, [----] engagements


"the goal of any business is to escape competition how do you know if you've achieved this you have - zero marginal costs - zero capex eventually profits have nowhere productive to go so you buy juventus Tether Submits Proposal to Acquire Juventus Football Club 🦓 Read more: https://t.co/CDv8OosqFU Tether Submits Proposal to Acquire Juventus Football Club 🦓 Read more: https://t.co/CDv8OosqFU"  
[X Link](https://x.com/haonan/status/1999577869941342719)  2025-12-12T20:31Z 32.6K followers, 12.4K engagements


"around 60% of all stablecoins sit on ethereum our job at codex is to make sure they keep moving there too we wake up thinking about stablecoins we go to bed thinking about stablecoins we just do this one thing"  
[X Link](https://x.com/haonan/status/1999860431100526662)  2025-12-13T15:14Z 32.2K followers, 12.1K engagements


"codex is staffed to solve the fiat-stablecoin barrier holding back adoption"  
[X Link](https://x.com/haonan/status/2000218114164916505)  2025-12-14T14:55Z 32.2K followers, 10.2K engagements


"most stablecoin chains will fail in the long run because they're solving VC PowerPoint problems not real-life customer problems"  
[X Link](https://x.com/haonan/status/2000292251638112275)  2025-12-14T19:50Z 32.2K followers, [----] engagements


"five years ago i moved to LA to work on scaling with vitalik over time the tech derisked and the real problem was always product-market fit. applying the tech in a way that was vertical-specific stablecoins were the most underserved vertical"  
[X Link](https://x.com/haonan/status/2000600188835295431)  2025-12-15T16:13Z 32.2K followers, 19.1K engagements


"people do not want to build on systems run by their competitors if you're a fintech competing with stripe you're not betting your future on stripe's tempo chain if you're an issuer competing with circle you're not betting on circle's arc chain neutrality is counter-positioning. codex is neutral and doesn't compete with our customers"  
[X Link](https://x.com/haonan/status/2000940871936827826)  2025-12-16T14:47Z 32.2K followers, 12.4K engagements


"if you're the cheapest place for onchain FX you become the natural magnet for stablecoin flows"  
[X Link](https://x.com/haonan/status/2000994400336535758)  2025-12-16T18:20Z 32.2K followers, [----] engagements


"stablecoins enable people to transfer the fruits of their labor across space and time preserving what they've worked hard for here in the US we don't feel it as much. but there are parts of the world where inflation currency controls and ineffective banking rob people stablecoins level the playing field. our mission at codex is to take it beyond these edge cases and extend these benefits to everyone regardless of situation"  
[X Link](https://x.com/haonan/status/2001043171581813017)  2025-12-16T21:34Z 32.3K followers, [----] engagements


"tether might be one of the best businesses of all time $5 billion in free cash flow and you could probably staff it with [--] people meanwhile traditional tech companies have become capital-intensive with significant variable cost for inference stablecoins still have the old magic and are what every tech company wishes it still was. zero marginal cost near-infinite scale https://twitter.com/i/web/status/2001276492043681938 https://twitter.com/i/web/status/2001276492043681938"  
[X Link](https://x.com/haonan/status/2001276492043681938)  2025-12-17T13:01Z 32.1K followers, 11.5K engagements


"most blockchain companies don't want to touch fiat they're crypto-native teams. fiat is inelegant annoying and requires different expertise but if you want stablecoins to work for mainstream businesses the border between fiat and stables needs to collapse entirely nobody is staffed to do this. codex is we wake up thinking about how to connect traditional financial infrastructure to stablecoins. it's the problem nobody else wants to solve"  
[X Link](https://x.com/haonan/status/2001350608297824296)  2025-12-17T17:55Z 32.2K followers, [----] engagements


"most altcoins deserve to go to [--] but blanket pessimism over all tokens is obviously wrong and just as lazy as blind optimism the problem is even if you know this what do you do about it all good advice is hard to follow. take the investing maxim: buy only when there's blood in the streets easy to understand intellectually difficult to execute emotionally when the blood is flowing there are always plausible reasons why the bloodshed will never end https://twitter.com/i/web/status/2001369878356201647 https://twitter.com/i/web/status/2001369878356201647"  
[X Link](https://x.com/haonan/status/2001369878356201647)  2025-12-17T19:12Z 32.1K followers, [----] engagements


"so far my analysis has held up XPL down 85% this year if you want to understand why read the thread below we need fresh thinking and new ideas of how tokens should be deployed to actaully create lasting value the berachain playbook that plasma and stable are following: launch token attract flows by giving away free tokens fork the same [--] DeFi apps sprinkle incentives on top pray the capital stays farmers dump price drops you give more tokens to hit your APY target they dump https://t.co/pXiVwFTxJT the berachain playbook that plasma and stable are following: launch token attract flows by"  
[X Link](https://x.com/haonan/status/2001372082668737008)  2025-12-17T19:21Z 32.3K followers, 11.2K engagements


"@evmorfem Is that TVL productive or just a vanity metric Is your way of assessing how real a chain is perhaps wrong Do you truly believe the current token meta is producing valuable products for society"  
[X Link](https://x.com/haonan/status/2001379304081600994)  2025-12-17T19:49Z 32.3K followers, [----] engagements


"what companies have produced the best merch for their team and close partners not interested in the usual slop"  
[X Link](https://x.com/haonan/status/2001388245956063422)  2025-12-17T20:25Z 32.3K followers, [----] engagements


"@evmorfem build the thing real customers actually want not the thing that produces the metrics that CT expects"  
[X Link](https://x.com/haonan/status/2001398564421877828)  2025-12-17T21:06Z 32.3K followers, [---] engagements


"if you can't explain why your L2 should exist in one sentence that doesn't involve "scaling" it shouldn't"  
[X Link](https://x.com/haonan/status/2001690972976304353)  2025-12-18T16:28Z 32.2K followers, [----] engagements


"frontier industries are always meritocratic at the cutting edge there is no room for luxury beliefs credentialism identity politics is the sign of an industry too mature to be interesting One of the underdiscussed parts of Jacob Savages essay is the work and creative outlets that many millennial men did find particularly in pockets of tech and online: substack crypto podcasting. Id add retail investing to that list. The author himself sits at his desk and https://t.co/CitZlh71xD One of the underdiscussed parts of Jacob Savages essay is the work and creative outlets that many millennial men"  
[X Link](https://x.com/haonan/status/2001700017132929121)  2025-12-18T17:04Z 32.1K followers, [----] engagements


"coming out tomorrow"  
[X Link](https://x.com/haonan/status/2001872959817027958)  2025-12-19T04:31Z 32.2K followers, [----] engagements


"ironically most crypto companies don't use crypto you wouldn't unless you're speculating or buying JPGs one exception we encountered: when paying contractors abroad we'd use stablecoins because it's easier and settles nearly immediately that moment made me think this works"  
[X Link](https://x.com/haonan/status/2002000863121101257)  2025-12-19T12:59Z 31.9K followers, 15.3K engagements


"http://x.com/i/article/2001720510347169792 http://x.com/i/article/2001720510347169792"  
[X Link](https://x.com/haonan/status/2002017790090236411)  2025-12-19T14:06Z 32.2K followers, [----] engagements


"60% of stablecoins sit on ethereum they just don't move enough yet. codex fixes that"  
[X Link](https://x.com/haonan/status/2002363255222841838)  2025-12-20T12:59Z 31.9K followers, 11.9K engagements


"stablecoins have been legitimized by the highest reaches of the US government when the treasury secretary talks constantly about extending american dominance through stablecoins foreign governments start thinking maybe we should do something too 2026-2030 will be the stablecoin era of crypto. the technical foundations are laid and the regulatory clarity is here now it's about execution https://twitter.com/i/web/status/2002725768804347967 https://twitter.com/i/web/status/2002725768804347967"  
[X Link](https://x.com/haonan/status/2002725768804347967)  2025-12-21T13:00Z 32K followers, 10.5K engagements


"everyone wants to build the stablecoin chain nobody wants to touch the fiat rails that's the edge we have at codex"  
[X Link](https://x.com/haonan/status/2002846554592518378)  2025-12-21T21:00Z 32.1K followers, 12.2K engagements


"stablecoins already make sense in crazy situations crazy governments absurd inflation broken banking systems they work there today. our mission at codex is to broaden the appeal so they make sense for an increasingly large set of people and businesses thats how you go from edge cases to mainstream https://twitter.com/i/web/status/2003224047228977444 https://twitter.com/i/web/status/2003224047228977444"  
[X Link](https://x.com/haonan/status/2003224047228977444)  2025-12-22T22:00Z 32K followers, [----] engagements


"on-chain FX is the holy grail everyone keeps chasing but can't figure out the classic problems are obvious. non-USD stables have no liquidity you can't move real volumes and there's no demand either why the hell would anyone use an onchain mechanism if spreads are wider and more expensive we have solutions on both sides"  
[X Link](https://x.com/haonan/status/2003812991293370677)  2025-12-24T13:00Z 31.9K followers, 12.7K engagements


"fundamentals will make a massive comeback"  
[X Link](https://x.com/haonan/status/2003873341812494766)  2025-12-24T17:00Z 32.1K followers, [----] engagements


"$160B of stablecoins sit on Ethereum today more than any other chain but they don't move as much as they should. that's where codex comes in stablecoins sit on Ethereum they move on Codex"  
[X Link](https://x.com/haonan/status/2004537790764364252)  2025-12-26T13:00Z 31.6K followers, 10.9K engagements


"in [----] even more projects will inevitably pivot to stablecoin-related ventures it's good to have a head start"  
[X Link](https://x.com/haonan/status/2004598102175744316)  2025-12-26T17:00Z 32K followers, [----] engagements


"daily stablecoin volume steadily increasing since [----] codex is coming for you in 2026"  
[X Link](https://x.com/haonan/status/2004658497724764479)  2025-12-26T21:00Z 31.6K followers, [----] engagements


"everybody talks about the stablecoin sandwich like it's solved move fiat to crypto send onchain using stablecoins cash out the other side sounds clean but the reality is fiat rails are busted. conversions cost too much in most countries and there's a bunch of complexities that no one wants to deal with nobody wants to open bank accounts get licensed and deal with all the compliance gunk that's the actual blocker. codex deals with that stuff https://twitter.com/i/web/status/2004930353056858264 https://twitter.com/i/web/status/2004930353056858264"  
[X Link](https://x.com/haonan/status/2004930353056858264)  2025-12-27T15:00Z 32K followers, [----] engagements


"codex exists because businesses shouldn't have to jerry-rig products together originally optimized for gambling just to move money globally"  
[X Link](https://x.com/haonan/status/2005020879349256312)  2025-12-27T21:00Z 32K followers, [----] engagements


"watched a founder on stage talk about changing the world for [--] minutes backstage he spent [--] minutes negotiating which exchange would pump his token harder that's the industry I guess"  
[X Link](https://x.com/haonan/status/2005262480134529428)  2025-12-28T13:00Z 31.9K followers, [----] engagements


"the crypto market until 2026"  
[X Link](https://x.com/haonan/status/2005322892134015074)  2025-12-28T17:00Z 32K followers, [----] engagements


"most L1s and L2s have fewer users than Myspace but trade at valuations that would make you think they're the next Google will we see massive drawdowns as reality sets in probably. but i'm not worried about timing the crash what i do know is capital eventually finds its way to chains and tokens that capture real value. that means real products with real revenue https://twitter.com/i/web/status/2005383268531864002 https://twitter.com/i/web/status/2005383268531864002"  
[X Link](https://x.com/haonan/status/2005383268531864002)  2025-12-28T21:00Z 31.9K followers, [----] engagements


"crypto has a soviet problem when Moscow needed to measure factory performance it chose weight as the metric. the more tons of steel you produced the better you looked on paper factory managers got promoted based on hitting weight targets. so they gamed it by making heavier nails or heavier chandeliers. why make [--] smaller chandeliers when you can make an ultra-heavy one eventually chandeliers got so heavy that they pulled ceilings down we're doing the exact same thing in crypto. projects get funded and tokens pump based on TVL and other metrics. so teams optimize for THOSE numbers instead of"  
[X Link](https://x.com/haonan/status/2005624879899668812)  2025-12-29T13:00Z 32.1K followers, 18.2K engagements


"L2 tokens down 75-86% in [----] worst performers in crypto none of this should surprise anyone. when you have no differentiated product no moat just the same [--] apps that exist everywhere else why would anything of value result from this the market is a weighing machine in the long run turns out it really hates generic L2s with no reason to exist the future lies with L2s that specialize deeply in something specific at codex that is stablecoins https://twitter.com/i/web/status/2005685284613271743 https://twitter.com/i/web/status/2005685284613271743"  
[X Link](https://x.com/haonan/status/2005685284613271743)  2025-12-29T17:00Z 32K followers, [----] engagements


"when I was a kid I was handed an envelope full of cash to fly to the U.S. for school I thought to myself "how can this possibly be the best way to do this I'm gonna get robbed" growing up around temporary expropriations in China hardwires you to care about how people move the fruits of their labor that's why the stablecoin mission is particularly interesting to me https://twitter.com/i/web/status/2005987337768157607 https://twitter.com/i/web/status/2005987337768157607"  
[X Link](https://x.com/haonan/status/2005987337768157607)  2025-12-30T13:00Z 31.9K followers, 14.1K engagements


"the investment game in [----] is going to be very different for years capital chased hype and substanceless narratives while fundamentals sat on the bench collecting dust now traditional systems are merging with crypto. regulations are giving clarity. it's finally viable to build real businesses in this space the real returns from here on out will come from tokens that actually capture value from the products behind them few are positioned for this https://twitter.com/i/web/status/2006047673154167123 https://twitter.com/i/web/status/2006047673154167123"  
[X Link](https://x.com/haonan/status/2006047673154167123)  2025-12-30T17:00Z 32K followers, [----] engagements


"stablecoins now account for 1.35% of the total U.S. dollar supply"  
[X Link](https://x.com/haonan/status/2006108054081921437)  2025-12-30T21:00Z 30.6K followers, 155.5K engagements


"the chain where all stablecoins move will be worth trillions many are chasing this mostly L1s that also run fintech or stablecoin issuer businesses if you're considering building there ask yourself: do you want to deploy on a competitor's infra open systems like codex win"  
[X Link](https://x.com/haonan/status/2007074483279167962)  2026-01-02T13:00Z 31.4K followers, 23K engagements


"crypto optimizes for TVL and FDV so we get protocols built to pump these numbers instead of offering real products when you measure the wrong thing capital flows to the wrong places the next wave won't be won by whoever pumps metrics hardest it'll be won by whoever solves real problems people actually pay for stop building for the dashboard https://twitter.com/i/web/status/2007134824272658775 https://twitter.com/i/web/status/2007134824272658775"  
[X Link](https://x.com/haonan/status/2007134824272658775)  2026-01-02T17:00Z 31.7K followers, [----] engagements


"most crypto founders treat their token holders worse than amazon treats its employees at least amazon gives you a w2"  
[X Link](https://x.com/haonan/status/2007195216722251903)  2026-01-02T21:00Z 31.6K followers, [----] engagements


"stablecoins on ethereum vs other chains ethereum wins"  
[X Link](https://x.com/haonan/status/2007557600737644730)  2026-01-03T21:00Z 31.6K followers, 10.8K engagements


"bnb chain solana sui avalanche hedera cronos near aptos algorand sei monad arbitrum polygon you really think ALL these general-purpose platforms are going to capture durable value and generate real returns what exactly is the differentiated economic value here beyond were faster or some useless tech flourishes nobody asked for the smart investor in [----] is not buying vibes or vanity metrics they're asking: - who has a unique differentiator - where does value actually accrue in the stack - who has sustainable revenue - who has real PMF that's the new game"  
[X Link](https://x.com/haonan/status/2007829388864438402)  2026-01-04T15:00Z 31K followers, [----] engagements


"the compliance officer has become one of the most important hires at any crypto company nobody wants to hear it but it's true"  
[X Link](https://x.com/haonan/status/2007919980550250790)  2026-01-04T21:00Z 31.9K followers, [----] engagements


"an extremely high signal but underrated way to evaluate talent: ask them what their high school yearbook quote was if your behavioral assessment of candidates is rote just to check a box. you are not going to make it"  
[X Link](https://x.com/haonan/status/2008265737392017488)  2026-01-05T19:53Z 30.9K followers, [----] engagements


"I'm fascinated by footage of major figures before their inflection point before the success before the PR agencies parachute in to clean up the image before the ex post story telling before the ego do you recognize who this is"  
[X Link](https://x.com/haonan/status/2008270220524482614)  2026-01-05T20:11Z 30.9K followers, [----] engagements


"minutes after Trump announced Maduro's capture USDT/Venezuelan bolvar prices spiked 40%+ on Binance's P2P marketplace locals scrambled into stablecoins as uncertainty makes people want to preserve what they have but the current system failed due to thin liquidity and fragmented markets. these price spikes shouldn't happen we need to make stablecoins work everywhere flawlessly under any conditions https://twitter.com/i/web/status/2008539660168163813 https://twitter.com/i/web/status/2008539660168163813"  
[X Link](https://x.com/haonan/status/2008539660168163813)  2026-01-06T14:02Z 30.9K followers, [----] engagements


"onchain FX is the holy grail and the whole market keeps tripping over the same cold start non-USD stables have no liquidity so nobody uses them. nobody uses them so liquidity never arrives codex is obsessed with solving both sides of that loop so real volumes can move with tight spreads"  
[X Link](https://x.com/haonan/status/2008946779497353275)  2026-01-07T17:00Z 31.3K followers, [----] engagements


"the crypto playbook the past few years: - make complicated tech (doesn't need to be useful) - tell grand narrative about mainstream adoption - launch token + pay for usage - metrics go up token pumps insiders exit - retail holders get washed away eventually we've been running this script for years [----] will be different"  
[X Link](https://x.com/haonan/status/2009007154314006971)  2026-01-07T21:00Z 31.6K followers, [----] engagements


"from jan [--] US residents sending remittances are hit with a 1% tax on cash money orders and cashier's checks stablecoins are exempt like other digital currencies. millions will adopt the new system to save the 1% even more fuel for the stablecoin boom to continue in 2026"  
[X Link](https://x.com/haonan/status/2009248791640330243)  2026-01-08T13:00Z 30.9K followers, [----] engagements


"the people building "ethereum killers" today will be working at ethereum companies in [--] years"  
[X Link](https://x.com/haonan/status/2009309164221399084)  2026-01-08T17:00Z 31.6K followers, [----] engagements


"the great irony: the moment crypto became real is the exact moment crypto natives stopped buying years of being sold the dream with no results made them too cynical to see that it's literally happening now trad wall street gets it. natives don't"  
[X Link](https://x.com/haonan/status/2009369550832443759)  2026-01-08T21:00Z 31.6K followers, [----] engagements


"i have always yearned for the frontier perhaps it is because i grew up in beijing during the boom years of chimerica where you either kept up with the forces of history or were left behind an extremely high signal but underrated way to evaluate talent: ask them what their high school yearbook quote was if your behavioral assessment of candidates is rote just to check a box. you are not going to make it an extremely high signal but underrated way to evaluate talent: ask them what their high school yearbook quote was if your behavioral assessment of candidates is rote just to check a box. you"  
[X Link](https://x.com/haonan/status/2009413398220747035)  2026-01-08T23:54Z 31.6K followers, [----] engagements


"the most undervalued opportunity in crypto: neutral stablecoin infrastructure because businesses will never build on their competitors' chains"  
[X Link](https://x.com/haonan/status/2009731923271405860)  2026-01-09T21:00Z 30.7K followers, 15.7K engagements


"the Financial Accounting Standards Board in the U.S. is exploring whether stablecoins qualify as cash equivalents as regulatory clarity improves we will see enterprises increasingly adopt stablecoins for cross-border payments and treasury operations"  
[X Link](https://x.com/haonan/status/2010003720562716721)  2026-01-10T15:00Z 30.6K followers, [----] engagements


"your 20s are not for "finding yourself" they're for building leverage. learn fast work with the best people you can access accumulate skills that compound the finding yourself happens by itself when you're actually doing things"  
[X Link](https://x.com/haonan/status/2010093797703889022)  2026-01-10T20:58Z 30.7K followers, [----] engagements


"stablecoins comprise 30% of all on-chain transaction volume"  
[X Link](https://x.com/haonan/status/2010366368382889997)  2026-01-11T15:01Z 30.6K followers, [----] engagements


"ambitious people waste years trying to get into the right room instead become the person other people are trying to get in a room with"  
[X Link](https://x.com/haonan/status/2010456704467775811)  2026-01-11T21:00Z 30.6K followers, [----] engagements


""On-chain FX is the last major blocker for stablecoins." I sat down with @uwwgo CEO of @joinpeanut to explore what it takes to make stablecoins work in the real world. Local partners matter Fiat on/off ramps are everything Three years to global scale"  
[X Link](https://x.com/haonan/status/2010703119534203192)  2026-01-12T13:19Z 30.6K followers, 10.3K engagements


"the hardest part of building stablecoin infrastructure isn't the blockchain it's navigating the maze of compliance banking relationships and fiat rails and connecting all of that to the blockchain"  
[X Link](https://x.com/haonan/status/2010818072605835507)  2026-01-12T20:56Z 30.6K followers, [----] engagements


"Crypto combines the emotional volatility of macro investing with the path dependence of entrepreneurship Do not underestimate the serious builders in the space Peter Thiel on the similarities and differences between entrepreneurship and macro investing https://t.co/2Vn70D8Pj9 Peter Thiel on the similarities and differences between entrepreneurship and macro investing https://t.co/2Vn70D8Pj9"  
[X Link](https://x.com/haonan/status/2010857459670532336)  2026-01-12T23:32Z 31K followers, [----] engagements


"USD is not looking good in [----] this will be the catalyst for real demand for non-USD stablecoins codex is building the rails for onchain FX that this new reality needs"  
[X Link](https://x.com/haonan/status/2011060726119772260)  2026-01-13T13:00Z 30.9K followers, [----] engagements


"what do people use to bet on prediction markets stablecoins"  
[X Link](https://x.com/haonan/status/2011121573030248620)  2026-01-13T17:02Z 30.9K followers, [----] engagements


"remittances today are a tax on the poor traditional systems charge 6.49% because they run on infrastructure from the 1970s stablecoins brought it down to 2.00% but you still get killed on FX spreads and on/off ramp fees codex aims for 0.1% between fiat and stablecoins including multi-currency conversion the new meta of stablecoins https://twitter.com/i/web/status/2011422808975577479 https://twitter.com/i/web/status/2011422808975577479"  
[X Link](https://x.com/haonan/status/2011422808975577479)  2026-01-14T12:59Z 30.6K followers, [----] engagements


"why is nobody building something to bring stablecoins to billions of people around the world oh wait"  
[X Link](https://x.com/haonan/status/2011483959247716509)  2026-01-14T17:02Z 30.6K followers, [----] engagements


"I've had at least [--] convos with other founder / investor types who are losing their minds over how cursor "built a browser from scratch with 100s of agents running over weeks" the reality is the browser does not work overall the components that do are previously human written OSS the rest is slop it is the cursor founders' job to hype up progress ahead of reality it is your job to discern between hype and reality and make quality decisions based on what is actually true https://twitter.com/i/web/status/2012228358386360808 https://twitter.com/i/web/status/2012228358386360808"  
[X Link](https://x.com/haonan/status/2012228358386360808)  2026-01-16T18:20Z 30.9K followers, [----] engagements


"fwiw there are credible reports that running LLMs overnight is practical and 5-10x ing productivity i have yet to hear anything credible at the multi-week scale"  
[X Link](https://x.com/haonan/status/2012229945666179222)  2026-01-16T18:26Z 30.9K followers, [---] engagements


"hmmmmm what's inside the box"  
[X Link](https://x.com/haonan/status/2012257053423628349)  2026-01-16T20:14Z 30.6K followers, [----] engagements


"@Jazz_a_man BORING"  
[X Link](https://x.com/haonan/status/2012259228912656795)  2026-01-16T20:22Z 30.9K followers, [---] engagements


"the winners of the next cycle aren't pure crypto it's those who connect the traditional world to crypto rails we see a future where stablecoins become basic infrastructure that underlies the modern economy just like a bank account does so today"  
[X Link](https://x.com/haonan/status/2013659755156517185)  2026-01-20T17:07Z 30.6K followers, [----] engagements


"it is difficult to sound persuasive reading a speech you do not believe or understand you can tell from @MarkJCarney 's speech in davos that he he has actually read thucydides and havel he has thought through the implications he sees the chess board justin trudeau this is not canada is fortunate to have him at the helm as the world order shifts before our eyes https://twitter.com/i/web/status/2013743666636927379 https://twitter.com/i/web/status/2013743666636927379"  
[X Link](https://x.com/haonan/status/2013743666636927379)  2026-01-20T22:41Z 30.6K followers, [----] engagements


"the next time you're cooking up a vitalik hate-tweet just remember @VitalikButerin has created so much wealth for other people that he is in the top [--] globally he is the youngest by far and if there were a column for the ratio of assets captured personally vs wealth created he could crush everybody else on this list Inspired by John Mackey I built the Bezos [----]. This list ranks entrepreneurs by wealth created for others not personal net worth. You can listen to @iamjohnmackey idea for the Bezos [----] in his wonderful conversation with @davidsenra https://t.co/wQM6S2kkyt"  
[X Link](https://x.com/haonan/status/2013747167781880194)  2026-01-20T22:55Z 30.6K followers, 19.5K engagements


"@GhostofWhitman do you really think gas fees are the only form of economic accrual for stablecoins [----] called they want their mental model back"  
[X Link](https://x.com/haonan/status/2014090735570633183)  2026-01-21T21:40Z 30.6K followers, [--] engagements


"the same stablecoin technology that will allow a bank to move $1 billion in a few seconds will allow someone in a third-world country to transfer $10 to their family"  
[X Link](https://x.com/haonan/status/2014157070531191256)  2026-01-22T02:04Z 30.6K followers, [----] engagements


"one of the great mysteries in stables: there's a sea of non-USD stablecoin issuers but nearly zero usage why because not enough liquidity means not enough customers can use them. and without customers there's no liquidity at codex we're focusing ruthlessly on building the most liquid onchain FX solve that and the rest are details https://twitter.com/i/web/status/2014323232808321479 https://twitter.com/i/web/status/2014323232808321479"  
[X Link](https://x.com/haonan/status/2014323232808321479)  2026-01-22T13:04Z 30.6K followers, [----] engagements


"@0xLaxo depends on the altcoin https://t.co/dhsjYUtI36 https://t.co/dhsjYUtI36"  
[X Link](https://x.com/haonan/status/2014446799298117917)  2026-01-22T21:15Z 30.6K followers, [--] engagements


"https://www.cnbc.com/2026/01/19/venezuelans-turned-to-tether-issued-usdt-stablecoin-as-its-government-wobbled.htmltaid=696e3992947a3a00010d44cc https://www.cnbc.com/2026/01/19/venezuelans-turned-to-tether-issued-usdt-stablecoin-as-its-government-wobbled.htmltaid=696e3992947a3a00010d44cc"  
[X Link](https://x.com/haonan/status/2014805625440763911)  2026-01-23T21:01Z 30.6K followers, [---] engagements


"the total altcoin market is down 20%+ since last year and many L1/L2s are down 80%+ the market grew oversaturated and the weak players are being flushed out. a few alts that pivot and find product-market fit will survive the game is spotting those players before everyone else does. the investors who figure this out will be the warren buffetts of the 2030s https://twitter.com/i/web/status/2015047447178105327 https://twitter.com/i/web/status/2015047447178105327"  
[X Link](https://x.com/haonan/status/2015047447178105327)  2026-01-24T13:02Z 30.6K followers, [----] engagements


"I spoke at the NYSE a few months ago about the importance of stablecoins in financial markets a few months later and they announce a tokenized securities platform with "stablecoin-based funding" the future has never been more clear"  
[X Link](https://x.com/haonan/status/2015168490383273997)  2026-01-24T21:03Z 30.6K followers, [----] engagements


"the warren buffet of the 2030s will be an altcoin investor"  
[X Link](https://x.com/haonan/status/2015529868692435367)  2026-01-25T20:59Z 30.6K followers, [----] engagements


"the delta between a top 1% operator and a top 10% operator is not 9% it's more like 50x hire slower pay more win faster"  
[X Link](https://x.com/haonan/status/2015832179037933848)  2026-01-26T17:00Z 30.6K followers, [---] engagements


"@AptosMove one of the great joys of working on stablecoins is I do not care where spot crypto prices go but if USDC hits $15 I might start caring"  
[X Link](https://x.com/haonan/status/2015894916526731526)  2026-01-26T21:09Z 30.6K followers, [--] engagements


"greed makes you build your own L1 good judgment makes you build on ethereum"  
[X Link](https://x.com/haonan/status/1999904452241944722)  2025-12-13T18:09Z 30.6K followers, [----] engagements


"do kwon got [--] years for the $40B terra/luna collapse still walked away better than most VCs from 2022"  
[X Link](https://x.com/haonan/status/2003163654922076205)  2025-12-22T18:00Z 30.6K followers, [----] engagements


"most stablecoins sit on ethereum over $160B ethereum is the obvious global settlement layer for stablecoins anybody arguing otherwise is probably raising money for an L1"  
[X Link](https://x.com/haonan/status/2013959079329484935)  2026-01-21T12:57Z 30.6K followers, 10.4K engagements


"spent a few days in turkey with the entire @codex_pbc team watching world-class talent argue passionately about the future of stablecoins and crypto never been more bullish"  
[X Link](https://x.com/haonan/status/2014019982825496904)  2026-01-21T16:59Z 30.6K followers, [----] engagements


"first pivot: @0xPolygon in [----] even more projects will inevitably pivot to stablecoin-related ventures it's good to have a head start in [----] even more projects will inevitably pivot to stablecoin-related ventures it's good to have a head start"  
[X Link](https://x.com/haonan/status/2014081073949659311)  2026-01-21T21:02Z 30.6K followers, [----] engagements


"hitting new stablecoin market cap ATHs has become a daily occurrence"  
[X Link](https://x.com/haonan/status/2014443966511644947)  2026-01-22T21:04Z 30.6K followers, [----] engagements


"40% of New Yorkers own crypto 100+ crypto companies headquartered in NY $11B+ raised by crypto companies in NY bullish New York"  
[X Link](https://x.com/haonan/status/2014744200378777917)  2026-01-23T16:57Z 30.6K followers, [----] engagements


"several years ago I left Optimism to work on something my grandmother could understand something with massive economic upside. something I had an edge on if you just stared at the data stablecoins were obvious. deeply contrarian at the time but obvious now the idea has gone mainstream. but we have a huge head start"  
[X Link](https://x.com/haonan/status/2015771715297812769)  2026-01-26T13:00Z 30.6K followers, [----] engagements


"@plastiquekzn @VicNiederhoffer there is an evolutionary reason why losses hurt more than gains"  
[X Link](https://x.com/haonan/status/2016616079359963191)  2026-01-28T20:55Z 30.6K followers, [--] engagements


"@cavemanloverboy currencies not just USD"  
[X Link](https://x.com/haonan/status/2016619826509213854)  2026-01-28T21:10Z 30.6K followers, [--] engagements


"how do you make money in a crypto market that has become institutionalized a market that was previously a public arena where everyone could fight and gain alpha equally but that world is over. the question now is what comes next everyone is declaring altcoins dead even though the conditions for them to actually work are finally materializing you spent years getting rugged by founders who promised to build the future but couldn't because the government made it illegal. so you bought tokens backed by nothing but vibes and technical theater now the treasury secretary is on CNBC talking about"  
[X Link](https://x.com/haonan/status/2016934425909744024)  2026-01-29T18:00Z 30.6K followers, [----] engagements


"@tenitoka_eth exactly and ethereum has $160B+ in stables codex is where they move"  
[X Link](https://x.com/haonan/status/2017299412851053004)  2026-01-30T18:10Z 30.5K followers, [--] engagements


"latin america is now the fastest-growing stablecoin market in the world stablecoin volume grew by 89% to $324 billion last year alone"  
[X Link](https://x.com/haonan/status/2017388116613738591)  2026-01-31T00:03Z 30.6K followers, [----] engagements


"Our piece on Lee Kuan Yew's Singapore just went live at Palladium. https://palladiummag.com/2020/08/13/the-true-story-of-lee-kuan-yews-singapore/ https://palladiummag.com/2020/08/13/the-true-story-of-lee-kuan-yews-singapore/"  
[X Link](https://x.com/haonan/status/1294779496743174144)  2020-08-15T23:34Z 30.6K followers, [--] engagements


"are you ready for one click deploys Introducing the future of Optimistic Ethereum: https://t.co/CzTGuk6OdO Introducing the future of Optimistic Ethereum: https://t.co/CzTGuk6OdO"  
[X Link](https://x.com/anyuser/status/1438933190542905344)  2021-09-17T18:29Z 30.5K followers, [--] engagements


"@optimismPBC"  
[X Link](https://x.com/haonan/status/1438933561109712900)  2021-09-17T18:31Z 30.6K followers, [---] engagements


"1/ Optimism is building an airdrop machine what does this mean Thread below"  
[X Link](https://x.com/anyuser/status/1519020076766138368)  2022-04-26T18:26Z 30.5K followers, [----] engagements


"2/ we believe the Uniswap style one drop and done airdrop should be abandoned in favor of a multi-round iterated airdrop machine"  
[X Link](https://x.com/anyuser/status/1519020085318356994)  2022-04-26T18:26Z 30.5K followers, [---] engagements


"3/ UNIs approach was brilliant in [----]. But what big brains do in the beginning smooth brains do in the end"  
[X Link](https://x.com/anyuser/status/1519020095128801280)  2022-04-26T18:26Z 30.5K followers, [---] engagements


"4/ Two problems have emerged: (1) The space has become more adversarial (2) Nobody actually knows what airdrop designs work best"  
[X Link](https://x.com/anyuser/status/1519020098354249728)  2022-04-26T18:26Z 30.5K followers, [--] engagements


"5/ On (1) Farmers are increasingly sophisticated and shameless"  
[X Link](https://x.com/haonan/status/1519020104675078144)  2022-04-26T18:26Z 30.6K followers, [--] engagements


"6/ Each token airdropped to a farmer is one that could have gone to a real positive-sum user"  
[X Link](https://x.com/haonan/status/1519020107611054082)  2022-04-26T18:26Z 30.6K followers, [--] engagements


"7/ Projects know this but are terrified of alienating their communities with anti-sybil filters that are too harsh"  
[X Link](https://x.com/haonan/status/1519020110203158528)  2022-04-26T18:26Z 30.6K followers, [--] engagements


"8/ Recall the lessons of ParaSwap"  
[X Link](https://x.com/anyuser/status/1519020115831836673)  2022-04-26T18:26Z 30.5K followers, [--] engagements


"9/ on (2) nobody actually knows what airdrop designs work best because not enough experimentation happens"  
[X Link](https://x.com/haonan/status/1519020118902448129)  2022-04-26T18:26Z 30.6K followers, [--] engagements


"10/ airdrops can make or break projects. Because status quo airdrops are typically one drop and done few are willing to experiment"  
[X Link](https://x.com/anyuser/status/1519020121544560645)  2022-04-26T18:26Z 30.5K followers, [--] engagements


"11/ With so much at stake and no data to tease out causality most airdrop designs stick close to conventional wisdom"  
[X Link](https://x.com/anyuser/status/1519020124237221888)  2022-04-26T18:26Z 30.5K followers, [--] engagements


"12/ this means farmers win users lose projects stagnate"  
[X Link](https://x.com/haonan/status/1519020126976106496)  2022-04-26T18:26Z 30.6K followers, [--] engagements


"13/ THE SOLUTION"  
[X Link](https://x.com/haonan/status/1519020129677242368)  2022-04-26T18:26Z 30.6K followers, [--] engagements


"14/ Status quo "one and done" airdrops should be left on the ash heap of history"  
[X Link](https://x.com/anyuser/status/1519020132340666368)  2022-04-26T18:26Z 30.5K followers, [--] engagements


"15/ airdrops should be multi-round iterated on relentlessly through data analysis and experimentation"  
[X Link](https://x.com/anyuser/status/1519020135029248000)  2022-04-26T18:26Z 30.5K followers, [---] engagements


"16/ multiple rounds allow us to run experiments take risks and improve constantly in our pursuit of the perfect airdrop"  
[X Link](https://x.com/haonan/status/1519020152162902016)  2022-04-26T18:26Z 30.6K followers, [---] engagements


"17/ we'd love to hear community ideas on future airdrop designs my dms are always open to those who want to engage in good faith"  
[X Link](https://x.com/anyuser/status/1519020155690389506)  2022-04-26T18:26Z 30.5K followers, [---] engagements


"18/ together we can build the best airdrop machine in the world"  
[X Link](https://x.com/anyuser/status/1519020158391529472)  2022-04-26T18:26Z 30.5K followers, [---] engagements


"we're looking to hire our 3rd data scientist at Optimism to work across iterated airdrops gov fund analysis and sybil detection deep data science skills and familiarity with ML techniques required crypto experience not required apply below https://boards.greenhouse.io/oplabs/jobs/4407295004#app https://boards.greenhouse.io/oplabs/jobs/4407295004#app"  
[X Link](https://x.com/anyuser/status/1547646916795633671)  2022-07-14T18:19Z 30.5K followers, [--] engagements


"crypto today has a heavy chandelier problem"  
[X Link](https://x.com/anyuser/status/1661438785559601155)  2023-05-24T18:27Z 30.5K followers, 29.3K engagements


"yet realities on the ground quickly diverged from the rosy aggregates. when output was measured by weight managers were incentivized to produce heavier products even if it made the product useless"  
[X Link](https://x.com/haonan/status/1661438791301693455)  2023-05-24T18:27Z 30.6K followers, [----] engagements


"we have no centrally planned diktats enforced at gunpoint in crypto. but our own system has created outcomes just as dumb in pursuit of rosy aggregate statistics. too much talent and capital inside crypto today has been deployed to produce heavy chandeliers"  
[X Link](https://x.com/haonan/status/1661438795382771714)  2023-05-24T18:27Z 30.6K followers, [----] engagements


"few protocols generate profits today. so observers rely primarily on activity metrics to judge traction. transactions active addresses and TVL have emerged as our not perfect but good enough metrics of progress"  
[X Link](https://x.com/haonan/status/1661438797324730368)  2023-05-24T18:27Z 30.6K followers, [----] engagements


"we have concentrated capital and labor to produce these metrics at scale. projects that generate these metrics (and have positive first and second derivatives) are rewarded with more funding glowing press coverage and soaring token prices"  
[X Link](https://x.com/haonan/status/1661438798478147587)  2023-05-24T18:27Z 30.6K followers, [----] engagements


"whether these metrics reflect real usage or solve an actual problem is irrelevant. whether the metrics themselves are even real is often also unimportant"  
[X Link](https://x.com/haonan/status/1661438799589638158)  2023-05-24T18:27Z 30.6K followers, [----] engagements


"the best talent in crypto should refuse to work on heavy chandeliers they deserve real problems with real impact they deserve to work on something that will give light"  
[X Link](https://x.com/anyuser/status/1661438802240438297)  2023-05-24T18:27Z 30.5K followers, [----] engagements


"thread is just a teaser full piece analyses sybil dynamics specific metrics games being played the implications of scaling maturing and reaffirms an ethos for the future https://chandeliers.substack.com/p/heavy-chandeliers-d69 https://chandeliers.substack.com/p/heavy-chandeliers-d69"  
[X Link](https://x.com/anyuser/status/1661442724497686540)  2023-05-24T18:43Z 30.5K followers, [----] engagements


"i owe intellectual debts to many particularly: @hasufl @nic__carter @VitalikButerin"  
[X Link](https://x.com/haonan/status/1661514172234907648)  2023-05-24T23:27Z 30.6K followers, [----] engagements


"We have too much demand to serve so we are reluctantly reopening hiring at Codex for [--] seats We only want unstoppable people. Think: "lee kuan yew with a light machine gun" vibe -- We are in stealth but: - just raised $15m of funding from tier [--] US VCs - Our monthly flows waitlist has more than 2x'ed from $175m to $400m. - Powerhouse team with alumni from Optimism Coinbase Meta Palantir and TikTok. -- We have an obsessively high bar for talent. Our most recent eng hire was rank #1 at Waterloo and joins us from Citadel. For those who clear it we offer limitless progression massive scope and"  
[X Link](https://x.com/haonan/status/1879781670125199793)  2025-01-16T06:44Z 30.5K followers, 15.1K engagements


"A BLOCKCHAIN JUST FOR STABLECOINS @codex_pbc is announcing today weve raised $15.8m from @dragonfly_xyz @circle @coinbase and others. Our mission is to fulfill the oldest and most ambitious dream in crypto: a universal electronic cash system"  
[X Link](https://x.com/anyuser/status/1908209773256073375)  2025-04-04T17:27Z 30.5K followers, 169.2K engagements

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