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Yash Agarwal Profile
Yash Agarwal

@yashhsm

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narrative peddler & builder in the tokenized financial system; mostly defi/consumer | @superteam @solana @thesendcoin

Indo-Bhutan border
Joined May 2016
Don't wanna be here? Send us removal request.
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@yashhsm
Yash Agarwal
1 month
Ethereum VCs have EBOLA. [Ethereum Bags Over Logic Affliction] I'll explain how this highly contagious disease started and how you can vaccinate against it. Mega Thread 🧵
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@yashhsm
Yash Agarwal
3 years
CredAvenue becomes the fastest FinTech startup in India to join the Unicorn club in just 18 months🤯🦄 What’s CredAvenue, a billion-dollar Indian startup, probably you’ve never heard of!🤔 Let’s understand👇 An explainer Thread🧵🍿
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@yashhsm
Yash Agarwal
5 months
VCs hate memecoins but I will explain why there’s no difference between memecoins and governance tokens. Governance tokens are just memecoins dressed in a suit. Mega thread 🧵
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@yashhsm
Yash Agarwal
3 months
Now that SOL has an ETF narrative too, what's the differentiation for Ethereum now? Solana can do everything Ethereum does but with 10x better UX
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@yashhsm
Yash Agarwal
5 months
The web2 mind won't be able to comprehend how this shit UI generates $1.3 million in fees in just ONE day.
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Yash Agarwal
2 years
Zerodha crossing ~$240 Million in profits, $570 Million in Revenue along with 2X user growth is simply crazy. Certainly, a $15 Billion+ company!
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@yashhsm
Yash Agarwal
3 years
Web2 Modiji: Ache din aane wale hai Web3 Modiji: WAGMI
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@yashhsm
Yash Agarwal
3 months
Why tf hasn't anyone solved on-chain poker? Why Poker? — Immediate audience of crypto x poker with a sizeable ticket size as well; most whales have been poker players and most communities regularly host poker nights. — Speculation finds immediate PMF in crypto; GTM shouldn’t be
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@yashhsm
Yash Agarwal
3 years
CRED raised $251 Million at a Valuation of a whopping $4 Billion and becomes India's second-biggest FinTech after Paytm. What makes it valued so much - is it a giant in making or a bubble?🤔 Let's decode👇 A Thread🧵
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@yashhsm
Yash Agarwal
1 year
RWAs are hot on the EVM planet & touted as the next big theme in DeFi.💫 However, the RWA narrative is often overlooked in the Solana community. So, I wrote an exhaustive article (18 min read) to dive deeper into the Solana RWA space and what’s ahead. An overview 🧵+ essay👇
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@yashhsm
Yash Agarwal
3 years
@TravelingBharat Sevoke in North Bengal is also quite similar!
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@yashhsm
Yash Agarwal
3 years
Patanjali launching Credit Card is the peak FinTech Moment. Some features: 🚀 Co-branded Card supported by PNB & Rupay (just like Amazon ICICI) 🚀 2% cashback on Patanjali stores 🚀 Manage from PNB genie App 🚀 Multiple memberships like Airport Lounge & insurances. Why👇 1/2
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Yash Agarwal
5 months
governance tokens are memecoins with a suit. wrote my ramblings on the recent debate; particularly from a token distribution pov (hint: fair launch) don't ask for a summary pls; kept it short and crisp — go read now or bookmark it for weekends👇
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@yashhsm
Yash Agarwal
7 months
Solana DePIN now has a combined market cap of $5 billion+
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@yashhsm
Yash Agarwal
2 years
Open Financial Technologies raises $50 Million at a $1 Billion Valuation, and becomes the 100th Unicorn of India🦄🇮🇳 What’s Open? A Billion-dollar Neobank, you’ve probably never heard of!🤔 Let’s decode👇
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@yashhsm
Yash Agarwal
9 months
6 months ago, @_kanishq and I shipped a simple bridging frontend over a weekend called 'The Solana Bridge' and forgot about it. Today, we were surprised to learn that it has processed over $400K in volumes with 0 marketing push! How?? Here's a small but crazy story 🧵
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@yashhsm
Yash Agarwal
7 months
Solana is the most capital-efficient chain.
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@yashhsm
Yash Agarwal
6 months
CCTP 🔥
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@yashhsm
Yash Agarwal
2 years
🚨Launching the latest “Solana DeFi Ecosystem Map” - ft. LIVE DeFi projects on Solana by category📈 👀 Stay tuned for a detailed essay on the State of Solana DeFi - meanwhile, shill what you are building👇 cc: @inSitesh @gizmothegizzer
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@yashhsm
Yash Agarwal
1 year
Show us a more comprehensive payments ecosystem; we'll wait…😏 🚨 Launching the first of its kind, “Solana Payments Ecosystem Map” ft. LIVE projects by category⚡⇩
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@yashhsm
Yash Agarwal
5 months
JUP has 40% for airdrops; while EIGEN has only 15% airdrops. Why? Because 29.5% of Eigen is just for VCs and then they call Solana the "VC chain" lol And yes, both are the top projects of this cycle in the Solana and Ethereum ecosystem respectively.
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@yashhsm
Yash Agarwal
4 months
Since everyone's talking about Low Float/High FDV again –– Let's take the case of Ethereum darling, EigenLayer: EigenLayer, arguably the biggest Ethereum protocol of this cycle, is a classic example. The insiders (VCs and team) hold a sizeable chunk of 55%, with the initial
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@yashhsm
Yash Agarwal
1 month
Imagine $140 million actually went into building consumer apps — you can literally fund 140 consumer seed rounds ($1 million). Remember you don’t need lot of capital to kickstart consumer apps until PMF. Hope story doesn’t just give out incentives, attract mercenaries, and then
@StoryProtocol
Story (꧁IP꧂)
1 month
1/ Announcing $140M in total fundraising to build Story, the World’s IP Blockchain.
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Yash Agarwal
2 years
Heard of USDC? The company behind USDC just raised $400 Million from one of the world's biggest traditional investors, BlackRock!💰 Why would such a traditional investor like BlackRock invest in USDC? What makes Circle so valued at ~$10-15 Billion?🤔 Let's understand👇🧵
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Yash Agarwal
2 years
Observation: Majority of early-stage startups are now looking VC funding as a signal (conviction for their idea) instead of actual capital need.
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@yashhsm
Yash Agarwal
7 months
Whhatttt –– Some whale just bridged 142 ETH to 3K SOL (~$530K) from our bridging frontend [The Solana Bridge] 🐳🤯
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@yashhsm
Yash Agarwal
10 months
9 months ago, we made this map [⇣] when no one was talking Solana DeFi. Today, everyone is! Time to make a new map/graphic + guide (v2); catering huge influx of users; looking to discover the top Solana projects/dApps + farm airdrops. Anyone missing/new projects? Pls, reply!🙏
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@yashhsm
Yash Agarwal
1 month
"IP Restaking" 😵
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@yashhsm
Yash Agarwal
1 year
Tokenized Securities [On-chain T-bills/ETFs] are going strong with over $220 Million Market Cap - almost all in the last 4-5 months!🔥 What's going on in the space - why it's booming, how it works, and what's ahead? 🧵⇩
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@yashhsm
Yash Agarwal
4 months
Hiring is overly broken in crypto at this point. → Projects struggling to discover talent. → Talent, particularly freshers, struggling to get jobs. Want to solve this at micro level. Potential solutions here?
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@yashhsm
Yash Agarwal
2 months
Told you so; EigenLayer has done more damage to Ethereum than any protocol with almost zero impact, apart from making few VCs rich.
@CoinDesk
CoinDesk
2 months
SCOOP: @eigen_labs , the company behind @eigenlayer , circulated a list of its employees' wallet addresses to ecosystem projects that were preparing to airdrop tokens. Some teams asked for the list. At least one didn't. @skesslr & @realdannynelson report
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@yashhsm
Yash Agarwal
11 months
Went through a tiring Visa process and 36 hour journey/4 airports to reach Amsterdam — would love to meet as many folks as possible and chat anything around Payments, RWAs, Stablecoins and DeFi! Bonus: Giving a 10 min niche talk on “Researching the Solana Ecosystem” on 1st Nov🙂
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@yashhsm
Yash Agarwal
2 years
🚨 Update: Going full-time in Web3🚀 From deploying 1st ETH smart contract in 2018 to observing from the sidelines for 3 years. Getting into @SuperteamDAO in 2021, not just revived my Web3 journey, but pushed me to build my own Web3 project! Thread on my Web3 journey🧵👇
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@yashhsm
Yash Agarwal
9 months
Solana deFi is happening
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@buffalu__
buffalu
9 months
solana DeFi is happening
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@yashhsm
Yash Agarwal
4 years
Just a fact, 1 lakh invested in Nifty 50, exactly a year ago, would have turned into ~2 Lakh!
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@yashhsm
Yash Agarwal
2 years
People often ask me, “Which city do you belong to and work from?” While I don't have a concrete answer as I don’t belong to any city, but a more exotic location. Here’s a small thread on what earning in $$ and working from an Indo-Bhutan🇮🇳🇧🇹 border town looks like! 👇🧵
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@yashhsm
Yash Agarwal
6 months
Last week, wrote a super long article (30 mins :P), but if you want to get a gist of Solana DeFi in one go or just understand DeFi? Look no further! The best part - simply scroll to your favorite DeFi sector and read that section right now!
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@yashhsm
Yash Agarwal
3 years
Slice, a GenZ credit startup raised $220 Million at a whopping valuation of ~$1.2 Billion joining the unicorn club🦄💸. Is @sliceit_ really valued so much, or just the hype of credit cards?🤔 Let's decode👇
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@yashhsm
Yash Agarwal
5 months
In the next few months, we will see clones of Solana projects on other chains. For eg. already seeing — Pump/fun, but for Base — Sanctum, but for Sui — Phoenix, but for Monad — Jito, but for Aptos — Jupiter, but for Sui — ORE, but for Sui — Tensor, but for Aptos
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@yashhsm
Yash Agarwal
11 months
Guess who is behind those slides😉
@JackLipstone
Jack Lipstone
11 months
As @aeyakovenko says, @solana applications all share the same Network State which have the components in place to build a parallel financial ecosystem
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@yashhsm
Yash Agarwal
10 months
Woah! Drift raised $23.5 million in a Series A round (and announced it at Breakpoint), and this went completely under the radar?? Was this intentional @cindyleowtt ?
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@yashhsm
Yash Agarwal
7 months
Alpha: List of quality Tokenless Solana DeFi protocols (without defined points) 🌾 → @PhoenixTrade (Spot Order book) → @sanctumso (LST Liquidity Layer) → @openbookdex (Spot Order book) → @SDX_markets (Options) → @DeVolNetwork (Options) → @AdrasteaFinance (Yield Vaults) →
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@yashhsm
Yash Agarwal
5 months
Tip to very early-stage projects –– Form a curated telegram group of early supporters from Day 1. It should include: - Angel/VCs/Investors - Power Users (can pick from twitter as well) - Devs who can build on top/integrate + do OSS contributions - Content creators/KOLs (focus
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@yashhsm
Yash Agarwal
7 months
Why the hell is the market valuing Parcl at $2.2 billion FDV? (as per Aevo pre-markets) Fundamentals seem way off: → TVL: $103 million (vanity metric) → Daily volumes: $2-3 million (Lifetime volume is only ~$290 million; for context, Jupiter Perps is doing $400 in daily
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@yashhsm
Yash Agarwal
2 years
In 1907, US Banking was collapsing with banks & trusts themselves going bankrupt, but there was one very rich man, 'JP Morgan' who came to save the economy. Fast forward to 2022, FTX's SBF is saving crypto. What was the 1907 panic & how's SBF "modern JP Morgan"?🤔 A Thread🧵👇
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@yashhsm
Yash Agarwal
7 months
Solana is the #1 chain for DePIN.
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@yashhsm
Yash Agarwal
5 months
Pump has an annualized revenue rate of ~$128 Million! Created this concept chart; If you have no idea how it exactly works👇
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@yashhsm
Yash Agarwal
8 months
Solana now has: 🇺🇸USD: USDC, USDT, USDP, UXD, USDH, USDY, ZUSD 🇪🇺EUR: EURC, EUROe 🇯🇵GYEN 🇨🇦QCAD 🇨🇭VCHF 🇹🇷bLira, 🇮🇸ISKT and 🇧🇷BRZ as well (some not that active) Liquidity still not the best for most pairs, but one step closer to on-chain FX! @gizmothegizzer
@GMOTrust
GMO-Z.com Trust Company
8 months
📢We are excited to announce the launch of our stablecoins #GYEN and #ZUSD on @Solana , marking a key milestone in our multi-chain development! Get ready for secure, seamless transactions starting next month on our platform. Learn more: #stablecoin
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Yash Agarwal
3 months
My 2 cents to crypto builders — DON’T take any grants to start a project if you are really serious about taking your project 100x. Think of grants as salary equivalents. Grants just make your project shortsighted and put unnecessary product constraints in the early stages.
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@yashhsm
Yash Agarwal
9 months
It’s time for Bitcoin 🤝 Solana –– the #1 and #3 to team up! BTC -> Capital SOL -> Fast Execution Layer Win-Win for both! Here's why everyone is calling for "Bitcoin x Solana", the current state of the ecosystem, and what's next🧵👇
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@yashhsm
Yash Agarwal
10 months
🧠 Cross-Chain Thesis: One of the best case studies of apps leveraging the Solana bridging gold rush is undoubtedly @phantom via their cross-chain swapper — achieving $13 million+ in volume with 7k+ unique users in just 2 weeks! 🔥 The best part is the seamless UX — no need to
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@yashhsm
Yash Agarwal
9 months
$9 to $95 $3.5 billion to $40 billion 2023's biggest winner is undoubtedly SOL and the Solana ecosystem - quite dramatic how it played out.
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@yashhsm
Yash Agarwal
6 months
Where's the "$0.001" transaction, that I was promised at L2s like Base?
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@yashhsm
Yash Agarwal
8 months
Superteam is a Wormhole Contributor 👀
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@yashhsm
Yash Agarwal
3 years
Want to increase your profile reach? Just write something praising or criticising BITS, and the mafia would do the magic xD
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@yashhsm
Yash Agarwal
4 months
At this point, I am in literal awe of Phantom's excellent execution of Go-To-Market: - Biggest Crypto Consumer App (Many know it as a "Memecoin App") –– 7 million monthly active users - Top 5/10 apps in multiple categories across multiple geographies on App/Play stores. - Best
@phantom
Phantom
4 months
We’ve got big news… We’ve acquired @bitski , a leading provider of embedded wallets 🎉
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@yashhsm
Yash Agarwal
6 months
A Tier-1 VC-funded Jupiter-like protocol on Solana might be launching their token and no one is talking about them on CT. As always, alpha is in the long form :P
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@yashhsm
Yash Agarwal
10 months
Looking to go Long/Short on assets with 10/100x leverage on Solana? List of Solana Perps: 1. @ZetaMarkets (Points ongoing) 2. @DriftProtocol ( #1 by volume with 20+ assets) 3. @mangomarkets (the OG) 4. @JupiterExchange (by #1 DeFi team & good UX) 5. @GooseFX1 (still small)
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@yashhsm
Yash Agarwal
1 year
1/1 Art scenes on Solana are among the most vibrant, yet they remain one of the least talked-about sectors. They truly deserve their own story. 🚨 Introducing the "State of 1/1 Art Market on Solana" essay, a first-of-a-kind analysis! High-level overview thread + essay 🧵👇
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@yashhsm
Yash Agarwal
7 months
Have been using @FlashTrade_ and genuinely feel it has a solid chance to be the #1 perp DEX on Solana. Here's what I love: 1) Beautiful UI and Intuitive UX; all interactions are 🧈 2) No slippage and instant filling of orders (thanks to the peer-to-pool model) 3) FLP –– it's
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@yashhsm
Yash Agarwal
7 months
Memecoins are crazy; I funded this wallet with 5 SOL yesterday
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@yashhsm
Yash Agarwal
4 months
SVM is here to stay and is ready to explode as a standard. Over 25 teams are already building for the SVM narrative! 🔥 Don't miss this wave; read this article now to stay ahead of the curve.
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@yashhsm
Yash Agarwal
3 months
Wild Prediction –– The next $1 billion token launch on Solana will be an SVM stack/infra play. Watch out 👀
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@yashhsm
Yash Agarwal
1 month
Holy shit – this blew up. Thanks for all the love on this one! ngl, it was challenging to stitch together 5-6 random pointers into a themed article/thread while plugging Solana. I'm always a bit anxious about such controversial rants, but to my surprise, everyone, including the
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@yashhsm
Yash Agarwal
3 months
Solana Summit was great: moderated a panel on memecoins for the first time —lots of learnings for next time. Thanks to the leaders from @birdeye_so , @JupiterExchange , @solanafm , and @samoyedcoin . Special thanks to @SaigonButcher and @SolanaSummitOrg for the opportunity.
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@yashhsm
Yash Agarwal
3 months
In the last 1 month, talked to 15+ protocols migrating/expanding from Ethereum to Solana — who reached out for ecosystem GTM help. Everyone is shit scared about Ethereum fragmentation. Never felt so bearish about Ethereum.
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@yashhsm
Yash Agarwal
2 years
An underrated narrative: Solana is becoming the chain for DePIN (Decentralised Physical Infrastructure)👇 - @helium (Wireless network) - @Hivemapper (Mapping network) - @PollenMobile (Wireless network) - @teleportxyz (Mobility) What else?🧐
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@yashhsm
Yash Agarwal
5 months
TIL, telegram is just 30 people 🤯
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@yashhsm
Yash Agarwal
1 year
Sounds weird, but Solana is now doing ~117x more NFT sales volume than Polygon (last 24 hours)☠️
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@yashhsm
Yash Agarwal
5 months
Outside Solana, I think TON has a high potential to become the memecoin chain on the back of a massive distribution (~900M users) Study PMF of Telegram bots x Memecoins. Telegram will use memecoins as a GTM for TON (who knows they end up creating a category eg. emojicoin)
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@yashhsm
Yash Agarwal
2 months
Solana Hackerhouse Bengaluru was truly special — went from being an attendee in 2022 to giving 4 talks/workshops/panels in 2024, thanks to @superteam . Best part; many folks have started to recognize me IRL; thanks to Twitter. We all grew up along with the Solana Ecosystem 🙏
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@yashhsm
Yash Agarwal
1 year
Here’s cool UX case study using compressed NFTs: 1) 100k+ subscribers were dropped card packs via @drip_haus 2) Each pack had 3 cards representing popular crypto characters like Vitalik 3) This pack was automatically revealed via “Tap to reveal” experience inside the
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@yashhsm
Yash Agarwal
9 days
Devcon (12-15 Nov, Thailand) can be a good venue/timing for the next Solana ecosystem conference/side event –– I'd love for it to be small cozy consumer-themed, which is likely to be a hot narrative by then.
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@yashhsm
Yash Agarwal
2 years
Wild thought: Solana dApps should double down on Bitcoin!🤔 BTC -> Not Usable, but has huge Capital SOL -> Usable, but lacks Capital Here's how Solana can potentially leverage BTC to attract more capital/activity🧵👇
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@yashhsm
Yash Agarwal
2 years
Imagine a Crypto founder, who raised $2 Million in USDC and kept in FTX, lost that. Again raised $2 Million in Fiat, fighting for 2 months with VCs in bear market and kept it in Silicon Valley Bank, only to lose it again😶‍🌫️
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@yashhsm
Yash Agarwal
3 years
With most FinTechs burning huge amounts of investors' money, to acquire users and then ultimately do lending. CredAvenue's model is definitely a refresher! Can CredAvenue inspire the next-gen of FinTechs?🏦 P.S - If you found this insightful, please ReTweet the first tweet :)
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@yashhsm
Yash Agarwal
1 month
Expansive products like CEX, but completely on-chain!
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@yashhsm
Yash Agarwal
9 months
Polymarket (Prediction Markets on Polygon) has been doing insane volumes lately and will continue to grow due to a happening year ahead. Anyone building this on Solana, where this can be completely onchain with CLOBs, whereas Polymarket uses a Hybrid Order book with an off-chain
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@yashhsm
Yash Agarwal
2 months
Let's say you are given –– $10 million and 2 Months. You have to beat @pumpdotfun 's huge network effects & become #1 memecoin launchpad. How would you do it? It can involve any features, GTM strategies, marketing, or a combination. (ofc, if you even think it's possible lol)
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@yashhsm
Yash Agarwal
2 months
With a $900 billion+ asset manager, @hamilton_lane , now launching a fund on Solana, we are moving up on this curve! h/t @nickducoff
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@solana
Solana
2 months
Finance just became more accessible. @Librecap on Solana lets you invest in alternative assets like private credit funds with $10k, not $250k+ — all from your phone. This is finance for everyone 🧵
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@yashhsm
Yash Agarwal
2 years
WazirX's daily volume is down from the peak of $566M to just $2.8M (down by ~202X) While taxes were being taken as a positive note by exchanges, it has badly affected their volumes, hence revenues + bear market.
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@yashhsm
Yash Agarwal
3 years
“We pay only USDC or USDT” Want to earn & get paid crypto💰 But clueless on how to accept crypto and convert that into INR?🤔🇮🇳 What’s a wallet address & how to go about it? A beginner gyaan thread on accepting crypto payments for Indians🧵👇
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@yashhsm
Yash Agarwal
11 months
A good day to use these cards — Happy Diwali Lads 🪔🪔
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@yashhsm
Yash Agarwal
2 months
In less than 2 months, PayPal’s PYUSD growth to $240 million+ and its emergence as the third-largest stablecoin on Solana is amazing: — Over $145 million is held in @KaminoFinance Lend alone. Thanks to incentives by PayPal, yields are quite attractive for anyone to swap their
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@yashhsm
Yash Agarwal
3 months
SVM is happening!
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@yashhsm
Yash Agarwal
1 year
gm from Tiger’s Nest, Bhutan!
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@yashhsm
Yash Agarwal
4 months
Solana L2s Infra have now started raising funds; expect some announcements soon (maybe next week as well) Go read this, if you still haven't –– for all the alpha on Solana L2s/Appchains.
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@yashhsm
Yash Agarwal
11 months
RWAs are still in their infancy, and adoption won't happen suddenly, unlike other DeFi categories. RWAs will continue to expand in two primary directions: - More Assets - More Markets (starting with strong and friendly jurisdictions like Switzerland, Hong Kong, and Singapore)
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@yashhsm
Yash Agarwal
1 month
Looking to build anything DeFi for the Solana Hackathon (Radar)? Go read the top ideas/themes to build –– plenty of $$ funding available + huge gaps still in Solana DeFi (wrote 5 months back; still super relevant) cc: @ColosseumOrg @superteam
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@yashhsm
Yash Agarwal
6 months
good sunny day in Dubai. let’s catchup, if you are around.
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@yashhsm
Yash Agarwal
3 years
Anyone up for BITS DAO?
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@yashhsm
Yash Agarwal
6 months
In the past 1 year, I have written 7 'State of the Ecosystem' articles/reports spanning across 40k+ words with 30k+ reads. Here's a thread of all the top Solana ecosystem articles 👇 🧵
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Yash Agarwal
5 months
Contrary to popular belief, Solana already has rollups! But much more app-specific and completely abstracted for a user. Eg. @getcode , a micro-payments app on Solana uses pseudo-rollup structure! It creates intents for all transactions and employs a sequencer which settles on
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Yash Agarwal
5 months
Some quick stats on BONKbot: - 300K+ users - $5.2 billion in cumulative volumes - charges 1% fees (~$52 million in fees); 10% of which burns BONK - Peak trading volume ~$250 million - Still does ~$30 million daily volumes (more than L1s like Aptos)
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@yashhsm
Yash Agarwal
5 months
Workplace for today!
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Yash Agarwal
2 years
Finally landed in Bengaluru after 2.5 years for the Solana HackerHouse and here till Sunday. FinTech/Web3 folks in Hackerhouse or in general, let's catchup!🚀 DM or 👋
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Yash Agarwal
3 years
2021 was the year of Indian FinTech: 12 Unicorns🦄, $9+ Bn💰 raised which accounted for ~1/3rd of total investments in all startups.🤯 Let’s have a look at highlights of FinTech 2021 and what’s next for FinTech 2022?👇 Key FinTech trends thread🧵
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Yash Agarwal
7 months
Entered the Solana Ecosystem, when SOL was above $200 — after 2 years of dabbling around, SOL is finally back! 🫡 Still $35 away from my first SOL investment though 🫠
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Yash Agarwal
1 year
Wrote a super long article (30 mins :P), but if you want to get a gist of Solana DeFi in one go or even just understand DeFi in general? Look no further! The best part - Simply scroll to your favorite DeFi theme and read that section 'right now'!
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