I'm Sunjinwo76. Founder of Dadacoin (the satirical memecoin) and Zentrix Game (indie game creation platform).
Video games, crypto, and sports are my obsessions. Curious by nature, engaged by choice. I don't watch this industry from the bleachers, I'm in the field with the rest of you.
YouTuber too, by passion. I love doing what I love and giving life to my dreams. That's the through-line behind every project I ship: build the thing I'd want to use, even when the path is longer than it should be.
On this blog I write the opinionated pieces: the analysis, the news with attitude, the memecoin takes. The neutral pedagogical stuff is signed Dadacoin (the editorial collective). Different voices, same panda.
80 articles by Sunjinwo76
- Analysis
$460B for 17,423 Tokens: Crypto's Altcoin Problem in 2026
16 juin 2026 · CoinGecko tracks 17,423 cryptocurrencies. BTC and ETH claim $1.55T of a $2.36T market. The remaining 17,421 tokens share $460B and mostly exist to look busy.
- DeFi
GMX v2 in 2026: Why Isolated Markets Beat the GLP Model
16 juin 2026 · GMX v2 swapped pooled GLP for isolated GM markets in 2023. Three years on, what the shift delivered for LPs, and why Hyperliquid is still the harder problem.
- Analysis
Bitcoin Dominance at 56%: The Altseason Thesis for 2026
15 juin 2026 · BTC dominance is 56.61%, a level that preceded major altcoin rallies in 2019 and 2021. Three structural factors could delay the rotation to Q1 2027.
- DeFi
Uniswap v4 Hooks: $650M TVL and Still Chasing v3's $1.5B
15 juin 2026 · Uniswap v4 crossed $650M TVL in June 2026 across 16 chains. v3 still holds $1.47B. The hooks model is compelling. The migration cadence is the real story.
- DeFi
Aerodrome on Base: $3.68B Weekly Volume, AERO Down 84%
14 juin 2026 · Aerodrome Slipstream cleared $3.68B in 7-day volume on Base. AERO trades 84% below its 2024 ATH. The fee engine works. The token chart still refuses to notice.
- Analysis
AI Gaming Tokens 2026: The Studio-First Thesis Is Dead
14 juin 2026 · AI gaming tokens keep dying at TGE. The 2024 studio-first launch model is broken. New thesis: memecoin first, game later. Why the flip might actually work.
- DeFi
Lido stETH 2026: Why the LST Throne Erodes Quietly
13 juin 2026 · Lido stETH still leads LSTs by supply in June 2026. But EtherFi, Renzo, Puffer and Kelp chip away at the edges. The boring throne is cracking quietly.
- Analysis
Telegram Bots Quietly Won The Memecoin Layer: 2026
13 juin 2026 · Bonkbot, Maestro, BANANA route a huge slice of memecoin volume in 2026, while DEX tokens bleed. The thesis: bots own the wallet, and the wallet is the app.
- DeFi
Curve crvUSD in 2026: The LLAMMA Soft-Liquidation Bet
12 juin 2026 · DefiLlama shows DeFi TVL at $71.21B on June 12, 2026. Curve's crvUSD uses LLAMMA, the only stable that soft-liquidates instead of wiping borrowers out.
- Analysis
L2s Don't Pump ETH Anymore: The 2026 Value-Tax Thesis
12 juin 2026 · ETH dominance dropped to 8.93% on June 12, 2026. L2s captured the activity, blobs subsidized them, and ETH stakers paid the tab. The Vitalik 2020 bet broke.
- Analysis
Bitcoin Miners' Fee Math: The 2028 Halving Cliff Is Real
11 juin 2026 · Bitcoin at $62,950 on June 11, 2026. Block subsidy 3.125 BTC. Fees pay 3% of miner revenue. The 'fees will replace subsidy' thesis is quietly failing.
- DeFi
DeFi TVL at $71.10B: How Restaking Triple-Counts ETH
11 juin 2026 · DefiLlama puts DeFi TVL at $71.10B on June 11, 2026. Strip the LST-into-LRT-into-lending loops and the real net number sits closer to $30B. Audit time.
- DeFi
BSC TVL Jumped 36% in 7 Days: The Mechanism Inside
10 juin 2026 · BSC DeFi TVL climbed 36.28% in 7 days to $7.36B, putting it ahead of Solana. Behind the number: an incentive program, a perp DEX, and Aster going viral.
- Analysis
The Onchain Dollar Just Forked Into Three Personas
10 juin 2026 · Stablecoins, tokenized T-bills, yield-bearing dollars. Three onchain dollar markets now, each chasing a different buyer. The 'stablecoin' label is over.
- DeFi
How Pendle PTs Became DeFi's New Lending Collateral
09 juin 2026 · Pendle Principal Tokens are quietly listed as collateral in Aave, Morpho and Spark. The carry trade looks clean. The risks the spreadsheet leaves out are not.
- Analysis
Top 5 Tokens Own 80% of Crypto: A 2026 Moat Thesis
09 juin 2026 · Top 5 tokens hold $1.81T of $2.24T crypto. Liquidity moat hit 81% in June 2026. Why the long tail of 17,328 alts can't escape, and what breaks the thesis.
- Analysis
Berachain 2026: Did Proof-of-Liquidity Actually Work?
08 juin 2026 · Berachain shipped its tri-token PoL flywheel 16 months ago. The data says: yields up, mercenary capital still here, BERA at half launch price. A 2026 audit.
- DeFi
EtherFi eETH in 2026: Real Yield Behind the Points
08 juin 2026 · EtherFi is still the largest LRT by TVL, but the points season is over. Strip out the airdrop math and the real eETH yield gets uncomfortable to read.
- Analysis
BSC TVL Down 10.86%: Why The Metric Is Wrong in 2026
07 juin 2026 · BSC TVL bled 10.86% to $5.17B last week. The bears are reading the wrong dial. A thesis on why TVL has stopped tracking what makes a chain matter in 2026.
- DeFi
Jito's MEV-LST Flywheel: Where Solana Yield Comes From
07 juin 2026 · JitoSOL stacks inflation, MEV tips, and JITO emissions on one validator. With Solana TVL at $4.77B, the flywheel deserves more than a yield screenshot.
- DeFi
Aerodrome and the ve(3,3) Flywheel: Base's DEX Bet
06 juin 2026 · Aerodrome captures more than half of Base's DEX volume on a ve(3,3) emissions flywheel. The model has held. The real test starts when AERO emissions taper.
- Analysis
USDT Flippening: How Tether Caught ETH at $187B in 2026
06 juin 2026 · ETH at $187.06B. USDT at $187.02B on June 6, 2026. The gap is $40M. Why the stablecoin flippening of ETH is a structural rerating, not a one-day blip.
- Analysis
ETH Dominance Hit 9 Percent: The 2026 Two-Asset Thesis
05 juin 2026 · ETH dominance hit 9 percent on June 5, 2026, lowest sustained reading since 2019. BTC sits at 56 percent. Two-asset crypto market is no longer a meme.
- DeFi
Sky Protocol USDS: The 2026 Savings Rate Mechanism
05 juin 2026 · Sky's USDS savings rate runs on T-bills, crypto collateral and a careful governance layer. The mechanism is real. The risks are real too, just quieter.
- Analysis
Why Bitcoin Runes Failed to Save the Fee Economy in 2026
04 juin 2026 · Runes was supposed to replace the halving's lost subsidy. Two years in, daily miner fees fell to a 12-month low. The Bitcoin fee economy never matured.
- DeFi
Hyperliquid HLP Vault: Who Underwrites the Perp Yield?
04 juin 2026 · Hyperliquid's HLP vault quietly anchors the largest onchain perp venue in 2026. The yield is real, the drawdowns are real, the JELLY ghost still walks.
- Analysis
L1 Wars Are Done: Crypto Has One Trade Left in 2026
03 juin 2026 · Total DeFi TVL hit $76.11B on June 3, 2026 as BSC fell 3.63% w/w and Solana followed. The L1 rotation playbook is dead. Crypto trades as one beta now.
- Analysis
Why MSTR Trades Below NAV in 2026: A Treasury Thesis
03 juin 2026 · MSTR trades 75% below its November 2024 peak even as Strategy holds 818,334 BTC. The treasury company premium that defined four crypto years has compressed.
- Analysis
Points Killed the Crypto Airdrop: Inside the 2026 Reset
03 juin 2026 · Hyperliquid airdropped 31% of HYPE in November 2024. Eighteen months later, points run every serious crypto launch and the airdrop is structurally finished.
- DeFi
Ethena USDe in 2026: The Funding-Rate Pressure Test
02 juin 2026 · Ethena's USDe held $5.92B on March 16, 2026. sUSDe yield already compressed to 3.72%. With BTC down 4% today, the funding-rate mechanism gets a real test.
- Analysis
Web3 Gaming Tokens: 18 Months Flat, AAA Trap Thesis
02 juin 2026 · Web3 gaming tokens haven't moved in 18 months while crypto hit fresh 2026 highs. AAA launches arrived. The rally did not. A structural read on why now.
- Analysis
Ethereum 9.38% Dominance: Why L2s Ate Their Parent
01 juin 2026 · ETH dominance dropped to 9.38% on June 1, 2026. The L2 thesis was supposed to grow Ethereum. Instead it cannibalized it. Why the floor may not be 5% yet.
- DeFi
Morpho vs Aave 2026: Why Curators Are Eating Lending
01 juin 2026 · DeFi TVL hit $80.1B on June 1, 2026 with ETH below $2K. Morpho's curator vaults keep grinding share off Aave's pool. The mechanism, the risks, the catch.
- Analysis
Crypto Turnover at 2.1%: Why the Quiet Market Sticks
31 mai 2026 · $54.48B in 24h volume on $2.58T market cap means crypto traded at 2.1% turnover. Below 2021 levels. The institutional thesis explains why this is structural.
- DeFi
Pendle's $7B TVL Drop: The Boros Funding-Rate Pivot
31 mai 2026 · Pendle's TVL fell from $8.9B in Aug 2025 to $1.5B today. Boros and Ethena fill the gap. The mechanism, the risks, and why the yield curve still matters.
- Geopolitics
BRICS Promised De-Dollarization: USDT Just Won 2026
30 mai 2026 · BRICS keeps announcing the end of USD dominance. Meanwhile USDT crossed $188B in May 2026. Where on-chain settlement quietly defeated geopolitical theory.
- Analysis
17,392 Coins, $82B Volume: The Listing Inflation Thesis
30 mai 2026 · CoinGecko tracked 17,392 active cryptos on May 30, 2026 for $82.80B daily volume. That is $4.8M per coin: the listing inflation has hit a structural ceiling.
- Analysis
DePIN Tokens Down 99%, Revenue Hit $72M: 2026 Thesis
29 mai 2026 · DePIN tokens lost 94-99% from their highs. Networks quietly generated $72M in 2025 revenue. The 2026 divergence is the thesis nobody is pricing in yet.
- Geopolitics
El Salvador's BTC vs the IMF: The 2026 Status Check
29 mai 2026 · The IMF asked El Salvador to pause sovereign BTC buys as a $1.4B deal condition. Eighteen months on, the Treasury still adds. The fine print, examined.
- Analysis
9.45% ETH Dominance: Altseason Is Structurally Dead
28 mai 2026 · ETH dominance hit 9.45% on May 28, 2026 while BTC held 57.83%. The cycle thesis still says altseason returns. The structural read says it never does again.
- Analysis
Bitcoin Mining at $75K: The 2026 Miner Squeeze Thesis
27 mai 2026 · Bitcoin at $75.82K with miner block rewards halved and hashprice falling. The miner economy is quietly cracking. Why the 2026 squeeze defines the cycle.
- Analysis
Why 200+ Chains Share Only 35% Of DeFi In 2026: L1 Math
26 mai 2026 · DeFi TVL hit $82B on May 26, 2026. Three chains hold 66% of it. The other 200+ blockchains share 34%. Why the L1 fragmentation story quietly died this year.
- Analysis
Solana Plateaued, BSC Passed It in DeFi TVL: Thesis
25 mai 2026 · DefiLlama: BSC TVL reached $5.63B on May 25, 2026, edging past Solana's $5.49B. The narrative chain lost to the boring chain. Chain rotation quietly flipped.
- Analysis
Why NFTs Went Silent in 2026: A $5.5B Floor Thesis
24 mai 2026 · NFT volume hit a $5.5B annualized floor in 2025. Nifty Gateway closed. NFT Paris cancelled. The collectibles narrative died. The primitive did not. Here's why.
- Analysis
BUIDL at $2.2B, Retail at Zero: The 2026 RWA Thesis
23 mai 2026 · BlackRock BUIDL hit $2.2B and tokenized Treasuries cleared $15B by May 14, 2026. Retail holds essentially zero. Why the RWA retail thesis is broken now.
- Analysis
Bitcoin L2s Down 74% in 2026: A Sober BTCFi Thesis
22 mai 2026 · Bitcoin L2 TVL collapsed 74% in 2026 while Babylon's BTC staking topped $5.6 billion. BTCFi is now two divergent stories, and the panda picks them apart.
- Analysis
Order Books Won Perp DEXs: The 2026 Hyperliquid Thesis
21 mai 2026 · Hyperliquid cleared $4 trillion in perps by May 2026 and now holds 70% market share. The AMM was always a workaround. Why order books structurally won.
- Analysis
Rollup Winter: Why Most L2s Won't Survive Into 2027
20 mai 2026 · Hundreds of rollups, $43B Ethereum mainnet TVL, only $28B for the entire long tail combined. Most L2s will not see 2027. Here is the dated rollup thesis.
- Analysis
Why Zcash and Monero Are Quietly Repricing in 2026
19 mai 2026 · Zcash up 14x. Shielded supply at records. Paradigm and a16z backing the dev team. The privacy thesis is no longer fringe, and the timing is not random.
- Analysis
AI Agent Wallets Will Pick Cheap Chains, Not Ethereum
18 mai 2026 · Autonomous agents need predictable sub-cent fees and instant finality. Ethereum mainnet does not qualify. Here is the thesis on which chains host them by 2027.
- Memecoin
Dogecoin in 2026: Whale Wallets Hit ATH, Price -6%
18 mai 2026 · Whale wallets now hold 108B DOGE worth $11.6 billion, an all-time high in May 2026. The Panda counts the gap between accumulation and a spot price down 6%.
- News
Strategy May Sell Bitcoin to Buy Back $1.5B in Notes
18 mai 2026 · On May 14, 2026, Strategy disclosed a $1.5B convertible buyback at 92 cents, possibly funded by Bitcoin sales. The panda has questions about that pivot.
- News
CLARITY Act Passes Senate Committee 15-9: What's Next
17 mai 2026 · The CLARITY Act crypto market structure bill cleared the US Senate Banking Committee 15-9 on May 14, 2026. Two Democrats crossed. The floor vote still looms.
- Analysis
Crypto Became Three Markets In 2026. The Math Is Clear.
17 mai 2026 · Bitcoin holds 58% of crypto market cap. Tether alone holds 7%. Everything else fights over what's left. The 'one market' narrative quietly died in 2026.
- Memecoin
OFFICIAL TRUMP: $516M Market Cap, $777M Unlock Wall
17 mai 2026 · OFFICIAL TRUMP holds a $516M market cap and $46M daily volume, with 237M tokens in float and roughly 800M more vesting through 2028 across affiliates.
- Memecoin
FLOKI in May 2026: 550K Holders, Valhalla, -12% Week
16 mai 2026 · FLOKI sits at a $306M market cap and roughly 550,000 holders while bleeding 12 percent in seven days. The Panda counts the gap between pitch and chart.
- News
Bitwise Launches BHYP: First Spot Hyperliquid ETF Live
16 mai 2026 · Bitwise's BHYP began NYSE Arca trading on May 15, 2026, the second spot Hyperliquid ETF this week. HYPE jumped 23% in 24 hours. The panda counts wrappers.
- Analysis
USDT Quietly Won the Stablecoin Wars: A 2026 Thesis
16 mai 2026 · USDT crossed $189B on May 16, 2026. Despite the regulated-stablecoin narrative, Tether structurally won. Why the duopoly story is wrong, with dated calls.
- Memecoin
BONK by the Numbers: 985K Wallets and a 1T Burn Pending
15 mai 2026 · BONK sits at 985,389 holders, a $570M market cap, and a 1 trillion token burn waiting at the one million wallet mark. The Solana memecoin by the numbers.
- Analysis
Gaming Tokens vs Memecoins: The 2026 Boundary Collapse
15 mai 2026 · In 2026, GameFi tokens and memecoins share launchpads, audiences, and DEX pools. The boundary collapsed. Thesis on what comes next, with dated predictions.
- News
Charles Schwab Finally Launches Spot Crypto Trading
15 mai 2026 · Charles Schwab opened spot Bitcoin and Ether trading to retail clients on May 13, 2026. The 75-bps fee is fine. The fence around it tells the real story.
- Memecoin
PEPE in May 2026: Numbers Behind the 62% Memecoin Rally
14 mai 2026 · PEPE just rallied 62% as memes heated up in 2026. The Grumpy Panda counts 552K holders, daily volume and whale wallets before calling a real altseason.
- News
JPMorgan Files JLTXX on Ethereum for GENIUS Act Reserves
14 mai 2026 · JPMorgan filed JLTXX, its second tokenized money-market fund on Ethereum, on May 13, 2026. Target: stablecoin reserve compliance under the GENIUS Act.
- Regulation
UK FCA Sets Crypto Gateway to Open September 30, 2026
14 mai 2026 · The UK FCA opened its PASS pre-application service on May 11, 2026. The full crypto gateway opens September 30, 2026, with the regime live October 25, 2027.
- Analysis
What Is BNB Smart Chain (BSC)? A 2026 Beginner Guide
14 mai 2026 · BSC runs 192 TPS, 0.45s blocks, and gas under one cent. Here is what BNB Smart Chain actually is in 2026, and what it stubbornly refuses to be.
- Analysis
Ethereum's Two Markets: 9.95% Asset vs 52% DeFi Lock
13 mai 2026 · Ethereum's market dominance slipped to 9.95% on May 13, 2026, yet ETH infrastructure still hosts 52% of all DeFi TVL. Two markets, one chain ticker now.
- Analysis
Memecoins Without Altseason: The 2026 Survival Thesis
13 mai 2026 · BTC dominance hit 58.27% on May 13, 2026. Conventional wisdom says memecoins die in this regime. The 2026 cohort proved it wrong. Thesis with dated calls.
- News
Base Azul Live: Two Provers, One-Day L2 Withdrawals
13 mai 2026 · Base mainnet activates Azul on May 13, 2026: a dual TEE plus ZK proof system compresses L2 withdrawals to roughly one day. The panda has read the spec twice.
- Regulation
US CLARITY Act Heads to Senate Vote on May 14, 2026
13 mai 2026 · The US Senate Banking Committee meets May 14 to mark up the 309-page CLARITY Act. House-passed in 2025, the bill now faces its Senate floor reckoning.
- Tutorial
How to Spot a Memecoin Rug Team in 15 Minutes Flat
13 mai 2026 · Step-by-step memecoin team audit on BSC: Telegram age, dev wallets, deploy history, doxx claims. Spot rug teams before the liquidity quietly walks away.
- Analysis
How to Audit a BSC Memecoin Contract in 10 Minutes Flat
12 mai 2026 · Step-by-step BSC memecoin contract audit using BscScan, Honeypot.is, GoPlus, and the LP screen. Spot honeypots, mint backdoors and rugs in 10 minutes.
- Analysis
BSC vs Solana 2026: Why the Boring Chain Is Winning
12 mai 2026 · BSC's DeFi TVL is now within $250M of Solana, and the gap is closing quietly. The boring chain is outcompeting the narrative chain. The panda has receipts.
- News
Solana's Alpenglow Goes Live on Testnet, 100x Finality
12 mai 2026 · Solana's Alpenglow consensus is live on the community testnet since May 11, cutting finality from 12.8 seconds to 150 ms. What it really changes for builders.
- Regulation
MiCA vs GENIUS Act: Twin July 2026 Crypto Deadlines
12 mai 2026 · MiCA's CASP deadline in the EU and the GENIUS Act stablecoin rules in the US both land in July 2026. Same month, two very different theories of crypto.
- Memecoin
Memecoin Tokenomics Reset: Inside the $370M Burn Pivot
11 mai 2026 · Pump.fun's $370M burn and shift to a 50/50 revenue split signals a structural change in how memecoin launchpads now design their tokenomics in mid-2026.
- Analysis
AI Agent Wallets: A Quiet Turning Point for Crypto UX
10 mai 2026 · Trust Wallet's agent kit and Ethereum's ERC-8004 are turning crypto wallets into infrastructure for autonomous AI agents. Here is what changed in 2026.
- Analysis
BSC Memecoins in 2026: The State of the Game
08 mai 2026 · BNB Smart Chain memecoins evolved a lot since 2021. Here's what changed, what didn't, and where the smart money is paying attention in 2026.
- Analysis
On-Chain Gaming Tokens 2026: A Sector Worth Watching
08 mai 2026 · On-chain gaming tokens are quietly outperforming pure-meme plays in 2026. Here is why utility, AI-driven creation, and L2 cost economics now matter more.
- Analysis
AI Agents in Crypto: Why 2026 Is the Real Tipping Point
07 mai 2026 · Autonomous AI agents are quietly reshaping crypto in 2026. From on-chain trading bots to AI-powered gaming economies, here is what is driving the shift.
- Analysis
Welcome to the Dadacoin Blog: Crypto with a Grumpy Twist
07 mai 2026 · A new daily crypto blog with a Dadacoin angle: market satire, holder-friendly insights, and the grumpy panda's take on the BSC ecosystem.