$300B in stablecoins is looking for yield. Real-world assets are looking for capital. The interesting question is how we connect the two.
Tomorrow our CPO Sergei joins the Wenaltseason Labs Space to work through it with the panel.
๐ August 20 | 3:00 PM UTC | 11:00 AM ET
๐ Space link https://twitter.com/i/spaces/1nGnRBVBbyMGO
See you there! ๐
Tomorrow our CPO Sergei joins the Wenaltseason Labs Space to work through it with the panel.
๐ August 20 | 3:00 PM UTC | 11:00 AM ET
๐ Space link https://twitter.com/i/spaces/1nGnRBVBbyMGO
See you there! ๐
โค4๐ฅ3
We go live in one hour ๐๏ธ
$300B in stablecoins. A real economy that needs capital. Connecting the two looks obvious โ until you start building the model.
At 3 PM UTC, our CPO Sergei joins Wenaltseason Labs to unpack how this can actually work.
See you there in Space https://twitter.com/i/spaces/1nGnRBVBbyMGO
$300B in stablecoins. A real economy that needs capital. Connecting the two looks obvious โ until you start building the model.
At 3 PM UTC, our CPO Sergei joins Wenaltseason Labs to unpack how this can actually work.
See you there in Space https://twitter.com/i/spaces/1nGnRBVBbyMGO
Please open Telegram to view this post
VIEW IN TELEGRAM
๐ฅ4๐ฅฐ3๐1
Last week we joined the Wenaltseason Labs to discuss the $300B stablecoin market, DeFi liquidity and what could bring capital back onchain.
Our main takeaway: ๐๐ต๐ฒ ๐ป๐ฒ๐ ๐ ๐ฐ๐ต๐ฎ๐ฝ๐๐ฒ๐ฟ ๐บ๐ฎ๐ ๐ฏ๐ฒ ๐ฏ๐ถ๐ด๐ด๐ฒ๐ฟ ๐๐ต๐ฎ๐ป ๐ฎ๐ป๐ผ๐๐ต๐ฒ๐ฟ ๐ฟ๐ผ๐๐ฎ๐๐ถ๐ผ๐ป ๐ถ๐ป๐๐ผ ๐ฎ๐น๐๐ฐ๐ผ๐ถ๐ป๐.
Stablecoins are becoming financial infrastructure. The real opportunity is what gets built on top of them - tokenized Treasuries, credit, funds and other real-world assets.
At 8Blocks, this is exactly how we approach Digital Assets: ๐๐ผ๐ธ๐ฒ๐ป๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ถ๐ ๐ถ๐ป๐ณ๐ฟ๐ฎ๐๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฒ. ๐ง๐ต๐ฒ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ฝ๐ฟ๐ผ๐ฑ๐๐ฐ๐ ๐ถ๐๐๐ฒ๐น๐ณ ๐ต๐ฎ๐ ๐๐ผ ๐๐ผ๐ฟ๐ธ ๐ณ๐ถ๐ฟ๐๐.
Thanks to Wenaltseason Labs and all participants for the great discussion ๐๏ธ
Our main takeaway: ๐๐ต๐ฒ ๐ป๐ฒ๐ ๐ ๐ฐ๐ต๐ฎ๐ฝ๐๐ฒ๐ฟ ๐บ๐ฎ๐ ๐ฏ๐ฒ ๐ฏ๐ถ๐ด๐ด๐ฒ๐ฟ ๐๐ต๐ฎ๐ป ๐ฎ๐ป๐ผ๐๐ต๐ฒ๐ฟ ๐ฟ๐ผ๐๐ฎ๐๐ถ๐ผ๐ป ๐ถ๐ป๐๐ผ ๐ฎ๐น๐๐ฐ๐ผ๐ถ๐ป๐.
Stablecoins are becoming financial infrastructure. The real opportunity is what gets built on top of them - tokenized Treasuries, credit, funds and other real-world assets.
At 8Blocks, this is exactly how we approach Digital Assets: ๐๐ผ๐ธ๐ฒ๐ป๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ถ๐ ๐ถ๐ป๐ณ๐ฟ๐ฎ๐๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฒ. ๐ง๐ต๐ฒ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ฝ๐ฟ๐ผ๐ฑ๐๐ฐ๐ ๐ถ๐๐๐ฒ๐น๐ณ ๐ต๐ฎ๐ ๐๐ผ ๐๐ผ๐ฟ๐ธ ๐ณ๐ถ๐ฟ๐๐.
Thanks to Wenaltseason Labs and all participants for the great discussion ๐๏ธ
โ4๐ฅ3
On August 19 the US Treasury announced it was doubling its buyback of long bonds. Bitcoin cleared $70 000 within the hour and the market added $500b over the week.
Not one new dollar appeared in the process: the Treasury repurchases older issues with new borrowing, debt outstanding stays flat, bank reserves do not rise.
Here is the part worth your attention. The buyback works in paper maturing in 10 to 30 years. Stablecoin issuer reserves under GENIUS sit in paper maturing inside 93 days. Two different ends of the same curve, and the operation touched only one of them. Duration got repriced, on-chain liquidity did not. Stablecoin supply has been contracting since May, the first decline in four years.
For a team preparing a TGE the distinction is not academic. Your token launches against the money already sitting on-chain, not against a 30-year bond. The first went up in August, the second did not. Watch three things instead of the bitcoin price: whether the 30-year yield falls after September 9, whether dominance drops below 55%, whether stablecoin supply resumes growth.
Two of the three are currently negative.
๐ 8Blocks - Tokenomics
Not one new dollar appeared in the process: the Treasury repurchases older issues with new borrowing, debt outstanding stays flat, bank reserves do not rise.
Here is the part worth your attention. The buyback works in paper maturing in 10 to 30 years. Stablecoin issuer reserves under GENIUS sit in paper maturing inside 93 days. Two different ends of the same curve, and the operation touched only one of them. Duration got repriced, on-chain liquidity did not. Stablecoin supply has been contracting since May, the first decline in four years.
For a team preparing a TGE the distinction is not academic. Your token launches against the money already sitting on-chain, not against a 30-year bond. The first went up in August, the second did not. Watch three things instead of the bitcoin price: whether the 30-year yield falls after September 9, whether dominance drops below 55%, whether stablecoin supply resumes growth.
Two of the three are currently negative.
๐ 8Blocks - Tokenomics
โค3
STON.fi is the largest DEX on TON by TVL.
However, the STON token is currently trading at 98.7% below its April 2024 peak. The discrepancy lies not in the tokenโs utility, but in how much money actually flows to the token.
Over the past 12 months, users have paid $5.63 million in fees. Liquidity providers took $4.16 million, leaving the protocol with $1.47 million โ 26%. This is the total amount that the DAO can convert into STON.
Even if it were to burn the entire amount, it would amount to 4.7% of the market cap per year. Market share does not translate into demand for the token when the product operates without a token.
Swapping on STON.fi does not require STON. LP rewards do not require STON. Staking, ARKENSTON, and GEMSTON retain existing holders but do not turn new users into token holders.
In the 8Blocks audit, the โToken-Product Linkageโ section accounts for 40% of the score and received 2.9 out of 5 points โ hence the final rating of 63/100 (BBB).
The takeaway for the team designing the token: donโt focus on product fees, but rather on the portion that can physically reach the holder, and position the token along the path the user is already taking.
8Blocks - Tokenomics
However, the STON token is currently trading at 98.7% below its April 2024 peak. The discrepancy lies not in the tokenโs utility, but in how much money actually flows to the token.
Over the past 12 months, users have paid $5.63 million in fees. Liquidity providers took $4.16 million, leaving the protocol with $1.47 million โ 26%. This is the total amount that the DAO can convert into STON.
Even if it were to burn the entire amount, it would amount to 4.7% of the market cap per year. Market share does not translate into demand for the token when the product operates without a token.
Swapping on STON.fi does not require STON. LP rewards do not require STON. Staking, ARKENSTON, and GEMSTON retain existing holders but do not turn new users into token holders.
In the 8Blocks audit, the โToken-Product Linkageโ section accounts for 40% of the score and received 2.9 out of 5 points โ hence the final rating of 63/100 (BBB).
The takeaway for the team designing the token: donโt focus on product fees, but rather on the portion that can physically reach the holder, and position the token along the path the user is already taking.
8Blocks - Tokenomics
๐3๐ฅ2โค1โ1
Every event has the same two rooms. One has a stage, a moderator, and four people agreeing with each other. The other is everyone standing near the bar, actually asking things.
Tonight there's only the second one. The BlockDelta Social Mixer runs with no panels and no presentations - Dubai's digital assets and AI crowd, one venue, and a few hours to talk. That format suits us. We've never needed a slide to explain what a token model does.
Two things we're happy to get into. If you're building a token: what the model pays for, who it pays, and what breaks when emissions outrun demand. If you own a real asset - a building, an energy asset, contracted revenue: whether it can carry fractional investment without you handing over control. That second one is our newer work, Digital Asset Strategy.
Sergei is there from our side. If you're in the room, come find him.
Tonight there's only the second one. The BlockDelta Social Mixer runs with no panels and no presentations - Dubai's digital assets and AI crowd, one venue, and a few hours to talk. That format suits us. We've never needed a slide to explain what a token model does.
Two things we're happy to get into. If you're building a token: what the model pays for, who it pays, and what breaks when emissions outrun demand. If you own a real asset - a building, an energy asset, contracted revenue: whether it can carry fractional investment without you handing over control. That second one is our newer work, Digital Asset Strategy.
Sergei is there from our side. If you're in the room, come find him.
โค2๐1๐1
One contractor handles tokenomics, another the pitch, a third market making, and a fourth the listing. A bundle of contracts with no single area of shared responsibility, and something gets lost at every handover.
๐ To solve this problem, we have consolidated the launch into a single track together with Fibonacci and BingX.
8Blocks is responsible for tokenomics, product logic, and investor presentations. Fibonacci handles pitch sessions with funds and market making. BingX guides the project through due diligence and executes the listing.
Each stage prepares the next, rather than creating a new gap.
Market making starts simultaneously with the listing, not a month later. Vesting is designed for the round you are actually raising. The model arrives at the exchange in the exact form it has been tested in.
What this delivers in practice:
โ A choice of six modules with fixed pricing and timelines
โ Entry from your current stage: from a workshop to a ready-to-go listing
โ One working chat instead of correspondence with five teams
โ Project review and module recommendations within 24โ48 hours
๐ Product link
This is suitable for teams with an MVP entering web3, projects approaching TGE, those needing an audit of an existing model, and those restructuring tokenomics after a failed launch.
Of the 542 listings in 2025, 79% went underwater within the first 90 days. The difference between these projects and the rest is usually in the preparation, not the market.
8Blocks - Tokenomics
8Blocks is responsible for tokenomics, product logic, and investor presentations. Fibonacci handles pitch sessions with funds and market making. BingX guides the project through due diligence and executes the listing.
Each stage prepares the next, rather than creating a new gap.
Market making starts simultaneously with the listing, not a month later. Vesting is designed for the round you are actually raising. The model arrives at the exchange in the exact form it has been tested in.
What this delivers in practice:
โ A choice of six modules with fixed pricing and timelines
โ Entry from your current stage: from a workshop to a ready-to-go listing
โ One working chat instead of correspondence with five teams
โ Project review and module recommendations within 24โ48 hours
This is suitable for teams with an MVP entering web3, projects approaching TGE, those needing an audit of an existing model, and those restructuring tokenomics after a failed launch.
Of the 542 listings in 2025, 79% went underwater within the first 90 days. The difference between these projects and the rest is usually in the preparation, not the market.
8Blocks - Tokenomics
Please open Telegram to view this post
VIEW IN TELEGRAM
โค5๐ฅ3โ2๐1
Pump.fun buys back half of its revenue from the market, and 60% of the bought-back amount is permanently removed from circulation. A total of 36% of the maximum supply has been burned, yet the price remains at its historical minimum.
Usually, at such a point, people talk about a weak product. But the product is actually strong: $63.6m in user commissions per month. It's all about the arithmetic.
Half of the revenue generates approximately $1.7m in daily demand, while the token's daily trading volume is $112.2m. The buyback covers only 2% of the volume.
๐ฅ And no action on the platform requires the token: a memecoin can be launched and traded without it.
From this, a practical conclusion for those currently designing value capture. Divide the daily bid by the daily volume before the buyback makes it into the presentation. A clear number indicates that you have built communication, not a demand mechanism.
๐ผ๏ธ Model breakdown โ in our audit.
๐ Concise summary โ in our article.
8Blocks - Tokenomics
Usually, at such a point, people talk about a weak product. But the product is actually strong: $63.6m in user commissions per month. It's all about the arithmetic.
Half of the revenue generates approximately $1.7m in daily demand, while the token's daily trading volume is $112.2m. The buyback covers only 2% of the volume.
From this, a practical conclusion for those currently designing value capture. Divide the daily bid by the daily volume before the buyback makes it into the presentation. A clear number indicates that you have built communication, not a demand mechanism.
8Blocks - Tokenomics
Please open Telegram to view this post
VIEW IN TELEGRAM
๐ฅ5๐3โ2โค1
$ZEC has risen 30% in two days, and we know why. The full audit of the coin is now available on our website
Link: https://8blocks.io/audits/zcash-tokenomics-audit
8Blocks - Tokenomics
Link: https://8blocks.io/audits/zcash-tokenomics-audit
8Blocks - Tokenomics
โคโ๐ฅ3๐ฅ3๐2โ1
Almost every exchange token now has its own network where it functions as gas. The logic is clear: everyone pays for transactions, creating forced demand for the token, but where is the effect?
The problem is that gas demand is proportional to activity, and activity does not appear simply from the fact of launching an L2. In a sample of six tokens, the TVL of their networks differs by thousands of times. Some networks hold billions, while others hold less than one million dollars. In the presentation, it is the same line: native gas token.
Below approximately $100m TVL, gas ceases to be an argument in tokenomics. Utility remains in the document, but there is no real demand behind it.
Therefore, the answer to the question "what features should a modern exchange token have" was provided in a new study by our team: How to launch an exchange token so that it does not become useless.
8Blocks - Tokenomics
The problem is that gas demand is proportional to activity, and activity does not appear simply from the fact of launching an L2. In a sample of six tokens, the TVL of their networks differs by thousands of times. Some networks hold billions, while others hold less than one million dollars. In the presentation, it is the same line: native gas token.
The situation with buybacks is even worse. Exchanges conduct them, but they buy back without plans or goals, and burn tokens that were never even in circulation.
Below approximately $100m TVL, gas ceases to be an argument in tokenomics. Utility remains in the document, but there is no real demand behind it.
Therefore, the answer to the question "what features should a modern exchange token have" was provided in a new study by our team: How to launch an exchange token so that it does not become useless.
8Blocks - Tokenomics
โค4โ3๐2
The Zcash Lockbox was long read as a mechanism that removes coins from circulation. 12% of each block reward went to a separate fund, and this looked like a reduction in supply.
The arithmetic showed otherwise. The accumulated tranche was paid out in full, in a single operation, to a multisig of three organizations. The Lockbox defers supply, it does not remove it. Meanwhile, the procedure for the second tranche has not yet been approved, and it continues to accumulate every day.
Apply this to the distribution chart. Any line labeled โtreasuryโ, โreserveโ, or โecosystem fundโ remains deferred supply until a rule is described by which it moves. A wallet without a spending rule is not a freeze, but a sudden unlock without a date, and the market cannot value it.
Final coin rating: BBB and 66/100
Full audit $ZEC see on our website: https://8blocks.io/audits/zcash-tokenomics-audit
8Blocks - Tokenomics & RWA
The arithmetic showed otherwise. The accumulated tranche was paid out in full, in a single operation, to a multisig of three organizations. The Lockbox defers supply, it does not remove it. Meanwhile, the procedure for the second tranche has not yet been approved, and it continues to accumulate every day.
Apply this to the distribution chart. Any line labeled โtreasuryโ, โreserveโ, or โecosystem fundโ remains deferred supply until a rule is described by which it moves. A wallet without a spending rule is not a freeze, but a sudden unlock without a date, and the market cannot value it.
Final coin rating: BBB and 66/100
Full audit $ZEC see on our website: https://8blocks.io/audits/zcash-tokenomics-audit
8Blocks - Tokenomics & RWA
โค4๐3๐3