RaaS #408: Solana DEX Volume Crosses $3B!

Kaito Revamps Website, OMNI Network Buybacks 7% Supply, and Moar!

Kaito AI launches a revamped Yaps site featuring the “Pre-TGE Mindshare Arena,” ranking top crypto projects by community activity. The update adds leaderboards, feeds, and better UX, supporting Kaito’s InfoFi mission to reward engagement and address crypto information fragmentation.

Virtuals Protocol partners with TokenTable to enhance Genesis launches, automating vesting and refunds on-chain to ensure fair token distribution. The first Genesis launch saw 18,900 transactions and 8,300 wallets, leveraging TokenTable’s infrastructure to manage complex tokenomics efficiently.

Sassal notes that Base, Arbitrum One, OP Mainnet, zkSync Era, and Starknet have reached Ethereum’s Stage 1 decentralization, reducing central control while securing $38.5M to $14.7B TVS. The Dencun upgrade cut fees by 90 percent. Stage 2 aims for near-total censorship resistance.

Tyler Tarsi details Omni Network’s buyback of 6.77% of $OMNI tokens from early investors, cutting private holdings from 20.06% to 13.29% to boost community ownership. This reflects a wider crypto trend toward sustainable tokenomics and long-term protocol growth.

Koeppelmann highlights Paris kidnappings tied to crypto wealth, urging for more cohesive societies like Germany or Austria to deter such crimes. It critiques AML systems for data leaks fueling crime and suggests privacy-focused alternatives like zk proofs.

Coinbase suffered a data breach costing $180M to $400M, with hackers bribing staff to access customer data and internal documents. The case highlights the rising threat of human-factor breaches, per Verizon’s 2023 report. Coinbase is refusing to pay attackers and has launched a $2M bounty program aimed at identifying the attackers.

Wut say you CAthgeir?

CT virality is a psychological strategy, not chance. Drawing on crowd behavior theory, viral content triggers strong emotions. KNOW your audience, good hooks do wonders, and a message that resonates.

Emily Lai explains the shift in crypto marketing from social mindshare to user acquisition and retention. Lai calls for product-driven models over token speculation, with Kaito’s platform tracking user behavior across 300+ Web3 teams.

Top Gainers: LIT, MPL, BTU, BBT, FAI.

Movement Labs secretly promised insiders up to 10 percent of MOVE supply, raising transparency concerns. Advisers sought $50M in tokens posing as shadow co-founder. The scandal follows a prior $38M token dump by Web3Port that crashed MOVE’s price.

Solana DEX volume hit $800B in Nov 2024, led by memecoin and token swaps. Blockworks data shows BTC trading on Solana surged to $3B by Apr 2025. Raydium led with a 31 percent share, but Pumpfun and SolFi are rising, showing evolving competition in Solana’s DeFi landscape.

That’s all for today, see ya later!