What is USD1?
A stablecoin issued by WLFI, 100% backed by fiat assets.
Operating on Ethereum, BNB Chain, and recently integrated with Solana.
Nearly $3B in market cap, ranking 6th worldwide.
Stands out with the “America First” brand, potential tax incentives, and deep integration into the Solana memecoin ecosystem.
Why Does It Matters?
1. Expansion to Solana & Strategic Partnerships
WLFI partnered with Bonk (the largest Solana memecoin) and Raydium (top DEX) to boost USD1 liquidity.
USD1 trading volume on Solana surpassed $1.7M per day.
2. Strengthening the Memecoin Ecosystem
WLFI invests in and supports memecoins paired with USD1 such as #1coin, creating FOMO and a viral community effect.
The dynamics are similar to the previous DOGE/USDT boom.
3. Market & Political Narrative
The narrative ties in with Trump’s pro-crypto stance, offering rewards and “made in America” incentives - becoming even more attractive post-election.
4. Strong On-chain Momentum
91% utilization rate, $74M borrowed based on collateral assets.
WLFI fund invests heavily, with vibrant community engagement.
Key Projects
$1 - WLFI owns 1%, Bonk-backed, ATH $50M
$VALOR - Strong marketing, linked to “Trump-America”
$ROI - Jumped from $250K to $3M/day, “pump & rug” risk
$MMGA - Trump meme theme, high growth expectations
Risks
High Volatility: Prices can surge 10–20x but also crash rapidly; ROI has been flagged as a potential rug.
Rug Pull/Scam: Small-cap tokens are vulnerable to team dumps or liquidity withdrawal.
Low Liquidity: Smaller pools make prices easier to manipulate.
Market Manipulation: Whales or Bonk/WLFI funds could pump and dump, causing FOMO among retail investors.
AI Agents & x402 Micropayments
Why Does It Matters?
x402 hit 500K+ txns in mid-October (up 10,780% WoW), with peaks of 239K daily txns and $332K volume - now at 13M txns and $10M+ on-chain volume.
Upcoming Catalysts:
Kite AI ($KITE) goes live on Binance with staking rewards; enables x402 micropayments for AI data queries. Post-TGE volume could hit $500M+, boosting agent interoperability.
Solana Foundation's event for x402 devs; focuses on agentic apps (e.g., autonomous trading bots). Past hackathons drove 30% SOL pumps expect AI token flows.
Bank of England public input on regulated stablecoins (e.g., USDC for x402). Green light could unlock $50B+ AI payment volume by EOY, per forecasts
Key Projects
Some x402 tokens I’m watching right now:
$KITE: Core settlement layer; enables "Agentic Internet" with intent-based txns. Upcoming TGE on Binance (Nov 10) could spike volume
$DREAMS: #3 facilitator by txns; bridges inference + payments. Strong in DeFi/gaming agent workflows.
$PAYAI: #2 facilitatorby txns and volume; bridges Web2/Web3; essential for non-crypto devs adopting x402
$SOON: An integrator and enabler for x402 ecosystems, leveraging its high-throughput SVM stack (30K+ TPS, <400ms finality) to facilitate fast, low-fee micropayments for AI agents
$PING: $PING (the first x402 token from Ping Observer) is launching its dedicated launchpad - c402.markets like VIRTUAL for AI Agent
Risks
Security vulns (e.g., Crypto-MCP exploits)
Watch CPI (Nov 13) for macro drag
