| 1 | Nov 10, '25 | Advice to men in their 20s: 1. Get better at speaking. Do embarrassing stuff like record yourself, Toastmasters, study good speakers and try to emulate them to try out their verbal | 83× | 2.2M | 9.3k | 776 | 8.1k |
| 2 | Nov 27, '25 | In Defense of Exponentials I used to tell founders, the reaction you are going to get to your launch is not hate, it’s indifference. By default, nobody cares about your new chain. | 80× | 2.2M | 3.7k | 661 | 2.6k |
| 3 | May 17, '23 | Yesterday I freaked out about the revelation that @Ledger could spit out your private key with a firmware update. Yet I noticed the smartest people were not freaking out. Was I mis | 55.7× | 1.5M | 2.4k | 500 | 1k |
| 4 | Sep 12, '24 | Fucking wild. @OpenAI's new o1 model was tested with a Capture The Flag (CTF) cybersecurity challenge. But the Docker container containing the test was misconfigured, causing the C | 43.4× | 1.2M | 7.5k | 886 | 3k |
| 5 | Mar 17, '25 | I passed on @solana's seed round in early 2018 at $0.04. At current prices, that's a 3,250x. Solana was one of my first ever pitches as a junior VC, and back then I wrote memos for | 42.6× | 1.1M | 4.6k | 241 | 1.8k |
| 6 | Jul 25, '25 | Dragonfly invested into PepperSec, Inc., the developers of Tornado Cash, in August of 2020. We made this investment because we believe in the importance of open-source privacy-pres | 35× | 944k | 2.8k | 353 | 244 |
| 7 | Feb 26, '25 | Damn. Bybit just released their audit report—the compromise was not Bybit, but SAFE's servers. They hot swapped the Gnosis SAFE UI with JS code that ONLY targeted Bybit's cold wall | 34× | 916k | 3.3k | 475 | 900 |
| 8 | Oct 26, '18 | Don't "work harder." Instead: Cut away distractions. Stop doing fake work. Ask for help. Plan. Solicit criticism. Automate what can be automated. Engage your mentors. Exercise. Get | 31.2× | 0 | 18k | 6k | 1.5k |
| 9 | Oct 12, '25 | Did Ethena Really Depeg? I’ve seen a lot of chatter about the Ethena depeg during the market mayhem this weekend. The story is that USDe briefly depegged to ~68c before recovering. | 30.8× | 831k | 1.4k | 284 | 754 |
| 10 | Sep 9, '25 | Starting to feel like the USDH RFP was a bit of a farce. Hearing from multiple bidders that none of the validators are interested in considering anyone besides Native Markets. It's | 22.2× | 598k | 817 | 59 | 205 |
| 11 | Nov 10, '25 | Here's what I would do if I was a young person trying to break into VC: Write. Short writeups, on Twitter. Not generic market philosophical thinkpieces, because those will be assum | 21.3× | 574k | 1.7k | 131 | 2k |
| 12 | Nov 14, '25 | TBH this is the easiest bear market I've ever seen. Seems like most of you have forgotten what 2022 was like. Luna collapsing, then 3AC, then FTX, then Genesis, BlockFi, Axie, NFTs | 20.6× | 555k | 2.4k | 209 | 368 |
| 13 | Jan 1, '25 | My 2025 Crypto Predictions I'm either going to look like a prophet or an idiot over these predictions, but one thing is for sure: I'm going to piss off a lot of people with bags. B | 20.2× | 544k | 2.4k | 422 | 2.6k |
| 14 | Oct 23, '25 | So many people on here obsess about wealth, but it's worth remembering that billionaires live mostly the same way you do. Technology has collapsed the experiential divide. Rich peo | 17.7× | 476k | 1.6k | 91 | 353 |
| 15 | Nov 11, '25 | Late to this, but as a VC, here’s my perspective on airdrop farming: Farmers are obviously not useful to projects. @Cobie is right that as a VC, I ignore farming activity. I’m extr | 16.3× | 439k | 1.3k | 96 | 641 |
| 16 | Jun 8, '24 | Finally listened to @balajis's ~8 hour @lexfridman podcast from a year ago. Fascinating throughout, but this stuck with me—Balaji's #1 piece of advice to a younger version of himse | 16.2× | 437k | 1k | 85 | 572 |
| 17 | Dec 28, '24 | I don’t know who needs to hear this, but @KyleSamani is the single best investor in crypto. Full stop. I say this as his competitor—Dragonfly and Multicoin go head-to-head all the | 16.1× | 435k | 1.7k | 61 | 331 |
| 18 | Jan 26, '25 | Disappointing data here. Seems like less than 1% of the users who came in through Moonshot to buy TRUMP/MELANIA are doing anything else on-chain. If this was the Olympics, the tour | 16× | 432k | 934 | 96 | 233 |
| 19 | Jul 31, '25 | The SEC's new "Project Crypto" is the most bullish thing I've seen in a long time from a regulator. Read the speech, it's incredible: * Almost all tokens are not securities * Want | 15.7× | 424k | 3.3k | 558 | 637 |
| 20 | Jan 27, '25 | DeepSeek's new R1 reasoning model is dragging down the NASDAQ. It dropped 6 days ago but it seems Wall Street is only now digesting what it means. I'm no equity analyst, but a few | 15.4× | 416k | 1.8k | 239 | 983 |
| 21 | Dec 23, '24 | Yikes. Horrendously bad take. @tayvano_ is an OG. Every white hat in crypto respects the hell out of her and everything she does to keep this industry safe. And no, North Korea pro | 14.4× | 389k | 1.3k | 57 | 110 |
| 22 | Oct 17, '24 | I've increasingly come to believe crypto doesn't really have a first mover advantage. To wit: Uniswap was not the first AMM (Bancor) Coinbase/Binance were not the first exchanges ( | 13.7× | 370k | 1.4k | 142 | 425 |
| 23 | Apr 5, '25 | Best theory of why crypto market is holding up so well? | 13.7× | 369k | 721 | 16 | 199 |
| 24 | Mar 31, '25 | I've been a VC in crypto for almost 8 years, and I can't tell you how many times I've heard this crap. Fundraising for crypto VC in 2018/2019 was brutal—"no one is buying these tok | 13.6× | 366k | 706 | 22 | 123 |
| 25 | Sep 21, '25 | Perp DEXes, volume vs OI. Big spread here, most obvious regressor is pre-TGE vs post-TGE. To compare with CEXes: Binance is 92%, OKX 80%, Bybit 184% according to @coinglass_com. | 12.8× | 346k | 750 | 73 | 357 |
| 26 | Nov 6, '24 | Can we just take a second to shout out @0xPolygon for handling all the Polymarket load right now? 🫡 Volumes are going crazy and 0 downtime or issues as far as I've seen. | 12.3× | 332k | 1.6k | 114 | 33 |
| 27 | May 19, '24 | Why are all these low float / high FDV coins down bad? Is the market structure broken? Are VCs being too greedy? Is this a rigged game against retail? (11 min read) Pretty much eve | 11.4× | 307k | 1k | 264 | 904 |
| 28 | Jan 18, '22 | 1/ Blockchains are not networks—they're cities. 🏙️ This simple mental model will help you understand why the L1 wars are evolving the way they are. New blog post + short 🧵 | 11.4× | 0 | 4.3k | 1.1k | 2k |
| 29 | Nov 7, '25 | Wow. @NEARProtocol intents starting to put up some serious fee numbers. | 11.1× | 299k | 916 | 101 | 88 |
| 30 | Nov 6, '24 | What Polymarket got Right that the Experts Got Wrong As the dust settles on the election, there’s a story that the WSJ and NYT didn’t tell you. While the mainstream news was busy w | 11.1× | 299k | 2.5k | 474 | 1.3k |
| 31 | Jul 20, '25 | In 2018, @naval hired me to be a human ChatGPT for crypto white papers. That's how I got my start as a crypto investor. My job was to read ICO white papers and report back if they | 11× | 296k | 2.4k | 95 | 759 |
| 32 | Apr 16, '25 | Investor checking in. We don't want our money back. I don't want to pick on Mosi in particular—he's an important voice and I'm glad he's being vocal. But I want to push back on the | 10.6× | 287k | 901 | 81 | 203 |
| 33 | Nov 3, '25 | Fascinating how different chains responded differently to the $128M @Balancer hack. Berachain had validators halt the network (Balancer very tightly integrated into their ecosystem | 10.3× | 278k | 760 | 85 | 184 |
| 34 | Mar 28, '24 | Don’t trust, verify: An Overview of Decentralized AI Inference Say you want to run a large language model like Llama2-70B. A model this massive requires more than 140GB of memory, | 9.6× | 260k | 682 | 173 | 811 |
| 35 | Jul 29, '25 | Since our statement on Friday, we've received overwhelming support from across the crypto, tech, and venture communities. We want to sincerely thank you all for standing behind us. | 9.3× | 251k | 988 | 110 | 86 |
| 36 | Nov 2, '24 | I'm getting annoyed by all this stupid Polymarket FUD from the media. The front page story of the WSJ right now is a story unmasking the "Polymarket whale." Obviously, the story is | 9.0× | 242k | 955 | 133 | 291 |
| 37 | May 12, '22 | 4 Lessons on losing lots of money (from someone who has done so many times) 👇 | 8.9× | 0 | 4.4k | 993 | 1.4k |
| 38 | Aug 25, '25 | Watching @balajis operate as CTO at Coinbase taught me something profound about corporate power. Most executives are climbers who optimize for influence and empire-building. They h | 8.7× | 234k | 1.5k | 81 | 682 |
| 39 | Mar 17, '25 | After meeting with several EF people at ETH SF, I'm more optimistic about Ethereum. There's a real urgency and an understanding that things need to change. It's not 2020 anymore, a | 8.4× | 226k | 1.5k | 166 | 132 |
| 40 | Sep 15, '25 | Yes, Airdrops are Dumb. But they don’t have to be. This reaction to this post really got me thinking. Here's a question: Why do IPOs always pop? Simple—it's by design. Every compan | 7.7× | 209k | 812 | 83 | 494 |
| 41 | Jan 24, '25 | Wow. THORChain is insolvent and has now paused the chain, akin to a bankruptcy freeze, to avoid a rush to the exit. Is this the first on-chain restructuring? | 7.6× | 205k | 821 | 81 | 145 |
| 42 | Jan 23, '25 | After meeting hundreds of ultra-successful people, here is what I've seen as the most common path to building a wildly successful career: > Be smart (but not too smart) > Constantl | 7.3× | 198k | 1.9k | 180 | 1.1k |
| 43 | Oct 31, '25 | One of the underappreciated secrets to winning in any new sector is: just stick around. If you just stick around long enough, the losers blow up early. Then the winners retire earl | 7.3× | 196k | 1.7k | 147 | 513 |
| 44 | Sep 17, '25 | On being bald: I started shaving my head in my early 20s. I was way too young to be balding that early, and it terrified me. So I decided, fuck it, just go all the way to the finis | 6.7× | 181k | 955 | 12 | 150 |
| 45 | May 22, '23 | Wow, @zksync hit the highest transaction throughput of any L2 today (though 30day is still behind Arbitrum) | 6.4× | 173k | 563 | 115 | 18 |
| 46 | Jun 10, '25 | To the class of '24/'25: There's a famous line from @pmarca when he moved to Silicon Valley in 1994. The Internet boom was already under way. He came from a small town in Iowa, and | 6.3× | 169k | 1.9k | 230 | 376 |
| 47 | Jun 3, '25 | This is one of the coolest crypto stories I've seen in a while. @khalo_0x was trying to bridge his funds from an Ethereum to Base. But he was using an old version of Safe that wasn | 6.1× | 165k | 1.4k | 154 | 169 |
| 48 | Dec 8, '24 | OK guys, getting mad at the Bankless dudes is stupid. It's like getting mad at CNBC hosts. They run a media business—they make their money by being broadly accessible and making st | 5.9× | 160k | 968 | 35 | 69 |
| 49 | Mar 26, '25 | Things crypto used to care about, but seemingly no longer does: * Whitepapers * Over-reliance on Etherscan / block explorers / RPCs * On-chain voter turnout * Decentralized fronten | 5.7× | 154k | 1.4k | 104 | 281 |
| 50 | Jul 1, '25 | One thing many people missed from the @RobinhoodApp crypto showcase was their mobile-first perps UX. Redesigned the flow into ~6 clicks. Much cleaner than any other perps trading i | 5.7× | 154k | 833 | 40 | 330 |
| 51 | Jan 31, '25 | Here were the most common answers I saw for people's favorite crypto newsletters: @Decentralisedco Decentralised @MilkRoadDaily Milk Road @Shoalresearch Shoal Research @0xResearch | 5.7× | 154k | 732 | 118 | 1.2k |
| 52 | Feb 2, '25 | Funny how people keep clowning on @deepseek_ai for refusing to answer questions about Tiananmen Square—the single most radioactive topic in Chinese culture... ... Meanwhile @Google | 5.7× | 153k | 1.7k | 161 | 103 |
| 53 | Jul 29, '24 | The word "community" is thrown around a lot in crypto. Too many founders misunderstand what it means. Hype is not community. You can build a big brand and still not have a communit | 5.5× | 149k | 939 | 154 | 186 |
| 54 | Oct 20, '25 | Confession: I still have no idea what "Chief Strategy Officers" do | 5.5× | 148k | 724 | 16 | 41 |
| 55 | May 15, '25 | Career advice that nobody gives: be extremely reliable. I’m not a touchy-feely person. I’m not great at making friends. But people like working with me because I do what I say, whe | 5.4× | 145k | 1.8k | 173 | 597 |
| 56 | Feb 10, '25 | Guys, new tokenomics suggestions: No more allowing unvested tokens to be staked. I don’t know which project originally came up with this, but it’s a stupid idea that erodes trust i | 5.4× | 145k | 1.1k | 85 | 516 |
| 57 | Dec 23, '24 | Guys, this seems to be lost on many of you, but let me explain it simply: white hats are literally heroes. White hats are hackers who are on the side of good. When something in cry | 5.2× | 141k | 869 | 99 | 75 |
| 58 | Mar 4, '25 | Trump just keeps delivering—no cap gains on crypto in 2025! | 5.1× | 138k | 933 | 40 | 31 |
| 59 | Jan 12, '22 | Join @naval and I for a discussion on the Smart Contract L1 Wars, featuring @toly, @el33th4xor, and @ilblackdragon, the founders of SOL, AVAX, and NEAR respectively. Mark your cale | 5.0× | 0 | 3.1k | 481 | 342 |
| 60 | Apr 29, '25 | ETH pivot now has a tagline. - Scale L1 - Scale blobs - Improve UX If they can pull this off and buy back some credibility, this may be the beginning of the ETH revival. Let's see. | 4.8× | 129k | 865 | 57 | 86 |
| 61 | Apr 7, '25 | This is insanity. Does Trump know how Pearl Harbor started? It was triggered by a US trade embargo which threatened to cripple the Japanese economy. This kind of retaliatory spiral | 4.7× | 126k | 804 | 44 | 131 |
| 62 | Mar 18, '25 | People loved seeing my old pass memos, so here are two more epic passes from the archive: 1. Arbitrum seed round (118x miss) 💀 I nearly invested but got tripped but by some dumb p | 4.4× | 119k | 702 | 33 | 392 |
| 63 | Feb 20, '25 | I’m kind of over decks for startup pitches. Notion writeups > decks. Writeups force clarity, they select for better investors, and honestly they have become a signal of higher q | 4.0× | 108k | 984 | 39 | 369 |
| 64 | Jun 29, '25 | Every time I use Cursor or Claude Code, I am reminded: SBF was a terrible exchange founder, but he might have been the GOAT investor. Solana, Sui, Cursor, Robinhood, Anthropic—if h | 3.9× | 106k | 871 | 33 | 136 |
| 65 | Sep 14, '25 | Apparently, if you exclude the non-Solana revenue, all the remaining revenue is generated on Solana 💫 | 3.9× | 104k | 820 | 30 | 47 |
| 66 | Jan 3, '25 | If you want to learn faster, think in public. | 3.8× | 102k | 762 | 46 | 65 |
| 67 | Jan 19, '25 | There are moments in crypto where you can feel: the vibe just shifted. Think the EOS ICO, the COMP token launch, the Libra announcement, Terra depeg, FTX collapse, Silvergate wind- | 3.4× | 92k | 1.1k | 75 | 131 |
| 68 | Dec 12, '24 | A lesson to the class of '24: Everyone thinks they're going to make it in crypto in a single cycle. It's actually impossible. You will get greedy, lose it back, question your life, | 3.3× | 89k | 1k | 91 | 113 |
| 69 | Jan 26, '25 | 2025: the US GAO launches an AVAX chain to report public expenditures, all accountable on-chain with stables. Wallets of government agencies and contractors are published and analy | 3.3× | 88k | 759 | 146 | 38 |
| 70 | Mar 19, '25 | Most AI agents right now are bullshit—today they're glorified chatbots shilling memecoins. But real agentic AI is coming, and it’ll redefine everything: how we build, invest, and e | 3.2× | 86k | 681 | 157 | 558 |
| 71 | Jan 21, '22 | L2s are the future of Ethereum, but each L2 has a different vision of that future. Join @naval and I next week for a discussion with the four leaders in rollups: @sgoldfed, @gluk64 | 3.1× | 0 | 1.8k | 323 | 285 |
| 72 | Jan 15, '22 | ICYMI, @naval and I sat down to chat with @toly, @el33th4xor, and @ilblackdragon, the founders of Solana, Avalanche, and NEAR and deconstruct the L1 wars: * different paths to scal | 3.0× | 0 | 1.1k | 269 | 680 |
| 73 | Apr 22, '25 | Every poker player learns this early: "Game selection is everything." Meaning: only play games you can win. That means knowing—really knowing—how good you actually are. There's onl | 2.9× | 77k | 711 | 36 | 180 |
| 74 | Sep 12, '24 | @W_Y_X @OpenAI Writing for a non security audience :) but I'm going to count it. Going outside of the framework of the CTF itself to trick the server into dumping the flag is prett | 2.9× | 77k | 685 | 8 | 15 |
| 75 | Nov 11, '22 | 1/ Pouring one out for all those who were impacted by the FTX collapse. If you lost more money than you can afford, I'm so sorry. I promise it will get better. I'm exhausted. Have | 2.8× | 0 | 1.6k | 333 | 243 |
| 76 | Sep 15, '19 | Your school, your grades, and the companies you've worked for are all just credentials. I keep meeting young people who spend their lives accruing them like brownie points. Credent | 2.7× | 0 | 1.8k | 364 | 120 |
| 77 | Jun 18, '25 | We're getting none other than @chameleon_jeff, founder of Hyperliquid, onto the Chopping Block as our next guest. What should we ask him? | 2.6× | 70k | 944 | 21 | 72 |
| 78 | Jan 9, '19 | Ethereum Classic ($ETC) was 51% attacked yesterday. This is the largest cryptocurrency that has ever been 51% attacked, and it has really interesting implications for the future of | 2.5× | 0 | 1.2k | 413 | 135 |
| 79 | Oct 6, '25 | I love getting cancelled on. I'm pretty sure every busy person feels this way. Seriously. Cancelling a meeting with me is an act of love. There's no joy that compares to having an | 2.2× | 59k | 826 | 20 | 28 |
| 80 | Jun 17, '21 | A snapshot of DeFi hacks since 2020. Notice the transition from yellow to blue (Ethereum => BSC). Credit @FrankResearcher | 1.8× | 0 | 916 | 240 | 165 |
| 81 | Dec 20, '21 | Sometimes it helps to get a sense of scale. | 1.8× | 0 | 1.4k | 168 | 63 |
| 82 | May 12, '22 | 1. Human beings are resilient. We habituate surprisingly fast. When you lose it all, the first night feels hopeless. The next day feels gloomy. The next week feels manageable. The | 1.8× | 0 | 1.7k | 95 | 41 |
| 83 | Sep 29, '21 | Every two years like clockwork there's a new acronym in crypto: 2017: ICOs 2019: DeFi 2021: NFTs 2023: ??? | 1.7× | 0 | 811 | 93 | 50 |
| 84 | Mar 24, '21 | 🦄 Uniswap v3 just dropped. It contains some huge ideas—I remember hearing about them from Hayden back in early 2020. Now they’re finally public! These are my first reactions for t | 1.7× | 0 | 828 | 165 | 256 |
| 85 | Jun 19, '22 | Prices are getting reset, but remember, crypto is technology. That means it only ever improves. What will smart contracts, DeFi, stablecoins, NFTs, and crypto gaming look like in 5 | 1.7× | 0 | 1.1k | 220 | 33 |
| 86 | May 12, '22 | 4. You build real wealth by doing something you love. Because if you don't love it, you'll give up too early. Crypto has almost died too many times to count (). I know many people | 1.7× | 0 | 1.3k | 104 | 91 |
| 87 | Jul 15, '25 | how to succeed on CT, by 2017 @cobie | 1.6× | 44k | 831 | 18 | 77 |
| 88 | Dec 9, '21 | Poker is the original play-to-earn. | 1.6× | 0 | 1.4k | 113 | 23 |
| 89 | May 12, '22 | 2. There are no free lunches. Any time you think you found a way to make easy money, you're probably missing something. Edges are continually earned through hard work, and the univ | 1.5× | 0 | 1.3k | 75 | 35 |
| 90 | May 12, '22 | 3. Everything compounds. When you lose your money, you are left with your skills and your knowledge, and those only grow. So much of my knowledge and experience comes from my past | 1.4× | 0 | 1.2k | 71 | 26 |
| 91 | Dec 16, '21 | There's only one cheatcode I've ever learned in building a career: start a blog. When I tell young people this, they ask: but what should I write about? Simple: whatever you wish o | 1.4× | 0 | 889 | 77 | 187 |
| 92 | Aug 6, '22 | I gave $ADA a lot of shit & they gave it right back, but after asking some questions I'm impressed at the seriousness of many ppl in the community. There's real passion there. | 1.2× | 0 | 885 | 55 | 11 |
| 93 | Sep 29, '22 | 1/ I’m excited to announce that @dragonflyvc has made a strategic investment into @AptosLabs! Aptos is building a next generation L1 blockchain with a unique take on scalability, s | 1.2× | 0 | 663 | 106 | 90 |
| 94 | Jan 9, '22 | I didn't understand when I was young: almost all the returns in life come from specialization. School teaches you you're supposed to be good at every subject. But it pays exponenti | 1.2× | 0 | 838 | 73 | 81 |
| 95 | Nov 11, '22 | 10/ Because DeFi renders these kinds of frauds impossible. Uniswap, MakerDAO, and Compound all worked and processed every trade and withdrawal. It is impossible for them to defraud | 1.1× | 0 | 723 | 146 | 30 |
| 96 | Dec 14, '22 | Crypto is ultimately a get rich slow industry. All the people who succeed discover the technology, buy it, use it, and stay quiet. The trap is that crypto's most charismatic spokes | 1.1× | 0 | 786 | 79 | 60 |
| 97 | Jan 24, '21 | Stop waiting for a mentor. I clung to this fantasy for a long time. But no one is going to show up and save you from your insecurities. I always assumed that unless someone took me | 1.0× | 0 | 681 | 79 | 93 |
| 98 | Apr 27, '22 | Gm anons! We're launching Dragonfly Fund III, a $650M crypto venture fund—our largest fund ever. With this new fund, we'll be be backing founders all across their lifecycle in cryp | 1.0× | 0 | 681 | 55 | 68 |
| 99 | Jun 18, '22 | Crashes are painful. But in 2018 I was worried that everything in crypto might be worthless, a flash in the pan. This time I'm not worried. It sucks to be down, but crypto is unequ | 0.9× | 0 | 756 | 69 | 20 |
| 100 | Sep 12, '21 | So much of a crypto VC's job is to allow young people to change your mind. | 0.8× | 0 | 697 | 36 | 31 |
@karpathy
@levelsio
@paulg
@naval
@marclou
@illyism