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Dora Noda

Dora Noda

Software Engineer

2342 posts · View all authors

Ethereum's BPO2 at 100 Days: 40% More Blob Space, 25% Used, and a Tokenomics Reckoning
·Dora Noda·11 min

Ethereum's BPO2 at 100 Days: 40% More Blob Space, 25% Used, and a Tokenomics Reckoning

Ethereum's BPO2 hard fork delivered a 40% blob capacity boost in January 2026, but L2s are using only 25% of the new ceiling — collapsing fees, ETH burn, and the ultrasound money narrative in one shot.

Ethereum
layer-2
scalability
infrastructure
+1
The Stablecoin Orchestration Layer Race: Conduit, Circle, and the $200B Cross-Chain Question
·Dora Noda·11 min

The Stablecoin Orchestration Layer Race: Conduit, Circle, and the $200B Cross-Chain Question

Circle's April 2026 USDC Bridge launch reframes a question Conduit's $36M Series A was already trying to answer: who owns the routing decision when stablecoins move between chains, and what is that worth?

stablecoins
cross-chain
payment-infrastructure
infrastructure
+1
MiCA's July 2026 Cliff: The EU Stablecoin Delisting Map for a Post-Grandfathering Market
·Dora Noda·11 min

MiCA's July 2026 Cliff: The EU Stablecoin Delisting Map for a Post-Grandfathering Market

On July 1, 2026, MiCA's transitional period ends and roughly $184 billion in Tether liquidity becomes ineligible on EU-regulated venues. Here is the issuer scorecard, the delisting map, and the structural shifts reshaping European stablecoin flows.

stablecoins
regulation
compliance
Tether
+1
Fireblocks Hits $2 Trillion: How One Stack Became the Snowflake of Stablecoin Issuance
·Dora Noda·9 min

Fireblocks Hits $2 Trillion: How One Stack Became the Snowflake of Stablecoin Issuance

Fireblocks just crossed $2T in annual transaction volume, with stablecoins driving 55% of flow. Why Qivalis, MPC-CMP key management, and an integrated stack make Fireblocks the default backend for bank-grade stablecoin issuance — and a $15-25B IPO candidate by 2027.

stablecoins
custody
infrastructure
institutional-investment
+1
Gensyn Judge: The Missing Quality-Verification Layer for Decentralized AI
·Dora Noda·13 min

Gensyn Judge: The Missing Quality-Verification Layer for Decentralized AI

Gensyn's Judge ships the first verifiable model-evaluation primitive for decentralized AI, separating proof that training happened from proof that it produced a good model — the rung enterprise procurement has been waiting for.

AI
DePAI
infrastructure
zkML
+1
GSR's BESO ETF: How a Crypto Market Maker Just Outflanked BlackRock on Active Staking
·Dora Noda·9 min

GSR's BESO ETF: How a Crypto Market Maker Just Outflanked BlackRock on Active Staking

GSR's April 22 launch of BESO — the first U.S.-listed multi-asset crypto ETF authorized to stake — turns a 13-year-old market maker into BlackRock's newest competitor on active management.

ETF
staking
Bitcoin
Ethereum
+3
Hong Kong Web3 Festival 2026 Recap: $2B Tokenized Bonds, a 5.6% Stablecoin Approval Rate, and Asia's New Institutional Crypto Capital
·Dora Noda·12 min

Hong Kong Web3 Festival 2026 Recap: $2B Tokenized Bonds, a 5.6% Stablecoin Approval Rate, and Asia's New Institutional Crypto Capital

Hong Kong Web3 Festival 2026 drew 50,000-plus attendees, BlackRock and HSBC executives, and a Financial Secretary keynote disclosing US$2 billion in tokenized bonds — the four-day event that just made HKCEC Asia's institutional crypto capital.

Web3
stablecoins
tokenization
RWA
+1
Hyperliquid HIP-3 Eats Wall Street: How $2.3B in Builder-Deployed Perps Made Weekend Oil Trading a DEX Monopoly
·Dora Noda·10 min

Hyperliquid HIP-3 Eats Wall Street: How $2.3B in Builder-Deployed Perps Made Weekend Oil Trading a DEX Monopoly

Hyperliquid's permissionless HIP-3 perpetual market framework hit $2.3B in open interest in April 2026, with oil, gold, and tokenized equities now driving more weekend volume than CME can serve.

Hyperliquid
DEX
DeFi
RWA
+1
BILS Goes Live: How Israel's Shekel Stablecoin on Solana Rewrites the Non-USD Playbook
·Dora Noda·10 min

BILS Goes Live: How Israel's Shekel Stablecoin on Solana Rewrites the Non-USD Playbook

Israel's Capital Market Authority approved BILS, a shekel-pegged stablecoin issued by Bits of Gold on Solana — the first government-approved fiat stablecoin in the Middle East and a working template for non-USD tokenized money.

stablecoins
Solana
regulation
payments
+1
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