Front Run The Week 4/28/25

RWAfi is on 🔥... plus a token that meets my metrics

Photo by Jakob Owens on Unsplash

Do a jog with the quiet numbers.

Stablecoins are closing in on a $240 billion market cap. That’s right—while Total Value Locked (TVL) across DeFi still sits under $100B, stablecoin dominance is doing something we’ve never seen before: beating TVL by more than 2x.

That kind of imbalance in crypto usually means one of two things:

1. Money’s parking on the sidelines, waiting to deploy.

2. Smart money already deployed and is letting others catch up.

Either way, this is not bearish. It’s not exactly Alt Season, but it’s something better: a chance to front run what’s about to unfreeze.

We're in a new phase where cash is flooding in before narratives catch up. That gap between stablecoin market cap and on-chain activity has always been one of my early signals—not for degens to ape, but for sharp entries into projects with actual pipes, purpose, and protocol-level integrations.