@Meanwhile_cash $Cashback is the most quietly brilliant idea in crypto right now. Here's why 🧵 Solana:J7nejjwUAxiSbX3DpvTkURscfFSrK33saNoU2ovHpump cash 1> Every time you ask ChatGPT or Claude something, there's a "Thinking..." moment, You stare at the screen. You wait. https://t.co/Es8TJJzMMV turned that dead moment into money. 2/ The crypto angle Payments run on Solana. Payouts in USDC stable, no volatility, real value. Cash out threshold is just $0.10. This isn't "earn some random token" energy. This is onchain settlement for every single verified impression. Clean, transparent, instant. 3> Users keep 70% of ad revenue. See ad → impression verified on-chain → USDC hits your wallet. No 30-day payment holds. No PayPal disputes. No bank transfer fees. Crypto doing exactly what it was supposed to do: cut out the middleman. 4> The attention angle This is a new ad format nobody had before AI tools existed: A sponsored message shown while the AI is generating , when the user has nothing else to do but wait. No popup, No banner, No autoplay, Just one subtle line at the perfect moment. 5> FINAL Here's the real insight: AI tools created a brand new form of "dead time" loading states that didn't exist before 2022. @Meanwhile_cash spotted that gap before anyone else and built a marketplace around it. "First mover in a category that will only grow as AI usage explodes." @Flowslikeosmo @onlyzhynx & many other peeps holding this.

Name & Symbol: Meanwhile ($CASHBACK)
Address: J7nejjwUAxiSbX3DpvTkURscfFSrK33saNoU2ovHpump

.@Grayscale put together a great list yesterday, but the revenue multiple tells you how cheap the protocol looks relative to revenue. It doesn't tell you how much of that revenue actually reaches the token. There are three different pictures inside those 15 names. Continuous, revenue-linked - tracked live: - $HYPE: 100%. 18.3x. - $AERO: 100%. 7.9x. - $UNI: 99.7%. 30x. - $LIT: 96.6%. 11.8x. - $LDO: 90.3%. 8.3x. - $RAY: 80.5%. 19.1x. - $CAKE: 65.1%. 10.2x. - $JUP: 50%. 12.5x. - $PUMP: 45.8% to buyback-and-burn. 1.4x. Active buyback programs - treasury-funded, not continuously tracked: - $ETHFI: withdrawal revenue buybacks paused. 9.7x. - $MET: discretionary treasury buybacks active. 3.6x. Non-continuous distribution: - $AAVE: 13.7%. 20x. - $SKY: 8.8%. 8.1x. - $WLFI: no tracked mechanism. 13.7x. - $CARDS: 0%. 0.4x. I think revenue is already becoming a larger part of the valuation conversation. Distribution mechanics is where it will ultimately lead to.

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

.@Grayscale put together a great list yesterday, but the revenue multiple tells you how cheap the protocol looks relative to revenue. It doesn't tell you how much of that revenue actually reaches the token. There are three different pictures inside those 15 names. Continuous, revenue-linked - tracked live: - $HYPE: 100%. 18.3x. - $AERO: 100%. 7.9x. - $UNI: 99.7%. 30x. - $LIT: 96.6%. 11.8x. - $LDO: 90.3%. 8.3x. - $RAY: 80.5%. 19.1x. - $CAKE: 65.1%. 10.2x. - $JUP: 50%. 12.5x. - $PUMP: 45.8% to buyback-and-burn. 1.4x. Active buyback programs - treasury-funded, not continuously tracked: - $ETHFI: withdrawal revenue buybacks paused. 9.7x. - $MET: discretionary treasury buybacks active. 3.6x. Non-continuous distribution: - $AAVE: 13.7%. 20x. - $SKY: 8.8%. 8.1x. - $WLFI: no tracked mechanism. 13.7x. - $CARDS: 0%. 0.4x. I think revenue is already becoming a larger part of the valuation conversation. Distribution mechanics is where it will ultimately lead to.

Name & Symbol: Meteora ($MET)
Address: METvsvVRapdj9cFLzq4Tr43xK4tAjQfwX76z3n6mWQL

.@Grayscale put together a great list yesterday, but the revenue multiple tells you how cheap the protocol looks relative to revenue. It doesn't tell you how much of that revenue actually reaches the token. There are three different pictures inside those 15 names. Continuous, revenue-linked - tracked live: - $HYPE: 100%. 18.3x. - $AERO: 100%. 7.9x. - $UNI: 99.7%. 30x. - $LIT: 96.6%. 11.8x. - $LDO: 90.3%. 8.3x. - $RAY: 80.5%. 19.1x. - $CAKE: 65.1%. 10.2x. - $JUP: 50%. 12.5x. - $PUMP: 45.8% to buyback-and-burn. 1.4x. Active buyback programs - treasury-funded, not continuously tracked: - $ETHFI: withdrawal revenue buybacks paused. 9.7x. - $MET: discretionary treasury buybacks active. 3.6x. Non-continuous distribution: - $AAVE: 13.7%. 20x. - $SKY: 8.8%. 8.1x. - $WLFI: no tracked mechanism. 13.7x. - $CARDS: 0%. 0.4x. I think revenue is already becoming a larger part of the valuation conversation. Distribution mechanics is where it will ultimately lead to.

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

The trenches are far from dead. They're simply getting abstracted into better products. That's why this fomo round matters. At a time when revenue and efficiency are back in focus, fomo is doing what most consumer crypto apps never did: turning social speculation into actual trading volume. > $4B in volume > 17 employees > $550M valuation These stats put it on par with apps like Hyperliquid, Pump, and Polymarket. I'm a big believer that Crypto consumer apps will be the future of revenue generation; can't wait to see how they operate in a bull market.

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

The market is down 22% this year. Fear index is at 22 (Close to historical lows) Here's how to profit on a down market: 1. Park in yield-bearing stables. You don't need price to go up to make money. Right now: - @Morpho 25% APY (USDC, Ethereum) - @EmberProtocol 12% APY (USDC, Ethereum) - @avantisfi 10% APY (USDC, Base) - @harmonixfi 9.7% APY (USDC, Hyperliquid) - @0xfluid 8.2% APY (USDC, Ethereum) 2. DCA into coins that are paying you to hold, it's a small list of 186 tokens. Some worth holding: - $HYPE $11.61m paid last week - $LINK $1.13m paid last week - $AERO $1.1m paid last week - $JUP $580K paid last week BTC transaction frequency just hit its highest level since 2024 while price sits near lows. The market is ripe with opportunity is now while everyone is panicking.

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

TradFi’s best companies use free cash flow to buy back their own stock. $AERO is doing the same thing, just onchain. $12M in buybacks YTD, funded by protocol fees. On top of that, veAero holders are earning ~13.1% yield. That puts the math at: 5.5% annualized buyback yield 13.1% cash yield 18.6% total return to holders ggs. well played.

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

Everyone trading $AERO should probably consider $VELO if they aren't already. It's been quietly moving over the past month. @VelodromeFi trades at $25M with $33M in TVL, generating $472M in 30-day trading volume. And just like Aero, Velodrome distributes 100% of its earnings to holders. If you wanted to run the numbers, at the current run rate, that is 14.95% annualized yield on a $25M coin. Meanwhile, fees have grown +83% over the past month. The real reason it's moving (albeit silently) is the upcoming merger of the Aerodrome and Velodrome into a unified "Aero Protocol". This will serve as a single liquidity hub expanding to Ethereum and Circle's Arc. - $VELO holders receive 5.5% of the unified token - $AERO holders receive 94.5% At parity, VELO should always be worth 5.82% of AERO's market cap. AERO today: $485M Implied VELO at parity: $28.2M Actual VELO: $25M $VELO is trading at a 13.4% discount to conversion parity. The scenarios, anchored to AERO's price: AERO at $485M → VELO implies $28M (+13%) AERO at $750M → VELO implies $44M (+75%) AERO at $1B → VELO implies $58M (+134%) Every $100M $AERO gains in market cap, VELO gains $5.82M at parity. This is an asymmetric bet. And while you wait, you get 100% fee distribution currently at a 15.2% annualized yield.

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

Everyone trading $AERO should probably consider $VELO if they aren't already. It's been quietly moving over the past month. @VelodromeFi trades at $25M with $33M in TVL, generating $472M in 30-day trading volume. And just like Aero, Velodrome distributes 100% of its earnings to holders. If you wanted to run the numbers, at the current run rate, that is 14.95% annualized yield on a $25M coin. Meanwhile, fees have grown +83% over the past month. The real reason it's moving (albeit silently) is the upcoming merger of the Aerodrome and Velodrome into a unified "Aero Protocol". This will serve as a single liquidity hub expanding to Ethereum and Circle's Arc. - $VELO holders receive 5.5% of the unified token - $AERO holders receive 94.5% At parity, VELO should always be worth 5.82% of AERO's market cap. AERO today: $485M Implied VELO at parity: $28.2M Actual VELO: $25M $VELO is trading at a 13.4% discount to conversion parity. The scenarios, anchored to AERO's price: AERO at $485M → VELO implies $28M (+13%) AERO at $750M → VELO implies $44M (+75%) AERO at $1B → VELO implies $58M (+134%) Every $100M $AERO gains in market cap, VELO gains $5.82M at parity. This is an asymmetric bet. And while you wait, you get 100% fee distribution currently at a 15.2% annualized yield.

Name & Symbol: Velo Protocol ($VELO)
Address: 0xf486ad071f3bee968384d2e39e2d8af0fcf6fd46

Everyone trading $AERO should probably consider $VELO if they aren't already. It's been quietly moving over the past month. @VelodromeFi trades at $25M with $33M in TVL, generating $472M in 30-day trading volume. And just like Aero, Velodrome distributes 100% of its earnings to holders. If you wanted to run the numbers, at the current run rate, that is 14.95% annualized yield on a $25M coin. Meanwhile, fees have grown +83% over the past month. The real reason it's moving (albeit silently) is the upcoming merger of the Aerodrome and Velodrome into a unified "Aero Protocol". This will serve as a single liquidity hub expanding to Ethereum and Circle's Arc. - $VELO holders receive 5.5% of the unified token - $AERO holders receive 94.5% At parity, VELO should always be worth 5.82% of AERO's market cap. AERO today: $485M Implied VELO at parity: $28.2M Actual VELO: $25M $VELO is trading at a 13.4% discount to conversion parity. The scenarios, anchored to AERO's price: AERO at $485M → VELO implies $28M (+13%) AERO at $750M → VELO implies $44M (+75%) AERO at $1B → VELO implies $58M (+134%) Every $100M $AERO gains in market cap, VELO gains $5.82M at parity. This is an asymmetric bet. And while you wait, you get 100% fee distribution currently at a 15.2% annualized yield.

Name & Symbol: Velo Protocol ($VELO)
Address: 0xf486ad071f3bee968384d2e39e2d8af0fcf6fd46

Everyone trading $AERO should probably consider $VELO if they aren't already. It's been quietly moving over the past month. @VelodromeFi trades at $25M with $33M in TVL, generating $472M in 30-day trading volume. And just like Aero, Velodrome distributes 100% of its earnings to holders. If you wanted to run the numbers, at the current run rate, that is 14.95% annualized yield on a $25M coin. Meanwhile, fees have grown +83% over the past month. The real reason it's moving (albeit silently) is the upcoming merger of the Aerodrome and Velodrome into a unified "Aero Protocol". This will serve as a single liquidity hub expanding to Ethereum and Circle's Arc. - $VELO holders receive 5.5% of the unified token - $AERO holders receive 94.5% At parity, VELO should always be worth 5.82% of AERO's market cap. AERO today: $485M Implied VELO at parity: $28.2M Actual VELO: $25M $VELO is trading at a 13.4% discount to conversion parity. The scenarios, anchored to AERO's price: AERO at $485M → VELO implies $28M (+13%) AERO at $750M → VELO implies $44M (+75%) AERO at $1B → VELO implies $58M (+134%) Every $100M $AERO gains in market cap, VELO gains $5.82M at parity. This is an asymmetric bet. And while you wait, you get 100% fee distribution currently at a 15.2% annualized yield.

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

There were 26 protocols that generated over $10M in fees this past month. Here's the full list: - Tether: $490M - Circle: $194M - Hyperliquid: $80M - Pump: $63M - Uniswap: $51M - Aave: $41M - Lido: $36M - Polymarket: $32M - Sky: $31M - Fragment: $23M - Morpho: $19M - Jupiter: $17M - Paxos: $17M - Ethena: $16M - Grayscale: $16M - Binance Staked ETH: $15M - Axiom Pro: $15M - Collector Crypt: $14M - Spark: $14M - Meteora: $14M - World Liberty Financial: $12M - EtherFi: $11M - Flashbots: $11M - PancakeSwap: $10M - EdgeX: $10M - Aerodrome $10M Only 2% of all fee-generating protocols made the cut. Annualized, that's $15.2B. For context, the Las Vegas Strip generated $8.8B in 2025. We're still early.

Name & Symbol: edgeX ($EDGE)
Address: 0x70f2eadf1ca1969ff42b0c78e9da519e8937cbaf

There were 26 protocols that generated over $10M in fees this past month. Here's the full list: - Tether: $490M - Circle: $194M - Hyperliquid: $80M - Pump: $63M - Uniswap: $51M - Aave: $41M - Lido: $36M - Polymarket: $32M - Sky: $31M - Fragment: $23M - Morpho: $19M - Jupiter: $17M - Paxos: $17M - Ethena: $16M - Grayscale: $16M - Binance Staked ETH: $15M - Axiom Pro: $15M - Collector Crypt: $14M - Spark: $14M - Meteora: $14M - World Liberty Financial: $12M - EtherFi: $11M - Flashbots: $11M - PancakeSwap: $10M - EdgeX: $10M - Aerodrome $10M Only 2% of all fee-generating protocols made the cut. Annualized, that's $15.2B. For context, the Las Vegas Strip generated $8.8B in 2025. We're still early.

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

There were 26 protocols that generated over $10M in fees this past month. Here's the full list: - Tether: $490M - Circle: $194M - Hyperliquid: $80M - Pump: $63M - Uniswap: $51M - Aave: $41M - Lido: $36M - Polymarket: $32M - Sky: $31M - Fragment: $23M - Morpho: $19M - Jupiter: $17M - Paxos: $17M - Ethena: $16M - Grayscale: $16M - Binance Staked ETH: $15M - Axiom Pro: $15M - Collector Crypt: $14M - Spark: $14M - Meteora: $14M - World Liberty Financial: $12M - EtherFi: $11M - Flashbots: $11M - PancakeSwap: $10M - EdgeX: $10M - Aerodrome $10M Only 2% of all fee-generating protocols made the cut. Annualized, that's $15.2B. For context, the Las Vegas Strip generated $8.8B in 2025. We're still early.

Name & Symbol: Meteora ($MET)
Address: METvsvVRapdj9cFLzq4Tr43xK4tAjQfwX76z3n6mWQL

There were 26 protocols that generated over $10M in fees this past month. Here's the full list: - Tether: $490M - Circle: $194M - Hyperliquid: $80M - Pump: $63M - Uniswap: $51M - Aave: $41M - Lido: $36M - Polymarket: $32M - Sky: $31M - Fragment: $23M - Morpho: $19M - Jupiter: $17M - Paxos: $17M - Ethena: $16M - Grayscale: $16M - Binance Staked ETH: $15M - Axiom Pro: $15M - Collector Crypt: $14M - Spark: $14M - Meteora: $14M - World Liberty Financial: $12M - EtherFi: $11M - Flashbots: $11M - PancakeSwap: $10M - EdgeX: $10M - Aerodrome $10M Only 2% of all fee-generating protocols made the cut. Annualized, that's $15.2B. For context, the Las Vegas Strip generated $8.8B in 2025. We're still early.

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

Crypto + Macro Stuff I'm Looking At Today ... - $QQQ at $736 - Crypto still languishing - Altcoin Season Index at 47 though interestingly... would have guessed it was lower... - Iran situation still unclear... - Quiet week in macro, PCE inflation data comes out Thursday - Oil is currently at $73.59 but I still have not closed the short I opened around $100 as I think its going even lower... - Also re: oil... Doomberg just grave a couple fantastic interviews on YT talking about the extent to which China has radically increased their oil equivalent energy production, and that this was likely a key reason oil prices did not go higher during the height of the Hormuz stuff, and that this is likely to push oil to crash even lower once the Iran thing is (potentially) finally over, as well as the ongoing bearish catalyst which is that natural gas is so ridiculously cheap and this is a huge pull factor on oil prices - Net stablecoin movement onto/off-of exchanges deeply negative right now (link below) - Former Fed Chair Alan Greenspan has died - Bank run type of situation on Altura, am not aware of all the details but just seems like some complex vault strategy unwound and catalyzed a ton of withdrawals(?) - Ethereum currently at just over 53% of defi TVL - Backpack getting lots of attention as tokenized equities meta gets bigger and bigger, also xStockFi - $AERO still killing it and outperforming the market in both token price and usage/volumes (I don't own any of it but is cool to see) - $ETHFI getting lots of attention lately too (link below) - All eyes remain on Saylor, as per usual lately - Wall Street Journal releases new investigative piece on Polymarket - Top crypto entities by 7 day fee generation per DefiLlama are Tether, Circle, Saturn, Canton, Pump, Polymarket, Hyperliquid, Lido, Uniswap, and Sky - Lots of debate on the TL about Ethereum developer fees and the Ethereum Foundation - $XPL has been doing well on the back of the Plasma One launch - Interesting stat that the 2020’s are currently on track to be the worst decade in US history for long-duration bonds... suggests we have been in a period of hardcore austerity-LARPing vis a vis interest rates relative to the historical norm imho... Conclusion Keep putting in the reps lads! Gotta stay confident and maintain a mindset of abundance, even when the market is goblintowning :) “Men brave and generous live the best lives, seldom will they sorrow...” - The Poetic Edda ILY bros let's get it 💪💪💪

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

Crypto + Macro Stuff I'm Looking At Today ... - $QQQ at $736 - Crypto still languishing - Altcoin Season Index at 47 though interestingly... would have guessed it was lower... - Iran situation still unclear... - Quiet week in macro, PCE inflation data comes out Thursday - Oil is currently at $73.59 but I still have not closed the short I opened around $100 as I think its going even lower... - Also re: oil... Doomberg just grave a couple fantastic interviews on YT talking about the extent to which China has radically increased their oil equivalent energy production, and that this was likely a key reason oil prices did not go higher during the height of the Hormuz stuff, and that this is likely to push oil to crash even lower once the Iran thing is (potentially) finally over, as well as the ongoing bearish catalyst which is that natural gas is so ridiculously cheap and this is a huge pull factor on oil prices - Net stablecoin movement onto/off-of exchanges deeply negative right now (link below) - Former Fed Chair Alan Greenspan has died - Bank run type of situation on Altura, am not aware of all the details but just seems like some complex vault strategy unwound and catalyzed a ton of withdrawals(?) - Ethereum currently at just over 53% of defi TVL - Backpack getting lots of attention as tokenized equities meta gets bigger and bigger, also xStockFi - $AERO still killing it and outperforming the market in both token price and usage/volumes (I don't own any of it but is cool to see) - $ETHFI getting lots of attention lately too (link below) - All eyes remain on Saylor, as per usual lately - Wall Street Journal releases new investigative piece on Polymarket - Top crypto entities by 7 day fee generation per DefiLlama are Tether, Circle, Saturn, Canton, Pump, Polymarket, Hyperliquid, Lido, Uniswap, and Sky - Lots of debate on the TL about Ethereum developer fees and the Ethereum Foundation - $XPL has been doing well on the back of the Plasma One launch - Interesting stat that the 2020’s are currently on track to be the worst decade in US history for long-duration bonds... suggests we have been in a period of hardcore austerity-LARPing vis a vis interest rates relative to the historical norm imho... Conclusion Keep putting in the reps lads! Gotta stay confident and maintain a mindset of abundance, even when the market is goblintowning :) “Men brave and generous live the best lives, seldom will they sorrow...” - The Poetic Edda ILY bros let's get it 💪💪💪

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

Crypto + Macro Stuff I'm Looking At Today ... - $QQQ at $736 - Crypto still languishing - Altcoin Season Index at 47 though interestingly... would have guessed it was lower... - Iran situation still unclear... - Quiet week in macro, PCE inflation data comes out Thursday - Oil is currently at $73.59 but I still have not closed the short I opened around $100 as I think its going even lower... - Also re: oil... Doomberg just grave a couple fantastic interviews on YT talking about the extent to which China has radically increased their oil equivalent energy production, and that this was likely a key reason oil prices did not go higher during the height of the Hormuz stuff, and that this is likely to push oil to crash even lower once the Iran thing is (potentially) finally over, as well as the ongoing bearish catalyst which is that natural gas is so ridiculously cheap and this is a huge pull factor on oil prices - Net stablecoin movement onto/off-of exchanges deeply negative right now (link below) - Former Fed Chair Alan Greenspan has died - Bank run type of situation on Altura, am not aware of all the details but just seems like some complex vault strategy unwound and catalyzed a ton of withdrawals(?) - Ethereum currently at just over 53% of defi TVL - Backpack getting lots of attention as tokenized equities meta gets bigger and bigger, also xStockFi - $AERO still killing it and outperforming the market in both token price and usage/volumes (I don't own any of it but is cool to see) - $ETHFI getting lots of attention lately too (link below) - All eyes remain on Saylor, as per usual lately - Wall Street Journal releases new investigative piece on Polymarket - Top crypto entities by 7 day fee generation per DefiLlama are Tether, Circle, Saturn, Canton, Pump, Polymarket, Hyperliquid, Lido, Uniswap, and Sky - Lots of debate on the TL about Ethereum developer fees and the Ethereum Foundation - $XPL has been doing well on the back of the Plasma One launch - Interesting stat that the 2020’s are currently on track to be the worst decade in US history for long-duration bonds... suggests we have been in a period of hardcore austerity-LARPing vis a vis interest rates relative to the historical norm imho... Conclusion Keep putting in the reps lads! Gotta stay confident and maintain a mindset of abundance, even when the market is goblintowning :) “Men brave and generous live the best lives, seldom will they sorrow...” - The Poetic Edda ILY bros let's get it 💪💪💪

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Protocols & their buyback % ↓ @HyperliquidX | 99% of fees @Aster_DEX | 99% of daily platform fees @pendle_fi | 80% of V2 yield/swap fees @GEODNET | 80% of data revenue @JupiterExchange | 50% of platform revenue @PancakeSwap | varies by product, 15–23% of AMM V3 fees / 50% of Infinity revenue / 100% of Prediction revenue @maplefinance | 25% of protocol revenue @Raydium | 12% of trading fees @Uniswap | ~17% of fees on active fee-switch pools @THORSwap | 20% of revenue goes to THOR buyback and burn @ApeBond | 50% of DEX trading fees @MarinadeFinance | 50% of revenue @metaplex | 50% of revenue @Orca_so | 20% of protocol fees @QuickSwapDEX | 10–13.33% of collected fees @StaderLabs | 20% of quarterly revenue Also worth tracking, but no fixed % disclosed: @aave | fixed annual buyback budget @Chainlink | revenue-backed LINK reserve @sparkdotfi | protocol surplus used for buybacks

Name & Symbol: Aster ($ASTER)
Address: 0x000ae314e2a2172a039b26378814c252734f556a

Here's your Crypto Watchlist for the Week: The main theme I’m watching this week is that switch-and-holder revenue trades are starting to matter again. $JTO +39% this week and +83% on the month. It's generated $6.25M in fees over the last 30 days, with $0 going to holders. If the fee switch conversation keeps moving, JTO probably stays on watch. $AERO +36% this week and still controls 52.6% of Base DEX volume. The holder yield is already at 14.6% with 100% distribution, and mainnet expansion is about to provide another catalyst. $VELO is up 32% this week, but I don’t really view this as a standalone trade anymore. The real setup is the $AERO merger in July 2026. VELO holders are set to receive 5.5% of the new AERO supply, so this is more of a merger arb than a long-term VELO thesis. The window closes once Aero launches, and price still looks like it’s catching up to the conversion. $UNI +21.3% this week, $43.4B in 30d volume, and $53.7M in fees over the last month. The fee-switch debate is back on CT, so governance is what to watch. On Solana, $KMNO still looks interesting. $1.2B TVL, $4.67M in 30d fees, and up 19.4% this week. There is a small unlock this week, so I’m watching how the market reacts to it. $ETHFI has the same “revenue exists, distribution doesn’t yet” setup. They have $3.2B TVL, with $11.6M in 30d fees, 70K active cards, and $2M in daily card spend. Holder revenue is still $0, which makes the mechanism more important than the current numbers. $AAVE feels like a cleaner setup. $12.8B TVL, $41M in 30d fees, still down 16.9% on the month. Tokenized stocks as collateral remain the catalyst I'm paying attention to. $ENA remains one of the main yield infrastructure names. $4.86B TVL, $18.5M in 30d fees, and still tied to a lot of what is being built around stablecoin yield. $PENDLE is more nuanced. +9.3% this week but still down 20.3% on the month, with TVL down 38.5%. The V2 reset makes the TVL drawdown look worse, but Boros is the part I’m watching. On-chain funding rate markets could be a much bigger category than people are pricing in. $EULER still looks mispriced to me. $288M TVL, $2.1M in 30d fees, and a $24.7M market cap. Same thesis as last week. $CFG is more of a narrative laggard. Centrifuge is now on Base through Coinbase, with $58M in RWA TVL on Base alone, +738% in 30 days while price is -15%. Unlocks to watch: $KMNO: 52.7M tokens / ~$1M $ETHFI: 1M tokens / ~$350K Security: Axelar exploit: $4.67M lost through the Secret Network bridge connection. Microsoft also flagged USB-spreading malware targeting crypto wallet credentials. Hardware wallet reminder. Macro: CLARITY still needs Senate Democrats to clear the 60-vote threshold before the August recess. BlackRock launched BITA, a Bitcoin ETF with monthly income through covered calls. The 2-year Treasury is at 4.22%, so the opportunity cost of holding risk assets is still real. What am I missing this week?

Name & Symbol: Velo Protocol ($VELO)
Address: 0xf486ad071f3bee968384d2e39e2d8af0fcf6fd46

Here's your Crypto Watchlist for the Week: The main theme I’m watching this week is that switch-and-holder revenue trades are starting to matter again. $JTO +39% this week and +83% on the month. It's generated $6.25M in fees over the last 30 days, with $0 going to holders. If the fee switch conversation keeps moving, JTO probably stays on watch. $AERO +36% this week and still controls 52.6% of Base DEX volume. The holder yield is already at 14.6% with 100% distribution, and mainnet expansion is about to provide another catalyst. $VELO is up 32% this week, but I don’t really view this as a standalone trade anymore. The real setup is the $AERO merger in July 2026. VELO holders are set to receive 5.5% of the new AERO supply, so this is more of a merger arb than a long-term VELO thesis. The window closes once Aero launches, and price still looks like it’s catching up to the conversion. $UNI +21.3% this week, $43.4B in 30d volume, and $53.7M in fees over the last month. The fee-switch debate is back on CT, so governance is what to watch. On Solana, $KMNO still looks interesting. $1.2B TVL, $4.67M in 30d fees, and up 19.4% this week. There is a small unlock this week, so I’m watching how the market reacts to it. $ETHFI has the same “revenue exists, distribution doesn’t yet” setup. They have $3.2B TVL, with $11.6M in 30d fees, 70K active cards, and $2M in daily card spend. Holder revenue is still $0, which makes the mechanism more important than the current numbers. $AAVE feels like a cleaner setup. $12.8B TVL, $41M in 30d fees, still down 16.9% on the month. Tokenized stocks as collateral remain the catalyst I'm paying attention to. $ENA remains one of the main yield infrastructure names. $4.86B TVL, $18.5M in 30d fees, and still tied to a lot of what is being built around stablecoin yield. $PENDLE is more nuanced. +9.3% this week but still down 20.3% on the month, with TVL down 38.5%. The V2 reset makes the TVL drawdown look worse, but Boros is the part I’m watching. On-chain funding rate markets could be a much bigger category than people are pricing in. $EULER still looks mispriced to me. $288M TVL, $2.1M in 30d fees, and a $24.7M market cap. Same thesis as last week. $CFG is more of a narrative laggard. Centrifuge is now on Base through Coinbase, with $58M in RWA TVL on Base alone, +738% in 30 days while price is -15%. Unlocks to watch: $KMNO: 52.7M tokens / ~$1M $ETHFI: 1M tokens / ~$350K Security: Axelar exploit: $4.67M lost through the Secret Network bridge connection. Microsoft also flagged USB-spreading malware targeting crypto wallet credentials. Hardware wallet reminder. Macro: CLARITY still needs Senate Democrats to clear the 60-vote threshold before the August recess. BlackRock launched BITA, a Bitcoin ETF with monthly income through covered calls. The 2-year Treasury is at 4.22%, so the opportunity cost of holding risk assets is still real. What am I missing this week?

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

Here's your Crypto Watchlist for the Week: The main theme I’m watching this week is that switch-and-holder revenue trades are starting to matter again. $JTO +39% this week and +83% on the month. It's generated $6.25M in fees over the last 30 days, with $0 going to holders. If the fee switch conversation keeps moving, JTO probably stays on watch. $AERO +36% this week and still controls 52.6% of Base DEX volume. The holder yield is already at 14.6% with 100% distribution, and mainnet expansion is about to provide another catalyst. $VELO is up 32% this week, but I don’t really view this as a standalone trade anymore. The real setup is the $AERO merger in July 2026. VELO holders are set to receive 5.5% of the new AERO supply, so this is more of a merger arb than a long-term VELO thesis. The window closes once Aero launches, and price still looks like it’s catching up to the conversion. $UNI +21.3% this week, $43.4B in 30d volume, and $53.7M in fees over the last month. The fee-switch debate is back on CT, so governance is what to watch. On Solana, $KMNO still looks interesting. $1.2B TVL, $4.67M in 30d fees, and up 19.4% this week. There is a small unlock this week, so I’m watching how the market reacts to it. $ETHFI has the same “revenue exists, distribution doesn’t yet” setup. They have $3.2B TVL, with $11.6M in 30d fees, 70K active cards, and $2M in daily card spend. Holder revenue is still $0, which makes the mechanism more important than the current numbers. $AAVE feels like a cleaner setup. $12.8B TVL, $41M in 30d fees, still down 16.9% on the month. Tokenized stocks as collateral remain the catalyst I'm paying attention to. $ENA remains one of the main yield infrastructure names. $4.86B TVL, $18.5M in 30d fees, and still tied to a lot of what is being built around stablecoin yield. $PENDLE is more nuanced. +9.3% this week but still down 20.3% on the month, with TVL down 38.5%. The V2 reset makes the TVL drawdown look worse, but Boros is the part I’m watching. On-chain funding rate markets could be a much bigger category than people are pricing in. $EULER still looks mispriced to me. $288M TVL, $2.1M in 30d fees, and a $24.7M market cap. Same thesis as last week. $CFG is more of a narrative laggard. Centrifuge is now on Base through Coinbase, with $58M in RWA TVL on Base alone, +738% in 30 days while price is -15%. Unlocks to watch: $KMNO: 52.7M tokens / ~$1M $ETHFI: 1M tokens / ~$350K Security: Axelar exploit: $4.67M lost through the Secret Network bridge connection. Microsoft also flagged USB-spreading malware targeting crypto wallet credentials. Hardware wallet reminder. Macro: CLARITY still needs Senate Democrats to clear the 60-vote threshold before the August recess. BlackRock launched BITA, a Bitcoin ETF with monthly income through covered calls. The 2-year Treasury is at 4.22%, so the opportunity cost of holding risk assets is still real. What am I missing this week?

Name & Symbol: Kamino ($KMNO)
Address: KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS

Here's your Crypto Watchlist for the Week: The main theme I’m watching this week is that switch-and-holder revenue trades are starting to matter again. $JTO +39% this week and +83% on the month. It's generated $6.25M in fees over the last 30 days, with $0 going to holders. If the fee switch conversation keeps moving, JTO probably stays on watch. $AERO +36% this week and still controls 52.6% of Base DEX volume. The holder yield is already at 14.6% with 100% distribution, and mainnet expansion is about to provide another catalyst. $VELO is up 32% this week, but I don’t really view this as a standalone trade anymore. The real setup is the $AERO merger in July 2026. VELO holders are set to receive 5.5% of the new AERO supply, so this is more of a merger arb than a long-term VELO thesis. The window closes once Aero launches, and price still looks like it’s catching up to the conversion. $UNI +21.3% this week, $43.4B in 30d volume, and $53.7M in fees over the last month. The fee-switch debate is back on CT, so governance is what to watch. On Solana, $KMNO still looks interesting. $1.2B TVL, $4.67M in 30d fees, and up 19.4% this week. There is a small unlock this week, so I’m watching how the market reacts to it. $ETHFI has the same “revenue exists, distribution doesn’t yet” setup. They have $3.2B TVL, with $11.6M in 30d fees, 70K active cards, and $2M in daily card spend. Holder revenue is still $0, which makes the mechanism more important than the current numbers. $AAVE feels like a cleaner setup. $12.8B TVL, $41M in 30d fees, still down 16.9% on the month. Tokenized stocks as collateral remain the catalyst I'm paying attention to. $ENA remains one of the main yield infrastructure names. $4.86B TVL, $18.5M in 30d fees, and still tied to a lot of what is being built around stablecoin yield. $PENDLE is more nuanced. +9.3% this week but still down 20.3% on the month, with TVL down 38.5%. The V2 reset makes the TVL drawdown look worse, but Boros is the part I’m watching. On-chain funding rate markets could be a much bigger category than people are pricing in. $EULER still looks mispriced to me. $288M TVL, $2.1M in 30d fees, and a $24.7M market cap. Same thesis as last week. $CFG is more of a narrative laggard. Centrifuge is now on Base through Coinbase, with $58M in RWA TVL on Base alone, +738% in 30 days while price is -15%. Unlocks to watch: $KMNO: 52.7M tokens / ~$1M $ETHFI: 1M tokens / ~$350K Security: Axelar exploit: $4.67M lost through the Secret Network bridge connection. Microsoft also flagged USB-spreading malware targeting crypto wallet credentials. Hardware wallet reminder. Macro: CLARITY still needs Senate Democrats to clear the 60-vote threshold before the August recess. BlackRock launched BITA, a Bitcoin ETF with monthly income through covered calls. The 2-year Treasury is at 4.22%, so the opportunity cost of holding risk assets is still real. What am I missing this week?

Name & Symbol: Centrifuge ($CFG)
Address: 0xcccccccccc33d538dbc2ee4feab0a7a1ff4e8a94

Here's your Crypto Watchlist for the Week: The main theme I’m watching this week is that switch-and-holder revenue trades are starting to matter again. $JTO +39% this week and +83% on the month. It's generated $6.25M in fees over the last 30 days, with $0 going to holders. If the fee switch conversation keeps moving, JTO probably stays on watch. $AERO +36% this week and still controls 52.6% of Base DEX volume. The holder yield is already at 14.6% with 100% distribution, and mainnet expansion is about to provide another catalyst. $VELO is up 32% this week, but I don’t really view this as a standalone trade anymore. The real setup is the $AERO merger in July 2026. VELO holders are set to receive 5.5% of the new AERO supply, so this is more of a merger arb than a long-term VELO thesis. The window closes once Aero launches, and price still looks like it’s catching up to the conversion. $UNI +21.3% this week, $43.4B in 30d volume, and $53.7M in fees over the last month. The fee-switch debate is back on CT, so governance is what to watch. On Solana, $KMNO still looks interesting. $1.2B TVL, $4.67M in 30d fees, and up 19.4% this week. There is a small unlock this week, so I’m watching how the market reacts to it. $ETHFI has the same “revenue exists, distribution doesn’t yet” setup. They have $3.2B TVL, with $11.6M in 30d fees, 70K active cards, and $2M in daily card spend. Holder revenue is still $0, which makes the mechanism more important than the current numbers. $AAVE feels like a cleaner setup. $12.8B TVL, $41M in 30d fees, still down 16.9% on the month. Tokenized stocks as collateral remain the catalyst I'm paying attention to. $ENA remains one of the main yield infrastructure names. $4.86B TVL, $18.5M in 30d fees, and still tied to a lot of what is being built around stablecoin yield. $PENDLE is more nuanced. +9.3% this week but still down 20.3% on the month, with TVL down 38.5%. The V2 reset makes the TVL drawdown look worse, but Boros is the part I’m watching. On-chain funding rate markets could be a much bigger category than people are pricing in. $EULER still looks mispriced to me. $288M TVL, $2.1M in 30d fees, and a $24.7M market cap. Same thesis as last week. $CFG is more of a narrative laggard. Centrifuge is now on Base through Coinbase, with $58M in RWA TVL on Base alone, +738% in 30 days while price is -15%. Unlocks to watch: $KMNO: 52.7M tokens / ~$1M $ETHFI: 1M tokens / ~$350K Security: Axelar exploit: $4.67M lost through the Secret Network bridge connection. Microsoft also flagged USB-spreading malware targeting crypto wallet credentials. Hardware wallet reminder. Macro: CLARITY still needs Senate Democrats to clear the 60-vote threshold before the August recess. BlackRock launched BITA, a Bitcoin ETF with monthly income through covered calls. The 2-year Treasury is at 4.22%, so the opportunity cost of holding risk assets is still real. What am I missing this week?

Name & Symbol: Kamino ($KMNO)
Address: KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS

Here's your Crypto Watchlist for the Week: The main theme I’m watching this week is that switch-and-holder revenue trades are starting to matter again. $JTO +39% this week and +83% on the month. It's generated $6.25M in fees over the last 30 days, with $0 going to holders. If the fee switch conversation keeps moving, JTO probably stays on watch. $AERO +36% this week and still controls 52.6% of Base DEX volume. The holder yield is already at 14.6% with 100% distribution, and mainnet expansion is about to provide another catalyst. $VELO is up 32% this week, but I don’t really view this as a standalone trade anymore. The real setup is the $AERO merger in July 2026. VELO holders are set to receive 5.5% of the new AERO supply, so this is more of a merger arb than a long-term VELO thesis. The window closes once Aero launches, and price still looks like it’s catching up to the conversion. $UNI +21.3% this week, $43.4B in 30d volume, and $53.7M in fees over the last month. The fee-switch debate is back on CT, so governance is what to watch. On Solana, $KMNO still looks interesting. $1.2B TVL, $4.67M in 30d fees, and up 19.4% this week. There is a small unlock this week, so I’m watching how the market reacts to it. $ETHFI has the same “revenue exists, distribution doesn’t yet” setup. They have $3.2B TVL, with $11.6M in 30d fees, 70K active cards, and $2M in daily card spend. Holder revenue is still $0, which makes the mechanism more important than the current numbers. $AAVE feels like a cleaner setup. $12.8B TVL, $41M in 30d fees, still down 16.9% on the month. Tokenized stocks as collateral remain the catalyst I'm paying attention to. $ENA remains one of the main yield infrastructure names. $4.86B TVL, $18.5M in 30d fees, and still tied to a lot of what is being built around stablecoin yield. $PENDLE is more nuanced. +9.3% this week but still down 20.3% on the month, with TVL down 38.5%. The V2 reset makes the TVL drawdown look worse, but Boros is the part I’m watching. On-chain funding rate markets could be a much bigger category than people are pricing in. $EULER still looks mispriced to me. $288M TVL, $2.1M in 30d fees, and a $24.7M market cap. Same thesis as last week. $CFG is more of a narrative laggard. Centrifuge is now on Base through Coinbase, with $58M in RWA TVL on Base alone, +738% in 30 days while price is -15%. Unlocks to watch: $KMNO: 52.7M tokens / ~$1M $ETHFI: 1M tokens / ~$350K Security: Axelar exploit: $4.67M lost through the Secret Network bridge connection. Microsoft also flagged USB-spreading malware targeting crypto wallet credentials. Hardware wallet reminder. Macro: CLARITY still needs Senate Democrats to clear the 60-vote threshold before the August recess. BlackRock launched BITA, a Bitcoin ETF with monthly income through covered calls. The 2-year Treasury is at 4.22%, so the opportunity cost of holding risk assets is still real. What am I missing this week?

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

Here's your Crypto Watchlist for the Week: The main theme I’m watching this week is that switch-and-holder revenue trades are starting to matter again. $JTO +39% this week and +83% on the month. It's generated $6.25M in fees over the last 30 days, with $0 going to holders. If the fee switch conversation keeps moving, JTO probably stays on watch. $AERO +36% this week and still controls 52.6% of Base DEX volume. The holder yield is already at 14.6% with 100% distribution, and mainnet expansion is about to provide another catalyst. $VELO is up 32% this week, but I don’t really view this as a standalone trade anymore. The real setup is the $AERO merger in July 2026. VELO holders are set to receive 5.5% of the new AERO supply, so this is more of a merger arb than a long-term VELO thesis. The window closes once Aero launches, and price still looks like it’s catching up to the conversion. $UNI +21.3% this week, $43.4B in 30d volume, and $53.7M in fees over the last month. The fee-switch debate is back on CT, so governance is what to watch. On Solana, $KMNO still looks interesting. $1.2B TVL, $4.67M in 30d fees, and up 19.4% this week. There is a small unlock this week, so I’m watching how the market reacts to it. $ETHFI has the same “revenue exists, distribution doesn’t yet” setup. They have $3.2B TVL, with $11.6M in 30d fees, 70K active cards, and $2M in daily card spend. Holder revenue is still $0, which makes the mechanism more important than the current numbers. $AAVE feels like a cleaner setup. $12.8B TVL, $41M in 30d fees, still down 16.9% on the month. Tokenized stocks as collateral remain the catalyst I'm paying attention to. $ENA remains one of the main yield infrastructure names. $4.86B TVL, $18.5M in 30d fees, and still tied to a lot of what is being built around stablecoin yield. $PENDLE is more nuanced. +9.3% this week but still down 20.3% on the month, with TVL down 38.5%. The V2 reset makes the TVL drawdown look worse, but Boros is the part I’m watching. On-chain funding rate markets could be a much bigger category than people are pricing in. $EULER still looks mispriced to me. $288M TVL, $2.1M in 30d fees, and a $24.7M market cap. Same thesis as last week. $CFG is more of a narrative laggard. Centrifuge is now on Base through Coinbase, with $58M in RWA TVL on Base alone, +738% in 30 days while price is -15%. Unlocks to watch: $KMNO: 52.7M tokens / ~$1M $ETHFI: 1M tokens / ~$350K Security: Axelar exploit: $4.67M lost through the Secret Network bridge connection. Microsoft also flagged USB-spreading malware targeting crypto wallet credentials. Hardware wallet reminder. Macro: CLARITY still needs Senate Democrats to clear the 60-vote threshold before the August recess. BlackRock launched BITA, a Bitcoin ETF with monthly income through covered calls. The 2-year Treasury is at 4.22%, so the opportunity cost of holding risk assets is still real. What am I missing this week?

Name & Symbol: Velo Protocol ($VELO)
Address: 0xf486ad071f3bee968384d2e39e2d8af0fcf6fd46

DeFi has a valuation problem. P/S, P/F are fine for general screening, but they're useless for valuing what a token actually earns you. In equities, P/E replaced P/Revenue because earnings are what flow to shareholders. I view DeFi the same. A protocol generating $858M in fees but yields 2.5% to holders is not the same asset as one generating $130M and yielding 75%. Right now, the market prices these the same: $AERO: 14.6% holder yield $LDO: 10.2% $HYPE: 5.3% on a $14.9B mcap $JUP: 4.7% via buybacks $UNI: 3.2% on $858M in annual fees The market is still pricing in the fees generated, while institutions are pivoting to the fees distributed. Price action YTD is quite telling where we're headed.

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

soylana solana:FamUNkepHXkVxjWHeMSpJmD4xVhCSyNnUG9GVsdmR2xQ vibe check

Name & Symbol: SOYLANA MANLETS ($MANLET)
Address: FamUNkepHXkVxjWHeMSpJmD4xVhCSyNnUG9GVsdmR2xQ

$SOL is at $71 and looks ready to break Reclaim $78, and we're off to $90 Fundamentally, the ecosystem is looking healthy again: Solana apps generated $41M in fees last week. +9.76% from the week before. > Chain fees up 11.27% over the same window. > TVL +3.11%. > $CARDS $5M, up +39.8% WoW Memes are still strong with DEX volumes hitting $3.8B on June 4 against a two-week baseline of $1.2-1.5B. > $PUMP accounted for 35% of all Solana app fees last week Important to note behind memes, the ecosystem layer is also scaling with major announcements this month: > Western Union launched a dollar-pegged stablecoin on Solana, rolling out to 40+ countries via @Anchorage > Meta expanded USDC payouts on the network > Spot $SOL ETFs recorded $56.6M in institutional inflows over 30 days > Alpenglow is still targeting Q3 delivery Soylana Manlet Summer?

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

The first wave of tokenization put assets onchain. The next wave makes them productive. Seeing this happen on @base at an exponential rate this week. - @centrifuge deployed on Base via Coinbase infra with $58M in RWA TVL on Base alone +738% in 30 days. - @Spiko_finance: $23M in tokenized T-bills on Base. - The tokenized stocks announcement from @coinbase. Soon we'll see these assets being integrated across DeFi as collateral on @morpho or liquidity on @AerodromeFi.

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

Something to consider beyond volume is the Cashflow businesses like Aerodrome have been able to generate. - $70B in volume w/$134M in annual fees - 100% paid to $veAERO holders - aerodrome-finance:native generates ~ 14.6% holder yield Uniswap does $42B across every chain combined and passes 3.2% of fees to UNI holders. Big believer we're moving to valuation models that account for fee distribution.

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

manlets i think we can run this back past ATHs gonna push and try hard it's manlet season and we gotta rise up https://t.co/dfeQ25C9uf

Name & Symbol: Aethir Token ($ATH)
Address: 0xbe0ed4138121ecfc5c0e56b40517da27e6c5226b

The “buyback narrative” is all over CT right now. More DeFi protocols are generating real revenue and returning it to token holders. Here are the past week's revenue and returns to holders: - $HYPE: $11.9M, 100% to holders - $AERO: $938K, 100% to holders - $JUP: $1.1M, $543K to holders - $LIT: $575K, $550K to holders - $LDO: $473K, $458K to holders There is a structural shift happening. Teams are moving away from inflation-heavy tokenomics and toward buybacks and fee sharing. If this trend sticks, it will change how this entire asset class is valued. Higher.

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

$AERO controls 53% of all DEX volume on Base. It's still trading at 4.1x annual fees. Here's why it's gone higher: - 30d DEX volume up 37.7%. - $18B in volume last 30 days, generating ~$133.9M in trailing 12-month fees - TVL is recovering, +8.2% this week alone - 2.5x more volume than Uniswap V4 on Base (the closest competitor) Here's why it goes higher: - @o1_exchange, integrated directly with Aerodrome, increasing the surface Aerodrome can cover. - Coinbase just launched tokenized stocks onchain. - Tokenized stock/USDC pairs will bootstrap liquidity on Base first. - Aerodrome is where Base bootstraps everything. - 52.6% DEX market share on the fastest-growing L2, this will have a compounding effect. - Expansion to $ETH is not really priced in. Volume continues to be a leading indicator of price; it always has been, and fees continue to print in a "boring" market, generating $403K yesterday. BTW, $AERO to $1.13 is an 8x P/F coin

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

Tokenized RWAs just hit $34B in June. 10 straight months of new highs. But only $3.1B is actually being used in DeFi. The RWA market is growing, but the DeFi layer is still being carried by a few products: - @maplefinance's syrupUSDT: 86% in DeFi - @anemoycapital' JAAA - @HastraFi' PRIME: ~80% in DeFi - @SuperstateInc' USCC: ~90% and USTB: ~33% in DeFi Meanwhile, BUIDL has ~$1B in supply and only 1.8% in DeFi. The story won't be about RWAs being onchain, but rather about which RWAs can actually become collateral and liquidity within DeFi.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

You want to fix the trenches? Send cult coins higher and farms to 0. Simple as believing, bagworking and topblasting to millions. solana:FamUNkepHXkVxjWHeMSpJmD4xVhCSyNnUG9GVsdmR2xQ

Name & Symbol: SOYLANA MANLETS ($MANLET)
Address: FamUNkepHXkVxjWHeMSpJmD4xVhCSyNnUG9GVsdmR2xQ

Fundamentally strong protocols will continue to outperform as market conditions continue to improve. $AERO https://t.co/cL2hprIYHQ

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

Now that the US-Iran War is over, I would be looking at protocols with big 30-day drawdowns that have already reversed over the past week. Some names that are still compressed, recovering with strong fundamentals: - $AERO +15% on the week, still down 22% for the month - $ETHFI +14% on the week, -26% for the month - $JUP +15% on the week, -22% for the month - $AAVE +12% on the week, -30% for the month - $SYRUP +8% on the week, -40% for the month - $PENDLE +13% on the week, -32% for the month The bids were already underway; the peace agreement simply poured fuel on their recovery. The highest conviction plays are the ones already rising with real fee generation and cheap valuations; those will be the first to revert back green.

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

Now that the US-Iran War is over, I would be looking at protocols with big 30-day drawdowns that have already reversed over the past week. Some names that are still compressed, recovering with strong fundamentals: - $AERO +15% on the week, still down 22% for the month - $ETHFI +14% on the week, -26% for the month - $JUP +15% on the week, -22% for the month - $AAVE +12% on the week, -30% for the month - $SYRUP +8% on the week, -40% for the month - $PENDLE +13% on the week, -32% for the month The bids were already underway; the peace agreement simply poured fuel on their recovery. The highest conviction plays are the ones already rising with real fee generation and cheap valuations; those will be the first to revert back green.

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

Now that the US-Iran War is over, I would be looking at protocols with big 30-day drawdowns that have already reversed over the past week. Some names that are still compressed, recovering with strong fundamentals: - $AERO +15% on the week, still down 22% for the month - $ETHFI +14% on the week, -26% for the month - $JUP +15% on the week, -22% for the month - $AAVE +12% on the week, -30% for the month - $SYRUP +8% on the week, -40% for the month - $PENDLE +13% on the week, -32% for the month The bids were already underway; the peace agreement simply poured fuel on their recovery. The highest conviction plays are the ones already rising with real fee generation and cheap valuations; those will be the first to revert back green.

Name & Symbol: Syrup Token ($SYRUP)
Address: 0x643c4e15d7d62ad0abec4a9bd4b001aa3ef52d66

Feels like we’re about to get a solana:So11111111111111111111111111111111111111112 szn soon. Already seeing volume and liquidity start to move there and with it more runners. > $JOTCHUA ran to $9m > $KINS to $10m Would not be shocked to see cult tokens like $MANLETS reprice as the lore and momentum drive virality.

Name & Symbol: Wrapped SOL ($SOL)
Address: So11111111111111111111111111111111111111112

Here's your Crypto Watchlist for the Week: @yieldbasis - Curve-adjacent leveraged farming with fees up 156% this week, 70% last month. No token yet. @phygitals - Saw fees ros 271.7% this week. Same thesis as Collector Crypt, just earlier stage with no token. $INDY - Cardano's CDP saw fees rise +1,495% last 30 days. Price is up 38% this week already. Cardano chain app fees are up 188% this week and 242% this month. $RAIL - Privacy is moving with fees up 69.2% this week, price up 24.4% during the same window. I've written about Rail before. Security - Raydium Legacy V3 was exploited for $1.34M via LP mint validation flaw. - - Humanity Protocol lost 141M $H tokens via phished keys. Macro - FOMC June 16-17. - Kevin Warsh's first decision as Fed Chair. - Rates expected to hold at 3.50%–3.75% - CLARITY Act still needs ~7 Senate Democrats for the 60-vote threshold before the August recess. What am I missing this week?

Name & Symbol: Humanity Protocol ($H)
Address: 0x44f161ae29361e332dea039dfa2f404e0bc5b5cc

Feels like we’re about to get a solana:So11111111111111111111111111111111111111112 szn soon. Already seeing volume and liquidity start to move there and with it more runners. > $JOTCHUA ran to $9m > $KINS to $10m Would not be shocked to see cult tokens like $MANLETS reprice as the lore and momentum drive virality.

Name & Symbol: Wrapped SOL ($SOL)
Address: So11111111111111111111111111111111111111112

I still think the market is not appreciating @EtherFi as a business and continues to value it as a staking protocol. Some thoughts: $ETHFI - fees dropped 26% last month; however, you have to look at their margins to understand the full story. > Gross fees 30d: $12.1M -26.3% > Net earnings: $3.0M/month > Margin: 24.7% > Its now trading at a P/E: 7.57x For comparison, $LDO charges 3.2x the gross fees and has roughly the same net. The difference lies in how revenue is allocated: Lido sent $2.0M to stakers last month, whereas EtherFi's revenue remained in the protocol. - $MORPHO: $0 net on $19.3M gross fees. Trades at $1.26B mcap. - $LDO: 6.0x P/E, 7.9% margin, $2.0M to stakers last month. Trades at $223M mcap. - $ETHFI: 7.57x P/E, 24.7% margin, $0 to holders. Trades at $272M mcap. EtherFi previously returned $3.2M to holders in November. - Nov 2025: $3.2M - Dec 2025: $2.6M - Jan 2026: $1.4M - Feb 2026: $1.35M - Mar 2026: $430K - Apr 2026: $30K - May 2026: $0 - Jun 2026: $0 Consider this a cash hoard to be deployed during better market conditions, either way, the business remains sound and still misunderstood.

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

The SPCX situation: - main runner acc at 2m suspended and comm dead. - sol runner dead at 20k - spuce x admin gone and comm dead The only community that’s active. The only with right metadata. USDC. $spcx isnt a one day narrative BhTPX3YwwVff8F16ujjwvD9pqjCM8pa648Bchognpump

Name & Symbol: SpaceExplorationTechnologiesCorp ($SPCX)
Address: BhTPX3YwwVff8F16ujjwvD9pqjCM8pa648Bchognpump

Anthropic have been secretly basing their new models (Mythos + Fable) around HOBBITS, and they are OBSESSED with Hobbits, In Anthropic's Policy of AI Exponential THE CEO literally talk about Hobbits for 2 PARAGRAPHS and how we should all take inspiration from them: https://t.co/KLheQENEGD Fable 5 is also obsessed with Hobbits if you ask it about the Pope it will reference HOBBITS quotes Dario Amodei’s is the CEO OF ANTHROPIC and people are already pointing out his love for Hobbits - https://t.co/lxGNAqtZ7l $hobbit A9VeU6XiEuYjWLZPrFUkpnSbkpQTYPoBbN8NXYBhpump

Name & Symbol: HobbitCoin ($Hobbit)
Address: A9VeU6XiEuYjWLZPrFUkpnSbkpQTYPoBbN8NXYBhpump

Interesting how the third largest holder of solana:BcHEaaTCvycPwwsJ9yQTXdHP9X2gCLkznDbZ8VySpump is also the largest holder of solana:3TYgbAMm4GUfya2DUU5tczkHF2BGePaP3mzvr27Kpump https://t.co/njv3ukeSpc

Name & Symbol: Dog In A Suit ($suit)
Address: 3TYgbAMm4GUfya2DUU5tczkHF2BGePaP3mzvr27Kpump

Interesting how the third largest holder of solana:BcHEaaTCvycPwwsJ9yQTXdHP9X2gCLkznDbZ8VySpump is also the largest holder of solana:3TYgbAMm4GUfya2DUU5tczkHF2BGePaP3mzvr27Kpump https://t.co/njv3ukeSpc

Name & Symbol: Jotchua ($Jotchua)
Address: BcHEaaTCvycPwwsJ9yQTXdHP9X2gCLkznDbZ8VySpump

Here's your Crypto Watchlist for the Week: $HYPE - Pulled back to -22.6% ATH after last week's local top debate played out. Still generating $75.3M in fees this month, up 27.1% MoM, with $60.1M returned to holders. The thesis hasn't changed. $AAVE - Babylon BTC vault temp check still moving through governance. rsETH fully restored. -90.5% ATH. $PENDLE - CLARITY Act July 4 signing target unchanged. Fixed-rate yield infrastructure, sPENDLE staking 20% to 57.9% since January. -83.3% ATH. $ONDO - Same CLARITY Act trade at the infrastructure layer. -83.7% ATH. $INJ - tokenized IPO access narrative up 9x on CT this week. First L1 to announce regulated tokenized assets, IPOs, and equities onchain. $RAIL - Down to -52.5% ATH. ZEC dropped this week after a critical Orchard Pool counterfeiting bug was disclosed, present since 2022, with Arthur Hayes selling his entire position. $ETHFI - 70K active cards, $2M in daily card spend, buybacks running daily, still priced as a restaking protocol at -96.5% ATH. $RAIN - $686.2M unlock this week, 8.3% of float. Largest single unlock on this list by a wide margin. No protocol fundamentals to absorb it. $ME (Magic Eden) - $10.2M unlock, 30.74% of float. Highest float impact on the list. Nearly a third of the circulating supply in one week. $WLD - $19.2M unlock, 1.17% of float, and I still haven't seen a product update. $PUMP - $15.1M unlock, 2.86% of float. $TRUMP - $10.3M unlock, 2.66% of float. No protocol fundamentals to absorb it. Macro - CPI Wednesday 8:30am ET is the main event. Last Friday's NFP came in 172K vs 80K expected, 10Y yield now at 4.71%, 30Y above 5%. Hot CPI print reprices rate cut expectations and hits risk assets directly. FOMC June 16-17 with Warsh presiding is the second read. Watch BTC at open Wednesday for the risk-on/risk-off signal. ~$858M in total supply unlocking this week. Last week was $345M. What am I missing this week?

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3

Here's your Crypto Watchlist for the Week: $HYPE - Pulled back to -22.6% ATH after last week's local top debate played out. Still generating $75.3M in fees this month, up 27.1% MoM, with $60.1M returned to holders. The thesis hasn't changed. $AAVE - Babylon BTC vault temp check still moving through governance. rsETH fully restored. -90.5% ATH. $PENDLE - CLARITY Act July 4 signing target unchanged. Fixed-rate yield infrastructure, sPENDLE staking 20% to 57.9% since January. -83.3% ATH. $ONDO - Same CLARITY Act trade at the infrastructure layer. -83.7% ATH. $INJ - tokenized IPO access narrative up 9x on CT this week. First L1 to announce regulated tokenized assets, IPOs, and equities onchain. $RAIL - Down to -52.5% ATH. ZEC dropped this week after a critical Orchard Pool counterfeiting bug was disclosed, present since 2022, with Arthur Hayes selling his entire position. $ETHFI - 70K active cards, $2M in daily card spend, buybacks running daily, still priced as a restaking protocol at -96.5% ATH. $RAIN - $686.2M unlock this week, 8.3% of float. Largest single unlock on this list by a wide margin. No protocol fundamentals to absorb it. $ME (Magic Eden) - $10.2M unlock, 30.74% of float. Highest float impact on the list. Nearly a third of the circulating supply in one week. $WLD - $19.2M unlock, 1.17% of float, and I still haven't seen a product update. $PUMP - $15.1M unlock, 2.86% of float. $TRUMP - $10.3M unlock, 2.66% of float. No protocol fundamentals to absorb it. Macro - CPI Wednesday 8:30am ET is the main event. Last Friday's NFP came in 172K vs 80K expected, 10Y yield now at 4.71%, 30Y above 5%. Hot CPI print reprices rate cut expectations and hits risk assets directly. FOMC June 16-17 with Warsh presiding is the second read. Watch BTC at open Wednesday for the risk-on/risk-off signal. ~$858M in total supply unlocking this week. Last week was $345M. What am I missing this week?

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn