So solana:ErvkxE8gc7EwmaQfvoGfVfcDJbVG4EcHQr3yweTkpump is a 100x from here? I ran it against other wallet offerings using DeFi llama's dynamic charts. The 8 wallets and trading apps I tracked (Axiom, GMGN, Phantom, MetaMask, and others) earn about $797M a year at their current run rate. 1% of that is about $8M in fees flowing through ZeroFee. ZeroFee charges 0%, so today that's $0 in revenue. Start charging 10% of what established wallets charge, and it's about $800K in revenue. At $JUP 19x P/S, that's about $15M.

We now have an official GitHub organization. Follow our journey bringing FHE to real-world applications solana:7tFHmjGGg8Je88XgjxVWm4Co9G7SLb85MEzLiBokWgHw https://t.co/eqiMZivNtQ https://t.co/5mLf6GViGn

The first part was bringing the eyes to $CIRC and now I'll make a thesis for it. Solana:8fQgfsRnRkKSeNUhevT7wp8mhNvMSJdLn1fJi4oVpump @CircuitLLM is positioning itself to become the infrastructure layer for the AI agent economy on @solana. What makes it interesting is that it isn't betting on a single product. It's connecting first-party blockchain data, an RPC aggregator, access to 300+ AI models, an open-source trading agent, and a distributed inference engine designed to run a 72B-parameter model across multiple machines. Each component serves a different need, but together they create a much bigger opportunity. The data layer gives agents access to real-time on-chain activity, wallet intelligence, and market signals. The model layer gives developers access to intelligence, while the SDK and MCP make those capabilities accessible to applications and agents. Its trading agent takes this further by separating strategic decisions from deterministic execution, keeping scanning, position monitoring, and stop-loss calculations in code rather than handing every action to an LLM. My real conviction is in how these pieces can feed each other. More useful data and better tooling can attract more developers and agents. More agent activity creates demand for APIs, inference, and compute. Through x402, services can be paid for programmatically in $CIRC, while GPU operators can earn a share of inference fees for contributing compute. If that demand grows, Circuit has the foundation for a flywheel connecting data consumption, AI services, operator incentives, and token utility. The distributed 72B engine adds another dimension: @CircuitLLM is not just aggregating access to third-party models; it's also building infrastructure to coordinate inference across separate machines. That is a harder engineering problem, and the long-term opportunity is to make AI compute a network that developers can access on demand rather than depend entirely on centralized providers. My bet is that $CIRC becomes more valuable as more of its infrastructure is used together. The important caveat is execution: if Circuit can turn its growing stack into infrastructure that developers and autonomous agents repeatedly rely on, it has a broader thesis than another model, trading bot, or Solana data dashboard. It is building toward an economy where agents access information, make decisions, use compute, and pay for services through one connected stack. 30k mc!.

I prefer to take public bets and be wrong than to never dare to dream. Pretty sure this is a generational entry for solana:ErvkxE8gc7EwmaQfvoGfVfcDJbVG4EcHQr3yweTkpump right before a major product release. Sent from my Pumpfun app. https://t.co/dbuQTwHvs8

I challenge you to spend just 10 seconds on the $Circuit website and give me a reason why it shouldn’t be the top hooks launchpad on solana:So11111111111111111111111111111111111111112: https://t.co/KmqaYdlvbw @circuitdevfun

$CHIP launched on and paired with $Circuit might put this ecosystem on the map chip ca ($35k): GjGCWTy6AgP46vFXfL6AAhh6pU8vjTGLLp2TL5DZaFMU circuit ca ($140k): EcZndAERfzNhLirHwfsy44dAyPSZazjDU83pa6RApump

$CHIP launched on and paired with $Circuit might put this ecosystem on the map chip ca ($35k): GjGCWTy6AgP46vFXfL6AAhh6pU8vjTGLLp2TL5DZaFMU circuit ca ($140k): EcZndAERfzNhLirHwfsy44dAyPSZazjDU83pa6RApump

Competition is good for the space. Join one of the best trading apps in the space. https://t.co/KxlSoAS5J4 Disclosure: I am very long solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

solana:EC7JXhzfSDe9BhU1tnfyzvv1eUUaTQQi4TTnrSHKsaET is a play on distribution. It's not about swap mechanics or hooks here. Just about making crypto feel less like "crypto" Doing more DD in the meantime. I’ll be posting my thesis on the @Pumpfun app first going forward. https://t.co/aKn3Kd7VQt

So far so good. $BEAST has 5x since this post, still NFTs have not fully been minted out. As PNLs improve so will the eyes on this play. I think of it as a beta to ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 Still think solana:5NhN6zzDkzwXFGPFqtpTopV4ttBeZ6CWy1oRL9Rkpump and solana:5WpdKV43mFmVQgy6KhgqmU1N4xtLE4rAFtnsTf8rApwd are being over looked as both improve their stack and the ability to do more with their agents improve.

So far so good. $BEAST has 5x since this post, still NFTs have not fully been minted out. As PNLs improve so will the eyes on this play. I think of it as a beta to ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 Still think solana:5NhN6zzDkzwXFGPFqtpTopV4ttBeZ6CWy1oRL9Rkpump and solana:5WpdKV43mFmVQgy6KhgqmU1N4xtLE4rAFtnsTf8rApwd are being over looked as both improve their stack and the ability to do more with their agents improve.

This is solana:7LxC96Ag4DnBotK6bMMUj4kdneAo1kdV1xHnzVF5s7W2 coded.

I have been holding solana:9CPfv7rc6vxBd3jtovmZtf5Zy8bdvssv8c4BwzbGk147 on @LaunchOnSF since the token came out. I invested $150 and have received 107 $INJ ($8.13 per INJ) SO far, just by holding the ninjacat (Almost 6x my initial investment in rewards). This is the new wave of memes on solana, and Im excited to see what the future holds for us on chain traders! @injective

@Flowslikeosmo AI CA: AQYCNbTgUrC2m8gTfHWZ9mKMGH2RptsYZhcmcQUmvjZ9 Zoe CA: 7n8kRipxAQBfpGQtcGA2AbkM2HASSVCzqZ5F3QEopump

@Flowslikeosmo AI CA: AQYCNbTgUrC2m8gTfHWZ9mKMGH2RptsYZhcmcQUmvjZ9 Zoe CA: 7n8kRipxAQBfpGQtcGA2AbkM2HASSVCzqZ5F3QEopump

The real meme is when solana:7LxC96Ag4DnBotK6bMMUj4kdneAo1kdV1xHnzVF5s7W2 flips solana:7LxC96Ag4DnBotK6bMMUj4kdneAo1kdV1xHnzVF5s7W2.

Alright, now that all of the shenanigans have smoothed over (huge headache and a half) here's a status update with solana:7LxC96Ag4DnBotK6bMMUj4kdneAo1kdV1xHnzVF5s7W2 - Again, my main thesis is that reflection tokens on StonkFun usually have strong memetic value tied to the underlying pairing (see ZCAT, ALLINU, PURR, LEVERCAT). It would simply make sense for🪨to capture the value in terms of ETH payouts given the lore behind ether rocks (homage to one of the most known NFT collections, ether rocks being in the news, etc). - The memetic value hasn't been lost with a lot of the existing holders. @pk79z (top holder) literally wants to buy an ether rock with the ETH payouts, @0xMerp will give out a Patek if this gets to 100m MCAP, etc. Even with everything going on, it appears that the current community is very much aligned and looking to push forward. It's been a while since I've had this much fun in crypto tbh. - 🪨at its current state is currently providing very strong payouts to its holders, with the 3rd highest annual APR of the top 15 STONK coins in the past 3 days at 502.6% (ss from The Stonk Board by @AgentChud) - In addition to the strong upside value in the underlying token in🪨, you're also betting on the upside of crypto in general due to its pairing with one of the majors. At its current MCAP, 🪨 is the current leading ETH pairing for StonkFun reflection tokens, and I anticipate it will continue to cement itself as such - Sometimes it's as easy as the chart looking insanely good and the🪨just sending. Classic half pipe shit. Anyway, I personally like to take things step by step. First goal is to get into the top 10 of STONK coins for eligibility in 's flywheel, that essentially buys back StonkFun coins using a share of trading fees (in which the tokens are burnt thereafter). Let's see where we go from there.

Unfortunately @EtherRocksSol dev has gone full crash out. He jeeted his tokens and kicked everyone from the group chat. The strong solana:7LxC96Ag4DnBotK6bMMUj4kdneAo1kdV1xHnzVF5s7W2 whales are coming together, not selling any tokens and banding around the new Twitter @EtherRockSol I suggest everyone follow the new Twitter and we will create a new rock group chat

I think $ABTC is one of the cleanest, least crowded trades on @LaunchOnSF right now. Memestock meta has already given us: $ZCAT pays ZEC → ~$87M $PURR pays HYPE → ~$9M $ABTC pays BTC → ~$300K And somehow the BTC one has the deepest lore of the three. The waifu predates the token by almost a decade. > In 2018: @elonmusk posted the Bitcoin anime girl with “Wanna buy some Bitcoin?” and literally got locked out of X because they thought he was hacked. > 2020: he mentions her again. “How much for some anime Bitcoin?” > 2021: he makes the Bitcoin waifu his profile picture. > 2026: someone asks Elon to animate her with Grok. Which he did. This is the same character with +8 years of lore. Bitcoin + anime + the Elon lore that keeps resurfacing every cycle. Now we finally have a way to bet on this lore Hold $ABTC → Get paid in $BTC. It has already distributed roughly $12K worth of $BTC while the coin sits around $200k. Just doesn't make sense to me. You have the most recognizable asset in crypto, an actual recurring piece of Elon lore, waifu/goontek appeal, and a mechanic that literally pays the meme in Bitcoin. Meanwhile, the market has already shown it will value similar coins in the millions and tens of millions. Just feels very uncrowded here. The anime Bitcoin trade has been sitting in front of us for eight years. Now there's a token $ABTC CEzvF3uFKNKPgCJ9xkgUGk758jjstiUhbkFxaXLFpVF4

Lol this is very interesting. You have a very clear battle for the Bitcoin ticker on @LaunchOnSF right now but I’d like to throw my takes in the hat here in the early days for speculation purposes $ABTC is waifu Anime memes Buy the Cat is the cat meme runner (old @saylor lore) XBT is what I believe to be a purist play. Consider is a mining pool that “if they want it to succeed, it will” Nobody can really say it wasn’t bootstrapped from day one because @_f1fth_ literally bullposted it after whoever dumped it to literally zero at 30k Super interesting times ahead for the solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx ecosystem. @Raydium literally saved @solana (again) - @RaydiumEco gg

One is seriously undervalued. Be honest, would you rather get paid in BTC, ZEC, or HYPE? And, as we all know, BTC is the OG coin. CEzvF3uFKNKPgCJ9xkgUGk758jjstiUhbkFxaXLFpVF4 https://t.co/UH8lQBr4iO

solana:HcRLc9VDgjLeK154xDawfb1dmVJ98DoSqcwTHGqiDeJR at roughly $120M makes $Elon, below $1M, worth a closer look. What's interesting here is the idea of one ticker becoming the trade for a much bigger narrative. With $Elon; Optimus, Starship, Robotaxi, Starlink, xAI. Even a random tweet at 2 am, are all part of the narrative. The bet is that traders start coming back to the same coin. The pairing makes sense, too. Buy $Elon, earn SpaceX and Tesla. Meanwhile, it’s sitting around $600K 0xC71D692fF5323d818b425a9536301C5147ed3A6b For perspective: - A $5M valuation would be about 4% of solana:HcRLc9VDgjLeK154xDawfb1dmVJ98DoSqcwTHGqiDeJR’s current size. - $10M would be roughly 8%. The name alone could be very viral, and I think its worth multiples of what it's currently trading at just on memetics.

$PUMP is still very undervalued. PUMP trades at roughly 1x annualized fees and 2.5x revenue, while both are up 75%+ month-over-month. The buyback is scaling with the business: → June: $12.2M →July: $15.7M → August: $27.1M That's over $400M of $PUMP that has now been bought and burned, yet the market is still pricing PUMP as if memes were dead. Most bullish is the skyrocketing Buyback Balance vs. Cost of acquisition for $PUMP.

Ok guys new experiment here. $SODA 0x3c205df1996dca72b3dc2cc6dbfab1a0725e1e18 Paired with solana:8zZujUaMpmz86h9ic6FK9dAZj5jWbkdSZSFuysyWpump on @longbow_gg 🌭🥤

$3.79B traded across Polymarket prediction markets in the last 30 days. Perps make that distribution much more valuable. A view on Fed policy can now sit beside $BTC exposure. A price prediction for $PUMP can sit beside a perp position, all within a single interface. This is how crypto trading starts to feel like one connected experience.

2026 has quietly become the year of the tokenomics upgrade. More than 43 protocols across lending, perps, DEXs and neobanking have changed how revenue flows back to their tokens. A few that stand out: - $ETHFI → 30% of swap, perp and lending fees now buy ETHFI onchain. another 30% goes back to users as ETHFI cashback. - $ENA → 95% of net revenue across ethena’s three business lines is set to fund ENA buybacks once USDe supply milestones are reached. - $LIT → ~15.5M LIT bought back since TGE, equal to ~6.3% of supply. those tokens are now permanently burned instead of held by the protocol. - $LDO → 50% of staking revenue above a $40M annual baseline goes toward LDO buybacks, capped at $50K per day. - $AAVE → still buying back AAVE, although the annual budget was reduced from $50M to $30M as borrow-fee revenue declined. more than 205K AAVE has been bought since april 2025. - $BEND → burning 50% of treasury-held BEND over five months, while committing 20% of future protocol revenue to ongoing buybacks. - $SILO → moving away from an all-in buyback model. 50% of revenue would instead accumulate in USDC and ETH, leaving the other 50% for buybacks. - $WLFI → 100% of treasury-owned liquidity fees are burned. - $SUSHI → 1% of protocol and perp fees fund monthly xSUSHI buybacks, while another 4% of protocol fees build a weekly SUSHI reserve. - $COW → partner revenue-share caps increased from 1% to 5%, while the DAO keeps 50% of its price-improvement revenue share. - $BAL → reduced the DAO cut of swap fees from 50% to 25%. fees now flow to the treasury, with buybacks capped at 35% of treasury value. - $LVVA → doubled the share of protocol fees going toward buybacks from 25% to 50%. - $SDT → redirected 2.75 percentage points of its ~16.6% OnlyBoost performance fee toward a new alchemix revenue share. - $BEETS → up to $4K per month from the treasury can now be used to buy BEETS on the open market. - $MET → monthly buybacks increased from $32.5K to $100K, with a longer-term target of directing Different models, same direction. Protocols are spending far more time thinking about where revenue actually goes after it is generated. Buybacks, burns, reserves, staking economics and direct revenue distribution are becoming part of the product. That feels like a much healthier direction for the market.

Wait @seedphrase aped the solana:8zZujUaMpmz86h9ic6FK9dAZj5jWbkdSZSFuysyWpump??! Probably something.

The $SLEUTH bull case is almost entirely valuation. AI market-intel tokens like $AIXBT have traded at 9-figure valuations. Sleuth is targeting a similar market with AI agents, wallet forensics, and prediction-market intelligence, with the product already live. Yet $SLEUTH relaunched around a ~$50K FDV. It doesn't need to become the next AIXBT. $5M = ~100x from launch pricing. That’s the bet: a proven narrative that the market has already valued at hundreds of millions, now attached to a working product with a five-figure valuation. Extremely early, but the asymmetry is hard to ignore, especially as the adoption numbers are looking quite good.

The more I look at $ZOE, the more absurd the current valuation feels. Anti-AI sentiment is becoming a real cultural movement. 52% of Americans are more concerned than excited about AI; r/AntiAI has grown to 303K members (+670% YoY), and Zoe is already becoming one of the characters people associate with it. More importantly, people are spreading Zoe without needing the token. Zoe-inspired Reddit posts have pulled thousands of upvotes, with people creating fan art, memes, and even picking up a pencil again because of the original story. That onchain activity is starting to manifest the movement too: → Holders: 702 → 2,800+ in ~3 days → X followers: 104 → ~370 in 2 days → Volume: ~$2.4M → Market cap: ~$2M For context, $CHILLGUY peaked around $600M, and $GOAT reached ~$1.3B. $ZOE doesn't need to get anywhere close. $10M = ~1.7% of CHILLGUY's peak $25M = ~4% $50M = ~8% The thesis is pretty simple: AI keeps getting bigger → anti-AI culture gets bigger → Zoe becomes a recognizable symbol of that pushback.

$PUMP generated over $3M in a single day yesterday, making it the most profitable application (excluding stablecoins) within crypto. Memes are so back. https://t.co/4k4LLtKdxz

$PUMP generated over $3M in a single day yesterday, making it the most profitable application (excluding stablecoins) within crypto. Memes are so back. https://t.co/4k4LLtKdxz

I'll continue to highlight $PUMP, as the numbers look quite attractive compared to almost every protocol on the market today. - $PUMP trades at a P/S ratio: 2.6x, 30d revenue: $32.5M For context, what "expensive" looks like right now: - Chainlink: 110.6x P/S on $4.6M monthly revenue - Uniswap: 45.6x - Aave: 30.5x - PancakeSwap: 13.3x on $2.8M - Lido: 9.7x on $2.1M Pump is the only protocol above a $300M mktcap trading under 3x revenue.

The fact that @Pumpfun continues to put out numbers like these is just impressive. - DEX volume back to $20b, almost back to March highs. - $32M in revenue generated, the highest point since March. - $15.75M distributed to tokenholders $PUMP continues to trade at a 2.32x P/S. https://t.co/LfxsS7iLE9

The fact that @Pumpfun continues to put out numbers like these is just impressive. - DEX volume back to $20b, almost back to March highs. - $32M in revenue generated, the highest point since March. - $15.75M distributed to tokenholders $PUMP continues to trade at a 2.32x P/S. https://t.co/LfxsS7iLE9

Ondo Perps hit another ATH in daily volume. This is up from $79M three weeks ago, Monthly volume has crossed $3.98B (+198%) as it's live in 32 markets since the June 9 beta launch. The interesting part is that $ONDO’s current valuation is still based entirely on fees from its RWA business. Current market cap: $2.05B Current P/F multiple: 26.8x Now assume the market keeps that same multiple once perps begin generating fees: 2 bps take rate → $86M annualized fees → $2.31B implied market cap → 12.7% upside 5 bps take rate → $100.6M annualized fees → $2.70B implied market cap → 31.6% upside 10 bps take rate → $124.8M annualized fees → $3.35B implied market cap → 63.3% upside

Trump Accounts 🤝 $TA Fund

Great breakdown from my bros at @castle_labs below 💪 Has been brutal times of late in ze brypto world... However many projects continue to kill it in various areas... @Mantle_Official is a prime example, in terms of their focus on tokenized equities and RWA's... With the former, they've seen huge success as of late via @xStocksFi and @Fluxion_network... And then also in terms of the new Pre-IPO Vaults from @OpenstockInc... But yeah... there's a tendency to view Mantle as a really old chain/project, but this really isn't the case... They only celebrated their 3rd birthday last week... And in many regards are just getting started... Especially when we consider that they began as primarily an ETH L2 and have only really been focusing on this big outward pivot into new directions over the last year or two... But yeah, highly worth reading the below... Will also link to a couple other things that are noteworthy as well... Note: Just random thoughts however we do work with Mantle via @thedailydegenhq and I own quite a bit of $MNT and etc, so as always I am bias :) But yeah, I personally think the tokenized equities + RWA stuff is only going to continue to continue growing by leaps and bounds in the coming years, so will be interesting to see how Mantle's focus on these areas works out in that regard... And then yeah make sure to follow the absolute gigabrains at @castle_labs!

A total of 50 protocols list a buyback-and-burn mechanism in their income statement. But only 7 protocols were above the $1M/month mark this month. Here’s where July stands, month over month. 1. @HyperliquidX: $34.25M bought back in July, a drop of 42.9% from June's $59.96M. $HYPE Price is down 10.2% over 30 days and down 9.3% over the last 7. 2. @Pumpfun: $13.69M bought back in July, up 12.2% from June. $PUMP Price is up 29.5% over 30 days despite falling 8.2% in the last week. 3. @chainlink: $4.61M bought back in July, essentially flat against June's $4.60M. $LINK Price up 14.8% over 30 days. 4. @Lighter_xyz: $1.78M bought back in July, down 36.8% from June's $2.82M. $LIT Price still up 29.3% over 30 days. 5. @ponsdotfamily: $1.67M routed to buyback-and-burn in July. $PONS token is 15 days old 6. @JupiterExchange: $1.31M bought back in July, up 4.3% from June. $JUP Price down 7.0% over 30 days. 7. @PancakeSwap: $1.21M in buy-back-and-burn in July, down 43.3% from June's $2.13M. $CAKE Price is roughly flat, up 1.9% over 30 days and down 2.0% over the last 7. Buyback size and price direction aren't moving together.

You’re not bullish enough on $TA Great narrative, with the potential to escape the echo chamber of CT.

Something I've been thinking about when it comes to @EtherFi over the last few months. Everyone still talks about it like a liquid restaking token in a dying narrative. Meanwhile, the $ETHFI price is up 21% over the last 30 days, and nobody's really talking about why. It's early on the reprice imo, and it bounced where it should have. Here's the thing about ETHFI that a lot of people miss: it stopped being just a restaking bet a while ago, and it's now turned into a full-fledged DeFi Bank. Staking is still the base, ETH/BTC/stablecoin yield, sitting at 91% of the protocol's $3.64B in TVL. But Liquid (managed strategy vaults, $243.6M) and Cash (the non-custodial credit card, spend/collateral/borrow, $116.0M, plus a $148.4M Borrowing Market) are the parts actually generating the fees now. Trailing 365 days, that's $227.5M in fees and $52.5M in revenue on a protocol trading at a $407M market cap. If you run the numbers against just the part of the business that monetizes, you're at 0.80x. → On revenue alone, it's 3.04x P/F. So think about what you're actually holding here. A restaking token that everyone's still pricing like a dying narrative, sitting on a fee-generating business priced 3x cheaper than most of its peers, and the token's already up +21% this month. If restaking wakes back up even a little, or the market just starts pricing the Liquid/Cash side of the business properly, this doesn't stay at 3x for long. Some comparisons across peers: → Kelp, Renzo, and Puffer average around 5.6x. Apply that to $ETHFI's current fee run-rate, and the token reprices to roughly $1.30

Something I've been thinking about when it comes to @EtherFi over the last few months. Everyone still talks about it like a liquid restaking token in a dying narrative. Meanwhile, the $ETHFI price is up 21% over the last 30 days, and nobody's really talking about why. It's early on the reprice imo, and it bounced where it should have. Here's the thing about ETHFI that a lot of people miss: it stopped being just a restaking bet a while ago, and it's now turned into a full-fledged DeFi Bank. Staking is still the base, ETH/BTC/stablecoin yield, sitting at 91% of the protocol's $3.64B in TVL. But Liquid (managed strategy vaults, $243.6M) and Cash (the non-custodial credit card, spend/collateral/borrow, $116.0M, plus a $148.4M Borrowing Market) are the parts actually generating the fees now. Trailing 365 days, that's $227.5M in fees and $52.5M in revenue on a protocol trading at a $407M market cap. If you run the numbers against just the part of the business that monetizes, you're at 0.80x. → On revenue alone, it's 3.04x P/F. So think about what you're actually holding here. A restaking token that everyone's still pricing like a dying narrative, sitting on a fee-generating business priced 3x cheaper than most of its peers, and the token's already up +21% this month. If restaking wakes back up even a little, or the market just starts pricing the Liquid/Cash side of the business properly, this doesn't stay at 3x for long. Some comparisons across peers: → Kelp, Renzo, and Puffer average around 5.6x. Apply that to $ETHFI's current fee run-rate, and the token reprices to roughly $1.30

Your job for the rest of this quarter is to accumulate tokens of strong business with improving fundamentals, redirecting revenue back to tokenholders, and trading at a discounted valuation. My watchlist: - $PENDLE - $AERO - $AAVE - $SKY - $PUMP - $HYPE - $RAIL Any others I missed?

Your job for the rest of this quarter is to accumulate tokens of strong business with improving fundamentals, redirecting revenue back to tokenholders, and trading at a discounted valuation. My watchlist: - $PENDLE - $AERO - $AAVE - $SKY - $PUMP - $HYPE - $RAIL Any others I missed?

A look at the DeFi tokens $ETH has outperformed over the past month: - HYPE: -9.8% - ASTER: -1.2% - AAVE: +4.7% - SKY: +14.0% - MORPHO: +8.7% - ENA: +12.2% - JUP: -20.0% - CAKE: +4.1% - AERO: -5.9% - CRV: +6.4% - JTO: -25.6% - DYDX: -24.1% - LINK: +15.0% Even several DeFi tokens that finished the month green still failed to keep pace with ETH. Starting to feel like $ETH season.

A look at the DeFi tokens $ETH has outperformed over the past month: - HYPE: -9.8% - ASTER: -1.2% - AAVE: +4.7% - SKY: +14.0% - MORPHO: +8.7% - ENA: +12.2% - JUP: -20.0% - CAKE: +4.1% - AERO: -5.9% - CRV: +6.4% - JTO: -25.6% - DYDX: -24.1% - LINK: +15.0% Even several DeFi tokens that finished the month green still failed to keep pace with ETH. Starting to feel like $ETH season.

A look at the DeFi tokens $ETH has outperformed over the past month: - HYPE: -9.8% - ASTER: -1.2% - AAVE: +4.7% - SKY: +14.0% - MORPHO: +8.7% - ENA: +12.2% - JUP: -20.0% - CAKE: +4.1% - AERO: -5.9% - CRV: +6.4% - JTO: -25.6% - DYDX: -24.1% - LINK: +15.0% Even several DeFi tokens that finished the month green still failed to keep pace with ETH. Starting to feel like $ETH season.

Your job for the rest of this quarter is to accumulate tokens of strong business with improving fundamentals, redirecting revenue back to tokenholders, and trading at a discounted valuation. My watchlist: - $PENDLE - $AERO - $AAVE - $SKY - $PUMP - $HYPE - $RAIL Any others I missed?

Your job for the rest of this quarter is to accumulate tokens of strong business with improving fundamentals, redirecting revenue back to tokenholders, and trading at a discounted valuation. My watchlist: - $PENDLE - $AERO - $AAVE - $SKY - $PUMP - $HYPE - $RAIL Any others I missed?

$PUMP is up 59% over the past 30 days. The perfect example of a highly reflexive token on virality across the ecosystem. > 30d fees: $79.8M, up 27% month over month. > 30d revenue: $29.9M, up 13%. > 30d DEX volume on the app: $18.4B. Market cap sits at $851.7M, which puts $PUMP at a 0.89x P/F ratio. Recent catalysts line up too: → Ansem disclosed a long position last week near $0.0017. → Jimothy went viral, pulling fresh attention back to Solana. → A 57B token unlock hit 121 wallets on July 25, and price barely moved, which tells you something about how absorbed the float already is. This likely continues: fees are still outpacing the token price, the token trades at under 1x forward fees, and the market hasn't repriced the platform for what it's actually doing in volume right now. Bullish for the trenches imo.

$PUMP is up 59% over the past 30 days. The perfect example of a highly reflexive token on virality across the ecosystem. > 30d fees: $79.8M, up 27% month over month. > 30d revenue: $29.9M, up 13%. > 30d DEX volume on the app: $18.4B. Market cap sits at $851.7M, which puts $PUMP at a 0.89x P/F ratio. Recent catalysts line up too: → Ansem disclosed a long position last week near $0.0017. → Jimothy went viral, pulling fresh attention back to Solana. → A 57B token unlock hit 121 wallets on July 25, and price barely moved, which tells you something about how absorbed the float already is. This likely continues: fees are still outpacing the token price, the token trades at under 1x forward fees, and the market hasn't repriced the platform for what it's actually doing in volume right now. Bullish for the trenches imo.