ahboyash

The faster you learn how some founders can dump their team tokens during (and before) TGE

and that it’s not always the market maker’s fault

the easier it is to avoid losing money and be more selective with what you ape

:)

The faster you learn how some founders can dump their team tokens during TGE

and that it’s not always the market maker’s fault

the easier it is to avoid losing money and be more selective with what you ape

:)

What happened to

FHE
Restaking
zk-WASM
zk-EVM
zk-Coprocessors
zkML
Rollups as a Service (Raas)
Intents
Restaking
Shared Sequencers
Sovereign Rollups
Autonomous Worlds/ FOCG
Proposer–Builder Separation (PBS)
Preconfirmations

?

With all the new token launches going to zero, principles to remember
• A good project doesn't mean a good token
• A project has 2 products: the product and the token
• Project with revenue doesn't necessarily benefit token holders
• Big names in the cap table + fomo-ed fundraising doesn't mean the token does well
• Good product + narrative > tokenomics
• Exchange listings are not catalysts anymore
• Publicly published tokenomics information does not mean shit (if I have to explain to you...)
• Low float + sky-high FDV ≠ real demand

What matters
• Founders who pay attention to both the product and token
• Teams who pay attention to a proper token launch (float, MMs, liquidity, CEX negotiations)
• Founders that understand marketing, narrative, western + Asian GTM, KOL strategies
• Founders that bother with IR and actively pitch to funds post TGE
• Token flywheel, sinks and utility
• Direct value-capture loop (fees, burns, buybacks) from the business
• Effective community building
• Low token inflation (token unlocks)

Price is the best marketing.

Or just reach out to @mementoresearch ;)

The Litecoin of Solana

Robots are leaving the lab and coming on-chain. From @reborn_agi's “full-stack physical-AI enabler” to @PrismaXai “AWS for robot data".

I mapped 5 projects trying to own the machine economy, and possibly the trust gaps no one has solved yet.

- - - - -

1. Market topology
Infrastructure rails: @PrismaXai (data-validation & tele-op hub) and @reborn_agi (Humanoid Data Platform) are racing to become the “AWS + Unreal Engine” of embodied AI (we love this term now over "robotics").

Community-first flywheels: whereas the likes of @frodobots (@BitRobotNetwork + @SamIsMoving) and @xmaquinaDAO are playing more towards the retail co-ownership narratives (memes, DAO treasuries) to bootstrap robotic fleets.

Open collaboration layer: @openmind_agi positions itself as an OSS runtime + P2P network that any robotics project can plug into, using blockchain rails and natural-language buses for alignment.

- - - - -

2. Competitive edges
• Reborn AGI: hardware + sim moat
• PrismaXAI: data is king; scale governance to oversee crowdsourced validators
• Frodobots: viral growth, but hardware margins and safety liabilities (city regulations) loom
• XMAQUINA: treasury diversification hedges risk, yet DAO execution (strategies/investments) will be decisive
• OpenMind: wins mind-share with “shared intelligence” ethos, lowering integration friction via connectors

Projects still need to solve:
• On-chain liability cover, safety scoring or compliance attestation
• Inter-network liquidity and interoperability
• Real revenue verticals

- - - - -

Seeing a lot of narrative plays and demos online and at @superai_conf but the robotics-crypto stack is definitely maturing to (crypto) economic primitives.

With OpenMind adding an open runtime & identity fabric, the next breakthrough will come from whoever secures trust, liquidity and interoperability across these robotic fleets.

Crypto rules

As a trader, never post a screenshot of your PnL

As a founder, never post a picture of your token’s chart

As a VC, don’t write thought pieces on CT about your infra investments if you don’t know who the real founders are behind it

CEXes nehmen endlich Notiz und werden genehmigungsfrei: @coinbase, @binance und @Bybit_Official haben gerade einen "CEX-on-chain" Markt erobert:
• Coinbase: DEX-Handel + Verifizierte Pools
• Binance: Binance Alpha (kuratierte + sandboxed Tokens)
• Bybit: Byreal RFQ+CLMM

- - - - -

1. Coinbase | DEX-Handel + Verifizierte Pools
• @base-native Routing für alle On-Chain-Token, umhüllt mit KYC-verifizierten Pools, die Institutionen tatsächlich berühren können.
• Breite der DeFi + TradFi Regulierungsstandards, alles innerhalb der App, die Millionen bereits nutzen

2. Binance | Binance Alpha
• Eine kuratierte Sandbox von frühen On-Chain-Token (über Ethereum, BSC, Solana, Sui, Sonic)
• Entdeckungsplattform, auf der Nutzer diese kaufen können, ohne die Binance-App zu verlassen
• Pre-Listing-Spotlight, da einige Tokens zu einer ordentlichen Spot-Listung aufsteigen werden

3. Bybit | Byreal
• @solana-powered RFQ + CLMM-Router, der entwickelt wurde, um CEX-Spreads On-Chain zu replizieren
• Fair-Launch-Vaults und Ertragslayer, die von Tag eins an eingebaut sind, um Kapital zu binden

- - - - -

Abschluss
Diese zeigen, wie sich CEXes anpassen:
• Lösungen bauen, um CeFi und On-Chain-DeFi zu überbrücken
• Verifizierungs-/Vertrauensschichten zu DeFi hinzufügen (häufige Bedenken für die meisten, insbesondere Hacks und Rug Pulls) --> Menschen On-Chain innerhalb des Komforts einer Web2-App bringen
• Hybride Lösungen, die ihren Markenruf nutzen, während sie ihrer aktuellen Nutzerbasis zugutekommen
• Können die Volumina und den Schwung, den @HyperliquidX hat, nicht ignorieren
• Hält sich an die Internet Capital Market Thesis: Dezentralisierte, genehmigungsfreie Marktplätze, in denen Kapital direkt zu Bauherren, Kreativen und Ideen fließt --> das wird sofort und global sein
• Token-Preisfindung findet On-Chain statt (sehen Sie sich einfach Ihre Memes, AI-Tokens an)

Bauer benötigen On-Chain-Schienen, um auffindbar zu bleiben; Händler benötigen sie, um liquide zu bleiben.

Statt das Wachstum von DeFi zu bekämpfen, positionieren sie sich als (potenzielle) Tore zum ständig wachsenden On-Chain-Ökosystem.

1. Die @wardenprotocol Thesis
• Verifizierbare KI auf der Basisebene: ermöglicht Smart Contracts, Black-Box-Modelle aufzurufen und die Integrität ohne ZK- oder TEE-Überhead zu beweisen
• Intent-zentrierte UX + Any-Chain-Reichweite: Asynchrone verifizierbare Ressourcen verwandeln jede API oder Blockchain in ein aufrufbares Element, während duale EVM/CosmWasm-VMs und IBC/Hyperlane-Routing Ergebnisse überall hin pushen
• Wachstumsflywheel: Protokoll mintet PUMPS für jede Aktion eines Benutzers, wodurch der persönliche Token jedes Benutzers aufgebläht wird und ihr WARD-Airdrop-Anteil skaliert wird. Aktivität treibt Volumen → Agenten verdienen Gebühren → WARD erfasst Wert
• Ausgerichtete Token-Ökonomie: $WARD regiert das Protokoll und wird als Gasgebühren + Staking verwendet
• Partnerschaften gesichert mit @MessariCrypto und @mementoresearch

2. Was dich erwartet
a) Verdiene PUMPS, unterstütze deinen eigenen Token
• Jede Aktion in der Warden-App, vom Chatten mit dem Agenten, über Swaps, Stacking-Streaks bis hin zur Empfehlung echter Benutzer, mintet PUMPS
• Jeder PUMP hebt deinen persönlichen On-Chain-Token über seinen Startpreis von 1,00 $ und skaliert deinen Anteil am bevorstehenden WARD-Token-Airdrop
• Mehr Inhalte, mehr Transaktionen, mehr aktive Frens → größere Zuteilung für dich

b) Was zu tun ist
• Öffne die App, beginne zu interagieren, führe einen Handel aus und lade 3 Freunde ein, die es tatsächlich benutzen werden.
• Beobachte deinen PUMPS-Zähler (und deinen Token) in Echtzeit
• Frühe Benutzer werden wahrscheinlich den fettesten WARD-Drop sichern

Worauf wartest du? Fang an zu pumpen bei

2021 bull market vs 2025 bull market

XRPFi

A few @base ecosystem projects have been doing well lately

Think the reason for this IMO:
• Compared to Solana, definitely fewer tokens = concentrated on things with fundamentals
• Lesser attention + liquidity dilution
• Projects will try to align with base = @coinbase listing hopium
• People's edge in the Solana casino seems to be eroded, pivot to the Base casino with more PVE coins
• @pumpdotfun token https://t.co/8SxFsVtNP9 which will cause a liq vacuum on Solana

Did a few minutes of research to keep up to date with the eco, some projects that are doing well:
• @KeetaNetwork ($KTA)--> Visa-speed payment layer, wrapped in a KYC-ready L1
• @gizatechxyz ($GIZA) --> “Plug-in ML agents that trade, rebalance on-chain, use zkML for proves and trust-minimisation
• @tigfoundation ($TIG) --> Turns hard optimisation puzzles into open bounties where the best algorithm wins (+ gets paid)
• @Mamo_agent ($MAMO by @MoonwellDeFi) --> park USDC, grow yield, win prizes
• @ReiNetwork0x ($REI) --> Bridges AI to on-chain (hard logic; verifiable intelligence)
• @noicedotso ($NOICE) --> Attention is money, where every engagement (like, reply, or follow) becomes tokenised; social tipping

These are of course projs apart from the @virtuals_io ecosystem which I covered separately:

Two new (credit line) money markets have recently made headlines

• @3janexyz --> FICO-style consumer credit by @_yakovsky
• @WildcatFi --> toolbox for sophisticated trading desks to offer private credit by @functi0nZer0

- - - - - -

3Jane --> “Borrow Against the Future”
• Credit-based money market allowing U.S. retail users instant, unsecured credit lines
• Zero on-chain collateral
• Proprietary 3Jane Credit Algorithm (CA) underwriting engine analyses on-chain assets, off-chain cash flows and VantageScore data to estimate the credit line line
• Depositors supply USDC and receive USD3 (senior) or stake it for sUSD3 (junior, first-loss), while idle cash farms sweet @aave yield
• If a borrower defaults, the “Credit Slasher” slashes their score, redistributes late interest to healthy borrowers and auctions off the non-performing loan

- - - - - -

Wildcat --> “Build-Your-Own Private-Credit Market”
• Targets trading desks and funds that want bespoke on-chain credit terms.
• A whitelisted borrower deploys a vault, setting its reserve ratio , fixed APR, withdrawal cycle, grace period up-front
• Lenders deposit and receive a rebasing debt token
• If reserves dip below the floor past the grace period, a penalty APR kicks in until the borrower pays or lenders pursue off-chain enforcement
• Wildcat takes 0–10% of the base APR as protocol rev and lets borrowers determine KYC, size-minimums or other role-provider “hooks” for access control
• Largest under-collateralised credit protocol

TLDR: 3Jane imports consumer credit into DeFi while Wildcat offers instis a way to spin up custom credit lines. If both protocols are well managed, they can scale very fast (overcoming the traditional over-collat model in crypto)

Zwei Mindshare-Maschinen bauen auf @KaitoAI auf

• @stayloudio von @0x_ultra --> Handelsvolumen = tokenisierte Aufmerksamkeit --> Belohnungen für KOLs verdienen $LOUD
• @noise_xyz von @lucacseth @notgabo --> Handelsnarrative wie Perps

Die gleiche These: Aufmerksamkeit ist Kapital, aber unterschiedliche Ausführung

- - - - -

Loud ist ein reines Aufmerksamkeit-Flow-System
• Nutzer reden über $LOUD
• Kaito misst ihren Mindshare
• Die 25 aktivsten Nutzer der Woche verdienen SOL aus Handelsgebühren des Tokens
• Spekulanten handeln den Token --> dies finanziert die Auszahlungen
• Bringt unser geliebtes 3,3 zwischen KOLs und Händlern zurück
• Aufmerksamkeit ist das Ziel --> "Wer kann den meisten Hype erzeugen?"

Noise nimmt einen anderen Weg
• Kaito streamt Echtzeit-Trendindizes
• Nutzer gehen long/short auf den Trend, wie sie es mit einer Perp-Position tun würden
• Mindshare wird jetzt zu einem handelbaren, gerichteten Markt
• Aufmerksamkeit ist der zugrunde liegende Vermögenswert --> "Kannst du den Hype/Trend handeln, bevor er ausbricht?"

- - - - -

InfoFi wächst von einem Protokoll zu einem Ökosystem

Kaito wird nicht mehr nur als Datenebene betrachtet --> es ist ein Oracle, das neue Märkte und Lego-Blocks für interessante Primitives antreibt

Was Uniswap für Liquidität getan hat, macht Kaito jetzt für Aufmerksamkeit

Lass uns sehen, wer den Mindshare-Krieg gewinnt

der Krypto-Banter-Fluch :(

InfoFi Landscape Report

Narratives move faster than capital
Enter InfoFi --> the primitive that lets you bet on both

TLDR
InfoFi focuses on monetising attention, influence, and info, probably one of the more compelling narratives in crypto now.

Below I compare a few protocols: @KaitoAI, @cookiedotfun, @ethos_network, and @elfa_ai, each approaching the financialisation of digital mindshare from different angles.

These are platforms that structure and index high-signal info with an emphasis on measurable influence, data provenance, and actionable insights.

- - - - - -

1. Kaito ($KAITO)
• The Bloomberg Terminal for crypto narratives, using AI to process thousands of CT, Reddit, and Telegram posts into searchable summaries ("Yaps")
• Leaderboard system identifies top-performing accounts/wallets based on alpha calls
• Creates a powerful social filter for crypto research

2. Cookie ($COOKIE)
• Modular data layer for the agentic economy --> https://t.co/FVmBL8fOCG, tracks 1,500+ AI agents and their performance, powered by a backend called the Cookie DataSwarm.
• This infra feeds into Agent Cookie, a super-agent providing social + on-chain intelligence

3. Ethos
• Introduces a reputation graph for crypto, based on: Review, Vouch, Slash, and Influence.
• Aim is to create a social trust layer that DAOs, protocols, and community mods can use to filter credible contributors or defend against Sybil attacks

4. Elfa
• Sentiment engine indexing token mentions, KOL shills, and project/community updates in real time
• Token mindshare is tracked hourly and Smart Accounts are analysed which is filtered by alpha potential

- - - - - -

Personal Take
• Kaito dominates structured research workflows and integrations with projects
• Cookie leads in infra for AI agents
• Ethos builds foundational social trust infra for Web3 (reputation)
• Elfa captures narrative volatility and CT pulse

Same with DEXes/L1s/L2s, all will have competition as protocols imitate and try to one up each other.

we love green

@Tether_to
@virtuals_io
@KaitoAI
@cookiedotfun
@HyperliquidX
@mementoresearch

.@bonk_fun coins I think has legs

Useless
- As absurd as fartcoin ("just a useless coin")
- "I cant believe this useless coin went to $100m" is like akin fartcoin ripping
- Orginial lore/meta
- Letsbonk team incentivized to pump it + BonkGuy shilling it (main character arc)

@letsbonkdotai
- AI/MCP exposure + working terminal with a prompt
- Easy narrative: ai16z of Bonk eco
- Intuitive chat interface + agent-managed wallet

Another day another buzzword

Remember PayFi and restaking

Now its “Internet Capital Markets”

Emerging meme and narrative tied to Believe (@believeapp) —> platform that enables internet-native fundraising and token launches.

TLDR
• Decentralized fundraising and liquidity directly from internet-native companies/communities, without the need for VCs
• Launching tokens instantly via social platforms (like how projects are now launching on Believe with one click)
• A cultural shift where meme, momentum, and distribution > pitch decks and months of VC calls

Could spark the formation of a new asset class or market structure if traction picks up —> crypto-native, internet-native capital formation is now fast, public, and memetic.

$BERA looks good here

Developments
- Probably found a bottom at $2.6 after a huge retrace
- Valuation hovering at the last round fundraise
- No new supply hitting the market in the next 9 months
- The large overhang is done (Boyco)
- More projects to TGE + vibrant ecosystem (@InfraredFinance, @puffpaw_xyz, @EdenWeb3_Global, @KodiakFi)
- As more activity takes place on-chain, bribes and fees increase --> compounds --> accrues back to main token
- Smokey and team still actively on the ground talking to educate funds + strike partnerships with various teams
- Always seem to get max attention, be it from a satire video to some contrarian project the team onboards

Think some things the team have to work:
- Changing $BERA token narrative from just a pure farming token (pool 2) to getting it integrated more within the eco dApps
- Still quite complicated for retails to understand as there are many yield sources
- Potentially kingmake certain dApps and make sure they do well

Bought + invested in some projs mentioned above