In the age of crypto where most analysts have capitulated on doing real DD, @YanLiberman has been prolific and thorough DDing $GRASS
He's walked me through the thesis and rebuttals a dozen different ways. Not fading.
No equity company sits above $GRASS. The token is the asset.
@0xdrej on how Grass is structured and why it matters for holders
The Grass Foundation is ownerless, faces every customer and owns all the IP. Wynd Labs is a service provider to it, approved by directors with no stake in Wynd, and the Wynd team are token holders themselves
Grass also owns its infrastructure, where most web access startups rent it. Every dollar reinvested makes the network better instead of paying vendors more
They’ve been shipping products one at a time, so I asked what he’d do with a war chest. His answer was to run every initiative at once
“Our mission for Grass is for Grass to become the way in which AI accesses information”
Topher retweeted
🆕The highly anticipated Anthropic ($ANT) pre-IPO perpetual from @tradexyz on @HyperliquidX is now live on WSL HYPE <GO>:
Topher retweeted
TIL Uniswap's treasury sells 43M worth of tokens per month
what kind of work do they need to fund there
This quoted post is unavailable.
Topher retweeted
The fact that growing revenue is still viewed as a "narrative" and not "obviously the only thing that matters when making an investment" shows how badly the VCs, Coinbase/Binance, the media, and Bitcoin-only shops corrupted the brains of crypto users, investors, and casual observers.
Hard to believe a cohort of investors still own and shill inflationary tokens (like L1s or L2s) that accrue no economic value from the applications built upon the chain, or memecoins, or "currencies" when there are real businesses with good tokenomics available to the masses.
The investable universe is small and not hard to research ar.ca/blog/the-four-ways-to-…
ar.ca/blog/the-new-crypto-al…
Revenue has been one of the strongest narratives this year.
People will buy tokens of projects that actually make money.
Top 15 projects by revenue in 2026:
@HyperliquidX - $HYPE - $526.7M
@pumpfun - $PUMP - $390.5M
@Collector_Crypt - $CARDS - $90.4M
@edgeX_exchange - $EDGE - $86.8M
@aeroxyz - $AERO - $66.8M
@aave - $AAVE - $62.0M
@papertrade_xyz - $PAPER - $58.4M
@Uniswap - $UNI - $57.7M
@JupiterExchange - $JUP - $55.8M
@chainlink - $LINK - $47.5M
@PancakeSwap - $CAKE - $43.1M
@MeteoraAG - $MET - $35.8M
@Lighter_xyz - $LIT - $34.6M
@ether_fi - $ETHFI - $33.4M
@ponsdotfamily - $PONS - $28.3M
This is one of the easiest crypto narratives to understand.
You don’t need to decode a whitepaper to see that people are paying to use a product.
The next thing I look at: how much of that revenue flows back to the token.
Here’s how the top 15 changed throughout the year ↓
We 100% support @Blockworks’ comment letter on the SEC’s Regulation Crypto Assets proposal. Transparency is crypto’s #1 problem, and solving it is table stakes if this industry wants a future.
We 100% support @Blockworks’ comment letter on the SEC’s Regulation Crypto Assets proposal. Transparency is crypto’s #1 problem, and solving it is table stakes if this industry wants a future.
Hypothetically... how does one kick off said process
BREAKING: President Trump reveals his new anti-fraud program set up to reward people who expose fraud with a 1% commission on the money uncovered.
"If you turn somebody in and you, let's say report and you find $1 billion, we are giving a commission to that person of 1%."
Readers added context they thought people might want to know
DOJ's published guidance caps individual whistleblower rewards at up to $30,000 per tip, not an uncapped 1% of fraud uncovered, with a total program fund of $25 million. A $1 billion fraud tip would not yield a $10 million payout under the official program rules. newsweek.com/trump-vance-of… foxnews.com/politics/trump…
Topher retweeted
MAYBE I WAS WRONG ABOUT BLOCKCHAIN TECHNOLOGY
I wrote about how I always used to make fun of the guys who said things like "Bitcoin is speculative, but the underlying blockchain technology is interesting." And now I think maybe they kinda had a point.
The posts I see on CT about the @aeroxyz upgrade only mention the cross-chain expansion
Most analysts are totally unaware of the major economic upgrades that will drive its dominance
New rev lines, new buybacks, more efficient emissions, 8-9 figs MEV capture, low inflation
New article on the Aero economy is LIVE ✈️
From an analysis of Slipstream's upgraded Dynamic Fees module to Gauge Caps that will allow the rate of LP rewards to surge with volatility and risk, and much more.
Get ready for launch, and read below👇
aero.xyz/articles/the-aero-e…
Topher retweeted
I think all of the buy the rumor sell the news $AERO traders have already exited ahead of tomorrow's launch.
Looks like the traders that actually realize what is about to happen are now front-running the fundamentals
Saylor can try to play it off as much as he wants but $2B+ of MSTR selling from getting delisted is real
Topher retweeted
Aero is launching next week, here are six of the analytics I will be looking at to see how large of an impact this upgrade makes to AERO and sAERO allocators.
I don't understand the hate on @altcap
If your inv strategy is make or break on VC influencer bullish propoganda ad infinitum... stop
Topher retweeted
1/ Hyperliquid generated $716M in revenue over the last 12 months and is growing rapidly.
One protocol runs the largest liquid-staking token on the chain, runs a perp/spot exchange on top of it, and plans to launch Hyperliquid's first L2.
A thread on $KNTQ 🧵
Why did memecoins on RH only last 2-3 weeks this time around?
The Euthanasia Roller Coaster explains the path for markets that hold no true value
More and more people figure out the game over time--resulting in shorter and lower upside runs
So many ppl round tripping their gains "social trading" stuck in the prisoners dilemma of...
"If I sell, everyone has alerts on my fomo and front run me. If I don't sell, I'm the exit liq."
You either screw 100s of ppl over or you're the exit liq... not a game im interested in
Kicks off in 10 days
Blockworks research estimating $AERO's internalized MEV product could generate $100-$200MM per year in additional revenue.
Better execution drives more volume drives more profitability for LPs drives more liquidity drives more volume.
AERO growth post Ethereum mainnet deployment is going to look very obvious in retrospect