Wall Street is coming onchain
2027 is the year of tokenization
Protocols positioned to win:
$HYPE - @HyperliquidX
$LINK - @chainlink
$UNI - @Uniswap
$ENA - @ethena
$AAVE - @aave
$ONDO - @OndoFinance
$LIT - @Lighter_xyz
$AERO - @aeroxyz
$RAY - @Raydium
$DRV - @DeriveXYZ
$PENDLE - @pendle_fi
$BP - @Backpack
Wall Street is coming onchain
2027 is the year of tokenization
Protocols positioned to win:
$HYPE - @HyperliquidX
$LINK - @chainlink
$UNI - @Uniswap
$ENA - @ethena
$AAVE - @aave
$ONDO - @OndoFinance
$LIT - @Lighter_xyz
$AERO - @aeroxyz
$RAY - @Raydium
$DRV - @DeriveXYZ
$PENDLE - @pendle_fi
$BP - @Backpack
Revenue means nothing if it doesn’t reach holders
These protocols are actually buying back their tokens
Top 15 by buybacks:
$PONS - @Ponsdotfamily
$PUMP - @Pumpfun
$EDGE - @edgeX_exchange
$RAY - @Raydium
$CAKE - @PancakeSwap
$LDO - @LidoFinance
$LIT - @Lighter_xyz
$HYPE - @HyperliquidX
$UNI - @Uniswap
$SKY - @SkyEcosystem
$JUP - @JupiterExchange
$VVV - @AskVenice
$LINK - @chainlink
$RENDER - @rendernetwork
$NEAR - @NEARProtocol
Revenue means nothing if it doesn’t reach holders
These protocols are actually buying back their tokens
Top 15 by buybacks:
$PONS - @Ponsdotfamily
$PUMP - @Pumpfun
$EDGE - @edgeX_exchange
$RAY - @Raydium
$CAKE - @PancakeSwap
$LDO - @LidoFinance
$LIT - @Lighter_xyz
$HYPE - @HyperliquidX
$UNI - @Uniswap
$SKY - @SkyEcosystem
$JUP - @JupiterExchange
$VVV - @AskVenice
$LINK - @chainlink
$RENDER - @rendernetwork
$NEAR - @NEARProtocol
Data from @DefiLlama
% of supply bought / yr = (last 30d buybacks × 12) ÷ circulating market cap
Only protocols with >$100M market cap
Protocols that pass bought tokens to stakers are excluded
$ZEC went vertical
Now everyone thinks privacy = ZEC
The sector’s way bigger than that:
Privacy coins
$ZEC - @Zcash
$XMR - @monero
$ZANO - @zano_project
$ARRR - @PirateChain
Large-caps with a privacy layer
$LINK - @chainlink
$NEAR - @NEARProtocol
Shielded pools / Private DeFi
$RAIL - @railgun_project
$MASK - @nullmaskio
Confidential compute
$ZAMA - @zama
$RLC - @iEx_ec
$ARX - @ArciumHQ
$NIL - @nillion
Privacy-first L1s / App chains
$NIGHT - @MidnightNtwrk
$BDX - @BeldexCoin
$ZEN - @horizenglobal
$ROSE - @OasisProtocol
Payment coins with optional mixing
litecoin:native - @litecoin
$DASH - @Dashpay
decred:native - @decredproject
$ZEC went vertical
Now everyone thinks privacy = ZEC
The sector’s way bigger than that:
Privacy coins
$ZEC - @Zcash
$XMR - @monero
$ZANO - @zano_project
$ARRR - @PirateChain
Large-caps with a privacy layer
$LINK - @chainlink
$NEAR - @NEARProtocol
Shielded pools / Private DeFi
$RAIL - @railgun_project
$MASK - @nullmaskio
Confidential compute
$ZAMA - @zama
$RLC - @iEx_ec
$ARX - @ArciumHQ
$NIL - @nillion
Privacy-first L1s / App chains
$NIGHT - @MidnightNtwrk
$BDX - @BeldexCoin
$ZEN - @horizenglobal
$ROSE - @OasisProtocol
Payment coins with optional mixing
litecoin:native - @litecoin
$DASH - @Dashpay
decred:native - @decredproject
Revenue is the new narrative
Crypto’s finally at the point where earnings matter
Top 12 protocols by P/E:
$PUMP - @Pumpfun
$MET - @MeteoraAG
$RAY - @Raydium
$ORCA - @orca_so
$LDO - @LidoFinance
$SKY - @SkyEcosystem
$LIT - @Lighter_xyz
$ETHFI - @ether_fi
$SYRUP - @maplefinance
$JUP - @JupiterExchange
$CAKE - @PancakeSwap
$HYPE - @HyperliquidX
Revenue is the new narrative
Crypto’s finally at the point where earnings matter
Top 12 protocols by P/E:
$PUMP - @Pumpfun
$MET - @MeteoraAG
$RAY - @Raydium
$ORCA - @orca_so
$LDO - @LidoFinance
$SKY - @SkyEcosystem
$LIT - @Lighter_xyz
$ETHFI - @ether_fi
$SYRUP - @maplefinance
$JUP - @JupiterExchange
$CAKE - @PancakeSwap
$HYPE - @HyperliquidX
* Data from @DefiLlama
* Forward P/E: market cap ÷ (last 30d earnings × 12)
* Only protocols with > $100M market cap
* Top 4 are all on Solana because of the recent onchain season; on full-year earnings they’d look less cheap
Top 3 Across 10 Sectors:
Privacy: $ZEC, $XMR, $ZAMA
Perp DEX: $HYPE, $LIT, $ASTER
Private AI: $VVV, $NEAR, ethereum:0x6c5ba91642f10282b576d91922ae6448c9d52f4e
RWA Infrastructure: $PLUME, $LINK, $CFG
AI Inference: $ORBIO, solana:nosXBVoaCTtYdLvKY6Csb4AC8JCdQKKAaWYtx2ZMoo7, $SURPLUS
Tokenization: $ONDO, $BP, $UNI
DePIN: solana:rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof, $FIL, $PEAQ
AI Infrastructure: $TAO, $0G, $IO
DeFi: $UNI, $PENDLE, $AAVE
Onchain: $PUMP
Top 3 Across 10 Sectors:
Privacy: $ZEC, $XMR, $ZAMA
Perp DEX: $HYPE, $LIT, $ASTER
Private AI: $VVV, $NEAR, ethereum:0x6c5ba91642f10282b576d91922ae6448c9d52f4e
RWA Infrastructure: $PLUME, $LINK, $CFG
AI Inference: $ORBIO, solana:nosXBVoaCTtYdLvKY6Csb4AC8JCdQKKAaWYtx2ZMoo7, $SURPLUS
Tokenization: $ONDO, $BP, $UNI
DePIN: solana:rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof, $FIL, $PEAQ
AI Infrastructure: $TAO, $0G, $IO
DeFi: $UNI, $PENDLE, $AAVE
Onchain: $PUMP
RHC is still ridiculously early
A few alts can grow into billions
My top 6 rn based on tech, team, and roadmap
A: $ORBIO
Marketplace + API gateway for discounted AI inference credits
Hold/stake ORBIO → earn CREDIT → trade or activate → spend on AI inference
B: $INDEX
Index is a growing tokenized asset ecosystem: Indices turns protocol fees into stock rewards, buybacks, or liquidity; Blend lets anyone build and trade ETF-like baskets;
Revenue across the ecosystem flows back into INDEX
C: $UBIK
Product not revealed yet — appears to be a persistent data/memory layer for AI agents that pulls context across platforms and serves it back when needed
Built by @aixbt_agent dev
D: $ZZZ
The coordination layer for AI agents & humans, members propose ideas, AI turns them into structured tasks, and humans or agents execute them
GMX dev behind it
E: $PRISM
RWA marketplace + DEX for finding and trading tokenized stocks, treasuries, gold, real estate etc., with asset verification, aggregated liquidity/routing, and LP rewards built in
F: $PROLOGUE
A Uniswap v4 DEX where each asset pair gets its own market logic, protocol dynamically adjusts swap fees depending on volatility, time and market sentiment, pricing risky assets more efficiently
RHC is still ridiculously early
A few alts can grow into billions
My top 6 rn based on tech, team, and roadmap
A: $ORBIO
Marketplace + API gateway for discounted AI inference credits
Hold/stake ORBIO → earn CREDIT → trade or activate → spend on AI inference
B: $INDEX
Index is a growing tokenized asset ecosystem: Indices turns protocol fees into stock rewards, buybacks, or liquidity; Blend lets anyone build and trade ETF-like baskets;
Revenue across the ecosystem flows back into INDEX
C: $UBIK
Product not revealed yet — appears to be a persistent data/memory layer for AI agents that pulls context across platforms and serves it back when needed
Built by @aixbt_agent dev
D: $ZZZ
The coordination layer for AI agents & humans, members propose ideas, AI turns them into structured tasks, and humans or agents execute them
GMX dev behind it
E: $PRISM
RWA marketplace + DEX for finding and trading tokenized stocks, treasuries, gold, real estate etc., with asset verification, aggregated liquidity/routing, and LP rewards built in
F: $PROLOGUE
A Uniswap v4 DEX where each asset pair gets its own market logic, protocol dynamically adjusts swap fees depending on volatility, time and market sentiment, pricing risky assets more efficiently











