Tokenomics & Valuation - Revenue sharing mechanisms establish a lower bound for token price declines, but may also cap potential upside [1] - Evaluating tokens solely on revenue can limit upside potential [1] - Ethereum ($ETH) experienced this limitation when transaction fees decreased [1] - The industry should focus on narratives beyond revenue for the most bullish tokenomics [1]

Token Valuation - Revenue share limits a token's upside potential, as evaluating a token based on revenue can restrict its growth [1] - Tokens without revenue can still trade at high valuations if they have a compelling narrative [1] Market Dynamics - Focusing on storytelling narratives is crucial for bullish tokenomics [1] - Uniswap ($UNI), despite giving 0% revenue share, trades at a $5 billion FDV (Fully Diluted Valuation), highlighting the power of narrative [1]

Token Potential - Uniswap has strong branding and product [1] - The token ($PUMP) has the potential for revenue sharing in the future [1] - $PUMP can trade at a high value even without revenue sharing [1]

$UNI gives 0% and still trades at $5B FDV.Tokens without revenue can still trade high if you have a great narrative to sell.Jack Kubinec (@whosknave):dudes on CT will ask why a business doesn't share 100% of revenue with holders of its cryptocurrency tokenthis industry man https://t.co/R9vKT7nIfN ...

RT DMH 🦇🔊🌊 (@DeFi_Made_Here)There is a non-zero chance that @0xfluid DEX will flip uniswap in volumes before v2 releaseIn the next 2 weeks we are releasing a new type of protocol on Fluid that will also operate as a DEX (v2 release is scheduled after the launch on Solana)V2 will become the biggest DEX by volumes this year yes or yes ...

Performance Comparison - Aave's price increased by 267% since last year, while Morpho's price increased by 8% [1] - Aave's Fully Diluted Valuation (FDV) is 350% higher than Morpho's [1] - Aave has 95% of its token supply circulating, compared to 32% for Morpho [1] - Aave has 100% of its tokens unlocked, compared to 17% for Morpho [1] Capital Efficiency - Each $1 of Aave's FDV supports approximately $370% of active loans, while for Morpho it supports approximately $170% [1] - Aave is nearly twice as capital efficient as Morpho when considering FDV relative to active loans [1] Tokenomics and Strategy - Aave is buying back $AAVE with real revenue [2] - Morpho is acquiring users through MORPHO emissions [2]

$ETH bulls are finally doing a good job hyping up the narrative. After years of cope.Ethereum has multiple bullish catalysts and still trades at just $2.6k, making it a great bet.I just hope $HYPE rips upwards violently before ETH does.I want to ride all the waves. ...

Partnerships & Synergies - Phantom and Hyperliquid are a good match, with Phantom providing the user interface Hyperliquid lacked [1] - Hyperliquid offers the backend infrastructure, while Phantom provides the user-facing application [1] - This composability positions Hyperliquid as superior to centralized exchanges (CEXs) [1] User Base & Market Focus - Hyperliquid's web interface is well-suited for DeFi professionals [1] - Phantom appeals to retail users, particularly those interested in memecoin trading [1] Liquidity & Growth - Increased adoption of Hyperliquid by front-facing apps will boost its liquidity [1] - Enhanced liquidity further attracts more liquidity to the platform [1]

RT Ignas | DeFi (@DefiIgnas)$INK will airdrop 1% of the token supply to $VRTX holders.Instead, Vertex will stop trading on all current EVM chains to launch a new protocol version for Ink.Weirdly, Vertex was a founding-member protocol on Polygon's new Katana chain.As an Opinionated DeFi chain, Katana decides where the funds and rewards flow to optimize for yield and liquidity.Vertex was one of the three protocols pre-selected, together with Sushi and Morpho.So, is Vertex going to Ink and ditching Katana? And ...

Industry Perspective - Critics have long dismissed crypto as a Ponzi scheme [1] - Early DeFi experienced liquidity games [1] - TradFi Crypto Treasuries might create large-scale Ponzi schemes [1]