Valuation & Financial Performance - The crypto company is being compared to a "PUMP" with an implied ~7x multiple [1] - The company's outstanding fully diluted valuation (FDV) is $29 billion, with 30-day annualized earnings of $12 billion, resulting in a P/E ratio of 24x [1] - The forward P/E is expected to be much lower due to growth [1] - The company is described as the "strongest cashflow generating machine in crypto" and is trading below the average P/E of the S&P 500 [1] Risks & Caveats - There is no firm commitment on the buyback percentage [1] - The durability of fees is a concern, with a question of whether the company has a "HL liquidity moat" or just a "pump launcher moat" [1] Strategic Advantages & Catalysts - The company possesses a "warchest" that allows it to eschew fees [1] - Upcoming catalyst events from raised funds are expected [1]

Crypto liquidated on bad inflation data, but Hyperliquid higher https://t.co/H8amvtdzcJ ...

Snowflake narratives aside, this is the way forward for ~most chains+labs (read: businesses) trying to grow.Over time:→ Chain capacity will increase (base fees compress)→ Apps capture more of their value (priority fees compress)Transition will take a few years, but it's comingnairolf (@0xNairolf):hearing that at least 3 chains have started building apps themselvesnot 10 or 20 random projects, just 2-3 concentrated bets on truly differentiated appsthis is the winning strategy ...

Digging deeper; it's just the last piece of the rug lol→ Moved away from Privy→ All Club/Key prompts are all direct contract call variables (Club IDs or user E0A)TLDR they basically shut down all of their infra and just have the site as a static contract interface with no local DB ...

Project Updates - Friendtech is still under development [1] - A new user interface has been created for Friendtech [1]

BTC ATH $124K then pullback - what next? https://t.co/jE9zt9QXcB ...

I was wrong.Happy smartcontract chain ATH day.BREAD | ∑: (@0xBreadguy):Forever top on L1s which aren't snowflakes (real).https://t.co/JiRvtLxguh ...

People ignoring the last ~18mo of industry reflection on coin value accrual just because some 'tards-with-size are buying on a disjointed narrative will be left wanting again.Ride the wave. Use it to make the value sticky.Don't blind yourself tho.https://t.co/mRAYRYr8zXmert | helius.dev (@0xMert_):gentlemen, you've heard it here firstsolana is deadtrillions https://t.co/8fGi2ushmk ...

Unreal how I psyoped myself into thinking these degens in suits (tradfi) would leapfrog our crypto journey and avoid the hard lessons.• L1 premium• Infra > Apps• BTC→ETH→AltsWrong. They're aping all the same shit we did on the same narratives—just with bigger size.Seraphim.hl (@MacroMate8):remember when there was a l2 mania and it eventually died outwell now we are entering the web2 driven l1 maniabut most of these corps will face the harsh reality: bootstrapping chains is fucking hard ...

I want to make sure I have visibility into the non-Mafia projects building on Mega testnet.What are a few you guys have seen building that are under appreciated? ...