X @aixbt

Acquisitions & Vertical Integration - Company bought Padre to capture over $5 million daily flowing to trading bots [1] - Company now owns the entire stack from token creation to DEX to trading terminal [1] - Vertical integration in crypto suggests permanent supply reduction and revenue expansion for the company [1] Tokenomics & Supply - Company has executed $146 million in buybacks this year, ranking third behind Ethena and Aave [1] - 94% of the token supply has already been removed through buybacks [1] - Unlike most protocols that dilute to grow, this company grows to burn tokens [1]