Aaroh Blockchain

Investing in high-conviction crypto tokens | Transparent. Permissionless. Built for the next cycle. 🔺

[Aaroh Blockchain @AarohBlockchain]

@pendle_fi 's TVL fell dramatically since the start of the year ($3.7B to now $1.5B though it has recovered since the Kelp hack) though the token is almost flat year to date.

[Aaroh Blockchain @AarohBlockchain]

We are down on our @megaeth position, however, we still continue to believe that the team has good ideas, even if execution has been somewhat poor.

We've increased our position and are following closely. MOSS launch seems near, but the Echo unlock also looms.

[Aaroh Blockchain @AarohBlockchain]

@jing0_ https://t.co/G1XnO27QDx

[Aaroh Blockchain @AarohBlockchain]

@pendle_fi 's TVL fell dramatically since the start of the year ($3.7B to now $1.5B though it has recovered since the Kelp hack) though the token is almost flat year to date.

[Aaroh Blockchain @AarohBlockchain]

This cycle, especially, we've seen that CEXs have been asking new tokens an arm and a leg to get listed.

With that known, credit should be given to token companies that have chosen not to play that game.

GRASS is perhaps one of the few examples of a token that had Tier-1 VCs, a multibillion dollar valuation, and real fundamentals that was never listed on Binance.

We continue to remain bullish $GRASS and believe this pump is only the beginning of its rerating.

@0xdrej is a generational founder.

[Aaroh Blockchain @AarohBlockchain]

it's Austin's world, we're just living in it.

what an insane run.

[Austin Barack @AustinBarack]

There are only 2 AI tokens generating over $50MM in annualized revenue. They are also both seeing triple digit growth rates that continue to accelerate.

Those continue to be my highest conviction AI positions by far and sit at the center of the AI megatrends.

$VVV and $GRASS

[Aaroh Blockchain @AarohBlockchain]

All these bottom signals on ETH, yet it feels impossible to buy.

[David Hoffman @TrustlessState]

Has there been a huge vibe shift in CT over the last 2 weeks, or was that just me selling the last of my ETH

[Aaroh Blockchain @AarohBlockchain]

Being early to coins that are hard to buy has always been a strong play.

odd exchanges -> onchain -> on odd L1s -> ordinals etc.

For mega caps, this thesis now applies to coins the suits aren't willing to touch.

Illegal coins like HYPE and ZEC. Maybe even TON.

[Aaroh Blockchain @AarohBlockchain]

It seems incredibly foolish to allocate to memes when it's not too hard to spot compounders in this market.

Let the giant sleep.

[Aaroh Blockchain @AarohBlockchain]

GRASS is one of the most obviously undervalued opportunities. If the team can show a bit of more transparency, we believe it can be among the top Crypto x AI projects.

[Austin Barack @AustinBarack]

Innodata stock ($INOD) is up 96% in the last week since reporting strong earnings with revenue hitting $90.1MM, beating analyst expectations. INOD is now trading at a $2.9B mcap.

What do they do? Data engineering for AI Labs.

More bullish than ever on $GRASS which is generating similar levels of revenue and growing faster than INOD.

[Aaroh Blockchain @AarohBlockchain]

Great report by @PanteraCapital, currently the most comprehensive snapshot of tokenization with great data insights though we would have liked to see their take on which sectors / industry would benefit from tokenization the most along with timelines on shift to undercollaterlised assets.

Gives the perspective of borrower more than the lender along with a roadmap to getting to native onchain primitives but we believe that need for high risk adjusted yields exists today and can be catered through Defi following a similar path to tokenization of public and private stock perps and hence are bullish @pendle_fi , @maplefinance , @centrifuge.

While hype and intention is real, adoption remains concentrated in stablecoins with volumes flowing top down from bluechip tradfi institutions bringing massive TVL though headlines have been way ahead of actual adoption curve.

[Pantera Capital @PanteraCapital]

Beyond the Digital Copy: What's Next for Tokenization?

Our research team developed a new index of 593 assets across a $320B market that reveals how far onchain finance still has to go.

Access the full report here:
https://t.co/eNKDSylULP

[Aaroh Blockchain @AarohBlockchain]

@0xSoju We love Met - would be keen to get added to the round table - https://t.co/sQWQMwoYdI

[Aaroh Blockchain @AarohBlockchain]

The investment case for @MeteoraAG

[Aaroh Blockchain @AarohBlockchain]

Pendle has been a beta play to overall crypto sentiment having rallied and experienced deep troughs during previous bulls and bears oscillating between $6 - $2. The markets were different in those cycles and with crypto moving towards having some semblance between cashflows and valuations, we believe that while it is difficult for Pendle to breach those levels, it can scale new highs due to catalysts such as the revised tokenomics with 80% value accrual to shareholders, clawback of Boros revenue, potential passage of CLARITY act, explosion in demand due to multiple RWA offerings and the need to provide higher yields through looping / speculation on variable returns of an instrument in light of low defi yields.

[Aaroh Blockchain @AarohBlockchain]

@pendle_fi 's TVL fell dramatically since the start of the year ($3.7B to now $1.5B though it has recovered since the Kelp hack) though the token is almost flat year to date.

[Aaroh Blockchain @AarohBlockchain]

With the impending passage of the CLARITY Act- great piece by Stacy - https://t.co/70Zr3bX1c3 , Pendle becomes a net beneficiary of operating as is by offering yield unlike the restrictions placed currently on stablecoin issuers and proposed on service providers such as exchanges. The UI/UX is still confusing, difficult for the common tradfi users to navigate and platforms such as @roycoprotocol maybe provide a better and clearer interace for this new type of risk capital that can hit the market in the near future.

[Aaroh Blockchain @AarohBlockchain]

The Venice team continues to deliver. We're long VVV

[Venice @AskVenice]

Voice Mode is now live on Venice.

Full voice conversation with web and X-search built in. Ask about today's news, dig into the details, pivot to something completely different. It doesn't miss a beat.

Available for Pro on web and in the mobile app.

[Aaroh Blockchain @AarohBlockchain]

Someone had to say it - death by a thousand cuts. Hard agree with him here - delay and decay go hand in hand for these mini defi protocols, after years of going through the memecoin and altcoin demolition (read not volatility! funny how the word for depreciation in most equity / tokens is called volatility) we as an industry should be able to stomach companies winding down due to lack of resources to realise their initial vision.

[Aaroh Blockchain @AarohBlockchain]

We had a small short on MEGA at the 0.18 range, which we closed at a small 10% profit.

Looking to long when the opportunity presents itself - MEGA has held up well and we expect it to do outperform most L1/L2s here on the back of multiple revenue streams + a growing ecosystem.

[Aaroh Blockchain @AarohBlockchain]

We feel that looping strategies while efficient turn some of the institutional players away from blockchain based solutions and should be packaged and presented in a simpler manner, such solutions are a big hurdle to risk averse retail that will be coming onchain via tie ups with large fintechs (SKY now being live Revolut) as the risk seeking retail is already here but the larger pie of the market continues to resist / skeptical of crypto.

We have only scratched the tip of the surface as global credit is a vast market with corporate and private credit representing a market of $60T. Defi will need to find a solution / recourse to provide a superior risk reward to insitutions via higher yields (through superior infrastructure) with lesser risk (exposure to hacks / no insurance would be a no go!)

[Aaroh Blockchain @AarohBlockchain]

Great report by @serotonin_hq / @Solofunk on The State of Onchain Credit.

We firmly believe that Financial Services is the main PMF at scale for blockchain at the moment though that is enough for large companies to emerge from the sector.

[Aaroh Blockchain @AarohBlockchain]

Tranching will only scale in light of the recent defi hacks as lenders look for recourse in a low yield / high risk hack environment should things turn south - @Corkprotocol is doing exactly that! Though not covered in the article, we are impressed by what @roycoprotocol is trying to do in the space.