Allen.C | TAP🚰

$trac $tap #OCM

[Zephyr @zephyr_z9]

What's happening in the MLCC market

First off, MLCC as a whole is a $15B market. MLCCs for servers were a $1.3B market in 2025 ($600m for AI servers, $700m for general servers)
The AI server MLCC market is growing at 80%+ CAGR, and the general server MLCC market will also accelerate due to agentic AI increasing CPU demand (around 30%-40% CAGR)
We will see negative growth in the smartphone/mobile MLCC market for at least 2026-27.
Humanoids are another future high-growth market for MLCCs
Book-to-bill ratio for most MLCC suppliers is over 1 now

Reasons for price hikes-
High Nickel & Silver are affecting all segments
There is a supply-demand mismatch in the high-end (high capacitance, high voltage) segment, which is used in autos & servers
High-end MLCC lead time is over 20 weeks
Spot/distributor prices have increased by 20%-40% for low capacitance & consumer device MLCCs due to hoarding and double booking, especially in China
OEM contracts have not seen large price hikes yet

What's happening now:
Rapid capacity expansion happening across the industry
Murata expects blended ASP prices to remain flat (ASP going down in consumer electronics, expansion in AI server market)
Tier 1 players like Murata, Taiyo Yuden, SEMCO building capacity to serve AI server MLCC market
This will create opportunities for Tier 2/3 and Chinese suppliers to expand in the mid to low end market (Macronix effect)

Future:
MLCC production equiment & raw materials suppliers will be the biggest beneficiary of this CAPEX boom
MLCC producer stocks have performed well, and it is finally spilling to raw material/equipment producers
I expect them to outperform MLCC producers now

[Convequity @convequity]

Soitec Photonic SOI: $780M Bottom-Up vs Goldman $91B CPO Top-Down (~$500M in 2028)

At Convequity we built a waterfall model on GS’ $91B cumulative CPO TAM (2026-28) to forecast $SOI's 2028 revenue. 73% lands in 2028 → hyperscalers pay Layer 5 $66.4B.

Math (per $1 hyperscalers pay to L5):
• L5 spends 35% → L4 $0.35
• L4 spends 65% = $0.2275 (only ~40% of that spend goes to PIC dies — rest leaks to lasers/FAUs/test/yield → $0.091 to foundries)
• L3 spends 55% = $0.050
• 15% of that to Soitec SOI wafers = $0.0075 (0.75%)

→ $1 spent by hyperscalers at Layer 5 results in just $0.0075 with Soitec → ~$500M in 2028 revenue from CPO alone (0.75% * $66.4B).

Our prior bottom-up base case (quoted in the article) already showed $780M total AI-optics (current run-rate ~$120M). The upside for Soitec is tremendous.

Full model attached.
#Soitec #CPO

[Allen.C | TAP🚰 @AllenCh88116352]

@aleabitoreddit I think the GS might got the ticker wrong, should be 8147 actually

[Benson Sun @BensonTWN]

剛剛轉了一半山寨倉位去大餅

一個知識點：歷史上所有 BTC 的大頂， Bitfinex 相對其他USD 交易所都是折價（大底則是溢價）

BTC 在 Bitfinex 出現折價之前，高機率都還能往前衝

[Starnet @Starnet]

NOT GAMING ADVICE

Starbase is the premier missions platform showcasing the best playable games across web3.

Play. Compete. Earn Gems.

Starbase is the first app within Starnet, a decentralized ad network powering the $100+ billion spent per year on UA.

[Allen.C | TAP🚰 @AllenCh88116352]

@utxo_giovianni @btcmonsters @aw4mf @William_fng @aidenngwc

[Gio @whalegio]

🚨Huge giveaway🚨

To reward the biggest movement on Twitter we giveaway 1 million $dog tokens! ($6500)

No $mother and no $tate they both suck

How to enter:
Like, retweet and tag 3 friends
Follow @btcmonsters

Winner in 48 hr

[Trac Network @TracNetwork]

𝐄𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦 𝐕𝐚𝐥𝐢𝐝𝐚𝐭𝐨𝐫 𝐏𝐨𝐨𝐥 𝐢𝐬 𝐎𝐩𝐞𝐧! 🙌

You have 𝟕𝟐 𝐡𝐨𝐮𝐫𝐬 to deposit $TRAC into the pool and secure your share of all future rewards!💰

The final milestone is 888,888 $TRAC, and once that is reached, a bonus of 100K $TAP will be unlocked for the pool! 🔥

🔗Link to participate below 🔽

[Allen.C | TAP🚰 @AllenCh88116352]

@tap_protocol $TAP

[TAP Protocol @tap_protocol]

𝐄𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦 𝐕𝐚𝐥𝐢𝐝𝐚𝐭𝐨𝐫 𝐏𝐨𝐨𝐥 𝐢𝐬 𝐎𝐏𝐄𝐍! 🔥

For the next 72hrs, you can swap $TRAC tokens to purchase a share of the ecosystem validator pool!

There is a hard-cap of 1 Million $TRAC, so act fast to guarantee your share of the pool rewards FOR LIFE! 🏃‍♂️💨

𝐈𝐌𝐏𝐎𝐑𝐓𝐀𝐍𝐓
Only send $TRAC from supported wallets such as Xverse, Unisat, Leather, OKX. NOT from an exchange!

Swap link below👇

[Allen.C | TAP🚰 @AllenCh88116352]

@Syed_VIP07 🫡

[Jason Fang @JasonSoraVC]

As lead investor, @soraventures is incredibly proud of ecosystem that @tap_protocol have built. Whereas a lot of ecosystems have produced memes, @tap_protocol attracted developers who are looking to build utility on BitcoinL1 via Ordinals Protocol. We’ve seen the rise of DMT, the NFT craze around @dmtnatcats, and the fungible token opportunities that enables cheaper bulk airdrop for community development. Tap is still early, and have a list of ambitious goals they want to achieve like creating an ecosystem for OrdFi, and the creation of a fully functional decentralized indexer economy. These agendas, is what make @tap_protocol unique. Looking forward to seeing more collaboration down the road, and really appreciate @CoinList for bringing more users to BitcoinL1.

[Allen.C | TAP🚰 @AllenCh88116352]

@William_fng Yessir🔥🔥🔥🔥

[TAP Protocol @tap_protocol]

𝐓𝐀𝐏 𝐱 𝐈𝐂𝐏 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 🤝

We are incredibly excited to announce our partnership with ICP (@dfinity), to create a trust-minimised bridge between Ethereum and TAP Protocol! 🔒

This historic partnership enables Bitcoin to interact with Ethereum's robust DeFi ecosystem, so users can either manage their TAP Protocol assets directly on Ethereum, or utilise their Ethereum assets on TAP and benefit from the protocol’s unique 𝐎𝐫𝐝𝐅𝐢 features. ⛓️↔️⛓️

Whatever your preferred ecosystem, we believe that you should be able to take your assets with you, and benefit from services and liquidity within both. 🙌

By utilising ICP's Chain Fusion Technology, we're unlocking new opportunities for digital assets, and we’re inviting you on the journey with us.

Stay tuned, as we will be announcing the MVP release of the bridge very soon! 👀

[Leonidas 🧡 $DOG @LeonidasNFT]

Reply with a 🫡 if you're still holding your $DOG and Runestone

[TAP Protocol @tap_protocol]

🔥𝐓𝐀𝐏 𝐓𝐨𝐤𝐞𝐧 𝐋𝐚𝐮𝐧𝐜𝐡 𝐨𝐧 𝐂𝐨𝐢𝐧𝐋𝐢𝐬𝐭 𝐢𝐬 𝐋𝐈𝐕𝐄🔥

🥂$TAP token launch, the first Bitcoin L1 project launch on @CoinList starting today!

The TAP protocol team is honored to be on this journey to push the edge of innovation on the Bitcoin Network with our community!

*Not available to US&CA users
#Bitcoin #bitcoinordinals #ordinals #trac #tap #tapprotocol #tracsystems

[Allen.C | TAP🚰 @AllenCh88116352]

@trac_btc lets go

[Trac Network @TracNetwork]

𝐄𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦 𝐕𝐚𝐥𝐢𝐝𝐚𝐭𝐨𝐫 𝐏𝐥𝐞𝐝𝐠𝐞 & 𝐀𝐥𝐥𝐨𝐰𝐥𝐢𝐬𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲

We've published details about an opportunity to get on the allowlist for our upcoming TAP token launch through our Ecosystem Validator Pool.

Find out about the following:
🔶 Maximum amount of Trac for pool
🔶 Milestones to unlock extra incentives
🔶 Deposit pledge form

[Allen.C | TAP🚰 @AllenCh88116352]

@trac_btc lets go

[Trac Network @TracNetwork]

🔥𝐕𝐚𝐥𝐢𝐝𝐚𝐭𝐨𝐫 𝐏𝐨𝐨𝐥 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐎𝐩𝐞𝐧𝐢𝐧𝐠🔥

The Ecosystem validator pool contribution opens on May 30th at 14:00 UTC

Don't miss the opportunity to share in the massive rewards to incentivize $TRAC validators and decentralization.

⛔No min/max contribution
📈Hard cap 1 M $TRAC
🎁Rewards APY from ecosystem project for life
💰725KUSD worth of validator rewards incentive for grab in $LPUNKS, $FOXXI, $SPOOKY, and $TAP

#tapprotocol #ordinals #bitcoin #btc #crypto