$299,000 goes to $UP lockers in 12 hours, for this week's revenue share.
A lock on up is a claim on the exchange's fees. It pays every week, in the tokens that were traded, and you never have to sell $UP to earn.
Lock up.
People don’t realize how important mcap/holders-rev ratio is. Especially for veDEXs.
If the ratio is too high, the asset is probably overvalued. Prices would most likely move down or the revenue has to catch up.
If the ratio is low, the asset is often undervalued (or dying). Prices would move up to close the gap, or revenue could drop too.
This is why I still think up-2:native is incredibly undervalued when < $1-3.
Currently the mcap/holders-rev ratio is only 0.61x.
While base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 is 8x and normally trades in the 5-15x zone.
But UP is newer than AERO so inflation is naturally higher currently even with dynamic emissions. This will naturally taper over time as a veDEX token matures.
With dynamic emissions live on day 1, $UP has the advantage of releasing less than 10% of what a normal older veDEX would emit (including AERO).
A good analogy is a highly profitable company that diluted too much of its shares early on (AERO) compared to another also highly profitable company who diluted much less of its shares in the early stage (UP).
It’s a no brainer as an investor to bet on the company that is not as diluted, especially when factoring in future growth.
This also means that UP has a huge advantage compared to AERO. Up can outbribe and give the best APR when going toe to toe with AERO because of the mcap/holders-rev ratio.
Yet most ppl still think UP will get crushed.
Even if UP’s mcap/holders-revenue ratio 3-5x from here because of inflation and a big pump. It would still have an advantage when looking at the fundamentals.
This is not even accounting for things like how UP is likely to grow its revenue much faster than AERO. This will be apparent when RH eco coins run.
I’m bullish on both projects but people need to stop fading UP imo.
Most won’t read all dis tho.
up is a native exchange built on Robinhood Chain.
A public good, created for the chain from day one.
Two months in: nearly $1bn traded, $1.6m+ in revenue to users.
Looking out for something like this to play out for the best DEX trading experience on @base
$ALB is currently printing daily bullish divergences which is a typical bottoming formation
Clear seller exhaustion, expecting a relief bounce if not a full on reversal for Q4
“Be fearful when others are greedy, and greedy when others are fearful". -Warren Buffett
I’ve been loading up on @AeroBudCoin which is hands the best meme coin on base! -Low mkcp at ~4 million
-their philanthropic approach to save animals
-the best community
#Crypto#Aerobud
$ALB available to purchase on @coinbase + DEX integration will create more volume for @AlienBaseDEX
More volume means more ETH rewards for ESALB stakers, which means more people would want to buy $ALB to stake $ESALB
👽🛸💫
@FinanceFreeman@base Having @AeroBudCoin on this could help spread the light about how this crypto has a goal of helping save animal lives around the world!
Over 40k donated, doxxed charity wallet, this is only the beginning! $aerobud $btc
DOMS Exclusive Plushie Mint Leaderboard 🏆
@MamabearK444 - 1
@Korbin_Klauck - 1
2 mints to take the lead!
Due to ETH's run we realized our mint prices ended up higher than intended. We’ve adjusted it to keep things fair.
(ends next Monday at 8pm est)
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