Defi Peace

Crypto & Web3 trader | DeFi | Market insights .Documenting My journey

[Defi Peace @DefiPeace_]

Onchiain analyst will make the most.

You just need to copy the right trade at the right time.

But what's Onchiain analysis?

Here's a breakdown of everything you should know. (How to analyze Onchain data)

[Kiojame @Kiojame_]

There are two kinds of trade calls.

The ones that tell you to buy something, and the ones that tell you why, at what price, and what would prove them wrong.

First Take on @midasmarketsxyz is the second kind.

Every analysis comes with an entry, a target, a stop and the thesis behind it.

I walked through how I actually use it in this video

[Noob🩷 @mareeiaam]

Anyways stop agreeing with me, & the strange new 80 followers from morning I’m hoping one of you is in a cabal that can say, noob fund $1k let’s take you to 10k by 1/10 🌚
You people turning $10 to 2k, I offer myself as tribute , experiment with me joooor 🤭
I have liquidity 😒

[Kiojame @Kiojame_]

https://t.co/Z3BESTThm6

[Shep🖌🐾 @ Furpoc 2026 @ShepGoesBlep]

Game of the year

[Kiojame @Kiojame_]

.@Pumpfun generated $240M in annualized revenue. @Uniswap generated $40.5M.

At first glance, https://t.co/hvRyPtgPpD looks like the larger business.

Yet Pumpfun trades at 5.7x holder cash flow, while Uniswap trades at 45.6x.

Revenue alone doesn’t explain the difference.

The answer lies in how much of that revenue reaches token holders and what investors are paying for that claim.

➠Revenue and price are not the same thing

A protocol can process billions in trading volume and generate millions in fees while its token captures none of that value.

Protocol revenue is income generated from trading fees, lending spreads, liquidation fees, transaction fees, or other services.

How that revenue is used is a separate design decision.

A protocol can distribute it to token holders, use it for buybacks, send it to the treasury, burn tokens, or keep it entirely separate from the token.

The business may thrive while the token has no claim on its cash flow.

So the first question isn’t, “How much revenue did the protocol generate?”

It’s, “How much of that revenue reaches token holders?”

That’s the number that matters when valuing the token.

➠Real revenue vs manufactured yield

The source of a yield matters as much as the yield itself.

Fee-funded yield comes from real economic activity. Users pay fees, and part of those fees flows back to holders.

Emission-funded yield works differently. Instead of distributing earnings, the protocol prints new tokens and gives them to holders.

The yield may look attractive, but it depends on new buyers continually absorbing the growing supply.

Whenever you evaluate a revenue-generating token, ask where the cash flow comes from.

@HyperliquidX funds buybacks with trading fees.

@pendle_fi distributes revenue generated entirely from protocol fees.

Neither relies on token emissions to manufacture yield.

➠The market cap you’re looking at may be the wrong one

Most investors compare revenue against Market Cap or FDV.

Neither necessarily reflects the claim current holders have on protocol revenue.

Imagine a protocol where only 10% of the token supply currently qualifies to receive revenue while the remaining 90% is still locked or vesting.

Effective Market Cap values only the tokens currently entitled to holder revenue.

FDV assumes every future token already exists.

Take a token with an Effective Market Cap of $87.6M and Annualized Holder Revenue of $19.2M.

Its Holder P/FCF is 4.6x, which appears inexpensive.

But if the protocol’s FDV is several times larger, that same revenue will eventually be shared across far more tokens, making the FDV multiple much higher.

Neither valuation is wrong.

Effective Market Cap tells you what today’s eligible holders are paying.

FDV tells you what the entire future supply is worth relative to today’s cash flow.

➠How value reaches token holders

Protocols don’t all return value the same way.

Some buy back tokens.

Some burn them.

Some distribute fees to stakers.

Others require users to lock tokens for a share of protocol revenue.

These mechanisms create different claims on the protocol’s cash flow.

Before deciding whether a token is cheap or expensive, understand how holders receive value.

You’re valuing an economic claim, not just a token.

➠The metric that matters: Holder P/FCF

Once you know the holder revenue, valuation becomes straightforward.

Holder P/FCF compares what investors are paying with the cash flow that reaches token holders.

A 5x Holder P/FCF means investors are paying five years of current annualized holder cash flow.

Invert the multiple to get the implied cash-flow yield.

A 5x multiple equals roughly 20%.
A 10x multiple equals roughly 10%.

Lower multiples mean you’re paying less for each dollar of holder revenue.

Higher multiples mean you’re paying more.

Let's use a rental property as an example.

Buy a property for $500,000 generating $50,000 in annual rent and you’re paying a 10x multiple.

Double the rent while the purchase price stays the same and the multiple falls to 5x.

Revenue-generating tokens work exactly the same way.

➠One multiple is never enough

Most investors stop after calculating one multiple.
That’s a mistake.

The same protocol can trade at 5.7x using the last 30 days, 4.9x using the last 90 days, and 3.6x using the last year.

These aren’t competing valuations. They’re the same valuation measured over different revenue windows.

When the short-term multiple is higher than the long-term multiple, recent revenue has weakened relative to the yearly average.

Investors are paying the same price for less cash flow.
When the short-term multiple is lower, revenue has accelerated faster than price.

That spread often says more than either multiple alone.

A low multiple isn’t automatically a bargain.

It may reflect deteriorating cash flows.

A high multiple isn’t automatically expensive.

It may reflect expectations of future growth.

➠A simple framework for evaluating revenue-generating tokens

Three questions answer most of what matters.

✓First: Is holder revenue generated from real fees or token emissions?

✓Second: Who receives that revenue today, and how much future dilution remains?

✓Third: Is revenue improving or deteriorating?
The 30-day, 90-day, and one-year multiples answer that last question long before price fully adjusts.

Revenue alone doesn’t determine value.
Neither does market cap.

What matters is the relationship between price and the cash flow reaching token holders.

If the revenue is real, the claim is durable, and cash flow is improving, a low multiple may represent an opportunity.

If not, it may simply be a value trap

All protocol revenue, holder revenue, valuation multiples, Effective Market Cap, and FDV figures referenced in this article are sourced from @valueverse_ai

[Defi Peace @DefiPeace_]

@BillionsCTO Ca?

[BillionsCTO @BillionsCTO]

BLACKBULL

BILLIONS!

[Defi Peace @DefiPeace_]

@BillionsCTO Sick!!

[Defi Peace @DefiPeace_]

@Crypto_BabyX Aped send it

[OverDose @Overdose_AI]

Imagine holding $ASTEROID for MONTHS,

Through every red candle, every 0 volume day, no one is tweeting about it..

You finally crack under the pressure and sell at a loss,

And LITERALLY one day later your old bag is worth 2.6 MILLION dollars.

ONE DAY.

24 hours between being a "loser who held too long" and being a millionaire.

And people wonder why degens in crypto are emotionally cooked.

You don't experience this in any other market.

And the worst part is you can't even talk about it because normies will look at you like you're insane.

This industry ages you 20 years every cycle..

[Defi Peace @DefiPeace_]

@smileonsolana_ 2CNE6vfhynU2LsjyPrT8HHsuCbN8kfaDjMw3P89ew4dH

[爱因斯坦一撇 @EinsteinYipie]

很多事情记不得了，但是看这图我又想起来一些了：

$Myro 开始了我的SOL旅途；

200k时候有人给我推荐了 $GIGA 说不到400k补我200刀；

$Fred 跌到不到1m最后拉到200m；

.......

真怀念那些流动性充足web3似乎前途无量的日子，现在每天在各种“顶级角度”中送钱

不说了，时代不一样了，往前走吧

[P R U D E N T 📊 🔺( ♟,♟) @PrudentSammy]

USD1 hit $4.6 Billion in under a year.

And these numbers are hard to ignore.

Most stablecoins take years to build anything for themselves. USD1 took less than 12 months.

It crossed $4.6 billion in circulation already, and this makes it one of the fastest-growing dollar-pegged coins ever issued.

It now sits in the top 5–7 stablecoins by size, trading over $1 billion a day, with hundreds of thousands of holders across chains.

This kind of growth doesn't happen by accident. so what's driving it?

The simple version
Every USD1 token is backed 1:1 by real U.S. dollars, short-term government securities, and cash, held at @BitGo Trust.
(bitgo is a regulated custodian that handles issuance, redemptions, and safekeeping.)

You send a dollar in. You get a USD1 out. You send USD1 back. You get a dollar back.

What separates it from older stablecoins is not the concept. It is the execution.

The part that's new
Most stablecoin issuers publish reserve reports once a month or once a quarter. You are trusting that the numbers were accurate when they were written.

USD1 does it differently. The reserve data is live, on-chain, and visible to anyone at any time with total supply, backing, and ratio, all updating in real time.

Where this is being used
This is not a coin sitting idle in wallets. USD1 is being put to work.

On BNB Chain, a prediction market called @MyriadMarkets chose USD1 as its only settlement asset. this is not a partnership announcement, but a platform betting its entire transaction flow on one coin.

In lending, WLFI Markets lets users supply or borrow against USD1, and through Chainlink's cross-chain setup, it moves between Ethereum, BNB Chain, Solana, and others in seconds.

The pattern is consistent: wherever dollar liquidity is needed on-chain, USD1 is being positioned to fill that gap.

The coming wave: Al-powered payments
WLFI has been teasing what it calls "agentic payments" a future where AI systems can send and receive USD1 payments on behalf of users without any manual input.

This is still in development, but the early things we are seeing now suggest it could open up a completely new category of use cases for digital dollars in the years ahead.

My opinion to wrap it all up...
No digital asset comes without risk, and USD1 is no exception.

For USD1, it is important to understand the following:

USD1 is not insured the way bank deposits are. If something goes wrong with @BitGo or @worldlibertyfi, your holdings are not covered by FDIC insurance.

USD1 is currently restricted in certain places, including the EU, New York, and Canada. Always check whether it is available in your jurisdiction before using it.

Secondary market holders who want to redeem USD1 for dollars must complete BitGo's identity verification process first.

Lastly
USD1 isn't trying to reinvent what a stablecoin is. It's trying to be the version that institutions and everyday users can both trust.

$4.6 billion in twelve months says the market was ready for something like this.

The real test is what happens when the next stress event hits but fret not, that part is still being written.

[Defi Peace @DefiPeace_]

@0xEChukwulaka @superformxyz Welldone

[Defi Peace @DefiPeace_]

@BigJayce7 Gm Jayce

[Defi Peace @DefiPeace_]

@0xEChukwulaka @cornersinternet Welldone EC

[Defi Peace @DefiPeace_]

@DUKETHAGREAT Lmao

[Defi Peace @DefiPeace_]

@0xEChukwulaka Lfg

[Defi Peace @DefiPeace_]

@Crypto_BabyX Only the beginning🎉

[Defi Peace @DefiPeace_]

@0xEChukwulaka Lfg champ

[Defi Peace @DefiPeace_]

Happy New Year Web3 Frens

I’m committing to sharing my journey and showing up daily🫣

Let's grow together.