Kr◎dy

@MonkeDAO Certified GMer since 1860

[Madaba @0xMadaba]

I ranked 16 revenue-generating crypto protocols using an index that puts equal weight on business performance and token economics

Pump comes out on top with 76 points. Hyperliquid has the strongest business of all 16 and comes in at #2

- Selection: $10M+ annualized revenue and a token above $150M market cap
- $PUMP is #1: $664M annualized revenue at 2.5x market cap / revenue, the lowest multiple of all 16
- $HYPE has the strongest business (79) and the most revenue ($871M), but trades at 80x FDV / revenue. My model uses 9% unlocks, based on what the team actually received in the last 12 months. Unlock trackers use 54%, which would drop it to #5
- $AERO is #3 at 6.7x. 99% of revenue went to lockers and stakers, but new supply (24% a year) more than offsets that payout (15% of market cap)
- $LIT has the third-best business (69) but the lowest token terms (41): unlocks over the next 12 months equal 61% of today's circulating supply
- $CAKE and $SKY are the opposite: token terms of 77 and 72 on a business score around 50
- $RAY (-40%), $CAKE (-35%), $MET (-32%), $JUP (-23%) and $UNI (-19%) earned less per day over the last 30 days than in the 90 days before. Their current run rate is below the revenue in the table
- Only 6 of 16 have a net holder yield clearly above zero, meaning burns, buybacks and staker payouts outweigh new supply: $RAY, $CAKE, $SKY, $JUP, $SYRUP and $PUMP
- $VVV (84x) and $AAVE (32x) are at the bottom. Most of Venice's revenue settles offchain, so the model only includes what reaches the token. If more of it flows onchain, VVV moves up. AAVE paused buybacks in April after the rsETH exploit. "Aavenomics 3.0" should bring them back, but it isn't live yet

Ranks 4 to 13 are only 8 points apart, so I wouldn't read much into #5 vs #9. Pump, Hyperliquid and Aerodrome stay in the top 5 in at least 95% of 5,000 random weightings

How the score works:
- Business (50%): revenue momentum (last 30 days vs the 90 days before), revenue trend (last 90 days vs the 90 before) and revenue size (the lower of the last 12 months and the annualized last 90 days, so one strong quarter doesn't inflate size)
- Token terms (50%): market cap / revenue, unlocks over the next 12 months, float and the share of revenue that goes to holders

Takeaways from the table:
- A strong business doesn't automatically reach the token. Only Pump scores 70+ on both sides. Without its unlocks LIT would be #4 instead of #13
- High payouts don't guarantee positive holder economics. HYPE, UNI, VVV, AERO and CRV all send 95%+ of revenue to holders, yet none has a net holder yield clearly above zero once new supply is factored in
- Cheap alone isn't enough. MET (3.4x) and LDO (7.0x) are among the four cheapest but only rank #8 and #7: MET has 15% unlocks, LDO returns nothing to holders on a recurring basis

The table is the data. The score is my own weighting on top of it and leaves out things like sentiment or regulation. Not investment advice. Full methodology and how each token was treated in the replies

[Kr◎dy @TheKrody]

@0xMadaba Thanks it’s very good work !! Where would $LINK and $PYTH be in your ranking ?

[toly 🇺🇸 @toly]

🔥🔥🔥

[Yash @yashhsm]

SendAI is now officially a Solana labs-backed company and part of @incubator c3 🥳

as a long-term solana advocate & builder, it’s really a dream come true –– to be finally backed by the company, which created @solana and founded by @toly 💙

SendAI has been one of the biggest public good contributor in the Solana Ecosystem (agent kit/mcp server, ai Hackathon, consumer day and so on) and we’ve been fairly profitable, thanks to our commercial products across the ecosystem like sendshot, send arcade, and more.

the last few months has been really tough for us, but every crisis is an opportunity. we spent last few months building out a strong foundational infra.

as a builder you’ve to be truly optimistic and always believe something amazing is about to happen. luckily, i’ve got a resilient team.

with this, @_0xaryan and i will be spending the next 3 months in nyc - making solana office our base. we’ll be focussing on the next BIG thing, leveraging nyc’s capital and consumer ecosystem.

with the help and mentorship of solana labs @incubator, we’ll now be building the most impactful solana company and advance crypto x ai agents.

thanks to @EmonMotamedi for believing in us and giving the opportunity.

thanks everyone who've been believing in a scrappy team like us - as a 100% bootstrapped team, we’re genuinely nothing without your support (particularly the Solana community).

it takes a village to raise a child.

[CoinGecko @coingecko]

Solana wallets let you send $SOL, swap tokens, and access market data on the go.

In this guide, we break down how to create a production-ready @solana wallet with @privy_io, CoinGecko, and @JupiterExchange.

Read the full guide 👇
https://t.co/IY2SSXeVjv

[SolanaFloor @SolanaFloor]

🚨NEW: @Solana launches @solanaappkit by @sendaifun, an open-source React Native kit enabling developers to build Solana mobile apps for both iOS and Android in just 15 minutes.

[Kr◎dy @TheKrody]

@solana @solanaappkit Huge

[Birdeye Terminal @birdeye_so]

Building mobile apps on Solana has never been easier - you have the world in your hands with Solana App Kit!

Appreciate @thesendcoincom @solana for integrating @birdeye_so's real-time token & price data 📊

The app szn is here. Start building!

[Solana @solana]

Introducing the @solanaappkit by SEND ecosystem 📱

An open-source React Native kit to build iOS and Android mobile apps on Solana in ~15 minutes

Ft. 18+ protocol integrations 🧵

[SendAI @sendaifun]

SendAI's Solana MCP is now available in the @OpenAI Responses API 🤖

Just plug in the SendAI Remote MCP server and prompt Solana actions in your agentic workflows (Chain-of-Thought) using your own Solana wallet.

A quick demo of fetching and buying $SEND on the OpenAI Platform:

[Pyth Network 🔮 @PythNetwork]

Price Feed Highlight: $SEND

Don’t forget to SEND IT! The price feed for $SEND, the token of the Send ecosystem on Solana by @sendaifun, has been live and available on 100+ blockchains.

[SendAI @sendaifun]

This is a delightful AI chat UX to take @solana actions built by @chainsynto team — using SendAI Kit.

Now, swap, stake, send, bridge in a single chat window — powered by Solana Agent Kit.

PS: It's still an early version –– DM the team for any feedback.

[Kr◎dy @TheKrody]

@MacroCRG Where did you find this chart ? I can't find the website !