NEAR is down 40% from highs but on-chain activity dropped only 12%. 42% of protocol usage is DeFi, 31% is cross-chain payments through Intents ($20b cumulative volume). market priced it as a pure AI token and walked away. an $8.36m short on hyperliquid is up 173% and fully visible to every trader on the platform. that position will take profits. nightshade 2.0 dynamic resharding ships this month. bitwise filed for a NEAR ETF after the selloff, not before. narrative lags fundamentals by months. the gap between 12% usage decline and 40% price decline closes eventually
aave generates $948m in annualized fees at a $949m market cap. that's a 1.0x price-to-sales ratio. morpho generates $202m in fees, retains $0 for token holders, and trades at $1.27b. the market is paying a 6.3x premium for morpho's growth narrative over aave's proven revenue machine. aave V4 just shipped hub-and-spoke architecture copied directly from morpho. if the DAO turns on aggressive buybacks with that fee revenue the re-rating from 1x to even 3x P/S is a 3x. morpho's entire bull case requires tokenomics that literally do not exist yet. it is incredibly embarrassing that the market prices $0 in retained revenue higher than $948m in retained revenue
@JaqueVenturini1 Kkkkkkkkkkkk 5 milhões de quengas kkkk não sabem nem o nome do pai pra colocar ele na certidão e cobrar pensão kkkk dão pra Deus e mundo e depois não sabem kkk vai te fuder kk e mesmo assim isso só representa 12% das crianças kkk
@luacardb Bukele não é de direita, e ele mesmo nunca se definiu dessa forma. Na prática, ele esmagou toda a oposição, inclusive partidos de direita. Consolidou seu poder com o apoio dos militares, decretou estado de exceção e declarou guerra ao crime. Depois disso, virou hegemônico kkk