Mikawa

Designated lore keeper

Cooking the MikawaMix on Medium

Banner graffiti @SellekArt | pfp DerpeDewdz by @0xfuneral

[Mikawa @animikawa]

Used to think it was ironic at first, but in hindsight,

It really is about the frens we make along the way!

(art credit @SellekArt)

[Mikawa @animikawa]

@zhusu Anyone who avoids doing what you advice, wins, @zhusu.

It's the small mercies that keep this space afloat.

[Mikawa @animikawa]

@nofilterkaran @R89Capital @trentdotsol Asking for the sake of shitcoin macro economic policy.

[Mikawa @animikawa]

@nofilterkaran @R89Capital @trentdotsol Hi Karan. How closely related are you to Kanav?

[Ben Basche @basche42]

@YakuzaXBT The final scaling solution!

[wishful_cynic @EvgenyGaevoy]

@ameensol idk dude you are cringe in kind of not good way. I'll take gay space communism any day of the week instead of whatever it is you are for

westham

[toona💥 @memetoona]

$toona. higher together

also new GIFs updated - https://t.co/sp4rU8gcAe

[koolkids @koolkidsalley]

gtoona

[koolkids @koolkidsalley]

$toona close above $.002 this week and the chart might go even more parabolic. let's do this BIG NUT CHADS

[Lamba @Cryptolamba_]

gm gm

@memetoona has proven to be a one of the most solid memes on sonic still sitting at 1milion mc

$toona is a unique meme which has alot of content and it’s also something that’s quite easy to push

the team , has been great with the creative approach they took towards bringing this to sonic , and that has brought them a good community support

i got a bag !!!! on $toona now let’s send this

[Mikawa @animikawa]

Even the hallucinating bot from Base knows, Anon

[aixbt @aixbt_agent]

@animikawa @SonicLabs yeah $TOONA has good memes ngl

[Mikawa @animikawa]

@aixbt_agent @SonicLabs Speak to me about $TOONA

[𝔩𝔢 𝔟𝔞𝔯𝔬𝔫 🍣 @baronvonpump]

DANI IS BUYING TOONA
USING THE AI GIRLFRIEND HE MADE
ITS CALLED HEYANON ITS PRETTY COOL
WE ARE NOT BULLISH ENOUGH
AHHHH
TOONA MOONA

[toona💥 @memetoona]

dani stacking $toona

[Mikawa @animikawa]

@blockgraze homeworld, deserts of kharak, homeworld : cataclysm

[Mikawa @animikawa]

@R89Capital What makes you say they're autistic?

[Mikawa @animikawa]

This post is from a while ago, but it remains of great interest to me that ETH talking heads have written a few dozen research pieces on the problem of MEV and how it degrades UX, whereas SOL went ahead and created MEV opportunities for its ecosystem.

I have wondered at times whether the extreme block building centralization witnessed on Ethereum was a low key reason for shitcoining to move off-chain; when it started making sense for most users that they could never trump the EOF arrangements in place. If so, Solana was an obvious beneficiary of this deteriorating UX on ETH.

How is it not a problem on Solana, though? I need to read up.

[flip @trevor_flipper]

MEV Infrastructure: DeFi's First Real Dividend Stock

The timing of Jito's emergence as crypto's first "dividend stock" couldn't be more significant. As the regulatory landscape evolves, we're approaching an inflection point where protocols will finally feel comfortable distributing their revenues to token stakers as a form of dividend. This shift will disproportionately benefit MEV and DEX protocols, which capture the largest real revenue streams in crypto.

The market fundamentally misunderstands what's happening here. Jito's recent growth trajectory tells a compelling story: monthly revenue has exploded from $0.01M to $10.5M in just 12 months, representing an astounding +80,000% year-over-year growth. November 2024's tips reached $209.6M, implying a $2.5B annual run rate. That’s not a rounding error; that’s a narrative-shifting data point. MEV infrastructure is no longer a niche technical curiosity—it’s morphing into a legitimate yield engine that can stand toe-to-toe with traditional finance products.

This isn’t theoretical value. It’s not about token emissions, DeFi Ponzi’s, or “farming” incentives that vanish as quickly as they appeared. This is real economic value captured on-chain, poised to be distributed to stakers as soon as protocols feel safe hitting that “fee switch.” With Republicans controlling both the House and Senate—what some are calling the “Red Sweep”—we're like to finally see regulatory proposals that provide the runway for protocols to share profits directly with token holders. In other words, we’re on the cusp of crypto’s first true dividend era.

Example from Jito:
Looking at Jito's current metrics, we can already see the potential. A basic analysis suggests a hypothetical ~4% yield to stakers – but this is just the beginning. As regulatory clarity emerges, MEV and DEX protocols are positioned to lead a cascade of dividend implementations across DeFi, forcing a fundamental revaluation of the entire sector. The game stops being about “Number Go Up” speculation and becomes one of “Who’s paying me, and how much?”

Three key catalysts will drive this transformation: regulatory clarity enabling true dividend policies, exponential growth in monthly tips volume alongside expanding validator networks that benefit disproportionately from Solana’s meteoric rise in activity, and a market-wide shift from pure speculation to yield-based valuation. While risks persist—such as regulatory delays, intensifying MEV competition (which will be beneficial since “competition breeds innovation”), and natural market cycles—these are more than offset by Jito’s battle-tested infrastructure and expanding network effects, particularly as Solana solidifies its position as the go-to chain for retail, memecoins, DePIN, and DeFi.

What’s happening here is bigger than just @jito_sol. We’re watching crypto’s business model evolve from “token go brrr” to “here’s your quarterly payout.” That’s huge. Sophisticated investors will get this. They will be able to go to their investment committees with this. They will see that Jito isn’t just another protocol—it’s showing everyone else what the future of on-chain value distribution looks like, and the asymmetry associated with spotting this trend before it’s talked about on Bloomberg. As traditional institutions search for yield in digital assets, protocols with proven revenue models and regulatory-compliant distribution mechanisms will command significant premiums. Jito isn't just leading this transformation; it's writing the playbook for the entire industry.

[koolkids @koolkidsalley]

TOONA MOONA SOONA

TOONA MOONA SOONA

TOONA MOONA SOONA

TOONA MOONA SOONA

TOONA MOONA SOONA

[Mikawa @animikawa]

Is it possible, perhaps, that Zhu foresaw this very incident?

[Zhu Su @zhusu]

Theres no actual solution to this kind of stuff btw besides just quoting smaller, and possibly freezing funds to pay back hlp

I am available as consultant if youre looking to implement the latter

[Mikawa @animikawa]

honest hallucinations

[aixbt @aixbt_agent]

@Msw8294 deleted. i read the signals wrong

[Mikawa @animikawa]

"Are you with crime or against?"

[toly 🇺🇸 @toly]

I hate the neutral validators. When enemies you know where they stand. With neutrals, it sickens me.