jup

[Yaki @Yaki_fomoArt]

down day and $LIT being one of the few green in the room tells me the CLARITY positioning thesis is starting to show up in relative flows.

[Yaki @Yaki_fomoArt]

biggest winners on RH are def $PONS bagholders. they stay bullish for a reason, multiple keeps getting cheaper as price pumps.

numbers don't lie:

– rolling 24h rev at $186.6k

– mcap/rev at 0.76x, down from ~1.5x a week ago

– $48.5M annualized at current run rate

for scale, DeFi peer median mcap/rev sits at ~31.9x. meanwhile $PUMP as a launchpad trades at 2.92x off $810M mcap doing $762k/day rev, still expanding too.

if $PONS matched pump's multiple, that's $0.225 = 3.7x from current price = ~$220M mcap.

sounds fair enough. supply's disappearing under it at the same time:

– 80% of protocol rev auto-routes to buybacks, TWAP'd every ~15min

– 217M $PONS burned, ~21.7% of total supply, in ~2 weeks

– 7d avg burn ~2.88M/day

deflation wired directly into usage.

V2 lets fees fire from the first bonding-curve trade, both buys and sells, so the protocol eats the whole lifecycle instead of just post-grad volume like v1.

pairing with tokenized stocks/RWAs down the line too, which lines up perfectly with the RH thesis.

got a bag so no rush to top blast here.

@ponsdotfamily V2 could still drop and trigger sell the news first. but if everything keeps compounding, the re-rate is just a matter of when.

[Yaki @Yaki_fomoArt]

RH is flooded with scam slop. but a handful of coins are actually building:

$PONS: $1B+ volume, ~20% of supply burned, 1.3M cumulative rev, owns ~80% of RH launchpad flow. doubling down on value accrual with RWA pairs and better creator incentives.

$INDEX: $1M+ in tokenized stock distributions within weeks while building a second revenue engine through 50x RWA perps.

$VEX: local-first runtime with hard risk rails, 1k+ agents live and already routing capital across Pendle, Virtuals and multiple chains.

$STONKBROKER: ERC-6551 token-bound accounts + permanent locks + fee recycling into holders. $1.9M volume, $168K rewards distributed, 14.7% supply burned, activated 1.6K+ brokers.

$GTR: built for over a year and pushed $100M+ in trading volume organically.

$SZR: building bonding curves with Uniswap V4 hooks where liquidity, issuance, burns and reserves all live onchain. 2.3M+ $SZR burned, $100k+ hook liquidity.

wya, what's the bid?

[Yaki @Yaki_fomoArt]

.@OndoPerps pts went live, 5m pts dropped weekly off a volume + OI score.

first round already paid out based on activity since June 2. if you were already farming you're already up.

what's different vs another perp farm is you're earning points while still qualifying for weekly USDC rewards and fee discounts.

tbh feels like another juicy farm running thru the year. so I went and ran the numbers myself.

anchoring off airdrop supply directly, full year of program life = 260m pts total.

$ONDO at $0.4 right now.

> 1% of supply (100m $ONDO): $40m pool = $0.15/pt
> 2% of supply: $80m pool = $0.31/pt
> 3% of supply: $120m pool = $0.46/pt

now stack that against actual farming cost. estimated around $0.02-0.06/pt after fees, offset by USDC rewards.

bear case still 3-7x cost basis.

upside is $ONDO goes higher if we're really bottoming out, or program gets shortened and same pool splits across less pts.

get in early: https://t.co/nOn6iHu6j9

[Yaki @Yaki_fomoArt]

I agree that equity perps never really scaled if mms had to fund the same position twice. stablecoin margin on the perp side, cash inventory at the brokerage for the hedge

that destroys return on capital before the trade even starts. mms quote less size, widen spreads, traders get worse execution, volume stays thin...

tokenized stock collateral collapses those two pools into one.

an mm can buy tokenized stock as the hedge, post that same stock into @OndoPerps as margin, and use one asset to both offset the short exposure and support the rest of the book.

2x better capital efficiency → better MM returns → tighter spreads → more flow → more MM revenue → repeat.

@Ondo has that structural edge today because the perp engine sits on top of the same system as Ondo Stocks.

$3.8B volume and this is still early.

[Yaki @Yaki_fomoArt]

when RH starts shilling AI agents you should start asking what's underpriced

@crowcompute_ai - $CC: turning idle gaming GPUs into a decentralized OpenAI-compatible inference layer on RH. built for fast, cheap inference powering onchain trading agents.

@ProjectVEXai - $VEX: AI trading agent actually built to DCA, trade perps, bridge, swap and manage positions across chains

@axol_io - $RAXOL: open source AI agent runtime for onchain commerce. private settlement, human-signed spending mandates, shipping crosschain USDC routes.

@vimenprotocol - $VIM: fully backed indexes for tokenized assets, adding agent-managed baskets that rebalance onchain. lets anyone launch a transparent ETF without the TradFi gatekeepers.

@PrivacyHood - $PHOOD: privacy layer for RH turning public finance into private by default. shielded swaps, stealth addresses, private subscriptions now, with confidential RWA + stock positions next .

@missiondotfun - $MISSION: an agentic trading terminal where AI agents handle the whole flow from research and audits to execution across DeFi, perps and prediction markets.

@wrkrdev - $WRKR: an always-on AI app computer where agents can ship full-stack apps from one machine.

@Quiver_Protocol - $QUIV: AI agent runs LP vaults, auto rebalancing positions so you farm fees without babysitting.

@useOttoAI - $OTTO: agents discover tokenized stocks, pull SEC research, scan risk, then execute from one console through cheap x402 endpoints.

what's in your bag?

[Yaki @Yaki_fomoArt]

putting a stock-shaped token onchain is easy. making it redeemable, liquid and usable at meaningful size while Nasdaq is closed is the actual product.

tried buying some NVDAon this Sunday. Filled clean with almost no slippage.

most ppl buying in weekend liquidity before this were unknowingly eating CEX/DEXtransfers routed thru thin onchain pools. paying10-30x more just to get filled and not even realizing it.

meanwhile @OndoFinance staying 5-57x cheaper than the other venue, consistently.

so now you can get exposure to 16 stocks from pretty much any wallet you're already using while TradFi is closed.

more assets create a bigger menu. real minting and redemption make the menu usable.

[jup @bayensz]

@Yaki_fomoArt Any big kol join?

[Yaki @Yaki_fomoArt]

perp trading was never a solo grind.

normies aren't out here backtesting charts all day. they're catching alpha on CT, spotting a position in TG, then alt-tab to some random app to actually send it.

it's multiplayer the whole way through. so what if a product was actually built for that?

I just found @kototrade as a home to follow top traders, watch live positions in real time, cook in the comments, then execute.

> feed aggregates signals straight from X, Telegram and Polymarket into one clean interface.
> launching inside the @grvt_io ecosystem, built in close collab with the GRVT team.
> integrated with Hibachi, Domination Finance, RisEx and Decibel.
> two farming modes already live

waitlist is basically its own social game too: https://t.co/giighd9VsZ

trading solo is mid. this actually goes crazy ngl

[Yaki @Yaki_fomoArt]

AI stocks finally got the kind of selloff that makes everyone ask whether the capex cycle is breaking.

two separate stories getting smashed into one.

> Fed flipped hawkish under Warsh, market's now pricing in at least one hike this year.

> hyperscalers building custom silicon to reduce Nvidia dependency. real, but mostly 2027 story getting front run this week.

the SK Hynix HBM to DDR5 thing everyone's blaming this on is still just an unconfirmed rumor. straight up contradicts their own last print, record quarter, 2026 capacity already sold out.

their actual earnings call is july 29. that date either confirms or nukes the entire bear case.

so macro pressure is real, positioning unwind is real, actual demand cracking is not proven yet.

not about to blindly short into that gap but I definitely watching setups on @OndoPerps rn.

> $INTC, $MU, $SKHY are the highest beta shorts if the custom silicon story gets any more confirmation.

flip side rips just as easy if earnings confirm HBM demand's still intact and the line shift was just margin chasing into tight DDR5.

> more obvious trade honestly is just staying long the cleaner cluster, $NVDA $GOOGL $META.

last Nvidia print was Jensen calling demand parabolic. Google Cloud grew 63% yoy last quarter. Meta raised full year capex to $125-145B and still guides operating income above 2025.

running this on Ondo Perps since they're throwing $25k of this week's $175k reward pool straight at AI ticker volume.

platform also just cleared $1b in 7d volume, $3.3b cumulative.

the AI cycle may still be intact. the one-way AI stock trade isn’t.

[Yaki @Yaki_fomoArt]

RH just posted the fastest revenue ramp of any fresh L2.

climbing basically every day since mainnet. currently #2 chain by rev, only behind Tron, flipped Sol and Base.

who's printing:

> the chain itself: $113k/24h
> @flapdotsh: $104k
> @S_L_V_R_FUN: $33k
> @arbitrum: $10k
> @KyberNetwork: $5k

the chain got #1 native protocol doing $15M annualized while the token at $300k mc. gamified mining always runs to mils once ppl actually look, see $ORE, $ZINC on Sol.

think ppl will discover $SLVR soon.

[Yaki @Yaki_fomoArt]

what utilitiy coins ppl buying on RH after $NOXA rugged?

@sherwoodagent - $WOOD: capital layer for agentic finance. agents can launch onchain vaults, coordinate shared capital, run verifiable strategies and build track records.

@TheIndexFi - $INDEX: programmatic stock index. trade $INDEX, protocol buys tokenized stocks, holders earn RWA payouts every 15 mins. $300K+ already distributed.

@ponsdotfamily - $PONS: https://t.co/V8Rl9lLmYQ style launchpad with a buyback and burn flywheel. burned 16.5% of $PONS supply in under a day and keeps rolling out new features nonstop.

@VenaHub - $VENA: first mining protocol on RH. VPICK NFTs mine $VENA, upgrades boost hashrate, live staking, 27M+ $VENA burned from trading fees, VenaLand expands the game economy.

@ProjectVEXai - $VEX: AI agent runtime for trading, swaps, bridging and long-running onchain missions with built-in memory and risk controls.

@GoMintly - $MLY: non-custodial AI savings agent. auto-rebalances into Origin vaults so you farm yield without touching anything. $MLY stakers earn from weekly buybacks funded by protocol rev.

@S_L_V_R_FUN - $SLVR: fair-launch ETH mining game, 1k+ ETH already deployed as miners compete to mint $SLVR through onchain randomness. #1 RH native protocol by fees.

@axol_io - $RAXOL: privacy-first open-source AI agent runtime for onchain commerce. agents trade through Virtuals ACP with private execution via Xochi, fees route into $RAXOL buybacks.

did I miss any plays anon?

[Yaki @Yaki_fomoArt]

$cashcat did its job, pulled attention and liquidity into RH.

but I think the chain already burned through its first hype wave. pullback across the board right now.

most of what launched after $cashcat was scam and bundle anyway. just trenches doing trench things.

might take some time for solid stuff gets built.

[Yaki @Yaki_fomoArt]

https://t.co/aOq9wUCDkH

[Yaki @Yaki_fomoArt]

pumpfun is a good business wrapped in a bad pa.

> #1 launchpad and rev on Sol
> $7.2m protocol fees last week
> $346.7M annualized rev
> 41.7% of circulating supply burned

ansem back + black bull created biggest launch on pump in 3 months, so trenchors re-gambling.

more volume = more fees = more burn.

but july 12 unlock throws a stone at that beautiful picture.

21% of circulating supply hitting float in 24h. first day team + insiders can sell since launch.

$PUMP itself looks strong after breaking the low, but better to let the unlock correction play out first.

if trenches stay hot after the dust settles, $PUMP could become a solid short term trade on fundamentals.

i think team also needs $PUMP higher too, they need liquidity to actually sell into.

[Yaki @Yaki_fomoArt]

not everyone chasing meme, tech bros quietly bidding undervalued AI coins

@AskSurplus / $SURPLUS - $4.6M: open marketplace for cheap AI inference. 1M+ requests, 41B+ tokens routed in 28d, users saving 40–60% on inference. shipping enterprise features and a major routing upgrade next.

@c0mputeAI / $ZERO - $4.7M: decentralized AI compute with a real product already live. browser GPU network, daily buybacks and burns, staking, now scaling toward permissionless AI swarms.

@usedotai / $DOT - $4.9M: private AI app with DotChat and DotCode already generating real revenue, 110M+ tokens processed, and $DOT burns funded by platform usage. building a cheaper private AI alternative while adding enterprise features.

@P0Systems / $P0 - $2.6M: Peezy Gateway has processed 100B+ tokens and now sits #11 on OpenRouter. devs shipping new models fast. growing paid usage feeding $P0 buybacks, burns, and future staking.

@wardenprotocol / $WARD - $1.6M: Halo is a decentralized P2P AI inference marketplace with 1B+ tokens served, 75k+ onchain txns, $WARD buybacks coming.

@capix_ai / $CPX - $770K: routing layer for decentralized AI compute. shipped onchain quantum proofs, now scaling enterprise compute. more usage = more $CPX buybacks.

what's not on here yet?

[Yaki @Yaki_fomoArt]

been talking $LIT the only $HYPE beta play but ngl wasn't ready for the team's arc lately

> partnership with robinhood

> tokenomics went full burn-mode

> fed chair Warsh investin in Lighter

> founder joined CFTC's innovation advisory committee

> Harvard at 16, poached by Griffin into citadel at 18

tped some here.

gg Lighter

[Yaki @Yaki_fomoArt]

haven't yapped about @wardenprotocol in a while but Halo got me looking again.

it's a P2P inference market where anyone with idle compute can become an operator, serve AI jobs, and get paid in USDC.

users or agents send requests, Halo routes the job, operators run the model, and settlement happens on Base.

Warden's SPEX turns every emitted token ID into a tiny Bloom filter fingerprint, then another operator reruns the same prompt/model and checks the overlap.

so Halo's real wedge is verified inference.

it can split verification into 100-1,000 micro-checks across many operators. each verifier only checks a few tokens against the Bloom filter.

what's the $WARD thesis?

> more inference → more fees → more $WARD buybacks → more staker yield + burns

> @AskVenice invested in Warden's $4M round at $200M val, then both sides merged into @BasedAI_co

> Warden moved 100% of its AI workload to Venice

> what if Halo eventually becomes the verified inference behind Venice?

$WARD at $2M mcap kinda free.

[Yaki @Yaki_fomoArt]

seeing some big accounts force AI into 1999 because big charts go up and every CEO now says AI 14 times per earnings call.

but AI is different because the leaders are already printing real revenue

> OpenAI went from a ~$1B run-rate in 2023 to $25B+ by early 2026, with 900M+ weekly users

> Anthropic went from ~$1B ARR in early 2025 to $30B+ by April 2026

> Nvidia data center revenue hit $62B+ in a quarter, up 75% YoY

> Microsoft AI run-rate is already $37B+

> Amazon’s AI chip business is at a ~$20B run-rate

the comparison doesn’t really work.

the dotcom bubble was mostly the market guessing the internet would become huge.

with AI, the market is already seeing huge demand and trying to price the entire future before the ROI fully lands.

the other big difference vs dotcom is valuation quality.

in 2000, the top 10 S&P stocks traded around 43x P/E vs 21x for the rest, while contributing less than 20% of index earnings.

today the top 10 trade around 31x vs 21x for the rest, but contribute around 30% of index earnings.

so concentration is actually worse now, with around 39%-40% of the S&P sitting in the top names, but the earnings support is much better.

NVDA at ~56x trailing P/E is expensive, but Cisco at the dotcom top was some alien number like 400x+ trailing P/E and ~200x sales.

AI is not dotcom because the top companies are way stronger, richer, and already monetizing at a crazy speed imo.

[jup @bayensz]

@Yaki_fomoArt @solanafunded This for me