LV7

[Crypto Mandalorian @CMandolorian]

Don’t miss up-2:native

[The Yellow Mamba @MambaYellow824]

Missed PONS at 30 million market cap?

Don’t make the same mistake with up-2:native

Imagine being the 5th highest revenue-generating DEX in crypto with only $12M TVL.

That’s what’s Up! @uponrh

[TPvestor @TPvestor]

This actually makes the base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 comparison even more interesting.

People see up-2:native ’s FDV + emissions and stop there.

But if only ~999K of ~12.3M scheduled emissions were actually released this epoch because emissions are capped against pool fees, headline dilution ≠ actual dilution.

Meanwhile:

~$13–15M circulating MC
~$1.2M 30d revenue
~$579M 30d volume

AERO showed what native liquidity infrastructure can become on Base.

If UP becomes that layer for Robinhood Chain while tying emissions to real economic activity…

what exactly is the market pricing in at $13–15M?

That’s the part I can’t get past.

[LV7 @LV77765]

@tylerdurdeth @uponrh Let them be sidelined, the stats don’t lie, very undervalued up-2:native
When its hitting 100-150m mcap people will want to buy 😂

[Tyler DurdΞth @tylerdurdeth]

Does it look like a token with an oversupply problem to you?

Thread 👇 to make it super easy for you (mostly images)

up-2:native @uponrh

[LV7 @LV77765]

@TPvestor Repricing soon..

[LV7 @LV77765]

@tylerdurdeth Easy 5-10x not too far away, severely undervalued, stats don’t lie

[LV7 @LV77765]

@tylerdurdeth 100m soon easy up-2:native

[Tyler DurdΞth @tylerdurdeth]

Looks like people finally started looking under the hood (punt intended).

Too early to tell but I am monitoring the situation with interest 🍿

$UP

[LV7 @LV77765]

@IMYourDaddy81 @SunFlowSolana People will be buying at 1b soon 😂

[up. @uponrh]

up is the 5th highest revenue generating DEX in all of crypto on $12m of TVL.

Only up.

[LV7 @LV77765]

@dethpotion @DefiLlama @uponrh up-2:native 100m coming soon

[deth potion @dethpotion]

Ask your KOL why they dont talk about this. You probably wont like the answer.

This is all verifiable on @DefiLlama
The only way is up-2:native @uponrh

[Lyd 💫 @itsluckylyd]

$UP is the most slept on project - yet it's consistently ranking among the top protocols on Robinhood chain (verifiable on DefiLlama)

not only that
- 100% of revenue goes to holders (lockers)
- doxxed founder is a defi OG & knows what he's talking about
- all metrics are up and to the right
- even the physiognomy checks out, nice to see British representation 🇬🇧

liquidity is an essential part of a chain's success and so far everything is lining up for $up to be the dominant player

I also really like how KOLs aren't all over this yet (aka it's not consensus) but it has nice organic traction within the defi community (higher signal)

of course it's still early days, but as long as metrics continue improving this feels like it could be setting up for another PONS type play

current mcap: $17m

[Dirτy Waτer Degen e/acc/dd 🟧 @DirtyWaterDegen]

I agree $pons should partner with $up

[TPvestor @TPvestor]

Some food for thought on $UP @uponrh because I genuinely don’t understand this valuation.

Forget the memes for a second. Let’s compare it to an actual established native liquidity layer:

$AERO on Base

~$500M market cap
~$320M TVL
$12.8B 30d DEX volume
**$4.84M 30d revenue**

$UP on Robinhood Chain

~$13–15M market cap
~$11M TVL
$579M 30d DEX volume
**$1.20M 30d revenue**

Read that again.

Aerodrome is generating roughly 4× UP’s monthly revenue…

Yet $AERO is valued at roughly 30–37× UP’s circulating market cap.

Obviously Aerodrome deserves a significant premium. It has years of history, much deeper liquidity, far more TVL and volume, Base dominance and an established ecosystem.

But does that explain the entire valuation gap?

UP has barely begun.

It’s positioning itself as a native liquidity marketplace on Robinhood Chain, and it is already generating meaningful fees, volume and protocol revenue at only ~$13–15M circulating MC.

And now here’s where it gets even stranger.

On September 4, Binance Alpha 1.0 added three Robinhood Chain tokens at the same time:

$CASHCAT
$UP
$AI (Artificial Inu)

Same ecosystem.
Same Binance Alpha catalyst.

Yet the valuations are in completely different universes.

$AI Artificial Inu: ~$252M MC.

$UP: ~$13–15M MC.

That’s roughly a 17–19× valuation difference.

$CASHCAT has also traded at a valuation many multiples above UP.

And unlike those meme-driven assets, UP is infrastructure actually facilitating liquidity, generating fees and producing protocol revenue.

Then there’s $PONS — another Robinhood Chain project that reached Binance Alpha and has traded in the hundreds of millions in market cap.

So what exactly is the market pricing?

Narrative? Attention? Memes?

Because if we’re talking fundamentals, the discrepancy becomes difficult to ignore.

If Robinhood Chain continues growing, liquidity has to live somewhere. Swaps have to happen somewhere. New assets need markets.

@base has Aerodrome.

What happens if UP becomes that liquidity layer for Robinhood Chain?

That’s the asymmetric part of the thesis that interests me.

To be fair, there are legitimate reasons for UP’s discount.

Its FDV is substantially higher than its circulating MC. Emissions/incentives are aggressive. And the big question is whether today’s volume and revenue remain sustainable once incentives normalize.

Those risks matter.

But even accounting for them:

~$1.2M monthly revenue.
~$579M monthly DEX volume.
~$13–15M circulating MC.
Binance Alpha.
Native exposure to a rapidly growing Robinhood Chain ecosystem.

Meanwhile $AI alone is ~$252M.

At some point you have to ask:

What am I missing?

Is $UP cheap because the market sees a fundamental problem that isn’t obvious in the headline numbers?

Or has capital simply been chasing memes and attention while the infrastructure underneath them has been ignored?

Because if UP can prove that this revenue and activity are sustainable…

this valuation starts looking very, very strange.

$UP

[LV7 @LV77765]

@AltcoinMillie I’m holding up-2:native

[Crypto Mandalorian @CMandolorian]

Use @uponrh when trading on @RobinhoodCrypto

[fleh @cryptofleh]

long $UP

will explain at 100m

[LV7 @LV77765]

@greenytrades up-2:native the stats are too good