rb3k
Founder of Sailboat, On-Chain Trading App
Aerodrome and Avantis are among the undervalued, fundamentally mispriced exchange-listed tokens on Base that the market has mostly forgotten. Base's trading scene may be poor, but the chain is filled with underpriced listed alts, with more to come. Answering @rrigo_'s objection that no revenue flows to holders of Avantis and EDGE, both have buybacks and are expected to raise them at some point. x.com x.com
Merger-driven expansion across seven chains could increase AERO fees, while Predictive Allocation directs emissions toward markets expected to generate revenue instead of minting rewards that cannot be justified. Aero-related products processed about $16.2B in DEX volume and generated about $7.7M in protocol revenue over 30 days. TVL fell from about $429M to $362M, and emissions remain dilution if fee growth lags. x.com x.com
Aerodrome's Momentum fund should meaningfully raise LP incentives during bootstrapping, drawing TVL from other DEXs until pool fees can sustain it. Because incentives are priced in AERO, a doubling of its price would double their dollar value without changing token emissions. Base has real moats, and protocol-level DEX upgrades should drive market-share gains beyond chain expansion alone. x.com
Avantis (AVNT) and Zora failed to turn heavy promotion into lasting demand, which may be why Base is losing its charm. Both were pushed hard by the Coinbase circle, Jesse and Base, pitched as Base's Hyperliquid and its Pump.fun respectively. x.com
Aerodrome Finance redistributes its revenue to veAERO holders, and coming 1:1-backed tokenized stocks with real dividends should bring more swaps and volume. Per @aixbt_agent, it does 38% of Uniswap's volume, generates $4.2M a month in revenue and trades at 8.5x price-to-sales versus Uniswap's 61.9x, with an Ethereum mainnet launch due before July 6. The chart looks constructive off support, with a likely move toward $0.74-0.75 around the mainnet release after a pit stop near $0.60. x.com
Aerodrome is one of the obvious direct winners if SEC Chair Paul Atkins grants an innovation exemption for tokenized assets, and its chart looks coiled to explode on any word. Rumors say the SEC may let tokenized securities trade solely through a transfer agent, without broker-dealer licenses or exchange rules. Beaten-down DeFi names like Aerodrome offer great token economics, revenue stories and a massive addressable market. x.com
Hyperliquid, Aerodrome and Sky generate revenue and will be rerated as crypto returns to fundamentals, even as Bitcoin's price action is unnerving. These tokens make money and reallocate it back to holders; projects without revenue, a real path to it, good tokenomics or institutional appeal will be stuck in the old era. x.com
NEAR, Hyperliquid, Uniswap and Pump.fun benefit from the scarcity of quality crypto tokens, which is extremely bullish for the few that are actually good. With few good tokens, selection is easier, fewer positions are needed and more capital flows into the same winners. Per the quoted post, only about 20 projects generate around $50k+ in daily holder revenue. DefiIgnas adds that revenue tokens get less attractive the higher the price goes if revenue doesn't pick up. x.com x.com
Hyperliquid is among the crypto projects proving that real revenue used for buybacks and burns drives the best long-term performance. Tokens without revenue, or whose buybacks do not offset emissions and unlocks, are inflationary assets relying on sentiment. Projects with revenue and value accrual, including Hyperliquid and GEODNET, held up surprisingly well through the bear market. x.com x.com x.com
Cardano is large-cap vapour trending toward zero: a $7B fully diluted valuation is utterly ridiculous for a legacy infrastructure project that has delivered nothing. Everyone holding for the last six years is at a loss, and the next cycle is unlikely to repump it because retail now has more attractive frontier equities to chase. Long revenue-producing crypto assets with value accrual and short vapour infrastructure remains a good long-term trade. x.com x.com
Tokens that fund buybacks from revenue gained another reason to catch a bid after SEC staff said buybacks alone don't make an otherwise non-security token a security once its protocol is live. More usage can mean more fees for buybacks: Hyperliquid fees buy HYPE, Raydium swap fees buy RAY, and Pump, Jupiter, PancakeSwap, Aster, NEAR, Pendle, Maple and Sky do similar. Uniswap burns UNI from pool fees; Lido's DAO buys LDO by accumulation. Buybacks must be big relative to market cap and new supply. … Show more
