DeFiWarhol

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You, an Ethereum holder with a $381 net worth, are closer to Larry Page than Larry Page is to Elon Musk.
There’s a lesson in there.
ETH-0.81%
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20 Ways to Earn Yield on Solana ↓
- Meteora: Concentrated liquidity (DLMM) pools with dynamic fees and flexible LP strategies on Solana
- Raydium: Solana AMM for swaps, permissionless pools, and LP yield from trading fees
- Marinade: Liquid stake SOL to get mSOL, earn staking yield, and use it across DeFi
- Orca: Solana DEX for swaps plus liquidity provisioning to earn fees
- Kamino: Lend/borrow with leverage plus automated concentrated liquidity vaults with rebalancing and auto-compounding
- Axiom: Non-custodial trading for memecoins/perps with integrated loops for incentives
- Sanctum: Liqui
SOL-1.02%
MET-0.87%
RAY-3.10%
MNDE-0.59%
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There's a metric I use to find undervalued assets on the market.
It's MC/ANN rev (market cap/annualized revenue).
The ratio compares how much the market values an asset vs. the revenue the protocol is currently generating.
Protocol revenue doesn't determine token value on its own, but a lower ratio can suggest an asset is cheap relative to what it earns.
I decided to see if that holds.
Already bought $1,000 each of the assets below, and I will personally test their price performance over the coming weeks.
Stay tuned.
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Two of my favorite cards at the moment.
QT with yours.
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The market values Hyperliquid as if it belongs in the same conversation as the biggest companies on earth.
The numbers below show how much investors pay for one dollar of annual revenue for each company:
→ @HyperliquidX: 19.0x
→ @nvidia: 15.5x
→ @Mastercard: 13.1x
→ @Visa: 12.4x
→ @Apple: 9.6x
→ @Microsoft: 9.0x
→ @Meta: 6.6x
→ @amazon: 3.6x
Hyperliquid trades at a higher revenue multiple than Nvidia and Apple, while its market cap is hundreds of times smaller.
For reference:
→ NVIDIA market cap: ~$5T
→ Hyperliquid: ~$12.8B (nearly 400x smaller)
Also, the rest of the companies on the list have
HYPE1.09%
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This is the coin they're shilling
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Fdly24:
ok
$MORPHO is the only DeFi bluechip in 1y green btw.
This is VERY bullish.
The $HYPE of DeFi, imo.
MORPHO0.24%
HYPE1.09%
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Quantum computing and blockchain: the threat moved closer this year
The quantum risk to crypto has always been filed under "later." A Google Quantum AI paper from March 30 narrowed what "later" means.
→ What the paper found
Breaking secp256k1, the curve that locks Bitcoin and Ethereum wallets, takes under 1,200 logical qubits. On real hardware, that works out to under 500,000 physical qubits. About 20x less than the old estimate of ~9 million.
The paper came from Google, the Ethereum Foundation, and Stanford. They proved the number without releasing the actual attack.
Still, this is a calculat
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ETH-0.81%
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"The market is so dead"
Meanwhile, Hyperliquid:
HYPE1.09%
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innocent:
Gas continuously, Sbossssssquuu, don't let up!
Crypto jobs are booming again.
Companies are now mostly hiring across CEXs, infra, compliance, trading ops, prediction markets, and security.
A few names worth noting across the active hiring clusters:
→ Exchanges
@ | @cryptocom | @fx | @BitMEX
→ Infrastructure
@chainlink | @Nethermind | @StellarOrg | @QuickNode | @BlockdaemonHQ
→ Institutional/compliance
@Anchorage | @Paxos | @galaxyhq | @moonpay
→ Trading/market structure
@Polymarket | @keyrock | @paradex
→ Wallets/payments
@TrustWallet | @Backpack | @openfx_ | @Alchemy
→ Security/risk
@chainalysis | @Mysten_Labs | @SkyMavisHQ
Crypto has spe
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May was rough for BTC and ETH ETFs.
In comparison, SOL had ZERO outflow days for the entire month.
Why BTC and ETH bled ↓
The 10-year Treasury yield went above 4.6% in May, driven by:
• The US-Iran tensions
• Higher oil prices
• Lack of 2026 rate cuts.
When risk-free money pays that much, holding a volatile BTC ETF is a harder sell. Meanwhile, the Nasdaq gained 8.4%, almost all from AI stocks. Institutions were clearly interested in trading AI stocks in May, not crypto.
Why SOL held ↓
The SOL ETF has ~$944M in assets, compared with hundreds of billions in BTC, so it's too small to show up when
BTC-0.81%
ETH-0.81%
SOL-1.02%
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