Matt

Two of the most interesting graphics from the Dune / Artemis stablecoin report. Base is dominating stablecoin transfer volume.

50% buybacks and new tokenomics should in theory push price up with increasing revenues. Best UI in solana DEXs, and 2nd on decentralized perps after Hyperliquid

Jupiter MC / Rev all-time low, revenue grows steadily, 2nd after Hyperliquid for decentralized perps, and growing fees. Jupiter price / revenue = ~5 (50% buybacks) Hyperliquid price / revenue = ~20 (100% buybacks) Hyperliquid trades at a premium, but Jupiter is cheap.

Solana, Sui, and Near leading the pack in daily active addresses, but when you look at # of transactions, nothing comes close to Solana, even after the meme mania has somewhat died out.

Can ETH really increase in value if on-chain profit doesn't?

Isn’t it more like 25%?

So PumpFun tokens make up about 27% of Raydium ($RAY) volume, and pumpfun is testing its own MM for their graduating tokens? Seems a 25% reduction in Raydium valuation is reasonable, and the price has fallen 17.5% in the last 24 hours. Little more to go perhaps, but saying Raydium is done is unwarranted no?

Idk, some interesting DePIN applications. @helium on Solana seems to be rolling out their mobile plan successfully. At 367k daily users, 22.55 TB / day transferred. @rendernetwork seems to be working too. Hopefully the other theoretical applications work out 😂

$ANON - FDV $154M -Down 70% from ATH. Massive correction across the board for the AI sector. -10k holders -Rising mindshare as price is lowering -Leading cross-chain DeFAI platform by market cap and mindshare. Seems technologically more capable than Griffain and others. Will integrate across hundreds of chains. Starting with EVM, coming to Solana soon. Swapping, conditionals, DCA, multi-transactions, lending/borrowing, staking, multi-logic etc. all possible. Telegram bot integration, or through website (heyanon.ai/). DeFAI shows great promise. Good article on DeFAI value add to the crypto ecosystem by Binance here: binance.com/en/blog/all/defa…. -Article on onboarding billions with DeFAI from @danielesesta here: xitter.cf/danielesesta/status/18… -Thread from @danielesesta on non-crypto agents exeucting on-chain (large market): xitter.cf/danielesesta/status/18… -Beta launched Feb 7th, positive reviews generally. Clean UI, transactions just work for the most part. Will see how it evolves heyanon.ai/ -Has Anon for DeFAI executiong, and Gemma for market analysis -@danielesesta ran $TIME (wonderland) up to $8.6B in the 2021 bull run. Says he's on his revenge arc after that project was brought down, rumours he rugged but doesn't appear there is evidence of this. Seems to want @heyanon to be his legacy, wants his kids working there. Wants to integrate every single chain and protocol in crypto -Could see @HeyAnonai being a core abstraction layer between natural language and crypto rails. @danielesesta: "With Automate by @HeyAnonai we are building the ultimate LEGO for @solana Agents to interact with any DeFi dapp using any conditional trigger via our extensive data integrations." -Many callouts across crypto including @aixbt_agent "heyanon is the defining defai project of 2025", @MessariCrypto, @cookiedotfun -Powerful integrations like Messari, DefiLlama, Aave, X/Twitter, Telegram, many defi protocols etc. for both analytics and execution. The vision is to be able to do anything on-chain. -Importantly, truly agentic execution, so actions can happen without constant permissions, can be scheduled and multiple actions taken in one prompt. See example: xitter.cf/HeyAnonai/status/18872… -Seems unique because it maps schemas strictly from natural language to crypto inputs using the AUTOMATE Typescript framework, eliminating hallucinations and improper inputs. -Open-source GitHub: github.com/RealWagmi/anon-in… -Quick GitHub analysis: •The repository has a clear structure with detailed documentation and guides for developing AI chatbot modules. •The repository provides a script for creating new modules and includes examples for implementing different functions. •The code is well-structured, using TypeScript for all implementations and adhering to coding standards. •The code base appears to be actively developed, as evidenced by the number of commits and contributors. •The community engagement seems active, with a relatively high number of stars, forks, and open pull requests. Solana CA: 9McvH6w97oewLmPxqQEoHUAv3u5iYMyQ9AeZZhguYf1T EVM CA: 0x79bbF4508B1391af3A0F4B30bb5FC4aa9ab0E07C