Revenue is the new narrative
Crypto’s finally at the point where earnings matter
Top 12 protocols by P/E:
$PUMP - @Pumpfun
$MET - @MeteoraAG
$RAY - @Raydium
$ORCA - @orca_so
$LDO - @LidoFinance
$SKY - @SkyEcosystem
$LIT - @Lighter_xyz
$ETHFI - @ether_fi
$SYRUP - @maplefinance
$JUP - @JupiterExchange
$CAKE - @PancakeSwap
$HYPE - @HyperliquidX
Revenue is the new narrative
Crypto’s finally at the point where earnings matter
Top 12 protocols by P/E:
$PUMP - @Pumpfun
$MET - @MeteoraAG
$RAY - @Raydium
$ORCA - @orca_so
$LDO - @LidoFinance
$SKY - @SkyEcosystem
$LIT - @Lighter_xyz
$ETHFI - @ether_fi
$SYRUP - @maplefinance
$JUP - @JupiterExchange
$CAKE - @PancakeSwap
$HYPE - @HyperliquidX
* Data from @DefiLlama
* Forward P/E: market cap ÷ (last 30d earnings × 12)
* Only protocols with > $100M market cap
* Top 4 are all on Solana because of the recent onchain season; on full-year earnings they’d look less cheap
Top 3 Across 10 Sectors:
Privacy: $ZEC, $XMR, $ZAMA
Perp DEX: $HYPE, $LIT, $ASTER
Private AI: $VVV, $NEAR, ethereum:0x6c5ba91642f10282b576d91922ae6448c9d52f4e
RWA Infrastructure: $PLUME, $LINK, $CFG
AI Inference: $ORBIO, solana:nosXBVoaCTtYdLvKY6Csb4AC8JCdQKKAaWYtx2ZMoo7, $SURPLUS
Tokenization: $ONDO, $BP, $UNI
DePIN: solana:rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof, $FIL, $PEAQ
AI Infrastructure: $TAO, $0G, $IO
DeFi: $UNI, $PENDLE, $AAVE
Onchain: $PUMP
Top 3 Across 10 Sectors:
Privacy: $ZEC, $XMR, $ZAMA
Perp DEX: $HYPE, $LIT, $ASTER
Private AI: $VVV, $NEAR, ethereum:0x6c5ba91642f10282b576d91922ae6448c9d52f4e
RWA Infrastructure: $PLUME, $LINK, $CFG
AI Inference: $ORBIO, solana:nosXBVoaCTtYdLvKY6Csb4AC8JCdQKKAaWYtx2ZMoo7, $SURPLUS
Tokenization: $ONDO, $BP, $UNI
DePIN: solana:rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof, $FIL, $PEAQ
AI Infrastructure: $TAO, $0G, $IO
DeFi: $UNI, $PENDLE, $AAVE
Onchain: $PUMP
RHC is still ridiculously early
A few alts can grow into billions
My top 6 rn based on tech, team, and roadmap
A: $ORBIO
Marketplace + API gateway for discounted AI inference credits
Hold/stake ORBIO → earn CREDIT → trade or activate → spend on AI inference
B: $INDEX
Index is a growing tokenized asset ecosystem: Indices turns protocol fees into stock rewards, buybacks, or liquidity; Blend lets anyone build and trade ETF-like baskets;
Revenue across the ecosystem flows back into INDEX
C: $UBIK
Product not revealed yet — appears to be a persistent data/memory layer for AI agents that pulls context across platforms and serves it back when needed
Built by @aixbt_agent dev
D: $ZZZ
The coordination layer for AI agents & humans, members propose ideas, AI turns them into structured tasks, and humans or agents execute them
GMX dev behind it
E: $PRISM
RWA marketplace + DEX for finding and trading tokenized stocks, treasuries, gold, real estate etc., with asset verification, aggregated liquidity/routing, and LP rewards built in
F: $PROLOGUE
A Uniswap v4 DEX where each asset pair gets its own market logic, protocol dynamically adjusts swap fees depending on volatility, time and market sentiment, pricing risky assets more efficiently
RHC is still ridiculously early
A few alts can grow into billions
My top 6 rn based on tech, team, and roadmap
A: $ORBIO
Marketplace + API gateway for discounted AI inference credits
Hold/stake ORBIO → earn CREDIT → trade or activate → spend on AI inference
B: $INDEX
Index is a growing tokenized asset ecosystem: Indices turns protocol fees into stock rewards, buybacks, or liquidity; Blend lets anyone build and trade ETF-like baskets;
Revenue across the ecosystem flows back into INDEX
C: $UBIK
Product not revealed yet — appears to be a persistent data/memory layer for AI agents that pulls context across platforms and serves it back when needed
Built by @aixbt_agent dev
D: $ZZZ
The coordination layer for AI agents & humans, members propose ideas, AI turns them into structured tasks, and humans or agents execute them
GMX dev behind it
E: $PRISM
RWA marketplace + DEX for finding and trading tokenized stocks, treasuries, gold, real estate etc., with asset verification, aggregated liquidity/routing, and LP rewards built in
F: $PROLOGUE
A Uniswap v4 DEX where each asset pair gets its own market logic, protocol dynamically adjusts swap fees depending on volatility, time and market sentiment, pricing risky assets more efficiently
Xremlin retweeted
“The clarity act not passing is extremely bearish for crypto.”
“No it’s not, have you read the act?”
“No, have you?”
“No.”
Here's how to play it right:
1. Ignore the coin completely
2. Create a watchlist of coins you wanted to buy but were too expensive
3. Buy the inevitable dip on all chains
4. Wait until LAPTOP slow rugs
5. Your memes are funny again












