2025–2026, imo, is the period that showed the clearest value of tokens backed by real revenue and real value capture. Thousands of projects disappeared when attention and liquidity moved elsewhere. But protocols with real products, real users and real revenue are still here. And more importantly, some of them are finding ways to return that revenue to the token. Look at the current numbers: – @HyperliquidX $HYPE: ~$60M holder revenue in 30D, with most trading fees flowing into HYPE buybacks – @CantonNetwork $CC: ~$49M in 30D, with network fees used to burn CC – @trondao $TRX: ~$24M in 30D, with network fees continuously burning TRX – @Pumpfun $PUMP: ~$24M returned to holders in 30D through token buybacks – @uniswap $UNI: ~$16M in 30D, with protocol fees now flowing into UNI buyback/burn – @ponsdotfamily $PONS: ~$15M in 30D, with a large part of revenue used for buyback and burn – @aeroxyz $AERO: ~$14M in 30D, with trading fees distributed to veAERO voters – @LaunchOnSF $STONK: ~$10M in holder revenue, mainly through market buybacks – @PancakeSwap $CAKE: ~$5M in 30D, with revenue from multiple products used to buy back and burn CAKE – @Aster_DEX aster-2:native: ~$4.6M in 30D, with most platform fees currently used to buy back ASTER For me, the more interesting model is: Real users → real fees → real revenue → real token capture. I think this will become one of the metrics worth watching much more closely in the next phase of the market. NFA.

2025 was the perp DEX volume war. 2026 is the perp DEX product/infrastructure war. I filtered the most important updates so you can save time researching every perp DEX yourself. This should help you quickly see who is building what, how they differ, and which DEX fits your needs best. Perp DEXs used to compete mainly on volume, liquidity, fees, and execution. This year, the battle is expanding across several new product layers. ❯ Permissionless markets @HyperliquidX is pushing this through HIP-3, letting builders deploy their own perp markets and choose the oracle, leverage, and market parameters. @standx_official is taking a similar direction with Universal Markets, with more focus on community liquidity for new markets. ❯ TradFi / RWA markets @variational_io stands out with Swaps, bringing TradFi liquidity and financing logic into onchain derivatives. @edgeX_exchange, @OstiumLabs, @tradexyz, @OndoPerps, and @gmtrade_xyz are expanding across equities, FX, and commodities. The battle here is around pricing, liquidity, and funding for global markets. ❯ Productive margin @grvt_io, @extendedapp, and @Aster_DEX are making collateral more useful. The same balance can earn yield, act as margin, and support multiple markets. ❯ Privacy @paradex, @Aster_DEX, and @hibachi_xyz are turning private execution into a core trading feature. Position data, wallet activity, order flow, and trading intent can all gain an extra privacy layer, especially for whales and institutional flow. ❯ Emerging challengers @pacifica_fi, @nadoHQ, and @perpltrade are the names I’m watching here. Strong distribution, chain-native communities, and a clear product wedge can help newer venues capture market share quickly. If I had to simplify it: Hyperliquid: permissionless markets Variational / edgeX / TradeXYZ / Ondo Perp: TradFi & RWA GRVT / Extended / Aster: productive margin Paradex / Hibachi : privacy Pacifica / Nado / Perpl: emerging challengers 2026 is turning the perp DEX market into a race around specialization. Market leaders can keep scaling liquidity and distribution, while challengers can own specific niches. The next perp winner may win a specific market first.

2025 vs. 2026: from rookie to agile runner. #humanoidrobots# have leveled up fast. 🤖✨ The second World Humanoid Robot Games will kick off in #Beijing# today. Watch the robot athletes shine!

2025. Eric Swalwell tells Charlamagne that the Chinese spy scandal was all BS and that Republicans lie about him because he is a white Christian. 🤣 No one enjoys being lied to more than Charlamagne the Clown.

2025. Eric Swalwell says the criminal justice system should focus on and throw the book at people who commit violent or sexual crimes. What a great idea Eric. As part of the sexual misconduct investigation into Swalwell, the FBI recently seized his electronics and searched his home.

2025 AltStar Expo: Day 1 Candid Gallery by Rick Garcia See the Post ► Featuring: @AltStarMag @industrybyrick @Stacyfiredoll2 @RobinCoffins @alterotic @iamivanxxx #altstarawards#

2025 global births by county (top 50): 1. 🇮🇳 India: 23.1M 2. 🇨🇳 China: 8.7M 3. 🇳🇬 Nigeria: 7.6M 4. 🇵🇰 Pakistan: 6.9M 5. 🇨🇩 DR Congo: 4.6M 6. 🇮🇩 Indonesia: 4.4M 7. 🇪🇹 Ethiopia: 4.2M 8. 🇺🇸 United States: 3.7M 9. 🇧🇩 Bangladesh: 3.4M 10. 🇧🇷 Brazil: 2.5M 11. 🇪🇬 Egypt: 2.5M 12. 🇹🇿 Tanzania: 2.4M 13. 🇲🇽 Mexico: 2.0M 14. 🇵🇭 Philippines: 1.8M 15. 🇺🇬 Uganda: 1.7M 16. 🇸🇩 Sudan: 1.7M 17. 🇰🇪 Kenya: 1.5M 18. 🇦🇫 Afghanistan: 1.5M 19. 🇦🇴 Angola: 1.4M 20. 🇾🇪 Yemen: 1.4M 21. 🇻🇳 Vietnam: 1.3M 22. 🇲🇿 Mozambique: 1.3M 23. 🇷🇺 Russia: 1.2M 24. 🇮🇶 Iraq: 1.2M 25. 🇿🇦 South Africa: 1.2M 26. 🇳🇪 Niger: 1.1M 27. 🇮🇷 Iran: 1.1M 28. 🇹🇷 Turkey: 1.1M 29. 🇲🇬 Madagascar: 1.0M 30. 🇨🇮 Côte d’Ivoire: 1.0M 31. 🇲🇱 Mali: 987K 32. 🇨🇲 Cameroon: 981K 33. 🇺🇿 Uzbekistan: 911K 34. 🇹🇩 Chad: 907K 35. 🇬🇭 Ghana: 898K 36. 🇲🇲 Myanmar: 888K 37. 🇩🇿 Algeria: 855K 38. 🇸🇴 Somalia: 822K 39. 🇯🇵 Japan: 748K 40. 🇧🇫 Burkina Faso: 742K 41. 🇿🇲 Zambia: 709K 42. 🇩🇪 Germany: 708K 43. 🇨🇴 Colombia: 693K 44. 🇲🇼 Malawi: 685K 45. 🇬🇧 UK: 680K 46. 🇫🇷 France: 635K 47. 🇲🇦 Morocco: 619K 48. 🇸🇾 Syria: 601K 49. 🇹🇭 Thailand: 572K 50. 🇸🇦 Saudi Arabia: 565K Nigeria alone had 1M more births than the entire Europe