i like the direction Kinetiq is taking with Elysium the buyback and burn mechanism is interesting, especially with a portion of protocol revenue going toward reducing token supply what i'm paying more attention to is their plan to get applications across the ecosystem to direct value back to KNTQ as well i think that's an important differentiator for L2s, where a lot of networks struggle to create meaningful value for their native tokens Hyperliquid already has significant mindshare, and Kinetiq has an opportunity to build around that existing attention

97% of $KAS coins have already been mined... According to Kaspa Explorer, a full 96.85% of all @kaspaunchained's tokens have already been mined by those maintaining the network. As highlighted by @MSBIntel, this is even more than $BTC itself, for which only ~95.73% of coins have been mined. One thing is for certain, both are in a better position than projects that raised vast sums of money from VCs...

Market Bubble ep.26: my full conversation with @armaniferrante (CEO of Backpack) on rebuilding Backpack after FTX, bringing US stocks to Solana, the future of onshore perps, tokenization and Backpack's long-term vision 0:00 - Backpack's evolution and the FTX collapse 6:35 - Bringing US stocks to Solana 11:33 - Tokenization and onshore perps 16:08 - Security, MEV and token incentives 21:57 - Backpack's IPO vision and what's next