Realtalk. I still think $JUP can go back to $1 But there's one huge problem: Jupiter's cash cow (Perps) is dying. They completely slept on this market A year ago, Perps generated around $8M/month. Today, a good month is closer to $3M. That's roughly $60M in annual revenue gone, representing more than 50% of the protocol's revenue. Which brings us to the next issue: Buybacks have become too small to have much economic or psychological impact Jupiter allocates 50% of revenue to buybacks (and burns?), which currently annualizes to around $24M Meanwhile, Hyperliquid uses 99% of protocol fees for buybacks, currently running at roughly $730M annualized It's pretty clear Jupiter lost significant Perps market share, especially after the cancelled airdrop. What they need now is another spotlight product Hyperliquid has a product that prints millions every month and has a clear vision: becoming the future of finance and trading Jupiter has some of the best products in crypto, but it feels like they have a bit of everything without that one true unicorn that defines the ecosystem You could argue Jupiter doesn't need one because it's becoming the onchain super app. That's a fair point But then basically competing with centralized exchanges is incredibly difficult. They have deeper pockets, stronger incentives, better staking programs, and more resources I really hope Jupiter surprises us with a banger, because at their current size I don't think the buybacks do anything P.S. I like GUM, but I don't think it'll be that unicorn product. In my opinion, it's launching 2–3 years too late into a market that's already crowded with similar products P.S. II. I'm a large $JUP holder and the #1# JUP bull poster, so this shouldn't be FUD. It's simply my honest assessment of where Jupiter stands today and the feedback I'd give the team

RealGo #RealTalk# AMA is coming hot to the community! 🎙️ We are thrilled to invite our CGO & CMO, as special guests to address EVERYTHING the community cares about. What burning questions do you have for them? Drop your thoughts in the comments below!👇

Real talk. If your employer offered you a 401k match and called it a benefit just know they calculated exactly how little they needed to offer to keep you from leaving. It wasn’t generosity. It was retention math. Know the difference.

Real talk: among the top 5 crypto exchanges, our biggest weakness right now is probably institutional business and API trading volume. Time to level up. I’m kicking off an intensive tour to visit our institutional clients, listen to exactly what they need, and build out the best account systems, performing APIs, and better financial products for them. (Here's me hard working at a client's office today 😅)

6/ Real talk: The hype machine turns real cooperation into emotional gold. Cape Verde earned this on the pitch with heart and diaspora talent. China gets the warm glow of “global contributor.” Win-win for engagement. Small nation shines. Big nation borrows the shine. Everyone scrolls happy. At home however Chinese are starting to mock the non performing Chinese teams.

MemeCore Campus Tour: Career Real Talk at Hanyang University🎓 Had an incredible time with @hyblock_kr at Hanyang University for the MemeCore Campus Tour. We talked career strategy for the real ones — PO, DEV, Strategy roles in Web3, and what it actually takes to break into global markets. Loved every question, every conversation, and every student who stayed after the session just to keep talking! Big thanks to everyone who showed up and brought that energy. The next generation of Web3 builders is already here — and they're ready! Stay Core, Stay Meme!

This week's episode of Real Talk with Zuby is out today! @SteveHiltonx is the Republican candidate for Governor of California. We discuss what's really going on there, why he decided to run, and what his plans are to fix the state of things. Watch:

Indian journalist @lalitkjha joins this new episode of Real Talk to discuss why Americans should pay closer attention to India. He explains how India’s religious and linguistic diversity, economic growth, and democratic system make it fundamentally different from China. Watch here: