The largest remaining fud for ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 is the looming unlocks Vlad very clearly explains they are a non issue as - There is no cliff. Most tokens get a huge 25% unlock on the 1st anniversary but LIT doesn't - The unlocks are actually end of January not end of December as many thought - They've spoken to the cap table and the majority are very long term investors that don't plan to sell - For the small minority that want to sell, they already have large partners that want to allocate to LIT but can't because the current market isn't liquid enough. These large partners can simply buy out the vests from those that want to sell Very good call, this was what we were looking for outside of the robinhood partnership and regulation stuff note: dcf cap holds @Lighter_xyz

pumpfun is back to controlling 90%+ of launchpad revenue good reminder that temporary fragmentation and actually breaking a network effect are two very different things insane level of resilience

Looks like people are starting to realize that a network that sits at the center of AI model pre-training and inference only trades at such a discount to its peers because it has a token (which btw accrues all value and free cash flow), and it probably shouldn’t be priced that way. $GRASS up from $190M to $750M fully diluted valuation since just February. Exa valued at $2.2B Parallel Web Systems at $2B Firecrawl undisclosed valuation at last $75M raise (likely multi-billion dollar valuation)

Greatest cycle yet because even when the number goes down you can just check if they made money and feel comfortable holding In the past it was just like what’s the vibe on twitter and when will tether mint some stables

In April parallel raised at a $2b valuation In May exa raised at a $2.2b valuation Firecrawl just raised $82m at an undisclosed valuation @grass just beat them all on overall success and on the most challenging domains It trades at a measly $0.6b valuation because instead of equity it’s all for the crypto token Send it Note: dcf cap holds solana:Grass7B4RdKfBCjTKgSqnXkqjwiGvQyFbuSCUJr3XXjs

The guy that does so much diligence he sent a staffer into the Strait of Hormuz to literally look at the ships Just put @DeriveXYZ as his #1# crypto bet After being one of the earliest in the tradfi ecosystem to pick up on hyperliquid Respect to @citrini 🙏 Note: dcf cap holds ethereum:0xb1d1eae60eea9525032a6dcb4c1ce336a1de71be

V3 is live. What I'm most excited about: Fast listings due to risk universes, bringing RWA options and perps on metals, indices, and equities No-code vaults: anyone can build structured products and run automated, discretionary, or hybrid strategies, giving depositors options yield that's otherwise hard to generate themselves A growing ecosystem: new partner integrations and front-ends, with builders already moving in The flywheel: Easier integration > more front-ends > more takers > lower lift for desks & MMs to plug in > more makers quoting that flow > deeper liquidity 🌊 Building the best liquidity for onchain options, globally.

“v3 is near, and it is lightyears better than v2. We have taken all of the learnings of 5.5 years operating at the bleeding edge of internet finance and poured it into v3. It incorporates everything we’ve learned from traders, market makers, builders, and the markets themselves.” The hyperliquid of options is about to have its hip3 moment Note: dcf cap holds drv