Wanted to expand on the graduation point from my last Elys post imo tokens launched on @Enter_Elysium have a shot at the full HL lifecycle: onchain → HL spot → HL perps e.g. on RH chain most protocols want to get listed on the RH app as a form of validation. On Elys tho, the next step up is HL itself. huge distro perk for builders rn most of the launches are happening on @MontraXYZ as with every new chain, the first and fiercest battleground is... you guessed it, the launchpads lol using data from elysa terminal: > ~65% of launchpad volume in the last hr, ~62% over 24h (vs ~27% all time, so flow is rotating in) > ~66% of new tokens in the last hr, 11K of 18.6K in the last 24h > $EACCAT is the biggest trending token at ~$4.4M on Montra, followed by $BLOB at ~$2.7M on Elyspump and $CHAMELEON at ~$2.2M on Montra > 3 of the top 5 trending are Montra launches > ~20 launchpads on the chain rn and Montra is doing ~2/3 of the flow before mainnet goes live Nov 9 will be interesting to see if they can hold the lead going into mainnet, but the flow dominance so far (volume traded, tokens launched, highest mcap coins) is a strong start anw tech wise, the pad has one uni v4 pool per token, no migration + fee sits in the pool not the token. protocol cut buys back $MONTRA via the kinetiq:native pair, so it depends on volume holding up after TGE (the rev buybacks and xRev narrative here will be one to watch again) interesting spot to consider from the Elys onchain -> HL spot/perps lifecycle narrative, and imo the tokens with the best narratives will stand the best chance at doing so (i.e. $CASHCAT listing on RH few weeks into chain going live)