some thoughts on this 1/ first off must read, good compilation of projects ; really good alpha gathering here 2/ secondly from markets perspective i find that lending & borrowing is a very much solved primitive and as such new protocols dont really have much moat especially when entrenched winners move over. i mean lending, borrowing, yield - not only are these verticals solved, they're also sorely based on antifragility - w all the hacks going on, no one wants to put serious money into a protocol 2 weeks old. theres also no real new innovation to be done here; hence no new earnings inflection on top of existing defi revenue. 3/ as such i dont really view lending borrowing tokens net new nor interesting 4/ dex tokens and launchpads are the obvious longs here when a chain picks up. this trade is evidently late with the top launchpad up 100x ; but i think there is space for a winning dex / aggregator - we've found the pump of RH, but the raydium / jupiter is yet to be seen. with uniswap on the chain though, i think an aggregator makes alot more sense than a standalone dex. 5/ stock token pairs are very much memes - i dont think theres any new innovative layers here. at best i believe these will trade like beta to the underlying, at worst i dont see a key differential bw token1 paired to stockXYZ and token2 paired to the same stock. and so the framework to approach this is w akin to memes - all an attention game 6/ taking all this into consideration, to me, there is at best 5 tokens to long on RH chain - personally only like 2 ; bear in mind i am not a meme guy (bad at these games) 7/ side note - alts at these levels feels like do or die - we had the mania, we had the celebrity coins, we have all the grifters coming out of the woodwork aft 1 day. i will say, if we only get 1-2 weeks of pump though, that would be very disappointing, even for crypto sometimes you just have to take a chance