The recent acquisition of World Labs by AMD shows the puck is going towards spatial intelligence being the next frontier. The obvious bet on this thesis in the token economy (to me) is Geodnet. A project the market has undeservingly slept on for years. The GNSS market is projected to be a $14B+ economy by 2034, and Geodnet not only has the largest RTK network in the world, it offers the widest coverage at the lowest unit cost on the market. At just 5% of the GNSS market (currently well under <1% today), there is a 60x+ revenue upside to be had over the next 5+ years. But we don't need to wait 5+ years. Geodnet's traction is exponential *today*. 80% of Geodnet's revenue goes towards solana:7JA5eZdCzztSfQbJvS8aVVxMFfd81Rs9VvwnocV1mKHu burn. There is clear token alignment. The burn chart below is not a cumulative chart, although it looks like one. Burn is up 115% YoY, emissions were halved in July (another happening in July 2027), the last team unlock is in December, and solana:7JA5eZdCzztSfQbJvS8aVVxMFfd81Rs9VvwnocV1mKHu is nearly deflationary today. Trading at ~11x run-rate burn, not including future growth, I think this likely re-rates soon. The chart also looks bananas dating back to 2022. Disclosure: I am long solana:7JA5eZdCzztSfQbJvS8aVVxMFfd81Rs9VvwnocV1mKHu. Blockworks Intel has all of the alpha.