It is getting pretty clear that @LaunchOnSF is not competing for meme launches alone but it is competing to own the speculation layer of every crypto/RWA community. All this while Pump’s model was largely one casino denominated in SOL while STONK' model now is more expansive. Now people might say Pons currently reports higher gross fees but remember rankings depending on whether they mean fees, revenue or holder payouts. For solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx token valuation, revenue and mechanically verified buyback spend are the metrics that matter. Which is why the ratio worth looking here is mcap vs recurring buyback capacity cuz ~59% of STONK lifetime revenue has gone to buybacks, while the current 7D revenue pace annualises ~$350M which shows why the token can rerate violently if activity stabilises even materially lower. The positive loop is👇 more quote-pair communities → more token launches and post graduation volume → more revenue → more buybacks/burns → stronger STONK balance sheet & reflexivity → higher quality launches choose STONK This is why solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx is more like a cashflow index on Solana’s attention economy.