the only people that expect a s3 airdrop are those who missed the airdrop, didnt have the capacity to reason horizontally to other platforms like lighter, and variational, and cling stubbornly to an honestly entitled belief that they should be rewarded for the platforms pmf its 40 years of staking emissions plain and simple

Slowly, then quickly

Spot the common theme

ahead of the curve. that bottom deviation is very nice and any consolidation below $2 is probably decent. every large perp dex (hl and lighter) are turning into infra plays by onboarding separate books for clients like Robinhood, Kraken, etc. layerzero is doing the same with a headless approach but their tech is 10x faster than anything on the market so far. most people will stay sidelined because they think interop is the main focus - it's not; it's all about markets now. godspeed. $ZRO

$GRASS is one of the most interesting tokens at the intersection of crypto and AI as it 1) plays a critical role across model training and usage, 2) has a triple digit annual growth rate, and 3) is trading at ~6x forward revenue with strong gross margins despite the above. In my opinion, as revenue growth accelerates in the second half of the year, new product releases (LCR) approach, and the team takes the market's feedback to heart and increases the cadence of financial and traction updates, we will likely see a re-rating to closer to my own estimate of fair value which is approximately $GRASS at $1.50. Grass Network is a direct beneficiary of continued growth in AI usage by both providing the major frontier labs the structured data needed for model pretraining and also as it expands its product set to provide real-time data to models during inference. One of the major pushbacks to Grass has been the lack of frequent updates of their financial progress which is a reason Grass is still trading at what is in my opinion such an attractive relative valuation. I think the team recognizes this dynamic and this report is them hearing the market's feedback and making the right adjustments. Great sign when an exceptional team recognizes the areas for improvement and levels up.

Mysterious whale 0x6436 bought another 373,730 $HYPE ($36M) today. In just the past month, this whale has bought 4.7M $HYPE ($400M) — insane! arkm.com/explorer/address/0x…

Our original thesis with Frictionless was that throughput would enable net new use cases that weren’t previously possible Admittedly, I think we got that about 50% correct The other half was monetization and revenue. That is now very obvious in owning the TradFi stack with order flow and execution If you believe we are still in the early innings of moving global capital markets onto internet rails, we are less than 1% along in that journey It’s only now that we have performant infra to support 1 bp spreads onchain. Next is onboarding all the assets, then volume We at @FrictionlessVC are very excited about global tokenization. If you’re building along this theme, we are actively deploying and would love to chat. DMs open!