Valueverse

Token Revenue Matters Welcome to the "Selective Altseason" Token revenue and multipliers: one of the clearest ways to identify fundamentally strong tokens early. -> $RAIL @RAILGUN_Project + $WALLET @ambire -> $VVV @venice_ai + $POD @dphnAI -> $NEAR @NEARProtocol -> $HYPE & some HyperEVM's projects such as @Kinetiq_xyz $KNTQ, @NestExchange & $NEST (all of them + many others are on the Valueverse's listing track). You need not surface-level “good to know” data, but investable data that drives actual allocation decisions. Great time to be in crypto. Early access -> link in comment👇

Early access to ACCRUAL by Valueverse: #request-access" target="_blank" rel="nofollow noopener">valueverse.ai/#request-access

ACCRUAL represents a standard for that layer.. - human-verified holder cashflow, isolated from protocol revenue - independent research focused on value accrual mechanisms & stats - proprietary calculated data - expressed as Holder P/FCF, Cashflow Yield, FCF Momentum, Yield-to-Vol TradFi-legible. Designed to add revenue fundamentals to a scope of an IC meeting.

Institutional capital is allocating to digital assets at scale. The data layer beneath those allocations is built on assumptions borrowed from the wrong asset class. 🧵

Early Access: #request-access" target="_blank" rel="nofollow noopener">valueverse.ai/#request-access

Token Revenue Matters Welcome to the "Selective Altseason" Token revenue and multipliers: one of the clearest ways to identify fundamentally strong tokens early. -> $RAIL @RAILGUN_Project + $WALLET @ambire -> $VVV @venice_ai + $POD @dphnAI -> $NEAR @NEARProtocol -> $HYPE & some HyperEVM's projects such as @Kinetiq_xyz $KNTQ, @NestExchange & $NEST (all of them + many others are on the Valueverse's listing track). You need not surface-level “good to know” data, but investable data that drives actual allocation decisions. Great time to be in crypto. Early access -> link in comment👇

There are much more protocols doing that, ~80

Cannot wait to add v3 pools to yb.valueverse.ai The most detailed independent data source for @yieldbasis protocol

@iruletrenches @AerodromeFi Only fundamentals matter.

a shitty launch doesn’t change the fundamentals i learned that on $VVV’s launch on @AerodromeFi sometimes you have to filter out the bias and emotions, stick to the fundamentals, and trust your due diligence

The implication of the 'TradFi Takeover' for token issuers: If your protocol doesn't have a number you can put in front of a credit committee, you're not in the fight for that next dollar. coindesk.com/business/2026/… via @coindesk

@JasonYanowitz Tracking price vs fundamentals to make true data visible (and possibly be able to look into the future..) x.com/valueverse_ai/…

Calling it: Beginning of a new bull market Small signs here and there of life. Will become more obvious as the year progresses. Giddy up.

Agree on the industry maturing, but diversified revenue ≠ diversified value capture. Of all that protocol revenue, how much actually reaches token holders? Pumpfun, Axiom, Hyperliquid, Aerodrome — each has very different mechanics for translating fees into holder cash flow. Revenue is the input. Value mechanics determine the output. That's the gap we're closing with Accrual - full revenue attribution and true valuation multipliers across the stack.

A sign that the crypto industry is maturing: Onchain revenue is now much more distributed.

Could $VVV bull run have been foreseen? Chart below suggests: possibly YES. Cooking: $VVV price vs. fundamentals using our original framework centered around Holder P/FCF multiplier

Tokens are great if have programmatic value accrual (meaning code-guaranteed revenue & other utility). If we can solve legal problem and guarantee that everything goes to the token, it could be much better asset class. I It also means that creating an "equity token" possibly is a solution for some types of projects.

Just got back from @consensus2026 Miami. Some unfiltered thoughts on the vibes: The industry has clearly grown up. The degens are gone, the allocators are wearing suits, and your @Uniswap booth has been replaced by a JP Morgan activation with 50 year old boomers. Cautiously optimistic with a distinctly institutional aftertaste. This was not a bull market conference. Key takeaways: 1) CLARITY Act has serious momentum. Everyone at the conference basically agrees it's getting done before summer. The urgency is real, people are done waiting. And the regulatory window feels genuinely unprecedented: CLARITY Act, GENIUS Act, a CFTC chair actively engaging with the industry, this combination has never existed simultaneously before. The institutional urgency you're seeing everywhere is directly correlated to this window feeling time-limited. Miss it and you're explaining to your board why you sat on your hands during the most favorable crypto regulatory environment in history. 2) Institutions are not dabbling anymore. They are ALL IN on tokenization and terrified of missing it. No one is debating whether blockchain rails are useful. The debate is now who gets the mandate. And quietly @coinbase , @krakenfx , @RobinhoodApp and @Bullish and others are being seen more as competitors than potential partners by a lot of these TradFi players. 3) TradFi M&A is going to keep ripping. @krakenfx just grabbed Reap for $600M. Visa, Mastercard, Swift etc they can't miss the train and they're willing to overpay for the ticket. 4) Crypto VC is consolidating fast. @a16z and @katie_haun just announced $2.2B and $1B funds respectively. Meanwhile the boutique VCs are either pivoting to AI or quietly closing shop. Same playbook is happenign as traditional VC, the big platforms eat everything and the small guys scramble. Seed and pre-seed is basically a ghost town right now. Late stage and pre-IPO is where the action is. 5) Investment themes were aggressively consensus (no pun intended): Stablecoins, tokenization, vertically integrated neo-banks, regulated or permissioned DeFi. Literally everyone is trying to be a tokenization platform. Issuance, management, settlement, curation, pick your lane, slap tokenization on it, try to raise money. 6) Building in crypto is genuinely hard now. Your competition isn't some scrappy new L1 or GMX, it's @tether , @Anchorage , and @Securitize. there are now many crypto businesses running 200M+ annual Rev with serious management teams and deep pockets. The barbarians are now the establishment. New entrants are going to have a very bad time. 7) Pure token-only plays have become extremely contrarian. Controversial take but I think the biggest returns will come from a handful of tokens that can credibly signal in a compliant way that the token remains the only value accruing asset going forward. 8) A lot of teams are in a genuinely weird spot on the token/equity dynamics. Decent products, decent teams, but a complete stakeholder clusterf*** that nobody can untangle. Many of these will simply not survive. 9) The agentic finance and agentic commerce crowd was loud. The actual substance was not. A lot of big claims, very little to show for it. Feels very early and mostly vibes. Color me skeptical for now. 10) @Bullish acquiring Equinity for $4.2B was the boldest move of the conference. @ThomasFarley and @BonannoDavid now have a full-stack RWA proposition: issuance, transfer agency, tokenization, exchange and settlement under one roof. Massive move. Very positive for the industry regardless of whether you think the price or the move were right. 11) @BitMNR and @fundstrat are apparently tired of winning and has decided to let your grandma keep her ETH... for now. The pace of accumulation is slowing. Tom, we await your next allocation with bated breath. 12) DeFi apps are moving up the stack and getting smarter about it. They don't want to be the commodity infrastructure layer getting squeezed by exchanges that own distribution. Some genuinely interesting announcements, @buffalu__ at @jito_sol launching JTX being the highlight. 13) Nobody at the conference was talking about retail coming back. The entire conversation was institutional. That's either a sign of maturity or a sign that the industry has quietly given up on mainstream consumer adoption for now and is betting the next cycle gets pulled by institutional flows rather than retail FOMO. Probably both. 14) The L1 debate is officially dead. Nobody and I mean nobody was arguing SOL vs ETH or pitching their shiny new L1. The crowd that used to religiously defend their chain of choice has either grown up, cashed out, or both. Institutions don't care about your consensus mechanism. They care about settlement finality, compliance rails and liquidity. The L1 wars were fun while they lasted. RIP. 15) DATs are a mess. Had some genuinely productive conversations with a few of them but let's be honest most are an absolute clusterf*** operationally and very few are running anything resembling a legitimate business. The structure is a disaster at the stakeholder level and the governance makes your average startup cap table look clean. That said, the permanent capital vehicle concept is still genuinely compelling and I think a handful of these will turn out to be absolute home runs. The model isn't broken, most of the teams just are. Bottom line: Consensus 2026 felt like the moment crypto stopped being a movement and started being an industry. Whether that's exciting or depressing probably depends on when you got in.

It’s coming: Accrual. - Real data on what tokens actually earn (full revenue attribution, all cashflow sources, and true valuation multipliers). - Built for investors, not IR decks. - Fully proprietary. Verified from scratch. DM if you want early access.

@wagmiAlexander @newmichwill @0iqWireshark @DefiLlama You can also use our dune (same data) dune.com/valueverse/crv…

@newmichwill @0iqWireshark @DefiLlama Is there an independent 3rd party data provider tracking Curve REVs as such? Just trying to figure out if this is an integration issue or definitional / accounting issue. If @DefiLlama or another source plugged it in would be easier.

Token Revenue — a token’s direct claim on protocol value: fees, buybacks & burns flowing to holders. Token Emissions — the full cost token holders subsidize: inflation, unlocks & rewards entering circulation. A framework to separate the signal from the noise.

@newmichwill @wagmiAlexander @0iqWireshark @DefiLlama app.valueverse.ai/tokens/curve-d…

@wagmiAlexander @0iqWireshark @DefiLlama crvhub.com perhaps, and I saw some good queries from @valueverse_ai. But I am saying it because I do get weekly vote incentives from Votemarket regardless of having or not sdCRV and/or SDT- just veCRV needed as well as votes for the right pools

We’ve spent years building the infrastructure that makes Bitcoin mining accessible at scale, and it’s good to see the work being recognized. What do you think this says about the future of Bitcoin mining?

@ZukoWick @GoMining There is a report section where you can see all details

@valueverse_ai @GoMining Never heard of it. I will check it out now.

$GOMINIG is now tracked at Valueverse. @GoMining is a pioneering RWA protocol that tokenized ~1.5% of global Bitcoin hashrate since 2021. Holders P/FCF, protocol fees, net burns + USD value that holders captured🧵

Full dashboard: gomining.valueverse.ai In-depth report 🔜