FLY might be Q2 2025’s dark-horse outperformer Beneath the memes is a token model that rewires where incentives flow in DeFi—straight to the wallets actually pressing “Swap.” Their TGE will be on 6 June (as announced on @krakenfx roadmap) Here’s the deep dive. ⬇️ https://x.com/flytrade_/status/1928480889677443154 The setup – valuation gap @1inch ≈ 320 M marketcap @JupiterExchange ≈ 142 M marketcap Yet, Fly already routes more chains than either, yet trades at a fraction of the peer multiple. If the pricing engine wins flow, multiples catch-up is the low-hanging fruit. Why flow will migrate Fly’s intent-based router taps every L1/L2 plus @SonicLabs’s 400 ms finality. Internal tests show it beating other aggregators on price >70 % of the time. Best price + zero extra clicks → orderflow gravity. https://x.com/dr_rahemanAli/status/1912111214957670536 Tokenomics 2.0 – the trader-first ve(3,3) Classical ve(3,3) directs emissions to LPs. Fly flips the script: emissions subsidise trading costs. Trade → earn emissions Lock FLY → mint xFLY → get vote power Vote for pairs → deeper fee rebates + bribe income Result: emissions chase real volume, not idle TVL.