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|Legacy
BTCBTC
💲70560.54
-
2.62%
ETHETH
💲2066.46
-
2.82%
SOLSOL
💲86.69
-
3.87%
TRUMPTRUMP
💲3.90
-
2.99%
USDCUSDC
💲0.9998
-
0%
DOGEDOGE
💲0.09440
-
4.68%

sanyi.eth
sanyi.eth|Sep 11, 2025 06:34
A while back, when I was researching CARDS, I came across a super impressive project called @metaplex. Not many people have mentioned it, but they've already issued a token, and it's even listed on BN alpha. This thing mainly handles token/NFT launches on Solana. Right now, 99% of NFTs and tokens on Solana use their protocol. For example, popular meme platforms like @pumpdotfun, @BagsApp, and @believeapp are all using it. In July, they launched the Genesis protocol, and on August 26th, their official Twitter announced that CARDS was the third launch under the Genesis protocol. Then, you all know what happened next. I saw it at 49M and thought, "Who the hell would buy this?" But later, it hit 500M... Honestly, for a top-tier protocol that's almost monopolistic, if it were on EVM, it would've been CX'd to death already. But it seems like not many people are talking about it on Solana right now. 50% of their protocol revenue is used to buy back MPLX. Just from pure protocol revenue, they're pulling in around 200WU+ per month. Although it's not as big as perp, for infrastructure like this, achieving this level is already pretty impressive. I feel like it's worth keeping an eye on every project launched under their Genesis protocol. Including yesterday's @exotic_markets_, they've only launched four so far...
+5
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Timeline

Oct 11, 03:14JustLend DAO releases JST buyback and burn proposal
Oct 11, 02:00Aethir launches $45 million DAT buyback program
Oct 11, 01:36Completed the buyback of 100 million ASTER tokens
Oct 11, 00:41Aster has completed the buyback of 100 million ASTER tokens
Oct 10, 23:28Galaxy raises $460 million to advance Texas AI data center transformation
Oct 10, 19:05four.meme has not completed the buyback, narrative heating up
Oct 10, 18:51PumpFun Perps era is coming
Oct 10, 16:15Talus becomes a core participant in AI, decentralized infrastructure, and prediction markets
Oct 10, 14:29Binance Sect now sees Aster as the existence of small BNB.
Oct 10, 12:20Gate Alpha launches Sesame Open Token trading event

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