Previously mentioned @metaplex's new Genesis protocol project @dmdotfun, launching on the 21st. So far, among the earlier launches, it seems like goat was a bit underwhelming. The best ones were still card and exo in their early stages. But the market has been shifting recently, and with so much money flowing around lately, people might not have enough liquidity on hand, so it’s worth keeping an eye on things. Last month, mplx protocol revenue was around 2.5m, and 1.1m of that was used to buy back mplx—almost half of it. If we were to rank current projects based on profitability: Right now, over 90% of crypto projects are losing money (I’m talking about the profitability of the project itself, not the project team). Projects that are infrastructure-based and have consistent revenue streams are truly top-tier. And those that consistently use profits for buybacks—so far, I think I’ve only seen that on @HyperliquidX. I personally have a soft spot for projects like this. Too bad they’ve already issued their tokens... Anyway, keep an eye on @metaplex!