Raydium price

Attention capital markets. Internet capital markets. Send it.

how to win the internet capital markets (icm) meta: with 1000s of app token launches, it’s going to get chaotic on solana — here are my quick running thoughts: –– first off, @believeapp is a great start and deserves credit for kicking off this meta. but it’s not truly icm (equity on-chain) — it’s more acm (attention capital markets): 1) no equity value — apps don’t have direct token integrations, and token holders don’t have claim to any revenue. it’s an attention token — and that’s fine! 2) attention = volumes = revenues [they're inherently incentivized to chase frothy narratives (like ai agents) to drive speculation] 3) >95% of apps will be from failed non-crypto founders looking for quick money — and that’s fine too, if they stick around and keep building in consumer crypto. i'm hoping all of them embed a solana wallet soon in their apps, or they’ll just suck liquidity. for investors (token buyers): you've to guess: how much attention can this app get? the best way –– try it out yourself and evaluate: – virality: does it have social/referral/token mechanics to go viral? – dev/founder: is the founder full-time or is this a side project? doesn’t matter who they are if they’re not committed. – are they shipping and iterating based on feedback, or just launched and now shilling the token? (if you can, talk to the founder before taking a sizeable position –– avoid any shiller's words) – crypto Integration: does the app actually use crypto, or is it a failed Web2 app trying to farm liquidity? – longevity: any platform play or retention mechanics that can make it last longer? – is the app live, or is it just a future launch? (most launches are bearish events — expectations usually outpace reality) what's ahead for internet capital markets: while believe is an early glimpse, if this meta sticks, it’ll evolve a lot. for instance: 1) launchpads will stay permissionless — but frontends will emerge to filter for quality. different frontends for different niches. protocol launchpads will compete (meteora dbc vs raydium Launchlab vs pump), but frontends will build moats via: – quality filters – integrations – embedded builder engines (e.g., vibe coding with @devfunpump) just like we have cex tiers, we’ll see tiers of frontend launchpads — ranked by user adoption and curation quality. 2) big opportunity for research firms and newsletters focused on liquid tokens (not alpha callers/shillers) –– think how it works in equity markets: –– independent research orgs (institutional and retail) will give tokens moody’s-style ratings, publishing proper research reports to help retail navigate. –– better research = better reputation = more influence. 3) someone will crack on-chain equity via an island jurisdiction (i.e owning tokens = owning equity of the app at the time of token launch itself) –– which @aeyakovenko pointed out as true internet capital markets. re: AI. it'll accelerate this meta a lot –– it's a huge tailwind and timing couldn't have been better. overall, love the focus on apps and consumers, combined with the speculation flywheel. i'll be doubling down on this meta –– and try my best to shape it. stay tuned. solana apps szn. attention capital markets. internet capital markets. send it.

TRENCHES: UNISWAP LEADS APRIL DEX VOLUME AT $70B, RAYDIUM CLOSES STRONG WITH $33B Uniswap dominated the decentralized exchange leaderboard in April, clearing $70 billion in monthly volume. Raydium followed as a surprise second, processing $33 billion amid Solana’s continued DeFi momentum. As cross-chain liquidity deepens and gas-efficient ecosystems gain traction, the volume race is heating up across Ethereum and Solana—pushing DEXs back into the spotlight. Source: @Crypto_Briefing

In April, Uniswap led all chains DEX trade volume with $70B (30%), while Raydium held second place with $33B

The Morning Minute (5.14) ⏰Top News: -Crypto majors are up 1-4% with ETH leading at $2,625 -Robinhood acquires Canadian crypto firm WonderFi for $180M -Abraxas Capital Management buys ~$500M of ETH over past week -Launchcoin ecosystem reaches $400M in size, sees $3.5M in daily fees -CryptoPunks IP acquired by The Infinite Node Foundation for a reported $20M 🌎Macro Crypto and Memes -Crypto majors are green with ETH leading; BTC +1% at $103,900, ETH +4.5% at $2,600, XRP +3% at $2.61, SOL +4% at $180 -RAY (+16%), PI (+13%), WAL (+11%) and ENA (+11%) led top alt movers -BlackRock’s IBIT BTC ETF broke its 20-day streak of inflows, coming in flat on Monday -Tether has purchased 4,812 BTC ($459M) to seed the treasury of 21 Capital, the new Bitcoin-focused company set to go public via a SPAC merger with Cantor Equity Partners -Robinhood acquired WonderFi for $180M as it expands its crypto services into Canada -VanEck launched VBILL as its first tokenised treasury fund on ETH, SOL and other chains, tokenized by Securitzie -Solana published a 26-page paper on tokenized equities outlining while their uniquely qualified to be the blockchain of choice -A Fidelity spokesmen gave a speech on Bitcoin, asking companies if they’re returning more than 65% on their invested capital and if not, telling them to buy Bitcoin -Abraxas Capital Management has bought ~$500M of ETH in the past week -Galaxy Digital posted a $295 million net loss in Q1, just before its planned Nasdaq debut -Arizona Governor Katie Hobbs vetoed bills that would have expanded the state's use of digital assets but signed legislation imposing strict regulations on crypto ATMs In Memes Memecoin leaders were green; DOGE +3%, Shiba +3%, PEPE +1%, TRUMP +5%, BONK +4% & FARTCOIN +5% Launchcoin dominated the Solana market again, with the overall ecosystem surging to $400M market cap led by LAUNCHCOIN running to $220M (+90%) GOONCOIN (+150%), BSCREENER (+550%) and AURA (+240%) were other notable Believe app movers 💰 Token, Airdrop & Protocol Tracker -Abstract head Luca Netz teased a Q4 TGE for $ABS on Tuesday -The Believe app generated ~$3.5M in fees on the day, more than Pump Fun -Kaito kicked off their partnership with Virtuals, with yappers and sKAITO holders staking 5k+ KAITO eligible to earn Virtuals Virgen points -Ethos airdropped 256 Ethos Validator NFTs to their top contributors, which opened at a 2.5 ETH floor -Hyperliquid added Fartcoin spot trading to its platform 🤖 AI x Crypto -Overall market cap jumped 1% to $11.4B, leaders were mixed -FARTCOIN (+5%), VIRTUAL (-2%), ai16z (-1%), GOAT (-8%), and AIXBT (even) -SHOGGOTH (+50%), VVAIFU (+30%), BNKR (+30%) and CLANKER (+25%) led notable movers -Virtual led mindshare with a 20% share; Fartcoin and REKT are next -Coinbase is adding encrypted messaging allowing for AI Agent communication for its Coinbase Wallet 🚚 What is happening in NFTs? -ETH NFT leaders are mixed with Punks leading; Punks +3% at 47.5 ETH, Pudgy -5% at 10.6, BAYC -3% at 12.1 ETH -Chubbicorns (48%) and Moncats (+20%) led notable movers -CryptoPunks jumped to 48 ETH ($128,000) after news of their acquisition by The Infinite Node foundation -BTC NFT leaders were very green again; Taproot Wizards +5% at 0.204 BTC, Bitcoin Puppets +3%, NodeMonkes +6%, OMB +21%, Quantum Cats even -Abstract NFTs went live on OpenSea leading to most collections jumping 10-20% -Refik Anadol sold out his project ‘Biome Lumina’ in 25 minutes, which consisted of 1000 pieces at $5k a pop ($5M raise), now at a 3.15 ETH floor -Meebits wearables went live for minting on OpenSea in partnership with PlayerZero