PancakeSwap (CAKE)

This is one of the OG dexes that launched in September 2020. Many projects that launched around the same time or even after have shut down, but @PancakeSwap is still standing tall, racking up $4 trillion in total volume. Congratulations 🎉 team! https://t.co/yeOCFOyAqs

Protocol TVL on @RobinhoodCrypto rose from $83M to $147M over the past 24 hours, a 77% increase. The majority of inflows were concentrated in @Morpho, which grew from $23M to $72M. The primary driver was the @ethena x @SteakhouseFi USDG vault, seeded by Ethena with $50M. https://t.co/H7pYMUThiS

So how do you actually judge the value of a token? Welp, I've taken it upon myself to give you the ELI5 version. For starters, a protocol doing well and a token doing well are not always the same thing because a project can have real usage, strong revenue, and a lot of activity, while the token still performs badly if holders do not capture any of that value. The simple framework is Token Revenue vs Token Emissions, and the token revenue is the value going back to the token through things like: → buybacks → burns → distributions → other holder-aligned mechanisms So while token Emissions are the cost side, any new supply entering the market can dilute existing holders and make it harder for the token to move up. "So when a token has revenue flowing back to it, that’s bullish, right?" Well, not exactly, because if a protocol generates $10M for the token but emits $100M worth of supply, you are still fighting a losing battle. So yeah, good protocol ≠ good token.

🔷️ While most of the market focuses on momentum, some projects quietly return to the zones where major reversals are often born. 👀 $CAKE is currently testing a long-term support area that has historically attracted strong reactions from buyers. The way price behaves around this region could define the next phase of the structure. 🟢 The lower zones remain the key support areas to watch, while 🟡 the yellow levels stand out as the main resistance regions if momentum starts to return. Sometimes the market rewards patience before it rewards attention. 🚀 ⚠️ Not financial advice. #CAKE #Bitcoin #Crypto #Altcoins

Net Value Flow over the past 6 months Only 3 of the 24 tracked tokens were net positive. Token Revenue - Token Emissions = Net Value Flow to holders - $CAKE 2.3x - $HYPE 1.7x - $PUMP 1.4x $AERO is -1x (So around break even) Negative: - $RAY -1.3x - $UNI -1.5x - $BNB -1.6x - $CRV -1.8x - $VELO -1.8x - $FLUID -1.9x - $LINK -5.8x - $MET -8.2x - $JUP -8.9x - $ETH -44.1x - $VVV -48.3x - $SOL -93.7x - $SUI -557.0x Clear that not all Revenue is created equal. Data: @DromosLabs