DeFi Pulse Index (DPI)

Tokens with real value accrual still print DPI faster than anything else in venture.

The bullshit detector is at max capacity. The majority of exit liquidity grift jobs have been rightly abolished.

Market wised up. Retail wised up. Even LPs wised up.

What's left is the 10% doing actual value add work.

And those are wiring capital back to LPs inside 24 months while AI funds sit on paper marks waiting for a secondary window that may never open.

The DPI tables in 2027 are going to embarrass a lot of people who spent 2025 telling LPs Web3 was dead.