#Launchcoin generated ~$700K in fees in the last 24h.
That’s $255M annualized revenue.
With a $190M market cap, the P/S ratio is ~0.75.
For comparison, $HYPE sits at ~42.
Even with the new 70/30 split, the protocol still takes home ~$76M/year — before expenses.

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The top US cryptocurrency exchange Coinbase has just announced the listing of three new tokens, including PancakeSwap (CAKE), Subsquid (SQD), and Fartcoin (FARTCOIN), with official trading starting at 21:00 ...

Coinbase just announced the listing of these 3 Altcoins

U.S. inflation data for May showed more moderate-than-expected signs, bringing positive signals to risk assets. Specifically, the year-on-year Consumer Price Index (CPI) without seasonal adjustment was 2.4%, lower than the market's general expectation of 2.5%; the month-on-month rate was also only 0.1%, similarly lower than the expected 0.2%.

Core inflation data (excluding volatile food and energy prices) also showed a similar slowing trend: the year-on-year rate was 2.8%, lower than the expected 2.9%; while the seasonally adjusted core CPI month-on-month rate was only 0.1%, significantly lower than the market's expectation of 0.3%.

After the report was released, ...

The positive US CPI cannot hide the whale' shipments? Bitcoin fell back under pressure after rising

Currently, both on-chain and exchange liquidity are terrifyingly low...... If we compare the peak values of the previous two market cycles, we can see a huge difference. During the peak in March 2024, 150,000 BTC were exchanged daily on-chain (7d sma), and during the peak in November 2024, 160,000 BTC were exchanged daily, while now only 85,000 are exchanged daily.

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(Figure 1) Even more remarkably, on April 28th when BTC rebounded to $95,000, it was the day with the best on-chain liquidity in this market cycle. And $95,000 happens to be near the average cost line for short-term holders, which should have many...

Viewpoint: Whether on-chain or on exchanges, liquidity is terribly low, and the risks are getting higher and higher?

Of course, there should be a premium to the valuation of $HYPE because of the buybacks that are still lacking in #Launchcoin.
But you get the idea, right?
Launchcoin prints money = has product market fit.

Update:
I just learned that #Launchcoin has a 2% transfer tax set through the contract.
So the real 24h revenue is $1.7m.
Annualised $632m!!