This is the famous Rainbow chart used to see if bitcoin:native is cheap or expensive compared to long-term history (log ladder). Simple reading: - Bottom strip (dark blue): The "Fire sale" area is extremely cheap, so buy strongly. - Middle range: Accumulated area / still cheap. - Top strip (red): The bubble area should be considered to take profit. Currently, the price of bitcoin:native has fallen through the middle color bands, touching near the low area, around $100,000 (see the red circle on the chart). The last time this situation happened was after the FTX collapse event at the end of 2022, when the price bottomed at approximately $15,800. There are not many times when the price "falls" like that. History shows that this is usually a rare accumulation area and then there is often a strong recovery.

JUST IN: Bitcoin falls under $70,000

Only 6 token sales since 2025 have yielded positive returns – the rest have been “loss-making”. I just reviewed the ROI data for token sales on CoinList, Legion, MetaDAO, and BuildPad (data updated as of March 31, 2026, from Messari and the platforms). The results are truly thought-provoking: only 6 projects generated positive returns. Dozens of others had negative returns, many as low as -75% to -98%. Looking at the chart, you'll immediately see the bleak picture: only 6 token sales had positive ROI. - OMFG (@omnipair - MetaDAO): ROI exceeding 120% - AVICI (@AviciMoney- MetaDAO): ROI around 65% - FF (@falconfinance- BuildPad): ROI around 56% - UMBRA(@UmbraPrivacy), 2Z(@doublezero), and RNGR(@ranger_finance): still positive, but at a more modest level. Then came a prolonged "red ocean": a series of token sales plummeted, with consistently negative return on investment (ROI) ranging from -10% to -98%. Results on CoinList, Legion, MetaDAO, and BuildPad show that no launchpad platform escaped the general trend. Most projects failed to maintain their price after listing. The real meaning behind the numbers: I think this isn't just random luck. This is the clear result of a saturated market with infrastructure, with too many tokens being issued without a real product-market fit. > Most token sales were just "hype airdrop": The development team raised capital, launched the token, the community FOMO bought in, and then the price continuously dropped due to a lack of real demand, revenue, and users. As a result, small investors suffered losses. > Launchpad platforms are no longer the "magic" they once were: CoinList, Legion, MetaDAO, and BuildPad were once reliable platforms, but data shows that even the projects they chose largely failed. This reflects reality: transaction quality is plummeting, or the market is too difficult for any token sale to sustain momentum after listing. > The network effect is becoming increasingly concentrated: As I often say, money and users are flocking to a few places that truly have PMF (Solana, Base, Hyperliquid…). New chains and tokens compete for the same pool of TVL, miners, and farmers. As a result, most are dying out. My lesson learned: If you still think "selling tokens = easy money," this chart is the strongest warning sign from the beginning of 2026 to date. I recommend you: > Only invest in projects with real revenue, real users, and real usage before considering selling tokens. > Avoid FOMO (fear of missing out) on every launchpad deal just because of its "reputable platform." Data has proven: reputation doesn't protect you from an 80% return on investment. In short, the token sale market since 2025 is showing a harsh truth: cryptocurrency is no longer a "win-win" situation. Only projects that truly solve problems, create value, and retain users can survive. Do you currently hold any token sale deals from 2025 to now?

How much pizza does 1 BTC buy you over time?

After spending time learning about EvoEvo, I think many people still underestimate what it's really trying to build. At first glance, EvoEvo looks like an AI prediction platform where agents make predictions and wait for results. But the more important layer is the feedback loop behind it. Agents don't just predict. - they explain their reasoning - express confidence - receive evaluation signals - wait for the actual results and turn useful reasoning into memory. That changes the role of memory for AI agents. Most current AI systems treat memory as a saved conversation history. Evo moves closer to result-validated memory — memory connected to reasoning quality, correction, final results, and post-result learning. This is why the platform feels more relevant to the future of AI agents. The industry is gradually moving away from static standards and simple question-and-answer evaluations. The next stage is to test whether agents can handle uncertainty, make reliable judgments, learn from feedback, and improve over time in a real-world environment. A single prediction only shows whether an agent is right or wrong. A network of agents continuously inferring, learning, reviewing, and updating memory can create something far more valuable: reusable collective intelligence. That's the part of EvoEvo that I find most interesting.

Im starting to pay more attention to $MUFFIN. Most launches fade after TGE, but what matters is what happens after the first wave of hype cools down. The chart is showing signs of recovery, while @tm_eth and @1inch keep adding visibility, IP exposure, and ecosystem support around Take My Muffin. For me, the interesting part is not just the short term price move. It’s whether this can turn from a small meme narrative into a stronger entertainment IP with real community momentum. Still early, still risky, but the setup is worth watching.

I just bought more $PENGU @pudgypenguins at $0.01 and here's why. Am a @LilPudgys holder, so yes, I'm somewhat biased, but the data doesn't lie. > Real brand (not just hype): - Right now price is hovering around 0.01 with Mcap ~$620-650m and volume still cooking at $200-250m daily. - NFT floor just pumped 45% and sitting above 5.5 $ETH. - Best-selling toys at Walmart/Target/Amazon. - Pengu card visa is pulling volume offline → onchain. - Pudgy World game is attracting casual users who don't even know it's crypto. - @LucaNetz all-in 2026 targets billion-dollar brand. > Abstract chain is the catalyst: - Igloo Inc. builds @AbstractChain L2 for consumers. - Holders of $PENGU and NFT received XP allocation boosts. > Technical on-chain confirm: - Just broke out of a 9month descending trendline, volume staying strong, RSI turning bullish. - With $BTC above 80k, meme money is flowing into projects with real brands like $PENGU. NFA. DYOR

Project Overview @TheARCTERMINAL – ARC Terminal: The First On-Chain AI Operating System That Will Change How We Live with the Web3 I was tired of jumping back and forth between tabs, dashboards, wallets, graphs, and notes. ARC Terminal is taking a different approach: building an on-chain operating system right in the browser, where AI, assets, data access, and personal memory are unified in a single workspace. I see it as a wallet combined with a second brain for on-chain users. 1/ What is ARC Terminal? This is not just a typical AI dashboard or chatbot. ARC Terminal is a full-fledged, multi-chain, on-chain desktop supporting Solana and EVM. At its core is ANIMA, a long-term memory AI that can learn from how I install, save files, customize ARC Drive, and then build its own knowledge graphs to reason and act more deeply. 2/ Key Features: - Encrypted memory, prioritizing privacy - Ability to install pre-built skills or create custom skills for ANIMA - Manage portfolios, transactions, research, and execution in a single space - ARC Drive and Knowledge Graph enable one-time data uploads, long-term storage, and automatic insight connection - Does not store user assets, security is ensured through the ARC Node Network In short, ARC Terminal is aiming to transform a crypto wallet into an on-chain thinking machine. 3/ Practical Applications: - DeFi Users: Multi-chain trading/farming, ANIMA automatically analyzes, provides insights, and executes, saving hours every day. - Researchers/Analysts: Upload PDFs/charts/notes → ANIMA summarizes, finds patterns, and continuously builds insights. - Power Users/Builders: Integrate dApps, create custom skills, and automate workflows. - Newbie Web3: UX similar to macOS, AI guidance, no more fear of getting "lost" or losing context. Many people are using it as a true personal command center – for commercial, research, and brainstorming with ANIMA. 4/ Conclusion: This is not just a hype tool. If Web3 progresses to the era of native AI, those who control the interface, context, and execution capabilities will have a huge advantage. I'm following ARC Terminal quite closely. Have you tried ANIMA yet? Comment on the first skill you want to enhance with it!

SSV Staking is officially live with cSSV Genesis Boost on @ssv_network I am pretty excited about this opportunity. Stake $SSV, receive cSSV, and start earning real ETH rewards right away, directly from the validator fee flow of the network. On top of that, cSSV Genesis Boost is adding extra $SSV rewards until May 29 or until the pool is fully filled, whichever comes first. Quick context: - This is actual ETH yield coming from validators securing around 7.4M ETH - Current base APR is around 22.7 percent in ETH - With Genesis Boost, early stakers can push yield up to 129.42 percent Honestly, the base yield is already higher than most ETH liquid staking options in the market. With Genesis Boost stacking extra $SSV rewards on top, this launch phase looks very attractive. What I like most is that cSSV still keeps full liquidity and composability. You can claim ETH rewards anytime without needing to unstake, which feels very aligned with the real growth of the network. If you believe in decentralized validator infrastructure like I do, this feels like a clean and smart way to position early. As always, DYOR and manage risk well. What do you guys think? Anyone preparing to stake this round?

Top 10 Perpetual DEXs by Revenue (Last 30 Days) Today I compiled statistics on @DefiLlama istop 10 Perpetual DEXs by revenue over the last 30 days to clearly see where the money is flowing. I believe revenue is a fairly clear measure of the actual usage and strength of each platform. From this, we can see which projects are truly leading and having a significant impact on the DEX market. Top 10 Projects: - @HyperliquidX ($53.6M) → Hyperliquid leads by a significant margin with $53.6 million in 30-day revenue, accounting for 65.1% of the top 10's total revenue, equivalent to approximately $1.78 million per day. - @edgeX_exchange ($15.1M) → EdgeX ranks second with 18.4% of the top 10's total revenue, equivalent to $0.5 million per day. - @tradexyz ($3.6M) → TradeXYZ is in third place with 4.37% market share. - Jupiter, Lighter, and Ostium are roughly tied in the middle (around positions 4-6), all fluctuating between $1.85 million and $2.63 million. There are no significant differences. @JupiterExchange ($2.6M) @Lighter_xyz ($2.6M) @ostium ($1.9M) - The top 7-10 are Nado, GMX, Drift, and dydx, each holding a small market share of approximately 4%. @nadoHQ ($1.3M) @GMX_IO ($948K) @DriftProtocol ($450K) @dYdX ($288K) Looking at the data above, we can see that the top two companies account for 83.5% of total revenue, far ahead of the remaining 8 protocols (16.5%). Key insight: The revenue of the top perpetual exchange DEXs is rapidly consolidating. Unless there is a major structural change, the gap between Hyperliquid and the rest will widen and become increasingly difficult to close. → The leaders are pulling far ahead. Competitors need to work harder if they don't want to be left behind. I bet HyperliquidX will continue to lead the Perpetual DEX trend across the market in the near future.

KiiChain: A pioneering on-chain forex trading application – Hybrid Cosmos-EVM technology Explosive practical potential for emerging markets in 2026. @KiiChainio – This application is built specifically for on-chain forex trading, non-USD stablecoins, and RWA in emerging markets (Latin America Southeast Asia). More than just empty promises — this application is designed to solve real-world daily problems. 1/ Technical Architecture: - Full Cosmos SDK EVM. Built on Cosmos SDK CometBFT → near-instantaneous validation and high security. - 100% compatible with EVM (Instant Solidity Implementation) CosmWasm support. - 12,000 transactions/second, ~1-second block, extremely low gas fees for small payments. - Hybrid order matching engine with a speed of 150,000 orders/second — a true on-chain forex trading desk. - IBC support — seamless connection with over 100 chains. → The most powerful hybrid platform for FX & RWA: Cosmos speed full EVM engine. 2/ Practical potential: - Vertical integration Real-world use cases. - Owns KIIEX (centralized/decentralized hybrid exchange) local fiat deposit/withdrawal gateway. - Local stablecoins: COPM (Colombian Peso), ARS, MXN… directly stabilize FX volatility. - RWA exchange on the test network: TVL $12.5 million, 247 assets, 1,834 active traders. - Community: Over 100,000 shareholders over 350,000 beta testers. Clear Cycle: Local Stablecoin On-Chain FX → RWA as Collateral → PayFi/CrediFi → IBC Liquidity → Real Transaction Volume. Key Insight : KiiChain is not a typical L1 — it is a dedicated foreign exchange payment layer for emerging markets. @KiiChainio is quietly positioning itself as the leading infrastructure platform for real-world finance in high-growth regions. With its vertically integrated operations already deployed and strong community momentum, KiiChain could very well become one of the standout names in this year's real-world asset (RWA) story.

3 AI Trends in Cryptocurrency Dominating Today. In my opinion, these are the three real stories driving the entire AI cryptocurrency industry, and that's just my personal opinion. Without exaggeration, these are the trends with the most practical applications and strong capital flows. 1/ Decentralized AI Market - $TAO (@Bittensor) – “The Bitcoin of AI” This is the core story: transforming machine intelligence (AI models) into a truly decentralized market. - Anyone can train/reason models, competing through Proof of Intelligence (PoI). - Hundreds of subnets are active (doubling to 256), some generating real revenue in the USD /day range. - Capital is highly volatile because this is the only way for AI to become a “commodity” like Bitcoin – anyone can own it, anyone can make money from it. → This story is currently winning big because it solves a core problem: AI no longer exists in some major tech circles. 2/ AI-Native Blockchain Infrastructure for AI Agents - $NEAR (@NEARProtocol ) This story focuses on building a dedicated blockchain platform for AI Agents. - $NEAR has completed its transformation: a secure IronClaw GPU runtime environment and a Live Agent Marketplace. - Agents can run automatically, translate automatically, and monetize automatically while data remains secure (TEE AI are owned by the user). - This is not just a regular L1; it's a “factory” for millions of future AI Agents. → Strong investment capital is needed because every AI Agent project ultimately requires a robust blockchain for computation and security like $NEAR. 3/ The Cryptographic AI Agent-Based Economy - $VIRTUAL (@virtuals_io ) – “The Shopify of AI Agents” This story is about the true economy of AI Agents: cryptographic agents → agents run themselves → earn money themselves → share revenue with owners. - Over 18,000 agents are active, a multi-chain direct agent transaction protocol. - Agent GDP (aGDP) has exceeded $470 million – the economic value created by agents. - This is the point where AI is not just a tool but becomes an “automation company” that anyone can own. → This story is the most practical example of a shock to users because everyone wants an “AI employee” to generate passive income. The bottom line: Currently, capital is simultaneously shifting towards Infrastructure (TAO NEAR) and Applications/ Economy (VIRTUAL). Are these three stories strong enough to drive the entire AI cryptocurrency season in 2026? Do you currently hold one of these three coins?

Bittensor SN3 :: @tplr_ai // @covenant_ai 72B "If intelligence is the most powerful thing, then decentralized training is humanity's last dance. it's the same thing we fought for, for ages." "It's what the internet tried to do. It's what Bitcoin tried to do - how do we reclaim agency? It was always, can we renegotiate the social contract with the Leviathan." "We can turn the Internet into a data center... But what for? The fight is to create optionality..." -@DistStateAndMe Novelty Search is a weekly community call hosted by Bittensor co-founder @const_reborn