Joined August 2018
- Tweets 2,560
- Following 1,036
- Followers 475
- Likes 1,428
197 Photos and videos
Your DEX token doesn't offer you the same investable rights.
Know what your are investing in or you might just be a community member.
Jun 8
No interface in crypto gets more screen time than the spot DEX. Just because they all similarly perform token swaps, does not mean that their tokens give holders similar rights.
Fundamentals is adding 4 new Spot Market assets to help illustrate this point. π§΅
20
Hugo ποΈ 2 of 3 retweeted
Jun 1
Filecoin, Arweave, Storj and Sia all sell the same thing: persistent decentralised storage.
They sit in the same subsector and are a totally fair comp set, yet have tokens that play entirely different roles.
Here's what "storage tokens" actually do π§΅
1
2
3
77
Hugo ποΈ 2 of 3 retweeted
May 29
AI is a talent amplifier, not a talent replacement
116
125
954
37,602
May 29
AI forces you to evolve horizontally, stop worrying about how your skill set becomes redudant.
If dev, learn the basics of project mngmt, research mindset and understand the business in which you operate.
If researcher, learn the basics of software development processes etc.
15
Hugo ποΈ 2 of 3 retweeted
May 28
Fundamentals lets you analyze a token in less than 90 seconds.
Identify a peer group and compare token functionalities with our new filter-first interface.
π§΅
1
2
3
167
Hugo ποΈ 2 of 3 retweeted
May 25
Most analysts struggle to see the difference between @graphprotocol and @POKTnetwork, since they both deal with data access.
Here's how to use the Fundamentals framework to compare their similarities and differences.
ethereum:0xc944e90c64b2c07662a292be6244bdf05cda44a7 $POKT
1
1
2
56
Hugo ποΈ 2 of 3 retweeted
May 20
Privacy tokens had seen a resurgence in the last twelve months. But what does privacy token even mean?
Now that the mania has passed, here's how to analyze these assets beyond the narrative. We looked at three "privacy tokens" to break down their similarities and differences.
1
2
2
151
Hugo ποΈ 2 of 3 retweeted
May 9
New Token: cosmos:native
ATOM set the precedent in the Cosmos ecosystem for how its network tokens are designed. Understanding ATOMβs set of token functionalities provides a benchmark for the other tokens in the interchain.
β
Right to participate in Cosmos Hub block production: bonded ATOM is required to join the active validator set; stake determines eligibility and voting power
β
Staked ATOM is a performance bond: slashable on double-signing and downtime.
β
Right to vote on Cosmos Hub governance: economic parameters, community pool allocation, protocol upgrades, and validator set changes are all ATOM-gated
β
With Replicated Security live, bonded ATOM validators also secure consumer chains. The ownership that runs the Hub extends its cryptoeconomic reach outward.
Butβ¦
π§ββοΈ Cosmos ecosystem growth doesn't automatically accrue to ATOM unless it rents security from the Cosmos Hub.
1
1
2
60
Hugo ποΈ 2 of 3 retweeted
May 1
New token: solana:hntyVP6YFm1Hg25TN9WGLqM12b8TQmcknKrdu1oxWux
β
Real-world value creation via wireless infrastructure (hotspots providing coverage data transfer)
β
Transparent usage measured via Data Credits spend
β
Data Credits acquired by irreversibly burning HNT
β
Emissions paid to the operators who make that usage possible
Infrastructure usage creates value, burns capture it, emissions redistribute it.
1
2
2
57
Hugo ποΈ 2 of 3 retweeted
Apr 28
2025 taught us that systems need to generate value. Then it taught us that value needs to go somewhere the token can actually capture it.
But should systems really be shoveling their runway into non-descript treasuries?
4
2
6
144
Hugo ποΈ 2 of 3 retweeted
Apr 24
New Token: HYPE
β
No off-chain matching engine. No privileged operator controlling fee routing.
β
Every order, match, liquidation, and settlement is an on-chain state transition.
β
One of the most profitable businesses.
β
Driving value back to its holders.
π§΅
ALT https://fundamentals.fyi/token/hyperliquid
8
3
9
137
Hugo ποΈ 2 of 3 retweeted
Apr 22
Especially important to consider given all the happenings regarding the Security Council's $71M ETH freeze linked to the rsETH hack.
Interestingly, those funds are now in a wallet controlled by the ARB DAO, such is the ebbs and flows of control across the various stakeholders.
Apr 22
Arbitrum has on-chain rollup contracts enforcing settlement, a single centrally operated sequencer, a DAO, a foundation, and a security council with emergency multisig power.
So which part governs the system?
β’ The rollup contracts govern state validity, where validators submit assertions about Arbitrum's state to Ethereum
β’ The sequencer decides transaction ordering, and is operated by the Foundation
β’ ARB token governance covers product decisions, economic parameters, treasury, actor set permissioning, technical parameters. BUT, decisions go through multi-stage timelocks and, critically, can be canceled by the Security Council.
β’ The Security Council can execute any software upgrade with no delay in a security emergency.
β’ The Arbitrum Foundation gates Security Council election eligibility and enforces compliance requirements.
The implication: Whilst itβs true that the DAO has a broad set of rights across the system, it is also a meaningfully smaller claim than "ARB governs Arbitrum." Each stakeholder in the system have both distinct and overlapping responsibilities within the system.
This is why Arbitrum has a hybrid operating model, and hybrid governance. Every label is doing real analytical work here, and each is visible on the profile.
And which part governs the system? The answer depends entirely on where you draw the boundary. Learn more about how we draw those boundaries and about ARBβs role in its system at fundamentals.fyi/token/arbitβ¦
2
2
223
Apr 20
Breakage in DeFi is part of how we get the antifragile system we want. A lot of steps backwards to go forward.
1
18
Hugo ποΈ 2 of 3 retweeted
Apr 17
New token: JTO
@jito_sol is simultaneously:
β
A block engine (MEV infrastructure)
β
A liquid staking protocol (jitoSOL)
β
A restaking engine (NCNs)
β
A DAO controlling billions in fee flows
So what sector is it?
1
3
3
116
Hugo ποΈ 2 of 3 retweeted
Apr 15
Most people benchmark Bitcoin against Ethereum, Solana, and Cardano.
This peer group is incomplete, which leads to poor comparative analysis.
Those systems are primarily blockspace businesses. Developers and applications are the core buyer, purchasing execution capacity. Monetary demand is incidental.
Bitcoin produces blockspace too. But that's the secondary service.
1
2
2
83
Apr 15
AI tool that automatically creates emojis in messages that changes suggested when you click on the emoji.
Over time learns what you emotion you want to express and your attitude to emojis.
30
Hugo ποΈ 2 of 3 retweeted
Apr 13
Sector labels in crypto mostly describe how a system is talked about, not what it sells.
That's a problem. Because sector sets your peer group. Peer group sets your benchmarks. Benchmarks set your valuations. The error compounds.
This is how Fundamentals approaches sectors π§΅
1
3
3
85
Hugo ποΈ 2 of 3 retweeted
Apr 9
A token can be staked, burned, locked, and used as collateral, and still confer no genuine claim on the value the system produces. The gap between how tokens are described and what they actually do is wider than most investors appreciate.
1
1
2
52