Andrew retweeted
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Let's run some numbers on $POD, and address why the FDV is truly a 'meme' in this case:
At its last datagen peak the network processed 3.5B output tokens/day across a 600-GPU fleet. With V2 unlocking meaningful per-GPU efficiency gains, 10B output tokens/day is a reasonable conservative target to anchor against. Below is what both look like at OpenRouter-rate pricing ($0.80 per 1M output, $0.15 per 1M input) and the historical 20:1 input:output ratio that real agent workloads tend to land on.
Note: this is a single-model exercise (Qwen 3.6 35B economics). In practice the network will serve a basket including Gemma 31B and 26B, which are faster and cheaper, broadening the addressable demand pool. So the math here is conservative on the revenue side.
Current 3.5B output/day:
Output revenue: $2,800/day
Input revenue: $10,500/day
Gross revenue: $13,300/day, all of which routes to POD buybacks
Node emissions ($0.50 per 1M output): $1,750/day
Buyback-to-emissions ratio: 7.6x (!)
For every $1 of POD paid out as emissions, $7.60 of POD is being bought back off the market. Most of those emissions are paid bonded, with a 20% fee on liquid claims routing back to stakers, so even the share that does hit the float gets partially absorbed by the same flywheel.
Against ~$10M in circulating market cap, that means current-rate buybacks already represent roughly 4% of the float being bought back annually. Post-V2 scenario, closer to 13%. On the float that's actually tradeable, the bid is structurally large.
Annualised current: ~$4.85M gross to buyback against a $100M FDV. About 21x.
Post-V2 conservative 10B output/day, same prices and mix:
Gross revenue: $38,000/day → ~$13.9M/year to buyback
Node emissions: $5,000/day
Buyback-to-emissions ratio: 7.6x (constant, the design scales linearly)
For benchmark, HYPE currently generates around $2.54M/day in fee-driven buybacks, $927M annualised, against a $58B FDV. The market values that buyback flow at roughly 63x.
Apply the same multiple to POD's current 3.5B-per-day economics and the implied FDV is roughly $300M, about 3x current. Apply it to the post-V2 10B scenario and you land closer to $880M, around 8.8x current.
The 10B figure is a working assumption of what V2 should unlock; the real number could be lower or higher and needs to be seen once V2 ships and the API is live. But the 7.6x buyback-to-emissions ratio is what makes the FDV stop mattering the way most people assume it does. It is not a token waiting to dump on you. It is a token the protocol is mechanically buying back faster than it is being issued.
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can someone send me the edit of this video where they put the pwned sion chase theme/scrapped datagen chase theme in it
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Datalose retweeted
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Jun 11
from datagen here:
datagen.dphn.ai
this goes live EOM on openrouter so these are revenue projections.
peak day so far ~3.5B output tokens. agent workloads have ~20x input/output, so at $0.70/M out $0.15/M in -> ~$4.7m/yr, 100% to buybacks. its in linked thread in OP.
this is just a sanity check at demonstrated capacity though. revenue is not static; the actual market (i.e. tokens/week on openrouter) is growing at 5x / year: 5T/week April last yr, 25T/week this yr.
(imo this will accelerate too; anthropic's revenue is growing 10x / year)
so tldr you're betting on the cheapest provider in a sector growing 5x a year currently
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Jun 10
もじんぐだとタグは大体書き出しにdatagen使うからカスタムレジストリでdatagen使いにくいでもなきゃエクスプローラで見た時の見た目意識しないのでは
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really though datagen is such a loser and i mean this in the most positive way i can he is a Dork and he is lovable for that reason
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datagen is an honorary member of the (unholy) trinity and he would be up there if i didn't Also really want to keep the f:tut reference there because it's Funny. to me. kind of. i love him as well his pathetic antics are endearing to me
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