Austin Barack

Market providing some great entries for the brave on S tier high growth high revenue DeFi assets

If $SYRUP traded at $AAVE’s revenue multiple it would be at $0.88 ($0.50 currently).

Despite trading at a more attractive relative multiple, @maplefinance has grown much faster, with 1010% growth in Q2 2025 revs vs Q2 2024, whereas @aave revenue has actually declined year over year in Q2.

In my opinion, there are two primary reasons for this.
- The market hasn’t yet fully grasped the pace of Maple’s growth/turnaround with the rollout of SyrupUSDC, BTC Yield, and the other new products which have led to revenue and TVL increasing by about 4x since March
- The second is Aave has been incredibly lindy, serving as a core DeFi protocol for years with highly durable revenue. With Maple making deep inroads with institutional borrowers bringing their cost of capital down by matching them with DeFi lenders, its ARR now approaching $20MM, and the stickiness of its revenue becoming increasingly apparent, this relative gap should change over time

$SYRUP is probably the asset that best sits in the middle of the Venn diagram of growth and value investors. This is going to be very obvious in retrospect for those that don’t already see the story playing out.

9 figure deposit in 1 trx for $SYRUP USDC

One of the most overlooked assets in RWA discussions: Rare whiskey

It's outperformed stocks over the last decade with ever increasing demand/visibility. Excited to see where a DAO backed by barrels of whiskey traded on @BAXUSco and spearheaded by @web4O can go.

PROOF of $DRINK

Syrup loans outstanding scaling even faster than TVL. What does this mean? Lots of demand --> Higher utilization --> More revenue per TVL dollar --> Even faster growth in ARR as TVL ramps

About a 10% increase in loans outstanding at @maplefinance overnight. That directly translates to ~10% ARR increase in one day.

Reminder $SYRUP is not even in the top 100 by market cap yet (#158)

Solana LST protocols with billions of dollars in TVL and non stop growth trading sub $150MM FDV with a SOL ETF incoming 👀

All-time high TVL and revenue for @maplefinance

$SYRUP price approaching ATH high (ATH is $0.682 equivalent after conversion from Maple)

Price 🤝 Fundamentals

Chime is going public at an $11.2B market cap.

$ETHFI has a deposit base that's almost as high, it's growing faster, and it's much more profitable.

BTC call buyers 🤩

Name a better chart.

$2B TVL and $12MM ARR with traction showing exponential acceleration

Take note of which tokens are making higher lows on pullbacks like yesterday. Relative strength is the market's way of showing its positioning in sideways/trending markets.

$19MM away from TWO BILLION DOLLARS of TVL for $SYRUP

Christmas coming early? $SANTA becoming S.A.N.T.A 👀

The race to acquire BTC is officially on, at a country level.

"Pakistan is setting up a "government-led" strategic Bitcoin reserve...This wallet, the national bitcoin wallet, is not for speculation or hype...We will be holding these Bitcoins and we will never, ever sell them."

The size of the addressable market for $CLOUD Solana validator LSTs is still not understood. Expect the market to figure it out before long

When Coinbase launches their new wrapped assets (cbXRP, cbADA, etc), these Aerodrome volume numbers are going to look tiny. $AERO trading at 1/3 its prev. mcap ATH and continues to be the most correlated exposure to growth on Base

Solana LST protocols with $1B+ in TVL and printing revenue somehow flying under the radar. Expect the market to figure it out eventually

Cookie is on track to becoming a verb in crypto

@cookiedotfun building at the intersection of Data/InfoFi/AI and it's 1/10th the FDV of a comp with half the product set

$SYRUP May protocol revenue has already exceed April levels and there is more than 1 week left in May. And this is after April revenue was already 67% higher than March revenue.

@maplefinance is a unicorn in the making