The most resilient crypto projects have clear flywheels. I can think of 4 with this type of product-market fit; I’m sure there are more, and I’d love your help in identifying them; drop names in the comments. @infinex: through Infinex Connect, they will have the biggest App Store, and fulfill demand side (users) with supply side (apps) and take a fee for transactions, which will likely go back into the protocol and users. This is developing but the likely mechanism based on what Kain has said. @redstone_defi @chainlink @PythNetwork: this category has PMF in this way—data feed consumers use the project token in order to pay for the data. That’s a clear value accrual mechanism because as long as data feeds are needed, there will always be a buyer of the token. @HyperliquidX: through trading fees, it goes back into buying $HYPE. @RektCoin: revenues from selling @rektdrinks goes back into buying $REKT. They’ve already done this at least twice. Very bullish for the project and brand. Can you think of any other project with simple and clear flywheels where revenue goes into buying the token? And where there’s a clear and simple reason for why the token exists? I’m not talking about revenue share - I’m talking about revenue from users or customers and that revenue is used to buy the project token. Simple model. But very few projects are actually doing it. Most crypto projects are like the power strip with the cord plugged into itself. Self-referential. No value accrual. Believe in something. Run towards projects with clear flywheels.

I forgot to mention @KaitoAI which does use revenue from paying customers to buy $KAITO. As long as they have paying customers, there will always be a buyer if last resort. This is a flywheel.