Trending project
$LOUD: The Hottest InfoFi Experiment
It's the reason crypto projects pour serious cash into marketing and KOLs. But what if someone decided to put that thesis to the test—literally?
Enter Loud. It's an experimental project from @0xUltra. It's building a flywheel that'll constantly drive attention $LOUD. The graphic below explains it very well.
At the heart of it all is the $LOUD token.
- Everyone is already yapping about it. So when it finally launches, FOMO will kick in. Expect a trading frenzy.
- Every time a trade happens, the $LOUD/SOL pool on Meteora takes 4% in fees. More trades = more fees.
- These fees (in $SOL) are shared between staked KAITO (18%), yappers who drive attention (72%), and the pool creator who provides liquidity (10%).
- But there's a catch. Only the top 25 yappers in the $LOUD leaderboard (powered by Kaito) get paid. So, influencers are competing to drive as much attention to $LOUD as possible.
- And the flywheel will continue. Attention → Trading volume → High fees → High reward for yappers → Even more attention → And so on.
The project assumes that high mindshare will translate to high trading volume.
If $LOUD can get the trading volume of the current top 10 projects on Solana, each yapper can generate anywhere from ~$55k to ~$150k. Probably, they'll earn much more.
That's a lot of money, even for rich KOLs. You can see the data below.
So the project is guaranteed to get a ton of attention.
The $LOUD token isn't live yet. It'll be issued on the HoloLaunch launchpad via the first "Initial Attention Offering" (IAO).
- The top 1000 yappers in $LOUD Leaderboard will get a guaranteed spot to buy 0.2 $SOL worth tokens for 2 hours.
- Afterwards, all Kaito users with a linked Solana address and 10+ smart followers can buy the token. You can learn more about the tokenomics & launch mechanism here.
The project has taken over Crypto Twitter. To secure a spot in the top 1000 yappers, some people have even started running ads by themselves.
But does that mean this will be successful forever? Well no. There are a couple of ways this can stop working.
#1. Mindshare doesn't convert trading volume
Right now, we expect the mindshare to convert to trading volume.
But after a couple of weeks, high mindshare might not convert to volume by itself. We'll have to wait and see. This experiment is primarily testing this question.
#2. Attention & rewards might die out over time.
Right now, there's a ton of attention on the project. So the project will work.
But as the project goes on, the momentum will fall. Eventually, Yappers will find it boring, the audience might see it as a scheme to reward KOLs, traders will move elsewhere, and so on.
If the project gets boring, the flywheel can break.
#3. Trader defection
The cornerstone of the flywheel is the Meteora liquidity pool that captures 4% fees.
Eventually, someone is going to deploy a competing pool with low fees. And the trading volume will shift to that pool. Then there won't be any fees to incentivize Yappers. $LOUD will fade into obscurity.
$LOUD is the first interesting InfoFi memecoin. It'll go through the usual hype cycle of gigantic rise followed by slide to irrelevancy. But it'll be the hot token for the next few weeks.
The launch date is tomorrow. Make sure to check out the project.
Sponsored by HeyAnon
How Alpha HUD Helps You Trade With Less Emotion and More Data
You've seen AI generate memes, write tweets, build dashboards, and create Ghibli-themed memes. Cool.
But what if AI could actually help you win more trades?
That's what Alpha HUD by HeyAnon is built for. Think of it as your AI-trading partner. It's a Google Chrome extension designed to help you make better calls without the usual emotion or guesswork.
Here's what it does:
- Entry Strategy. Highlights smart entry zones and DCA ranges using wallet concentration and volume data.
- Exit Strategy. Leave emotion out and focus on a system, that's what The DeFi Edge always preaches. It's now delivered to you with a single click.
- Track Wallets. Automatically monitor large holders and influential traders, instantly updating your chart with key players' entry & exit points.
- And much more coming soon: AI execution, Tier 1 CEX integration (MEXC integration is already live), Voice prompt, etc.
The Hey Anon HUD currently supports: Axiom, GMGN, Photon, and PumpFun. (Exclusive alpha: Dani confirmed that the Alpha HUD will support Hyperliquid)
It's a massive leap toward removing bias and trading with clarity.
The HUD is now open to early users. We have an exclusive access code to share with you.
Just use the code 'Ipromisenottosharethis' and you're set.
Opportunity
Sonar Debuts With Plasma: The Real Internet Capital Market?
Internet Capital Markets is the most exciting recent narrative.
Believe.app pioneered the narrative. But it's been losing traction. At its peak, Believe was launching nearly 5,000 tokens a day (May 13th, to be exact). Yesterday? Just 389. That's a dramatic drop.
So, Believe is becoming another memecoin-ish launchpad. Their terms don't even allow founders to share profits with tokenholders.
We need launchpads that allow users to find tokens of legit projects.
That's where Sonar comes in. And in the second half of this article, I'm sharing a great opportunity on the launchpad.
What's Sonar? It's a new Initial Coin Offering platform from Cobie, a crypto OG with a ton of influence and credibility. It allows founders to raise money by selling tokens.
Now, you might be thinking: Don't we already have launchpads like Coinlist, Fjord Foundry, or even Believe? What's so special about Sonar?
#1. No incentive misalignments. Most launchpads make their money by taking % fees from project launches. So they're incentivized to hype up anything — even low-quality projects — as long as it pays.
Sonar wouldn't work like that. Even if 1000s of token sales are happening, the team might not even know about them. They've removed discovery pages as well.
Founders have to self-host and promote the token sales on their own. If founders don't have the distribution, they can use Echo to get it. Echo is Cobie's KYC'd fund-raising app that even retail can access.
#2. Variety of compliance tools. Founders can choose the level of compliance they want.
Echo's eID attestation passport will allow users to register for the Sonar sale without much hassle. Users can participate in sales without revealing their identity to 50 different projects. Founders can get Sonar to do whatever identity check they want to do easily.
(Obviously, there are exceptions to sharing data. If the court orders echo to share data, they probably will.)
If the founder wants to raise without any restrictions whatsoever, they'll be able to do that as well.
#3. Tons of Fundraising Flexibility. There are a ton of mechanisms to raise funds in Sonar. Auctions, options drops, points systems, variable valuations and allocation sizes, etc.
It's also chain-agnostic. Raise on Ethereum, Base, HyperLiquid — wherever you want.
In the future, they might even partner with Kaito to give allocation to yappers as well.
Sonar isn't live yet. But they've announced the first public sale on Sonar: Plasma.
Plasma ($XPL) is an L1 blockchain that focuses on Stablecoins.
- The stablecoin transfers will be really cheap.
- They've also promised confidential transactions.
- The gas payments can be done using stablecoins.
- It is supported by Tether, which controls >60% of the total stablecoin market.
- They'll look to attract stablecoin-oriented projects like PayFi apps, stablecoin DEXs, banking-as-a-service platforms, and fintech startups.
A stablecoin-specific chain might not make sense immediately. After all, every chain is trying to attract stablecoin activity.
But the team is backed by big names like Tether and Bitfinex, they can easily become a big ecosystem. Market cap of Tether's USDT alone is >$153B.
If you want a model of $XPL valuation, check this out. It's definitely a multi-billion-dollar project.
They're selling 10% of XPL will be sold at a $500M FDV. That's the same valuation as their latest equity round with Founders Fund. So it's probably a good deal.
But the process of securing allocation is somewhat complicated.
- In the first phase, you have to deposit USDC, USDT, DAI, or USDS to earn points.
- After 50 days, your points will determine your allocation. You'll have to convert your stablecoin to USDT & lock it for another 40 days tho.
- Mainnet will go live on day 90. You'll receive both USDT and XPL tokens on the plasma mainnet.
If you want to learn more about the mechanisms, click here. It's one of the opportunities that I'm paying attention to.
🚀 DeFi Catalysts
StarkNet introduced Asset Runes. They're using the Runes meta-protocol that is 1:1 redeemable for the real assets elsewhere.
Ethereum Foundation has used Aave to supply $ETH and borrow $GHO, Aave's stablecoin. This comes after criticisms of EF avoiding DeFi.
Phantom introduced social aspects to their wallet for beta users. Users can decide the privacy levels of their trades in the social platform.
ORE, the proof-of-work experiment on Solana, is transitioning to a "proof-of-value" mechanism. Miners will have to bet using $SOL in this mechanism.
Redstone is live on Solana. It's a modular blockchain oracle that can provide institutional-grade price feeds for tokenized assets.
🚀 New Launches
Katana, a DeFi-focused chain incubated by Polygon and GSR, has launched the private testnet and pre-deposits. Public access will be in June.
Euler Finance launched EulerSwap. It's a new DEX that integrates lending and AMM trading via Uniswap v4 hooks.
Ego.tech went live. It's a protocol that allows users to launch and trade any profile on the internet.
📰 Industry News
US Court panel had blocked President Trump's sweeping global trade tariffs, citing overreach. But an appeals court stayed the ruling.
BlackRock is reportedly eyeing a ~10% stake in Circle, which is moving forward with its IPO, targeting a $6B valuation.
Trump Media is pursuing the BTC Treasury as well. It has raised $2.5B through equity and convertible bond offerings for that purpose.
Pakistan is planning to mine as much as 17,000 $BTC per year using surplus energy from underused coal-powered plants.
🐦⬛ X Hits
- A playbook for HyperEVM.
- Brand coins: another meta?
- Integrated era of Ethereum.
- Is mindshare a useful metric?
- The Launchpad Wars on Solana
- Loopify's journey to making millions.
- A competitive dynamic of crypto protocols
- Justin Drake argues that BTC is insecure.
- How is crypto changing the dynamics of attention?
- The Transparency and Anti-Grift (TAG) Framework for killing scams
😂 Meme
Until next time,
Edgy
Today's email was written by Edgy and Yayya.
DISCLAIMER: I'm NOT a financial advisor. This content is for education and information purposes only. Crypto and DeFi are risky and speculative. Please do your research before investing.
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