The code base is open source, which includes pull requests re: Solana
github.com/rainbow-me/rainbo…
Alex LaPrade retweeted
And remember, local stablecoins are not the best option for yield, due to the volatile nature of them.
We have seen ~8% dump on BRL today
But you know what are they great for:
- ramps
- domestic payments
- Instant access to the widest global layer of finance.
Is this not value investors club?
valueinvestorsclub.com/ideas
Alex LaPrade retweeted
Rainbow generated over 5x more earnings than Safe in Q3 2026, yet its market cap is over 20x lower. An undervalued gem with 10x+ potential or not?
And it's not just Safe.
In this post, I want to compare @rainbowdotme with its closest competitors and figure out whether base:0xa53887f7e7c1bf5010b8627f1c1ba94fe7a5d6e0 is massively undervalued or the wallet token market is overvalued.
Let's go from the highest market cap to the lowest and compare wallet tokens based on their earnings and valuations.
→ Trust Wallet
• Q1 2026: $1.4M, Q2: $1M, Q3: $3.42M, Q4 (ongoing): $1.2M
• Market cap: $195M
• Total 2026 earnings: $7M
• Market cap / earnings: 28 years
→ SafePal
• No earnings data on DefiLlama, but its SafePal Card processed only $275K in volume over the last 30 days. I don't know anyone who uses their wallet, and I think their earnings are close to zero.
• Market cap: $122M
• Market cap / earnings: ∞ years
→ Safe
• Q1 2026: $332K, Q2: $110K, Q3: $100K, Q4 (ongoing): $19K
• Market cap: $82M
• Total 2026 earnings: $561K
• Market cap / earnings: 146 years
→ Rainbow
• Q1 2026: $593K, Q2: $366K, Q3: $512K, Q4 (ongoing): $81K
• Market cap: $4M
• Total 2026 earnings: $1.552M
• Market cap / earnings: 2.6 years
But maybe the projects I'm comparing @rainbowdotme with are simply overvalued?
Considering that these tokens are trading at much higher valuations, and many of them have even gone up since August, I think base:0xa53887f7e7c1bf5010b8627f1c1ba94fe7a5d6e0 is massively undervalued instead.
And there's more.
base:0xa53887f7e7c1bf5010b8627f1c1ba94fe7a5d6e0 is directly tied to the wallet's revenue.
By staking base:0xa53887f7e7c1bf5010b8627f1c1ba94fe7a5d6e0, you can get up to 100% of your swap fees back in base:0xa53887f7e7c1bf5010b8627f1c1ba94fe7a5d6e0, funded through token buybacks.
On top of that, 20% of Rainbow's equity is held for base:0xa53887f7e7c1bf5010b8627f1c1ba94fe7a5d6e0 holders through Rainbow Foundation.
Utility that NONE of its competitors have.
Rainbow Cash is also coming, allowing users to fund their crypto wallets with a bank card in one click, along with Solana integration.
Both features should increase the project's earnings, further reducing its market cap / earnings ratio and making the already insane valuation gap between wallet tokens even bigger.
Rainbow also publishes monthly financial metrics and management updates for token holders at investors.rainbow.me
You can actually track how the business behind your token is performing
One click crypto purchases with a bank card inside Rainbow Wallet are coming.
the feature is called Rainbow Cash.
you get a dollar balance directly inside @rainbowdotme, powered by $USDC on @base, complete KYC in the app, fund it with your debit card, and use that balance from the same wallet.
over the past few days, the team has been working on things that usually show up when a product is almost ready for real users:
→ a switch to stop new Cash signups if too many people arrive at once
→ handling accounts blocked for suspicious activity
→ restrictions for VPN, proxy and Tor users
→ checking which US states can access Cash
→ fixed phone verification
→ fixed account recovery
→ cleaning up small UI and input bugs
one of the recent PRs, #7863, was authored by Christian Baroni (@christianbaroni), Rainbow's Co-founder.
the strongest signal came from another change on October 1.
Rainbow added a cash_signup_enabled flag, with the PR description saying:
“At launch we need a way to stop new Cash sign ups if volume gets too high.”
they are clearly preparing for a potentially large wave of users, which honestly would not be surprising.
the feature solves a real problem, is easy to understand, and could bring a lot of new users into Rainbow Wallet.
Cash itself also sits behind a cash_enabled remote config flag, which means Rainbow can potentially enable it without shipping another app update.
the standard deposit fee is 3%, but there is a way to avoid it.
get Rainbow Black by staking 20,000 base:0xa53887f7e7c1bf5010b8627f1c1ba94fe7a5d6e0, and the deposit fee is waived.
this is exactly the kind of utility i want to see from a token.
especially because base:0xa53887f7e7c1bf5010b8627f1c1ba94fe7a5d6e0 already gives holders exposure to 20% of the company, while stakers also share in revenue generated from swaps and receive fees from other users exiting staking.
now Cash adds another reason to hold and stake the token through a product people may actually use every day.
i'm genuinely impressed with what @rainbowdotme is building and i'm waiting for the moment i can test Cash myself.
this is how a modern user friendly crypto wallet should look if we actually want mass adoption around the world.
Alex LaPrade retweeted
Rainbow has the best in app browser imo and you can see history and switch through wallets quickly.
Alex LaPrade retweeted
I find tokens on @fomo and make the trade on @rainbowdotme because I receive rewards and if you trade a lot, those rewards are substantial. If you stake $RNBW you can even get fees covered that scale depending on level or amount of tokens staked. I can easily claim $20 in rewards daily with how I trade currently and it adds up.
Alex LaPrade retweeted
try @rainbowdotme, idk how i would even use evm chains if it weren't for rainbow tbh
~25.9mm base:0xa53887f7e7c1bf5010b8627f1c1ba94fe7a5d6e0 staked with 7mm+ base:0xa53887f7e7c1bf5010b8627f1c1ba94fe7a5d6e0 accumulated from auto-compounding swap fees.
Just by using Rainbow, users are owning more and more of the base:0xa53887f7e7c1bf5010b8627f1c1ba94fe7a5d6e0 supply.
+ the constant reminder that @RainbowFND issued base:0xa53887f7e7c1bf5010b8627f1c1ba94fe7a5d6e0 and is the largest shareholder of Rainbow equity.
Alex LaPrade retweeted
If you are in the US* and want to try out the instant on-ramp (Visa Direct rails) that our team has been hard at work on, shoot me, @grntwrght or @rainbowdotme a message and we'll get you on a TestFlight.
*no NY or CA for right now (working to finalize licensing)
🔜 No more on-ramp widgets. We've been building an on-ramp that feels as native as swapping or sending.
$1 of fiat to $1 of USDC, instantly. $RNBW Black members won't pay a cent in on-ramp fees.
Shipping in August.
If you are in the US* and want to try out the instant on-ramp (Visa Direct rails) that our team has been hard at work on, shoot me, @grntwrght or @rainbowdotme a message and we'll get you on a TestFlight.
*no NY or CA for right now (working to finalize licensing)
🔜 No more on-ramp widgets. We've been building an on-ramp that feels as native as swapping or sending.
$1 of fiat to $1 of USDC, instantly. $RNBW Black members won't pay a cent in on-ramp fees.
Shipping in August.
Alex LaPrade retweeted
For $RNBW holders aka Rainbow shareholders it not just another fun chain, but another one revenue stream, which will make company stronger.
First class on-ramp and off-ramp features soon, Solana support soon (imo it will be the first really user friendly wallet on Sol).
base:0xa53887f7e7c1bf5010b8627f1c1ba94fe7a5d6e0
