Founder at @reccfinance | Former CMO at @smithiitools | Member of @LaFamilia_so | Real Estate on-chain.
Joined December 2014
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Yesterday we launched the RECC ETF
Today I wanted to show you what we actually built.
Quick walkthrough of the platform 👇
Ale Watters retweeted
NEW: @LaunchOnSF (StonkFun) has surpassed Axiom over the past 30 days to become the 2nd-largest revenue-generating protocol on @Solana.
Ale Watters retweeted
A lot of people are wondering what the next meta is gonna be but I think it’s just gonna be stock memes again
Ale Watters retweeted
20% of TOTAL $STONK supply has now been burned.
An additional 1% burned in the last 6 days.
$STONK continue to have the highest burn rate of any revenue generating protocol.
Stonk launchpad distributes $90M to its community.
The @Solana-based @LaunchOnSF token launch platform has now distributed a staggering $90M in rewards to holders of reward tokens from its platform.
The rewards are generated through a built-in fee/tax mechanism (around 1-3%) placed on trading volume from tokens made on the platform.
Ale Watters retweeted
$STONK key figures update:
Daily trading volume: $94.7M (+69% on prev day)
Daily trading revenue: $590,268
SOL market share: 10.5%
$353,601 spent on buybacks yesterday burning 0.19% of TOTAL supply.
Ale Watters retweeted
Muy curioso curioso: @solana en volumen de tokenizacion no menciona a @Pumpfun , y menciona a todos los demás.
El más grande esta siendo @Raydium que está haciendo lo que hace gracias a @LaunchOnSF .
Solana omite a Pump, marca a Raydium como el lider, y Raydium reconoce a STONK como responsable de su liderazgo.
Recordemos que Pump gana su dinero cobrando fees. Esas fees se cobran en solana:So11111111111111111111111111111111111111112, con lo cual, tiene que dumpear (vender $SOL) para transformar el dinero en dolares.
Stonk y Raydium están haciendo dinero con memes vinculadas a cualquier cosa que no es SOL, con lo cual, a la hora de cobrar, no dumpean el token de Solana.
Ale Watters retweeted
Wow, solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn is absolutely ripping. Bullish for my solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx and solana:METvsvVRapdj9cFLzq4Tr43xK4tAjQfwX76z3n6mWQL bags as I await the obvious catchup trade
Ale Watters retweeted
Launchpad war revenue update....
Based on 24hr revenue:
1st $PUMP - $1.75m
2nd $STONK - $909,663
3rd Flap SH - $400,863
Based on 7d revenue:
1st $PUMP - $11.19m
2nd $STONK - $5.68m
3rd Flap SH - $2.07m
Based on 30d revenue:
1st $PUMP - $33.48m
2nd $STONK - $28.29m
3rd $PONS - $22.7m
No change on leaderboard in any time frame. $PUMP still clear leader with $STONK in second
** To note, $PUMP figures do not include pumpswap which is a significant part of their launchpad revenue.
Launchpad war revenue update....
Based on 24hr revenue:
1st $PUMP - $1.57m
2nd $STONK - $940,358
3rd Flap SH - $436,904
Based on 7d revenue:
1st $PUMP - $10.64m
2nd $STONK - $5.96m
3rd Flap SH - $1.87m
Based on 30d revenue:
1st $PUMP - $33.06m
2nd $STONK - $27.44m
3rd $PONS - $23.4m
No change on leaderboard in any time frame. $PUMP still clear leader with $STONK in second
** To note, $PUMP figures do not include pumpswap which is a significant part of their launchpad revenue.
$STONK looks seriously undervalued at these levels...
@DineroDom0 breaks down why Stonk could be due for a re-rate, comparing its current setup to $PONS before its massive run
Stonk is doing significantly more revenue while aggressively burning supply through buybacks, with 19% of the supply already burned and another 2%+ added today
Ale Watters retweeted
When I was originally buying solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx ~$5m mc, my thesis revolved around two core pillars
1. RWA becoming an overarching narrative on Solana ✅
2. Revenue quietly burning away all circulating supply ✅
Both of the above have accelerated since my original thesis with an added layer of resilience and social proof.
Similarly to where we were a month ago, the market is still not pricing in durability for this protocol.
The way I see it, this narrative isn’t going anywhere, and @LaunchOnSF has definitively won the RWA vertical, and produced more runners than any other launchpad we’ve seen recently.
Many outside factors are holding this down, and consensus is far from being behind this Trade. Ironically, it reminds me a lot of solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn prior to its recent run.
Pump traded below a P/S ratio of ~2.5x earnings at the bottom. I was also banging the drum on that trade.
Same trade, just more multiples on the table. News flash, both Stonk and pump can (and most likely will) coexist.
Beachball underwater. Still the most undervalued and compressed token from a P/S perspective
Comfy.
StonkFun Revenue
(October 1st)
Revenue: $893,225
Buybacks: $535,244
Burned: 2.3M solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx
stonkfun.xyz/revenue
Ale Watters retweeted
$STONK key figures update:
Daily trading volume: $150M (+34.5% on prev day)
Daily trading revenue: $980,097
SOL market share: 17.3%
$587,209 spent on buybacks yesterday burning 0.23% of TOTAL supply.
$STONK key figures update:
Daily trading volume: $229M (+185% on prev day)
Daily trading revenue: $1,163,248
SOL market share: 26.1% (+16.6% on prev day)
$703,175 spent on buybacks yesterday burning 0.275% of TOTAL supply. Over the last 7 days, over 1.3% of TOTAL $STONK supply has been burned.
Incredibly strong revenue numbers. $STONK have now flipped $PONS in lifetime revenue after crossing $29M.
