Venus (XVS)

Here's your Crypto Watchlist for the Week:

The main theme I’m watching: the revenue-to-holder gap.

Out of 169 token protocols that generate $3.84B in annual fees, only 53% of those fees reach token holders.

The trades I care about are the ones where real fees are flowing to holders, and the multiple still looks cheap.

$XVS is probably the cleanest version of that setup.

Revenue is up 113.6% over the last 30 days, backed by $994M in TVL, with 73.5% going to XVS Vault stakers. Price is down 10.2% this week and 7.5% on the month.

$PENDLE is more mixed, with $930.9M TVL and an 85.1% revenue distribution, but revenue is down 13.2% over 30 days.

The weekly spike is what caught my attention. Price is down 11.7% this week and 14.5% on the month, but @boros_fi is the bigger watch here.

Pendle is just early to onchain funding rate markets.

$AERO remains one of the strongest holder revenue names.

100% of fees go to veAERO holders, with $310.4M TVL and $9.23M in 30-day fees; $4.95M went directly to ho

Here's your Crypto Watchlist for the Week:

The main theme I’m watching: the revenue-to-holder gap.

Out of 169 token protocols that generate $3.84B in annual fees, only 53% of those fees reach token holders.

The trades I care about are the ones where real fees are flowing to holders, and the multiple still looks cheap.

$XVS is probably the cleanest version of that setup.

Revenue is up 113.6% over the last 30 days, backed by $994M in TVL, with 73.5% going to XVS Vault stakers. Price is down 10.2% this week and 7.5% on the month.

$PENDLE is more mixed, with $930.9M TVL and an 85.1% revenue distribution, but revenue is down 13.2% over 30 days.

The weekly spike is what caught my attention. Price is down 11.7% this week and 14.5% on the month, but @boros_fi is the bigger watch here.

Pendle is just early to onchain funding rate markets.

$AERO remains one of the strongest holder revenue names.

100% of fees go to veAERO holders, with $310.4M TVL and $9.23M in 30-day fees; $4.95M went directly to ho