CoinLaunch Space

📊 5 of 12 tokens trade above the price of their last private round > We compared each token's price on Oct 29 with the price of its last private round in the CoinLaunch database 2021 to 2025 🥇 $CGPT 3.07x 🥈 $PEAQ 2.07x 🥉 $ZBT 1.40x 4. ethereum:0xf57e7e7c23978c3caec3c3548e3d615c346e79ff 1.35x 5. $FT 1.22x 6. $AVL 0.63x 7. celestia:native 0.53x 8. solana:BZLbGTNCSFfoth2GYDtwr7e4imWzpR5jqcUuGEwr646K 0.40x 9. ethereum:0x6c76de483f1752ac8473e2b4983a873991e70da7 0.16x 10. ethereum:0xb528edbef013aff855ac3c50b381f253af13b997 0.09x 11. $W 0.05x 12. $IMU 0.03x > Dividing today's FDV by the FDV at the round price gives the same multiple, both on today's max supply Does the price of the last private round still matter to you after a token lists?

🏆 How much of its own value does a project buy back every year? Top 15 tokens by buybacks as a % of FDV > What it is? A buyback is when a project uses revenue to buy its own token. We multiply the last 30 days by 12 to get a year (our math) and compare it with FDV, the value of all tokens, locked ones included > hyperliquid:native buys back the most in dollars, 49% of the $1.55B total, but only 24% of its supply is in circulation, so its share of FDV is small. Tokens with unlocks ahead rank lower than fully unlocked ones like robinhood:0x39dbed3a2bd333467115de45665cc57f813c4571 and ethereum:0x152649ea73beab28c5b49b26eb48f7ead6d4c898 Which matters more to you: the size of a buyback or its share of FDV?

🎁 TxFlow has distributed 10,769,544 Season 0 points Season 0 covers users active before Season 1 began on Oct 12. Per TxFlow's docs: 🔹 Same base criteria as Season 1 🔹 Referrers got 10% of their referred users' trader points 🔹 Spot, prediction markets, market makers and vault addresses were excluded Season 1 pays 1,250,000 points a week to traders: 5,858 accounts shared it in Epoch 1 and 6,086 in Epoch 2 Do you judge a points program by the size of the pool or by the number of accounts sharing it?

🚨 New Pre-TGE Prime Sale on Binance Wallet PredictFun is coming to Binance Wallet with a $5.8M Prime Sale, selling 20M $PREDICT, equal to 2% of total supply 🔸 Sale price: $0.29 🔸 Max subscription: 6 BNB per user 🔸 Subscription: Oct 29, 08:00-10:00 UTC 🔸 Participation requires Binance Alpha Points BSC token 🔸Allocation is proportional under the oversubscription model PredictFun metrics: > $1.8B+ cumulative volume > 130K+ users > 4M+ matched orders > $20M+ assets earning yield The team also raised a strategic round from YZi Labs and Susquehanna Crypto Meanwhile, Binance Futures launched PREDICTUSDT pre-market perps with up to 5x leverage $PREDICT is trading around $1.41 with $15.9M 24h volume, almost 5x the $0.29 Prime Sale price Interesting setup ahead of TGE Full CoinLaunch review 👇 coinlaunch.space/events-roun…

🔎 Does TxFlow really copy Hyperliquid? Let's figure it out with the CoinLaunch team @0xJaehaerys says TxFlow forked Hyperliquid's bridge and runs just 5 validators And TxFlow's founder @matthubuilds and team member @TaizeWang answered today. So we checked what we could 🔹 Bridge: we compared TxFlow's verified bridge contract on Arbitrum with Hyperliquid's Bridge2.sol 838 of 843 lines are identical, and the 5 changes are a comment, three import paths and a testnet chain ID. TxFlow says it uses Hyperliquid's bridge contract, so this claim holds 🔹 API: TxFlow team says it is compatible with Hyperliquid's by design 🔹 Core: TxFlow says its consensus and matching engine are built in-house. Hyperliquid's are closed source, so nobody can diff them 🔹 Validators: TxFlow's public RPC lists 5 of them, and we cannot see who runs them So is that really true? Partly. The bridge is a copy and the API is mirrored on purpose, but the engine is closed source, so a copy is proven for the bridge only. Hyperliquid has become the template that many perp DEXs follow, from Lighter and Variational to BulkTrade and TxFlow, so nothing wrong with that TxFlow score on CoinLaunch 51 (Medium) Where do you draw the line between inspired by and copied from?

📊 Where do traders flip positions fastest? 24h volume divided by open interest, per DefiLlama DefiLlama shows Variational with reported volume only, so we left it out of the ranking Hyperliquid holds 56% of this open interest, and its turnover is about a third of edgeX's Which one do you think it is? @edgeX_exchange @arcus_xyz @extendedapp @Lighter_xyz @grvt_io @HyperliquidX @Aster_DEX

🔎 Top 5 protocols on @Lighter_xyz by revenue Revenue is what a protocol keeps, so it is lower than the fees traders pay Lighter itself took 89% of it. 30-day revenue on zkLighter per DefiLlama 🔹 @Lighter_xyz $2.84M 🔹 Telegram Wallet $311K 🔹 @InsilicoTrading $19.5K 🔹 @minara AI Perps $12.3K 🔹 @pear_protocol $3.9K 🔹 @TacoTradeX $0 The five others are interfaces that route trades to Lighter. DefiLlama says Insilico, Minara and Taco also count builder-code fees from Hyperliquid trades, so their figures are not Lighter-only Which perp ecosystem should we rank next?

🔎 UPD: StandX users can now check their $DUSD airdrop allocation On Oct 15 we reported that @StandX_Official would not launch a token as it shuts down. The team announced the checker today Check your allocation: standx.com/airdrop

📊 The market on Hyperliquid values Anthropic at $1.9T, almost twice its last round On Entropy's io dex you can trade a contract on Anthropic's valuation. Today $ANTH stood at $1.90T By our math, that is almost twice the $965B of the Series H that Anthropic announced on May 28 The contract settles in USDC and does not give a stake in Anthropic The market is also still small, OI is $48.1M and 24h volume $8.3M. On Aug 26 open interest was about $3.33M, per EntropyGuides So it works as a sentiment gauge around Anthropic's valuation Do you think Anthropic is worth more than $1.5T?

🚨 Massive shorts on Hyperliquid One fund is short $1.31B, 8.7% of the exchange's open interest, both wallets use all their margin Arkham attributes the positions to Abraxas Capital The five largest, $1.12B of the total: 🔹 $BTC: $413.7M short, 12.3% of all $BTC open interest 🔹 $ETH: $400.5M, 15.5% 🔹 $ZEC: $114.2M, 19.5% 🔹 $SOL: $99.1M, 17.7% 🔹 $HYPE: $89.6M, 5.6% The shorts are almost three times the fund's $447M balance on Hyperliquid, but liquidation is far By our math, the prices of all its shorted assets would have to rise 17-19% at once Together, two wallets made about $217M on perps in 30 days Positions can change fast, and these shorts are most likely a hedge