With over 10,000 crypto tokens, navigating the markets can be a nightmare. 99% of projects don't actually bring any utility. So how do we spot REAL potential? 🧵This thread will go over 8 of the BIGGEST bets I have for this cycle & the reasons why.

🏁Progress throughout October Here's some highlights from our favorite projects over the course of this month! $LINK partner with LG for Korean RWAs $ONDO Stocks live on Robinhood Chain $INJ launches NVIDIA GPU rental futures $AERO & Velodrome merge for unified DEX $ICP officially integrates with ChatGPT Plugin

🔥ANOTHER ONE $LINK CCIP is officially powering Hong Kong Gold Exchange's XGZ token Hong Kong Gold Exchange is the 4th largest gold trading venue by volume Which giant are will we LINK next?

We're watching all this unfold in real-time Institutions tokenizing assets AI Agents deploying on-chain DeFi ecosystems locking billions ZOOM OUT The capital & liquidity will come in due time What we're seeing here is the rollover from speculation into actual use and adoption This clearly didn't happen overnight There were countless times where it looked like it was all gonna be over for crypto Each time the industry came back stronger New use cases, new partnerships, new developments Just looking back to 2020-2021... Crypto wasn't even taken seriously in any regard. Now we have so much more than just crypto ETFs We've since seen Crypto Treasuries trading on Nasdaq/NYSE TradFi institutions invest into crypto Bank partnerships with crypto And everything else in between Yes I get the waiting is frustrating Trust me, I've been in this space for the better half of a decade now & I just want to see the flip switched too. But when you zoom out and look at the progress... Beyond daily candles, Beyond day by day news, The bigger picture becomes that much more clear. We've got the greenlight towards real world adoption, The capital and liquidity will follow in time.

If you just look at the metrics on $MORPHO You might not of even know crypto had a downturn Since the launch of Morpho, utility has been up only They've become the credit foundation for Base and Coinbase alike. We know what happens when narrative & utility align... It's just a matter of time before the market catches up ✅DeFi TVL rising to new highs ✅Active loans continue growing ✅Steady token holder growth ✅Vault deposits making new ATHs

In your opinion... What are 3 tokens that provide real TOKEN UTILITY? I'll start: $AERO top revenue DEX + 50% locked for veAERO $INJ burn auction + community buyback $NEAR execution gas burn + Intents buyback 👇Let's hear yours!

Most are sleeping on what $LINK is doing lately: ✅Connector to SWIFT Blockchain Ledger ✅Presented Fullcrum with DTCC AppChain ✅CCIP for S&P Global backed OpenZeppelin ✅LG CNS Partnership & Integration The foundation to Web3 x TradFi has been LINKED

🚨THE BIGGEST $AERO ANNOUNCEMENT SINCE THEIR LAUNCH DROPPED THIS WEEK Recently Aerodrome & Velodrome merged as ONE 7 chains 1 token 1 liquidity layer Unifying the world of DeFi with the ultimate DEX. Some key metrics before we dive deeper ✅ AERO → new AERO at 1:1 ✅ VELO → AERO at 0.044 ✅ veAERO & veVELO → sAERO ✅ 94.5% of new supply to AERO, 5.5% to VELO ✅ Live across: - Base - Ethereum - OP Mainnet - Arbitrum - Ink - Arc - Robinhood Chain Per the team, these 7 networks combine for ~$120 Bil/month in DEX volume Now let’s dive deeper Both of these protocols were already dominating their home chains Aerodrome = 58% of Base DEX volume in Q3 Velodrome = 60% of OP Mainnet Aerodrome also led ALL DEXs in bitcoin-dollar trading volume over the last quarter It's important to note BOTH infrastructures were built by the same team under Dromos Labs And on the same underlying code with the 3,3 rule. This isn't an awkward merger of any sorts, but rather unifying the teams vision under 1 greater DEX. And beyond unification, there's real benefits Here's a quick breakdown: PREDICTIVE ALLOCATION––– Weekly gauge voting gets replaced. Stakers direct reward budget toward the markets they expect to generate revenue METASWAPS––– Cross-chain trading via exisiting AERO liquidity SLIPSTREAM V3––– Dynamic fees that rise when markets move fast + MEV capture on supported L2s And per the team, 100% of the revenue goes back to AERO stakers Aerodrome already owned Base Now it’s gunning for the rest of Ethereum’s liquidity If the model holds at this scale, this is a MAJOR catalyst for DeFi overall.

This DROP nuked leveraged longs... $1B LONG vs. $6B SHORT. You know what that means. 🕐

Here's your latest On-Chain Metrics Update $ONDO Smart Portfolios cross $30M TVL $RENDER value burnt up 41% month over month $INJ 7.2M total tokens burnt (7.2% total supply) $XLM stablecoin transfer vol up 121% from Q2 $AERO tokenized stocks volume passes $3 Bil $AAVE protocol revenue up 46% over 30 days $NEAR Intents swap volume at $27.1B YTD $LINK $26.3B in cumulative CCIP transfers $UNI Base DEX volume up 57% over 30 days $HYPE #1 derivatives venue on Token Terminal $SOL $4.4B tokenized stocks trading vol since Sep Crypto Twitter timelines looking bearish, Narratives and news continue looking bullish. Ignore the noise & look at the numbers on-chain

🚨We just saw a HUGE month for $RENDER +30% frames rendered month over month +41% RENDER burnt in USD from July-Sep And compared to August... We saw almost DOUBLE the USD value of RENDER burnt ✅Network utility picking up ✅RENDER demand/burn rising

Everyone's concerned on token utility Did we forget coins like DOGE SHIB PEPE etc do 10x+ in a bull cycle? Was it the utility driving it? No, it was the meme/narratives behind them Same with 99% of crypto runs we see today You really think it's UTILITY that led tokens like QNT XRP TAO FET or whatever to have their explosive runs? Let's be real now Crypto is still incredibly early in adoption And most of the capital in here is speculation/rotation Are there rare cases where utility can be a catalyst? Sure, but that's the exception, not the norm. And THIS is where so many retail investors get it wrong. They assume good utility = good price performance. Meanwhile, look at memecoins Practically ZERO utility outperform REAL utility tokens The market doesn't reward utility just because it exists. It rewards demand and liquidity. And right now, speculation and narrative is generating a LOT more of that demand than real-world adoption. That doesn't mean utility is irrelevant. It means we're still early in the adoption curve, Where speculation dominates price action while real-world utility is still developing.

$MORPHO arguably has the STRONGEST chart out of any alt-coin I've seen All thru summer we saw crypto melting BTC falling to $58K ETH down to $1.5K And many alts made new lows. Now look at what Morpho was doing... You almost wouldn't be able to tell crypto was falling based off this chart And as we've seen the utility and actual demand for the Morpho platform reflects this strength! Decoupled cases like these amidst the worst drops in crypto are rare. MORPHO is one to have on everyone's watchlist And remember... We haven't seen a full fledged bull run for the Base ecosystem yet. When that does happen, something tells me this charts strength will REALLY begin to show

When it comes to RWAs, most look to LINK XLM ONDO All of which I'm super bullish on But I think $INJ is a SLEEPING GIANT here Overdelivering yet underappreciated. Let's break down some of what Injective has done throughout the past year ✅Official SEC Registered Transfer Agent ✅Regulated US CFTC Listing ✅Launched Injective Mint for RWAs ✅LG selecting Injective for RWAs And it's not just the fundamentals here But the INJ token itself is seeing some real numbers. 🔥7 Mil burnt to date (~7% of total supply) 🔥Over 50% of circulating INJ locked & staked This is gonna be one to watch when RWAs get serious

When the bulls are back in control & we REALLY start to see capital flow to alts... These are 5 NO BRAINERS I'd be watching: $LINK $AERO $MORPHO $INJ $XLM

$MORPHO isn't just a project/token on Base Coinbase literally depends on it's lending & credit utility for their in-house lending Most still just see Morpho as a lending protocol And while that's fundamentally what it is... There's LEVELS to this game And Coinbase selecting Morpho shows you just how they're on a whole other level. Morpho provides the lending infrastructure. Base handles settlement. Coinbase owns the customer experience. The variable-rate product runs on Morpho Blue. While the newer fixed-rate option uses Morpho Midnight, This gives borrowers a rate & repayment date agreed upfront in an automated manner. And Morpho is already one of the largest lending networks in DeFi. Currently Defillama has Morpho in 2nd place by active loans only behind Aave. Aave: ~$12.36B Morpho: ~$5.64B Keep in mind these are active outstanding loans, not cumulative borrowing volumes. The dashboard also shows meaningful monthly growth: • $5.63B in outstanding loans, up 10.4% • $16.53B in total deposits, up 6.6% • $10.34B in TVL, up 4.3% It's important to remember that Morpho themselves serve multiple chains in the DeFi landscape. And there are multiple lending/borrowing protocols. But how many have been HANDPICKED by Coinbase themselves for on-chain lending infrastructure? Only Morpho.

Reminder that $LINk had already partnered with SP Global in 2025 At the time it was to bring S&P's Stablecoin Stability Assessments onto Chainlink Datalink Now we're seeing an S&P Global acquired firm also embed Chainlink's CCIP👀 Truly LINK-ing the giants of TradFi to Web3 The past few months we've already seen SWIFT & DTCC developments too Things are moving FAST from here