#  @jonbma Jon Ma Jon Ma posts on X about $hood, crypto, fintech, stablecoins the most. They currently have [------] followers and [---] posts still getting attention that total [------] engagements in the last [--] hours. ### Engagements: [------] [#](/creator/twitter::26697653/interactions)  ### Mentions: [--] [#](/creator/twitter::26697653/posts_active)  ### Followers: [------] [#](/creator/twitter::26697653/followers)  ### CreatorRank: [-------] [#](/creator/twitter::26697653/influencer_rank)  ### Social Influence **Social category influence** [finance](/list/finance) [stocks](/list/stocks) [cryptocurrencies](/list/cryptocurrencies) [technology brands](/list/technology-brands) [exchanges](/list/exchanges) #1305 [countries](/list/countries) [vc firms](/list/vc-firms) [currencies](/list/currencies) [social networks](/list/social-networks) [celebrities](/list/celebrities) **Social topic influence** [$hood](/topic/$hood) #225, [crypto](/topic/crypto) #5560, [fintech](/topic/fintech) #564, [stablecoins](/topic/stablecoins) #152, [coinbase](/topic/coinbase) #192, [solana](/topic/solana) #5221, [hyperliquid](/topic/hyperliquid) #154, [onchain](/topic/onchain), [usdc](/topic/usdc) #1305, [finance](/topic/finance) **Top assets mentioned** [Robinhood Markets, Inc. (HOOD)](/topic/$hood) [Coinbase Global Inc. (COIN)](/topic/coinbase) [Solana (SOL)](/topic/solana) [USDC (USDC)](/topic/usdc) [Hyperliquid (HYPE)](/topic/$hype) [Celo (CELO)](/topic/celo) [Circle Internet Group, Inc. (CRCL)](/topic/$crcl) [Mario Coin (COIN)](/topic/$coin) [Cloudflare, Inc. (NET)](/topic/cloudflare) [Zoom Video Communications Inc (ZM)](/topic/$zm) [Ethereum (ETH)](/topic/ethereum) [Bitcoin (BTC)](/topic/bitcoin) [Twilio, Inc. (TWLO)](/topic/$twlo) [BlackRock Inc (BLK)](/topic/blackrock) [Alphabet Inc Class A (GOOGL)](/topic/$googl) [Hinge Health, Inc. (HNGE)](/topic/$hnge) [Metronome (MET)](/topic/$met) [Crowdstrike Holdings Inc (CRWD)](/topic/$crwd) [Zscaler Inc (ZS)](/topic/$zs) [Salesforce Inc (CRM)](/topic/$crm) [Snowflake Inc. (SNOW)](/topic/$snow) [Drift Protocol (DRIFT)](/topic/drift-protocol) [Arbitrum (ARB)](/topic/arbitrum) [Optimism (OP)](/topic/optimism) ### Top Social Posts Top posts by engagements in the last [--] hours "Why it's important to look at LTM revenue and not just Revenue Run Rate even for software companies (especially for license + maintenance): Splunk $SPLK's revenue went down due to the seasonal nature of sales -Q4 [----] revenue $622m -Q1 [----] revenue $425m @chriszeoli" [X Link](https://x.com/jonbma/status/1135777600633098240) 2019-06-04T05:17Z [----] followers, [--] engagements "@pmmathieson Jon Rosenbaum and the @insightpartners team are awesome. Congrats" [X Link](https://x.com/jonbma/status/1138232084470779904) 2019-06-10T23:50Z [----] followers, [--] engagements "We decided to make our public comps free dashboard available without having to sign up Check it out: . Interesting to track $CRWD in which is now trading at 18x Forward ARR but $OKTA and $ZS are trading at 19-20x despite growing at half the growth rate https://www.publiccomps.com/tickers https://www.publiccomps.com/tickers" [X Link](https://x.com/jonbma/status/1139176132320743424) 2019-06-13T14:22Z [----] followers, [--] engagements "Just published "Datadog S-1 Teardown" We go through the product offering competitors and use to benchmark Datadog's key SaaS metrics Check it out https://link.medium.com/J8dXTuAGqZ http://Publiccomps.com/ticker https://link.medium.com/J8dXTuAGqZ http://Publiccomps.com/ticker" [X Link](https://x.com/jonbma/status/1165453111827357696) 2019-08-25T02:37Z [----] followers, [--] engagements "Public SaaS stock prices went 👇 last [--] days 🎢 🤯Zoom was at 27x EV/NTM ARR and now at 19x 🤦♀ Crowdstrike was at 24x EV/NTM ARR and now at 15x 😢 Zscaler was at 21x EV/NTM ARR and now 11x Track Public SaaS Valuations here at 👈 http://publiccomps.com http://publiccomps.com" [X Link](https://x.com/jonbma/status/1179855279976058883) 2019-10-03T20:26Z [----] followers, [--] engagements "$TWLO is the 4th fastest growing SaaS 🔥 📈 $1.2b Run Rate Revenue with 75% YoY growth 🤷♂Stock price is down 50% last [--] months and down 8% after beating growth expectations 👇 🔨132% Net Dollar Retention 🤨Lowest SaaS valn at 6x EV/NTM ARR http://Publiccomps.com http://Publiccomps.com" [X Link](https://x.com/jonbma/status/1189723373611474944) 2019-10-31T01:58Z [----] followers, [--] engagements "Just set up my Databricks on AWS to run some analysis on the top [--] fastest growing SaaS companies. Was cool that you can convert pyspark dataframe to pandas pretty easily using Apache Spark The docs were pretty easy to understand. Though the notebook is different from jupyter" [X Link](https://x.com/jonbma/status/1223660908091781120) 2020-02-01T17:34Z [----] followers, [--] engagements "Looked up Salesforce S-1 market size b/c of @chetanp interview 😄 "The market for on-demand application services is projected to grow from $425 million in [----] to $2.6 billion in 2007" 👉 Today $CRM is $16b of ARR 😮 SaaS is bigger than expected" [X Link](https://x.com/jonbma/status/1223991208999116800) 2020-02-02T15:26Z [----] followers, [---] engagements "💬 Twilio $TWLO is down 26% in the last month📉 But business has strong SaaS metrics ✅$1.1b rev FY'19 📈Growing 65% YoY (35% organic + 30% Sendgrid) ✅-6% FCF % ✅124% Q4'19 NDR ✅$1.8b of cash EV/NTM Rev of 7.5x today $11.2b EV https://www.publiccomps.com/tickersitems=top+10+SaaS https://www.publiccomps.com/tickersitems=top+10+SaaS" [X Link](https://x.com/jonbma/status/1237215472262828036) 2020-03-10T03:15Z [----] followers, [--] engagements "$ZM is now trading at 55x ARR with $40b EV. Servicenow is $45b of enterprise value and has $3.8b ARR. $NOW is 5x the ARR scale more profitable yet same EV as $ZM 🙃 https://www.publiccomps.com/tickersitems=top+10+SaaS%2CTEAM+%28Atlassian+Corporation%29%2CNOW+%28ServiceNow%29%2CADBE+%28Adobe%29 https://www.publiccomps.com/tickersitems=top+10+SaaS%2CTEAM+%28Atlassian+Corporation%29%2CNOW+%28ServiceNow%29%2CADBE+%28Adobe%29" [X Link](https://x.com/jonbma/status/1242123895714410496) 2020-03-23T16:19Z [----] followers, [---] engagements "A few recent high growth SaaS IPOs still trading near or less than IPO price $ZM being the obvious exception 😂 https://www.publiccomps.com/tickersitems=top+10+SaaS%2CBILL+%28Bill.com%29 https://www.publiccomps.com/tickersitems=top+10+SaaS%2CBILL+%28Bill.com%29" [X Link](https://x.com/jonbma/status/1242852345274236928) 2020-03-25T16:34Z [----] followers, [--] engagements "Zoom is incredible. Its the fastest growing SaaS Company [--] quarters after hitting $100m ARR ever. Added $88m Net New in Q4'19 and now $752m ARR growing 78% For Q1'20 with COVID-19 If it adds $100m+ in the next few quarters $ZM will be $1b ARR in 2-3 quarters. Wow" [X Link](https://x.com/jonbma/status/1242854340928270337) 2020-03-25T16:42Z [----] followers, [--] engagements "Returns since Feb 18th [----] -31% BTC -24% S&P500 -16% Top [--] SaaS +45% Zoom $ZM () 🤣" [X Link](https://x.com/jonbma/status/1243621143774298113) 2020-03-27T19:29Z [----] followers, [--] engagements "💸High growth SaaS companies cash positions💸 💬Twilio $TWLO has the most net cash (total cash - total debt) 💻Alteryx $AYX only has $88m after accounting for senior convertible notes (though they aren't due for many years) https://www.publiccomps.com/tickersitems=top+10+SaaS https://www.publiccomps.com/tickersitems=top+10+SaaS" [X Link](https://x.com/jonbma/status/1243706566605324289) 2020-03-28T01:08Z [----] followers, [--] engagements "💪SaaS companies that were hit least hard by COVID-19 WFH SaaS products that can be bought self-service like $ZM $WORK $ADBE $DOCU $TEAM Most of them are also pretty profitable except Docusign. https://www.publiccomps.com/tickersitems=ZM+%28Zoom+Video%29%2CTEAM+%28Atlassian+Corporation%29%2CDOCU+%28DocuSign%29%2CADBE+%28Adobe%29 https://www.publiccomps.com/tickersitems=ZM+%28Zoom+Video%29%2CTEAM+%28Atlassian+Corporation%29%2CDOCU+%28DocuSign%29%2CADBE+%28Adobe%29" [X Link](https://x.com/jonbma/status/1244094189320564737) 2020-03-29T02:49Z [----] followers, [--] engagements "🔥Take: Winners Curse exists more so in PE than in VC In PE the seller (PE fund or mgmt team) optimizes mostly for selling at the highest price. In VC founders care more about the right partner speed clean terms brand -- doesn't have to be the highest bid" [X Link](https://x.com/jonbma/status/1254819436889903105) 2020-04-27T17:07Z [----] followers, [--] engagements "❄ $SNOW is the fastest growing Public SaaS company since hitting $100m ARR 🔥 [--] quarter since $100m ARR $SNOW ($532m ARRR 121% YoY) is growing even faster than: - $CRWD ($365m 115%) - $ZM ($432m 108%) - $CRM ($331m 104%) - $MDB ($226m 89%) 👀 https://www.publiccomps.com/companies/SNOW https://www.publiccomps.com/companies/SNOW" [X Link](https://x.com/jonbma/status/1299055088015679490) 2020-08-27T18:44Z [----] followers, [---] engagements "❄ Snowflake is such an outlier❄ According to @publiccomps Snowflake's - Rule of [--] = 93% (Revenue Growth % + LTM FCF %) - EV/Run Rate Revenue = 136.1x 👉 Yet $SNOW trades WAY above the expected EV/ARRR 👀 https://www.publiccomps.com/tickersitems=High+Growth+SaaS https://www.publiccomps.com/tickersitems=High+Growth+SaaS" [X Link](https://x.com/jonbma/status/1306311584713760768) 2020-09-16T19:18Z [----] followers, [--] engagements "☁Takeaways from $FSLY earnings💰 [--] Revenue growth % deceled from 62% YoY to 42% [--] Driven by shift in traffic from Bytedance which is 10% of FSLY rev [--] Cool new customers adds in e-comm media and high tech driven by COVID. Data from @publiccomps ☁ $FSLY dropped their new earnings how does it compare to other CDN providers like $NET & $AKAM 📈 Growing Revenue 42% at 282M Run Rate 📏 59% Gross Margins vs $NET at 76% ✖ EV / NTM Rev at 21x vs $NET at 36x 💸 Free Cash Flow at -21% vs $AKAM at 22% via @publiccomps https://t.co/noKgoMEyTG ☁ $FSLY dropped their new earnings how does it compare to" [X Link](https://x.com/jonbma/status/1321587262946267137) 2020-10-28T22:58Z [----] followers, [--] engagements "Talked to the manager of this LA dumpling restaurant. He said because of $DASH theyre doing MORE in revenue during COVID because no longer limited by seats. 👉 Crazy how Doordash and food delivery enables some restaurants to thrive during the pandemic 🙌🏼" [X Link](https://x.com/jonbma/status/1330734807924441088) 2020-11-23T04:47Z [----] followers, [---] engagements "Hims & Hers 👨⚕👩⚕ 👨⚕Started in [----] target hair loss & sexual wellness 👉Expanded to anxiety/depression skin primary care 💰 $144m rev run rate 80% YoY growth 🔥 -83% net income % '19 proj. -15% in [----] 💪 Going public via SPAC w/ target of $1.6b https://res.cloudinary.com/forhims/image/upload/v1601546466/documents/investors/HH-Investor_Presentation.pdf https://res.cloudinary.com/forhims/image/upload/v1601546466/documents/investors/HH-Investor_Presentation.pdf" [X Link](https://x.com/jonbma/status/1332931846556897285) 2020-11-29T06:18Z [----] followers, [--] engagements "Why do a SPAC for $Hims 💰 Hims management will get $10m "transaction bonus" 💸 And another $25m to Oaktree financial advisors lawyers. 👌 Nice business model 👉 Oh and take advantage of higher public revenue multiples (21.7x for peer vs HIMS 8.9x for EV/2021E Revenue)" [X Link](https://x.com/jonbma/status/1332955042660245504) 2020-11-29T07:50Z [----] followers, [--] engagements "Pretty interesting that Meituan saw domestic hotel nights increase 3.7%+ y/y in Sept '20 But during the same period Airbnb saw nights and experienced booked drop -28% y/y Different countries similar business different results" [X Link](https://x.com/jonbma/status/1338646455926611972) 2020-12-15T00:46Z [----] followers, [--] engagements "From @kevinakwok Speiser's Playbook a benefit is raising capital. Interesting to note the role that Altimeter plays partnering with Sutterhill incubated companies: - Snowflake (Altimeter - Series C) - Transposit (Altimeter - Series B) - Sigma Computing (Altimeter - Series B)" [X Link](https://x.com/jonbma/status/1353455037784047617) 2021-01-24T21:30Z [----] followers, [--] engagements "Databricks is 🚀 At $425m ARR growing 75% with $28b valuation - Databricks trades for 64x ARR (not quite the 100x+ ARR Snowflake trades at) - 6th fastest-growing SaaS company 👉 https://www.forbes.com/sites/alexkonrad/2021/02/01/databricks-at-28-billion-valuation-from-aws-google-microsoft-salesforce/sh=5e0974b71425 https://publiccomps.com/tickersitems=High+Growth+SaaS%2CDatabricks https://www.forbes.com/sites/alexkonrad/2021/02/01/databricks-at-28-billion-valuation-from-aws-google-microsoft-salesforce/sh=5e0974b71425 https://publiccomps.com/tickersitems=High+Growth+SaaS%2CDatabricks" [X Link](https://x.com/jonbma/status/1356320866364248072) 2021-02-01T19:17Z [----] followers, [---] engagements "Databricks 🧱 investing more heavily into R&D vs S&M compared to Snowflake ❄ 🧱Databricks - Of 2K employees 42% engineering and 19% sales ❄Snowflake - Of 3K employees 23% engineering and 38% sales 👉Lead to more product velocity for Databricks over time" [X Link](https://x.com/jonbma/status/1384278931189026821) 2021-04-19T22:53Z [----] followers, [--] engagements "Monday $MNDY 📝 is public and worth $7.8B 🚀 [--] #4 fastest growth at $235m RRR +85% y/y [--] Trades at 33x EV/RR [--] Lowest NDR among top [--] SaaS at 107% - but 121% for teams 10+ (like Zoom) [--] -9% FCF margin Money 💸 [--] 87% gross margin https://www.publiccomps.com/tickersitems=top+10+SaaS https://www.publiccomps.com/tickersitems=top+10+SaaS" [X Link](https://x.com/jonbma/status/1403224379324993541) 2021-06-11T05:35Z [----] followers, [--] engagements "Also @insightpartners owns 42.7% 👀👏" [X Link](https://x.com/jonbma/status/1403224382806265858) 2021-06-11T05:35Z [----] followers, [--] engagements "Inflation officially peaked [--] Inflation keeps rolling on Truflation to 9.41% y/y -- down from 10.27% [--] month ago [--] Kalshi prediction markets have inflation at 7.09% in Nov '22 -- down from 8.27% from a few months ago [--] Invesco commodity index fund consistently $26" [X Link](https://x.com/jonbma/status/1559206007536029698) 2022-08-15T15:50Z [----] followers, [--] engagements "Big fan of @adcv_ work on shaping the financial standard for @MakerDAO. All protocols could benefit from this level of thoughtfulness. So cool to get a live P&L of MakerDAO in real-time from their Dune dash Check it out https://dune.com/SebVentures/maker---accounting_1 https://dune.com/SebVentures/maker---accounting_1" [X Link](https://x.com/jonbma/status/1571912893351739392) 2022-09-19T17:23Z [----] followers, [--] engagements "Twilio $TWLO at $3.8b run rate is growing 40% y/y with -7% LTM FCF. Twilio trades for - 2.8x EV/ARRR (run rate rev) - 5.2x EV/NTM Gross Profit. Put that into comparison Twilio traded for 30x EV/ARR in Feb '21. Wow" [X Link](https://x.com/jonbma/status/1577904304652177408) 2022-10-06T06:11Z [----] followers, [--] engagements "@iankar_ Dont really get the trade tbh for the wizards 🤷🏻" [X Link](https://x.com/jonbma/status/1670541901202866176) 2023-06-18T21:20Z [----] followers, [---] engagements "I'm helping test @friendtech the marketplace for your friends on Base 🐰 Get the app and search for my Twitter username to be an early holder of my keys 🤗" [X Link](https://x.com/jonbma/status/1709319749442662831) 2023-10-03T21:29Z [----] followers, [---] engagements "@jenny_colgate @OpenAI Congrats Jenny 🤩" [X Link](https://x.com/jonbma/status/1736538171452850611) 2023-12-18T00:05Z [----] followers, [---] engagements "@jenny_colgate @OpenAI Punny as always Jenny 😝💸 And yes we must" [X Link](https://x.com/jonbma/status/1736624111684886899) 2023-12-18T05:47Z [----] followers, [--] engagements "@NadimHossain @databricks Thank you for sharing this list. A lot of insights from a generational company in Databricks. Congrats and good luck on the next chapter Nadim" [X Link](https://x.com/jonbma/status/1755778285659725999) 2024-02-09T02:18Z [----] followers, [---] engagements "Investing is mindfulness. Investing is really just an exercise around seeing the present clearly which requires: - A beginner's mind: instead of holding a lot of priors on what is AI or $NVDA in Nov [--] (oh AI is just another fad this too shall pass) when ChatGPT was skyrocketing being open to learning as if one is a beginner again and re-underwriting one's research on NVDA AI etc would've served one well earlier on (stock was just $168 when ChatGPT launched) - Low attachment: not falling in love with a stock / asset/ etc -- I completely missed the boat on $SOL because of all the narrative /" [X Link](https://x.com/jonbma/status/1759289654044406110) 2024-02-18T18:51Z [----] followers, [----] engagements "Excited to see the intersection of comparing digital assets and tech assets overtime Cant think about @akashnet_ without thinking about @nvidia Cant think about stablecoins without thinking about Mastercard Visa Stripe. Crypto and tech assets will converge overtime" [X Link](https://x.com/jonbma/status/1762609784786915722) 2024-02-27T22:44Z [----] followers, [----] engagements "Kind of nuts that the top tokens on Uniswap on Base are meme coins Meme coin season across all chains" [X Link](https://x.com/jonbma/status/1773538150284988532) 2024-03-29T02:30Z [----] followers, [----] engagements "The lines will blur between digital assets and equities. All that will matter to investors will be fundamentals + value accrual to token or equity holders. One won't be able to evaluate DEXs like @Uniswap @UNI without looking at CEXs @coinbase or trad equity exchanges like NASDAQ NYSE etc. Assets moving on-chain will only accelerate the convergence of equities / digital assets" [X Link](https://x.com/jonbma/status/1778804880473280724) 2024-04-12T15:18Z [----] followers, [---] engagements "The risk / reward is better today for crypto w/ fundamentals than high growth SaaS. Coming from a former SaaS investor of [--] years who built a SaaS company for SaaS investing 🥲" [X Link](https://x.com/jonbma/status/1784023518146941313) 2024-04-27T00:55Z [----] followers, [----] engagements "@HappyBuddha99 Especially pudgy penguins 🤣" [X Link](https://x.com/jonbma/status/1784223257823936709) 2024-04-27T14:09Z [----] followers, [--] engagements "Fundamentals will matter in crypto. As crypto grows as an asset class ($2.5T today - $10T overtime) institutions will be the predominat flow into assets. Institutions will look for fundamentals factors and apply frameworks that made sense in traditional assets Narratives and sentiment will always play a value in crypto-- fundamentals are simply a subset of narratives. But cold / hard facts and fundamentals will ultimately drive crypto in the long run and that's why @artemis__xyz needs to exist. Our mission is to help shape crypto into a more fundamentals asset class in the long run" [X Link](https://x.com/jonbma/status/1784232222314123565) 2024-04-27T14:44Z [----] followers, 11.2K engagements "So youre bullish on stablecoins If so you are long term bullish on networks like @solana @ethereum @trondao @Celo @SuiNetwork @base @NEARProtocol @SeiNetwork @Optimism @arbitrum @StellarOrg @ton_blockchain You cant have stablecoins without decentralized networks as the backbone" [X Link](https://x.com/jonbma/status/1791299699137290254) 2024-05-17T02:48Z [----] followers, [---] engagements "Tech IPOs will inevitably come back. Not if but a matter of when. Liquidity will flow back to the funds and we can see uptick in activity - Stripe - Databricks - Circle - SpaceX - Canva - Figma - Anthropic Software IPOs by Year 😲 via @avenirgrowth https://t.co/j1UAeWomCQ Software IPOs by Year 😲 via @avenirgrowth https://t.co/j1UAeWomCQ" [X Link](https://x.com/jonbma/status/1813209262044180757) 2024-07-16T13:49Z [----] followers, [----] engagements "We need S-1 Teardowns of Protocols A clear and simple explanation of: - What does the protocol do - The founding story - Customer quotes (crypto version of @TegusHQ ) - Market Opportunity - Key Fundamentals - Business Model - Value Accrual for Token Holders - Competitive Differentiation - Token Unlock Schedule Thoughts" [X Link](https://x.com/jonbma/status/1818289780406309168) 2024-07-30T14:17Z [----] followers, [----] engagements "@davijlu @DriftProtocol @solana Bullish on @DriftProtocol and the whole team You all are cranking as the financial infra layer. Loved watching you all ship so much even during the bear market" [X Link](https://x.com/jonbma/status/1826266068652056725) 2024-08-21T14:32Z [----] followers, [--] engagements "@liamihorne @peterschroederr @arbitrum @Optimism @base @artemis__xyz Looking" [X Link](https://x.com/jonbma/status/1828508134903562408) 2024-08-27T19:01Z [----] followers, [--] engagements "@liamihorne @peterschroederr @arbitrum @Optimism @base @artemis__xyz Updated thanks to @crystaltaixyz on our team" [X Link](https://x.com/jonbma/status/1828816867584356464) 2024-08-28T15:28Z [----] followers, [--] engagements "TIL @MSCI_Inc $2.7B revenue growing 13% CAGR That's the revenue size of @FactSet CapIQ. Didn't realize how profitable and large selling to indices to index funds / ETFs are 👀" [X Link](https://x.com/jonbma/status/1831070370129936850) 2024-09-03T20:42Z 11.1K followers, [---] engagements "@DNathel @Haraka_xyz @Celo @MentoLabs We appreciate you so much Daniel 🙏🏼" [X Link](https://x.com/jonbma/status/1833946646838648953) 2024-09-11T19:12Z [----] followers, [---] engagements "@sodofi_ @Haraka_xyz @Celo @MentoLabs Let's make it happen @sodofi_" [X Link](https://x.com/jonbma/status/1834006634386890934) 2024-09-11T23:10Z [----] followers, [---] engagements "TIL: Tether did $4.5B of profits in Q1'24 while Blackrock did $1.5b of net income in Q1'24. Tether's Q1'24 profit was 3x the net income of Blackrock in Q1'24. Tether has [---] employees so $300m profit per employee. Blackrock has [-----] employees so $75k net income per employee. Insane" [X Link](https://x.com/jonbma/status/1834015994945102328) 2024-09-11T23:47Z [----] followers, [----] engagements "@Bfaviero @Haraka_xyz @Celo @MentoLabs @felspeed Unfortunately back in nyc love to link up next time @felspeed" [X Link](https://x.com/jonbma/status/1834205467075027145) 2024-09-12T12:20Z [----] followers, [---] engagements "@CryptoOnChrome @Haraka_xyz @Celo @MentoLabs Agreed Mike" [X Link](https://x.com/jonbma/status/1834414909230063672) 2024-09-13T02:12Z [----] followers, [--] engagements "@mattmaximo1 @Haraka_xyz @Celo @MentoLabs I appreciate you Matt" [X Link](https://x.com/jonbma/status/1834415077706834392) 2024-09-13T02:13Z [----] followers, [--] engagements "🚨 Updated Stablecoin Marketmap🚨 We added more projects per the community's feedback and a new section for B2B Payments. Anything else we're missing or would like to add 👇 Projects we added @iron_xyz @loopcrypto_xyz @brale_xyz @LiftDollar_USDL @etherfuse @Ripple @Raincards @monerium @beam_cash @reserveprotocol @noble_xyz @PeanutProtocol + Many Others 🚨 Stablecoin Marketmap Alert 🚨 Team at @artemis__xyz is building the most comprehensive stablecoin marketmap. Would love your input if we're missing anything 👇 https://t.co/pbWadqO5zV 🚨 Stablecoin Marketmap Alert 🚨 Team at @artemis__xyz is" [X Link](https://x.com/jonbma/status/1835953876970983909) 2024-09-17T08:08Z 10.7K followers, 21K engagements "@reserveprotocol @iron_xyz @loopcrypto_xyz @brale_xyz @LiftDollar_USDL @etherfuse @Ripple Awesome adding :)" [X Link](https://x.com/jonbma/status/1836056009955311847) 2024-09-17T14:53Z [----] followers, [----] engagements "@jnwng @Shopify @solana @helio_pay LFG" [X Link](https://x.com/jonbma/status/1837044105915802016) 2024-09-20T08:20Z [----] followers, [---] engagements "Who is Satoshi Nakamoto We'll probably never know but here's a simple prompt to ChatGPT asking which authors write similarly to Satoshi. We include an email from Satoshi to Mike Hearn on April 12th [----]. The answer [--]. Satoshi Nakamoto [--]. Hal Finney [--]. Nick Szabo [--]. Wei Dai [--]. Andreas M. Antonopoulos Hope that helps @Polymarket" [X Link](https://x.com/jonbma/status/1843702421450862752) 2024-10-08T17:18Z [----] followers, [----] engagements "Traditional Finance and Blockchain Finance are converging. The largest players in traditional finance are moving into blockchain-enabled finance. The largest asset managers Blackrock and Fidelity launched BTC and ETH ETFs this year with $80b+ of marketcap. The largest fintechs in the world are launching stablecoins like Robinhood Revolut Mercado Libre. The largest payment networks like Visa are launching tokenized asset platforms to enable banks like BBVA to issue stablecoins. We call this convergence Digital Finance. Artemis sits at the center of this convergence as a neutral data platform." [X Link](https://x.com/jonbma/status/1843742019803591064) 2024-10-08T19:55Z [----] followers, [----] engagements "Larry Fink at Blackrock was asked about digital assets at @BlackRock last earnings call. Woah. His response on why analytics enable digital assets We believe Bitcoin is an asset class in itself it is an alternative to other commodities like gold. And so I think the application of this form of investment will be expanded. Two the role of Ethereum as a blockchain can grow dramatically. So if we can create more acceptability more transparency more analytics related to these assets then it will be expanded. And I truly dont believe its a function of regulation -- of more regulation less" [X Link](https://x.com/jonbma/status/1847066591235580177) 2024-10-18T00:06Z 12.4K followers, [----] engagements "@_jnic @BlackRock Thank you Jeremy All the credit goes to the team. We appreciate you" [X Link](https://x.com/jonbma/status/1847117712285135198) 2024-10-18T03:29Z 12.4K followers, [--] engagements "@peabeev @peterschroederr @BlackRock Of course @peabeev. You can find it here https://www.bamsec.com/transcripts/92f712e5-8eb0-416a-824c-76dba62fef26 https://www.bamsec.com/transcripts/92f712e5-8eb0-416a-824c-76dba62fef26" [X Link](https://x.com/jonbma/status/1847118021824856415) 2024-10-18T03:30Z 12.4K followers, [--] engagements "@KevLeht @BlackRock Well said @KevLeht I agree" [X Link](https://x.com/jonbma/status/1847118106730111139) 2024-10-18T03:30Z 12.4K followers, [--] engagements "@algerstmehn @JaxNole_algo @artemis__xyz @RWA_xyz @adamlawrencium @CharlieYouAI @ElBarto_Crypto @AlgoFoundation @marcvl @AlgoFamily @usdc_cool Chatting with the Algorand team too" [X Link](https://x.com/jonbma/status/1847649827061969339) 2024-10-19T14:43Z 12.4K followers, [----] engagements "Does anyone know what was Stripe's TPV and net revenue in [----] and projected [----] Trying to build a model given the Bridge acquisition" [X Link](https://x.com/jonbma/status/1850170954682376222) 2024-10-26T13:41Z 12.4K followers, [----] engagements "Fintechs are slowing and need growth from stablecoins Paypal Stripe and fintechs are running out of growth in traditional digital payments. Moving their focus to REAL stablecoin payments which has an even bigger TAM that's growing faster is the best way to re-accelerate growth: Look at Paypal. TPV is 11% YoY and Venmo grows 8% YoY. That's just not enough growth to justify high multiples moving forward when stablecoins are growing 100% YoY on real transfer volume" [X Link](https://x.com/jonbma/status/1850185590756589890) 2024-10-26T14:39Z 12.4K followers, 11.5K engagements "Let's go @Nick_van_Eck Wait until we add Sui and Mantle data for $AUSD on Artemis. $AUSD is doing more daily volume than $PYUSD with a 2x. $AUSD volume was up 5x MoM. $PYUSD was live on mainnet before Agora was even founded. Think $AUSD will top $PYUSD volume by end of year I think so. $AUSD is doing more daily volume than $PYUSD with a 2x. $AUSD volume was up 5x MoM. $PYUSD was live on mainnet before Agora was even founded. Think $AUSD will top $PYUSD volume by end of year I think so" [X Link](https://x.com/jonbma/status/1853555794303987920) 2024-11-04T21:51Z [----] followers, [----] engagements "The best founder who is obsessed with customers: @Bouazizalex Mad respect and now I understand why @deel is a complete 🚀" [X Link](https://x.com/jonbma/status/1854748669959917884) 2024-11-08T04:51Z [----] followers, [----] engagements "Wow Palantir is quite expensive -- up 270% YTD but 50x+ EV/ARR" [X Link](https://x.com/jonbma/status/1858653558075265121) 2024-11-18T23:28Z [----] followers, [----] engagements "🚨 Stablecoin Marketmap - November 2024🚨 Stablecoin startups continue to grow quickly after the Stripe acquisition of Bridge. Notable Startups: [--] @ConduitPay: cross-border payment platform [--] @liquifi_finance: stablecoin payroll and partnership with @deel [--] @mural_pay: global payments platform seeing strong demand in Argentina [--] @Bitso: launch of MXNB stablecoin linked to Mexican peso [--] Codex: enabling a universal cash system cofounded by @momoeureka @haonan Any others" [X Link](https://x.com/jonbma/status/1861854821319655570) 2024-11-27T19:29Z [----] followers, [----] engagements "✨ NEW stablecoin marketmap - December [----] ✨ Find the next big stablecoin startup 👇" [X Link](https://x.com/jonbma/status/1864828187231825998) 2024-12-06T00:24Z [----] followers, 29.4K engagements "@Wyatt_Lonergan @vaneck_us Happy to" [X Link](https://x.com/jonbma/status/1864854177525923875) 2024-12-06T02:07Z [----] followers, [---] engagements "@doganeth_en @getclave @parabolfi ❤" [X Link](https://x.com/jonbma/status/1865101005739708775) 2024-12-06T18:28Z [----] followers, [---] engagements "Reminder: Be ok with rejection. Out of college I was an analyst at @insightpartners where our job was to cold email / cold call entrepreneurs. I remember sending out 100s of customized cold emails every week and sweating and feeling nervous before all the cold calls but overtime being very ok with the constant rejection / "we're heads down" / or ghosted emails. As I get older I realize there's a tendency to play it safe -- not to face the embarrassment of a cold outreach or selling a candidate / customer / partner. Perhaps its ego comfort wanting to distance oneself from the pain of" [X Link](https://x.com/jonbma/status/1865456486668771636) 2024-12-07T18:00Z [----] followers, 17.1K engagements "@Yueqi_Yang @nmasc_ More up to date stablecoin market map @Yueqi_Yang https://www.stablecoinsmap.com/ https://www.stablecoinsmap.com/" [X Link](https://x.com/jonbma/status/1867057081498603949) 2024-12-12T04:01Z [----] followers, [--] engagements "@crystaltaixyz @NEARProtocol @base @artemis 😍" [X Link](https://x.com/jonbma/status/1867685760369143862) 2024-12-13T21:39Z [----] followers, [--] engagements "☠ HO HO HO 🎅 lets spread some holiday glow 🎄 reply with your Wrapped Artemis persona dont delay and well pick [--] winners to brighten their day [---] USDC is yours to win so find your persona and jump right in find your persona here 👉 https://t.co/69TDxGPW6R https://t.co/KlgrNzBKUN HO HO HO 🎅 lets spread some holiday glow 🎄 reply with your Wrapped Artemis persona dont delay and well pick [--] winners to brighten their day [---] USDC is yours to win so find your persona and jump right in find your persona here 👉 https://t.co/69TDxGPW6R https://t.co/KlgrNzBKUN" [X Link](https://x.com/jonbma/status/1870280827265003989) 2024-12-21T01:31Z [----] followers, [----] engagements "🎅 Confession: Im a normie. I first came across Bitcoin in [----] in a computer science course. Our assignment was to cluster BTC wallets. My mom was going through chemotherapy so I didnt care much and quickly submitted the assignment chalking up this Bitcoin thing as some internet fad. I got back into crypto again in [----] when I bought BTC Litecoin and other altcoins at the top. A cold outreach and convo with @ErikVoorhees from Shapeshift blew my mind that there could be a separation of government and money. Back then I was firmly in the camp that BTC was the killer use case as digital gold" [X Link](https://x.com/jonbma/status/1871776445095387233) 2024-12-25T04:34Z [----] followers, 13.4K engagements "Live stablecoin market map here: https://www.stablecoinsmap.com/ https://www.stablecoinsmap.com/" [X Link](https://x.com/jonbma/status/1872307113197969547) 2024-12-26T15:42Z [----] followers, [----] engagements "Cheers to $200B of stablecoin supply 🥳" [X Link](https://x.com/jonbma/status/1872856195058548807) 2024-12-28T04:04Z [----] followers, 58K engagements "So many real on-chain businesses hiding in plainsight 16+ protocols with $100m+ annualized fees More to come in 2025" [X Link](https://x.com/jonbma/status/1876045366677885168) 2025-01-05T23:17Z [----] followers, [----] engagements "Congrats @DriftProtocol @cindyleowtt @davijlu 🥳 Love Drift's mission to build a wealth creation machine for everyone to have the tools to grow wealth in crypto. 🚨JUST IN: @DriftProtocol reaches $1.03B in TVL a new all-time high for the protocol. https://t.co/jbHCzsiaIv 🚨JUST IN: @DriftProtocol reaches $1.03B in TVL a new all-time high for the protocol. https://t.co/jbHCzsiaIv" [X Link](https://x.com/jonbma/status/1876296119912964130) 2025-01-06T15:53Z [----] followers, [---] engagements "@0xnirmal @andylouisqin One might say Nirmal is the LeBron James of data. One day Chakra enjoyers will spend time meditating on Nirmal Krishnan day" [X Link](https://x.com/jonbma/status/1879352281428316334) 2025-01-15T02:17Z [----] followers, [---] engagements "Insane @realDonaldTrump owns 80% of $TRUMP. Currently $8.6B FDV. Thats $6.8B. owned by one man. Jesus Christ" [X Link](https://x.com/jonbma/status/1880481976517554284) 2025-01-18T05:06Z [----] followers, [----] engagements "@packyM Wow 😳. Insane" [X Link](https://x.com/jonbma/status/1881054835296067922) 2025-01-19T19:03Z [----] followers, [---] engagements "Can someone share a DCF of $TRUMP" [X Link](https://x.com/jonbma/status/1881118145500664000) 2025-01-19T23:14Z [----] followers, [---] engagements "Fundamentals matter in crypto. Despite the market drawdown of 20% in most assets $GEOD is down -0.28% in the last [--] hours. $3m ARR up 4x YoY and just raised $8m from @multicoincap Real fundamentals means there's a floor price. Study @GEODNET_" [X Link](https://x.com/jonbma/status/1896786278219391432) 2025-03-04T04:54Z [----] followers, [---] engagements "When Global Venmo for Crypto cc @anthonyyim" [X Link](https://x.com/jonbma/status/1896985864871596325) 2025-03-04T18:07Z [----] followers, [----] engagements "Metric that matters in crypto: Revenue Projects trading for or 1x revenue. - Jito - Pancake Swap - Maker Generational buys as the market is bottoming" [X Link](https://x.com/jonbma/status/1899939758748369298) 2025-03-12T21:45Z [----] followers, [----] engagements "Invest in DeFi or Fintech Equities Discuss" [X Link](https://x.com/jonbma/status/1906054256001744905) 2025-03-29T18:42Z [----] followers, [----] engagements "Here's the sources too: Note that @HyperliquidX partial month for April" [X Link](https://x.com/jonbma/status/1910123676818981242) 2025-04-10T00:12Z [----] followers, [----] engagements "@aboutgolgainz @defi_monk @RobinhoodApp @HyperliquidX $HOOD has like 25m funded customers $HYPE 25k unique traders -- HYPE is more geared towards professional traders" [X Link](https://x.com/jonbma/status/1910124779367268393) 2025-04-10T00:16Z [----] followers, [----] engagements "@degenerateLuka @RobinhoodApp @HyperliquidX MM trading on HYPE might lead to higher volumes" [X Link](https://x.com/jonbma/status/1910125432181326322) 2025-04-10T00:19Z [----] followers, [----] engagements "Artemis ❤ @Dorm_DAO Lovely chatting about why revenues matter in crypto today with the DormDAO squad 😎 Thank you for having us @ZackBlatt" [X Link](https://x.com/jonbma/status/1915490241512644696) 2025-04-24T19:37Z [----] followers, [----] engagements "Stablecoins are real and here. @chamath cites Artemis stablecoin data on his Primer on Stablecoins I've always been a fan of the All-In Pod and Social Capital so was so excited to see Artemis dashboard comparing stablecoin transfers vs ACH and Visa in the wild. Huge shout out to the Artemis stablecoin team @anthonyyim @crystaltaixyz @0xpastaman @irwynliong @ElBarto_Crypto who made the dashboard happen Deep Dive: A Primer on Stablecoins Last year Visa announced the launch of the Visa Tokenized Asset Platform a new infrastructure designed to help banks issue and manage stablecoins and tokenized" [X Link](https://x.com/jonbma/status/1917432806617276796) 2025-04-30T04:16Z [----] followers, [----] engagements "Quality onchain businesses have higher multiples .@HyperliquidX marketshare went from 15% to 80% of trading volume for Perps in [--] year. Hyperliquid continues to dominate in marketshare and unique traders (22k) which begets more liquidity and traders. Not surprisingly $HYPE trades for a higher multiple at 17x versus mean comp of 12.8x. Dominant businesses will fetch higher multiples in DeFi just like in fintech" [X Link](https://x.com/jonbma/status/1921249849023873239) 2025-05-10T17:03Z 11.2K followers, 19K engagements "@Altcoinist_com @ribbita2012 🤔" [X Link](https://x.com/jonbma/status/1922107508996362378) 2025-05-13T01:51Z 12.5K followers, [---] engagements "10 Takeaways from Chime S-1 💵 [--] Valuation: $11.4B Marketcap (from secondary markets) 2Strong Groth: $2B Net Revenue run rate+32% YoY 3Valuation Multiple: 6.6x Marketcap / Gross Profit ($NU is 12x $XYZ is 4x Dave is 7.3x)at $11.4B 4Description: Fintech NOT bank that serves Americans $100k income / year 5Top Line: $138B total purchase volume run rate +21% YoY implies 1.4% take rate Note: Net Revenue = interchange from purchase volume 6Users: 8.6m Active Members +22% YoY ($HOOD has 25.8m funded accounts + 8% YoY; Dave has 2.5% +13%)-- there's 196m American adults that live paycheck-to-paycheck" [X Link](https://x.com/jonbma/status/1922714528296361986) 2025-05-14T18:04Z [----] followers, 26.5K engagements "Congrats @yoniassia and @eToro - At $67 eToro trades at $5.6b - $824m adj. net revenue (removing crypto COGS) - Revenue +42% YoY (#3 in fintech comps) - 6.9x gross profit (median is 7.3x) - 28.2x net income (median is 32.x) - 37% of revenue from crypto Crypto 🤝 Equities. eToro opens for trading $ETOR First trade price $69.69 What an amazing [--] year journey Thank you all eTorians and all amazing customers of @eToro eToro opens for trading $ETOR First trade price $69.69 What an amazing [--] year journey Thank you all eTorians and all amazing customers of @eToro" [X Link](https://x.com/jonbma/status/1922822485092815211) 2025-05-15T01:12Z [----] followers, [---] engagements "The eToro Founder Letter is ❤ Make Investing Accessible to Everyone. "eToro was born in [----] out of a simple yet powerful idea: to make investing accessible to everyone regardless of their background or financial experience. At the time investing was largely the domain of traditional financial institutions catering to seasoned investors with significant capital. Retail investors faced daunting barriers: complex platforms high fees and a lack of educational resources. The goal was to change that by using technology to level the playing field and create a platform that could empower anyone to" [X Link](https://x.com/jonbma/status/1922861885361185222) 2025-05-15T03:49Z [----] followers, [----] engagements "Here are the stablecoin products that have Yield Fed Funds Rate [--]. AUSD insurance vault on Drift-Solana: 21% [--]. Dolomite USDe on Berachain: 20.3% [--]. USDC-EURC on Orca-Solana: 19.1% Question will ultimately what is risk adjusted yield See yields here: https://app.artemis.xyz/stablecoinstab=yield https://app.artemis.xyz/stablecoinstab=yield" [X Link](https://x.com/jonbma/status/1923774273942061216) 2025-05-17T16:15Z [----] followers, [----] engagements "Circle CCTP does $40-50B annualized volume but Circle makes $0 revenue. Circle CCTP is the largest cross chain bridge at almost 50% bridge volume. CCTP allows end-users to safely and cost-efficiently transfer USDC from one supported blockchain to another" [X Link](https://x.com/jonbma/status/1924102734896337036) 2025-05-18T14:00Z [----] followers, [----] engagements "Biggest winner of stablecoins: [--]. Tron: #1 blockchain for USDT; 30% of stablecoin marketcap [--]. Tether: USDT is 63% of stablecoin marketcap [--]. Binance: 40M+ active Binance Pay users; BNB is 28% of all stablecoin active addresses" [X Link](https://x.com/jonbma/status/1924591781821436190) 2025-05-19T22:23Z [----] followers, [----] engagements "Thank you Luca The control piece I don't think I fully appreciated -- Circle in the hands of another exchange or Ripple could break the distribution agreement they set in place. "In addition what is the impact of macroprudential regulation under GENIUS on capital structure and return on book Probably bad." -- what's getting you to say this I would've thought GENIUS would lead to more consolidation and Circle benefiting from having clear reserve backing. The cost cutting is an interesting angle -- I'd imagine that would be Coinbase's play given Circle is 1000+ employees and Tether is [---] but" [X Link](https://x.com/jonbma/status/1924960345153819008) 2025-05-20T22:48Z 10.4K followers, [---] engagements "' the bull case for ' $6B 👇 TL;DR Upside case for Circle is $30B in 3-5 years from growing total stablecoin supply to $1T growing marketshare to 29% of stablecoin supply distribution costs flatten. $CRCL could generate $1B of Net Income and at 30x PE $30B. Background Circle is the #2 stablecoin issuer in the world with USDC which sits at $62B up 90% YoY. At $26 the high range of the IPO price Circle is valued at $6.3B fully diluted market cap or $5.3B enterprise value. Most of the commentary on Circle has been around slowing [----] revenue growth decreasing gross profit from increasing" [X Link](https://x.com/jonbma/status/1927869504006099006) 2025-05-28T23:28Z [----] followers, 136.3K engagements "@prince_lantern @vipgoy @ARKInvest I think its totally possible -- stablecoin supply could grow to a couple trillion as banks launch their own stablecoins. USDC i'd imagine as a public / well regulated issuer would benefit. Upside case could be a lot higher" [X Link](https://x.com/jonbma/status/1928118027444232523) 2025-05-29T15:55Z [----] followers, [--] engagements "Circle's 58% YoY growth rate at IPO makes $CRCL the fastest growing fintech in the public markets. Yes growing even faster than $HOOD at 50% YoY" [X Link](https://x.com/jonbma/status/1930003958212506086) 2025-06-03T20:49Z 10.3K followers, 93.2K engagements "Circle at $52/share $12.6B enterprise value That's nearly 2.5x what they were originally going to price. On Q1'25 number implies 13.7x EV/Gross Profit 25.9x P/E. Median Fintech Comps trade for 31.4x PE Here's a Circle Financial model to help you navigate $CRCL as a public company 👇 Here are some updates to our model - 2025: assume 25% marketshare for USDC 65% YoY growth - Our base case IRR went from 24% to 4.7% IRR - Our upside case IRR went from 47% IRR to 23.7% IRR. Definitely a big IPO for Circle. Congrats" [X Link](https://x.com/jonbma/status/1930653146604314836) 2025-06-05T15:49Z 10.4K followers, 45.4K engagements "Wow. Circle at $84/share implies: - $22B company (Robinhood is $64B) - 87x net income (#2 right behind Chime) - 24.5x gross profit (#2 right behind $Hood) 40% gross margin (lowest besides Square) - 58% YoY growth (#1 in fintech comp) Insane demand by retail / institutions for pure play exposure to stablecoin growth. Congrats @jerallaire and @circle Circle at $52/share $12.6B enterprise value That's nearly 2.5x what they were originally going to price. On Q1'25 number implies 13.7x EV/Gross Profit 25.9x P/E. Median Fintech Comps trade for 31.4x PE Here's a Circle Financial model to help you" [X Link](https://x.com/jonbma/status/1930761318694322487) 2025-06-05T22:59Z 10.4K followers, 45K engagements "Circle at $115/share $30.5B marketcap 😳 That's half the market cap of $COIN $64B and $HOOD $66B. At this point $CRCL may be the one buying Coinbase 🤣 Key Valuation Updates: - 32.6x Gross Profit (#1 multiple AHEAD of Robinhood median is 8.8x) - 116x Earnings (#2 behind Chime Median Comp Set is 49.1x) - 59.x adj. EBITDA (Q1'25 annualized) - Don't look at revenue multiples for fintechs -- it's not the right KPI. Key Metric Reminders: $60B USDC supply growing 91% YoY (USDT is $112B growing 40% YoY) - $2.3B annualized revenue +58% YoY (#1 growth rate among fintechs) - $923M annualized gross" [X Link](https://x.com/jonbma/status/1931028121832013940) 2025-06-06T16:39Z 11.9K followers, 14.8K engagements "@LucaProsperi @m0foundation @usualmoney @noble_xyz Congrats Luca and team" [X Link](https://x.com/jonbma/status/1931034240390463997) 2025-06-06T17:03Z 10.4K followers, [---] engagements "If @Tether_to went public TODAY Tether would be the 19th largest company in the world at $515B. That's ahead of Costco and Coca Cola. Here's why: - Circle is now public at $30B marketcap - Our financial model has Circle at $410B EBITDA in [----] or 69.3x EBITDA - Tether claims $13B of net profits in [----]. $7B came from Treasuries and Repos -- the other $5B came from unrealized gains from Bitcoin and gold holdings which we don't include in EBITDA. - We assume Tether grows USDT supply by adding another $50-$60B of USDT and avg USDT supply in [----] is $170B with avg Fed Funds Rate of 4.2% implies" [X Link](https://x.com/jonbma/status/1931072826049429590) 2025-06-06T19:36Z 11.5K followers, 252.1K engagements "Who are the best fintech investors in the world" [X Link](https://x.com/jonbma/status/1934619840783814935) 2025-06-16T14:31Z 12.3K followers, [----] engagements "Imagine if Stripe went public what valuation it would fetch" [X Link](https://x.com/jonbma/status/1936135269452779738) 2025-06-20T18:53Z 11.1K followers, [----] engagements "Circle keeps getting crazier now $65B. In comparison - Robinhood $69B $1.3B of net income 51.5x NI - Coinbase is $78B $2B of net income 37.3x NI - Circle is $65B $259M of net income 216x NI Circle now trades for: - 24.2x Q1'25 revenue run rate - 60.7x Q1'25 gross profit run rate - 216x Q1'25 net income run rate. Investors clearly want stablecoin bets. Circle is currently valued at $55B enterprise value. That implies on [----] numbers: - 58.1x Gross Profit. - 125.2x EBITDA - 163.7x Net Income I added Circle Payment Network as a revenue line item - $570b+ B2B Payment Volume in [----] - 20% of" [X Link](https://x.com/jonbma/status/1936201904888955090) 2025-06-20T23:18Z 11.6K followers, 402.2K engagements "Oops now $76B. The flippening of $COIN likely happening sooner than later. Wow" [X Link](https://x.com/jonbma/status/1937169856694239560) 2025-06-23T15:24Z 11.1K followers, [----] engagements "@CompoCapital What would this imply in your opinion @CompoCapital" [X Link](https://x.com/jonbma/status/1937170062856577515) 2025-06-23T15:25Z 11.1K followers, [---] engagements "Sheesh. Circle MC Coinbase MC on a fully diluted basis. Who is going to buy who 🤣 On a fully diluted basis at this morning's high Circle market cap flipped Coinbase the Company who gets 50% of their gross revenue. https://t.co/uXyIXEynqd On a fully diluted basis at this morning's high Circle market cap flipped Coinbase the Company who gets 50% of their gross revenue. https://t.co/uXyIXEynqd" [X Link](https://x.com/jonbma/status/1937209741089943717) 2025-06-23T18:02Z 11.1K followers, [----] engagements "Congrats @codex_pbc and @circle Codex is the native chain for stablecoins with USDC on day [--] Native USDC is now live on Codex 📰 More info: https://t.co/cdmoBg1ac1 🌎 Web: https://t.co/uRM3zdkovQ ⚒ Docs: https://t.co/QZiXjum1Wg https://t.co/HRPKrOmKR8 Native USDC is now live on Codex 📰 More info: https://t.co/cdmoBg1ac1 🌎 Web: https://t.co/uRM3zdkovQ ⚒ Docs: https://t.co/QZiXjum1Wg https://t.co/HRPKrOmKR8" [X Link](https://x.com/jonbma/status/1937593885406150900) 2025-06-24T19:29Z 11.1K followers, [----] engagements "Anyone use @HingeHealth Love to chat with you as a member. Preparing a bull case on why $HNGE is one of the best apps to benefit from AI in an unsexy industry" [X Link](https://x.com/jonbma/status/1941373281959125014) 2025-07-05T05:47Z 11.7K followers, [----] engagements "Fintech Multiples growing as well. $HOOD now trades at 26.1x annualized revenue and 72x earnings at $96B marketcap $COIN now trades at 13.1x annualized revenue and 50.7x earnings at $106B marketcap. $CRCL now trades at 24.6x annualized revenue and 219x earnings at $56B marketcap Growing demand for high quality SaaS / AI / Fintech + Macro Set Up = we are going back to all time highs in multiples. This bodes well for DeFi like $HYPE that $936M annualized revenue and 15.8x MC/Revenue. Public multiples blowing out as markets go full risk on. NTM revenue multiples doubled from 10.3x a year ago to" [X Link](https://x.com/jonbma/status/1946597490754535822) 2025-07-19T15:46Z 11.4K followers, 37.1K engagements "Circle $CRCL is now a $56B company. Circle trades at 24.5x rev 61.4x GP 219x earnings. You can make money on Circle if you believe [--]. With the passage of the GENIUS bill stablecoins can reach at least $3T in [----]. [--]. Circle takes up 29% of total supply and doesn't lose significant share to other issuers and banks. [--]. Circle pays no more than 70% of revenue as distribution costs. [--]. Fed Funds rate are no lower than 2.8% (Market consensus for July [----] rates is 3.24% [--]. Circle only grows headcount by 70%. That implies in [----] Cirlce does $20B of revenue $6.2B of gross profit $4B net income." [X Link](https://x.com/jonbma/status/1947064605554995658) 2025-07-20T22:42Z 12.4K followers, 36.9K engagements "Coinbase Q2'25 Earnings was predictable. And our fundamental analyst @kevinlhr88 nailed it. Estimate: $1.495 billion (-$2m) Street: $1.594 billion (+97m) Actual: $1.497 billion The headline was $COIN did $1.497B in Q2'25 revenue -26% QoQ and underdelivered relative to street consensus of $1.594B. Stock is down 8% after hours. Wall Street needs to wake up that onchain / offchain data is like credit card panel data for consumer businesses. Coinbase Circle and soon Robinhood earnings can be accurately predicted and the earnings announcements shouldn't be a surprise on revenue beats or" [X Link](https://x.com/jonbma/status/1951118370151211212) 2025-08-01T03:10Z 12.3K followers, 24.6K engagements "Hyperliquid hit $1.1B annualized revenue growing 40% MoM in July '25 We define revenue as fees that goes to the Assistance Funds used for buybacks + gas fees paid on HypeEVM. As crypto markets and $HYPE price contracts Hyperliquid revenue multiple is now 11.2x MC/revenue the lowest since March / April '25 when the low was 7.2x Comparatively - Best in class fintech trade for 7.2x growing 32% YoY - $COIN trades at 13.4x revenue / 11.6x GP - $HOOD trades at 22.3x revenue / 23.4x GP - $CRCL trades at 18.4x revenue / 42.6x GP" [X Link](https://x.com/jonbma/status/1952141041307455568) 2025-08-03T22:54Z 11.7K followers, 86.2K engagements "1/ Its probably some metric in between FDC and MC. We've been playing around with issued supply. 2/ Agreed on top of market -- volumes and price can certainly drop but I'd argue if you zoom out like for Robinhood the volumes do cycle. Robinhood Coinbase Exchanges Hyperliquid DEXs will naturally cycle up and down its a matter what the APEX looks like for each cycle and I think if tokenized stocks pre-IPO shares foreign currencies stablecoins and other assets keep moving onchain the peaks will be even higher" [X Link](https://x.com/jonbma/status/1952378958428750172) 2025-08-04T14:39Z 11.6K followers, [----] engagements "Its contrarian to be a fundamental investor in 2025" [X Link](https://x.com/jonbma/status/1953198772269531628) 2025-08-06T20:57Z 11.7K followers, [----] engagements "Do you want to be a part of the most legendary stablecoin data squad of all time If you want to shape the future of crypto and stablecoins this role is for you. We are hiring a Stablecoin Data Engineer to help @ElBarto_Crypto @0xpastaman @anthonyyim build world class stablecoin datasets to help usher in the next trillion of stablecoin supply. Please DM or comment below if you are interested" [X Link](https://x.com/jonbma/status/1957844058077815125) 2025-08-19T16:36Z 11.8K followers, [----] engagements "Get the most accurate / up to date / painfully curated DAT metrics here :) : https://docs.google.com/spreadsheets/d/1rzkLcGx7cSuelHrQZzec-UaeDm2Z1mYK7fFCZwVNR50/editgid=0#gid=0 https://docs.google.com/spreadsheets/d/1rzkLcGx7cSuelHrQZzec-UaeDm2Z1mYK7fFCZwVNR50/editgid=0#gid=0" [X Link](https://x.com/jonbma/status/1957861044728000848) 2025-08-19T17:43Z 12.6K followers, [---] engagements "Figma is $1B ARR growing 45%+ w/ 40% FCF margin. Well positioned for AI to help product builders. Trading at 38x ARR with today's drawdown -- is still meaningfully above the 15-25x ARR high quality SaaS trades at. But its starting to look. not crazy Curious how Q2'25 earnings go. $FIG" [X Link](https://x.com/jonbma/status/1957863420428210465) 2025-08-19T17:53Z 11.8K followers, [----] engagements "Coming soon. ETH DAT Comps. The most accurate DAT dashboard in crypto starting with ETH. h/t @kevinlhr88" [X Link](https://x.com/jonbma/status/1957971160102306091) 2025-08-20T01:01Z 12.2K followers, [----] engagements "This is why I think its wrong to think about crypto or non crypto. Think of as digital finance: apps that straddle stocks tokens DATs tokenized stocks private companies. There will be multiple winners and rn seems like $HOOD $HYPE the underlying assets like $ETH $BTC We will see multiple onchain and traditional fintech winners. Super excited for this new era for finance. On the surface Q2 crypto was rough for COIN & HOOD: - COIN Q2 retail crypto volumes: -45% q/q - HOOD Q2 crypto volumes: -39% q/q But the real Q2 story was retail volumes had actually moved over to DAT land. Which contributed" [X Link](https://x.com/jonbma/status/1957996099718762540) 2025-08-20T02:40Z 11.8K followers, [----] engagements "@_muhraf_ Love to chat" [X Link](https://x.com/jonbma/status/1959343808035922175) 2025-08-23T19:55Z 12.2K followers, [----] engagements "@JacobKinge 😜 http://stablecoin.fyi http://stablecoin.fyi" [X Link](https://x.com/jonbma/status/1959389433607675934) 2025-08-23T22:56Z 12.2K followers, [----] engagements "@wardy_ben Theres a lot in tech or crypto. Few that come to mind in crypto - @maplefinance - @HyperliquidX - @DriftProtocol - @JupiterExchange - @pendle_fi - @ethena_labs Can do an entire thread on public tech companies" [X Link](https://x.com/jonbma/status/1959390257855828162) 2025-08-23T23:00Z 12.2K followers, [--] engagements "Pumped to see Artemis cited by @DigitalAssets in the piece "Blockchains as emerging economies". Check out how the FDAM team views valuing blockchains: https://institutional.fidelity.com/app/proxy/contentliteratureURL=/9919383.PDF https://institutional.fidelity.com/app/proxy/contentliteratureURL=/9919383.PDF https://institutional.fidelity.com/app/proxy/contentliteratureURL=/9919383.PDF https://institutional.fidelity.com/app/proxy/contentliteratureURL=/9919383.PDF" [X Link](https://x.com/jonbma/status/1960085131399737841) 2025-08-25T21:01Z 12.2K followers, [---] engagements "The best and most accurate DAT dashboard 👇 🚨 New launch: Digital Asset Treasuries (DATs) Track how public companies like MSTR MTPLF BMNR SBET DFDV UPXI all manage their BTC ETH and SOL At a glance see: - Net Asset Value (mNAV) by BTC ETH SOL - % of total token supply held in DATs - Trading volume & historical https://t.co/ROKvwKiIqX 🚨 New launch: Digital Asset Treasuries (DATs) Track how public companies like MSTR MTPLF BMNR SBET DFDV UPXI all manage their BTC ETH and SOL At a glance see: - Net Asset Value (mNAV) by BTC ETH SOL - % of total token supply held in DATs - Trading volume &" [X Link](https://x.com/jonbma/status/1961579005691527624) 2025-08-29T23:57Z 12.3K followers, [----] engagements "Wild that @SharpLinkGaming trades 1x mNAV. Average mNAV is 1.38x. Bullish for $SBET Kudos @kevinlhr88 for the DAT comp table" [X Link](https://x.com/jonbma/status/1965441295142551710) 2025-09-09T15:44Z 12.3K followers, [----] engagements "I thought that's why more fintech / stablecoin oriented banks like Column (@williamhockey @0xjpb1) could win here post GENIUS due to exactly the single point of failure and reliance on Lead. Isn't the steady state more sponsor banks which would mitigate the single point of failure risk" [X Link](https://x.com/jonbma/status/1965802061838057712) 2025-09-10T15:38Z 12.3K followers, [---] engagements "@theo_zananiri @artemis @ethena_labs @0xbeamish Truly never does" [X Link](https://x.com/jonbma/status/1966301466744041639) 2025-09-12T00:42Z 12.3K followers, [--] engagements "@dylangbane @artemis @MKhurshed08 @MessariCrypto @MKhurshed08 first piece will be on Taylor/Travis creator stablecoin 😛😜. Jk" [X Link](https://x.com/jonbma/status/1966575840554021002) 2025-09-12T18:53Z 12.3K followers, [--] engagements "Announcing Deep Dives at @artemis. Get the deep metrics that matter for: @Polymarket @Kalshi @ethena_labs @maplefinance @pendle_fi @AerodromeFi And more. Huge kudos to @crystaltaixyz @0xbeamish @0xslayerrrr @x0wes @kaviishsethi @kdhk_ @0xsunny77 etc for making this happen" [X Link](https://x.com/jonbma/status/1967988980181254623) 2025-09-16T16:28Z 12.3K followers, [----] engagements "@nickfarrow76 @dadiomov Im not looking forward to LBJ playing for the dubs next season 😢" [X Link](https://x.com/jonbma/status/1970699271239540949) 2025-09-24T03:58Z 12.3K followers, [--] engagements "@artemis @Citi Full piece here: https://www.citigroup.com/rcs/citigpa/storage/public/GPS_Report_Stablecoins_2030.pdf https://www.citigroup.com/rcs/citigpa/storage/public/GPS_Report_Stablecoins_2030.pdf" [X Link](https://x.com/jonbma/status/1971785444716413354) 2025-09-27T03:54Z 12.4K followers, [---] engagements ".@Citi cited Artemis stablecoin data for their piece "Stablecoin 2030: Web3 to Wall Street" Great piece. Give it a read. Link below. Thank you for the citation @Citi - the future for stablecoins is bright https://t.co/4nubASRjMw Thank you for the citation @Citi - the future for stablecoins is bright https://t.co/4nubASRjMw" [X Link](https://x.com/jonbma/status/1971785709251141657) 2025-09-27T03:55Z 12.4K followers, [----] engagements "https://www.citigroup.com/rcs/citigpa/storage/public/GPS_Report_Stablecoins_2030.pdf https://www.citigroup.com/rcs/citigpa/storage/public/GPS_Report_Stablecoins_2030.pdf" [X Link](https://x.com/jonbma/status/1971785711843266887) 2025-09-27T03:55Z 12.4K followers, [---] engagements "How much of volumes on @Aster_DEX real and organic Aster DEX did $45B on 9/26 which is 5x what Hyperliquid Perp DEX did at $9B. Our data shows that most of the volume is $BTC $ETH and $ASTER Insane that Aster perp marketshare is now 70% of all perp volumes compared to @HyperliquidX (14%) and @Lighter_xyz (12%) Without @Aster_DEX it would be 48% Hyperliquid and 40% Lighter. Will be interesting to see how much volume persists on Aster after their upcoming airdrop" [X Link](https://x.com/jonbma/status/1972140957480223158) 2025-09-28T03:26Z 12.4K followers, [----] engagements "Does crypto increase the wealth gap Yes increases wealth gap No- decrease wealth gap Yes increases wealth gap No- decrease wealth gap" [X Link](https://x.com/jonbma/status/1972174649535652256) 2025-09-28T05:40Z 12.4K followers, [----] engagements "Who wants a financial model for Robinhood 🙋🏻 $HOOD" [X Link](https://x.com/jonbma/status/1973299594952884666) 2025-10-01T08:11Z 12.5K followers, [----] engagements "Track Solana REV by App see what the next onchain runner is here 👇 you can now compare @solana REV (real economic value) across top apps on @artemis over the last [--] months: @pumpdotfun @JupiterExchange and @AxiomExchange launchpads have surged in REV @RaydiumProtocol remains a major driver alongside them combined they account for 30% https://t.co/Z1xYsyfhiv you can now compare @solana REV (real economic value) across top apps on @artemis over the last [--] months: @pumpdotfun @JupiterExchange and @AxiomExchange launchpads have surged in REV @RaydiumProtocol remains a major driver alongside them" [X Link](https://x.com/jonbma/status/1973611169501036818) 2025-10-02T04:49Z 12.4K followers, [----] engagements "Crypto Equities outperformance b/c $HOOD $COIN HAVE stronger fundamentals than DeFi / chains. Coinbase did $1.5B of net income in and Robinhood did $1.2B of annualized net income in Q2. Chains / protocols don't come close to $1B of buybacks other than $HYPE at $1B. Also CeFi is crushing DeFi on fundamentals: - Coinbase = $80B of CEX daily volume per +73% YoY w/ 8.7m monthly transacting users. - Robinhood = $407B of CEX volume Aug '25 +64% YoY w/ 26.7m funded accounts. - Hyperliquid = $293B of spot + perp volume Sept '25 +713% YoY but only 50k DAU on HypeCore perp DAU. Memecoin DAT trading" [X Link](https://x.com/jonbma/status/1975397464669634860) 2025-10-07T03:07Z 12.5K followers, 31.2K engagements "🚨 Artemis is hiring our first Product Manager ($10K referral bonus if you know someone) If you love investing and want to build the Bloomberg for digital finance (crypto + tradfi) that every investor in the world uses this is for you. 💻 The role: - Spend 50%+ of your time with customers (Visa Circle Tether Franklin Templeton and 100k+ users) - Work directly with founders to shape product strategy - Own the roadmap for our Terminal Spreadsheet and Datashare products - Build the PM function from scratch at a Series A company with real traction 👩🏽🚀 You: - 3-5+ years PM experience ideally" [X Link](https://x.com/jonbma/status/1976273751743357419) 2025-10-09T13:09Z 12.5K followers, [---] engagements "🚨 Artemis is hiring our first Product Manager ($10K referral bonus if you know someone) If you love investing and want to build the Bloomberg for digital finance (crypto + tradfi) that every investor in the world uses this is for you. 💻 The role: - Spend 50%+ of your time with customers (Visa Circle Tether Franklin Templeton and 100k+ users) - Work directly with founders to shape product strategy - Own the roadmap for our Terminal Spreadsheet and Datashare products - Build the PM function from scratch at a Series A company with real traction 👩🏽🚀 You: - 3-5+ years PM experience ideally" [X Link](https://x.com/jonbma/status/1976274101145588178) 2025-10-09T13:10Z 12.5K followers, [----] engagements "Happy $300B+ of stablecoin supply. Next up: $1T by end of Q1'26. Total Stablecoin Supply just crossed $300B for the first time $0-100B: [---] years $100B-200B: [---] years $200B-300B: [--] months https://t.co/r7arfqAmU3 Total Stablecoin Supply just crossed $300B for the first time $0-100B: [---] years $100B-200B: [---] years $200B-300B: [--] months https://t.co/r7arfqAmU3" [X Link](https://x.com/jonbma/status/1976364337238610099) 2025-10-09T19:09Z 12.6K followers, 12.6K engagements "@x0wes @MorphoLabs @MerlinEgalite @Uniswap @x0wes regularly crushes goals at his weekly summer soccer games. The Lionel Messi of crypto" [X Link](https://x.com/jonbma/status/1976456169922425167) 2025-10-10T01:14Z 12.5K followers, [--] engagements "Congrats @Kalshi on becoming the largest prediction market in the world Kalshi Polymarket on Open Interest and Volume These are the KPIs that matter for prediction markets. Kalshi is at $50B of annualized volume up 5x in just [--] weeks. Kalshi recently raised $300M+ at $5B from Sequoia a16z Paradigm and others. Since then we've grown over 3x hit $50B of annualized volume and became the largest prediction market in the world. And todayKalshi goes global. 140+ countries. [--] liquidity pool. https://t.co/Z2myzRw9bA Kalshi recently raised $300M+ at $5B from Sequoia a16z Paradigm and others. Since" [X Link](https://x.com/jonbma/status/1976653150019833893) 2025-10-10T14:16Z 12.5K followers, 12.8K engagements "Reminders: [--]. Invest in assets that one is willing to buy and hold for 5+ years even if down 50%-90%. [--]. Invest in businesses one has independent conviction in that has great fundamentals and produces revenue and can produce cash. [--]. Invest in teams that align with values. If anon or inactive management team stay away. Ask ourselves would we work at the protocol or company were invested in. Keep it simple. Works in down or up markets. Chasing / trading all the time opens up large downside like yesterday. Buy and hold fundamentals long term" [X Link](https://x.com/jonbma/status/1977049562423439500) 2025-10-11T16:32Z 12.5K followers, [----] engagements "❄ Snowflake is the best SaaS IPO in 2020❄ [--] Growth rate at 121% YoY on $500m+ ARRR [--] Net Dollar Retention at 158% [--] Rule of [--] at 97% 👊 [--] month payback with high ACVS at $160k 📊 Thesis is all data will go to ☁ Source: @publiccomps https://www.publiccomps.com/tickersitems=top+10+SaaS%2CAPI+%28Agora%29%2CSNOW+%28Snowflake%29 https://www.publiccomps.com/tickersitems=top+10+SaaS%2CAPI+%28Agora%29%2CSNOW+%28Snowflake%29" [X Link](https://x.com/jonbma/status/1298024379339567105) 2020-08-24T22:28Z 13.6K followers, [---] engagements "🚨 Stablecoin Marketmap Alert 🚨 Team at @artemis__xyz is building the most comprehensive stablecoin marketmap. Would love your input if we're missing anything 👇" [X Link](https://x.com/jonbma/status/1835421402721305065) 2024-09-15T20:52Z 13.2K followers, 72.5K engagements "Geodnet $GEOD quietly grew ARR to $2M ARR up 4x in [----] Projects leveraging networks quietly beating web2 incumbents. Kudos @GEODNET_" [X Link](https://x.com/jonbma/status/1872859711311364296) 2024-12-28T04:18Z [----] followers, [----] engagements "Study Fundamentals ✍ Crypto + Fintech multiples and growth rates are converging. $COIN $HOOD $AERO $RAY $JUP" [X Link](https://x.com/jonbma/status/1890224261710897166) 2025-02-14T02:19Z [----] followers, [----] engagements "Berachain seeing large net outflows after incentives end. Ecosystems and DeFi protocols need stronger incentive mechanisms to get capital otherwise easy come easy go" [X Link](https://x.com/jonbma/status/1923800709046366666) 2025-05-17T18:00Z 13.3K followers, 78.2K engagements "Well said @TheOneandOmsy. You saw it live in your time in Afghanistan. Literally we've seen from calls with Artemis users in Africa Lebanon India Europe etc stablecoins /crypto is the only choice. We had users say they are ONLY in crypto because they don't trust their existing banking system. https://twitter.com/i/web/status/1931463831970267468 https://twitter.com/i/web/status/1931463831970267468" [X Link](https://x.com/jonbma/status/1931463831970267468) 2025-06-07T21:30Z 13.6K followers, [----] engagements "Hyperliquid Trading Volumes Robinhood Trading Volumes @HyperliquidX Spot and Perp Volumes flipped @RobinhoodApp trading volume $HOOD did $150B in June '25 down from $192B in May '25 $HYPE did $231B in June '25 down from $256B in May '25. Soon Robinhood vs Hyperliquid July '25 volumes 👀" [X Link](https://x.com/jonbma/status/1950626680944382435) 2025-07-30T18:36Z 13.3K followers, 107K engagements "Robinhood with a monstrous Q2'25. - Net Revenue: $989m +45% YoY (top tier growth) - Total Platform Assets: $279B +99% driven by higher equity / crypto and net assets added - ARPU: $151 +34% YoY - Gold Subscribers: 3.5m +76% YoY - Net Income: $386m +105% YoY - Net Income Margin: 39% Crypto revenue at $160M +98% YoY (16% of net revenue) and becoming a larger portion with Bitstamp acquisition. Multiples - $93B Marketcap - 23.7x revenue - 60.x net income Imagine if $HOOD capture both meme coin + retail stock volume + tokenized stock volume + equity trading volume. Congrats @RobinhoodApp" [X Link](https://x.com/jonbma/status/1950668295528386779) 2025-07-30T21:22Z 13.6K followers, 697.1K engagements "Updated: $HOOD vs $HYPE June '25 - Robinhood: $193B 26.5M funded accounts $93.6B MC - Hyperliquid: $231B 520k cumulative users $14.5B MC Hyperliquid Trading Volumes Robinhood Trading Volumes @HyperliquidX Spot and Perp Volumes flipped @RobinhoodApp trading volume $HOOD did $150B in June '25 down from $192B in May '25 $HYPE did $231B in June '25 down from $256B in May '25. Soon Robinhood vs Hyperliquid https://t.co/mYdkUI4RIu Hyperliquid Trading Volumes Robinhood Trading Volumes @HyperliquidX Spot and Perp Volumes flipped @RobinhoodApp trading volume $HOOD did $150B in June '25 down from $192B" [X Link](https://x.com/jonbma/status/1950705631939162225) 2025-07-30T23:50Z 13.3K followers, 30.8K engagements "Agora $AUSD is at $180M of supply up 4x YoY. Growing supply across different chains and applications. Congrats @Nick_van_Eck and @withAUSD team" [X Link](https://x.com/jonbma/status/1957940944566718576) 2025-08-19T23:01Z 13.6K followers, [----] engagements "Robinhood at $123/share $108B marketcap. Implies 27.5x P/S & 70.4x P/E on Q2'25 (April - June '25) numbers. Way above comps of 8x P/S for fintechs but not crazy on 60x P/E. Q3'25 Revenue numbers will likely be much better given DATs meme stocks equity momentum. RH July '25 Equity volumes was $209B up 100% YoY and 17% MoM. + Upside of all the product launches with a very product oriented founder @vladtenev with event contracts card tokenized stocks etc. $HOOD still a generational long term buy" [X Link](https://x.com/jonbma/status/1965791932791075051) 2025-09-10T14:58Z 13.2K followers, [---] engagements "Answer YOUR onchain questions with ART Chat 💬 Huge kudos to @crystaltaixyz @mycoolsong @kdhk_ @Horace_Liu_ @0xsunny77 and team. Let's freakin get it DM us if you want beta access. 📣 Introducing ART Chat 💬 Imagine asking one chat to handle all your onchain research Ask it to: Pull protocol comps in seconds (e.g. Hyperliquid) Generate custom charts instantly (BTC vs ETH price) Query all Artemis-supported metrics for any asset Find assets that https://t.co/vkTX5HVpYP 📣 Introducing ART Chat 💬 Imagine asking one chat to handle all your onchain research Ask it to: Pull protocol comps in" [X Link](https://x.com/jonbma/status/1965837557692022928) 2025-09-10T17:59Z 13.3K followers, [----] engagements "@mcagney @Figure @coingecko @DefiLlama @provenancefdn We would be happy to support and add @figure HELOC data onto @artemis. Will DM you" [X Link](https://x.com/jonbma/status/1966247647137898927) 2025-09-11T21:09Z 13.6K followers, [----] engagements "Crypto is cleary shifting to real use cases: [--]. Stablecoin payments [--]. Global Prediction Markets [--]. Tokenized Equities Excited as fundamentals ramp up as a core factor for tokens price more and more real businesses get built and rewarded in crypto. The next onchain runner will be in plain sight" [X Link](https://x.com/jonbma/status/1971786522505732135) 2025-09-27T03:58Z 13.3K followers, 23.4K engagements "Great time to buy coins with fundamentals" [X Link](https://x.com/jonbma/status/1976762371650863343) 2025-10-10T21:30Z 12.6K followers, 10.9K engagements "Dear Stocks investors You need crypto data to invest in stocks: - Cloudflare: NET Dollar supply / volume - Stripe: @Stablecoin payment volume - Visa: partner stablecoin volume e.g @raincards - Robinhood: revenue from @Kalshi prediction market - Coinbase: @base revenue ETH staked CEX volume The list of companies will keep growing. Crypto data will matter more and more as finance moves onchain" [X Link](https://x.com/jonbma/status/1977814203844190373) 2025-10-13T19:10Z 13.2K followers, 11.8K engagements "BitGo S-1 Mini Teardown: - Digital asset infrastructure company - $90B of assets +52% YoY - [----] customers +168% YoY - $4.1B "Revenue" H1'25 +272% YoY - $168M Gross Profit Run Rate H1'25 +54% YoY* - Highest Gross Margin Product: Subscription & Services Revenue. - Other revenue lines are all 0.19-11.5% Gross Margin" [X Link](https://x.com/jonbma/status/1977850093840879968) 2025-10-13T21:33Z 12.8K followers, [----] engagements "Wild Pump trades at 2.5x revenue and is still $490m $PUMP token buybacks. Peak multiple was 4.1x revenue. Key metrics are trending down but Pump is still a massive juggernaut in Solana. $1.16m in revenue today unstoppable train "dead" lmfao https://t.co/FjUQNdY87s $1.16m in revenue today unstoppable train "dead" lmfao https://t.co/FjUQNdY87s" [X Link](https://x.com/jonbma/status/1979176908181913846) 2025-10-17T13:25Z 13.2K followers, 17.2K engagements "Perp Wars 🔫: @Lighter_xyz looking great here and growing #3 Open Interest at $1.4B (12.5% marketshare up from 8% from [--] weeks ago) #3 Perp Volume at $7B daily (18% marketshare up from 9% from [--] weeks ago) After withdraws hit ATH at Oct 11th (due to temporary outage) deposits are now spiking at $70m/day. cc: @vnovakovski" [X Link](https://x.com/jonbma/status/1979177652264071199) 2025-10-17T13:28Z 12.6K followers, [----] engagements "Hey ART Chat what is Binance vs Coinbase volume Moreover I would urge Coinbase to list more @BNBChain projects. @Binance has listed several Base projects. Don't think Coinbase has listed a single @BNBChain project yet. And it's a more active chain. Not a trade. Just recommending given we are on the topic of being open Moreover I would urge Coinbase to list more @BNBChain projects. @Binance has listed several Base projects. Don't think Coinbase has listed a single @BNBChain project yet. And it's a more active chain. Not a trade. Just recommending given we are on the topic of being open" [X Link](https://x.com/jonbma/status/1979254400901353973) 2025-10-17T18:33Z 13.3K followers, [----] engagements "You need to be crazy and wildly competitive if you choose startups" [X Link](https://x.com/jonbma/status/1979966324005568833) 2025-10-19T17:42Z 12.8K followers, 12.6K engagements "TIL Polymarket is 80%+ of volume marketshare less sports 🏀 h/t: @primo_data @Polymarket" [X Link](https://x.com/jonbma/status/1980388197260751207) 2025-10-20T21:38Z 13.3K followers, 11.1K engagements "Reminder: @binance is the largest CEX in the world by A LOT Last [--] day volume was $743B more than ALL other CEXs combined cc: @cz_binance" [X Link](https://x.com/jonbma/status/1980626898331091020) 2025-10-21T13:27Z 13.1K followers, [----] engagements "Titan Exchange went from $0M to $1B+ weekly volume after launching in Q1'25. Insane how quickly S-tier teams can scale an onchain business in a short period of time. Congrats @Titan_Exchange @timahhl" [X Link](https://x.com/jonbma/status/1980719251737682095) 2025-10-21T19:34Z 13.2K followers, 25.7K engagements "#1 Bridge by users is @AcrossProtocol" [X Link](https://x.com/jonbma/status/1981081133841543510) 2025-10-22T19:32Z 13.2K followers, [----] engagements "@LayerZero_Core does $1M monthly fees as the leading interop protocol. That's $12m+ annualized fees and at $185M circ. marketcap implies 15x circ MC/fees. Core Drivers: - After acquiring @StargateFinance LayerZero now can monetize both swaps + bridge volume on Stargate - Recently partnered up with @tempo to help power interop which benefits as stablecoins proliferate - Top Bridges Debridge Stargate and USDT0 leverage @StargateFinance @LayerZero_Core" [X Link](https://x.com/jonbma/status/1981084907712762040) 2025-10-22T19:47Z 13.1K followers, [----] engagements "DFlow went from $0M to $2B+ weekly volume after launching in Q2'25. With 100k+ DAU Dflow is another example of how quickly the best teams can go from $0 - $1B in [--] year. Congrats @DFlowProtocol @niteshnath @danjablonski_" [X Link](https://x.com/jonbma/status/1981117049729339424) 2025-10-22T21:54Z 13.1K followers, 83.4K engagements "Metrics that matter for @MeteoraAG on TGE day [--]. Meteora daily volume: $633m +13% MoM 👉Most volume from Dynamic Liquidity Market Make [--]. Meteora daily fees: $4.5M +309% MoM 👉Most fees comes from LPs [--]. Meteora daily revenue: $579k +366% MoM 👉Annualized revenue is $170m+ Congrats $MET on TGE day at $556m FDV cc @0xevanarp" [X Link](https://x.com/jonbma/status/1981429603345584311) 2025-10-23T18:36Z 13.6K followers, 21.6K engagements "Paradex grew from $200M to $10B+ perp weekly volume in [--] year. That's 50x YoY growth and now #5 leading perp. Winning share with no fees no spread and privacy. Congrats @fiddybps1 for scaling @paradex so fast" [X Link](https://x.com/jonbma/status/1981475659273642193) 2025-10-23T21:39Z 13.1K followers, 18.5K engagements "@EvanDeKim @Snowflake What a Chad" [X Link](https://x.com/jonbma/status/1981530572578009415) 2025-10-24T01:17Z 12.8K followers, [--] engagements "Meteora $MET is a top [--] token by annualized revenue at $120M/year Congrats @0xSoju @0xevanarp and @MeteoraAG team" [X Link](https://x.com/jonbma/status/1981547054208835897) 2025-10-24T02:23Z 13.3K followers, 35.3K engagements "Stablecoin Payments are now $118B run rate +137% YoY Brought you by the GOATs of stablecoins @artemis Get the full download 👇 INTRODUCING: Part [--] of our Stablecoin Payments Report Co-written with @CastleIslandVC and @dragonfly_xyz with data now through August [----]. Stablecoin payments hit $10.2B monthly up 70% since February and 137% since Aug '24 now at a $122B annual rate. Heres how the market https://t.co/6iB2plCd2P INTRODUCING: Part [--] of our Stablecoin Payments Report Co-written with @CastleIslandVC and @dragonfly_xyz with data now through August [----]. Stablecoin payments hit $10.2B" [X Link](https://x.com/jonbma/status/1981725847133233494) 2025-10-24T14:13Z 13.6K followers, 12.4K engagements "Prediction: Top Tokens w/ +$20m revenue will outperform Crypto Equities in [----] - 2030" [X Link](https://x.com/jonbma/status/1981816134094467255) 2025-10-24T20:12Z 13.3K followers, [----] engagements "Helium Fundamentals and Valuation Multiples.make sense compared to Web2 Comps At $20M+ run rate revenue $HNT trades for 15x MC and 17.9x FDMC. The multiples for @helium trade in a reasonable multiple band compared to web2 comps -- high growth SaaS trades at 14x. Helium one can also model out easier than DeFi as number of sub + ARPU can model out in a 3-5 year time frame. DePin / Protocol Revenue comps will Web2 Tech Revenue multiples overtime as tokens become equity. The best tokens with the best fundamentals will outperform equity peer group. 🚨 New on Artemis: $HNT Buybacks Dashboard Track" [X Link](https://x.com/jonbma/status/1983188313436508489) 2025-10-28T15:05Z 13.2K followers, 13.4K engagements "http://x.com/i/article/1983252062692380672 http://x.com/i/article/1983252062692380672" [X Link](https://x.com/jonbma/status/1983253125986222508) 2025-10-28T19:22Z 13.1K followers, 30K engagements "@pythianism 💯 @pythianism -- and we need for all the major protocols and for capital allocators to agree to only invest if there are clear disclosures and financials" [X Link](https://x.com/jonbma/status/1983253335630135670) 2025-10-28T19:23Z 12.9K followers, [--] engagements "@blknoiz06 Here's your portfolio track for crypto / tokens. We know you @blknoiz06 😜 Happy to personally onboard you: https://docs.google.com/spreadsheets/d/1yBCYfaXNzScBzLV-E6SRqlpRL0161n8GZZPG86ruisw/editgid=0#gid=0 https://docs.google.com/spreadsheets/d/1yBCYfaXNzScBzLV-E6SRqlpRL0161n8GZZPG86ruisw/editgid=0#gid=0" [X Link](https://x.com/jonbma/status/1983263647762694207) 2025-10-28T20:04Z 13.2K followers, [----] engagements "Hey EV3 Sal big fan of your work. I was thinking since Helium adds mobile subs on the demand side on recurring plans and the subs burn data credit business model felt akin to consumer SaaS or a price per usage (API biz almost like Twilio). So high growth software business that have a mixture of recurring software or usage based pricing felt like the best set of comps. Curious your take" [X Link](https://x.com/jonbma/status/1983343914443817122) 2025-10-29T01:23Z 13.2K followers, [---] engagements "OpenAI will be the #1 fastest growing public SaaS co $13B ARR + 137% YoY $1B of enterprise value 76.9x EV/ARR (Palantir trades at 110.6x 🤷) 84% rule of [--] revenue growth + LTM FCF (#3) -50% net income margins (estimate -$5B of burn in '25) Congrats @sama and @OpenAI $OPENAI JUST IN: OpenAI prepares for IPO at $1 trillion valuation Reuters reports. JUST IN: OpenAI prepares for IPO at $1 trillion valuation Reuters reports" [X Link](https://x.com/jonbma/status/1983686953942827021) 2025-10-30T00:06Z 13.2K followers, 10.6K engagements "@apoo @sama @OpenAI @publiccomps or http://publiccomps.com http://publiccomps.com" [X Link](https://x.com/jonbma/status/1983709637502435380) 2025-10-30T01:36Z 12.9K followers, [---] engagements "@StevenXi07 @sama @OpenAI Sorry typo wasnt used to putting $1T. The value is correct" [X Link](https://x.com/jonbma/status/1983959010731790838) 2025-10-30T18:07Z 13.1K followers, [--] engagements "Tron is primarily a stablecoin chain. Majority of (labeled) onchain activity are: [--]. Peer to Peer Transfers using USDT [--]. Stablecoin. This is very different from other chains like @base @solana @BNBCHAIN where application activity is a lot more wide ranging. $TRX" [X Link](https://x.com/jonbma/status/1983973583115448689) 2025-10-30T19:05Z 13.1K followers, [----] engagements Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
@jonbma Jon Ma
Jon Ma posts on X about $hood, crypto, fintech, stablecoins the most. They currently have [------] followers and [---] posts still getting attention that total [------] engagements in the last [--] hours.
Engagements: [------] #
Mentions: [--] #
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Social Influence
Social category influence finance stocks cryptocurrencies technology brands exchanges #1305 countries vc firms currencies social networks celebrities
Social topic influence $hood #225, crypto #5560, fintech #564, stablecoins #152, coinbase #192, solana #5221, hyperliquid #154, onchain, usdc #1305, finance
Top assets mentioned Robinhood Markets, Inc. (HOOD) Coinbase Global Inc. (COIN) Solana (SOL) USDC (USDC) Hyperliquid (HYPE) Celo (CELO) Circle Internet Group, Inc. (CRCL) Mario Coin (COIN) Cloudflare, Inc. (NET) Zoom Video Communications Inc (ZM) Ethereum (ETH) Bitcoin (BTC) Twilio, Inc. (TWLO) BlackRock Inc (BLK) Alphabet Inc Class A (GOOGL) Hinge Health, Inc. (HNGE) Metronome (MET) Crowdstrike Holdings Inc (CRWD) Zscaler Inc (ZS) Salesforce Inc (CRM) Snowflake Inc. (SNOW) Drift Protocol (DRIFT) Arbitrum (ARB) Optimism (OP)
Top Social Posts
Top posts by engagements in the last [--] hours
"Why it's important to look at LTM revenue and not just Revenue Run Rate even for software companies (especially for license + maintenance): Splunk $SPLK's revenue went down due to the seasonal nature of sales -Q4 [----] revenue $622m -Q1 [----] revenue $425m @chriszeoli"
X Link 2019-06-04T05:17Z [----] followers, [--] engagements
"@pmmathieson Jon Rosenbaum and the @insightpartners team are awesome. Congrats"
X Link 2019-06-10T23:50Z [----] followers, [--] engagements
"We decided to make our public comps free dashboard available without having to sign up Check it out: . Interesting to track $CRWD in which is now trading at 18x Forward ARR but $OKTA and $ZS are trading at 19-20x despite growing at half the growth rate https://www.publiccomps.com/tickers https://www.publiccomps.com/tickers"
X Link 2019-06-13T14:22Z [----] followers, [--] engagements
"Just published "Datadog S-1 Teardown" We go through the product offering competitors and use to benchmark Datadog's key SaaS metrics Check it out https://link.medium.com/J8dXTuAGqZ http://Publiccomps.com/ticker https://link.medium.com/J8dXTuAGqZ http://Publiccomps.com/ticker"
X Link 2019-08-25T02:37Z [----] followers, [--] engagements
"Public SaaS stock prices went 👇 last [--] days 🎢 🤯Zoom was at 27x EV/NTM ARR and now at 19x 🤦♀ Crowdstrike was at 24x EV/NTM ARR and now at 15x 😢 Zscaler was at 21x EV/NTM ARR and now 11x Track Public SaaS Valuations here at 👈 http://publiccomps.com http://publiccomps.com"
X Link 2019-10-03T20:26Z [----] followers, [--] engagements
"$TWLO is the 4th fastest growing SaaS 🔥 📈 $1.2b Run Rate Revenue with 75% YoY growth 🤷♂Stock price is down 50% last [--] months and down 8% after beating growth expectations 👇 🔨132% Net Dollar Retention 🤨Lowest SaaS valn at 6x EV/NTM ARR http://Publiccomps.com http://Publiccomps.com"
X Link 2019-10-31T01:58Z [----] followers, [--] engagements
"Just set up my Databricks on AWS to run some analysis on the top [--] fastest growing SaaS companies. Was cool that you can convert pyspark dataframe to pandas pretty easily using Apache Spark The docs were pretty easy to understand. Though the notebook is different from jupyter"
X Link 2020-02-01T17:34Z [----] followers, [--] engagements
"Looked up Salesforce S-1 market size b/c of @chetanp interview 😄 "The market for on-demand application services is projected to grow from $425 million in [----] to $2.6 billion in 2007" 👉 Today $CRM is $16b of ARR 😮 SaaS is bigger than expected"
X Link 2020-02-02T15:26Z [----] followers, [---] engagements
"💬 Twilio $TWLO is down 26% in the last month📉 But business has strong SaaS metrics ✅$1.1b rev FY'19 📈Growing 65% YoY (35% organic + 30% Sendgrid) ✅-6% FCF % ✅124% Q4'19 NDR ✅$1.8b of cash EV/NTM Rev of 7.5x today $11.2b EV https://www.publiccomps.com/tickersitems=top+10+SaaS https://www.publiccomps.com/tickersitems=top+10+SaaS"
X Link 2020-03-10T03:15Z [----] followers, [--] engagements
"$ZM is now trading at 55x ARR with $40b EV. Servicenow is $45b of enterprise value and has $3.8b ARR. $NOW is 5x the ARR scale more profitable yet same EV as $ZM 🙃 https://www.publiccomps.com/tickersitems=top+10+SaaS%2CTEAM+%28Atlassian+Corporation%29%2CNOW+%28ServiceNow%29%2CADBE+%28Adobe%29 https://www.publiccomps.com/tickersitems=top+10+SaaS%2CTEAM+%28Atlassian+Corporation%29%2CNOW+%28ServiceNow%29%2CADBE+%28Adobe%29"
X Link 2020-03-23T16:19Z [----] followers, [---] engagements
"A few recent high growth SaaS IPOs still trading near or less than IPO price $ZM being the obvious exception 😂 https://www.publiccomps.com/tickersitems=top+10+SaaS%2CBILL+%28Bill.com%29 https://www.publiccomps.com/tickersitems=top+10+SaaS%2CBILL+%28Bill.com%29"
X Link 2020-03-25T16:34Z [----] followers, [--] engagements
"Zoom is incredible. Its the fastest growing SaaS Company [--] quarters after hitting $100m ARR ever. Added $88m Net New in Q4'19 and now $752m ARR growing 78% For Q1'20 with COVID-19 If it adds $100m+ in the next few quarters $ZM will be $1b ARR in 2-3 quarters. Wow"
X Link 2020-03-25T16:42Z [----] followers, [--] engagements
"Returns since Feb 18th [----] -31% BTC -24% S&P500 -16% Top [--] SaaS +45% Zoom $ZM () 🤣"
X Link 2020-03-27T19:29Z [----] followers, [--] engagements
"💸High growth SaaS companies cash positions💸 💬Twilio $TWLO has the most net cash (total cash - total debt) 💻Alteryx $AYX only has $88m after accounting for senior convertible notes (though they aren't due for many years) https://www.publiccomps.com/tickersitems=top+10+SaaS https://www.publiccomps.com/tickersitems=top+10+SaaS"
X Link 2020-03-28T01:08Z [----] followers, [--] engagements
"💪SaaS companies that were hit least hard by COVID-19 WFH SaaS products that can be bought self-service like $ZM $WORK $ADBE $DOCU $TEAM Most of them are also pretty profitable except Docusign. https://www.publiccomps.com/tickersitems=ZM+%28Zoom+Video%29%2CTEAM+%28Atlassian+Corporation%29%2CDOCU+%28DocuSign%29%2CADBE+%28Adobe%29 https://www.publiccomps.com/tickersitems=ZM+%28Zoom+Video%29%2CTEAM+%28Atlassian+Corporation%29%2CDOCU+%28DocuSign%29%2CADBE+%28Adobe%29"
X Link 2020-03-29T02:49Z [----] followers, [--] engagements
"🔥Take: Winners Curse exists more so in PE than in VC In PE the seller (PE fund or mgmt team) optimizes mostly for selling at the highest price. In VC founders care more about the right partner speed clean terms brand -- doesn't have to be the highest bid"
X Link 2020-04-27T17:07Z [----] followers, [--] engagements
"❄ $SNOW is the fastest growing Public SaaS company since hitting $100m ARR 🔥 [--] quarter since $100m ARR $SNOW ($532m ARRR 121% YoY) is growing even faster than: - $CRWD ($365m 115%) - $ZM ($432m 108%) - $CRM ($331m 104%) - $MDB ($226m 89%) 👀 https://www.publiccomps.com/companies/SNOW https://www.publiccomps.com/companies/SNOW"
X Link 2020-08-27T18:44Z [----] followers, [---] engagements
"❄ Snowflake is such an outlier❄ According to @publiccomps Snowflake's - Rule of [--] = 93% (Revenue Growth % + LTM FCF %) - EV/Run Rate Revenue = 136.1x 👉 Yet $SNOW trades WAY above the expected EV/ARRR 👀 https://www.publiccomps.com/tickersitems=High+Growth+SaaS https://www.publiccomps.com/tickersitems=High+Growth+SaaS"
X Link 2020-09-16T19:18Z [----] followers, [--] engagements
"☁Takeaways from $FSLY earnings💰 [--] Revenue growth % deceled from 62% YoY to 42% [--] Driven by shift in traffic from Bytedance which is 10% of FSLY rev [--] Cool new customers adds in e-comm media and high tech driven by COVID. Data from @publiccomps ☁ $FSLY dropped their new earnings how does it compare to other CDN providers like $NET & $AKAM 📈 Growing Revenue 42% at 282M Run Rate 📏 59% Gross Margins vs $NET at 76% ✖ EV / NTM Rev at 21x vs $NET at 36x 💸 Free Cash Flow at -21% vs $AKAM at 22% via @publiccomps https://t.co/noKgoMEyTG ☁ $FSLY dropped their new earnings how does it compare to"
X Link 2020-10-28T22:58Z [----] followers, [--] engagements
"Talked to the manager of this LA dumpling restaurant. He said because of $DASH theyre doing MORE in revenue during COVID because no longer limited by seats. 👉 Crazy how Doordash and food delivery enables some restaurants to thrive during the pandemic 🙌🏼"
X Link 2020-11-23T04:47Z [----] followers, [---] engagements
"Hims & Hers 👨⚕👩⚕ 👨⚕Started in [----] target hair loss & sexual wellness 👉Expanded to anxiety/depression skin primary care 💰 $144m rev run rate 80% YoY growth 🔥 -83% net income % '19 proj. -15% in [----] 💪 Going public via SPAC w/ target of $1.6b https://res.cloudinary.com/forhims/image/upload/v1601546466/documents/investors/HH-Investor_Presentation.pdf https://res.cloudinary.com/forhims/image/upload/v1601546466/documents/investors/HH-Investor_Presentation.pdf"
X Link 2020-11-29T06:18Z [----] followers, [--] engagements
"Why do a SPAC for $Hims 💰 Hims management will get $10m "transaction bonus" 💸 And another $25m to Oaktree financial advisors lawyers. 👌 Nice business model 👉 Oh and take advantage of higher public revenue multiples (21.7x for peer vs HIMS 8.9x for EV/2021E Revenue)"
X Link 2020-11-29T07:50Z [----] followers, [--] engagements
"Pretty interesting that Meituan saw domestic hotel nights increase 3.7%+ y/y in Sept '20 But during the same period Airbnb saw nights and experienced booked drop -28% y/y Different countries similar business different results"
X Link 2020-12-15T00:46Z [----] followers, [--] engagements
"From @kevinakwok Speiser's Playbook a benefit is raising capital. Interesting to note the role that Altimeter plays partnering with Sutterhill incubated companies: - Snowflake (Altimeter - Series C) - Transposit (Altimeter - Series B) - Sigma Computing (Altimeter - Series B)"
X Link 2021-01-24T21:30Z [----] followers, [--] engagements
"Databricks is 🚀 At $425m ARR growing 75% with $28b valuation - Databricks trades for 64x ARR (not quite the 100x+ ARR Snowflake trades at) - 6th fastest-growing SaaS company 👉 https://www.forbes.com/sites/alexkonrad/2021/02/01/databricks-at-28-billion-valuation-from-aws-google-microsoft-salesforce/sh=5e0974b71425 https://publiccomps.com/tickersitems=High+Growth+SaaS%2CDatabricks https://www.forbes.com/sites/alexkonrad/2021/02/01/databricks-at-28-billion-valuation-from-aws-google-microsoft-salesforce/sh=5e0974b71425 https://publiccomps.com/tickersitems=High+Growth+SaaS%2CDatabricks"
X Link 2021-02-01T19:17Z [----] followers, [---] engagements
"Databricks 🧱 investing more heavily into R&D vs S&M compared to Snowflake ❄ 🧱Databricks - Of 2K employees 42% engineering and 19% sales ❄Snowflake - Of 3K employees 23% engineering and 38% sales 👉Lead to more product velocity for Databricks over time"
X Link 2021-04-19T22:53Z [----] followers, [--] engagements
"Monday $MNDY 📝 is public and worth $7.8B 🚀 [--] #4 fastest growth at $235m RRR +85% y/y [--] Trades at 33x EV/RR [--] Lowest NDR among top [--] SaaS at 107% - but 121% for teams 10+ (like Zoom) [--] -9% FCF margin Money 💸 [--] 87% gross margin https://www.publiccomps.com/tickersitems=top+10+SaaS https://www.publiccomps.com/tickersitems=top+10+SaaS"
X Link 2021-06-11T05:35Z [----] followers, [--] engagements
"Also @insightpartners owns 42.7% 👀👏"
X Link 2021-06-11T05:35Z [----] followers, [--] engagements
"Inflation officially peaked [--] Inflation keeps rolling on Truflation to 9.41% y/y -- down from 10.27% [--] month ago [--] Kalshi prediction markets have inflation at 7.09% in Nov '22 -- down from 8.27% from a few months ago [--] Invesco commodity index fund consistently $26"
X Link 2022-08-15T15:50Z [----] followers, [--] engagements
"Big fan of @adcv_ work on shaping the financial standard for @MakerDAO. All protocols could benefit from this level of thoughtfulness. So cool to get a live P&L of MakerDAO in real-time from their Dune dash Check it out https://dune.com/SebVentures/maker---accounting_1 https://dune.com/SebVentures/maker---accounting_1"
X Link 2022-09-19T17:23Z [----] followers, [--] engagements
"Twilio $TWLO at $3.8b run rate is growing 40% y/y with -7% LTM FCF. Twilio trades for - 2.8x EV/ARRR (run rate rev) - 5.2x EV/NTM Gross Profit. Put that into comparison Twilio traded for 30x EV/ARR in Feb '21. Wow"
X Link 2022-10-06T06:11Z [----] followers, [--] engagements
"@iankar_ Dont really get the trade tbh for the wizards 🤷🏻"
X Link 2023-06-18T21:20Z [----] followers, [---] engagements
"I'm helping test @friendtech the marketplace for your friends on Base 🐰 Get the app and search for my Twitter username to be an early holder of my keys 🤗"
X Link 2023-10-03T21:29Z [----] followers, [---] engagements
"@jenny_colgate @OpenAI Congrats Jenny 🤩"
X Link 2023-12-18T00:05Z [----] followers, [---] engagements
"@jenny_colgate @OpenAI Punny as always Jenny 😝💸 And yes we must"
X Link 2023-12-18T05:47Z [----] followers, [--] engagements
"@NadimHossain @databricks Thank you for sharing this list. A lot of insights from a generational company in Databricks. Congrats and good luck on the next chapter Nadim"
X Link 2024-02-09T02:18Z [----] followers, [---] engagements
"Investing is mindfulness. Investing is really just an exercise around seeing the present clearly which requires: - A beginner's mind: instead of holding a lot of priors on what is AI or $NVDA in Nov [--] (oh AI is just another fad this too shall pass) when ChatGPT was skyrocketing being open to learning as if one is a beginner again and re-underwriting one's research on NVDA AI etc would've served one well earlier on (stock was just $168 when ChatGPT launched) - Low attachment: not falling in love with a stock / asset/ etc -- I completely missed the boat on $SOL because of all the narrative /"
X Link 2024-02-18T18:51Z [----] followers, [----] engagements
"Excited to see the intersection of comparing digital assets and tech assets overtime Cant think about @akashnet_ without thinking about @nvidia Cant think about stablecoins without thinking about Mastercard Visa Stripe. Crypto and tech assets will converge overtime"
X Link 2024-02-27T22:44Z [----] followers, [----] engagements
"Kind of nuts that the top tokens on Uniswap on Base are meme coins Meme coin season across all chains"
X Link 2024-03-29T02:30Z [----] followers, [----] engagements
"The lines will blur between digital assets and equities. All that will matter to investors will be fundamentals + value accrual to token or equity holders. One won't be able to evaluate DEXs like @Uniswap @UNI without looking at CEXs @coinbase or trad equity exchanges like NASDAQ NYSE etc. Assets moving on-chain will only accelerate the convergence of equities / digital assets"
X Link 2024-04-12T15:18Z [----] followers, [---] engagements
"The risk / reward is better today for crypto w/ fundamentals than high growth SaaS. Coming from a former SaaS investor of [--] years who built a SaaS company for SaaS investing 🥲"
X Link 2024-04-27T00:55Z [----] followers, [----] engagements
"@HappyBuddha99 Especially pudgy penguins 🤣"
X Link 2024-04-27T14:09Z [----] followers, [--] engagements
"Fundamentals will matter in crypto. As crypto grows as an asset class ($2.5T today - $10T overtime) institutions will be the predominat flow into assets. Institutions will look for fundamentals factors and apply frameworks that made sense in traditional assets Narratives and sentiment will always play a value in crypto-- fundamentals are simply a subset of narratives. But cold / hard facts and fundamentals will ultimately drive crypto in the long run and that's why @artemis__xyz needs to exist. Our mission is to help shape crypto into a more fundamentals asset class in the long run"
X Link 2024-04-27T14:44Z [----] followers, 11.2K engagements
"So youre bullish on stablecoins If so you are long term bullish on networks like @solana @ethereum @trondao @Celo @SuiNetwork @base @NEARProtocol @SeiNetwork @Optimism @arbitrum @StellarOrg @ton_blockchain You cant have stablecoins without decentralized networks as the backbone"
X Link 2024-05-17T02:48Z [----] followers, [---] engagements
"Tech IPOs will inevitably come back. Not if but a matter of when. Liquidity will flow back to the funds and we can see uptick in activity - Stripe - Databricks - Circle - SpaceX - Canva - Figma - Anthropic Software IPOs by Year 😲 via @avenirgrowth https://t.co/j1UAeWomCQ Software IPOs by Year 😲 via @avenirgrowth https://t.co/j1UAeWomCQ"
X Link 2024-07-16T13:49Z [----] followers, [----] engagements
"We need S-1 Teardowns of Protocols A clear and simple explanation of: - What does the protocol do - The founding story - Customer quotes (crypto version of @TegusHQ ) - Market Opportunity - Key Fundamentals - Business Model - Value Accrual for Token Holders - Competitive Differentiation - Token Unlock Schedule Thoughts"
X Link 2024-07-30T14:17Z [----] followers, [----] engagements
"@davijlu @DriftProtocol @solana Bullish on @DriftProtocol and the whole team You all are cranking as the financial infra layer. Loved watching you all ship so much even during the bear market"
X Link 2024-08-21T14:32Z [----] followers, [--] engagements
"@liamihorne @peterschroederr @arbitrum @Optimism @base @artemis__xyz Looking"
X Link 2024-08-27T19:01Z [----] followers, [--] engagements
"@liamihorne @peterschroederr @arbitrum @Optimism @base @artemis__xyz Updated thanks to @crystaltaixyz on our team"
X Link 2024-08-28T15:28Z [----] followers, [--] engagements
"TIL @MSCI_Inc $2.7B revenue growing 13% CAGR That's the revenue size of @FactSet CapIQ. Didn't realize how profitable and large selling to indices to index funds / ETFs are 👀"
X Link 2024-09-03T20:42Z 11.1K followers, [---] engagements
"@DNathel @Haraka_xyz @Celo @MentoLabs We appreciate you so much Daniel 🙏🏼"
X Link 2024-09-11T19:12Z [----] followers, [---] engagements
"@sodofi_ @Haraka_xyz @Celo @MentoLabs Let's make it happen @sodofi_"
X Link 2024-09-11T23:10Z [----] followers, [---] engagements
"TIL: Tether did $4.5B of profits in Q1'24 while Blackrock did $1.5b of net income in Q1'24. Tether's Q1'24 profit was 3x the net income of Blackrock in Q1'24. Tether has [---] employees so $300m profit per employee. Blackrock has [-----] employees so $75k net income per employee. Insane"
X Link 2024-09-11T23:47Z [----] followers, [----] engagements
"@Bfaviero @Haraka_xyz @Celo @MentoLabs @felspeed Unfortunately back in nyc love to link up next time @felspeed"
X Link 2024-09-12T12:20Z [----] followers, [---] engagements
"@CryptoOnChrome @Haraka_xyz @Celo @MentoLabs Agreed Mike"
X Link 2024-09-13T02:12Z [----] followers, [--] engagements
"@mattmaximo1 @Haraka_xyz @Celo @MentoLabs I appreciate you Matt"
X Link 2024-09-13T02:13Z [----] followers, [--] engagements
"🚨 Updated Stablecoin Marketmap🚨 We added more projects per the community's feedback and a new section for B2B Payments. Anything else we're missing or would like to add 👇 Projects we added @iron_xyz @loopcrypto_xyz @brale_xyz @LiftDollar_USDL @etherfuse @Ripple @Raincards @monerium @beam_cash @reserveprotocol @noble_xyz @PeanutProtocol + Many Others 🚨 Stablecoin Marketmap Alert 🚨 Team at @artemis__xyz is building the most comprehensive stablecoin marketmap. Would love your input if we're missing anything 👇 https://t.co/pbWadqO5zV 🚨 Stablecoin Marketmap Alert 🚨 Team at @artemis__xyz is"
X Link 2024-09-17T08:08Z 10.7K followers, 21K engagements
"@reserveprotocol @iron_xyz @loopcrypto_xyz @brale_xyz @LiftDollar_USDL @etherfuse @Ripple Awesome adding :)"
X Link 2024-09-17T14:53Z [----] followers, [----] engagements
"@jnwng @Shopify @solana @helio_pay LFG"
X Link 2024-09-20T08:20Z [----] followers, [---] engagements
"Who is Satoshi Nakamoto We'll probably never know but here's a simple prompt to ChatGPT asking which authors write similarly to Satoshi. We include an email from Satoshi to Mike Hearn on April 12th [----]. The answer [--]. Satoshi Nakamoto [--]. Hal Finney [--]. Nick Szabo [--]. Wei Dai [--]. Andreas M. Antonopoulos Hope that helps @Polymarket"
X Link 2024-10-08T17:18Z [----] followers, [----] engagements
"Traditional Finance and Blockchain Finance are converging. The largest players in traditional finance are moving into blockchain-enabled finance. The largest asset managers Blackrock and Fidelity launched BTC and ETH ETFs this year with $80b+ of marketcap. The largest fintechs in the world are launching stablecoins like Robinhood Revolut Mercado Libre. The largest payment networks like Visa are launching tokenized asset platforms to enable banks like BBVA to issue stablecoins. We call this convergence Digital Finance. Artemis sits at the center of this convergence as a neutral data platform."
X Link 2024-10-08T19:55Z [----] followers, [----] engagements
"Larry Fink at Blackrock was asked about digital assets at @BlackRock last earnings call. Woah. His response on why analytics enable digital assets We believe Bitcoin is an asset class in itself it is an alternative to other commodities like gold. And so I think the application of this form of investment will be expanded. Two the role of Ethereum as a blockchain can grow dramatically. So if we can create more acceptability more transparency more analytics related to these assets then it will be expanded. And I truly dont believe its a function of regulation -- of more regulation less"
X Link 2024-10-18T00:06Z 12.4K followers, [----] engagements
"@_jnic @BlackRock Thank you Jeremy All the credit goes to the team. We appreciate you"
X Link 2024-10-18T03:29Z 12.4K followers, [--] engagements
"@peabeev @peterschroederr @BlackRock Of course @peabeev. You can find it here https://www.bamsec.com/transcripts/92f712e5-8eb0-416a-824c-76dba62fef26 https://www.bamsec.com/transcripts/92f712e5-8eb0-416a-824c-76dba62fef26"
X Link 2024-10-18T03:30Z 12.4K followers, [--] engagements
"@KevLeht @BlackRock Well said @KevLeht I agree"
X Link 2024-10-18T03:30Z 12.4K followers, [--] engagements
"@algerstmehn @JaxNole_algo @artemis__xyz @RWA_xyz @adamlawrencium @CharlieYouAI @ElBarto_Crypto @AlgoFoundation @marcvl @AlgoFamily @usdc_cool Chatting with the Algorand team too"
X Link 2024-10-19T14:43Z 12.4K followers, [----] engagements
"Does anyone know what was Stripe's TPV and net revenue in [----] and projected [----] Trying to build a model given the Bridge acquisition"
X Link 2024-10-26T13:41Z 12.4K followers, [----] engagements
"Fintechs are slowing and need growth from stablecoins Paypal Stripe and fintechs are running out of growth in traditional digital payments. Moving their focus to REAL stablecoin payments which has an even bigger TAM that's growing faster is the best way to re-accelerate growth: Look at Paypal. TPV is 11% YoY and Venmo grows 8% YoY. That's just not enough growth to justify high multiples moving forward when stablecoins are growing 100% YoY on real transfer volume"
X Link 2024-10-26T14:39Z 12.4K followers, 11.5K engagements
"Let's go @Nick_van_Eck Wait until we add Sui and Mantle data for $AUSD on Artemis. $AUSD is doing more daily volume than $PYUSD with a 2x. $AUSD volume was up 5x MoM. $PYUSD was live on mainnet before Agora was even founded. Think $AUSD will top $PYUSD volume by end of year I think so. $AUSD is doing more daily volume than $PYUSD with a 2x. $AUSD volume was up 5x MoM. $PYUSD was live on mainnet before Agora was even founded. Think $AUSD will top $PYUSD volume by end of year I think so"
X Link 2024-11-04T21:51Z [----] followers, [----] engagements
"The best founder who is obsessed with customers: @Bouazizalex Mad respect and now I understand why @deel is a complete 🚀"
X Link 2024-11-08T04:51Z [----] followers, [----] engagements
"Wow Palantir is quite expensive -- up 270% YTD but 50x+ EV/ARR"
X Link 2024-11-18T23:28Z [----] followers, [----] engagements
"🚨 Stablecoin Marketmap - November 2024🚨 Stablecoin startups continue to grow quickly after the Stripe acquisition of Bridge. Notable Startups: [--] @ConduitPay: cross-border payment platform [--] @liquifi_finance: stablecoin payroll and partnership with @deel [--] @mural_pay: global payments platform seeing strong demand in Argentina [--] @Bitso: launch of MXNB stablecoin linked to Mexican peso [--] Codex: enabling a universal cash system cofounded by @momoeureka @haonan Any others"
X Link 2024-11-27T19:29Z [----] followers, [----] engagements
"✨ NEW stablecoin marketmap - December [----] ✨ Find the next big stablecoin startup 👇"
X Link 2024-12-06T00:24Z [----] followers, 29.4K engagements
"@Wyatt_Lonergan @vaneck_us Happy to"
X Link 2024-12-06T02:07Z [----] followers, [---] engagements
"@doganeth_en @getclave @parabolfi ❤"
X Link 2024-12-06T18:28Z [----] followers, [---] engagements
"Reminder: Be ok with rejection. Out of college I was an analyst at @insightpartners where our job was to cold email / cold call entrepreneurs. I remember sending out 100s of customized cold emails every week and sweating and feeling nervous before all the cold calls but overtime being very ok with the constant rejection / "we're heads down" / or ghosted emails. As I get older I realize there's a tendency to play it safe -- not to face the embarrassment of a cold outreach or selling a candidate / customer / partner. Perhaps its ego comfort wanting to distance oneself from the pain of"
X Link 2024-12-07T18:00Z [----] followers, 17.1K engagements
"@Yueqi_Yang @nmasc_ More up to date stablecoin market map @Yueqi_Yang https://www.stablecoinsmap.com/ https://www.stablecoinsmap.com/"
X Link 2024-12-12T04:01Z [----] followers, [--] engagements
"@crystaltaixyz @NEARProtocol @base @artemis 😍"
X Link 2024-12-13T21:39Z [----] followers, [--] engagements
"☠ HO HO HO 🎅 lets spread some holiday glow 🎄 reply with your Wrapped Artemis persona dont delay and well pick [--] winners to brighten their day [---] USDC is yours to win so find your persona and jump right in find your persona here 👉 https://t.co/69TDxGPW6R https://t.co/KlgrNzBKUN HO HO HO 🎅 lets spread some holiday glow 🎄 reply with your Wrapped Artemis persona dont delay and well pick [--] winners to brighten their day [---] USDC is yours to win so find your persona and jump right in find your persona here 👉 https://t.co/69TDxGPW6R https://t.co/KlgrNzBKUN"
X Link 2024-12-21T01:31Z [----] followers, [----] engagements
"🎅 Confession: Im a normie. I first came across Bitcoin in [----] in a computer science course. Our assignment was to cluster BTC wallets. My mom was going through chemotherapy so I didnt care much and quickly submitted the assignment chalking up this Bitcoin thing as some internet fad. I got back into crypto again in [----] when I bought BTC Litecoin and other altcoins at the top. A cold outreach and convo with @ErikVoorhees from Shapeshift blew my mind that there could be a separation of government and money. Back then I was firmly in the camp that BTC was the killer use case as digital gold"
X Link 2024-12-25T04:34Z [----] followers, 13.4K engagements
"Live stablecoin market map here: https://www.stablecoinsmap.com/ https://www.stablecoinsmap.com/"
X Link 2024-12-26T15:42Z [----] followers, [----] engagements
"Cheers to $200B of stablecoin supply 🥳"
X Link 2024-12-28T04:04Z [----] followers, 58K engagements
"So many real on-chain businesses hiding in plainsight 16+ protocols with $100m+ annualized fees More to come in 2025"
X Link 2025-01-05T23:17Z [----] followers, [----] engagements
"Congrats @DriftProtocol @cindyleowtt @davijlu 🥳 Love Drift's mission to build a wealth creation machine for everyone to have the tools to grow wealth in crypto. 🚨JUST IN: @DriftProtocol reaches $1.03B in TVL a new all-time high for the protocol. https://t.co/jbHCzsiaIv 🚨JUST IN: @DriftProtocol reaches $1.03B in TVL a new all-time high for the protocol. https://t.co/jbHCzsiaIv"
X Link 2025-01-06T15:53Z [----] followers, [---] engagements
"@0xnirmal @andylouisqin One might say Nirmal is the LeBron James of data. One day Chakra enjoyers will spend time meditating on Nirmal Krishnan day"
X Link 2025-01-15T02:17Z [----] followers, [---] engagements
"Insane @realDonaldTrump owns 80% of $TRUMP. Currently $8.6B FDV. Thats $6.8B. owned by one man. Jesus Christ"
X Link 2025-01-18T05:06Z [----] followers, [----] engagements
"@packyM Wow 😳. Insane"
X Link 2025-01-19T19:03Z [----] followers, [---] engagements
"Can someone share a DCF of $TRUMP"
X Link 2025-01-19T23:14Z [----] followers, [---] engagements
"Fundamentals matter in crypto. Despite the market drawdown of 20% in most assets $GEOD is down -0.28% in the last [--] hours. $3m ARR up 4x YoY and just raised $8m from @multicoincap Real fundamentals means there's a floor price. Study @GEODNET_"
X Link 2025-03-04T04:54Z [----] followers, [---] engagements
"When Global Venmo for Crypto cc @anthonyyim"
X Link 2025-03-04T18:07Z [----] followers, [----] engagements
"Metric that matters in crypto: Revenue Projects trading for or 1x revenue. - Jito - Pancake Swap - Maker Generational buys as the market is bottoming"
X Link 2025-03-12T21:45Z [----] followers, [----] engagements
"Invest in DeFi or Fintech Equities Discuss"
X Link 2025-03-29T18:42Z [----] followers, [----] engagements
"Here's the sources too: Note that @HyperliquidX partial month for April"
X Link 2025-04-10T00:12Z [----] followers, [----] engagements
"@aboutgolgainz @defi_monk @RobinhoodApp @HyperliquidX $HOOD has like 25m funded customers $HYPE 25k unique traders -- HYPE is more geared towards professional traders"
X Link 2025-04-10T00:16Z [----] followers, [----] engagements
"@degenerateLuka @RobinhoodApp @HyperliquidX MM trading on HYPE might lead to higher volumes"
X Link 2025-04-10T00:19Z [----] followers, [----] engagements
"Artemis ❤ @Dorm_DAO Lovely chatting about why revenues matter in crypto today with the DormDAO squad 😎 Thank you for having us @ZackBlatt"
X Link 2025-04-24T19:37Z [----] followers, [----] engagements
"Stablecoins are real and here. @chamath cites Artemis stablecoin data on his Primer on Stablecoins I've always been a fan of the All-In Pod and Social Capital so was so excited to see Artemis dashboard comparing stablecoin transfers vs ACH and Visa in the wild. Huge shout out to the Artemis stablecoin team @anthonyyim @crystaltaixyz @0xpastaman @irwynliong @ElBarto_Crypto who made the dashboard happen Deep Dive: A Primer on Stablecoins Last year Visa announced the launch of the Visa Tokenized Asset Platform a new infrastructure designed to help banks issue and manage stablecoins and tokenized"
X Link 2025-04-30T04:16Z [----] followers, [----] engagements
"Quality onchain businesses have higher multiples .@HyperliquidX marketshare went from 15% to 80% of trading volume for Perps in [--] year. Hyperliquid continues to dominate in marketshare and unique traders (22k) which begets more liquidity and traders. Not surprisingly $HYPE trades for a higher multiple at 17x versus mean comp of 12.8x. Dominant businesses will fetch higher multiples in DeFi just like in fintech"
X Link 2025-05-10T17:03Z 11.2K followers, 19K engagements
"@Altcoinist_com @ribbita2012 🤔"
X Link 2025-05-13T01:51Z 12.5K followers, [---] engagements
"10 Takeaways from Chime S-1 💵 [--] Valuation: $11.4B Marketcap (from secondary markets) 2Strong Groth: $2B Net Revenue run rate+32% YoY 3Valuation Multiple: 6.6x Marketcap / Gross Profit ($NU is 12x $XYZ is 4x Dave is 7.3x)at $11.4B 4Description: Fintech NOT bank that serves Americans $100k income / year 5Top Line: $138B total purchase volume run rate +21% YoY implies 1.4% take rate Note: Net Revenue = interchange from purchase volume 6Users: 8.6m Active Members +22% YoY ($HOOD has 25.8m funded accounts + 8% YoY; Dave has 2.5% +13%)-- there's 196m American adults that live paycheck-to-paycheck"
X Link 2025-05-14T18:04Z [----] followers, 26.5K engagements
"Congrats @yoniassia and @eToro - At $67 eToro trades at $5.6b - $824m adj. net revenue (removing crypto COGS) - Revenue +42% YoY (#3 in fintech comps) - 6.9x gross profit (median is 7.3x) - 28.2x net income (median is 32.x) - 37% of revenue from crypto Crypto 🤝 Equities. eToro opens for trading $ETOR First trade price $69.69 What an amazing [--] year journey Thank you all eTorians and all amazing customers of @eToro eToro opens for trading $ETOR First trade price $69.69 What an amazing [--] year journey Thank you all eTorians and all amazing customers of @eToro"
X Link 2025-05-15T01:12Z [----] followers, [---] engagements
"The eToro Founder Letter is ❤ Make Investing Accessible to Everyone. "eToro was born in [----] out of a simple yet powerful idea: to make investing accessible to everyone regardless of their background or financial experience. At the time investing was largely the domain of traditional financial institutions catering to seasoned investors with significant capital. Retail investors faced daunting barriers: complex platforms high fees and a lack of educational resources. The goal was to change that by using technology to level the playing field and create a platform that could empower anyone to"
X Link 2025-05-15T03:49Z [----] followers, [----] engagements
"Here are the stablecoin products that have Yield Fed Funds Rate [--]. AUSD insurance vault on Drift-Solana: 21% [--]. Dolomite USDe on Berachain: 20.3% [--]. USDC-EURC on Orca-Solana: 19.1% Question will ultimately what is risk adjusted yield See yields here: https://app.artemis.xyz/stablecoinstab=yield https://app.artemis.xyz/stablecoinstab=yield"
X Link 2025-05-17T16:15Z [----] followers, [----] engagements
"Circle CCTP does $40-50B annualized volume but Circle makes $0 revenue. Circle CCTP is the largest cross chain bridge at almost 50% bridge volume. CCTP allows end-users to safely and cost-efficiently transfer USDC from one supported blockchain to another"
X Link 2025-05-18T14:00Z [----] followers, [----] engagements
"Biggest winner of stablecoins: [--]. Tron: #1 blockchain for USDT; 30% of stablecoin marketcap [--]. Tether: USDT is 63% of stablecoin marketcap [--]. Binance: 40M+ active Binance Pay users; BNB is 28% of all stablecoin active addresses"
X Link 2025-05-19T22:23Z [----] followers, [----] engagements
"Thank you Luca The control piece I don't think I fully appreciated -- Circle in the hands of another exchange or Ripple could break the distribution agreement they set in place. "In addition what is the impact of macroprudential regulation under GENIUS on capital structure and return on book Probably bad." -- what's getting you to say this I would've thought GENIUS would lead to more consolidation and Circle benefiting from having clear reserve backing. The cost cutting is an interesting angle -- I'd imagine that would be Coinbase's play given Circle is 1000+ employees and Tether is [---] but"
X Link 2025-05-20T22:48Z 10.4K followers, [---] engagements
"' the bull case for ' $6B 👇 TL;DR Upside case for Circle is $30B in 3-5 years from growing total stablecoin supply to $1T growing marketshare to 29% of stablecoin supply distribution costs flatten. $CRCL could generate $1B of Net Income and at 30x PE $30B. Background Circle is the #2 stablecoin issuer in the world with USDC which sits at $62B up 90% YoY. At $26 the high range of the IPO price Circle is valued at $6.3B fully diluted market cap or $5.3B enterprise value. Most of the commentary on Circle has been around slowing [----] revenue growth decreasing gross profit from increasing"
X Link 2025-05-28T23:28Z [----] followers, 136.3K engagements
"@prince_lantern @vipgoy @ARKInvest I think its totally possible -- stablecoin supply could grow to a couple trillion as banks launch their own stablecoins. USDC i'd imagine as a public / well regulated issuer would benefit. Upside case could be a lot higher"
X Link 2025-05-29T15:55Z [----] followers, [--] engagements
"Circle's 58% YoY growth rate at IPO makes $CRCL the fastest growing fintech in the public markets. Yes growing even faster than $HOOD at 50% YoY"
X Link 2025-06-03T20:49Z 10.3K followers, 93.2K engagements
"Circle at $52/share $12.6B enterprise value That's nearly 2.5x what they were originally going to price. On Q1'25 number implies 13.7x EV/Gross Profit 25.9x P/E. Median Fintech Comps trade for 31.4x PE Here's a Circle Financial model to help you navigate $CRCL as a public company 👇 Here are some updates to our model - 2025: assume 25% marketshare for USDC 65% YoY growth - Our base case IRR went from 24% to 4.7% IRR - Our upside case IRR went from 47% IRR to 23.7% IRR. Definitely a big IPO for Circle. Congrats"
X Link 2025-06-05T15:49Z 10.4K followers, 45.4K engagements
"Wow. Circle at $84/share implies: - $22B company (Robinhood is $64B) - 87x net income (#2 right behind Chime) - 24.5x gross profit (#2 right behind $Hood) 40% gross margin (lowest besides Square) - 58% YoY growth (#1 in fintech comp) Insane demand by retail / institutions for pure play exposure to stablecoin growth. Congrats @jerallaire and @circle Circle at $52/share $12.6B enterprise value That's nearly 2.5x what they were originally going to price. On Q1'25 number implies 13.7x EV/Gross Profit 25.9x P/E. Median Fintech Comps trade for 31.4x PE Here's a Circle Financial model to help you"
X Link 2025-06-05T22:59Z 10.4K followers, 45K engagements
"Circle at $115/share $30.5B marketcap 😳 That's half the market cap of $COIN $64B and $HOOD $66B. At this point $CRCL may be the one buying Coinbase 🤣 Key Valuation Updates: - 32.6x Gross Profit (#1 multiple AHEAD of Robinhood median is 8.8x) - 116x Earnings (#2 behind Chime Median Comp Set is 49.1x) - 59.x adj. EBITDA (Q1'25 annualized) - Don't look at revenue multiples for fintechs -- it's not the right KPI. Key Metric Reminders: $60B USDC supply growing 91% YoY (USDT is $112B growing 40% YoY) - $2.3B annualized revenue +58% YoY (#1 growth rate among fintechs) - $923M annualized gross"
X Link 2025-06-06T16:39Z 11.9K followers, 14.8K engagements
"@LucaProsperi @m0foundation @usualmoney @noble_xyz Congrats Luca and team"
X Link 2025-06-06T17:03Z 10.4K followers, [---] engagements
"If @Tether_to went public TODAY Tether would be the 19th largest company in the world at $515B. That's ahead of Costco and Coca Cola. Here's why: - Circle is now public at $30B marketcap - Our financial model has Circle at $410B EBITDA in [----] or 69.3x EBITDA - Tether claims $13B of net profits in [----]. $7B came from Treasuries and Repos -- the other $5B came from unrealized gains from Bitcoin and gold holdings which we don't include in EBITDA. - We assume Tether grows USDT supply by adding another $50-$60B of USDT and avg USDT supply in [----] is $170B with avg Fed Funds Rate of 4.2% implies"
X Link 2025-06-06T19:36Z 11.5K followers, 252.1K engagements
"Who are the best fintech investors in the world"
X Link 2025-06-16T14:31Z 12.3K followers, [----] engagements
"Imagine if Stripe went public what valuation it would fetch"
X Link 2025-06-20T18:53Z 11.1K followers, [----] engagements
"Circle keeps getting crazier now $65B. In comparison - Robinhood $69B $1.3B of net income 51.5x NI - Coinbase is $78B $2B of net income 37.3x NI - Circle is $65B $259M of net income 216x NI Circle now trades for: - 24.2x Q1'25 revenue run rate - 60.7x Q1'25 gross profit run rate - 216x Q1'25 net income run rate. Investors clearly want stablecoin bets. Circle is currently valued at $55B enterprise value. That implies on [----] numbers: - 58.1x Gross Profit. - 125.2x EBITDA - 163.7x Net Income I added Circle Payment Network as a revenue line item - $570b+ B2B Payment Volume in [----] - 20% of"
X Link 2025-06-20T23:18Z 11.6K followers, 402.2K engagements
"Oops now $76B. The flippening of $COIN likely happening sooner than later. Wow"
X Link 2025-06-23T15:24Z 11.1K followers, [----] engagements
"@CompoCapital What would this imply in your opinion @CompoCapital"
X Link 2025-06-23T15:25Z 11.1K followers, [---] engagements
"Sheesh. Circle MC Coinbase MC on a fully diluted basis. Who is going to buy who 🤣 On a fully diluted basis at this morning's high Circle market cap flipped Coinbase the Company who gets 50% of their gross revenue. https://t.co/uXyIXEynqd On a fully diluted basis at this morning's high Circle market cap flipped Coinbase the Company who gets 50% of their gross revenue. https://t.co/uXyIXEynqd"
X Link 2025-06-23T18:02Z 11.1K followers, [----] engagements
"Congrats @codex_pbc and @circle Codex is the native chain for stablecoins with USDC on day [--] Native USDC is now live on Codex 📰 More info: https://t.co/cdmoBg1ac1 🌎 Web: https://t.co/uRM3zdkovQ ⚒ Docs: https://t.co/QZiXjum1Wg https://t.co/HRPKrOmKR8 Native USDC is now live on Codex 📰 More info: https://t.co/cdmoBg1ac1 🌎 Web: https://t.co/uRM3zdkovQ ⚒ Docs: https://t.co/QZiXjum1Wg https://t.co/HRPKrOmKR8"
X Link 2025-06-24T19:29Z 11.1K followers, [----] engagements
"Anyone use @HingeHealth Love to chat with you as a member. Preparing a bull case on why $HNGE is one of the best apps to benefit from AI in an unsexy industry"
X Link 2025-07-05T05:47Z 11.7K followers, [----] engagements
"Fintech Multiples growing as well. $HOOD now trades at 26.1x annualized revenue and 72x earnings at $96B marketcap $COIN now trades at 13.1x annualized revenue and 50.7x earnings at $106B marketcap. $CRCL now trades at 24.6x annualized revenue and 219x earnings at $56B marketcap Growing demand for high quality SaaS / AI / Fintech + Macro Set Up = we are going back to all time highs in multiples. This bodes well for DeFi like $HYPE that $936M annualized revenue and 15.8x MC/Revenue. Public multiples blowing out as markets go full risk on. NTM revenue multiples doubled from 10.3x a year ago to"
X Link 2025-07-19T15:46Z 11.4K followers, 37.1K engagements
"Circle $CRCL is now a $56B company. Circle trades at 24.5x rev 61.4x GP 219x earnings. You can make money on Circle if you believe [--]. With the passage of the GENIUS bill stablecoins can reach at least $3T in [----]. [--]. Circle takes up 29% of total supply and doesn't lose significant share to other issuers and banks. [--]. Circle pays no more than 70% of revenue as distribution costs. [--]. Fed Funds rate are no lower than 2.8% (Market consensus for July [----] rates is 3.24% [--]. Circle only grows headcount by 70%. That implies in [----] Cirlce does $20B of revenue $6.2B of gross profit $4B net income."
X Link 2025-07-20T22:42Z 12.4K followers, 36.9K engagements
"Coinbase Q2'25 Earnings was predictable. And our fundamental analyst @kevinlhr88 nailed it. Estimate: $1.495 billion (-$2m) Street: $1.594 billion (+97m) Actual: $1.497 billion The headline was $COIN did $1.497B in Q2'25 revenue -26% QoQ and underdelivered relative to street consensus of $1.594B. Stock is down 8% after hours. Wall Street needs to wake up that onchain / offchain data is like credit card panel data for consumer businesses. Coinbase Circle and soon Robinhood earnings can be accurately predicted and the earnings announcements shouldn't be a surprise on revenue beats or"
X Link 2025-08-01T03:10Z 12.3K followers, 24.6K engagements
"Hyperliquid hit $1.1B annualized revenue growing 40% MoM in July '25 We define revenue as fees that goes to the Assistance Funds used for buybacks + gas fees paid on HypeEVM. As crypto markets and $HYPE price contracts Hyperliquid revenue multiple is now 11.2x MC/revenue the lowest since March / April '25 when the low was 7.2x Comparatively - Best in class fintech trade for 7.2x growing 32% YoY - $COIN trades at 13.4x revenue / 11.6x GP - $HOOD trades at 22.3x revenue / 23.4x GP - $CRCL trades at 18.4x revenue / 42.6x GP"
X Link 2025-08-03T22:54Z 11.7K followers, 86.2K engagements
"1/ Its probably some metric in between FDC and MC. We've been playing around with issued supply. 2/ Agreed on top of market -- volumes and price can certainly drop but I'd argue if you zoom out like for Robinhood the volumes do cycle. Robinhood Coinbase Exchanges Hyperliquid DEXs will naturally cycle up and down its a matter what the APEX looks like for each cycle and I think if tokenized stocks pre-IPO shares foreign currencies stablecoins and other assets keep moving onchain the peaks will be even higher"
X Link 2025-08-04T14:39Z 11.6K followers, [----] engagements
"Its contrarian to be a fundamental investor in 2025"
X Link 2025-08-06T20:57Z 11.7K followers, [----] engagements
"Do you want to be a part of the most legendary stablecoin data squad of all time If you want to shape the future of crypto and stablecoins this role is for you. We are hiring a Stablecoin Data Engineer to help @ElBarto_Crypto @0xpastaman @anthonyyim build world class stablecoin datasets to help usher in the next trillion of stablecoin supply. Please DM or comment below if you are interested"
X Link 2025-08-19T16:36Z 11.8K followers, [----] engagements
"Get the most accurate / up to date / painfully curated DAT metrics here :) : https://docs.google.com/spreadsheets/d/1rzkLcGx7cSuelHrQZzec-UaeDm2Z1mYK7fFCZwVNR50/editgid=0#gid=0 https://docs.google.com/spreadsheets/d/1rzkLcGx7cSuelHrQZzec-UaeDm2Z1mYK7fFCZwVNR50/editgid=0#gid=0"
X Link 2025-08-19T17:43Z 12.6K followers, [---] engagements
"Figma is $1B ARR growing 45%+ w/ 40% FCF margin. Well positioned for AI to help product builders. Trading at 38x ARR with today's drawdown -- is still meaningfully above the 15-25x ARR high quality SaaS trades at. But its starting to look. not crazy Curious how Q2'25 earnings go. $FIG"
X Link 2025-08-19T17:53Z 11.8K followers, [----] engagements
"Coming soon. ETH DAT Comps. The most accurate DAT dashboard in crypto starting with ETH. h/t @kevinlhr88"
X Link 2025-08-20T01:01Z 12.2K followers, [----] engagements
"This is why I think its wrong to think about crypto or non crypto. Think of as digital finance: apps that straddle stocks tokens DATs tokenized stocks private companies. There will be multiple winners and rn seems like $HOOD $HYPE the underlying assets like $ETH $BTC We will see multiple onchain and traditional fintech winners. Super excited for this new era for finance. On the surface Q2 crypto was rough for COIN & HOOD: - COIN Q2 retail crypto volumes: -45% q/q - HOOD Q2 crypto volumes: -39% q/q But the real Q2 story was retail volumes had actually moved over to DAT land. Which contributed"
X Link 2025-08-20T02:40Z 11.8K followers, [----] engagements
"@muhraf Love to chat"
X Link 2025-08-23T19:55Z 12.2K followers, [----] engagements
"@JacobKinge 😜 http://stablecoin.fyi http://stablecoin.fyi"
X Link 2025-08-23T22:56Z 12.2K followers, [----] engagements
"@wardy_ben Theres a lot in tech or crypto. Few that come to mind in crypto - @maplefinance - @HyperliquidX - @DriftProtocol - @JupiterExchange - @pendle_fi - @ethena_labs Can do an entire thread on public tech companies"
X Link 2025-08-23T23:00Z 12.2K followers, [--] engagements
"Pumped to see Artemis cited by @DigitalAssets in the piece "Blockchains as emerging economies". Check out how the FDAM team views valuing blockchains: https://institutional.fidelity.com/app/proxy/contentliteratureURL=/9919383.PDF https://institutional.fidelity.com/app/proxy/contentliteratureURL=/9919383.PDF https://institutional.fidelity.com/app/proxy/contentliteratureURL=/9919383.PDF https://institutional.fidelity.com/app/proxy/contentliteratureURL=/9919383.PDF"
X Link 2025-08-25T21:01Z 12.2K followers, [---] engagements
"The best and most accurate DAT dashboard 👇 🚨 New launch: Digital Asset Treasuries (DATs) Track how public companies like MSTR MTPLF BMNR SBET DFDV UPXI all manage their BTC ETH and SOL At a glance see: - Net Asset Value (mNAV) by BTC ETH SOL - % of total token supply held in DATs - Trading volume & historical https://t.co/ROKvwKiIqX 🚨 New launch: Digital Asset Treasuries (DATs) Track how public companies like MSTR MTPLF BMNR SBET DFDV UPXI all manage their BTC ETH and SOL At a glance see: - Net Asset Value (mNAV) by BTC ETH SOL - % of total token supply held in DATs - Trading volume &"
X Link 2025-08-29T23:57Z 12.3K followers, [----] engagements
"Wild that @SharpLinkGaming trades 1x mNAV. Average mNAV is 1.38x. Bullish for $SBET Kudos @kevinlhr88 for the DAT comp table"
X Link 2025-09-09T15:44Z 12.3K followers, [----] engagements
"I thought that's why more fintech / stablecoin oriented banks like Column (@williamhockey @0xjpb1) could win here post GENIUS due to exactly the single point of failure and reliance on Lead. Isn't the steady state more sponsor banks which would mitigate the single point of failure risk"
X Link 2025-09-10T15:38Z 12.3K followers, [---] engagements
"@theo_zananiri @artemis @ethena_labs @0xbeamish Truly never does"
X Link 2025-09-12T00:42Z 12.3K followers, [--] engagements
"@dylangbane @artemis @MKhurshed08 @MessariCrypto @MKhurshed08 first piece will be on Taylor/Travis creator stablecoin 😛😜. Jk"
X Link 2025-09-12T18:53Z 12.3K followers, [--] engagements
"Announcing Deep Dives at @artemis. Get the deep metrics that matter for: @Polymarket @Kalshi @ethena_labs @maplefinance @pendle_fi @AerodromeFi And more. Huge kudos to @crystaltaixyz @0xbeamish @0xslayerrrr @x0wes @kaviishsethi @kdhk_ @0xsunny77 etc for making this happen"
X Link 2025-09-16T16:28Z 12.3K followers, [----] engagements
"@nickfarrow76 @dadiomov Im not looking forward to LBJ playing for the dubs next season 😢"
X Link 2025-09-24T03:58Z 12.3K followers, [--] engagements
"@artemis @Citi Full piece here: https://www.citigroup.com/rcs/citigpa/storage/public/GPS_Report_Stablecoins_2030.pdf https://www.citigroup.com/rcs/citigpa/storage/public/GPS_Report_Stablecoins_2030.pdf"
X Link 2025-09-27T03:54Z 12.4K followers, [---] engagements
".@Citi cited Artemis stablecoin data for their piece "Stablecoin 2030: Web3 to Wall Street" Great piece. Give it a read. Link below. Thank you for the citation @Citi - the future for stablecoins is bright https://t.co/4nubASRjMw Thank you for the citation @Citi - the future for stablecoins is bright https://t.co/4nubASRjMw"
X Link 2025-09-27T03:55Z 12.4K followers, [----] engagements
"https://www.citigroup.com/rcs/citigpa/storage/public/GPS_Report_Stablecoins_2030.pdf https://www.citigroup.com/rcs/citigpa/storage/public/GPS_Report_Stablecoins_2030.pdf"
X Link 2025-09-27T03:55Z 12.4K followers, [---] engagements
"How much of volumes on @Aster_DEX real and organic Aster DEX did $45B on 9/26 which is 5x what Hyperliquid Perp DEX did at $9B. Our data shows that most of the volume is $BTC $ETH and $ASTER Insane that Aster perp marketshare is now 70% of all perp volumes compared to @HyperliquidX (14%) and @Lighter_xyz (12%) Without @Aster_DEX it would be 48% Hyperliquid and 40% Lighter. Will be interesting to see how much volume persists on Aster after their upcoming airdrop"
X Link 2025-09-28T03:26Z 12.4K followers, [----] engagements
"Does crypto increase the wealth gap Yes increases wealth gap No- decrease wealth gap Yes increases wealth gap No- decrease wealth gap"
X Link 2025-09-28T05:40Z 12.4K followers, [----] engagements
"Who wants a financial model for Robinhood 🙋🏻 $HOOD"
X Link 2025-10-01T08:11Z 12.5K followers, [----] engagements
"Track Solana REV by App see what the next onchain runner is here 👇 you can now compare @solana REV (real economic value) across top apps on @artemis over the last [--] months: @pumpdotfun @JupiterExchange and @AxiomExchange launchpads have surged in REV @RaydiumProtocol remains a major driver alongside them combined they account for 30% https://t.co/Z1xYsyfhiv you can now compare @solana REV (real economic value) across top apps on @artemis over the last [--] months: @pumpdotfun @JupiterExchange and @AxiomExchange launchpads have surged in REV @RaydiumProtocol remains a major driver alongside them"
X Link 2025-10-02T04:49Z 12.4K followers, [----] engagements
"Crypto Equities outperformance b/c $HOOD $COIN HAVE stronger fundamentals than DeFi / chains. Coinbase did $1.5B of net income in and Robinhood did $1.2B of annualized net income in Q2. Chains / protocols don't come close to $1B of buybacks other than $HYPE at $1B. Also CeFi is crushing DeFi on fundamentals: - Coinbase = $80B of CEX daily volume per +73% YoY w/ 8.7m monthly transacting users. - Robinhood = $407B of CEX volume Aug '25 +64% YoY w/ 26.7m funded accounts. - Hyperliquid = $293B of spot + perp volume Sept '25 +713% YoY but only 50k DAU on HypeCore perp DAU. Memecoin DAT trading"
X Link 2025-10-07T03:07Z 12.5K followers, 31.2K engagements
"🚨 Artemis is hiring our first Product Manager ($10K referral bonus if you know someone) If you love investing and want to build the Bloomberg for digital finance (crypto + tradfi) that every investor in the world uses this is for you. 💻 The role: - Spend 50%+ of your time with customers (Visa Circle Tether Franklin Templeton and 100k+ users) - Work directly with founders to shape product strategy - Own the roadmap for our Terminal Spreadsheet and Datashare products - Build the PM function from scratch at a Series A company with real traction 👩🏽🚀 You: - 3-5+ years PM experience ideally"
X Link 2025-10-09T13:09Z 12.5K followers, [---] engagements
"🚨 Artemis is hiring our first Product Manager ($10K referral bonus if you know someone) If you love investing and want to build the Bloomberg for digital finance (crypto + tradfi) that every investor in the world uses this is for you. 💻 The role: - Spend 50%+ of your time with customers (Visa Circle Tether Franklin Templeton and 100k+ users) - Work directly with founders to shape product strategy - Own the roadmap for our Terminal Spreadsheet and Datashare products - Build the PM function from scratch at a Series A company with real traction 👩🏽🚀 You: - 3-5+ years PM experience ideally"
X Link 2025-10-09T13:10Z 12.5K followers, [----] engagements
"Happy $300B+ of stablecoin supply. Next up: $1T by end of Q1'26. Total Stablecoin Supply just crossed $300B for the first time $0-100B: [---] years $100B-200B: [---] years $200B-300B: [--] months https://t.co/r7arfqAmU3 Total Stablecoin Supply just crossed $300B for the first time $0-100B: [---] years $100B-200B: [---] years $200B-300B: [--] months https://t.co/r7arfqAmU3"
X Link 2025-10-09T19:09Z 12.6K followers, 12.6K engagements
"@x0wes @MorphoLabs @MerlinEgalite @Uniswap @x0wes regularly crushes goals at his weekly summer soccer games. The Lionel Messi of crypto"
X Link 2025-10-10T01:14Z 12.5K followers, [--] engagements
"Congrats @Kalshi on becoming the largest prediction market in the world Kalshi Polymarket on Open Interest and Volume These are the KPIs that matter for prediction markets. Kalshi is at $50B of annualized volume up 5x in just [--] weeks. Kalshi recently raised $300M+ at $5B from Sequoia a16z Paradigm and others. Since then we've grown over 3x hit $50B of annualized volume and became the largest prediction market in the world. And todayKalshi goes global. 140+ countries. [--] liquidity pool. https://t.co/Z2myzRw9bA Kalshi recently raised $300M+ at $5B from Sequoia a16z Paradigm and others. Since"
X Link 2025-10-10T14:16Z 12.5K followers, 12.8K engagements
"Reminders: [--]. Invest in assets that one is willing to buy and hold for 5+ years even if down 50%-90%. [--]. Invest in businesses one has independent conviction in that has great fundamentals and produces revenue and can produce cash. [--]. Invest in teams that align with values. If anon or inactive management team stay away. Ask ourselves would we work at the protocol or company were invested in. Keep it simple. Works in down or up markets. Chasing / trading all the time opens up large downside like yesterday. Buy and hold fundamentals long term"
X Link 2025-10-11T16:32Z 12.5K followers, [----] engagements
"❄ Snowflake is the best SaaS IPO in 2020❄ [--] Growth rate at 121% YoY on $500m+ ARRR [--] Net Dollar Retention at 158% [--] Rule of [--] at 97% 👊 [--] month payback with high ACVS at $160k 📊 Thesis is all data will go to ☁ Source: @publiccomps https://www.publiccomps.com/tickersitems=top+10+SaaS%2CAPI+%28Agora%29%2CSNOW+%28Snowflake%29 https://www.publiccomps.com/tickersitems=top+10+SaaS%2CAPI+%28Agora%29%2CSNOW+%28Snowflake%29"
X Link 2020-08-24T22:28Z 13.6K followers, [---] engagements
"🚨 Stablecoin Marketmap Alert 🚨 Team at @artemis__xyz is building the most comprehensive stablecoin marketmap. Would love your input if we're missing anything 👇"
X Link 2024-09-15T20:52Z 13.2K followers, 72.5K engagements
"Geodnet $GEOD quietly grew ARR to $2M ARR up 4x in [----] Projects leveraging networks quietly beating web2 incumbents. Kudos @GEODNET_"
X Link 2024-12-28T04:18Z [----] followers, [----] engagements
"Study Fundamentals ✍ Crypto + Fintech multiples and growth rates are converging. $COIN $HOOD $AERO $RAY $JUP"
X Link 2025-02-14T02:19Z [----] followers, [----] engagements
"Berachain seeing large net outflows after incentives end. Ecosystems and DeFi protocols need stronger incentive mechanisms to get capital otherwise easy come easy go"
X Link 2025-05-17T18:00Z 13.3K followers, 78.2K engagements
"Well said @TheOneandOmsy. You saw it live in your time in Afghanistan. Literally we've seen from calls with Artemis users in Africa Lebanon India Europe etc stablecoins /crypto is the only choice. We had users say they are ONLY in crypto because they don't trust their existing banking system. https://twitter.com/i/web/status/1931463831970267468 https://twitter.com/i/web/status/1931463831970267468"
X Link 2025-06-07T21:30Z 13.6K followers, [----] engagements
"Hyperliquid Trading Volumes Robinhood Trading Volumes @HyperliquidX Spot and Perp Volumes flipped @RobinhoodApp trading volume $HOOD did $150B in June '25 down from $192B in May '25 $HYPE did $231B in June '25 down from $256B in May '25. Soon Robinhood vs Hyperliquid July '25 volumes 👀"
X Link 2025-07-30T18:36Z 13.3K followers, 107K engagements
"Robinhood with a monstrous Q2'25. - Net Revenue: $989m +45% YoY (top tier growth) - Total Platform Assets: $279B +99% driven by higher equity / crypto and net assets added - ARPU: $151 +34% YoY - Gold Subscribers: 3.5m +76% YoY - Net Income: $386m +105% YoY - Net Income Margin: 39% Crypto revenue at $160M +98% YoY (16% of net revenue) and becoming a larger portion with Bitstamp acquisition. Multiples - $93B Marketcap - 23.7x revenue - 60.x net income Imagine if $HOOD capture both meme coin + retail stock volume + tokenized stock volume + equity trading volume. Congrats @RobinhoodApp"
X Link 2025-07-30T21:22Z 13.6K followers, 697.1K engagements
"Updated: $HOOD vs $HYPE June '25 - Robinhood: $193B 26.5M funded accounts $93.6B MC - Hyperliquid: $231B 520k cumulative users $14.5B MC Hyperliquid Trading Volumes Robinhood Trading Volumes @HyperliquidX Spot and Perp Volumes flipped @RobinhoodApp trading volume $HOOD did $150B in June '25 down from $192B in May '25 $HYPE did $231B in June '25 down from $256B in May '25. Soon Robinhood vs Hyperliquid https://t.co/mYdkUI4RIu Hyperliquid Trading Volumes Robinhood Trading Volumes @HyperliquidX Spot and Perp Volumes flipped @RobinhoodApp trading volume $HOOD did $150B in June '25 down from $192B"
X Link 2025-07-30T23:50Z 13.3K followers, 30.8K engagements
"Agora $AUSD is at $180M of supply up 4x YoY. Growing supply across different chains and applications. Congrats @Nick_van_Eck and @withAUSD team"
X Link 2025-08-19T23:01Z 13.6K followers, [----] engagements
"Robinhood at $123/share $108B marketcap. Implies 27.5x P/S & 70.4x P/E on Q2'25 (April - June '25) numbers. Way above comps of 8x P/S for fintechs but not crazy on 60x P/E. Q3'25 Revenue numbers will likely be much better given DATs meme stocks equity momentum. RH July '25 Equity volumes was $209B up 100% YoY and 17% MoM. + Upside of all the product launches with a very product oriented founder @vladtenev with event contracts card tokenized stocks etc. $HOOD still a generational long term buy"
X Link 2025-09-10T14:58Z 13.2K followers, [---] engagements
"Answer YOUR onchain questions with ART Chat 💬 Huge kudos to @crystaltaixyz @mycoolsong @kdhk_ @Horace_Liu_ @0xsunny77 and team. Let's freakin get it DM us if you want beta access. 📣 Introducing ART Chat 💬 Imagine asking one chat to handle all your onchain research Ask it to: Pull protocol comps in seconds (e.g. Hyperliquid) Generate custom charts instantly (BTC vs ETH price) Query all Artemis-supported metrics for any asset Find assets that https://t.co/vkTX5HVpYP 📣 Introducing ART Chat 💬 Imagine asking one chat to handle all your onchain research Ask it to: Pull protocol comps in"
X Link 2025-09-10T17:59Z 13.3K followers, [----] engagements
"@mcagney @Figure @coingecko @DefiLlama @provenancefdn We would be happy to support and add @figure HELOC data onto @artemis. Will DM you"
X Link 2025-09-11T21:09Z 13.6K followers, [----] engagements
"Crypto is cleary shifting to real use cases: [--]. Stablecoin payments [--]. Global Prediction Markets [--]. Tokenized Equities Excited as fundamentals ramp up as a core factor for tokens price more and more real businesses get built and rewarded in crypto. The next onchain runner will be in plain sight"
X Link 2025-09-27T03:58Z 13.3K followers, 23.4K engagements
"Great time to buy coins with fundamentals"
X Link 2025-10-10T21:30Z 12.6K followers, 10.9K engagements
"Dear Stocks investors You need crypto data to invest in stocks: - Cloudflare: NET Dollar supply / volume - Stripe: @Stablecoin payment volume - Visa: partner stablecoin volume e.g @raincards - Robinhood: revenue from @Kalshi prediction market - Coinbase: @base revenue ETH staked CEX volume The list of companies will keep growing. Crypto data will matter more and more as finance moves onchain"
X Link 2025-10-13T19:10Z 13.2K followers, 11.8K engagements
"BitGo S-1 Mini Teardown: - Digital asset infrastructure company - $90B of assets +52% YoY - [----] customers +168% YoY - $4.1B "Revenue" H1'25 +272% YoY - $168M Gross Profit Run Rate H1'25 +54% YoY* - Highest Gross Margin Product: Subscription & Services Revenue. - Other revenue lines are all 0.19-11.5% Gross Margin"
X Link 2025-10-13T21:33Z 12.8K followers, [----] engagements
"Wild Pump trades at 2.5x revenue and is still $490m $PUMP token buybacks. Peak multiple was 4.1x revenue. Key metrics are trending down but Pump is still a massive juggernaut in Solana. $1.16m in revenue today unstoppable train "dead" lmfao https://t.co/FjUQNdY87s $1.16m in revenue today unstoppable train "dead" lmfao https://t.co/FjUQNdY87s"
X Link 2025-10-17T13:25Z 13.2K followers, 17.2K engagements
"Perp Wars 🔫: @Lighter_xyz looking great here and growing #3 Open Interest at $1.4B (12.5% marketshare up from 8% from [--] weeks ago) #3 Perp Volume at $7B daily (18% marketshare up from 9% from [--] weeks ago) After withdraws hit ATH at Oct 11th (due to temporary outage) deposits are now spiking at $70m/day. cc: @vnovakovski"
X Link 2025-10-17T13:28Z 12.6K followers, [----] engagements
"Hey ART Chat what is Binance vs Coinbase volume Moreover I would urge Coinbase to list more @BNBChain projects. @Binance has listed several Base projects. Don't think Coinbase has listed a single @BNBChain project yet. And it's a more active chain. Not a trade. Just recommending given we are on the topic of being open Moreover I would urge Coinbase to list more @BNBChain projects. @Binance has listed several Base projects. Don't think Coinbase has listed a single @BNBChain project yet. And it's a more active chain. Not a trade. Just recommending given we are on the topic of being open"
X Link 2025-10-17T18:33Z 13.3K followers, [----] engagements
"You need to be crazy and wildly competitive if you choose startups"
X Link 2025-10-19T17:42Z 12.8K followers, 12.6K engagements
"TIL Polymarket is 80%+ of volume marketshare less sports 🏀 h/t: @primo_data @Polymarket"
X Link 2025-10-20T21:38Z 13.3K followers, 11.1K engagements
"Reminder: @binance is the largest CEX in the world by A LOT Last [--] day volume was $743B more than ALL other CEXs combined cc: @cz_binance"
X Link 2025-10-21T13:27Z 13.1K followers, [----] engagements
"Titan Exchange went from $0M to $1B+ weekly volume after launching in Q1'25. Insane how quickly S-tier teams can scale an onchain business in a short period of time. Congrats @Titan_Exchange @timahhl"
X Link 2025-10-21T19:34Z 13.2K followers, 25.7K engagements
"#1 Bridge by users is @AcrossProtocol"
X Link 2025-10-22T19:32Z 13.2K followers, [----] engagements
"@LayerZero_Core does $1M monthly fees as the leading interop protocol. That's $12m+ annualized fees and at $185M circ. marketcap implies 15x circ MC/fees. Core Drivers: - After acquiring @StargateFinance LayerZero now can monetize both swaps + bridge volume on Stargate - Recently partnered up with @tempo to help power interop which benefits as stablecoins proliferate - Top Bridges Debridge Stargate and USDT0 leverage @StargateFinance @LayerZero_Core"
X Link 2025-10-22T19:47Z 13.1K followers, [----] engagements
"DFlow went from $0M to $2B+ weekly volume after launching in Q2'25. With 100k+ DAU Dflow is another example of how quickly the best teams can go from $0 - $1B in [--] year. Congrats @DFlowProtocol @niteshnath @danjablonski_"
X Link 2025-10-22T21:54Z 13.1K followers, 83.4K engagements
"Metrics that matter for @MeteoraAG on TGE day [--]. Meteora daily volume: $633m +13% MoM 👉Most volume from Dynamic Liquidity Market Make [--]. Meteora daily fees: $4.5M +309% MoM 👉Most fees comes from LPs [--]. Meteora daily revenue: $579k +366% MoM 👉Annualized revenue is $170m+ Congrats $MET on TGE day at $556m FDV cc @0xevanarp"
X Link 2025-10-23T18:36Z 13.6K followers, 21.6K engagements
"Paradex grew from $200M to $10B+ perp weekly volume in [--] year. That's 50x YoY growth and now #5 leading perp. Winning share with no fees no spread and privacy. Congrats @fiddybps1 for scaling @paradex so fast"
X Link 2025-10-23T21:39Z 13.1K followers, 18.5K engagements
"@EvanDeKim @Snowflake What a Chad"
X Link 2025-10-24T01:17Z 12.8K followers, [--] engagements
"Meteora $MET is a top [--] token by annualized revenue at $120M/year Congrats @0xSoju @0xevanarp and @MeteoraAG team"
X Link 2025-10-24T02:23Z 13.3K followers, 35.3K engagements
"Stablecoin Payments are now $118B run rate +137% YoY Brought you by the GOATs of stablecoins @artemis Get the full download 👇 INTRODUCING: Part [--] of our Stablecoin Payments Report Co-written with @CastleIslandVC and @dragonfly_xyz with data now through August [----]. Stablecoin payments hit $10.2B monthly up 70% since February and 137% since Aug '24 now at a $122B annual rate. Heres how the market https://t.co/6iB2plCd2P INTRODUCING: Part [--] of our Stablecoin Payments Report Co-written with @CastleIslandVC and @dragonfly_xyz with data now through August [----]. Stablecoin payments hit $10.2B"
X Link 2025-10-24T14:13Z 13.6K followers, 12.4K engagements
"Prediction: Top Tokens w/ +$20m revenue will outperform Crypto Equities in [----] - 2030"
X Link 2025-10-24T20:12Z 13.3K followers, [----] engagements
"Helium Fundamentals and Valuation Multiples.make sense compared to Web2 Comps At $20M+ run rate revenue $HNT trades for 15x MC and 17.9x FDMC. The multiples for @helium trade in a reasonable multiple band compared to web2 comps -- high growth SaaS trades at 14x. Helium one can also model out easier than DeFi as number of sub + ARPU can model out in a 3-5 year time frame. DePin / Protocol Revenue comps will Web2 Tech Revenue multiples overtime as tokens become equity. The best tokens with the best fundamentals will outperform equity peer group. 🚨 New on Artemis: $HNT Buybacks Dashboard Track"
X Link 2025-10-28T15:05Z 13.2K followers, 13.4K engagements
"http://x.com/i/article/1983252062692380672 http://x.com/i/article/1983252062692380672"
X Link 2025-10-28T19:22Z 13.1K followers, 30K engagements
"@pythianism 💯 @pythianism -- and we need for all the major protocols and for capital allocators to agree to only invest if there are clear disclosures and financials"
X Link 2025-10-28T19:23Z 12.9K followers, [--] engagements
"@blknoiz06 Here's your portfolio track for crypto / tokens. We know you @blknoiz06 😜 Happy to personally onboard you: https://docs.google.com/spreadsheets/d/1yBCYfaXNzScBzLV-E6SRqlpRL0161n8GZZPG86ruisw/editgid=0#gid=0 https://docs.google.com/spreadsheets/d/1yBCYfaXNzScBzLV-E6SRqlpRL0161n8GZZPG86ruisw/editgid=0#gid=0"
X Link 2025-10-28T20:04Z 13.2K followers, [----] engagements
"Hey EV3 Sal big fan of your work. I was thinking since Helium adds mobile subs on the demand side on recurring plans and the subs burn data credit business model felt akin to consumer SaaS or a price per usage (API biz almost like Twilio). So high growth software business that have a mixture of recurring software or usage based pricing felt like the best set of comps. Curious your take"
X Link 2025-10-29T01:23Z 13.2K followers, [---] engagements
"OpenAI will be the #1 fastest growing public SaaS co $13B ARR + 137% YoY $1B of enterprise value 76.9x EV/ARR (Palantir trades at 110.6x 🤷) 84% rule of [--] revenue growth + LTM FCF (#3) -50% net income margins (estimate -$5B of burn in '25) Congrats @sama and @OpenAI $OPENAI JUST IN: OpenAI prepares for IPO at $1 trillion valuation Reuters reports. JUST IN: OpenAI prepares for IPO at $1 trillion valuation Reuters reports"
X Link 2025-10-30T00:06Z 13.2K followers, 10.6K engagements
"@apoo @sama @OpenAI @publiccomps or http://publiccomps.com http://publiccomps.com"
X Link 2025-10-30T01:36Z 12.9K followers, [---] engagements
"@StevenXi07 @sama @OpenAI Sorry typo wasnt used to putting $1T. The value is correct"
X Link 2025-10-30T18:07Z 13.1K followers, [--] engagements
"Tron is primarily a stablecoin chain. Majority of (labeled) onchain activity are: [--]. Peer to Peer Transfers using USDT [--]. Stablecoin. This is very different from other chains like @base @solana @BNBCHAIN where application activity is a lot more wide ranging. $TRX"
X Link 2025-10-30T19:05Z 13.1K followers, [----] engagements
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