Josh recapped MCG's recent calls as the on-chain DeFi renaissance accelerates: CASHCAT hit 140M after Chill flagged it sub-$1M, PONS ran 10M to 67M since its July 20 interview, and 0XAPPS went 60K to 10x off the zapper-style one-signature primitive. The AI token — Nvidia's quote token on Robinhood-chain — went 4M to 9M after MCG's Thursday discussion, with its liquidity pool now holding ~780K Nvidia as arguably the largest on-chain holder of the stock.
The ongoing Claw Pump hackathon posted impressive platform numbers: 142M in volume, 3 billion compute tokens used through Usepod, 12,000 agents launched and 9,000 tokenized on Solana. CLAW itself is breaking out to all-time highs with ~60% of supply locked (circulating just 3-4M), SQUIRE sits around 2M, and the hackathon runs to end of September with a 320K prize pool. Josh also flagged Virtuals coming to Solana: its automated capital formation mechanism sells tokens from LP buckets at market-cap thresholds from 2M to 160M FDV — repo raised 1.8M, VEX 800K, Reply 500K — with Solana launches routing through Meteora DLMM pools.
Josh's top conviction is NET NET, the rebasing treasury protocol founded by the founding engineer of NBA Top Shot, in which he holds an average near 1.1M. Roughly 88-90% of supply is staked, it carries almost 2M in cash reserves, its RWA sleeve just hit 1M, and it is the largest SpaceX holder on Robinhood-chain (also Tesla, Microsoft, Apple) — while stakers earn a clearly unsustainable ~13,000% APR. The novel piece is a 'turbo' primitive: 25x long/short call-and-put NFTs minted for use in third-party games, with a mint fee flowing into the treasury.
Ex-Uniswap dev AzFlin debuted PUMPRPG, an idle auto-battler arena where users roll a free hero and spectate bet on 30-second rounds — pure paramutuel, house-free gambling with a seeded bot guaranteeing counterparties. Since launch: 2,300 Pump.fun account signups and ~70 SOL bet across 50-60 gamblers, with a 10% rake split 5% buyback/burn of PUMPRPG and 5% to winning heroes. He dropped the no-code Strategy Lab today, is collaborating with Bite Arena and Claw Hunter, and entered the hackathon's Pump.fun track for a shot at the 320K prize pool.
Solo dev and KOL Zips built BaseStonk from dust in six hours as a Base-native version of Solana's STONK.fun — and it has 12M in volume, ~400 tokens deployed, 13,000 holders, and 84M of the 1B supply burned. The platform runs Uniswap v4 hooks with a 1%/1% tax (0.5% to the platform flywheel, 0.5% configurable for the dev), dividend baskets, and an automatic buyback-and-burn, with a v5 launcher just finishing a 48-hour audit. Josh's take: it is a genuinely better iteration than STONK.fun — 'you always bet on the founder.'
Zips revealed Coinbase officially went live today with docs for Apple, Google, Meta and Nvidia RWA pairs on Base, letting founders pre-deploy memes against wrapped variants until official liquidity lands. The conversation expanded into the multi-tier pair-token ladder Josh has been mapping: buying SOYLANA routes SOL → ANSEM → MANLET → SOYLANA, so every size of trader becomes an ANSEM buyer — though he warned bots now front-run these launches and retail without automation 'buys the distribution' on the one-minute candle.
Josh spotlighted UP, the exchange and liquidity layer of Robinhood-chain: 200M in volume, ~1M in fees, 6M TVL — against a tiny 2.9M circulating market cap (20M of 500M). Emissions run 48 basis points per week but scale with pool volume rather than a fixed schedule; vUP NFT lockups (up to 4 years) vote each week on which pools get emissions, and one UP equals a claim on the DEX's fees. A Stonk Brokers integration is the catalyst he thinks the market is waiting on.
Two tokenized fund experiments drew opposite verdicts. Argon AI / WALL-E — a systematic macro fund claiming 48% net return YTD vs. SPY's +12%, built by a manager tied to $34B+ under management — gets a watch, with Josh wanting to know why a 2/20 quant fund would tokenize its edge (they join MCG this week). HEDGEHOG, where 'every NFT is a hedge fund' at 0.016 ETH NAV and a 0.5% management fee, was faded outright: no funds deployed yet, and a 1.9M cap already prices in the story.
HOOKER — the Uniswap v4 hook-primitive launchpad MCG caught at 450K that is now up 10x — remains the eco leader on Poolstar Trade, with 500K tokens bought back and a dual-token structure alongside 0XAPPS. The deeper primitive is the leverage liquidity hook: a credit module that turns a v4 pool into its own lender, letting traders lever against their own LP without an external lending market. Josh exited at 450K and is waiting for a pullback, noting the Uniswap whitelisting catalyst still hasn't landed.
The sponsor-suite rundown had CRED looking the strongest: pre-money 6M with 4M in treasury, a 50-cent floor off a 40-cent raise, 400K in 24-hour volume and a breakout in progress. UMBRA trades within 4 cents of its 20-cent NAV (2.2M treasury vs. 2.4M cap, ~17% premium) while vertically integrating its own privacy layer with an ex-Houdini Swap CEO advising. SOLO sits at NAV, OMFG is called a sleeper (5M volume, 700K TVL, leverage on long-tail assets), and P2P trades under NAV on stablecoin stakes — all bought like long-term equities, not memes.