Reflecting on how the public markets for alts has evolved over time, I think especially after the meme saga and HYPE's success, the playbook is clear. Premiums will be awarded to protocols that have these 3 criteria: 1. A sustainable and growing business (ideally independent of crypto cycle busts and booms) 2. Minimal token inflation via unlocks (investor or team selling) 3. A team that prioritizes tokenholders which typically means some portion of revenue generated is dedicated towards public market token buybacks (not to be confused with token burns, that is useless) There are very very few protocols that meet all three criteria right now, with HYPE being the standout example but it will be very clear that big winners are in the making.