Stacy Muur

Stacy Muur

64,475 Twitter followers

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In Web3 since 2016. Ex CMO, (too) passionate about research & data. Founder https://t.co/YxZBKWgjYJ Telegram channel: https://t.co/d5Ioy4qbi8

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Hotspot growth might be the most ignored @helium metric. 120K+ deployed. Still adding ~70/week. Plus: Weekly data transfer keeps going higher, from actual usage scaling. Last week alone: +5% QoQ. Fundamentals is the long-term vision for $HNT.

Key margin notes from @1kxnetwork’s 2025 Onchain Revenue Report: • Onchain fees hit ~$20B in 2025 and are on track for $32B+ in 2026, driven almost entirely by applications, not blockchains. • Blockchains lost the business model & apps won it. L1/L2 fees collapsed ~95% due to efficiency, yet usage exploded. Value shifted decisively from base layers to DEXs, perps, lending, wallets, RWAs, DePIN. • Only ~100 protocols actually matter. Out of 1,100+ fee-generating protocols, most won’t survive once incentives dry up. The winners share one trait: users pay because the product is better, not because tokens subsidize usage. • Incentives are dying & cash flow is replacing them. Apps cut incentive spend from ~90% of fees (2021) to <3% (2025). Despite lower total fees, token holder distributions hit all-time highs via buybacks and burns. • RWAs, DePIN, wallets = the growth engine for 2026. These sectors are compounding >200% YoY and are projected to hit $1B+ combined fees next year, fueled by regulation + real-world demand. • Valuation mismatch is getting extreme. Blockchains hold ~90% of market cap but generate ~12% of fees. Apps are cheap relative to cash flow – something has to mean-revert. twitter.com/stacy_muur/status/...

Public companies don’t buy narratives, they buy primitives Korean public company MARBLEX @MARBLEXofficial holding $OPEN suggests they see @OpenledgerHQ as foundational infra, not a single-game bet. That’s a very different bar than “partnership announcements.” Big signal here, imo.

Very interesting study here. Some margin notes for founders: • Funding and community size is irrelevant. Correlation between capital raised / X follower and token performance is effectively zero. • Most tokens are dead on Day 1. Average ROI from launch is ~0.96x. • Sector narratives matter more than execution quality (very sad) • Projects generating real revenue now trade worse than vaporware. This is unsustainable and signals a deeply broken market incentive structure. • Timing for token launches is crucial. Miss good timing = rekt. twitter.com/stacy_muur/status/...

Tier list of food that will make everyone mad: S: Shawarma, sushi (not rolls!), pad thai A: Steaks, cheese, chocolate B: Oysters, wings, bakery, ramen C: Avocado, pasta, curry, burgers D: Pizza, mussels, matcha ... ... ... Z: Licorice, vinegar, mayo, cauliflower, beans Ready

This year CT learned that: 1️⃣ Selling airdrops immediately is the best strat 2️⃣ Shorting airdrops is good but liquidations are common even at a low leverage 3️⃣ InfoFi doesn't work as a marketing instrument 4️⃣ Everyone grinds. It's a pvp. Even VCs / teams / KOLs 5️⃣ AI is adding a lot of noise 6️⃣ Lack of innovation is a problem 7️⃣ Everyone cares about TGE more than about the product 8️⃣ Attention cycles are shorter than we thought 9️⃣ Everyone (even the smartest) gets rekt

What was your main source of $$ in 2025?

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