Happy Holidays from The Daily Edge

$IO Partners with Dell!

It’s impossible not be bullish on $IO. The project is now #2 on the DePin Ninja revenue leaderboard with $15mm ARR, with forward-looking numbers even stronger ($20m+). The network is scaling faster than anyone expected and $IO just announced a partnership with Dell!

Happy Holidays from The Daily Edge

Back at the desk after a break for the holidays and things certainly look better than the sentiment - especially with the prevailing consensus that we’ve already peaked or are near the peak. BTC traded down 2% over the last 7d to $94.8k, and this was in the face of equity markets broadly selling off as well. SOL is finally showing some strength, trading up 5% over the last 7d to $193 or +5% while ETH was flat.

Top 100 strength was led by BGB, VIRTUAL and PENGU, with VIRTUAL being the current star of the AI agent show. The token hit fresh ATHs of ~$3.5bn, which spurred some runs in Base AI coins like AIXBT running to $400m+, GAME hitting $300mm, ACOLYT hitting $40mm and REI tapping $100mm. Top 100 weakness was seen in FTM, HYPE, ONDO, ENA and SUI, with FTM and HYPE both down 18%+ over the last 7d. From a mindshare perspective, ai16z has flipped AIXBT for the top spot, PENGU remains high, as does fartcoin and unicorn fart dust.

AI agent mindshare (per cookie.fun) still has AIXBT leading but also has VIRTUAL in the #3 slot (which makes sense). Other notable coins in here include VADER, FAI and TRISIG.

Chart of the Day with Vertex

My quant is quite bullish coming out of Deadcember and thinks SOL/BTC has bottomed and will now resume up only. Try app.vertexprotocol.com today and trade SOL with up to 10x leverage.

The onchain market has shifted more towards Base following the continued run up in VIRTUAL but ai16z has also been on a run, hitting $1.4bn ATHs. SOL AI agents (instead of infra) have not really fared well with BULLY down to $38mm, Zerebro down to $300mm and GOAT hovering around $430mm. Fartcoin has notably held up well at ~$1bn still, even with CT attention sort of waning. Speaking of (potentially) waning attention, volume and user growth has slowed significantly on HYPE while its token has held up pretty well only falling ~20% from the peak.

In the smaller cap range, today was still a very good day with a lot of SOL AI coins catching a bid, which was split across a mix of newer coins (like PYTHIA, MIRA, NEUR) and a bit older coins like FXN, GNON, vvaifu, arc and ALCH. The new launch runner of the day was SLINKY which hit ~$22mm.

SOL mindshare was led by SNAI and ai16z, along with UFD, NEUR and ARC. Attention gainers on the day were UFD, MIRA and Fartcoin among others.

0-5d old tokens on SOL with $100k+ of smart ownership included SLINKY, MIRA, PYTHIA and SVMAI.

Trench volumes remain subdued at the moment, with Photon seeing volumes fall 77% from the peak and squarely back to October levels (which is more bullish than bearish the longer we stay at these levels).

Similar trends were seen in TG bot volumes.

Interesting accounts getting smart follows:

• Tri Sigma

• Reploy.ai

• Monsters.fun

• CURA

• Cloudland

• AlphaArc

• Citadail

Mantle’s Unstoppable 2024 🚀 

Mantle shattered records in 2024 with $2.36B TVL, welcoming 4.3M+ new users and powering over 139M transactions. Its vibrant ecosystem now spans 250+ dApps, driving innovation across GameFi, DeFi, and AI, with 45K+ daily active users shaping the future. And the network has set the stage to have an even better 2025 with its revolutionary partnership with Succinct’s SP1 for ZK validity proofs along with its 40 strong Mantle Scouts Program of 40 industry leaders.

SMART MONEY CORNER - Presented by chainEDGE

• SOL smart money bids were led by ai16z, STNK and MIRA on the day

• Balance trends were bearish old coins and bullish newer coins for the most part, with balances significantly increasing for arc and daige

• ETH smart movements were more subdued and were led by bids in DEAI, SLAP and FJO

• While balance trends were not really notable outside of newer coin SEN

MEME OF THE DAY