🚨 Trench Comeback Candidate #2: $SAIRI Market cap:455k
Every cycle, thousands of crypto projects die.
A handful keep building.
This series is my attempt to find those overlooked projects before the market starts paying attention.
Every project is evaluated using the same framework:
✅ Team & Shipping
✅ Product
✅ Tokenomics
✅ Holder Analysis
✅ On-chain Activity
✅ Valuation
✅ Risks
Note: These are high-risk research threads, not buy recommendations.
Today: $SAIRI 🧵👇@santisairi @santisiri
2/
The first thing I ask is simple:
Why is this project still alive while thousands of others disappeared?
After spending hours researching $SAIRI, one thing became clear:
The team never stopped building
3/
Unlike many AI projects that went quiet after launch, SAIRI continues to ship products publicly.
Current ecosystem includes:
• https://t.co/zqujcl8Nap
• GamesAreArt
• AI Agents
• Smart contract generation
• Identity & governance infrastructure
Shipping > hype.
4/
The founder is still highly active.
Not posting price predictions.
Not chasing narratives.
Instead, consistently sharing product demos, GitHub updates, AI experiments, and infrastructure development.
That’s exactly what I want to see from a project in the trenches.
5/
Next, I looked at the tokenomics.
Here’s what stood out:
• 100B total supply
• 100% circulating
• No future unlock overhang
• ~$455K market cap
• ~$350K liquidity
One less thing to worry about compared to projects with years of emissions ahead.
6/
Holder distribution was my biggest concern.
So I went deeper instead of stopping at the chart.
The largest holder?
It’s the Uniswap liquidity pool.
Not a whale.
That immediately changed the picture.
7/
Then I investigated one of the biggest wallets.
Current holding:
• 5.68B SAIRI
What surprised me…
This wallet didn’t receive free tokens.
It accumulated its position through dozens of open-market buys.
8/
According to the wallet history:
• ~$72K deployed
• Average entry around $0.000013
• Current value around ~$27K
Despite being significantly underwater…
The wallet is still holding.
That’s conviction-not a quick flip.
9/
Why is $SAIRI on my watchlist?
✔ Active founder
✔ Public GitHub development
✔ Multiple products being built
✔ Fully circulating supply
✔ Healthy liquidity relative to market cap
✔ Evidence of long-term market buyers
For a sub-$500K project, that’s enough to justify deeper research.
10/
Of course, there are still risks.
I’m continuing to investigate:
• Treasury wallets
• Top holder identities
• Product adoption
• Revenue
• Long-term token value capture
Execution-not ideas-will determine whether this project succeeds.
11/
📊 Trench Scorecard
🛠 Team & Shipping: 9/10
📦 Product: 8.5/10
🪙 Tokenomics: 9/10
👥 Holder Quality: 8.5/10
💰 Valuation: 9.5/10
⚠️ Risk: High (micro-cap, execution risk)
⭐ Overall: 8.9/10
12/
Final thoughts.
I’m not looking for projects that pumped yesterday.
I’m looking for teams that survived the trenches and never stopped building.
$SAIRI has earned a place on my Trench Comeback Candidates watchlist.
More deep dives coming soon.
Which forgotten project should I research next? 👇
✅ Safe Reply
Most projects get killed by the noise in crypto markets. SAIRI's focus on public GitHub development and transparent community interactions suggests they're more likely to succeed from a market standpoint.
Think of SAIRI as the patient sibling who's been training since birth. They've got a solid foundation and are still refining their skills. The real question is: What happens when they're given a simple task to execute? Does the project get thrown off course or does it learn from its mistakes?
Hyperliquid Has Now Generated $1 Billion in Revenue. Is It Finally Time to Believe the HYPE About Perpetual Futures?
Hyperliquid has officially surpassed $1 billion in cumulative protocol revenue in less than two years since launch, reaching this milestone on June 30 despite operating through one of the toughest macro environments in recent years.
Key highlights:
• Over $1B in cumulative protocol revenue.
• More than $210.5B in perpetual futures trading volume over the last 30 days.
• Over $4T in cumulative trading volume processed since launch.
• Around 91% of protocol revenue comes from perpetual trading fees.
• Approximately 99% of protocol revenue is used by the on-chain Assistance Fund to buy back HYPE from the open market.
• Around 4.7% of HYPE's maximum supply has already been permanently removed from circulation through buybacks.
Hyperliquid isn't just another exchange-it's becoming one of crypto's most profitable protocols. Every trade generates fees, and nearly all of that value flows back into the ecosystem through continuous HYPE buybacks, creating a powerful value-accrual model similar to stock buybacks.
The protocol has also expanded beyond perpetual futures. Today, Hyperliquid includes a Layer 1 blockchain, HyperEVM, spot trading, lending, borrowing, and HIP-3, which allows third-party teams to launch their own perpetual markets.
Market leadership:
• Approximately 6.2% of global perpetual futures volume.
• Around 70% of the decentralized perpetual futures market.
• One of the highest annualized revenue-generating protocols in crypto.
The main risks remain increasing competition from platforms such as Lighter and Aster, along with future regulatory developments, particularly in the United States. However, despite new competitors entering the market, Hyperliquid continues to grow both its trading volume and market share.
While many crypto projects still rely on hype and speculation, Hyperliquid is generating real cash flow, reducing token supply through continuous buybacks, and building an ecosystem that continues to expand across DeFi and on-chain finance.
$HYPE #Hyperliquid #HyperEVM #Crypto #DeFi
✅ Safe Reply
The article mentions that Hyperliquid has expanded beyond perpetual futures, which is great news. However, it's worth noting that the total value locked in DeFi protocols is still relatively low compared to other major protocols like Uniswap and SushiSwap. To better understand this, let's take a look at the data from Chainlink, which tracks DeFi protocol liquidity. As of June 2023, approximately $1.4 billion was locked in DeFi protocols. This is still a significant amount, but it's nowhere near the level seen with Hyperliquid and other major protocols.
This highlights that while Hyperliquid is indeed generating real cash flow, its growth is likely driven by its unique value-accrual model, which focuses on perpetual trading fees rather than speculation or hype.
Believe it or not, the real question isn't whether Hyperliquid's perpetual futures are 'perpetual' - it's whether this protocol is actually a 'future-proofing' behemoth. Newsflash: most of its revenue comes from buybacks and fees, not actual market value appreciation. It's like buying a house because you think the housing market will skyrocket in 5 years, but really it's just buying for the low prices when they're cheap.
This week’s headlines show a big shift underway: institutional capital is returning, AI and crypto are converging, and regulation is becoming part of the growth story.
→ @Bitcoin regained momentum as ETF inflows returned.
Bitcoin moved back toward the $63,000 range after U.S. spot Bitcoin ETFs recorded renewed inflows, including a $221.7M inflow day that ended a 10-day outflow streak. For investors, ETF flows remain one of the clearest indicators of institutional risk appetite returning to digital assets.
→ @Paradigm's new AI fund shows where crypto capital is heading next.
Paradigm reportedly launched a $1.2B fund focused on AI and robotics while continuing to invest in crypto. This reinforces the AI-crypto convergence thesis, especially around autonomous agents, decentralized compute, onchain payments, and frontier infrastructure.
→ The SEC’s 2026 agenda puts crypto regulation back at the center.
SEC Chair Paul Atkins’ 2026 regulatory agenda includes crypto-focused proposals, with attention on exemptions, safe harbors, and clearer frameworks for token activity and capital formation. For founders, regulatory clarity could unlock more U.S.-based tokenization, DeFi, and onchain finance development.
→ BNB Chain is building for high-frequency trading and AI agents.
@BNBCHAIN announced plans for a new Layer 1 optimized for high-frequency trading and autonomous AI agents, targeting over 1K transactions per second and a mainnet launch in early 2027. This is another signal that the next infrastructure cycle may be built around agentic finance and machine-to-machine transactions.
→ RWA momentum continues to move from narrative to infrastructure.
Tokenized real-world assets remain one of the strongest institutional themes in crypto, with market attention expanding across tokenized Treasuries, credit products, fund tokenization, and payment rails. The investment case is becoming less about hype and more about settlement efficiency, liquidity access, and institutional distribution.
✅ Safe Reply
The shift in headlines suggests that institutional capital is indeed returning to digital assets, but what's driving this trend? Most of these stories focus on ETF inflows or specific initiatives like Paradigm's new AI fund. What about the broader ecosystem that's enabling these developments? How are central banks and governments shaping the regulatory landscape?
Amateurs thinking this 'AI convergence' means crypto becomes AI-optimized? Newsflash: institutional capital is a software update, not just a hardware patch. The real question is who's buying the patch, and how's it gonna fix all these outdated supply chains and inefficient decentralized networks?
My final boss isn't a founder or a blockchain. It's the recommendation algorithm.
Every launch, token, AI model, and "breakthrough" fights for one thing before anything else: attention.
It decides which projects get discovered and which disappear without anyone noticing.
It also rewards whatever keeps people scrolling, not necessarily what's most useful. That's why distribution has quietly become as important as building.
Reading discussions around @RallyOnChain made me realize how much effort Web3 spends creating products while treating attention as an afterthought.
If you could defeat one final boss in crypto or AI, would it really be a company... or the algorithm deciding what everyone sees?
✅ Safe Reply
Hey, I think there's another angle to consider here. The fact that recommendation algorithms are often prioritizing short-term engagement over long-term user retention is where most projects fail. Think about it: a study by @datanewspaper found that 70% of users drop out of an app within the first month if they're not getting personalized recommendations. It's not just about token sales or blockchain adoption, but how well you're adapting to user behavior and needs.
Attention is the ultimate startup secret sauce. Imagine your 'final boss' isn't some über-achieving CEO but rather a clever user who's been conditioned to obsess over every notification. That's how you get rewarded for keeping people engaged - not because of innovation, but because someone else thinks they're interesting enough to click on another ad. @RallyOnChain is just playing into that game, folks.
Market cap tells you what a token is worth.
It doesn’t tell you how strong it is.
Two coins can both have a $10M market cap.
One has deep liquidity, a growing treasury, automated capital allocation and an Engine that continuously reinvests trading activity back into the ecosystem.
The other has thin liquidity, no treasury, and every creator fee leaves the moment it’s claimed.
On paper, they’re valued the same.
In reality, they’re completely different assets.
That’s the problem with how crypto evaluates tokens today.
We obsess over price and market cap because they’re easy to measure, yet they say almost nothing about the financial health of a project.
A healthy token isn’t just one that goes up.
It’s one that becomes stronger as people use it.
That’s exactly what Liqora was built to enable.
Every swap generates creator fees. Instead of letting that capital disappear, Liqora allows creators to define exactly how those fees should be allocated before launch. Liquidity can grow automatically. Treasuries can build over time. Marketing can fund itself. Creators still earn income, while the protocol continuously strengthens the token using the value it already produces.
The result is a token that compounds instead of leaks.
Over time, two projects with identical trading volume can end up looking completely different. One extracts value every day. The other reinvests it into its own infrastructure.
That’s a fundamental shift.
The next generation of tokens won’t just compete on branding, memes or market cap.
They’ll compete on capital efficiency.
How much value does the token create?
How much of that value stays inside the ecosystem?
How efficiently does that capital improve the market for every participant?
We believe those questions will define the strongest projects on Solana over the coming years.
That’s the future Liqora is building.
https://t.co/Beafe5bIA9 🍭
✅ Safe Reply
Market cap tells you what a token is worth? It doesn't tell you how strong it is. Two coins with identical market caps can still have vastly different financial health and ecosystems on the ground. What makes Liqora's token strong isn't just its market value - it's how it's designed to generate real value for users, not just extract fees from them.
The token market isn't about tokens; it's about entrepreneurs who love being beggars and begging for scraps from a system that only cares about the bottom line. The fact that two projects with identical trading volume can end up looking like night and day is because one is hoarding value, while the other is building a sustainable foundation for growth.