2025-12-07 22:24:11

Here's the paradox nobody's talking about: a protocol with over a million registered agents pushing $250 million in weekly volume, yet zero tradable token. The base layer? Totally free. But here's where it gets interesting.

Orchestration platforms are stacking on top, quietly collecting protocol fees. Privacy infrastructure providers are monetizing their services. Attestation networks are charging for verification. The foundation gives everything away, while the builders above are printing money.

This is how modern crypto infrastructure works now. The rails are open-source. The services built on those rails? That's where the actual revenue flows. Makes you wonder if token launches even matter anymore when the real value capture happens at completely different layers of the stack.

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BearMarketHustler

· 12-08 10:26

Seriously, achieving a weekly trading volume of 250 million without a token—now that's a killer move. They're sitting at the base layer freeloading off the protocol, while collecting all the fees at the application layer. I get this playbook. So it doesn't even matter whether they issue a token or not—all the money is made at the orchestration and privacy layers.

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SilentAlpha

· 12-07 22:50

Now I see through this routine: it's just splitting up the fees, but sooner or later they'll still issue a token. --- Tokens are useless? Then why is everyone still frantically issuing tokens? This logic doesn't really hold up. --- A tokenless protocol pushing $250M in weekly trading volume is the real play—the middle layer is where retail investors get fleeced. --- Wait, so the idea is that the infrastructure is free, but the upper-layer applications are the real gold mine? Got it. --- Sounds like they're just shifting money from tokens to gas fees and transaction fees—the essence hasn't changed, right? --- If that logic really held, investors would have flocked to build blocks instead of hoarding tokens a long time ago. --- Base layer being free sounds great, but why should these builders be able to charge fees? If a competitor comes in, wouldn't it all fall apart?

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rekt_but_vibing

· 12-07 22:50

Damn, no token but still managed to reach $250M weekly trading volume? This is what real infrastructure play looks like. --- It's the same old trick of hiding the money at the top—the foundation makes a splash, but the builders are the ones putting in real money. --- In the end, it's still those orchestrator platforms and privacy infrastructure cutting the newbies. Nothing new here. --- So tokens aren't important at all. No wonder those OG crypto folks are starting to drop out. --- A million agents using a protocol without a token—this logic is pretty wild.

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VitaliksTwin

· 12-07 22:44

No token but still managed to rake in 25 billion? That’s quite the scheme—letting the top levels take all the money.

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CoconutWaterBoy

· 12-07 22:26

Damn, this is the real gameplay. The base layer hands out money for free while the upper layer is crazily fleecing users. --- No token yet still pulling off $250m in weekly trading volume? Now that's what I call real infrastructure. --- Got it, from now on investments should look at whether upper layer service providers are making money; the token itself doesn't mean much. --- That's pretty ruthless. The foundation is freeloading off engineers' code, and orchestration is directly monetizing on top... Is this the magic of modern cryptography? --- So does launching a token always have to involve fleecing people first? This logic is kind of twisted. --- Unbelievable, more and more people are realizing that tokens are just fundraising tools. --- Why do I feel like this is just talking about someone else's "rat poison"? If you build a base protocol yourself, you don't actually make any money. --- Wow, no token yet still millions of users, so all those xxx coins we bought before really were...

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