World Liberty Financial (WLFI)

$USD1 supply grew 9.7% in a week: $4.34B to $4.85B.

The coordinated incentive campaigns by @worldlibertyfi across major venues made the desired effect.

Binance Wallet running 16M WLFI rewards, Bybit at 40M, Gate offering up to 20% APR.

Another thing worth noting is the revenue narrative catching up.

Multiple analyst threads now place $WLFI's $400K+ daily protocol revenue alongside PancakeSwap, Lido, and Hyperliquid.

This move reposition it from political/controversy token to genuine cash-flow protocol.

The incentives and the fundamentals story are reinforcing each other at the same time.

One thing stood out to me in Grayscale’s latest report.

solana:WLFinEv6ypjkczcS83FZqFpgFZYwQXutRbxGe7oC16g is now ranked among the top 8 revenue generating protocols in crypto.

But that’s not what caught my attention.

What caught my attention is who they’re comparing it with.

@worldlibertyfi isn’t being compared with other stablecoin projects.

It’s being compared with Hyperliquid, Aave, Jupiter and other revenue-generating financial protocols.

That tells me @Grayscale isn’t looking at solana:WLFinEv6ypjkczcS83FZqFpgFZYwQXutRbxGe7oC16g purely through the lens of a stablecoin ecosystem.

They’re evaluating it as a revenue-generating on-chain financial protocol.

I think that’s a subtle distinction that many people will overlook.