Avici (AVICI)

Good illustration of @MetaDAOProject's business model.

MetaDAO collects a fee on every trade, both in the Futarchy AMM and in the Meteora LP positions. This chart shows the AMM side only.

So far $AVICI is the largest contributor by a wide margin. It's roughly half of all treasury revenue here.

The top four (Avici, Umbra, SOLO, Meta) are close to 90%.

This is a hits business: a single high-volume token can generate more than the entire long tail combined.

Next ICO on MetaDAO is @LasoFinance and it starts tomorrow!

note: as said above, this doesn't include Meteora LP fees, and Defillama sometimes reports fees / revenues inaccurately, so take this chart as a rough illustration.

Avici processed more than $6M in volume during May, its largest month so far.

The team is also preparing card rollouts while continuing product updates.

$AVICI still sits near a ~$10M market cap.

Why is the market barely valuing a crypto payments product already processing real transaction volume?

Avici is building a self-custodial banking and payments experience on Solana.

The core idea is simple:

Use crypto without selling it.

Users hold assets in self-custody while accessing spending functionality through cards, payments infrastructure, swaps, and credit-based features.

The ecosystem includes:

• Self-custodial smart wallets
• Crypto-linked payment cards
• Merchant payments
• Asset-backed spending power
• On-chain banking infrastructure

That makes Avici different from most crypto card products, which typically require users to hand custody to a centralized provider.

There are still obvious challenges.

Payments is one of the most competitive sectors in both crypto and fintech.

Future growth depends on:

• Card adoption
• Regulatory execution
• Banking and payment partnerships
• User retention beyond crypto-native audiences

The good part is supply.

• Nearly the entire supply is already circulating
• No major unlock overhang exists
• Future value depends primarily on usage growth rather than token emissions

At the same time:

• No major exploit history surfaced
• No public governance controversies emerged
• Product development continues shipping at a steady pace

🪙Tokenomics

• Price: ~$0.78
• Market cap: ~$10.1M
• Circulating supply: 12.89M
• Total supply: ~12.9M (max)

Always take whatever you read on the internet with a pinch of salt, do your own research, NFA.