Arbitrum Is Growing—Does the ARB Token Capture the Value? | Daily Crypto IQ

So the reason Arbitum deserves this investigation is that its product evidence has become difficult to dismiss. The Arbitum Foundation reported reports approximately 478 million transactions during the first half of 2026. 206 million in ecosystem GDP and about 6.2 million of income occurring for the arbitum DAO. And the big D the Dow is going to be a big part of this, right? So, Robin Hood chain has also introduced a new revenue source. Dedicated Arbitum chains that settle outside of Arbitum or Arbitum 1 return 10% of their net protocol revenue to the ecosystem. That's important and that gives us a much more interesting investigation than simply asking whether Arbitum has adoption. The adoption is visible. The harder question is what that adoption really means for ARB or ARB. the actual token. So, all right, got a lot going down in the

chat. Thank you for those links, Melissa. I appreciate that. So, the popular shortcut is that a successful chain should produce a successful token. But that shortcut fails when the asset used by its customers is different from the asset investors would buy. one arbitum or arbitum one I should say customers use ETH for transactions not ARB the token ARB governs the token governs upgrades treasury assets and the Dow's accumulated income the investigation therefore comes down to the economic value of control is the right to govern a growing treasury enough for ARB the token or does it still need direct mechanisms connecting the usage to token demand command. Now, let's go ahead and get to this beautiful slides that have been created for us tonight. Hopefully, this looks good on stream. I wish I knew how to collapse this. Can we

collapse it? Would be nice if we get it a little bit bigger. But hopefully this is a little bit more interesting for your viewership, right? That is the idea. And this is the first night that we're doing it. So, who knows exactly what we're going to get here, right? It's uh 71 slides that were created. So, hopefully they're all on point. The central question though, understanding ARB's economic role. Arbitum is producing real activity in the DAO income. So, we know that there is revenue coming into the DAO. What economic job does ARB the token actually perform though? And is that job valuable enough to justify the token's existence? Does the token even need to exist becomes the main question. Or is it just a disconnected from the ecosystem governance token? That is what we're looking to find out. I

do own a little bit of arbitum. I completely forgot that I own some arbitrum, but I saw it today on Coinbase. So, project case file, right? So, we're just laying out the roles, right? Understanding product verse token price and the roles. So the arbitum ecosystem comprises of a robust Ethereum layer 2 platform. Let's not forget that arbitum is a layer 2, right? Says if that is a PowerPoint, there's a desk icon at the bottom right. I believe uh it's not PowerPoint. I think PowerPoint is like a very specific uh product. And this was made I made this with like Canva, right? So, I'm not exactly sure how that translate. I'll get better and better at this as we go. What is this? Let's see. Let's hover over this fit to page. I don't want to mess it up. So,

let's just go ahead and roll with this tonight. So, the Arbitum ecosystem comprises a robust Ethereum layer 2 platform like I was just saying. And ARB's primary function is governance with ETH Ethereum as the gas asset because it's a layer 2 on Ethereum highlighting its incomplete value connection. So unraveling crypto asset relationship, right? How does it relate to the ecosystem? Well, the distinct the distinction between a network, its organization, and its token is critical. Understanding this separation helps clarify the dynamics of value, governance, and of course user engagement within the ecosystem. Another good question is how does arbitum stack up against base or the other layer 2 as there are many? We have mega e. There are some new competitors in the layer 2 space, but I think arbitum base and I think I'm missing one there is the

big players in the layer 2 uh system of Ethereum. So here we have total value locked in DeFi 1.4 billion for arbitum and that represents capital deposited in decentralized financial applications operating on arbitrum showcasing significant user engagement within the ecosystem. 1.68 million daily transactions. Of course that demonstrates the network is actively used right there are people using it if it's got 1.6 6 million transactions and that's a robust activity and interest from users rather than being merely an investment narrative. So it does have a useful product. But what do those numbers prove and what do those numbers do? What you may not know four income sources for the arbitum Dow. So just starting off it looks kind of good, right? Is there's four different revenue streams coming into the Dow. That should be a good sign. So, Arbitum Dow

has four key income sources totaling 6.19 million in the first half of 2026, [music] primarily through transaction fees and license fees, not directly for the ARB or ARB token holders. The token autopsy analysis, [music] right? So, unlocked is not circulating. We have a supply and that is about it says as of August 17th 2026 92.3 of the total arbitum supply or ARB token [music] supply was either unlocked or held in the Dow treasury indicating a significant portion is not [music] in public circulation. So this is what is not circulating right 92% that doesn't seem right. All right. Anyways, market implica imp imple implications. Whoa, I got to be able to talk. So, signal versus noise. One of my favorite series to do. It lets us do a little bit of news at the same time related to our subject

of the night. How do you guys like this the slide so far? Is this better than reading it directly from chat GBT where I organize all the notes? So the European Central Bank launch of Pontis connects traditional payment systems with blockchain representing a significant advancement in institutional blockchain adoption and potential market expansion. Of course, signal is important, noise unimportant. US Senate failure to advance comprehensive cryptocurrency legislation indicates a regulatory setback. This situation allows blockchain development to continue amid unsettled legal framework for exchanges and tokens. So, they're still not getting what they really wanted around clarity of regulation here. Let's see. Melissa says she likes to change. Welcome in, Blues Guy. Thanks for being here. So, Hyperliquid has emerged as a significant competitor, attracting substantial derivative activity and liquidity. Hyperlid is capturing a lot of that market, challenging Arbitum's dominance

in the trading space that it's probably had for quite some time. But what does Arbitum really set out to solve, right? What is a layer 2 really doing? Says UG looking good and happy birthday. I appreciate that. I appreciate everybody reaching out and saying happy birthday and stuff. It's been a fun day talking to a lot of people who I haven't talked to in a little bit. So, thank you guys. I really appreciate that. Um, well, all I want for my birthday is you smash that like button, right? So, what is Arbitum actually trying to solve, right? What does it do? Well, it provides strong settlement and liquidity, but direct Ethereum transactions can be expensive or capacity constrained, right? Congestion, if you will. So, Arbitum executes transactions outside of Ethereum's main layer, batches transactions and information, publishes the necessary

data to the Ethereum chain, uses Ethereum as settlement and the security layer. So, Arbitum is secured by the same security that Ethereum has. It offers low transaction costs, which has been a main complaint for Ethereum for a long time. That's why these layer 2 arise in the first place. supports higher transaction throughput and preserves compatibility with Ethereum applications and tooling. So you get all the best of development with Ethereum, but you get the low fees and things like that. Highly important. Yep. Just turned 25. You nailed it, bud. [laughter] That's hilarious. So the complete product right we have arbitrum 1 the layer 2 solution nitro technology which you may or may have never actually heard of before and a dedicated chain specialized environments for specialized applications. 478 million transactions in 2026. It says H1. I think it means quarter

one. Do anybody know what H1 stands for? I think that that is a typo. So, this remarkable figure demonstrates substantial network usage and the ongoing adoption of Arbitum's ecosystem within the decentralized finance landscape during the first half of 2026. So, what do we really care about here? 478 million transactions is a lot of transactions as far as believing that it's useful and people actually like it and want to use it, right? 70 billion average monthly stable coin transfer volume is that's a lot of money. Uh so value is flowing in the ecosystem. That's what we're starting to set up here. And then how much of that can be captured by the ecosystem to flow through different mechanics like buybacks and burns and things like that into the coin. But we have the Dow kind of in the middle of

all of that. And what does that really mean? That's the point of these type of deep dives. We're going to get to that in a moment. So, hold that thought. So, stable coin transfer volume shows that the network is used as a financial infrastructure validating that arbitum product without uh necessitating users to hold ARB. Right? So, we're saying it's valuable, people are using it. It's a financial infrastructure that flows 70 billion. But ARB the token is not really in the midst of that value flow. And that is important and we'll come back to [music] that in a minute. It means the first half of the year. That's what I thought because that's what it had said earlier. So product success, right? It was talking about the first half of 2026. So useful infrastructure. Hey, I learn something new every

day just like you guys. I appreciate everybody being here. Smash that like button. Consider a membership. Glad to give you guys no ads. So those memberships make up for that. All right. So, first of all, we have useful infrastructure. And mind you that this is a very different layout of how I normally am used to reading it. So, I'm not improvising, but I am having to adjust a little bit here myself. So, I appreciate everybody bearing with me as we get through the the core of this information. So, users find the infrastructure genuinely beneficial. That part, I think, goes without much question. Developer adoption. developers are eager to build applications with that much money flowing through. You build an application, you have fees built in, bang, that could be a a nice, you know, cash cow if you're a

developer and you're looking to get into that ecosystem. Cuz if I was going to build an application as a developer, I'd want to be where the money is flowing because that's where the fees are going to generate substantial revenue. Financial scale. Applications can operate at meaningful levels. So scalability is not a problem with arbitrum. It's kind of scalability is what layer twos are all about, but that's probably a breakdown for another time. We've been over layer 2. Check out my previous videos. I have videos on all kinds of different topics as we raise your crypto IQ, which is one of the main things that this channel is trying to do is educate people. So hopefully, if you're here tonight, you value education and uh we're hoping that you will become a better speculator in the market. Even if I'm

not giving you any financial advice, I'm not telling you what to buy, where to move your money, all of that kind of stuff, but understanding if a token captures a lot of value out of its ecosystem, I think is the most high value thing we could do right now as it looks like definitely looks like right now it's a good chance we had found the bottom and now we're going to move into more bearish times in a bare market or sorry, a bull times and bull market. I hate when I mess that up. what product success does not prove. So just because the product arbitrum is highly successful, it doesn't prove anything about company shares, right? ARB is not an equivalent to company shares. I always have that in there because traditional investors, traditionally minded people who come from

the world of stocks, they might not even stop to question. They might assume that there's some kind of company share or some kind of ownership of the actual company. That is not what a crypto token offers you. Offchain Labs claim, right? So, holding Arbitum, the token, does not significantly claim anything on off-chain labs. Off-chain labs is the developer lab behind Arbitum. Robin Hood claim, this is newer information. And this is where we might start getting into some stuff you don't know even if you feel like you know a lot about arbitrum because this is more recent things that have come into their ecosystem. Right? So ARB the token does not equate to a claim on Robin Hood. Right? We're just getting these out of the way so everybody's on the same page or guarantee guaranteed revenue. Right? So when

arbitrum makes money and that money flows into the Dow that doesn't mean that it's flowing into the token. So let's follow the money because that's exactly what that sets us up for. So understanding the financial flow, income flow. So the flow of income starts with user activity because a lot of revenue is fees and the dedicated chain. So that generates transactions. So users come in, they use the product that generates transactions as they do things. We have time boost and license income for arbitum dow treasury. And we're going to explain that a little bit more here in a minute. The governance implications is while income is generated, it does not automatically distribute to individual ARB holders. Emphasizing the need to understand governance structure within the ecosystem is highly important where value actually enters. So where is the value actually

coming in as far as money? transaction fees first and foremost and understanding a lot of products. This will translate into a lot of other layer 2 products or a lot of products that are heavily financial. You'll find a lot of similarities here. All right, we're caught up on the chat. >> [clears throat] >> So, arbitrum one users pay transaction fees in Ethereum facilitating seamless network operations and ensuring that users contribute to the ecosystem financial sustainability license revenue. Right? So, dedicated arbitum chains generate license revenue providing an additional income stream that supports the platform's growth and development while enhancing its overall value proposition. So that's another way that it's capturing value. Transactionordering income. The time boost feature can create transaction ordering income. Not to go into how a blockchain works and a memp pool and all of these different things.

We'll spare you that for today, but there is an order to transactions and them being finalized on the chain. So that is optimizing the efficiency of transactions and enabling users to benefit from prioritized processing within the network. Basically saying when you have a transaction, this is the best way I can explain this, right? You have a transaction on the blockchain. You have hit a proposal. That's what comes up in your wallet that you sign and approve. You're you're not signing [music] the actual final thing. You're signing the proposal and putting it on the ecosystem. validators come in and they grab those, right? And a lot of times on a lot of chains, the amount of fee that you're willing to pay kind of depends on how fast your transaction gets through. That's what we call throughput. [music] So, this

has a time boost where you can basically pay a little bit more and get first priority. Think of it like you're in line at a grocery store. Imagine if you could be like, "Hey, I'll pay 10 bucks to go to the front of the line." And everybody else who's not willing to pay, they wait until they get their turn. And if more people keep coming and paying to go to the front of the line, those people stay in the back of the line. That is what ordering uh time boost is all about. So these are the three main ways that value enters the ecosystem. Basically money made, right? To make it simple, that's how the money flows in. So what does ARB the token actually control? What does it actually do? cuz we just talked a lot about what

it doesn't give you right to, what it doesn't do, and how the money doesn't necessarily flow directly from the ecosystem to the coin itself. One, protocol upgrades. ARB has a lot of governance features. So, if you're say you were highly invested, you have a ton of money, say you have like a half a billion dollars in arbitrum, well then you would be very concerned about governance. Maybe if you hold a hundred bucks, you're not going to interact with governance. And that's kind of how governance works in a nutshell, right? So, arbitrum, the token influences essential protocol improvements. Treasury allocation, basically the money that comes into the treasury. We've already distinguished that there's four main revenue streams out of the ecosystem into the DAO, decentralized autonomous organization, a fancy word for like a government, a digital government that governs the

entire ecosystem and protocol. So having some say in where that money goes like buybacks or burns if those are proposed. The way a Dow works is things are proposed and then they're voted on and then they're finalized. What passes? So ARB the token guides financial resource distribution by being a part of that ecosystem incentives, right? ARB the token determines developer and user benefits. So also they could decide what developers get money to build things. So that gives some control over what's being built because if they say, "Hey, this guy had an idea, but we're not going to give him any money." Well, then he's probably not going to develop and it could be a person, it could be a group of people or a company, but they're not going to build or you give them money and they do

build. So, you do have some control. Governance can be highly important, but for the average person buying a token, that's not really what they're looking for, right? They're not looking for a second time, you know, a part-time job being part of governance. They want to buy the token and make some money. That's why there's so much value in what we're doing right here. All right. So, the missing link understanding arbitum the tokens value capture challenge. No transaction fees are being captured. Right. ARB holders do not receive fees directly. A lack of income. Time boost income is not distributed to the holders. Missing royalties. So, license revenue does not benefit arbitum holders. And no buyback. As far as we know, treasury returns and buybacks are not automatic. They may do them at certain times, but they don't have like a

smart contract that just automatically does it like [clears throat] we've seen with other projects. So, right here, we're telling you what the missing link is and why the value is not going directly into Arbitum the coin. The staking nuisance, right? So, let's break this down for you because say you own some arbitrum and you're going to stake it. Maybe that's how you want to capture some value. staking framework. The arbitum DAO staking framework aims to enhance governance participation, not money made, enabling token holders to engage more actively without immediate fee distribution being activated. future decisions. Well, the framework allows the DAO to determine future funding, revenue, resources or sources, right, and reward distribution, emphasizing that potential value capture remains uncertain until officially activated. So, of course, through the governance, you could have tons of value capture, but at this

moment, you don't have that. So value capture arbitum the token has more than narrative value. It's government governance. I was going to say government but that's the same thing. Economically meaningful infrastructure a substantial treasury protocol upgrades and multiple Dow income sources. So the DAO is doing very well as far as we know right future value distribution decision. So it's like you have the ecosystem it's producing revenue that revenue is going to the DAO. This is the follow the money right in that DAO. Now the next step is to get the value from the DAO to the token for the token holders to actually [music] see any meaningful increase in value or money made. Right? So governance control is indirect value capture. Right? weaker than mandatory token usage or automatic burns, buybacks, and active fee distribution. Those are the things

that we're commonly looking for for value capture is automatic burns, buybacks, and activity fee distribution that are maybe governed in a smart contract that happen automatically without a vote, without a proposal. They just happen. 1.5 billion current market capitalization. This is the market value assigned to ARB token currently. That's the market cap, right? Market capitalization, fancy word, market cap. So, the current ARB supply uh classified as circulating, reflecting investor confidence and market dynamic within the broader crypto landscape. Hopefully, the wording doesn't go over people's heads, right? So much info. Got to love learning new things. People are missing out. Yeah, this type of stuff is what everybody's going to wish that they would known after they probably mess up their investing because they didn't know if the token they were buying had any true token value capture, which is

capturing value for the token. If you say it backwards, a lot of times it'll make more sense. At least that's what I've found. When somebody says something to you, especially in the English language, if you say [music] the sentence backwards, you'll actually understand it better. It's a weird phenomenon. Anyways, not going down that tangent. So, what the supply ratio actually means the positive interpretation here is that investors and team dilution period is nearing the end [music] which may lead to greater stability and potential for value appreciation in the arbitum token. Basically, a lot of it has been coming out for investors [music] in the team that dilutes the circulating supply and makes it hard for it to grow in value because there's more tokens being divi. There's more you have market cap and that is divided by how many

tokens. So, if you have more tokens, you're dividing the amount of money more per token. But the more that's more bullish, right? But the more bearish here is that a meaningful quantity of ARB token remains outside reported circulation, meaning it's not out yet, right? Primarily held by the Treasury, so we know where it is at least, which could introduce selling pressure in future market conditions. Remember, a treasury can sell tokens if they believe they need to raise money for something. Say they get this, you know, big brain idea that they're going to build something amazing and they need the money to do it. They very easily could sell those arbitum tokens. That could be. I'm not saying that's happening, right? I'm not saying that that's immediately gonna happen, but it is something that could [music] happen. Blues Guy says,

"Arb and Flare ecosystem. Let's go." Yes, Blues Guy loves his flare and flare ecosystem, and I'm very hopeful about it. I hold some flare. Let's go. So, the next original unlock. So, let's talk about some unlock dates because that is new stuff coming into the supply to basically be divided amongst the market cap. So, the next original unlock is scheduled for October 16th, 2026. That's not too far off. Releasing 92.6 million Arbitum tokens, which represents about close to 1% of the total supply. Who gets them though? Well, recipients of this release include investors, team members, and future team members. So it'll be maybe put aside and advisors each potentially holding different cost basis meaning when they got in at and how much money they've made and incentive in the market right so all these different people from investors to

team members they all have different things going on and feel differently about the token so what category of those people investors team members [music] advisors are going to want to sell the token is going to be different for each different group investing endpoint overview you and hopefully the wording doesn't scare you guys. This stuff is really not that uh complicated, but sometimes we use big words and that might scare you away. So, I'm telling you, lock in and hold in tight. You will you have the ability to understand this stuff. All right, so the original vesting schedule concludes in March 2027, which is not that far away, signaling an important milestone for ARB holders and reducing ongoing vest dilution. So, new tokens coming out. Future things to consider. Despite the conclusion, future Treasury grants, incentive spending, and governance approved

distribution may continue potentially influencing market dynamics and value capture strategy. So, the way that I understand this is that [music] the Dow is holding a lot of tokens and the Dow has a treasury associated with it. That's where the tokens actually are. Okay? So, it can continue to use those tokens and bring them into supply. What are our concerns about the supply? Well, treasury spending is a supp is is a concern. It is a supply, too. But it's also a concern. Sorry, I'm misspeaking here. I need to drink something. All right. Blues guy is giving us the connection here. Crosschain liquidity for flare integrated Stargate v2 is connecting flare with more than 25 chain uh which includes arbitum USDTO it's it operates on both arbitum and flare using layer zero omni chain technology and flare specifically says users can

transfer USDTO between arbitum and flare typically in roughly 30 seconds that's integration that's interoperability So there you go. Thank you for that information. Uh shout out to our wonderful mods here on the channel. So treasury spending can create additional market supply impacting the overall availability of ARB the token and potentially influencing market dynamics negatively. Right? Grant recipients have the ability to sell distributed ARB. Right? So if they give a grant, they give it to them. They sell it maybe to fund whatever they're doing. That's still more tokens coming into the supply and dilution value for existing holders posing a risk of price stability and governance actions. Governance can authorize new incentives that may lead to future dilution or change in supply dynamics creating uncertainty for current holders regarding future value capture. How to read valuation? Right. Supports for value.

Am I going too fast? Look at that. CCP rolling in. Welcome in. Welcome in. So, the market values ARB at approximately 1.5 billion based on governance over infrastructure, DAO income control, and the expectations of future ecosystem growth. There's a lot of metrics and things that go into like a value that is given, right? So, 1.5 billion right now is mostly based off of governance infrastructure or governance over the actual infrastructure. Hopefully that makes sense. Limitations of analysis. Despite the perceived value, arb the token holders lack guaranteed claims on Dowo income, which is a problem because you would like guarantees and not this may happen, this may not happen. Marketing traditional prices comparison inappropriate and non-comparable to stock valuation. There's no stock. All right. The company owns the Dow and so forth. you're hoping kind of carrot on a stick

for that to somehow wind up in Arbitum the token competitive moat. If you don't understand the language around a moat, it just means arbitum's ability to push back its competitors, win against its competitors, and be relevant and chosen over its competitors, right? Well, the first thing is it's in the Ethereum ecosystem, which is good because it benefits from the security and all of the fact that most of the development and most of the money is rolling through Ethereum's ecosystem. So, that's very beneficial for Arbitum. Arbitum benefits from mature Ethereum aligned ecosystem, right? I think Ethereum's probably a little bit more aligned and trusted by big institutions and big money than say Avalanche, right? Not saying that they won't put money there, but how much money they'll put or move through it drastically changes on their confidence level. So that

it has going for it and that provides a robust interoperability and solid foundation for decentralized applications enhancing users trust as I was just pointing out and engagement across the platform. DeFi liquidity. Big money cares about liquidity. The platform boasts deep liquidity which attracts significant trading volume and fostering a thriving environment for innovation of financial products ensuring that users have ample opportunities for investment. Again, just to reinstate here, if you have a lot of money, you're not going to operate in places where liquidity is thin because that puts your that puts your money at risk and you're just not going to do that if you're a hedge fund, Black Rockck, any of these big players. Even banks are considered institutions. Don't forget that. Arbitum, of course, has proven technology. That's very important because Arbitum utilizes proven Nitro technology to put

a name to it which enhances transaction speed, efficiency and provides a seamless experience for users while maintaining security and scalability in all of its operations. Of course, having a good user experience is super important especially for people with really big money. Dowont controlled assets, right? The governance model includes DAO controlled income and treasury assets allowing decentralized decision and the making of those decisions to the community involvement in financial management aka what a DAO is a decentralized autonomous organization strengthening the platform's resilience and adoption. So here we go we give you some metrics we got 1.4 4 billion in total value locked, 6.1 billion base defy total value locked, and 1.6 million arbitum daily transaction. That stacks up to be a lot of transactions and a lot of value flowing and also being locked up into different applications and places

inside the arbitum ecosystem. That's good for confidence, right? That's good for being confident that the money is there. It's not going to disappear overnight. It's not thin liquidity. It's not a small amount of money. If you have, I don't know, say $50 million moving, then you want to know that. You want to be highly confident that it's going to move like when you tell it to move and not tell you like, "Hey, sorry. I know you want to move 50 million, but we got you on four." That's not going to work for big investors and institutions. You guys are hilarious in the chat. All right, arbitum differentiations, right? So, we got sophisticated financial applications, derivative infrastructure. This is the stuff that's actually going on on arbitum for me to simplify it. Tokenized real world assets, DAO directed governance, enterprise

chain licensing. Licensing is something that arbitum has that is at least worded different than other ecosystems, right? And of course, customizable blockchain environments. If you're building on Arbitum, that's highly important. It kind of reminds me of that customizability that we saw on Avalanche as well. And I tell you that there is a compounding nature here to all the different token autopsies we do. [music] I'm learning a ton about how ecosystems work and what is exactly valuable. And there's a big difference between being a cheerleader for a wonderful ecosystem and also believing that the token is going to acrue or gain any value in its market cap. And I think that alone makes people a better speculator in the market. Hence to why we do this and try to raise that crypto IQ. Smash that like button for me. But

at the same time, some people are not built to learn. Some people have beliefs that limit them from learning. Right? So, we want to be people that believe that we are able to retain information that believe that we can because if that scarcity comes into your mind, you're going to believe you can't learn and then maybe you make poor decisions. I don't know. I'm not here for financial advice, but the research is clear and the research is here. So, I appreciate everybody being here and taking this journey with me. As I always say, I would be here deep diving this stuff even if I wasn't live on YouTube. I was before I was live on YouTube and I spent so much time on it that I was like I kind of need to do something [music] with how much

time I'm spending on that. And on top of that, I would love to have a community to share this stuff with [music] and and lock in and research and learn. We can all lean on each other. It's a big part of what I'm building. And that community pretty much lives in Discord. So, there's a link to the Discord down in the chat. Of course, it's in the description and stuff like that, but it's linked down in the chat. Go ahead and hit that Discord link and come over there and hang out with us when we are not live streaming. There's tons of tabs, tons of different places to hang out. If there is not a tab to represent what you like and what you want to talk about, just let me know in the main hangout or message me.

Either way, I will do my best to make sure there's a place for every single person in crypto and what they like, making us hopefully one of the most well-rounded crypto communities uh up and coming, I guess, because we're still building, right? So, competitive mode, right? What's going on in this chat? So, Blue Sky says Arbitum's main goal is to make Ethereum faster, cheaper, and able to handle far more activity without giving up Ethereum security. In 2026, it described itself as infrastructure for a programmable economy. And that's huge, says Blue Sky. I agree with you. And I think it's actually a really good point in this part, I should say, to stop and and explain something. Yes, we're doing a token autopsy. Yes, we're going to give it a score based on how well we believe Arbitum's ecosystem is

capturing value for the token. It's not meant to be against Arbitum token if we decide that it doesn't score well because nobody promised us that every single token in crypto main function was to put money in our pocket. Arbitum the token might have been created purely as a governance token. Now, watching this token autopsy, you're going to know that. So, maybe you decide, hey, that's not really where I'd like to park my money. That's on you, right? No financial advice. That's your own decision. And you shouldn't do what somebody on YouTube tells you to do anyways. I think that's silly, right? That they want to blame YouTubers anyways. Everybody should be responsible for what they do. My main point here is that a lot of times I think people get caught up on, oh, great project, it's going to

be a great token. And that's all the research they do. That's it. It's over. They go buy the token. They got it bought before they can finish the sentence. And now they're going, "Look at my portfolio." And they're also sitting around time later, years later, whatever, and going like, "Why isn't my portfolio performing? Why isn't it moving?" Well, because you didn't do any research on if there was any value being captured by the token. You just saw a token associated with a cool project. That must mean money. I'm thinking, and in my experience, we're going to have to dig a little bit deeper than that surface value. Because if that's how we speculate, no wonder why sometimes our portfolios are not performing. And I have been certainly guilty of that in my past. Everybody has a beginning to coming

into cryptocurrency asset class, right? And so sometimes you got to learn the hard way before you can wise up. The problem is people get intimidated. That's why I like to show up on here, read this stuff to you, stop, explain things, and really try to make it chewable so that you could really break it down and consume this information. Hopefully, I'm doing a good job. Smash that like button. I absolutely appreciate it. Arbitum is a layer two on Ethereum. Yes, absolutely. CCP. All right, let's talk about its competitive mode. defensible ecosystem. Arbitum maintains a sustainable competitive advantage. So that is how it's going to win out over its competitors, right? Retention of key assets, right? Developers and liquidity are essential for growth. So you want to keep them in the ecosystem and hope that they're not in too many

other places. So people have to come to your ecosystem if they want to interact with them. Continued innovation [music] and any technology, but of course blockchain technology. absolutely a mustave. If you stop innovating, you're done. All right? That's why like for example, when we look at other like things like a game or something like that, if they quit growing, they're done. They're cooked at that point. So, continued innovation is a must and they got that, right? Adapting to market needs, ensuring long-term success. I'm sure they have a large team because arbitum is not a small product and we've seen tons of money moving [music] through it, right? 11.7 billion total value is secured. We have stage one, the layer 2 beat classification and significant assets, right? Significant assets depend on arbitum contracts. I'm really loving this uh this layout

more than just going over it on uh where I organized my notes in chat GBT. Certainly that's highly functional, but this is so much more fun to read to you guys. And I have to make sure that my head is not blocking stuff. I haven't been doing that. Let me know if my head is in the way. I can always uh turn off my webcam for a minute. Positive security evidence. So, now we're moving on to security. Away from the moat, its ability against its competitors to win out. Now, we're going to get into security and decentralization. Security first. So, transaction data transparency. Transaction data is published on Ethereum for visibility. Fraud proofs are active to ensure network integrity. Anyone can propose state roots for decentralized benefits. [music] Proposals of state roots. That's highly important. That might be a

little technical. Don't worry. Transaction force cap uh compatibility, right? Users can force transactions through the Ethereum network if they need to. So, the system passes L2 beats walk away test successfully. So, this is something new that is coming out cuz if it was in a test and it successfully was tested, then that must be something new that's coming down the pipeline. I don't claim to have all the information on that. There is so much information to every ecosystem, every project. They're innovating. They're coming up with their own terms for their own, you know, different technologies that they are expanding upon or building. It's a lot to stay on top of every single thing, but I'm doing my best to do that for you guys. Permissionless validation, right? So, permissionless validation is supported for enhanced security. Remaining assumptions here. I

assume security assumptions. Normal sequency remains centralized posing a risk. So, there is centralization here. Transaction delays. Force transaction inclusion can be delayed unexpectedly. [music] So, we're telling you where some of the snakes in the garden are, where some of the risks are. So, sequencer influence. A sequencer can influence transaction ordering outcome. [music] A sequencer is putting the transaction in some kind of order. And we talked about the time boost. So, you can pay a little extra to get ahead of everybody. And the sequencer has to keep track of that. So that will definitely influence the outcome on the main chain as things are finalized, aka finality. There's all these little words that you have to learn definitions of, but once you do, you'll realize that the concept behind them are simple. Finality, right? Don't be scared of that. Finality

means done. Is that hard to I don't think that that anybody is going to find finality means done hard to understand. All right. Upgradeable contracts. I love to go off on a tangent and sometimes I feel like it helps people understand stuff. So, I don't want to do no tangents. I just want to do them where they're valuable. All right. So, upgradeable contract. I was about to go off on another tangent about upgradeable contracts, but I'll save that. So, contracts remain upgradeable introducing credential vulnerabilities. I guess I'll go ahead and break that down. So, you have like locked smart contracts that are they're written, they're done. Can't mess with them, right? Upgradeable contracts are the opposite of that. They're kind of open-ended. Somebody has the ability or the keys to go into that smart contract and change things. That

is a vulnerability. That's a risk. That's a point of uh manipulation that could happen and we see crazy things happen all the time in crypto. So just leave that on the table. There are emergency powers. So the security council has emergency powers to intervene. Meaning if something happens, they can pause the blockchain. they could or the layer 2, right? They're not going to pause Ethereum, but they might pause Arbitum and that is of course going to generate headlines. It's going to generate news. Stuff like that hurts value. And then of course a user exit window. Emergency upgrades do not provide a user exit option. [music] So you're in it. If you own Arbitum, you own Arbitum, right? If something crazy happens, your value may you I don't know, you run and sell, you do whatever you do, but it

can affect you. Absolutely. As you should know, Arbitum has some in well what I meant to say is you should know Robin Hood chain is new, right? It's a much newer chain inside of crypto and arbitum is not sleeping on it. So, it's going to get some integration, [clears throat] excuse me, which of course is another place for revenue and Robin Hood right now is hot. So expanding arbitum economic opportunities into Robin Hood is a really cool idea for money flowing into the DAO, not necessarily the token. Robin Hood chain transforms arbitrum technology into a versatile licensing solution, allowing for potential income generation from various chains that leverage its software beyond traditional layer 2 models. Now, in the future, I'm going to try to make sure that the font is much bigger on these slides. Uh, I don't know

if it's hard to read, but it definitely looks awesome. It looks way cooler than our regular notes here. So, we've we've said that there's four diverse revenue streams for the Dow, not Arbitum, the token, the Dow. It's in the middle. You have the ecosystem and then the Dow and then the token. So, 100% financial uh resilience is achieved, they say. And 7 million total transaction volume. I don't know what time frame that's in. Maybe that's on Robin Hood, right? All right. Again, um this is my first day doing this type of slide, so there's some things that I kind of have [music] to work on, but it'll get better and better as we go. We are an upcoming channel. Please smash that like button there. There. Yeah. Uh probably a lot of insiders remember I mean do we consider

the Dow treasury to be insider I mean I guess they would be right so let's talk about some road mapap for arbitum right so zk proof settlement not going to do it I want to go on a tangent about optimistic rollups or proofs versus zero knowledge proof just understand that we have evolved in crypto or we're using both at the same time in some applications from optimistic proofs to zero knowledge proofs which are much better. So this feature enhances transaction security efficiency allowing arbitum to process transactions with zero knowledge proofs making it attractive for institutions requiring confidentiality and compliance. They don't want to be optimistic that the stuff going on on chain is legit. They want to have knowledge that it is absolutely legitimate. compliance tooling, compliance becomes a big deal in a lot of projects because as we

move into a real regulatory framework, if we ever get anything approved, if we ever get any clarity, hence the Clarity Act here in America, but they're going to want to make sure that there's lots of tooling and things for the developers and stuff to make sure everything is on the up and up because they don't want to be exposed to something that gets in a bunch of trouble, winds up [music] in the SEC lawsuit, bad press, and just performs terribly because of it. So compliance tools will facilitate regulatory adherence and that's pretty much all you need to know about that configurable uh confidentiality. So arbitum technology allows for customizable privacy. I mean look at Zcash. Look at these privacy coins. Privacy is a big deal. It's a big niche category. However you want to look at it in crypto.

Arbitum has that. But again we are talking about arbitum the product not the coin. giving users control over their transaction details, which is crucial for enterprise dealing with sensitive information. Remember, when big people move big money, other big people with big money are watching and they may try to take advantage. So, if they can be private, well, then that makes them far more likely to execute capital, put money into things, if they can not have everybody know what they're doing, right? Because people will take advantage if they know that you're putting a bunch of they might go short you, right? They might create a bunch of sell pressure just to mess you up. Dynamic fee pricing, right? Implementing dynamic fee structures may optimize users costs. Basically, all you need to know is you're getting the best price when you

have dynamic fee pricing, [music] right? Whether it's for your fees, you can have optimized stuff for, you know, getting the best price, aka less slippage, all of these different things. CCV says, "How private is Zcass? Isn't Monero better at privacy or no? That's a really good question actually. I mean, I know Zcash is all about privacy. I haven't done a token autopsy and a breakdown of the product of Monero or the product of Zcash. It's really interesting because in the last cycle and without regulation or regulatory clarity, everybody was really worried about privacy stuff that you know the SEC might come after those projects that they would get banned, maybe they get treated like tornado cash at some point and people were very weary of it. Now with what we have going on, current administration and the current stance

towards crypto in America, people feel a lot more confident and they definitely definitely want their privacy in today's world. But how they stack up against each other, Zcash and Monero, not exactly sure. So look forward to those token autopsies. I hope you come check those out when we do them. All right, economic demand. So we're talking about risk. Users do not need ARB for gas. That's usually in an ecosystem, the token being used for gas is like one of the main utilities that you look for because if you're in an ecosystem where the token associated with the ecosystem is used for gas utility, well then I need to buy some. I need to have some. I need to hold some, right? That's good for money coming into the market cap. when that isn't the case which it's not for

arbitum ecosystem GA gas is paid in Ethereum that limited that limits the mandatory demand right and so that's not a positive that's a negative [music] network growth right network growth does not automatically create any demand for the arbitum token not trying to all over the token in any way shape or form but we got to say the facts as we know them DAO income we know that there's revenue for the DAO But the Dow income is not automatically distributed to holders in any way, shape or form. [music] And supply me uh management. Treasury spending can introduce additional supply. We have found out that the DAO, which controls the Treasury, so you can almost lump the Dow and the Treasury together. Uh they hold a lot of tokens that are considered non-irculating tokens. Who knows what they're going to do?

Like I said, they could get a bigrained idea that they're going to come out with some kind of new product. First, they'll have to develop it and they could sell those tokens on the market to come up with that money. Not a positive if you own the token. Governance risk, of course, strategic flexibility. A large treasury can create strategic flexibility, but also introduce spending risk and political disagreements in fighting inside of that governance can be a problem and that can affect the its effective the governance effectiveness right on overall all market participation. It can generate a bunch of bad press. That is certainly a risk. And then of course there's the challenges. Concentration of governance authority can lead to delegate concentration which means people in the governance can have too much power [music] and too much say about what's

going on and they might not vote for what you would like to see happen as somebody holding on to arbitrum. So let's talk about the bullis the strongest bullcase right. Well, evolving platform Arbitum is transitioning from a single layer 2 solution into a diverse blockchain platform. We want to see that happen. If you hold arbitrum, enhancing its market position and creating opportunity for further development and growth, governance value while ARB governance uh a revenue generating rollup and a rollup is what the layer 2 actually is. The potential to influence significant economic outcomes positioned around arbitum the token as a key player is an evolving blockchain landscape. So it's always on the move. There's always so many things going on. Meaning whatever you're looking at as a picture of how good it is today can change drastically in a month

or six months or a year or whatever. Um Dowo income continues to expand. control over that income could prove sub uh increasingly valuable to ARB the token but that's just a hope and a dream and a wish we don't see any of that yet and we don't have a lot of value mechanics right like buybacks and burns and stuff like that the strongest bare case for arbitum which I have a feeling is going to be a very strong case limited arbitrum value or value capture for the token arbitum success may primarily benefit users and applications s leaving arbitum the token with limited share of that value created around the platform implementing its overall demand again I said this earlier a token is not a promise a value out of the ecosystem it's one of the number one things that

I have realized in the last couple of months or weeks of doing these token autopsies that I I really want my audience people watching me to really understand who told us that every token is going to do well because the ecosystem or the product is doing well. Nobody said that. It's almost like we jump to a conclusion. I think this is I'm I'm looking for a really quick and easy way to say this. We jump to that conclusion that that token should do well because the product does well. We did that. We can't necessarily turn around and blame Arbitum for the conclusions that we've drawn. I'm going to work on coming up with a quick and easy uh clear way to say that for people, but I mean it is so important if you're looking at building a portfolio

or looking at what you have in your portfolio. Yeah. Yep. The chat you guys you guys are paying attention. I love to see that. So infrastructure benefits this is strongest bare case type stuff, right? Enterprises enterprises enterprises that's a weird way to say it may gain from customized infrastructure while ETH could see increase in demand through gas and settlement further [music] reducing ar the tokens direct economic advantage within the ecosystem if there really even is any right and then of course treasury allocation the arbitum Dow treasury could experience growth yet the actual benefit for the token holders is basically nothing now that we have said all of that I feel like that middle ground. The middle ground that I'm always looking for here in our token autopsy would not be complete without a counterargument. But sometimes, and in this

situation, it might be a little bit of a reach. But it does tell you what we need to be looking for for things to change for arbitum. The bearish analysis may undervalue governance, right? Control over a growing treasury and critical infrastructure can provide significant economic value and influence on future decisions. Future incentives. Arbitum governance could eventually approve staking incentives and fee distribution. That's a hope and a wish, but it could happen which would enhance its attractiveness and function as valuable asset. Value mechanics, right? Possible future mechanics like bowbacks and treasury diversification burns could create an additional value capture reinforcing Arbitum's strategic importance in evolving blockchain landscape. What does this really mean? Look to see if any news comes out around arbitum basically doing any buybacks and then is there going to be any kind of burn because a buyback

doesn't equal deflation. It just means they're buying tokens off of the open market. You still got to know what the heck they're going to do with those tokens. Transferable lesson, right? It's a lot of slides generated here. Let's see what I'm looking for. I'm used to my regular notes and having them all made into slides is somewhat confusing, but we'll get better and better at this. So, we've given it a 69 out of 100. Remember, you need a 80 in our system and we need an 80 for a pass, right? Bullish highlights user. So what is bullish about it? Users liquidity, adoption, credibility, the bearish side of things, gas requirement, value generation for the token, network benefits, and token connection doesn't seem to be much. Arbitum seems the token seems to be a governance token. And that's that's kind

of that. [clears throat] So, so far, here's our breakdown. Kind of scanning through these because I'm not exactly sure how much I need to look at those. All right, so back to Arbitum on Coin Gecko. I don't know why why Coin Gecko always breaks in the background and needs to be reloaded and all of this different stuff. if I'm not sure. So, let's look at the uh crypto bubbles. 333. What's up, Chris Goss? Thank you for being here, fellow lifer. Oh, look at this. Memecor is down a little bit. It went to a$154 and it's back to a$140 while everything else is pumping. Yeah, we got to keep a close eye on what is not pumping and what is pulling back. I mean, Zcash has been on a crazy tear, so it's not crazy that it's pulling back. It

was as high as 1566 bucks. It's pulled back a little less than $100. Not crazy for something that's been that hot. All right, let me go through my notes a little bit in the background so I can get to what I'm looking for because I want to go over a little bit more the breakdown of the score that we've given it. All right, here we are. Let me bring this over to you guys so you can see it. Again, a little bit of a different stream tonight as we try to do cool stuff, make the stream better for the viewers. You you have some things you got to work around, right? So, we gave utility and adoption an 18 out of 20. It's got the adoption, right? It has real utility. Arbitum. The product does, not the token. Token

value capture. It's like 50%. Right. I think that that's honestly a generous score. It's a 10 out of 20. And all of these notes will be eventually over on my Twitter, [music] so feel free to follow me. I'll show you guys that in a minute. Tokconomics and supply, 8 out of 15. We have competitive mode, winning out against its competitors. actually a pretty high score, a 12 out of 15. Security and decentralization, a 7 out of 10. Security is going to get a good score because it's working off of Ethereum. And decentralization even gets a little bit of a good score just because of Ethereum. Although there is some centralization going on, which is why it's missing three points. Catalyst and execution, a 9 out of 10. Things look good for the road map of Arbitum the token. And

then of course risk and unanswered questions. We have a lot of those. Most of the unanswered questions are around what is the Dow going to do with all the revenue that it's making. Can arbitum holders of the token actually get some some value, some buybacks, some burns, some kind of mechanics, something because it really feels like for the token holders, we need them to throw us a bone. And so here's the full breakdown. giving it a 69 out of 100, which I'm going to admit is better score than I really thought we were going to give it based off of the information that we went through. It's getting such a high score even though there's a low value capture because Arbitum is still an amazing product. Does that make sense? Hopefully everybody gets that. [clears throat] CCP says, "You

have a beautiful stream." I appreciate that because I work very hard every day racking my mind on how to come up with better value, better ways of presenting. I mean, you see today I took the initiative to try to get everything into a nice slide. I mean, it's 70s something slides. It's not the easiest thing to do. While I have a lot going on in other businesses to run, uh, is a lot. Let me tell you, it's a lot. So, smash that like button, subscribe to the channel, uh, join the free Discord. Trying to give as much value away for free as possible. The stream's not over. Don't run off on me. But, um, just want to make sure we covered everything. Oh, consider those memberships. Those memberships have different tiers. They start at $3. That's the the minimal

you could do for supporting this channel. And uh one of the biggest things out of this aside from learning about all of these different projects in great detail with a focus on value for the token is that leaderboard that we get when it's all done that we keep updating where you could pretty much like imagine when we have 50 token autopsies done. You're going to be able to look at that leaderboard and be like who's on top? Those are the tokens that have the best likelihood and built-in economics to capture value into their token. If you understand what's being said to you, that is high value. I I really can't think of anything more valuable to talk about right now as we might have bottomed out in crypto and people might be putting some money together to allocate or

aka speculate buy assets in this class here of cryptocurrency. What what's more valuable than that? I would love to know. So hopefully you guys enjoyed the stream tonight. We're going to take a look at some crypto bubbles. We're going to take a look at a few other things. Don't run off on me. We're going to hang out. But um let me know what your thoughts are for sure. I like as much criticism. Doesn't have to be uh stroking my ego type of criticism. All criticism is welcome. Drop that down in the chat. Even if you're watching this video later on, uh the views did seem a little low tonight. I'll see when we end the stream. I don't think that a lot of people are real excited about Arbitum. And there's a couple other things that I could say

about Arbitum. Just personally, Arbitum was really Oh, Polygon. That's the other layer, too, that I keep like I know there's another popular layer, too. Base has pretty much been kind of blowing everybody out of the water as far as like brand recognition, not just product and not just money flowing through it. Arbitum's been around a long time. It's got a lot of brand recognition, but it hasn't been exciting in a long time. If you were going to use a layer two to lower the fees on Ethereum, Arbitum's probably not the first product to come to mind, you're probably going directly to Bass. And if you don't go to Bass, you're probably going to Polygon. Feel like Arbitum's like that third down the line. I do think that they have a lot of integration with some big money and products.

[music] Like if you're a hedge fund, maybe you choose Arbitum because they have a lot of concrete provability in their in their history, right? Anyways, those are my thoughts there. I wanted to add that in there. Blues Guy says, "Great stream." Thank you very much. I appreciate it. Drop something in the chat. Struggle heart, you still with me? Melissa, you still with me? Who's still with me out there? And we'll have a little bit of fun and we'll look at some things. I drew a flag the other day over on the Trading View for BTC. And it, you know, I'm not I'm not claiming anything, but it looks like it's doing pretty well. It's kind of like a sideways cup and handle if you got that lifer vision. I've learned all of my technical analysis from the Crypto Lifer.

You got to check him out. Some cool things on the horizon uh coming out about that and him and things like that. We did an interview together and stuff that'll be out at some point. Just the utmost respect for the man. So much that I've learned from him. He's a big big big part of my uh crypto journey. Came in through like Bit Boy and his channel. He was the hottest thing out there on crypto YouTube. And then of course ATB around the blockchain. If you know what that is, you've been here for a while. That's where I found Sam. So check out the Crypto Lifers channel always. I got to say it even if I have a small audience. My thought is just waiting for Moon. Hey, we are all waiting for Moon. I tell you that. Says,

"Dang, you got some knowledge, bro." I appreciate that. It's uh what I call the compounding knowledge of raising your crypto IQ every day. I got to use all of my keywords, right? All of my uh branded keywords that I put in there. Anyways, let's move along. So, just looking for some bearish div here on the 4 hour. There's a little bit for sure. And I think you're starting to see it right here with this candle, but don't think that that'll automatically mean it's going to dump, right? I wouldn't automatically mean that. We could just do exactly what we did here. Look at this. We pumped. We consolidated. And when did we decide to go for the next leg? That was when the 21 came close into price action. Another win for the lifer vision. And I'm sure the lifer

made a bunch of money on that. All right. So, what are we looking at? Well, we're looking for the same thing, the projection method where we project a pattern, which is kind of that next flag. And that flag could look like a bunch of different things, but that 21 is going to come up. So, we just want it to go sideways. [music] 21 come up. We have some time of consolidation and then you could be off to the next leg of this move. And look how quick we're moving back towards 100K for BTC. It always happens way faster than you think it would. And if you also know your parabolic moves, this is also setting up a very parabolic move. And so here's your parabolic curve. And that parabolic curve, let's change that to a different color here. What

color am I? Orange, maybe. I don't feel like orange is an easy color to see. Uh, pink's not much better. What's an easy color to see? We already got blue going on. Maybe green. There you go. I don't know that's any better. Anyways, what you would see is that if this parabolic curve is to continue, by the time this price action hits that parabolic curve off into the races, kind of the same idea as the 21, but as of that pump we were looking at here, you got a nice like 8% pump. That's pretty good for Bitcoin. little bit of leverage money. Anyways, I just wanted to point that out that we were looking at that yesterday. Let's go back to the crypto bubbles. I don't know why I feel like my energy is off. I need to be

more hype, right? Y'all y'all want me to be super hype. I mean, the market's super hype. I know what it is. is that I usually take like an hour to an hour and a half, if not two, to rest before the stream so I can recuperate from the whole day. I didn't do that today. Uh I don't know if you guys know about Grockbot. I've been working with Grobot Grockbots and setting them up and all these different type of things. It's taking a lot of time and energy. So I think maybe by the time I got to the stream today, I was I was a little tired. Sorry. I just talk out loud whatever comes to my mind. If you're going to talk online for hours, you kind of have to do that. Hilarious. He says the difference between

Let's Moon fellas versus Let's Moon fellas. I still put a pause there. All right. I tried. I tried. So, Bit Tinser, I I I'll let you know that Tao is in the lineup for token autopsy. I'm not going to tell you when it is, but we will be doing a token autopsy of Tao. And we talked a lot about projects that we liked. I mean, let's go look at this thing on the weekly. I mean, it was at $200. $213, right? Now it's at 315. That is what, like a 50% move. I guess it's technically a 35% move. I don't want to do any math right now, but on the monthly we're up almost 50%. Right from this low at 214. That makes more sense to me than a 35% move. Oh, because it's starting from up here at

$233. You have to keep in mind when you're looking at a weekly or something, it's not bottom to top. It's it wherever it was exactly a week ago. There's a lot of value in the percentages, but sometimes they can be a little bit confusing. You got to make sure you have them straight. Sweet. SU went over a dollar today. We were just looking at SU at like 68 cents not that long ago. Matter of fact, if we go to the monthly, you'll see it down here at 67078, right? So that's like right at like almost 68 cents and it just pretty much pumped straight up from there. It's up 27% on the week. Shout out to Sweet. I love some Sweet. Another coin that we will be doing a token autopsy of this week, Filecoin. I own a little

bit of Filecoin that I've held for a long time. It's not a lot. It's a little bit. And so the token autopsy for me is like, do I keep holding this or do I sell it when I get, I don't know, close to a break even or something? I I don't even remember. I bought it so long ago and I've been sitting on it and it's a small amount so it's kind of insignificant to me that um I'm not even I'm not even sure what I bought it at. Anyways, I know that this is probably a lot of stuff that you guys think too. You're like, "Man, I've held this token for forever. Do I hold it to the top of the bull market? Do I wait till I break even and then try to rotate it into something

that's going to do a lot better?" These are the things that I really feel like the token autopsy, if you watch us go through it every day, starts to build your relationship with how you look at a token and its product or its ecosystem, foundation, whatever the main ecosystem is. And I just think it's highly valuable. Anyways, I'm not necessarily talking about these crypto bubbles and but look at just how positive this is overall. 3% 3% 4% 3% 4. It's just beautiful down the line. Biggest gainer 7 to 800. What's going on here? Musebook. I don't know what that is. What is Musebook? You know what would be a really good thing to look at though? So everything is pumping. What is not pumping first? I'm going to take a look at that uh fear and greed index. It

looks high. Let's refresh. 78. Let's click on that. And then I want to go look at top gainers top losers because I want to know who's the top losers because those top losers might be great entries. So we want to take a look at that as well. Fear and greed index at 78 yesterday 70. So we're up today on sentiment in the market. Now this fear and greed index for anybody who doesn't know is not is Bitcoin pumping. [music] All right. It's sentiment in the overall market. Bitcoin just happens to control most of the sentiment. So you know you draw those conclusions as you will. Let's go to Block Works. Such a great website for data. There's so much here. I still haven't dug into every little bit of it. I feel like that would be like its own

stream every day. It's kind of crazy. Anyways, Bedrock is absolutely ripping today. 129%. Did you have that on your bingo card? Were you like Bedrock? Bedrock's just gonna pump sometime soon. Well, if you did, you sure uh had a good bet. Zcash is still up 13% today, although it's down a little under a hundred bucks. Arbitum, hey, hey, that's what we're talking about tonight. Arbitum's up 6.7%. Top losers, though. Let's see if any of those pawns XLM pawns in XLM file coin. Man, this is at the point where I I really wish I would have started these token autopsies like three months ago. So, we had like 80 to 100 coins that we had done token autopsy. We'll get there. We'll get there. But, uh they would have been highly valuable before everything ripped. File coins down a bunch

to 77. Ouch. Um pawns of course a launchpad for the Robin Hood ecosystem. That seems highly speculative, right? Because Robin Hood was hot, a lot of coins, but what happens when that dies down and capital rotates somewhere else? Because whatever's hot is almost guaranteed to not be hot forever. I mean, some things can hold up really well and not have a lot of sell pressure, but they definitely still cool off. And for most things, when they cool off, that's when they have these pullbacks. I'd be keeping an eye on that Zcash. Don't think that a lot of people aren't speculating on shortening Zcash right now. They could just be the next liquidity for the next pump, right? As you get a short squeeze, but they also could be right and make a bunch of money. You never know. And

the other one is XLM, right? XLM down 10% today to 17 cents. Could be a good buy up. When the market turns heavily bullish, I start paying a lot more attention to your 24-hour losers because they can just be temporary pullbacks. a bad news came out and then the next thing you know, a week later, they're right back to where they were. All right, guys. Let's end this on a fun note. This is Super Trip Land. [clears throat] Uh on the next gaming stream, that's probably the game that I'm going to do. We're also going to do that Salana Minor. Let's go ahead and refresh this, too. Yeah, reload. uh that Melissa's been talking about. If you want a lot of the stuff that we're talking about in the background, well, you need to join that Discord. Get a

free spin. Now, are these coins worth anything? I don't know. All right. You're earning some kind of coin. I haven't found [music] the coin on like deck screener or anything like that. I've looked. I found a couple of coins, but I'm not sure which one is the right coin. All right, we got some gloves. cuz I don't know how that helps us. Got our free item of the day. And let's hop in around real quick. Let's see if I can can get first place or if I'm going to get taken down since I'm not doing a game in stream tonight, potentially tomorrow. For anybody who doesn't know, uh my son will be born any day now. So, I'm kind of I'm still here. I'm still doing still doing my job, the token autopsy. But, uh, at the same time,

I got to know that at a moment's notice, I might have to run out the door for that. Got him. All right, we're off to a good start. I like that. I really want this red coin. But if anybody else wants to do a little bit of research and let me know if there's actually any real value here in this token. I'd definitely love to know. You always hope that they do it right. You know, you always hope that they're going to really get you some value, that people are going to like this product and want to play it, but you don't know. Then you have the speculators come in and a lot of times the speculators just want to make a dollar. They don't care about the game. They don't play games a lot of the time. And

so it's a very interesting dynamic. Can it proceed to have value and win out against the many other games? Is it real blockchain, right? Is this real blockchain game or is it just hiding in here like it's a real blockchain game? Those are more uh questions I I'd like to answer. I did reach out on Twitter to their page. No answer. Uh so if anybody from that community sees this, tell uh whoever runs the Twitter page for this to uh respond to me. I'd really appreciate a contract address that I could say, "Hey, this is, you know, the exact official coin for this." And we could really kind of get a little bit of a breakdown here. So far so good. It looks like I I might get first place. And you collect all these tokens and it acts

like uh it's on play toearn.com by the way. play toearn.com is a good place to look for real like web3 games and stuff. I don't know what they do to screen who gets on there or not, but at the same time, I don't really know if this is a real token or not. Has anybody tried this yet? It's definitely addicting. It's definitely fun to play. But what I'm really getting at here is that if there's no real token and there's no real blockchain gaming, we're going to have to shove it, right? So, if their community wants me to play this and show it to people all the time, we're going to need that contract address. Tripcoin. Okay, so at $20 that means that um whatever I was looking at is not the right token, which I had a feeling

because it was weird. The token was like in the negatives. Reliable Jay, uh have I ever told you about how reliable you are. I really appreciate you, that's for sure. Getting me that information was important because then I feel a lot more confident playing it and and telling it to everybody. $20 a token. That can't be right. Okay. So, if the trip token is $20 a token, what is the token inside the game? There's no way that the token inside the game that I'm earning 10 of 10 of, you know, per game is actually the right token because that would mean we were earning hundreds of dollars in a small session. That that's too much value. You know, when you've been around the space long enough, you almost hope that that's not the case because if it is the

case, they're giving away so much value that it's not going to hold up long term. People will suck the value right out of it. Oh man, they're ganging up on me. I just keep shooting even if they're lagging. I'm probably actually dead. Yep. Dang. Got the lags. Hey, Campa in the building. You missed the arbitum tokenopsy. Token autopsy. Tokconopsy. I like that. We'll just combine it all together. Oh, I want that red token. So, are you actually earning trip token? Tripcoin? Man, that can't be right. I mean, because that red token gave me five coins. All right. So, if that was the case, which I'm very confident that it's not, I would have just earned a hundred bucks and there's no way. Okay, we're going to have to go look that up. But the coins that I actually earn

in game, uh, are they valuable? I mean, for real blockchain gaming, you would you would think that it would need to be, but it's just too much value in my opinion. It wouldn't be a good thing. Hey, we got number one. I got one out of two. Oh, Camster, you've been playing this. Oh, you got one out of two streams. We're just playing this a little bit at the end. I wasn't planning on going long. See, that's what I'm saying. Like 21 token. No way. Absolutely no way. I heard ARB and Near are the hot tokens right now. I don't know if I would say Arbitum is the hot token right now. It's pumped a little bit, but it hasn't pumped that much. They have a way of like forcing you into another round. I'm like constantly clicking like

return to home and stuff and they're like nah you you really would like to play another round. I know you would. Where is everybody? All right. In this game sitting around hiding is mostly going to equal not earning a lot of tokens here. It would be cool if they would respond on their Twitter, but who knows? Maybe they get a lot of messages. Never really know. I know what it's like to be overwhelmed with a lot of messages. So, I got grace. I guess it's almost like a game of who lags more, me or you? That's who wins. I've never been over there. Oh, we need that red coin. That red coin is ours. Bang. All right, I'll read that in a minute. After this, I'm definitely gonna pause for a second so I can read what Reliable Jay

is putting in the chat. [cough and clears throat] All right. Lag, lag, lag, lag, lag, lag. There we go. Cooked [clears throat] them. That means that the next one should be kind of coming from over here. Oh, come on. Oh, got him. Need that health. All right. All right. O mine. >> That red token really earns you a lot. It's I almost need to do a a token autopsy of this game. That would be a cool idea to kind of include in uh the gaming streams >> is a bit of a breakdown of the value capture. It's probably not going to look real great for a lot of tokens. >> [clears throat] >> Am I just winning because I'm lagging less than them? I don't know. But I'll take it either way. Oh man, I'm like lagging on the

shooting. There we go. This seems to be the spot. Oh yeah, somebody's shooting at me. Where you at? Oh, I see him up on the roof. All right, number one again says, [clears throat and cough] "Oh no, I got one out of two hot tokens." Hopefully arbitrum's hot. I mean, I'm not going to lie, I can tell a lot about what people are interested in on the views on a stream, unless everybody just took Monday to hang out at the house and watch Netflix or something. But definitely less views it seemed like. which tells me less people saw arbitum and was like, "Oh, I I I need to check this out." All right, let's read what Reliable Jay had to say. In in-game trip coin is not a currency held or earned by picking up gold coins. Yeah. During

the matches or completing daily requests, it is used entirely inside the game. Okay. To buy cosmetic items, create Yep. Yep. Or via players. I shouldn't summarize it when I'm reading it for you guys. Looks like a cool game minus the lag. Yeah. And the lag, I mean, is that their fault? Is it? Because the lag could come from their servers. The lag could also come from uh, you know, my computer and the fact I'm streaming and all of that stuff. The trip token trading on exchanges around $20 is the ecosystems liquid asset traded on blockchain. Right. But is there any value capture? Right? So it's like a different type of dynamic where usually the ecosystem and the token but it's the game and the token. So can I if I can't earn any token playing the game then you

can't be a play to earn game. And I mean nobody promised me that it was but it was on playtoearn.com. So, you would think that there would be like some ability to do that. Send. So, you can send it to other players, but you can't like send it. Okay. So, I mean, that pretty much gives us a breakdown here that you're not going to necessarily make anything off of playing this. Let's go to quests. I wish there was like a claim all button. I mean, it's cool to buy in-game stuff, but at that point, it's just the same as any other game. >> I don't know why you would put it on play toearn.com, but I digress. I mean, they do what they want to do. It's not my website. Uh, is there a bigger quest to do here?

Achievement unlock, daily quest. Oh, we need to get some knife kills with the lag. Knife kills would be difficult to do. Crypto Secret Circle says, "Big fan of Arbitum. We're building using their stack. Arbitum Nitro." Crypto Secret Circle. Hey, thanks for coming through. Thanks for dropping a comment. Welcome to Underground Crypto. Um, we do a focus on token autopsies, the ability for a project to generate or capture real value for the token that's associated with it. So, we just did like a full arbitum breakdown. Maybe you'd be interested to watch it. Maybe you uh if you're building on Arbitum Stack, maybe you already know everything about it and that would be understandable. But either way, we'd love you to smash that like button and subscribe to the channel because we're out here doing the hard work of trying to

educate people, raise their crypto IQ, and uh get more people understanding about the more technical things inside crypto blockchain coins, their association with ecosystems, lots and lots of stuff, right? You can list your collected NFT skins on open web 3 marketplace like OpenC, right? Other players you buy them using crypto like Ethereum. Okay, so you can make money by earning NFTs and selling them on the marketplace. I mean, there is some value there. It's a little bit more difficult, I feel like. Here's a like direct integration, I guess, with a marketplace. This one's worth 356. All right. So, if you get some really cool NFTts, my p my listings sell Sell item. Let's see. Do I have any items to sell? These are on all non-sellable items. So, can you earn actual real NFTts like the good ones? Can

you earn them inside the game? That becomes the question, right? And with that, guys, I think that's pretty much all I have for you guys tonight. And I hope you guys enjoyed the stream. Again, my son will be born any day. I'm in a little bit of a slowdown, but I'll be here as absolutely much as I can. And if you want to know if we're streaming, join the Discord because that's where where I let everybody know. But unless something pops off, we will be streaming 8:30 p.m. New York time Monday through Friday. And then, of course, Saturday 1000 p.m. because we don't want to, you know, compete with the lifer stream. And I want to watch the lifer stream. on Saturday night. It gets me uh fired up to do my stream. So, you know what it is.

Stay underground. Stay crypto. I'll catch you in the next deep dive. Shrekar says, "Thanks again later, everybody." I echo that. Back to everybody. Thank you for being here. Was a lot of fun and we'll be back to the next one. Crypto Circle said, "Good stream." I'm glad that you think so, man. I appreciate that. uh you sound like somebody who's pretty knowledgeable in crypto, so I think that you would uh I think you'd like to stream, of course, and uh would really love to have you as part of the of the community. That's a big part of this channel is we want to bring in people who are highly knowledgeable and of course everybody in between. So, I appreciate being here. I'd love to chat with you sometime and hear about what you're building and stuff like that. I'm

really into all that kind of stuff. You can catch me on Twitter. You can catch me uh in the [music] in the Discord, right? or just direct message me, whatever you want to do. Stay underground, stay crypto, and I'll catch you in the next episode. Hopefully tomorrow night, unless I have a child being born. Underground crypto out.