🥛 5 tokens absorbing crazy revenues 🧽

GM. This is Milk Road, your very own crypto researcher (in newsletter form).

Here’s what we got for you today:

✍️ What to look out for
✍️ 5 tokens absorbing crazy revenues
🎙️ The Milk Road Show: Ethereum’s Bitcoin 2019 Moment Is Here w/ Avichal Garg
🍪 $1.6B of FTX payouts are about to hit

Walrus is making blockchains faster, cheaper and more secure. Click here to learn more about Walrus.

Prices as of 1:00 PM ET, provided by CoinGecko.

WHAT TO LOOK OUT FOR THIS WEEK 📆

Want this week’s price moving events, delivered at a glance?

Say no more:

1/ Macro 🌎

Here’s what’s on the books in the world of macro. 👇

Fed Chair Powell Speaks – Tuesday – We’ll (hopefully) get further insight to Jerome Powell’s current outlook on the economy
August New/Existing Home Sales data – Wednesday – How many new/existing homes were sold in August?
US Q2 2025 GDP data – Thursday – Did the US economy grow or shrink in Q2?
August PCE Inflation data – Friday – Did the cost of consumer goods go up or down last month?

The key events we’ll be watching above are: PCE data (as it’s the Fed’s preferred measure of inflation), Q2 GDP data, and Jerome Powell’s speech tomorrow (mostly to monitor his tone).

2/ Unlocks 🔓

Nothing crazy in terms of percentages here – but over the next 7 days or so, we are seeing some supply unlocks from notable names like Jupiter, Optimism and Sui. 👇

Source: Tokenomist.ai

3/ Charts 📊

The TOTAL2 (the crypto market cap, minus $BTC) recently broke out of a cup and handle pattern that had been building over a 4yr period…

(The potential peak of the breakout is measured by the depth of the cup, showing a potential for a ~74% gain in this case.)

The pattern managed to flip the resistance line into support and hold it throughout last week, but is currently trading back below the new support level (in white). 👇

Source: TradingView

We’ll be watching to see if the price can get back above the white line (maintaining support) by the time the weekly close hits on Sunday evening.

4/ Podcasts 🎙️

Tuesday: William E Quigley, co-founder of Tether – The Milk Road Show
Tuesday: Melody Wright, a specialist in macro and real estate research, gives us a wake-up call on the current state of the housing market – Milk Road Macro
Wednesday: Scott Melker (aka: The Wolf Of All Streets) – The Milk Road Show
Wednesday: Jampzey, curator of vibes / DeFi enjoyoor – Milk Road Degen

Alright – that’s everything we’re watching this week.

As always: mark your calendar and light a candle at the altar of the crypto gods. 🙏

WEB3’S PRIVACY ISSUE: FIXED 🤝

Imagine if Google made it so anyone with the right link could access your online data.

(It’d be bedlam!)

…now get this: in web3, that concept isn’t a hypothetical, it’s a reality.

Thankfully, Walrus has closed this privacy gap with the launch of Seal — a decentralized access control service.

Seal’s use cases are FAR reaching! For example:

AI marketplaces: gate access to datasets, models, and chat logs, while sharing only when needed
Gaming: reach encrypted in-game content as players reach certain milestones
Content monetization: encrypt media and unlock with pay-to-decrypt, tiered access, timed trials

Ready to super charge your web3 app?

Click here to learn more about Walrus!

COTD: 5 TOKENS SOAKING UP THE MOST ONCHAIN APP REVENUE 🧽

There’s this marketing saying that goes:

“People don’t want a quarter-inch drill bit – they want a quarter inch hole”.

The idea behind it: ask yourself what people really want from your product.

We love to track crypto apps that lead in revenue generation, as real revenue indicates real use.

…but that only scratches the surface – users and revenues are the quarter inch drill bit in this situation.

The quarter inch hole – what we really want – is for those revenues to go back into the app’s native token, boosting its price.

So here’s a month-by-month tally of the top revenue generating apps, broken down by total returns to token holders. 👇

Source: DeFiLlama

Alright, neat. Now – let’s go one further…

Here are the Top 5 ‘quarter inch holes’ in a sea of ‘quarter inch drill bits’, as of August.

(Aka: the top 5 apps ranked by total revenues returned to token holders.) 👇

Hyperliquid
Pump
Jupiter
Aerodrome
Sky

If you hold one, some, or all of these tokens: congrats! You’re getting market leading cuts of revenue from the crypto sector’s favorite onchain applications.

P.S. We currently hold two of these tokens in the Milk Road PRO All Access Portfolio – if you want to know whether they’re still a good buy at today’s prices (or if it’s too late), go PRO All Access!

BITE-SIZED COOKIES FOR THE ROAD 🍪

Solana’s price is absolutely ripping. Bookmark this page and let Milk Road keep you dialed into everything $SOL, all day, every day.

$1.6B of FTX payouts are about to hit! The 3rd wave of bankruptcy repayments are about to be handed out — let’s hope some of it goes back into crypto.

The next $PEPE is here. LG just brain dumped everything he’s learnt about $ASTER, the new perp DEX token taking over everyone’s timelines.

You show ‘em who you are Bri-guy! Brian Armstrong hits back at banks and talks fintech super app plans — DL News.

This DEX solves an actual UX issue! Milk Road Swap supports both Ethereum and Solana tokens in a single interface.