3 best fundamental performers in on-chain finance YTD have been 1. $SYRUP 2. $HYPE 3. $EUL None had viable CEX listings at the most attractive price points given to investors. HYPE and EUL still lack Tier 1 exchange listings. I'd argue the reason why exchanges prefer to list scams vs. high quality assets seeing demand from funds is because none of these teams were willing to give up 2.5%-10% of their supply to get listed, and that's the majority of how exchanges make money. Also interesting how none of these teams have material VC ownership, and high liquid fund ownership. This leads to less potential sell pressure, and less bad advice being given to the teams, so they can potentially focus on creating good businesses.