$UNI - Uniswap is praised for unifying their foundation and labs entities to properly align value accrual to token holders, addressing previous misalignment issues and doing 'the hard thing' to fix structural problems
$HYPERLIQUID - Hyperliquid is highlighted as a success story in crypto due to its buyback programs that properly accrue value to token holders
$PUMPFUN - Pump.fun is cited as a crypto success story with proper value accrual through buyback programs that benefit token holders
$MORPHO - Morpho could capitalize on Aave's missteps by properly aligning token holder interests and ensuring value accrues to the DAO rather than equity holders
Bearish:
$AXL - Axelar acquisition by Circle only benefited the labs team/IP while token holders received nothing, exemplifying problematic misalignment between equity and token value
$AAVE - Aave Labs redirected approximately $10M in annual swap fee revenue from the DAO to themselves by changing routing from Paraswap to Cowswap, extracting value from token holders
$TENSOR - Tensor was acquired with no value accruing to token holders despite previously having decent fundamentals and bullish sentiment