Token Metrics Weekly Brief – Market Pulse, Trends & Insights (July Edition)
The crypto markets remained largely subdued this past week, with minimal movement outside of a few meme tokens. While overall sentiment is still bearish following a weak June, several new and existing tokens are showing pockets of activity worth noting.
🔍 Market Overview
We’ve continued to monitor the broader market dynamics, which remain range-bound. However, meme coins have defied the broader trend, maintaining their momentum. Notably:
Gorbagana, a recent launch, GOR, gained over 50%. It’s reportedly a Solana fork with strong whale activity, yet limited publicly available data.
Useless Coin also surged significantly, gaining over 40% in 24 hours, with a fully diluted valuation exceeding $250M.
Startup and Kobach, newer tokens, are seeing unusual activity despite limited project information. These seem to be speculative plays.
While these are not endorsements, we are observing that trader behavior is currently concentrated in highly volatile meme and micro-cap assets.
📈 Technical Trends & Ratings
We reviewed our platform data, focusing on trending assets based on volume and bullish signals. Key highlights:
Hyperliquid continues to show strength. With 97% of fees allocated to buybacks and burns, its tokenomics remain robust.
Bitcoin has demonstrated relative resilience.
Maple Finance has re-emerged as a real-world asset (RWA) play, showing healthy TVL growth.
Euler Finance, which we’re currently reviewing more deeply, recently crossed $1B in TVL and is preparing to launch EulerSwap—an integrated DEX and money market innovation.
DeFi, particularly permissionless lending, appears to be in a new growth phase. We’re informally referring to this evolution as DeFi 3.0—following the innovation arcs of Uniswap (1.0) and protocol-owned liquidity (2.0). Euler and Morpho are among the platforms shaping this narrative.
Deep Dive: AI + Crypto Research
We had a chance to speak with the team behind Axon, a Cosmos-based L1 focused on decentralized AI orchestration. They are building infrastructure for collaborative AI model development and monetization through smart contracts. The platform is still early in development, but the testnet is live, and they’ve onboarded over 25,000 users through a cat image-based LLM called CatAI.
Axon’s approach seeks to unify model developers, data providers, and validators on a single permissionless layer. While we’re not taking a position at this time, we’re monitoring this space closely, alongside other decentralized AI projects such as Bittensor, SingularityNET, and Ocean Protocol.
Hidden Gems Watchlist
We also analyzed four emerging projects this week:
Maple Finance – Institutional DeFi lending platform. TVL has reached ~$2.56B, with increased adoption from structured credit users.
Gaia – Resulting from a merger of two Asia-based L1s (Klaytn and Finschia), Gaia integrates with Kakao and LINE apps, targeting mass retail adoption in Asia.
Ubix – A clearing network for stablecoin redemptions to fiat, integrated with traditional banks and fintechs. Still in testnet, with potential airdrop farming ongoing.
Believe App – A social meme coin launcher allowing users to create and monetize tokens via their X (Twitter) accounts. The platform's native token, Launchcoin, is gaining traction, although most other tokens have shown weak sustainability.
🛠️ Platform & Development Updates
Chainlink Integration: Token Metrics data is now available via Chainlink Functions, expanding accessibility for smart contract developers.
AI Indices: We're preparing to launch tokenized AI-powered crypto indices cross-chain (EVM and Solana). These vaults will undergo smart contract audits and include on-chain risk monitoring.
User Feedback Implementation: Based on recent interviews, we’re rolling out major improvements to our Alert and Grading systems to enhance clarity between investor grade, trader grade, and signal behavior.
Closing Reflections
Meme coins and AI tokens continue to dominate interest in this risk-on phase. Meanwhile, infrastructure projects in DeFi and AI are quietly building. As usual, we encourage critical thinking, diversified research, and cautious optimism when exploring new opportunities.
We’ll continue sharing unbiased insights and tracking noteworthy developments each week. Thanks for reading.
— The Token Metrics Research Team
