𝐖𝐞 𝐧𝐞𝐞𝐝 𝐚 𝐧𝐞𝐰 𝐜𝐚𝐭𝐞𝐠𝐨𝐫𝐲 𝐨𝐟 𝐭𝐨𝐤𝐞𝐧. As I watch the crypto market evolve, I see six distinct token categories (they’re not mutually exclusive, a network can sit in two buckets at once): 💸 Currency – a token used to denominate payments at scale, not necessarily to make the payment itself. Think BTC, ETH, and SOL. All have acted as currency. BTC is now cemented as a currency forever, and SOL became one more recently for memecoin trading (although admittedly both ETH and SOL's primary roles are as gas tokens). ⛽️ Gas utility – the native token that sells block space or similar onchain services which fill blockspace. Validators or sequencers earn it as gas for executing ledger updates. Examples: ETH, LINK, and @spaceandtimeDB’s SXT. 🧾 REV token – The new bucket I’m proposing. These belong to dapps rather than validator networks. Holders receive a share of the app’s onchain revenue. PUMP and Hyperliquid fit here; Hyperliquid began purely as a REV token and is now morphing into a gas-utility token via HyperEVM. 💲Stablecoin – tokens pegged to cash or T-bills. 📈 RWA – any tokenized traditional asset other than cash or T-bills, meaning non-stable prices tracking those offchain assets. 🐶 Memecoin – represents a community of like-minded speculators, rather than serving as a currency or network utility token. Some memecoins are now adding REV share mechanics. 𝗣𝗿𝗲𝗱𝗶𝗰𝘁𝗶𝗼𝗻𝘀 over next few years: 1) a seventh category evolves 2) rev tokens become the standard for new launches while "currencies" remain a high target achieved only by top 5 coins etc 3) utility protocols shift towards including a rev model, and rev tokens evolve to become gas utility networks (case in point Hyperliquid) NOTE: Some data-provider and oracle projects also straddle categories: they’re both REV and gas-utility tokens because they reward validators with gas for completed work. Chainlink is probably a good example. ------ By the way all of these thoughts are my fun humble observations and opinions, not financial advice or any comment on the legality of such tokens.

These are actually all @_catdaly's predictions, I just stole them 🤭

Note: rev tokens often distribute rev share through buybacks or insurance services (Aave)

Okay thinking... category 7 = Social tokens? Representations of social movements/ big cultural movements driven by attention: “popularity”, “views” eyeballs, etc. IF the attention can be cryptographically verified, this may be our 7th category, otherwise it's just creating more memecoins