Bought a bit of $SEDA, which I believe is the next GEM. TL;DR the thesis is simple: HIP3 burns $SEDA. Originally, the flux protocol served as an oracle for the NEAR blockchain, but with the issues of activity on the NEAR chain, the team has also shifted direction and rebranded to @sedaprotocol. Recently, they finally welcomed a chance to take off by teaming up with @HyperliquidX, a big player. $SEDA will provide oracle services for HIP3 and even work with PYTH to formulate a more detailed HIP3-1 oracle amendment, and it will soon be listed on the Hype spot market. Imagine in the HIP3 permissionless Perp market, where everyone can publish various tokens, stocks, private equity, or even perpetual contracts based on prediction market data like polymarket/Kalshi. The number of data requests for $SEDA will be astonishing. In terms of token mechanics, $SEDA follows a straightforward demand-destruction mechanism, with each data request consuming about ~0.03 $SEDA. Here’s a reference number: PYTH runs about 200 million updates daily, meaning that if $SEDA reaches 1/10 the scale of PYTH, it will destroy 6 million tokens daily, leading to a 3% reduction in circulation over a month. Regarding the team and funding background, the SEDA team secured a significant amount of investment early on, totaling $22M from top-tier VCs, including Hack VC and Coinbase Ventures. Currently, the market cap of $SEDA is less than $50M, with an FDV of about $80M. Personally, I believe the odds are quite favorable.

@sedaprotocol @HyperliquidX 0x306acd0c07c430abbbb2e74ef7bde94f32a898c0 Here's a CA in case you can't find it.