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$TRX is settlement flow USDT, cheap throughput. It often decouples from high beta L1s because the use case is payments. $TONCOIN is Telegram distribution beta. Mini-apps, emissions, and listings drive it more than a generic L1 checklist. $APT is Move ecosystem high beta, closer to $SUI than to TRX. Needs its own activity or it just tracks the L1 index. Rails beat roadmaps in messy tapes. NFA.