ShillGuard | $SGT

MORNING BRIEF ☕️: Bitwise CIO Matt Hougan says crypto is entering a revenue-driven era, where protocol activity increasingly translates into token value. Hyperliquid is directing more than $1B in annualized fees toward HYPE buybacks, Uniswap is burning UNI with protocol fees, and Aave has bought back 205K+ AAVE worth around $42M since April 2025. Hougan expects this model to spread across DeFi and Layer 1s over the next 12-24 months, arguing that stronger links between revenue and token value could drive crypto valuations significantly higher. https://x.com/ShillGuard/status/2087787807133634712