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gm Solana is the #1 daily morning show for the Solana ecosystem — recorded LIVE on X Spaces with open mics, degen energy, and daily giveaways. We bring you the headlines that move markets, wallet flows, launchpad runs, and the unfiltered pulse of Solana. A Gary Club Show.
Gary 00:06:26
GM GM GM Solana. I hope you're having an amazing day. We're. It's Friday. We've made it through. This is our fifth episode of the show we started on Monday on Labor Day here in the United States. It's been an amazing week. We've had tons of people come through the space, a lot of familiar faces, some new faces we've talked about a lot this week. Talked about a lot this week. So first question I have for you guys to hit the little purple pill at the bottom, say GM so I can, I can say some GMs back to you. I'm going to be reading some of those in just a minute, so if you haven't said GM yet, please do Bearded. Said gm. So nice to see you.
Gary 00:07:04
Bearded and Brayden and Meat man, nice to see you here. B&TC and Jilly and Nisi and Gerard and who else? Lester's here. Maui, Nancy and jj, of course, Larry and Sleepy, Squirrel and Jed and bites. Jj, how are you feeling today? How's, how's the first week been for you, man?
JJ 🦒🦒🦒 00:07:30
It's, it's, it's. Yo, we've been cooking, fam. It's been awesome. I've been, you know, going into different spaces after the fact, hanging out with community members and just all of the feedback that we're getting. Like yesterday's episode, if you didn't have a chance to check it out, go check us out on where you listen to podcasts. For me, that's Apple. If you got Spotify, like, like we're there. Yesterday's episode cooked, fam. Like, my DMs lit up. People were just giving flowers. The dialogue, the education, the opportunity to take action and that, that's what I'm really bullish about, man.
JJ 🦒🦒🦒 00:08:09
Because, you know, when we started this show on Monday, one thing that we highlighted and that we emphasized is that we are building this GM Solana community as a community. With us hosting, you guys are our commitment to you. Your expectation of us is to show up every morning at 9am Eastern to deliver some of the most talked about headlines and updates that Solana ecosystem has to offer. Right? So that's the commitment.
JJ 🦒🦒🦒 00:08:42
We also said in that exchange of energy that what we need from the community is for the community to show up. Because we're building this brick by brick as a community. And that's engaging in the purple pill. It's liking the space, it's reposting the space, is tagging some friends who should be in this space that are not here, giving them their wake up call to, to come drink their coffee on show with us. And what, what I wanted to say was that what I'm really bullish about with this community approach of building, this is the opportunity for us to win together.
JJ 🦒🦒🦒 00:09:18
We shared some opportunities, league that you have taken some action on, I've taken some action on, on some other things, winning on, on all fronts and then hearing that same feedback from some of our community members in the audience that, you know, they've been able to deploy capital, take an opportunity that we shed some light on and have, uh, good results to talk about. Fam.
Gary 00:09:44
Yeah, I think it's been a great week. You know, we had our first guests come in. We won't do a ton of guests, but we will occasionally and we bought it. We brought in Dirk on Tuesday from D5 tuna. I told you all. I, I put a post out that I went and grabbed some tuna, I staked my tuna. And I just want to give you, I'm going to give you an update on this kind of regularly, especially for the first couple weeks because, you know, JJ and I were talking this morning in our pre production meeting about our goals in this space. So we want you to make money. Our mission at Gary Club is to stop trading time for money.
Gary 00:10:19
So we want you to make gains so you can quit your job, so you can, you know, stop having to be a slave to your, your consulting contracts or whatever in the hell you're doing to make money. There's a different way to make money and we want to help you with that. And one of the things that we have to do together is we have to deploy capital. Now we're all going to have a different size bag and some of us are going to have a big bag and some of us are going to have a small bag. And we're not all going to deploy capital in the same places, but we want to bring you here daily opportunities so you can deploy capital if you choose to do so. We want to teach you how to do research.
Gary 00:10:57
We want to share the wins that we got and some other wins we see across the timeline. We want to talk about the wallets that are winning big. So you can see that there's actual opportunity here. And then obviously we're going to talk about Salon and give you some news. But, but on Tuesday I. This happened after the show. Dirk came in and he talked about D5 tune and he talked about what they were building. And I've been intrigued by what they were building anyway, wanted some exposure to the ecosystem. Didn't take much money. I took a thousand dollars.
Gary 00:11:25
I know that's a lot for some of you, but, but for me that's, that's kind of in range with, with an initial investment for me, I took a thousand dollars and I made an investment into tuna and I staked it and I put a Google Calendar alert for six months to come back and check on it. And it's one of those things I've just kind of been looking at. And my thousand dollars right now is worth $1427. So I'm up 42% since Tuesday. That's, that's, yeah, exactly right. That's. That's Tuesday. Today's Friday. Now this token has a solid enough market cap.
Gary 00:12:03
The tuna market cap right now is just give you a real number. Tuna market cap Is go up $134.68 million. It peaked this morning or it hit a top today at like 140. So 140 million, but $134 million. So that's a large enough market cap that out of the 37 people in the space, every single one of us could have put in five Solana. If we had the liquidity and we chose to do so, every single one of us would have had at least that 40 gain that I'm seeing right now.
Gary 00:12:42
And even if you decided to sell it, if you said, okay, I bought it on Tuesday, I'm going to sell it today, then you have 400 more than you started with on Tuesday. For every thousand dollars you put in. If you put in a hundred dollars, you'd have $40 more. And $40 for. You might be, you know, going out and having a coffee date this weekend. It might be paying a bill. It might be flipping into another coin, whatever that is, it might be. You want to hold and you believe and you, you liked what you heard. So you want to hold it for the next ever how long you choose to hold it for. You want to watch the price action. You want to watch those things now I did stake it. The rewards there are really, really, really small. Really, really, really small.
Gary 00:13:22
So my rewards so far are. Nope, sorry, I missed the zero. My rewards are 12 cents, 12 and a half cents. So 12 and a half cents in three days. You know, if we take that and we multiply that by like a hundred, like it's not going to be much money. So it'll be like a hundred. And I mean, even if we did like 120 days, it's, I'm gonna make about 15 bucks in rewards if the volume stayed the same.
Gary 00:13:59
So that part of it in the space I was substantially more excited about. Oh, I can take this. I can lock it up. And I'LL get a share of the, the revenue and they're putting in 100. So I'm going to get a huge share of the revenue. And, and I was very bullish about that. That what I saw though is I'm not getting a share of the revenue. I, I am, but it's really, really, really tiny. And that didn't feel as good as what I thought it was going to feel like because I'm number 607 out of all the stakers.
Gary 00:14:32
And what they appeared to do was take their protocol treasury, which is labeled as one of their wallets, and stake 500 million tuna. So they're getting themselves the biggest share of that revenue. And that's smart, right? So we talked about narratives and jj, this is where I'll kind of open the, the conversation up a bit. If you're in the audience and you want to pop up on stage, please feel free. The narrative that we heard from Dirk was we're taking 100 of our revenue and we are giving this back to the community.
Gary 00:15:12
Great. The narrative I heard from Dirk was I'm a founder and I've bought all of my own tokens off the open market. Great, great things, great things. I love those things. Now in reality, the protocol in some way, shape, form or fashion, I don't know where, I did not do any research, but they have 60% of all the stake tuna. So that means for every dollar in revenue, they're getting 60, like $60 of that or 60 cents of that. Now I don't have a problem. Dirk has 1.11%. He's, he's labeled, he's the number eight holder.
Gary 00:15:50
I don't have a problem if, if that was acquired through normal fashion, whatever that is, you know, earning it, farming it, whatever the normal protocol fashion is that everybody could, could grab some tokens. I don't have a problem with him earning his share of that. I feel a little, some kind of way with the protocol treasury getting 60 of every dollar that comes in. It doesn't feel like a hundred percent of the revenue is going back to the stakers. It feels like 40% of the revenue is going back to the stakers, which is still fine. And I might have still balled and I might still been excited, but it feels a little different for me. Jj, hearing that and my research. How does that feel for you?
JJ 🦒🦒🦒 00:16:27
Yeah, I feel like we need to like include some type of fine print or like a little asterisk or something like that. Like 100 is being sent back to the community. Fine. Print insert here 60 of that is owned by our Treasury. Right. But no, in reality, like, I, I can understand the feeling of being kind of like a smaller fish in, in the pond. Right? And, and no pun intended, I guess. Full pun intended, what with the whole tuna connection there.
JJ 🦒🦒🦒 00:17:01
But what I'm getting at is that like the money is flowing back in. I can, I, I get the feeling of the slow yield on that end. And I'll be completely honest with you, Gary, that's one of the, the, the main reasons. I probably have two or three, but that's one of the main reasons why I haven't yet deployed capital at TUNA and or any other real lending protocol is that I, I'm in a different journey, I think especially with a holiday coming up in November, you know, the family, we're going out, we're going down to Disney. Right?
JJ 🦒🦒🦒 00:17:40
And so right now I'm, I'm in this phase of trying to grow my bag a little bit faster than what some of these yields can, can guarantee. And I, I am super bullish on the staking and the yield farming and, and all of that. Like, that is essential for what we need in our community. But for me on my journey, I'm trying to maximize my gains in these next couple weeks before our Disney trip, if that makes sense. Right.
JJ 🦒🦒🦒 00:18:08
So I, I knew that going in, like having this conversation with, with Dirk and just, just understanding that the play here is going to be the, the upside value in the price of tuna, the coin, the token going up. Right. So I, I think there, there's great potential there. And you said you're up what, like, like 40, which is a. But I, I kind of knew going into this that, you know, there wasn't going to be much Solana being, being sent back to me. I, I kind of equate like when I heard it, I kind of equated to.
JJ 🦒🦒🦒 00:18:47
If I can just get by like break even with like my like rent that I need to pay for Solana for staking or like the fees associated with, for like using the protocol, I'll be okay. But I, for all intent purposes, I, I kind of knew that like the return on that investment will likely be the action, the price action with the tuna token itself versus the yield. And my mindset was there because again of the bag that I know that I was going to be playing with, like, if, if I am to deploy capital there, it'll probably be closer to Solana. And I know I will be a little shrimp in that pond, if that makes sense. Right.
JJ 🦒🦒🦒 00:19:26
You either like them big or like them small. Right. But no, I, I'll land here, man. I, I knew that it was gonna, there wasn't gonna be that like that much yield. But getting to the point of the disclosure part, I mean it's a balance because it's, it's 100 truthful that you know the, that the, that the buyback with these fees are going back to the investment.
JJ 🦒🦒🦒 00:19:53
And I, I can see how it can be a little misleading if you're not upfront disclosing in the same breath or the very next sentence that hey, with that community distribution we do have a treasury set up that, that, that gets its share which is right now valued that roughly 60 of that pie. You know, I'm all about, you know, the full transparency and it's the blockchain. You can't hide it. I mean you, you dig around for a little bit. But you know, Dirk is a founder and Dirk understands that it's attention, it's an attention economy and that's what moves the needle.
JJ 🦒🦒🦒 00:20:30
So you know that that headline which he led with is what feeding into the narrative of, of being, of having a bullish founder buying back token and, and the 100 buyback. Like, like that's all bullish sentiment. So he's saying what, what it takes to, you know, move the needle for. I don't think it was, you know, super deceptive or shady or anything like that. It's just, you know, we don't necessarily need to talk about that unless you ask kind of thing. But I'm of the thought process, you know, fully disclose everything especially in the kind of space that, that we have. But yeah, it's a, it's an interesting feeling right there, man.
Gary 00:21:06
Yeah, I agree and I'll, I'll talk about that just a little bit more in a minute. I want to get over quickly though too. Did you see the solana candle at 7:30 this morning? I've got it pinned up at the top. So Solana was kind of trading sideways at roughly 207 up a good bit from earlier this morning when it was 204 up a good bit from last night when it hit 201. But it was kind of trading sideways at like 207.207.50. And then all of a sudden I was watching it, it wicked up to. 209.75 and.
Gary 00:21:47
Then wick down to 205.06 in a one minute candle. This is a one minute wick. It went to almost 210 down to almost 205 and then it kind of built itself back up. The second minute started back at 206 and now Solana is up to 208. So was that like, I know the market's manipulated and I know that we were talking about being a small player. I know I'm a really small player in the big sea of Solana. I have a small amount of Solana. Maybe I have more than some of you. I probably have a lot less than some of you. So are we like. Did you see this? What did you think about that? Jj?
JJ 🦒🦒🦒 00:22:29
I'm pulling up my, my chart right now. I'm looking at it right now. I didn't see it when it happened, but it, it is intense. I'm looking at, I'm on Jupe and I'm seeing two one minute candles. And yeah, it like pretty much in, in about, let's, in about two minutes it went all the way up to 209, then all the way back down to 205 and then it, it's, it's kind of found, it's meeting again like around 208ish. Going up and down. Yeah, I didn't see that. I think that's hella interesting.
JJ 🦒🦒🦒 00:23:06
And what, what's crazy about it is if you also see the volume bars that, that, that go with that. It, it's a lot of volume that was pushing those two minutes. I'm just changing through my, my, my time frames because, you know, we, we're, we're kind of talking about or dancing around this, this thought of, you know, markets being manipulated. Right. And I, I, I like to sometimes zoom out a little bit.
JJ 🦒🦒🦒 00:23:41
For example, I'm looking at like the 15 minute chart and I like to see kind of what that, what that wick does in, in the 15 minute time frame and then what does that do for the bigger picture of the charts? Right. And so I, I say all that to say it all happened in a minute, maybe two minutes. But when you look at the 15 minute it, it's a distinction on the chart we have now. Kind of like almost, almost like a reset Gary of like, like this is going to be the new, the new range.
JJ 🦒🦒🦒 00:24:21
This is going to be kind of like the new low for a leg up. It's almost as, as if it's a kid at the playground with some Lego blocks and they're building the foundation to be potentially the tallest tower on the playground for the day kind of thing. Right. And yeah, no, I, I, I see that as a bullish signal. Again, we have to see kind of where the charts end up as far as like a TA goes. Right.
JJ 🦒🦒🦒 00:24:52
But I take this and I'm just looking kind of at the surface as far as a quick reset to, to reset the range for what could be potentially a leg up because that's how the market is reacting to that Wick fam. So yeah, I'm looking at like the 15 minute, just a bigger frame. It's where we're kind of like going sideways from the top end of that, if that makes sense. So very, very interested to see if we get a, a famous weekend pump here coming in this weekend.
Gary 00:25:26
Yeah. So I see this as market manipulation at its finest. I see that we wicked high which created an opportunity for a lot of people to hit the button or a lot of stop losses or a lot of take profits to get hit quickly. I see that we wicked immediately low which created the opposite side of that. A lot of people to panic sell. A lot of people to hit their stop losses, hit their take profits. And it all happened very fast. Some of us probably missed it because it was in a minute or two and it happened fast.
Gary 00:26:05
It does show that there was support at 205, a considerable amount of support at 205. Right. It does show that we had a bunch of cell pressure that went from about 208 up to about 210. So it tells me that there's probably a top end range at 210. We did not clear 210. So this had to be one hell of a huge transaction that came through. We did not clear 210, so we hit resistance there. We'll retest it, I'm sure because we're at 209.27 right now. So I'm sure we'll retest 210. We'll see if we'll break through.
Gary 00:26:37
I'm not convinced we do, but I, I do start to feel now that there's some considerable support around that, that 204, 205 range after hitting 201 last night. These are things that there's, there's money to be made in this, you know, using perp feeds and stuff like that, using leverage. There's also a lot of risk here because if you were in a long without a take profit set, you're. You would have probably been liquidated depending on how much leverage you were using.
Gary 00:27:08
If you were in a short right, without a take profit set or without a stop loss set, you would have probably been liquidated in that first pump. So the moment that it started to pump, you would have been liquidated because you put a bunch of leverage in. You thought it was going to go short at 208 and instead of going short at 208, it pumped to like 210, liquidated, and then dipped all the way down to 205. If you would have been in it and you were short, you'd have made a bunch of money. But if you didn't have a take profit set, then you wouldn't have been able to lock that in because it went in in a minute and it went out.
Gary 00:27:42
So if you were at the refrigerator, on the couch or pulling up spaces or whatever you were doing, just not paying attention to the chart at that second, not locked in at that very second, you would have missed it. And I think that that's something to, to just take a moment and realize that yes, Solana is massive. Yes, Solana. If you look at one of the other pin posts that I have at the top, everything grows faster on Solana. You know, Jupland hit $1 billion in deposits in eight days. Pump dot fund creators earned $2.4 million in fees in 24 hours. Bag Zap, another launch pad. Their creators earned $20 million in August.
Gary 00:28:22
The privacy cash launched and grew to 2.3 daily volume overnight. So $2.3 million in daily volume, they got there overnight. There's no other place in the world that you can grow the way you can grow on Solana. Digitals went to 0 to 10 million in the last week. Collector Crypt went totally viral, adding 13 million in net new revenue in August. And Cascard, one of our partners here in the show, they grew to $20 million in annual recurring revenue with 500000 installs in 13 months. So Solana moves fast.
Gary 00:28:59
Solana is big and there's a lot of people that have a vested interest in what moves in the market. A lot of people have a vested interest in if the price goes up or if the price goes down. But Solana is that chain. That's why we're here. It's why we're focused here. There's no better place right now. You don't build a better Company in Web2. If you want to make money, if you want to have revenue coming in, the best revenue producing companies right now are on Solana. It's that. It's just huge. I saw another post this morning.
Gary 00:29:33
Solana ranks number one in 24 hour dex volume across all chains. So the decentralized exchanges, the deck stuff, Solana did $3.8 billion in revenue, $3.8 billion in revenue over the last 24 hours. Next closest was it was Ethereum that did 3.37. And then I saw this post from Solana Sensei. Let me, let me pin this to the top. Oh, where's it at? Where are you at Solana Sensei? Here you are.
Gary 00:30:09
So Solana hit a hundred billion dollar market cap in four and a half years surpassing Google and other Web2 giants. So it took Solana four and a half years to hit a 100 billion dollar market cap. It took Google seven years, it took Facebook nine years, it took Microsoft 15 years, it took Tesla 17 years, Amazon 17 years, Nvidia 24 years. At Apple, it took them 31 years to hit this hundred billion dollar market cap. Solana did it in four and a half years. I just pinned that to the top.
Gary 00:30:45
So we're here, we're spending a ton of time talking about Solana. It's four and a half years old. Tell me another company, right that's been started in the last four and a half years that's not a blockchain based company really. That's not Solana that has businesses built on top of their infrastructure, that's generating hundreds of millions of dollars in revenue, that has go to market audience. The way that Cast was able to get 500000 people to use the Cascard. 500000 users in 13 months and $20 million in annual recurring revenue in 13 months.
Gary 00:31:23
Imagine if you would just go out and try to start your own card and not have the distribution of Solana, not have the distribution of this network. So we spend our time here every day talking about Solana, talking about the moves, talking about how to make money, talking about where to deploy capital because of the energy that exists in Solana. There's opportunities whether you're here to, to jump in the trenches and trade meme coins, whether you're here to day trade, whether you want to leverage or use perps, or whether you want to be a longer term investor. You know, getting into Solana when it initially started four and a half years ago, you got Solana for like 33 cents I think it was.
Gary 00:32:00
I saw some purchases around and now you've got Solana at 209.36. You're 209 up in four and a half years. Yesterday cats was talking about, I think it was Cats that says that we're kind of decent. Desensitized. That's it. Desensitized. That's a hard word. For me, for some reason to the, the money that happens here. But tell me another place that you could have put 30 some cents in four and a half years ago and been up 209 to had $209.
Gary 00:32:31
Tell me honestly another place where if you would have taken a thousand dollars on a Tuesday and made an investment that you would have $1400, $1434 on a Friday, just free and open. You can click the button and you can do it. J.J. like the more we talk about Solana, the more bullish I am on Solana. How are you feeling about Solana these days?
JJ 🦒🦒🦒 00:32:58
Even more bullish fan, because you just cooked, bro. Like I'm over here like yo, like, like I want to get a point in. But then yo, like you gotta, you gotta hit them with the facts and the numbers. So, so just, just audience and chat. Just bear with me just for one second. Again in the purple pill. I need to see gms. I need to see reasons why you're bullish on Solana. If you reposted the space, unrepost that m effort and repost it again. Tag some friends, give us some likes, throw some emojis in the audience here, spam 1000s hands, clap hearts, whatever it is.
JJ 🦒🦒🦒 00:33:35
Real quick going back to this wick, Solana, and a minute, two minutes, you, you made a good point that you know, if you're not locked in, that you know, you, you can have missed this opportunity. I wasn't locked in, so I missed the opportunity. But I, I just want to emphasize, let this marinate, let this see take place, right? Because in a worst case scenario, you were completely sidelined, didn't make any money. I guess that's kind of like the neutral case scenario, right? Worst case scenario, you had a position open, but you did not have your take profits or stop losses set up and you're just kind of winging it.
JJ 🦒🦒🦒 00:34:15
If you're not fast enough to, to, to see the movement, click the button. You probably would have gotten liquidated, as Gary said, whether you were in a short order long because we saw it go both ways. So worst case scenario, you got, you got liquidated. Next case scenario or best case scenario is that your, your position was completely safe, you had enough margin on either side and Solana did what it did. But you, you, you weren't able to execute a take profit or stop loss or liquidation. You're still in your position, but you missed that, that spike, right?
JJ 🦒🦒🦒 00:34:54
For example. So there's a lot of things here, and I say all that to say, man, like I know what it's like to be in front of the chart to, to, to set up, take profits and stop losses, but also to be reactive and trying to be fast. And sometimes it's there, sometimes it's not. And just, just, just knowing that as we spend more time here that there are, there's tech being built currently to kind of help make that easier if that makes sense to execute and take opportunity of dec fast opportunities as they happen. Right? So, so super bullish there.
JJ 🦒🦒🦒 00:35:32
Then Gary went into, you know, all of this, this data and this evidence and quantifying the successful businesses that are, that are building on top of Solana and how they're just exponentially like hitting metrics and numbers for startups that are unseen anywhere else.
JJ 🦒🦒🦒 00:35:53
And one thing I wanted to point out, you know, one metric that, that, that I wanted to point out, you know, in addition to, you know, the, the app revenue in the last month and the dex volume up and you know, businesses building on top of Solana hitting metrics, pump that fun and cash card and jup len doing a billion dollars in loans and all of that. Right? Don't fade on how, on the scalability of Solana. So we're talking about Solana being fast, we're talking about Solana being cheap, cost effective to land the transaction fractions of a penny, right?
JJ 🦒🦒🦒 00:36:32
We're talking about the, the, the foundation for other businesses to build on top and generate insane amounts of revenue. But the scalability, fam, I saw on my timeline and I think I might have posted it in my GM post but yeah, here it is. Solana processed 2.9 billion so just shy of 3 billion transactions last month alone. So for the month of August, only August, solana processed almost 3 billion transactions.
JJ 🦒🦒🦒 00:37:11
Gary, do you know roughly what the lifetime total of transactions being processed on Ethereum is? Take a wild guess. Please indulge me.
Gary 00:37:24
Oh, I, maybe 50 million, maybe 100 million.
JJ 🦒🦒🦒 00:37:31
Close. We'll, we'll give a Ethereum a little bit more. In its lifetime, fam, ethereum has processed 3, almost 3 billion. So, so all that to say I build that up to say what we did here on Solana last month. Ethereum has done that roughly in its lifetime in existence as far as processing transactions, fam. So it took Solana all of these years to get to roughly give or take some 3 billion. It took Solana the month of August to do that, fam.
JJ 🦒🦒🦒 00:38:08
So you know, talking about reasons why we're bullish on Solana, that's why it's there. The infrastructure is There it's for anybody to come in and build on Top. It's permissionless. It's. We have the history to support it. We have what it takes to take it to the next level as far as a startup goes. But, you know, again, I would, I would answer that question as far as why be bullish on Solana? Why not like, like, legit, prove me wrong, fam. Like, it's. It's just good stuff, man.
Gary 00:38:41
Yeah, it is. And I just pinned to the top the earnings of the top 10 Solana protocols. And you're going to see 24 hours, seven days and 30 days. And these are earnings after normalized expenses and stuff like that are taken out. You've got pump dot fun that pulled in 2.16 million over the last 24 hours, but $52 million in earnings over the last 30 days. Axiom, which is a trading platform, just lower than pump in 24 hours, but actually just higher than pump fun in 30 day earnings. $53 million in 30 days.
Gary 00:39:19
Jupiter, which we talk about a lot here, Jupiter did 870, 870, 000 the last day, but 27 and a half million over the last 30 days. Phantom did 16 and a half million over the last thirty days. Photon, another trading app, just did just shy of 6 million. Meteora, which is also owned by the. The team that built Jupiter, that's a liquidity provider or a liquidity pool company, they did 8.56 million in revenue. Binance did some revenue out of their stake. Soul Radium did $4.4 million in revenue. Metaplex did 2.2 million in revenue over the last 30 days.
Gary 00:39:57
And Bloom Trading Bots did 1.6 million in revenue over the last thirty days. And that's not. There's some that did more. You know, whenever I redo my sword, I saw bags did 7.73 million in revenue. Heaven, which is a new launch pad, did 4.35 million in revenue. GMGN did 3.29 million in revenue. So this is a company, Solana, a blockchain that was formed four and a half years ago that has businesses now built on top of it that are doing tens of millions of dollars in monthly revenue.
Gary 00:40:34
And not just one business, but multiple business, multiple businesses doing over a million dollars in revenue. And this obviously doesn't track everything, but when I really look at this, there are 27 protocols on Solana that locked in over a million dollars in revenue over the last 30 days. 27 different protocols. So, JJ, I want to flip the conversation just A little bit. And I want to talk about your investment strategy. You talk that you're, you're going to go to Disney and you're trying to grow your bag.
Gary 00:41:07
But what piece of this do you look at long term investments like the protocols that are generating the revenue, the potential for maybe turning you know, one Solana into 50 salon over the next couple years compared to short term opportunities that you may be able to get in and out of quickly. Where do you land on, on that with your portfolio?
JJ 🦒🦒🦒 00:41:35
Yeah, so that's a great question. So I would say right now my portfolio is probably, if I was to take a like, like just an estimate without having, I would say probably like 90 of my portfolio is deployed in areas where it, their long term plays. I'm waiting for maturity, I'm waiting for us to get where we, we need to get where the V, where it's valued, where I believe it can be valued at. Right.
JJ 🦒🦒🦒 00:42:09
So out of all of my assets on chain, I would say probably a good 85 to 90 of that is, are tucked in protocols or in projects where I believe long term in the Solana ecosystem. With that being said, I'm probably actively trading about 5 to 10% of my bag on any given day, in any given play with some kind of left on the sideline to deploy just in case an opportunity comes up or to get myself out of a jam or something like that. So I'm in it for the long haul.
JJ 🦒🦒🦒 00:42:48
Like, like I've, I've been acquiring assets that I believe have a huge return on investment in its lifetime and I'm super comfortable with that. So you know, we're talking about, you know, my bitcoin bag. We're talking about, you know, the, the Gary Coin I own, the Giraffe I own and some of these other assets that I own and that I'm holding for the long term. And then I keep, I keep about 5 to 10 liquid to go ahead and, and play.
JJ 🦒🦒🦒 00:43:24
And so what that looks like for me is I then take that and I don't deploy that all on one play. Right. So you know, it was yesterday that we were talking about, you know, I was really bullish on, or I am really bullish still on the narrative behind creator capital markets. I don't, I don't, I am not convinced yet that that is a long term play. But I, in my understanding and my metrics and my research, I understand that to be a hype trend right now that has a lot of attention and a lot of volume.
JJ 🦒🦒🦒 00:43:59
So you know, I deployed Some capital and, and lost about 80 of my bag or of a bag yesterday in the soldier boy lol. Coin. You know, I, I lost about like 50 bucks there or something like that, right? Small place. But on the flip side, you know, like the, this bag that I'm using, that, that I keep liquid is for me to experiment in, in different protocols, right? Like, I don't know what's out there until I know what's out there, right. So I don't want all of my liquidity locked up.
JJ 🦒🦒🦒 00:44:28
And at the same time, like with these kind of metrics, I mean, you just said that there, there have been 27 businesses built on top of Solana that have generated over a million dollars in revenue. I mean, what does that do for the businesses in September? Right? So I, I keep liquidity open to play and I say that, to say when we were talking this week about the prediction markets and what that looks like, you know, we're, we're showing our audience and we're learning ourselves different ways to make money and play within the ecosystem.
JJ 🦒🦒🦒 00:45:07
And so we talked about prediction markets and we specifically talked about Poly Market. And you know, we had a conversation that this can be a good platform to use for a couple reasons. One reason we use is that like, listen, if you're trading Salon or Bitcoin, for example, either spot trading or doing it via perps, like a long or short, going to a Poly market and getting a sense of the, get, getting a pulse of the sentiment because you'll find there on Poly Market, the prediction market, you know, there'll be questions asked.
JJ 🦒🦒🦒 00:45:45
Where do you see Solana ending up at the end of the day or by the end of the week or by the end of the month. So taking this platform and applying it to my research to open up a position, I mean, that, that, that's worth itself, right? Just having another resource to, to, to help me do my research. But you know, I, I, I want to take a quick minute and talk about, you know, seeing the opportunity that's there, right?
JJ 🦒🦒🦒 00:46:11
So, you know, as, as, as many of you may know and for those that don't know, you know, I am a, a father and a husband and I own real estate and I own small businesses and I, I have a lot going on. Right? And I say that to say I'm, I'm hella busy doing the show and being a community leader and, and staying active on the timeline. And so for me and in my phase of my life right now, I don't pay much attention to sports. Sports. I Don't have much room to, to watch sports, to be quite honest with you.
JJ 🦒🦒🦒 00:46:46
And so yesterday I was in, I'm part of another community, the regions, and I was in one of their, one of their spaces. And you know, they were talking about yesterday being the opening day for football. Yesterday opened up the season for NFL and it was, it's the Eagles versus the Cowboys who played yesterday. Again, I don't watch sports much and I definitely don't watch the Eagles and Cowboys. I'm from New York, so I'm a Giants fan. Right. And so those are two teams that I never root for. Right.
JJ 🦒🦒🦒 00:47:17
And so, you know, as I was in the space and just kind of, you know, looking at the timeline in the comments, you know, the, the, the passion that I heard and that I was putting together is that a lot of people believe that the Eagles were going to win. And so I don't know any better song. You know, I was like it, like, let's go see what Poly Market has to say about this. And sure enough, the favors were for the Eagles to win. And so I, I say that outlined here is that I went to Polymarket. I'm not a sports guy.
JJ 🦒🦒🦒 00:47:49
I heard some people talking about the Eagles winning the first game and not necessarily from a fan base, but from like an NFL statistics space, you know, team versus team lineup and everything. And I deployed some money and I was able to, I bet it on the, the Eagles. My conviction in the Eagles winning was built and I became bullish in that. I deployed about $80. And then when I went to check my positions this morning, I saw that the Eagles did win and I made, you know, 27% on my $80 and cashed out about a hundred and two dollars or so.
JJ 🦒🦒🦒 00:48:27
So, you know, I love that, you know, we are here, we're sharing different ways that, you know, Solana is cutting edge, innovative, leading the way, just on top of the charts where the metrics make sense. But then remembering that, you know, we want to have opportunity here to make money and, you know, I'm proud to report back that, you know, I was able to make back the L that I took on the Soldier Boy coin on the Eagle. So I guess fly, Eagles, fly is what they say. I don't know, man. Let's, let's cook though.
Gary 00:49:05
Let's go. Jj, I'm glad you made your money back. I'm glad you went and deployed some capital in Polymarket. I think it's fun to play in the prediction markets and, you know, see what's there. I Like I. If you're here and you're not deploying capital, you're fumbling the bag. If you're here and you're not learning right, you're not learning even if you're paper trading right now. Paper trading. You get out a pen and paper and you say, oh, Gary, had JJ, they brought in D5 tuna. What was the price of that? Would have I bought that if I had money in the market, yes or no? Just make your decision, it doesn't matter what it is, and then see what happens.
Gary 00:49:42
Go back and check it again and just check it and see where you're at and see where you land. There's opportunities. There's opportunities. If you're here right now, how many of you throw up? A hundred. If you like free crypto, if you like getting an airdrop, if you like to get some free tokens, right? If that's you, I see JJ, see the Gary Club account takes about 15 seconds to get to the audience there. I see crypto made. I see Dave, I see Shisha, I see Sam, see Jam. I see Peyton. I see maui, Nancy and T.C. and dunk. There we go. And Gideon, smile.
Gary 00:50:19
And C2M, right, Brayden and Jam. I see Sam and Meat man and Phil. I see a lot of people that like to earn some free crypto. So if you look at the top, what I just pinned to the top is Cascard is cooking. So Cast Card is one of our partners here, and they've grown 500 million users, or, sorry, 500, 000 users in 13 months. They've grown $20 million in annual revenue. And they have a token coming out and they're going to give you some free crypto, free crypto just for you using their credit card.
Gary 00:50:59
And I say credit card, it's more like a debit card, what you do. And it's really simple. I pinned this to the top, you can click the link and you can go set up a free Cascard account. It's absolutely free, won't cost you a dime whatsoever. And then what I suggest you do if you're not comfortable playing in crypto yet, is I suggest you get comfortable holding some of your fiat currency in stable coins. And I'm going to give you a couple paths to, to do that. You can download a phantom wallet and you can click the button and just buy right there. Don't buy Solana, buy stables. You know, get yourself stable. So if you put a hundred dollars in, you still have a hundred dollars. A stable means it is stable at that Currency.
Gary 00:51:38
So if you get the US dollar coin, US$1 coin is equal to US$1. And yes, it's going to, you know, you're going to lose purchasing power over time because the US dollar is, and we know that, but it's okay because we're going to put that capital to work. So let's say you, you get paid today, it's Friday, and, and you look at your paycheck and you look at your bills and you've got an extra hundred dollars. Take that hundred dollars and put it onto your cast card. So take that $100, put it in the stables, move that over to your cast card and spend it when you go get coffee or when you get gas and just spend it. And you're gonna earn points.
Gary 00:52:16
And when you earn points, those points later this year will be able to be converted into a token. And the token's gonna have, they've got a fully diluted value of about $700 million. It's going to give you an opportunity to earn some free crypto. It's going to give you an opportunity to start playing, right? Start playing on chain. It's going to show you what the power of crypto is. I have a, I don't have a million dollars, but I have a million dollar transaction limit on my cash card. I don't have a million dollar setting there. I can't just spend that right now. But the limits there, right? If I, if I move the stables over, you'll never spend more than you have because it's kind of like a debit card. You can go to and from your bank account inside of cascard.
Gary 00:52:56
So it's really nice. So you can move right back into your bank account if you ever want to. But you earn points. And then if you've got some friends that are interested in crypto, you can start referring people and you'll earn rewards through that too. I've earned about 32,000rewards points, which according to CAST right now that says that. I'll just tell you the number. It says that I will get roughly 20 $200 worth of free money when they do their airdrop.
Gary 00:53:26
$2,200 just by referring some people like you into cast just by spending just as I normally would, but instead of using my bank debit card, I use my cast card, right? Just by, by doing that, I've been able to earn maybe like 2000. My bank debit card doesn't give me cash back like that. My credit card might and that's okay. But I'm bullish on a company that's in 13 months been able to get in 500, 000 users. I'm bullish on a company that in 13 months has been able to pull in a $20 million annual recurring revenue. And if right now I have no way to get exposure to the company, I can't go buy their token. It's not public.
Gary 00:54:04
But my exposure point is I can go in and use their technology, use their card, the CAST card, and I can earn free crypto just for spending what I would normally spend. And by doing that, I'm actually getting exposure into their business and their revenue model. I'm getting exposure because they're going to give me free tokens. I don't have to go buy them. I don't have to do much to earn them other than just spin the way that I normally would. So, jj, are you using CAST at all?
JJ 🦒🦒🦒 00:54:33
Yo, I love Cash Card fam. And I, I know they're a partner here, but even before that was announced, fam, like, like, it's so important to be able to spend your crypto, period. And Cass makes it so easy. And, and there's a couple things I want to talk to, talk about first. I, I love what you said, because the way I took that, Gary, is that if we have someone in the audience who is still on their journey where they don't know necessarily where to deploy capital, maybe they don't know how to yet, but, you know, it's still kind of risky.
JJ 🦒🦒🦒 00:55:10
They're still in that phase of, you know, taking your advice and paper trading. Like, hey, I would have bought tuna here on this day after the show and look at it a couple days later. Or, hey, you know, I would have bet on, you know, the Eagles winning and come out the next day and kind of see what that looks like, right? Or X, Y or z, right? But if it. So what.
JJ 🦒🦒🦒 00:55:32
What I love about this path is that for someone who's out there who doesn't know necessarily how or where to deploy their capital, this is a easy, really safe way to participate within the Solana ecosystem and still earn points and, and qualify for that airdrop that. That will be coming out, right? Without having to necessarily put money, bet money on something and see if price goes up or go down. Right? And so I say that to say, so.
JJ 🦒🦒🦒 00:56:08
We started school here this week, a couple of weeks ago, the weekend before the Labor Day weekend here in the US we had a yes day for my boys. And so we went to the Legoland Discovery center and we spent time at the mall. They had the attractions, the bungee jumping, trampoline thing and the car and the carous wheel and you know, we went out to eat at Cheesecake Factory and like all of this stuff, just, just a fun day of spending money. And I spent everything on my cash card fam.
JJ 🦒🦒🦒 00:56:47
A good portion of it was crypto that I was able to spend. I earned and, and made and I was able to spend that way. So that was cool, you know, being able to literally spend crypto on this day. But, you know, by the time we got to Cheesecake Factory, they, they had run my, my cash card down quite a bit there. And so what I did was I still use my cash card to pay for Cheesecake Factory. But I did what you just said. I said, all right, we have some money in our checking account that we're gonna pay for dinner with. Let me. My, my process was I go to Coinbase, I buy the.
JJ 🦒🦒🦒 00:57:24
However much, you know, a couple hundred dollars worth of usdc and then I transferred that to my cash card and spent my, spent my cash car. Use my cash card for. At Cheesecake Factory real quick. At least for me, I don't have a physical card. So just make sure that wherever you're gonna spend your money that they accept the tap to pay. You know, the Apple Pay feature more play more. More times than not, they accept them everywhere to begin with. But you know, before it caught like wildfire, I'm already used to going into a store and asking like, yo, do you accept Apple pay here before I even start shopping?
JJ 🦒🦒🦒 00:58:00
And I would legit not spend money there if they don't accept Apple Pay because, you know, I'm one of those guys that doesn't have cards or my wallet or cash on me. So. But all that to say, super easy. It's a super fun way to get involved in the ecosystem. And then, and then think about it this way. We all have expenses to pay for. We got bills that we need to pay for, cell phone bill, insurance bill, we got mortgages. Think about the cash card as what Gary said. It's a prepaid debit card.
JJ 🦒🦒🦒 00:58:35
And the, the way you're able to utilize this virtual card is no different than using it for any other card. So I say that to say if you really want to farm these points, today is Friday full port your entire paycheck into usdc. It's gonna, if you got paid fifteen hundred dollars today, import that fifteen hundred dollars into usdc. And as you spend money on your coffee at Starbucks, Dunkin or a wawa, getting gas, going to the movie theater, doing takeout tonight, going, you know, like, whatever.
JJ 🦒🦒🦒 00:59:11
You're going to be spending money instead of using your bank of America Wells Fargo TD card. Use your cash card, fam. And you're spending the same money, but you're gonna earn some, some fire points on the, on the back end, which I would anticipate is a bigger bang for your buck, a greater return on your investment in comparison to some of these, you know, basic rewards, cash rewards that you may be spending with your debit card, your paycheck, fam. So super bullish on the cash card.