$HNT, For months, 100% of Helium Mobile subscriber revenue was burned and spent as HNT, peaking at around $2.9M per quarter (Q4 2025). This program ended in January, along with buybacks. So it's difficult to assess real revenue from the chart.

My question is about what's the organic burn from carriers and IoT aside from the subscriber-fueled burns? Should we keep an eye on the Data Credits at the $0.50/GB peg, or what carriers actually pay (reportedly closer to $0.10/GB?

The August 2027 halving will reduce emissions by 3,750,000 HNT per year, so there's about ten months for organic demand to appear on the numbers.

$HONEY's model looks elegant, but the revenue stream is still pending.

The burning and minting ties HONEY to actual map-data purchases, but 75 % of burned are gone for good, and thus far, DefiLlama reports gross revenue down from ~$294K (Q4 2025) to ~$25K (Q2 2026) against a ~$10M market cap. Are the paying customers well identified, and what gets you revenue back above Q4's level quarterly? How does the burn compare to the contributor emissions?

The next quarter's burn data will tell

The pivot in $PYTH from subsidizing to subscriptions is coming in, but the scale is not yet there.

Pyth Pro is booking roughly over $500K a month, and 33% of the DAO treasury goes to monthly PYTH buybacks. So far the Reserve has bought tens of million's of PYTH so far. Pyth has said it targets $500M ARR, and Kalshi and Polymarket using Pyth Pro for settlement is a good sign.

Well, what is the path from ~$4M annualized to buybacks that can turn the float over, and who comes after prediction markets?