what's Donut?
Donut is an ERC-20 token on Ethereum with an active presence on Base through DonutDAO, a decentralized protocol engineered to establish $DONUT as a store-of-value asset. Key mechanisms include DonutMiner, a continuous public mining system that generates $DONUT and funnels activity fees to a community treasury; LiquidSignal for value-aligned signaling; and Franchise, a coin launcher enabling ecosystem expansion without fragmenting core value, where new coins distribute based on time and participation. The protocol features a dual-token model: $DONUT serves as the deflationary base layer for staking, game entries, and powering apps like Sprinkles via liquid staking, with LP fees contributing to burns; $SPRINKLES acts as the utility play-to-earn token earned through mining, chat rewards, and competitions. Treasury strategies emphasize diversified assets for sustainable revenue, avoiding rigid buyback mechanics to enhance longevity.
DONUT collaborated with BETRMINT on ecosystem partnerships and promotional activities.
Collaborated with BETRMINT in ecosystem partnerships and promotional activities during the quarter.
165,000 DONUT tokens are staked with 20% of staking proceeds allocated to BAGEL/DONUT liquidity pool.
Current market cap stands at 1.8M, down from previous 5M level.
Projects are building on top of the platform as ecosystem expands.
Monthly revenue reaches ~$4M, surpassing current market cap. Halving occurs in 1 day with rumored tokenomics change to buybacks and burns only instead of token purchases and LP additions.
Daily revenue reaches $100k milestone.
Revenue gap to Aerodrome narrows to approximately 20k, positioning for potential flip to become #2 revenue protocol on Base.
Surpasses Virtuals in daily revenue and climbs to top 3 revenue project on Base from previous top 5 ranking.
Market cap reaches $4M, representing a 16x increase from $250k and doubling from the previously reported $2M FDV, achieved in less than 3 days.
Platform listing on Wasabi enables 3x leverage trading and yield generation from onchain activity.
DONUT generates over 80% of VIRTUAL's revenue while trading at 0.4% of VIRTUAL's market cap.
Daily trading volume exceeds $1M with $2M FDV, and ranks in top 5 for revenue on Base chain.