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 is a breakout success from the Farcaster ecosystem.
Listed among breakout successes from the Farcaster ecosystem in a community discussion about ecosystem achievements.
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.