DePIN remains the one sector where revenues continue to climb. yet prices are down as everywhere else and hence P/S ratios trend down. More in the latest @ournetwork__ on DePINs:

good summary of Defillama's revenue numbers - but can someone explain to me how tether/circle are onchain revenue?.

ICNT is live, trading around 270-290 M FDV. If you like some anchor points:.@DePINPulse shows a 3.7M ARR for ICN, which makes the P/S ratio 73-78.DePINs median P/S ratio for June was 115.

Big shoutout to @tokengineering and @akrtws for gathering the Token Engineering Community at EthCC for the 3rd time now!.

And there was a bonus: a full day workshop diving into experiments of ecosystem funding and DAO decision-making.

@paruch1 from @TE_Labs discussing with JP and William the challenges the gas pricing mechanism faces towards implementation given underlying assumptions and similarly, the different attack vectors that dispute resolution faces as well.

JP from @KosmosVC sharing his approach on pricing gas options.

@williamhwgeorge from @Kleros_io explaining what schelling point oracles are and how they help with dispute resolution in peer prediction.

@MBRichardson87 with TEUnplugged session#3: connecting the previous talks from Vasily's macro view to the concrete engineering decisions of 20squares framework with scrutinizing questions:.

@vasily_sumanov from @valueverse_ai sharing his ongoing work on AI-driven utility classification: even meme-coin connoisseurs should understand the origin of values and value capture mechanics of their tokens - now you get a chat interface explaining these:.

@philipp_m_zahn from 20squares explaining the design principles, stack and components for debt tokenization:.

The 2nd Unplugged session diving into Franklin's and Tanisha's talks with @akrtws how to create systemic fairness and market efficiency via incentive mechanisms in staking and ZK prover markets:.

@governingweb3 providing a validator reputation model to improve the concentration natural to staking reward mechanisms and how that was/is tested @0xPolygon and @AvailProject (skip first 4mins as there were some issues):.

Franklin from @lagrangedev explaining how the Double Auction Resource Allocation mechanism helps optimizing costs for proof requesters, maximizing revenue for provers, and ensuring the marketplace operates fairly and profitably:.

A deep dive into Achim's and Duncans talks where we dissect the principles for the post-web era with @david_enim tapping into his research and experience building with @autonolas.

@drcryve on how to think about agentic token systems in the post-web era, summarized with the 10 principles for the post-web at the end:.

@duncancmt of @0xProject with an entertaining summary of all the things we don't understand about ERC20:.

Complaining about how "tokenomics are broken" gets all the attention whenever it pops up every other week. TokenEngineering track @EthCC gave you an excellent opportunity to understand what the experts are working on to improve our industry - time to spend attention here👇.

Here is a more comprehensive list of >100 protocols that did 1M+ in June (data by @DefiLlama and @tokenterminal , which still isn't all, e.g. misses @clankeronbase ):.aave.aerodrome.aethir.astherus.axiom.banana-gun.base.binance-staked-eth.bitcoin.bitlayer.bloom-trading-bot.