Since publishing my original Shuffle report for Delphi on July 7th, the project has delivered solid progress across the board. Beyond $SHFL’s price appreciation, we’ve seen clear growth in NGR (net gaming revenue), steady user engagement, and lottery dynamics that continue to validate the core thesis.

In this update, I’ll break down why I remain bullish on $SHFLas a cornerstone of crypto’s emerging “revenue meta,” highlight key catalysts on the horizon, and outline a few steps the team could take to accelerate a rerating.

With the right adjustments and as the market begins to recognize SHFL’s underlying business strength, I see a credible path for Shuffle to break into the top 100 coins by market cap (from its current rank of #455).

TLDR:

Graphite Protocol is the cheapest liquid proxy for the Solana launch-pad boom and is tagging along Bonk’s meteoric take-over of Pump.Fun market share.

• Cash-flow: BonkFun now grosses ≈ $1.36 m fees every 24 h; 7.6 % is auto-routed to a $GP reserve, funding ≈ $103 k/day (≈ $37.7 m/yr) of buy-and-burns.
• Supply: Circulating supply is 27.4 m tokens, circ. market cap ≈ $50 m. Annual buy-backs at 35mm+ if Bonk can sustain the fees = ~75 % of float-cap.
• Scarcity: > 50 % of tokens sit in staking, team, or locked wallets.