diff --git a/domains/internet-finance/cryptos primary use case is capital formation not payments or store of value because permissionless token issuance solves the fundraising bottleneck that solo founders and small teams face.md b/domains/internet-finance/cryptos primary use case is capital formation not payments or store of value because permissionless token issuance solves the fundraising bottleneck that solo founders and small teams face.md
index de2c8b93..0f3e6aae 100644
--- a/domains/internet-finance/cryptos primary use case is capital formation not payments or store of value because permissionless token issuance solves the fundraising bottleneck that solo founders and small teams face.md	
+++ b/domains/internet-finance/cryptos primary use case is capital formation not payments or store of value because permissionless token issuance solves the fundraising bottleneck that solo founders and small teams face.md	
@@ -39,6 +39,11 @@ Three credible voices arrived at this framing independently in February 2026: @c
 - The "solo founder" era may be temporary — as AI tools mature, team formation may re-emerge as the bottleneck shifts from building to distribution
 
 
+### Additional Evidence
+*Source: Solana Launchpad Competitive Landscape 2026 | Added: 2026-03-11 | Extractor: rio*
+
+In 2025, 9 million tokens were launched on Solana — on a single chain in a single year. Even at <0.5% 30-day survival rates, this volume demonstrates that demand for permissionless capital formation is massive and growing. The capital formation thesis is no longer speculative: it is the dominant activity on the chain by transaction count, dwarfing payments and DeFi yield farming by token issuance volume. The failure rate does not undercut the capital formation thesis — it underscores that the mechanism is being used at scale while quality filtering infrastructure (MetaDAO, curated launchpads) is still catching up.
+
 ### Additional Evidence (confirm)
 *Source: [[2026-01-01-futardio-launch-mycorealms]] | Added: 2026-03-11 | Extractor: anthropic/claude-sonnet-4.5*
 
diff --git a/inbox/archive/2026-03-00-solana-launchpad-competitive-landscape.md b/inbox/archive/2026-03-00-solana-launchpad-competitive-landscape.md
index 51fe77b5..db98f98b 100644
--- a/inbox/archive/2026-03-00-solana-launchpad-competitive-landscape.md
+++ b/inbox/archive/2026-03-00-solana-launchpad-competitive-landscape.md
@@ -11,12 +11,12 @@ status: processed
 processed_by: rio
 processed_date: 2026-03-11
 claims_extracted:
-  - "permissionless-token-launch-platforms-generate-revenue-proportional-to-launch-volume-independently-of-token-quality"
-  - "the-solana-launchpad-market-has-bifurcated-into-permissionless-volume-extraction-and-curated-quality-filtering-as-structurally-distinct-business-models-with-incompatible-revenue-logics"
-  - "perpetual-creator-revenue-share-on-secondary-token-trading-volume-structurally-aligns-launchpad-incentives-with-long-term-project-survival"
-  - "sub-0.5% 30-day token survival rates create structural demand for curation as rational market response to information asymmetry in permissionless capital formation"
+  - "permissionless token launch platforms generate revenue proportional to launch volume independently of token quality"
+  - "the solana launchpad market has bifurcated into permissionless volume extraction and curated quality filtering as structurally distinct business models with divergent revenue logics"
+  - "perpetual creator revenue share on secondary token trading volume structurally aligns launchpad incentives with sustained trading activity rather than launch volume"
+  - "sub-half-percent token survival rates create structural demand for curation as rational market response to information asymmetry in permissionless capital formation"
 enrichments:
-  - "cryptos primary use case is capital formation: added survival rate data (9M tokens, <0.5% in 30 days) as supporting evidence for capital formation demand thesis"
+  - "cryptos primary use case is capital formation not payments or store of value — added 9M Solana tokens in 2025 as scale evidence for capital formation demand"
 priority: medium
 tags: [solana, launchpads, pump-fun, metadao, capital-formation, token-launches, competitive-landscape]
 ---