---
type: entity
entity_type: company
name: Pine Analytics
domain: internet-finance
status: active
tracked_by: rio
created: 2026-03-11
---

# Pine Analytics

Independent financial analysis firm focused on crypto protocols and DAOs. Published the first comprehensive quarterly financial report on MetaDAO in Q4 2025, providing detailed revenue breakdowns, competitive analysis, and risk assessment.

## Timeline

- **2026-03-03** — Published MetaDAO Q4 2025 Quarterly Report on Substack, first independent financial analysis of MetaDAO. Detailed $2.51M protocol fee revenue (54% Futarchy AMM, 46% Meteora LP), competitive outperformance versus Pump.fun and Metaplex Genesis during -25% crypto market decline, and ecosystem growth from 2 to 8 futarchy protocols.

## Relationship to KB

Pine Analytics provides independent financial verification for [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]]. Their Q4 2025 report is the first third-party analysis of futarchy infrastructure economics, revealing the Futarchy AMM as a revenue-generating mechanism comparable to established DeFi protocols.