---
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 first comprehensive quarterly financial report on MetaDAO in Q4 2025, providing detailed revenue breakdown, 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 positioning vs Pump.fun and Metaplex Genesis, and risk factors including revenue concentration and market sentiment correlation.

## Relationship to KB

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]]. First third-party analysis of futarchy protocol economics, establishing baseline for future performance tracking.