A liquidity distribution protocol generating seven figures while still building its core tools is uncommon. In its Q3 update @turtledotxyz reported $1.04M in revenue across Turtle and Lunar Strategy. The figure is on a cash in basis and net of intercompany. The revenue came from services and distribution at the same time Hare launched with GSR, Creator Wire shipped, and Streams moved to self serve. Outside teams were already running campaigns on the rails. For an infrastructure project that is still hardening its product, money changing hands for real work is one of the clearer signals of demand. It is different from points or incentives. $TURTLE is the instrument tied to coordination access. Revenue is not automatically distributed to tokenholders. Full update:
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