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Why is $SEND Suilend bouncing?
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Crypto Koryo
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Here is a hot take: Mindshare is a vanity metric. If you are a protocol, what you ultimately want is your north star metric going up. That's often more revenue. For a dex, it translates to trading volume. For lending/yield, it's TVL. the main question nobody is paying attention to is if increased mindshare leads to increased adoption. The meta is relatively new so protocols are fomoing into it but there is currently little evidence of this being effective for projects. The main actors currently benefitting from the meta are the mindshare marketplaces and their snappers/yappers. Yes the mindshare is pumping for projects but the problem is a conflict of interest: the yappers are not power DeFi users. They just want to make some money by tweeting, without taking any risks. They might not even interact on-chain with the protocols they are writing about, and worst, they might not even have the right audience, which translates into no conversion. But the increased mindshare narrative being pushed is hiding the real story. And we are already seeing divergences among mindshare marketplaces based on which projects they collaborate with ( btw another big conflict of interest) So there is currently a gap between information (off-chain) and action (on-chain). This gap provides an opportunity for better mechanisms and that's what we are working on at @_dexuai .
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. @BungeeExchange v2, the Open Liquidity Marketplace powered by @SOCKETProtocol, is live Here is why you should pay attention: 🔸 It's an easy way to swap any token on any chain, no gas fees, no MEV, just one click. Bungee v1 was the very first bridge aggregator in crypto, handling $20B in volume, 12M+ swaps, and 3M+ users with integrations in MetaMask and Coinbase. But with everything getting tokenized and new chains popping up, they realized aggregation couldn't scale. Enter Bungee v2’s OLM. 🔸 The OLM lets agents compete to get you the best swap rates from DEXs, bridges, or CEXs. You pick what matters: speed, cost, or trust, and Bungee handles execution. No gas fees, no MEV attacks like front-running, and no failed transactions. Swap any token in your wallet to any token on any chain with one click and no need for native gas tokens. Trade from $10 to $10M with tiny fees. You get full transparency and control, knowing exactly what’s happening with your assets.
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How did Aave out-competed Compound by so much? Aave TVL has gone parabolic since 2023 but Compound has the same TVL as 3 years ago.
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The biggest issue I see with the new incentivized attention economy is you no longer know if people are sharing a genuine comment or just yapping to earn. Before the incentivized actions were happening on-chain and CT was just organic thoughts which btw included both bullish and bearish posts. This has made CT a much less interesting place for the top tier accounts. We are working on some cool ideas to adresse these issues. Stay tuned!
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As a founder, you have to stay on top of trends and narratives in the market. All while building and dealing with internal company stuff. We ourselves use @_dexuai TLDR feature on articles to have a quick summary of all CT articles. Every single CT article in few bullet points that take max 30 seconds to read. We even have a dedicated Slack channel that notifies us every time there is a new article making the job much easier for our research team. Customized Slack/webhook alerts will btw be a feature for our users with Premium subs. coming in June.
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