To devil’s advocate the DAT meta being over, I think this is perhaps the last shot that crypto alts have a chance at going on a massive bull run fueled by global capital.

It’s clear today that majority of capital is unable or unwilling to cross the chasm into crypto via the direct purchase of tokens. DATs today are subpar (but similar) replicas of ETFs for alts.

We have yet to really see a case where a DAT drives significant flows into an alt and I think it is quite a likely possibility given how TradFi has bitten on $ETH . These flows should theoretically blow anything that crypto natives have out of the water and I think are still under appreciated by the market.

Do I think DATs are close to a top? Probably.

Have we seen the craziest possible shit that can happen bc of DATs? Probably not.