Seeing some tweets referencing a new onchain meta sparked by Circle's IPO
Not sure this makes sense tbh: > CRCL is a stock; money won't flow onchain > There is no play like Circle/Tether that has a token (Plasma soon?) > A $1M mcap coin is not the proxy play on a stablecoin IPO
It's hilarious how crypto investors & VCs are criticising Circle $CRCL for being highly overvalued compared to revenue when they have invested in L1s and L2s with 0 users but somehow are at multi billion dollar valuations