SolanaLegend

Shadow Quantitative Easing
Liquidity breaking out
US China deal finalized
Solana ETF
SPY futures up
SOL CME futures volume ATH

You couldn’t dream of a better set up

Equity secondaries that trade OTC suffer from an access problem

99% of people onchain can’t access them readily and are willing to pay a large premium for shares of @SpaceX @AnthropicAI or @anduriltech

Once on crypto rails secondaries become composable and friction decreases

People who sold their coins

.@armaniferrante appreciation tweet

One of the founders that is able to fully understand the big picture and execute relentlessly on the minutia

@Backpack launched perps in January and now does $500m in volume on a Sunday with no incentives

Much much more coming… Stay tuned

So now, pump is competing with an actual casino @luckio which is reported to be spending 6 figures per month per creator

The streaming business itself is quite unattractive outside of Douyin in China (from Bytedance) which has engagement rates of >85%, 600m DAUs and monetizes via micro transactions

For @Stake, @KickStreaming is a loss-leader to allow content creators like @Trainwreckstv to stream gambling content

Twitch was acquired by Amazon

A stand alone streaming service has proven to be an unattractive and unprofitable business without a casino or microtx layer to monetize audiences

Will creator coins and user generated assets be the hook? Only time will tell

With Circle stock going nearly +700% since IPO, the game has completely changed.

Any equity business with revenue, some semblance of a moat, and 2 years of audited financials is far better off going public via the traditional route

TGEs simply cannot unlock this buy pressure

War or not, ETFs are going to start getting approved

many think crypto progress is a random walk, but even though the movements about the curve may seem stochastic, the trend is clear

Crypto is transformative technology that will infect and redefine finance

CT will chase yet another narrative

This time, stablecoins

People underwrote @Shopify wrong initially because, as it turns out, e-commerce TAM grows a lot when you enable anyone to setup an online storefront

Stablecoins will have a similar effect on finance by taking us from industrial-era t+1 rails to Internet-era financial rails t+ms

People underwrote @Shopify wrong initially because, as it turns out, e-commerce TAM grows a lot when you enable anyone to setup an online storefront

Stablecoins will have a similar effect on finance by taking us from industrial-era t+1 rails to Internet-era financial rails

The main thing is not can you generate stablecoins, it's how you are using them and productizing stables to smooth over friction points and create emergent UX

Software and crypto rails have a magic, almost alchemical property of allowing 100x more business and trading to happen

One of the reasons it's harder to get followers this cycle is because in DeFi there are legit 5k-20k people in the world that do the majority of the volume

People buy and sell tokens and leave projects without meeting any of the community. This is the reality

NFTs were different

People need to start operating under the assumption that every corporation & financial institution will have a stablecoin or whitelabel one

They will all be bidding against each other for the float

Issuers will need to be very clever in how they monetize & integrate vertically

People need to start operating under the assumption that every corporation and financial instution will have a stablecoin or whitelabel one

They will all be bidding against each other for the float

Issuers will need to be very clever in how they monetize & integrate vertically

People need to start operating under the assumption that every corporation and financial institution will have a stablecoin or whitelabel one

They will all be bidding against each other for the float

Issuers will need to be very clever in how they monetize & integrate vertically

If BTC doesn’t go below $100k from Israel attacking Iran it’s acting as de facto safe haven and soft global reserve asset

.@Backpack just flipped Kraken on fee-paying perps volume with a product they launched 5 months ago

Backpack has 25 trading pairs and Kraken has 391 and trades at $7-10b in secondary markets

And this is before Backpack enables the EU or Japan regions lol 🎒

.@Backpack just flipped Kraken on fee-paying perps volume with a product they launched 5 months ago

Backpack has 25 trading pairs and Kraken has 391

And this is before Backpack enables the EU or Japan regions lol 🎒

.@Backpack exchange flipping Kraken in fee-paying trading volume with a perps product they launched 5 months ago

Kraken is a $7-10b company that is expected to IPO at $15b btw