DefiIgnas
0 Följer
1 Följare
0 Gilla-markeringar
0 Delade
Inlägg
Current crypto use cases:
- Speculation
- Self-Custody
- Smart Contracts
- Stablecoins
- Quick Fundraising & Market Exit vs. IPO
- Bitcoin: Non-Sovereign, Borderless Store of Value
Huge potential use cases:
- Privacy
- Authenticity (Crucial in the Age of AI)
- Truly Global, Cheap, & Fast Payments (Already Starting)
- Micropayments
- Decentralized Identity & Reputation (Early Stages)
- Efficient, Global RWA Trading & Settlement (Starting)
- Speculation
- Self-Custody
- Smart Contracts
- Stablecoins
- Quick Fundraising & Market Exit vs. IPO
- Bitcoin: Non-Sovereign, Borderless Store of Value
Huge potential use cases:
- Privacy
- Authenticity (Crucial in the Age of AI)
- Truly Global, Cheap, & Fast Payments (Already Starting)
- Micropayments
- Decentralized Identity & Reputation (Early Stages)
- Efficient, Global RWA Trading & Settlement (Starting)
USD1 by Trump's WLF is the fastest growing stablecoin.
At the top 5, USD1 overtook FDUSD and PayPal's USD.
Interestingly, of its $2.15B supply, $2B comes from an investment by MGX, an Abu Dhabi-state-backed company, into Binance, which used USD1 for the transaction.
In essence, Binance -owns- $2b of USD1, linking it closely with WLF.
There's little discussion on the implications this has for crypto.
The real challenge is to keep growing. We need to see use cases built for USD1.
Or maybe the real use case and source for growth is its connections with Trump, leading crypto businesses to adopt it for preferential treatment from the Trump admin.
At the top 5, USD1 overtook FDUSD and PayPal's USD.
Interestingly, of its $2.15B supply, $2B comes from an investment by MGX, an Abu Dhabi-state-backed company, into Binance, which used USD1 for the transaction.
In essence, Binance -owns- $2b of USD1, linking it closely with WLF.
There's little discussion on the implications this has for crypto.
The real challenge is to keep growing. We need to see use cases built for USD1.
Or maybe the real use case and source for growth is its connections with Trump, leading crypto businesses to adopt it for preferential treatment from the Trump admin.
What are your top three airdrop farming or new protocol alpha-sharing accounts?
It's becoming more difficult to judge what's worth our time and what's not.
It's becoming more difficult to judge what's worth our time and what's not.
Coinbase's IPO market the BTC local top on April 14, 2021.
$BTC then dropped 54% in three months, later pumping about 130%.
I'm unsure if I want $CRCL to repeat this pattern.
$BTC then dropped 54% in three months, later pumping about 130%.
I'm unsure if I want $CRCL to repeat this pattern.
I'm not buying the need for specialized RWA L1s vs Ethereum/Solana.
Native KYC and AML for compliance can be app-level solutions vs. enshrined on the L1.
Base also launched Verified Pools for institutional KYC/AML standards - no need for a separate chain.
Maybe those RWA L1s introduce censorship features in case regulators require to block bad actors?
But this is already done via ERC20 blacklist feature for USDC/USDT.
What's the real value proposition for RWA L1s?
Native KYC and AML for compliance can be app-level solutions vs. enshrined on the L1.
Base also launched Verified Pools for institutional KYC/AML standards - no need for a separate chain.
Maybe those RWA L1s introduce censorship features in case regulators require to block bad actors?
But this is already done via ERC20 blacklist feature for USDC/USDT.
What's the real value proposition for RWA L1s?
I'm not buying the need for specialized RWA L1s vs Ethereum/Solana.
Native KYC and AML for compliance can be app-level solutions vs. enshrined onchain.
Base also launched Verified Pools for institutional KYC/AML standards - no need for a separate chain.
Maybe those RWA L1s introduce censorship features in case regulators require to block bad actors?
But this is already done via ERC20 blacklist feature for USDC/USDT.
What's the real value proposition for RWA L1s?
Native KYC and AML for compliance can be app-level solutions vs. enshrined onchain.
Base also launched Verified Pools for institutional KYC/AML standards - no need for a separate chain.
Maybe those RWA L1s introduce censorship features in case regulators require to block bad actors?
But this is already done via ERC20 blacklist feature for USDC/USDT.
What's the real value proposition for RWA L1s?
Scoring Crypto Narratives: My Formula
You likely spent hours hunting for the next big crypto trend. Get it right, and you profit. Come late, and you're the exit liquidity.
But which narrative deserves your attention?
I share my formula in my blog:
You likely spent hours hunting for the next big crypto trend. Get it right, and you profit. Come late, and you're the exit liquidity.
But which narrative deserves your attention?
I share my formula in my blog:
How profitable is this crypto get-rich strategy?
-> Be a savvy BD/sales or marketing professional with some industry rep
-> Join a growing crypto protocol pre-TGE
-> Get locked tokens
-> Work until TGE and a bit after to secure tokens
-> Quit & join another pre-TGE project
Takes a few years. But less luck needed than gambling on memecoins.
-> Be a savvy BD/sales or marketing professional with some industry rep
-> Join a growing crypto protocol pre-TGE
-> Get locked tokens
-> Work until TGE and a bit after to secure tokens
-> Quit & join another pre-TGE project
Takes a few years. But less luck needed than gambling on memecoins.
I'm holding my breath for the Stablecoin Bill.
The big unknown is the CCCA Amendment, which could potentially derail the bill.
The Credit Card Competition Act (CCCA) targets the Visa/Mastercard duopoly. It would:
• Require banks to offer alternative payment networks
• Reduce "swipe fees," which cost merchants $187B annually
This would obviously be good for merchants and consumers.
But there's no U.S. democracy without lobbying. Banks, airlines, and others have lobbied heavily against the inclusion of the CCCA.
I'm not an expert, but could this derail the Stablecoin Bill? This would nuke the market.
Any insights?
The big unknown is the CCCA Amendment, which could potentially derail the bill.
The Credit Card Competition Act (CCCA) targets the Visa/Mastercard duopoly. It would:
• Require banks to offer alternative payment networks
• Reduce "swipe fees," which cost merchants $187B annually
This would obviously be good for merchants and consumers.
But there's no U.S. democracy without lobbying. Banks, airlines, and others have lobbied heavily against the inclusion of the CCCA.
I'm not an expert, but could this derail the Stablecoin Bill? This would nuke the market.
Any insights?
4 of the 8 top DeFi protocols didn't exist three years ago:
Eigenlayer, Etherfi, Spark, and Ethena.
Now, they are among the top DeFi protocols by TVL.
Notice that all top 8 protocols are focusing on YIELD.
DEXes out of top 8: Uniswap, Curve, Pancakeswap... LPing due to IL isn't worth the risk?
Notable changes:
- Aave: 4th to 1st, TVL +315%
- Uniswap: 6th to 10th
- Curve: 4th to 19th, TVL -50% since 2022
- PCS: 5th to 24th, TVL -50%
- Convex: 8th to 35th
MakerDAO (Sky) lost the 1st spot but its first subDAO, Spark, is a success.
Binance staked ETH is now as big as Lido was 3 years ago.
Ethena is a beast: started growing again, soon to reach ATH TVL.
Eigenlayer, Etherfi, Spark, and Ethena.
Now, they are among the top DeFi protocols by TVL.
Notice that all top 8 protocols are focusing on YIELD.
DEXes out of top 8: Uniswap, Curve, Pancakeswap... LPing due to IL isn't worth the risk?
Notable changes:
- Aave: 4th to 1st, TVL +315%
- Uniswap: 6th to 10th
- Curve: 4th to 19th, TVL -50% since 2022
- PCS: 5th to 24th, TVL -50%
- Convex: 8th to 35th
MakerDAO (Sky) lost the 1st spot but its first subDAO, Spark, is a success.
Binance staked ETH is now as big as Lido was 3 years ago.
Ethena is a beast: started growing again, soon to reach ATH TVL.
Zero-to-One innovation is my top reason for focusing on a narrative.
But it's not enough.
Runes tokens on Bitcoin were one of my top picks for this bull run, yet I'm down badly in % terms from ATH.
I hear... $DOG trading at a $444M MC isn't a failure. But by itself, $DOG accounts for 80% of the entire Runes market size.
$PUPS is down by 99%. Others not much better.
"Runes were built for degens and memecoins." - Rune creator said.
Indeed, they started strong:
It was fun learning how etch (mint) new tokens, community vibes were great but degens are rekt and 'artisanal shitcoining' isn't delightful anymore.
I'm curious about the reasons for the lack of hype, as understanding them will improve our skills in evaluating future narratives.
On top of my list:
- Bitcoin is slow and expensive. Degens want to know if they lost or made money ASAP.
- For whales, the liquidity is too thin. There is no AMM type LP pools.
- Low volumes + technical difficulties -> CEX unwilling to list
- Big learning curve; Easier to swap memecoins on Phantom/Solana than Runes
But there's another fundamental difference: Bitcoiners are hardcore, and crucially, passive holders. Despite $2T MC of BTC, little of it went to Runes.
It's a lesson for anyone building on Bitcoin
Even for me, BTC serves as a store of value. It stays in cold wallets or multisig. It's not for speculative activities.
Still, Babylon, a restaking protocol on Bitcoin, quietly reached the top 9 DeFi protocols with TVL of $4.9 billion.
That's more than Uniswap of $4.89b!
It shows that yield, not degen memecoin gambling is the top use case for BTC.
Yet's still early and changing Bitcoiners' behavior is a big challenge, especially as more BTC flows to ETFs instead of staying in self-hosted wallets.
But I will not bury Runes just yet. The community isn't dead but Runes need a catalyst to pump again.
Focusing on increasing liquidity and improving UX/UI infra should be a priority.
But it's not enough.
Runes tokens on Bitcoin were one of my top picks for this bull run, yet I'm down badly in % terms from ATH.
I hear... $DOG trading at a $444M MC isn't a failure. But by itself, $DOG accounts for 80% of the entire Runes market size.
$PUPS is down by 99%. Others not much better.
"Runes were built for degens and memecoins." - Rune creator said.
Indeed, they started strong:
It was fun learning how etch (mint) new tokens, community vibes were great but degens are rekt and 'artisanal shitcoining' isn't delightful anymore.
I'm curious about the reasons for the lack of hype, as understanding them will improve our skills in evaluating future narratives.
On top of my list:
- Bitcoin is slow and expensive. Degens want to know if they lost or made money ASAP.
- For whales, the liquidity is too thin. There is no AMM type LP pools.
- Low volumes + technical difficulties -> CEX unwilling to list
- Big learning curve; Easier to swap memecoins on Phantom/Solana than Runes
But there's another fundamental difference: Bitcoiners are hardcore, and crucially, passive holders. Despite $2T MC of BTC, little of it went to Runes.
It's a lesson for anyone building on Bitcoin
Even for me, BTC serves as a store of value. It stays in cold wallets or multisig. It's not for speculative activities.
Still, Babylon, a restaking protocol on Bitcoin, quietly reached the top 9 DeFi protocols with TVL of $4.9 billion.
That's more than Uniswap of $4.89b!
It shows that yield, not degen memecoin gambling is the top use case for BTC.
Yet's still early and changing Bitcoiners' behavior is a big challenge, especially as more BTC flows to ETFs instead of staying in self-hosted wallets.
But I will not bury Runes just yet. The community isn't dead but Runes need a catalyst to pump again.
Focusing on increasing liquidity and improving UX/UI infra should be a priority.
InfoFi is transforming CT into a KOL-to-KOL platform.
Scrolling through X for the last 10 days without posting left me feeling sidelined, as the InfoFi meta awards mindshare. Without mindshare, this meta completely overlooks you.
I also feel there's less actionable insight on CT than a few years ago.
I recommend spending more time reading crypto research, and crypto blogs for better noise-to-insight ratio.
Scrolling through X for the last 10 days without posting left me feeling sidelined, as the InfoFi meta awards mindshare. Without mindshare, this meta completely overlooks you.
I also feel there's less actionable insight on CT than a few years ago.
I recommend spending more time reading crypto research, and crypto blogs for better noise-to-insight ratio.
Scrolling X on vacation, 90% of what I see:
1. HYPE
2. Launchcoin
3. Loud (still no idea what it does)
4. Virtual eco printing - I'm sidelined :(
5. Kaito x Huma
6. Hype degen whale trades
So much winning on my feed! Congratz.
Feeling FOMO - wanna go back to the trenches.
1. HYPE
2. Launchcoin
3. Loud (still no idea what it does)
4. Virtual eco printing - I'm sidelined :(
5. Kaito x Huma
6. Hype degen whale trades
So much winning on my feed! Congratz.
Feeling FOMO - wanna go back to the trenches.
$hype good coin
Making my travel trip more happy.
Gud life
Making my travel trip more happy.
Gud life
Got 10s of DMs with referrals to join Cookie.
You know that a new hot thing is in town.
I'm still touristing and won't actively tweet for a few days more.
Btw, why my portfolio not at ATH yet?!
https://cookie.fun/accounts/66ac874ad2c43d1765843dbe
You know that a new hot thing is in town.
I'm still touristing and won't actively tweet for a few days more.
Btw, why my portfolio not at ATH yet?!
https://cookie.fun/accounts/66ac874ad2c43d1765843dbe
Amazing how many once hot & high potential crypto experiments failed.
Just a few on my list:
- Fractional NFTs / ERC-404
- NFT lending
- Music NFTs
- Elastic supply tokens/stablecoins (although $AMPL still alive)
- $YFI style 'fair launches'
- (3,3)
- Move-to-Earn (and similar Earn slogans)
- Two-token model (Bera might be last to try it)
- Algo-stablecoins (UST but sUSD depegged despite 750% col. ratio)
- "Stable asset" controlled by interest rates, not pegged to fiat: $RAI
- Stables backed by Protocol controlled value (PCV) like $FEI.
(Olimpus DAO keeps similar Protocol Owned Liquidity (POL) idea alive.)
Failure is part of innovation. And crypto is amazing as we experiment a lot.
Perhaps those ideas were ahead of their time, like YouTube was before adequate internet speeds.
Still, I feel innovation in tokenomics and demand for complex mechanics have declined. The UST collapse gave us PTSD.
Experimentation still exists. e.g.:
- Berachain's Proof-of-Liquidity (PoL) -> Chain-Owned Liquidity (COL)
- Intia's Enshrined liquidity
- Internet Capital Markets
- Memecoin launchpads: Boop, pumpfun
- L2s
Remember that experimentation is great but don't marry your bags and the latest hot trend will likely fade away.
Just a few on my list:
- Fractional NFTs / ERC-404
- NFT lending
- Music NFTs
- Elastic supply tokens/stablecoins (although $AMPL still alive)
- $YFI style 'fair launches'
- (3,3)
- Move-to-Earn (and similar Earn slogans)
- Two-token model (Bera might be last to try it)
- Algo-stablecoins (UST but sUSD depegged despite 750% col. ratio)
- "Stable asset" controlled by interest rates, not pegged to fiat: $RAI
- Stables backed by Protocol controlled value (PCV) like $FEI.
(Olimpus DAO keeps similar Protocol Owned Liquidity (POL) idea alive.)
Failure is part of innovation. And crypto is amazing as we experiment a lot.
Perhaps those ideas were ahead of their time, like YouTube was before adequate internet speeds.
Still, I feel innovation in tokenomics and demand for complex mechanics have declined. The UST collapse gave us PTSD.
Experimentation still exists. e.g.:
- Berachain's Proof-of-Liquidity (PoL) -> Chain-Owned Liquidity (COL)
- Intia's Enshrined liquidity
- Internet Capital Markets
- Memecoin launchpads: Boop, pumpfun
- L2s
Remember that experimentation is great but don't marry your bags and the latest hot trend will likely fade away.
Friend tech team rugged so @fantasy_top_ could fly.
Two consumer apps but a big difference is the team:
Fantasy team continues to ship and innovate. Not giving up.
We need more builders like them and less of Friend tech scamooors.
Two consumer apps but a big difference is the team:
Fantasy team continues to ship and innovate. Not giving up.
We need more builders like them and less of Friend tech scamooors.
Logga in för att utforska mer innehåll