SolanaLegend
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People are excited about HYPE because it has revenues but let's not kid ourselves; it has 2x upside before whales start unloading monumental bags and has tail risk of an exploit
The narrative that it will be become a general purpose L1 blockchain is nonsensical + forced
The narrative that it will be become a general purpose L1 blockchain is nonsensical + forced
One of the most important talks of the entire Solana Accelerate conference
https://youtu.be/0GzsuRa7x1o?si=0g6NigZcWjwvEkZJ
https://youtu.be/0GzsuRa7x1o?si=0g6NigZcWjwvEkZJ
New York is unequivocally the capital of crypto globally
In 2021 this NFT sold for 13,000 SOL 2 months after minting for $70
And people think the bull market is over
We haven’t seen anything yet
And people think the bull market is over
We haven’t seen anything yet
Until you level up your understanding of blockchains and dapps it’s hard to go from PvP to PvE
The amount of companies, exchanges, protocols, and funds that have opened a NYC office or are planning to in the next 2 months is insanely large
Capital of the crypto industry for real
After the Trump win, it’s very clear that US crypto and DeFi is booming harder than ever
Capital of the crypto industry for real
After the Trump win, it’s very clear that US crypto and DeFi is booming harder than ever
People will point to an example like memecoins as to why DCFs won’t be applicable to crypto. While it is true crypto is one of the most irrational liquid markets on Earth, markets are getting more efficient, and irrationality won’t exist forever.
This is inevitable
This is inevitable
Monetary premium or economic security memes are relics of a bygone era when blockchains didn’t print revenue with median fees under $1
The REV debate is interesting. There’s no doubt that once assets (L1s) have revenues they will be valued via DCF.
For me, the more valuable upstream indicator is application revenue. Once companies derive a large amount of revenue and profit from using a blockchain for execution and settlement, this will also translate into more fees to the base layer as more businesses will demand blockspace and be willing to pay priority fees + tips to write to the block
Chain revenue from trading is good, but the aggregate revenue of the app layer should be many multiples higher than the L1 itself, that’s how you know you have a platform.
Ask yourself, what makes more money? AWS or all the businesses that use its services…
For me, the more valuable upstream indicator is application revenue. Once companies derive a large amount of revenue and profit from using a blockchain for execution and settlement, this will also translate into more fees to the base layer as more businesses will demand blockspace and be willing to pay priority fees + tips to write to the block
Chain revenue from trading is good, but the aggregate revenue of the app layer should be many multiples higher than the L1 itself, that’s how you know you have a platform.
Ask yourself, what makes more money? AWS or all the businesses that use its services…
Many people are bullish stablecoins but there isn't a clear way to express that view
It's unclear where crypto native stablecoins end up when @Citibank, a multinational bank can launch a stablecoin and distribute it in 180 countries
USDT dominance as CEX collateral is declining
It's unclear where crypto native stablecoins end up when @Citibank, a multinational bank can launch a stablecoin and distribute it in 180 countries
USDT dominance as CEX collateral is declining
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