1/ Random thoughts on the state of crypto: #2 Investing in MOST previous cycle tokens is a waste—they are either boring or hose teams have already "made it" and are just pretending to care about their projects. Find the exceptions to outperform the market.
2/ Solana is fun for trading, but long term holdings better stored on Ethereum. L2s are currently worse at both.
3/ • $SOL’s short-term success rides on degens staying hyped about memecoins, as it's still viewed as a memecoin hub. • In the mid-term, Solana's has diverse sectors to captivate the community. They will thrive when memecoin mania subsides.
4/ The future of L2s depends on luring unique, non-fork dApps (think zkSync's $20m payment to attract on Lens). Yet, their tokens will likely lag this cycle because their tokenomics just suck.
5/ • Polymarket is promising, but UX is still subpar: Bridging to Polygon, multiple approvals, and mobile experience is bad. • Polymarket would thrive on Solana or with account abstraction integration (like Avocado smart wallet)
6/ Polygon should do whatever it takes to keep Polymarket. Conversely, every chain should fight to attract Polymarket.
7/ CT major accounts can't explain what's happening in the market: Crypto's complexity increased with TradFi's entrance, number of crypto categories ballooned, and they don't really care as all they need is a 3x to 5x to hit their goals. Including me.
8/ Points-for-airdrop is outdated, yet project teams avoid bold innovations due to the high stakes of getting a single shot at TGE.
9/ Innovators who revolutionize airdrop-to-point strategies and invent new compelling token issuance models will perform the best. Our task is to find those new token issuance models first to make most cash.
10/ Innovation in tokenomics design is stuck; teams focus on fundraising, VCs prefer the old-tried models, and investors are tired of complex schemes.
11/ DAOs face vote apathy as their protocols grow too complex, leaving holders unmotivated to participate.
12/ DeFi OG tokens could perform well due to their high circulating token supply and business models: Potential catalyst could be tiredness of memecoins and regulatory clarity on rev sharing.
13/ The Cosmos ecosystem is facing challenges, but its community remains strong and dedicated. If the community keeps fighting and dig out of the current state, Cosmos could emerge successfully, much like Solana.
14/ Disclaimer: Those are just my current thoughts and I might be totally wrong. Can check my 1st rant on the state of market below: