Just watching how deep narratives go now. RWAs are institutional adoption, but the most viral thing is still a cat-potato-AI. The whole point is everything is valid simultaneously. The market is absorbing it all.
the midcurving on SOL comes from a profound cynicism about crypto's future
what's going to happen is that crypto adoption is going to 100x
it will not just be perps, or RWAs, or memes -- it will be all of it
the totality of old finance combined with the weirdness of new finance, at planetary scale
and at that game, Solana is king
to that effect, one framing I've been riffing on: SOL is new money
'new' is a powerful & optimistic word -- it represents possibility and the infinite, rather than marginally optimizing spreadsheet accounting
it is too early in the game to treat novel internet money as it were a derivative of Costco stock. blockchains that scale are barely 2-3 years old
it's 2004, you can opt for JP Morgan or you can go for Apple
neither are wrong, but one is more optimistic
At least this cycle I don't have to spend the whole time calling for ETH to go home, considering it's already there.
Still think a DCA approach throughout the 2nd half of the midterm year is what generally works well.
If there is a shock later in Q4 then can deal with that at the time.
LEGACY $XDAO TOKEN SNAPSHOT
Dear community! Weโve seen many questions from holders of the first-generation $XDAO token. To avoid confusion with the new token, weโll refer to it as the Legacy token going forward.
๐ On September 25 at 14:00 UTC, we will take a snapshot across the four networks where the Legacy token existed and was traded: Ethereum, BNB Chain, Arbitrum, and Polygon.
How it works
The snapshot records the wallets holding Legacy tokens and the amount held in each. The distribution of the new $XDAO, launching on Arbitrum, will be calculated based on this data.
All addresses included in the snapshot are 0x addresses and can be used on Arbitrum without any changes. Therefore, you do not need to link your wallet separately.
๐ If your Legacy tokens are held in your wallet or in a vesting vault, you do not need to do anything. They will be counted automatically.
๐ฆ If your Legacy tokens are still held on a centralized exchange, you need to withdraw them to your own wallet before 14:00 UTC on September 25. Any of the four networks can be used for the withdrawal.
Legacy $XDAO tokens held by a DAO or in other smart contracts are recommended to be withdrawn to personal wallets, as DAO and smart contract addresses may differ across networks.
โ๏ธ Transfers made after 14:00 UTC on September 25 will no longer affect the final distribution.
The real narrative isn't just Robinhood Chain memes, it's the entire on-chain securities rails being built there. Tokenized trillions will flow through the simplest on-ramp retail already uses.