Ansem explains why the era of launching an L1 and praying for a killer app is dead
"ETH did really well with DeFi in 2020, went from like 12 billion to 600 billion market cap, and everybody saw that and said we need to build an L1. From 2020 to 2024, if you were building an L1 you got immediate funding from everybody, VCs backed it as the future of finance. That's not going to happen again."
"The reason is you can actually build real apps with real revenue and real distribution immediately now in crypto. It's not enough to just be faster and cheaper, Solana already beat ETH on that and it's really hard to beat Solana now, it's a marginal TPS game nobody cares about. The L1s are going to need apps on their chain that are actually doing well, and I think that design space has barely been explored."
"We're launching in Latam" is not a market strategy.
Brazil, Argentina, and Mexico operate on different financial rails, exhibit different user behaviors, and face different problems. Without knowing which one you're entering, you don't have a launch plan.
@_thatsthepeter on what he asks founders first ↓
Players who have shown up to play Azuki TCG get first access.
Eligible players with participation points in the Azuki TCG app will have access to purchase on July 29, from 6 AM - 12 PM PT.
Public sale: 1 PM PT. $46.99. Limit 4 per customer.
NEW: @solana RECLAIMS LEADERSHIP IN DAILY TOKENIZED EQUITIES SPOT VOLUME AFTER @RobinhoodCrypto CHAIN TOOK ITS SPOT 4 DAYS AGO
SOURCE: https://t.co/e1lOvIvnkl
NEW | California just reached a world-first solar milestone
Over HALF (51%) of electricity generation across the whole month of May came from solar power.
Battery storage is the big difference maker, enabling California to push the share of solar generation to this level.
You can have a perfect entry and still lose money.
In Episode 16 of the Whiteboard series we cover where your stop actually goes, and how to take profit without cutting winners early or giving them back. As well as the risk-to-reward math that lets you lose most of your trades and still grow the account. Check it out
https://t.co/EV8xDon2Yv