🟨 Milestone: Zcash's NSM reserve has grown 1 ZEC since NU7.
60% of transaction fees now go to the Network Sustainability Mechanism instead of miners. It's up 1.01 ZEC (about $1K) as of block #3,546,650.
We are still early to the Zcash ($ZEC) trade. Privacy is part of the narrative of course but the bigger narrative is as hedge to Bitcoin.
Faster, more scalable, non-ossified, soon to be quantum resistant store of value with 10 year distribution and tokenomics similar to BTC with killer devs, based community and … privacy if you want.
5-10% of BTC as a narrative sounds kinda reasonable for this right now. Perhaps more.
A flippening narrative where 1 ZEC = 1 BTC (or more) seems far fetched but is a logical conclusion of this discussion.
If such a narrative takes even a small hold in the wild, ZEC is going to melt faces.
Leap is built on two beliefs: that Solana is the network for every asset on earth, & retail traders deserve a product engineered for discipline, not volume.
When fees go live, we plan for a share of every Leap fee to buy & burn SOL.
Here’s what’s shipping:
Stack more $ZEC
HTTPS eventually replaced HTTP - in the internet or even in the private infrastructure
the same case will eventually happen in crypto
everything will go private in the end
We've all seen the regular stats about how bad @Pumpfun tokens are. About how the vast majority of traders lose money.
But the gigabytes of data I've been assembling over the past few days paints a much darker picture.
I've spun up a VPS and am in the process of backfilling a hoarde of data (burning a ton of Helius credits) and comparing @Pumpfun to @LaunchOnSF
Because of how many tokens are launched every single day the backfill process is still running, although I do have enough data to start being statistically accurate.
I'm capturing data for the entire last month as well as logging all new data in real time. An expensive project, but a valuable one.
For example, I already have learned:
Tokens that have graduated on @LaunchOnSF are 3X more likely to still be active within 24 hours than graduated tokens on @Pumpfun
That jumps to 5X a week after graduation.
While both launchpads have a less than 2% graduation success rate what happens next is the most telling.
Pump fun also has a much higher rate of "fake liquidity" (support being placed and then pulled before rug) than Stonk tokens.
How do I know?
My system is also tracking every single liquidity event. It's watching and logging every time people play games with liquidity in order to manipulate a chart.
More insights will be shared with the greater amount of data I capture/backfill.
This will be interesting.