ENS and .eth is one of most lindy things in crypto
@ensdomains launched in May 2017, more than 9 years ago (an eternity in crypto). crazes in ICOs, NFTs, & memecoins have and gone, ENS has remained
in that time it has gone from being an early Ethereum dapp to being integrated by GoDaddy, Google, Venmo, Brave, all the top crypto wallets; used by Congressmen, governments, celebrities, companies, etc
it has survived and grown through multiple cycles and is still going strong
onwards and upwards 🫡
@OndoFinance is doing exactly what they set out to do, the right way. A fee switch is all the HODLers need to reap the rewards for supporting the project for years. Hope they do it sooner than later
ondo perps just went live with 20x leverage on 260+ tokenized stocks. in crypto, perp volume runs 10-50x spot. $1.17b in tokenized stock TVL means the volume unlock thesis is enormous. but 328m ONDO ($98.4m) moved to exchanges over the past 2 months, 1.71b tokens (17.1% of supply) unlock january 2027, and the pass-through model routes fees to market makers not token holders. $8.3b FDV for a governance token that doesn't capture the revenue it generates. the product is winning. whether the token captures any of that is a completely different question.
@diamond__eth I understand ENS and its utility, im asking in relation to your post and usecase for this missed opportunity for names sitting there in current times? genuinely curious
Crazy and sad time for the RWA space.
Almost a year to the day since Plume’s CTO passed, and now Nathan, founder of Ondo. Two major builders in one of crypto’s most important sectors gone way too soon.
RIP 🤍