TangentCrypto

wayward financial analyst; main account: @tangentstyle; unlocked: @tangentstyle2

[Steven @Dogetoshi]

Can anyone explain how they are able to do this legally?

[Slater Santer @slatersanter]

Cumalative DeFi yields only recently surpassed onchain exploits. Is DeFi still worth it for depositors?

[Julien B. @bneiluj]

Wild how most degen crypto guys are now trading traditional equities and have basically abandoned crypto.

[nairolf @0xNairolf]

spoiler: polymarket will launch its own L2

honestly there is no other viable path
- they already have distribution
- they can control and build the full stack around prediction markets
- capture sequencing fees + mev

no brainer

(this is the playbook for every successful app)

[threadguy @notthreadguy]

it’s honestly mesmerizing how bitcoin can be so dead with this price action in stocks

[DBCrypto @DBCrypt0]

Raised 9 figures

Generates less revenue than a kid's lemonade stand

[TangentCrypto @crypto_tangent]

What did APO buy?

[Ryan Watkins @RyanWatkins_]

In the past week alone we’ve had Blackrock, Apollo, and Citadel all buy DeFi tokens, and Twitter announce they’ll soon introduce crypto trading to their 550M MAUs.

Starting to feel like institutions are positioning ahead of CLARITY.

[TangentCrypto @crypto_tangent]

Oh no

[Polymarket @Polymarket]

JUST IN: Eric Trump declares Bitcoin as “the greatest asset of our time”

[TangentCrypto @crypto_tangent]

Wonder how he picked USDG
And NetDollar doesn't exist yet

[Raj Parekh @rparekh]

https://t.co/kuiivHur4h

[TangentCrypto @crypto_tangent]

But then all the pack opening videos you see on old packs lose money

So why do the packs appreciate like that

[Ruto @GianTheRios]

Hot Take:

You could just buy sealed Pokémon products and hold the next 3-5 years and outperform anybody holding crypto

Even at current prices.

[Token Terminal 📊 @tokenterminal]

The biggest types of tokenized assets:

🪫 USD stablecoins *without* yield
🔋 USD stablecoins *with* yield

🔃 Another 'flippening' to follow.

[TangentCrypto @crypto_tangent]

True? Or other options?

[karbon 🐺🦊 @karbonbased]

Tornado cash - gone
Samourai - gone
Monero - in the middle of a 51% attack

There's nothing left to use if you want privacy

Great job team. Yay number go up

[alexander @wagmiAlexander]

The comments from Solana folks are hilarious.

So you are saying one of the largest most successful crypto companies in the world said they were bringing their business onchain via @base and have done so to the tune of billions…

and your plan is to make this seem bearish?

[TangentCrypto @crypto_tangent]

Is it time to short SOL?
Merry Xmas

[alexander @wagmiAlexander]

Pretty clear @jpn_memelord's work + the Messari report is getting under skins in SOL world.

The issue with this reply is that anyone with access to Dexscreener can see what is going on.

Volumes on SOL are disproportionately driven by shitters that won't survive the day.

[jpn memelord🛡️ @jpn_memelord]

Because it is getting some attention today, I reran the dashboard from the orignial analysis for Monday last week (latest day with full data):

https://t.co/KDY7rDXwsG

Base: $1.737B
Solana: $2.832B

[mert @mert]

this is either not understanding how basic data works or willful misrepresentation

I won't assume either one and will refute the claim on its own merits instead

i) OP says Base is better for long-term tokens vs. Solana because

*checks notes*

tokens on Solana lose rankings faster than on Base — yet he doesn't normalize for the only metric to control for

the actual number of tokens or launches

Solana has significantly more launches per day, by an order of magnitude

this is like saying Zimbabwe has fewer failed businesses per year vs New York — and thus Zimbabwe is better for the long-term because they have less business overall

?

ok

ii) the above is already enough tenfold to debunk the entire premise, but let's have some fun

OP is determining long-term "health" based on

*checks notes*

24-hour volumes 😭

and then follows it up with a single tweet on 7-day metrics 😭

yes. wow, 24 hours. or an entire week. very long-term indeed

iii) "base is significantly more friendly to building communities and belief in projects"

since the data above is already false, this has no basis, but it's easy to disprove empirically regardless

go to coingecko, filter by mcap on the coins, and what do you see in the top 15?

Solana has 7 coins in there, Base has 1

if you expand a bit more and look at the top 5 on each chain — Base coins are ranked at 95, 373, 384, 522, 526

Solana? 62, 70, 126, 135, 141 — in fact, Solana has 13 (!) coins ranked higher before you even get to the number 2 rank on Base

mcap is not a perfect measure by any means either but the OP's entire premise is coins dying after 24h — if this is the case, then how did so many make it to the top rankings on mcap, especially relative to Base? because OP's analysis is flawed to begin with

ofc it's weird to talk about "long term" without talking about the tech here but I will simply omit that Solana does 10-20x the scale while maintaining lower median fees

<the end>

perhaps the above picture will change one day, that's possible, especially if we get complacent — but in the meantime, it is simply incorrect

build wherever serves your business needs the best, but make sure to understand the numbers

[TangentCrypto @crypto_tangent]

What happened?

[chase @therealchaseeb]

Lost a lot of respect for @base leadership over the last week. Very unserious people. Reminds me of Polygon.

[0xngmi @0xngmi]

hyperliquid currently ranking 7th by revenue across all defi, with 1.47m/day in revenue

[venture anthropologist @0xBalloonLover]

bankless : ethereum :: fox news : republicans