ethereum:0xbeec1fb5cbdfd50602f23b21f47d5500bbd1ed5f
0xbeec1fb5cbdfd50602f23b21f47d5500bbd1ed5f
I think this has a real shot at becoming the Doge play of this bull run.
The narrative is stupidly simple: ShibeNation comes back after 3 years, introduces Meeko, and people immediately start calling him “Doge reincarnated” and “Doge is back.”
Now the community is starting to form around it.
This is the same type of setup I liked with ethereum:0x812ba41e071c7b7fa4ebcfb62df5f45f6fa853ee and ethereum:0xf280b16ef293d8e534e370794ef26bf312694126. Strong recognizable narrative first, community takes over, then the market decides how big it can get.
Still early.
@meekocoineth
The first SPY5 markets are now showing up around SPYC:
$SPYC / $NVDAB
$SPYC / $MSFTB
$SPYC / $AAPLB
$SPYC / $GOOGLB
$SPYC / $AMZNB
And at the center of it all:
$SPYC / $SPYB
This is the liquidity layer we have been talking about.
Not five stocks sitting in a treasury. Actual markets being built around the largest supported companies inside SPY.
SPY5 is starting to take shape onchain.
Next is making these markets deeper, connecting them through SPY Router, and building the rest of the SpyChain stack around them.
What drives demand for SPYC if $SPYB handles network usage?
$SPYB is the gas asset. You need it to transact on SpyChain.
SPYC has a different job.
It is the protocol token used across the economy built on top of the chain.
When new markets launch through SPY Markets, they can be required to bond SPYC.
When liquidity programs are created, SPYC can be used to coordinate incentives across those markets.
When the protocol adds new stock or ETF markets, holders can use it for governance, market parameters and treasury decisions.
As SPY5 grows, SPYC also sits at the center of the liquidity layer connecting $SPYB and supported stock markets like $NVDAB, $AAPLB, $MSFTB, $GOOGLB and $AMZNB.
So the demand model is not based on gas.
It comes from participation in the protocol itself.
More markets = more SPYC bonded.
More liquidity = more SPYC used across the ecosystem.
More builders = more protocol demand.
Simple way to look at it:
$SPYB powers the chain.
SPYC powers the economy built on top of it.