With a bazillion L1s and L2s in existence, the need for an interoperability layer is greater than ever; TCP/IP of crypto. This can be viewed as an index play on the alt L1 complex.
With the fastest bridge in the industry now live, think Synapse is still mispriced at $185 million FDV. Very hated coin. This will be even clearer after Wormhole/Layerzero launch their tokens at multi-billion dollar FDVs.
Beyond the repricing trade, Synapse's plan to dominate the interoperability landscape is highlighted in the tweet I've quoted below.
@okay_dogs Let’s waste peoples time marketing a raffle that does not work properly. Support was the worst for any damn project I ever talked too. If anyone did the raffles they would know that the whole site was bugs galore. Worst experience ever I hope people see through this bs project
@Alice_comfy "If everything's FDICd people won't pull", so it's basically just a belief system eh.
Also we currently have a banking crisis and inflation is still rampant.
The 29-yr old co-founder of MakerDAO, Nikolai Muchgian has been found dead in in San Juan #PuertoRico, just three days after tweeting the following from his personal twitter account.
@jimtalbot@Trader_XO@Delta_Exchange why do people compare you to the likes of xo. dunno but your content isn't CLOSE to xo's and your streams are boring as shit