$OP dumped by 32% since Base's announcement of leaving Op Stack- Superchain.I was excited for Base being part of the Superchain and they worked together on a single interoperability solution which would improve crypto UX.But since Vitalik's post on L2s and plans to scale Ethereum L1, it's perhaps less relevant as I hope most activity will focus on the L1 anyway. ...

Upbit is da best crypto CEX in da world.Binance listings used to pump token prices. Not anymore.Only listings on Upbit have the pump-on-da-news effect. https://t.co/spWJjFQdAG ...

Etherfi's $ETHFI trades at 3x the market cap of Eigenlayer's $EIGEN.Or 1.3x the FDV.Let that sink in:An app that started as a liquid restaking wrapper on Eigenlayer now trades higher than the protocol it depended on.Etherfi pivoted to a credit card with a cashback. Nothing too fancy and multiple competitors do the same thing (although most are debit cards).Eigenlayer also pivoted to EigenCloud: verifiable cloud computing with EigenDA, EigenCompute, and EigenVerify.EigenCloud is technically more impressive. ...

Oh, and Monad should definitely launch points campaign. ...

Unpopular take: MegaETH should launch a points campaign to drive activity.Points and airdrops are taboo after high FDV launches and mercenary capital leaving post-TGE.But the market is different now.First, MegaETH points would be THE talking point of CT because nothing else is happening onchain.They'd have total attention monopoly.Capital wants to flow somewhere but R/R looks bad everywhere.Second, we learnt lessons on what works. Or more on what doesn't.I liked Sonic's campaign for deploying dApps. Teams a ...

RT Ignas | DeFi (@DefiIgnas)- dumping price on week 1 is almost fatal: only 9.4% of tokens that fell early finished the year positive- start price matters: 75% of tokens launching under $100m fdv were up after a month vs 22% above $500m- 80% of airdrop receivers dumped on day 1...- while pre-sale participants show a ~65% retention rate on day 1 (but continue dumping if price increases)- favor tokens with liquidity concentrated on one chain: splitting $1m tvl across three chains weakens depth (and is bad for ...

RT Ignas | DeFi (@DefiIgnas)OP Collective just lost 94% of it's fee revenue sharing.Base paid 13.15 ETH/day vs 0.84 ETH from every other Superchain chain combined.In return, Base received 118M $OP tokens over 6 years.But with $OP at $0.18 today (down on the news), that deal looks very different than when it was signed at $1.50. ...

RT Ignas | DeFi (@DefiIgnas)What would it take for $ETH to switch to onchain governance?Right now Ethereum governance is offchain:Core devs propose EIPs, the community debates, and social consensus decides what gets implemented.Staking gives you validator power and yield but zero say in protocol direction.So currently even DeFi tokens like $UNI and $AAVE have more utility in governance than $ETH.Vitalik opposes token voting for protocol governance as anyone with enough capital could buy 51% and capture gove ...

- dumping price on week 1 is almost fatal: only 9.4% of tokens that fell early finished the year positive- start price matters: 75% of tokens launching under $100m fdv were up after a month vs 22% above $500m- 80% of airdrop receivers dumped on day 1...- while pre-sale participants show a ~65% retention rate on day 1 (but continue dumping if price increases)- favor tokens with liquidity concentrated on one chain: splitting $1m tvl across three chains weakens depth (and is bad for price)- MMs sell ~50% of to ...

on the flip side, Optimism got EtherFi (that migrates from Scroll)https://t.co/S6pKH7podwOptimist Prime (@jinglejamOP):Very excited to announce that https://t.co/eUNlUFVbU8 Cash is migrating to OP Mainnet.70,000 active cards. 300,000 accounts. $200M TVL.One of crypto's fastest-growing payments products is making Optimism its home.The problem: crypto holders want to spend without selling. ...