Andy
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Andy· 2025-07-06 13:25
Update:Its been tossed around that they will launch an L1, rather than follow Robinhood's footsteps with an L2. No official confirmation here yet, but I've heard this from multiple sources (in person and in DMs).Robinhood vs. Coinbase for now. Soon Stripe enters the game.Andy (@ayyyeandy):Rumor mill is saying Stripe is the next major fintech company to launch their own chain. ...
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Andy· 2025-07-06 11:38
Appchain Thesis & Market Dynamics - The appchain thesis is materializing, indicating a shift in the crypto landscape [1] - Top L2 teams are thriving by providing critical infrastructure for appchains [1] - Existing projects have a limited opportunity to demonstrate their advantages over new entrants [1] TradFi & Control - TradFi partners are becoming the new landlords, maintaining full control within the appchain ecosystem [1] - In the absence of a settlement layer, landlords can reverse transactions and exert unchecked control [1] Decentralization & User Impact - Decentralization is eroding beyond L1 settlement, raising concerns about the core cyberpunk ethos [1] - Everyday users are left with limited influence in the evolving appchain environment [1]
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Andy· 2025-07-06 08:36
Layer 1 (L1) Investment Thesis - L1 investment hinges on the belief that its token will capture significant value through shared state access and Data Availability (DA) [1] - Alternatively, investment is justified if the L1 token possesses Store of Value (SoV) or moneyness properties [1] Value Leakage Avoidance - Applications are actively avoiding value leakage to the underlying L1 [1] Token Holding Rationale - Holding L1 tokens is only worthwhile if the investor believes in either the token's value capture potential or its SoV/moneyness characteristics [1]