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RT Michael Nadeau | The DeFi Report (@JustDeauIt)Thoughts on Pump and Let's BonkThe incumbent usually wins.Uniswap, Aave, Lido, and MakerDAO come to mind.Pump can integrate new features (bot protection, more transparency). But at the end of the day, it's not really about features.Brand. Execution (ability to pivot/iterate). Users/community. Integrations/Network Effects. Capital. Token economics. Incentive alignment with users.These are the things that should produce the long-term winner.Let's Bonk has sip ...