Market Competition - The DeFi sector emphasizes that incumbents like Uniswap, Aave, Lido, and MakerDAO typically maintain their leading positions [1] - The industry notes that while Pump can integrate new features, long-term success depends on brand, execution, user base, integrations, capital, and token economics [1] - The industry observes that Let's Bonk has attracted users, but has yet to demonstrate the ability to onboard new users at the rate of Pump [2] Strategic Considerations - The DeFi sector suggests that success in the DeFi space is a marathon, requiring sustained effort rather than a short-term sprint [2] - The industry highlights the importance of incentive alignment with users for long-term success [1]