IgnasDeFi
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We reached an L2 saturation point:
Aave deployed on 16 chains, but the new deployments are operating at a loss (Soneium, Celo, Linea, zkSync, Scroll).
As a result, Aave is unlikely to deploy on Bob BTC L2, even though it passed the temp check vote.
Now, a proposal on the Curve forum suggests cutting all future or ongoing L2s.
Reason? They generate barely $1.5k USD in fees while costing the team financial and time resources.
Real tough time for undifferentiated L2s.
AAVE-3.04%
CELO-3.95%
ZK-4.65%
SCR-4.93%
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I might be an idiot:
I bought $PUMP at $0.0029
Starting to get a feeling PUMP might be a next $FRIEND for me.
PUMP1.3%
GET6.28%
FRIEND-1.82%
ME-2.61%
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I only know people who got life-changing rich through crypto.
My classmates, uni friends, childhood frens... Some do quite well.
Smart and hardworking. But none built generational wealth the “slow” way.
Maybe just my environment (Europe & Asia).
I feel that for me, from Eastern Europe, crypto wasn’t a lottery ticket. It was the only lottery ticket.
Higher.
UNI-3.07%
ME-2.61%
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$ETH to $10k by year-end:
Polymarket traders give it an 8% chance.
A 21% chance $ETH tops $7k, and a 52% chance we fly past $5k per ETH.
Wonder why so bearish?
ETH-3.05%
WHY1.43%
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Crypto winning is not cashing out to fiat.
"Lock in the profits. Take the chips from the casino and send fiat to your bank.
Otherwise, stablecoins are too readily available to go back into the market." Seeing more posts like this.
Yet, true crypto industry win is never leaving the onchain world.
Spend stablecoins on real-world items, earn DeFi yield or invest in tokenized TradFi funds & private equity, and diversify with tokenized S&P 500 or gold.
Boomers will go onchain while crypto natives return to fiat banks?
Nope.
Banks that offer abysmal yields, terrible app UI, and the risk of having yo
NOT-1.82%
SEND-3.94%
MORE0.23%
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Crypto winning is not cashing out to fiat.
"Lock in the profits. Take the chips from the casino and send fiat to your bank.
Otherwise, stablecoins are too readily available to go back into the market." Seeing more posts like this.
Yet, true crypto industry win is never leaving the onchain world.
Spend stablecoins on real-world items, earn DeFi yield or invest in tokenized TradFi funds & private equity, and diversify with tokenized S&P 500 or gold.
Boomers will go onchain while crypto natives return to fiat banks?
Nope.
Banks that offer abysmal yields, terrible app UI, and the risk of having yo
NOT-1.82%
SEND-3.94%
MORE0.23%
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Ethereum nears its 10th anniversary.
To celebrate, $ETH needs to hit $10k in 6 days.
$1k USD candles per day.
Ethereans, dream big.
ETH-3.05%
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Just noticed that @ethena_labs isn't using Hyperliquid for USDE delta-neutral positions.
Why not?
ENA-8.77%
HYPE-2.38%
USDE-0.01%
WHY1.43%
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$ETH needs to pump above $4k and beyond asap to keep up the hype alive.
To make non-believers believe again. And don’t give time for degens to think.
Ponzi treasury companies better push it up.
ETH-3.05%
PUMP1.3%
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$PUMP trades below its ICO price, at $3.6B.
Weekly generated fees are also trending down, yet remain at a respectable $10.2M.
Pump smartly launched their DEX, which generates about 50% of all fees.
From the total 0.3% swap fee, 0.05% goes to the team and 25% of that for $PUMP buybacks.
This puts Pump Fun at 17th in all crypto industry in terms of fees, just below Bonk, which is gaining market share from Pump.
- $BONK: $2.5B market cap ($3b FDV)
- $PUMP: $1.3B MC ($3.6B FDV)
Although PUMP private sale investors hold 18% of the total supply.
Earliest reported seed valuation is just $12m USD.
It'
PUMP1.3%
SWAP-1.76%
FUN-7.34%
BONK-4.08%
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It would be funny if $SOL outperformed $ETH from now on.
I’m not saying it’s gonna happen.
But would be funny.
SOL-3.3%
ETH-3.05%
NOT-1.82%
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Huge winners and potential new runners this early stage alt-season:
First, congratz to:
- $ENA: Stayed quiet for months but pumped by 120% thanks to adopting the new meta on time.
- $ETH: Many buried for dead. But TradFi bros did what crypto natives couldn't
What else I missed?
-----
What will do well next is a billion dollar question:
- Runes & Ordinals? Already seeing bullish signs
- Alts that copy $ENA with TradFi companies buying alts? Which projects can pull it off
- New TGEs & airdrops: Polymarket, Farcaster, OpenSea, Metam&sk, Linea, Monad, MegaETH... Loads of money to be made here.
J
STAGE-6.91%
ALT-5.66%
ENA-8.77%
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Just chilling holding $ETH, $BTC, $HYPE and DeFi alts like $FLUID
Yet the chilling will end when we move to a real alt season aka the Banana zone.
New internal crypto Ponzi games, new metas, new narratives.
The REAL fun about to start. Better rest for a few days more.
JST-5.26%
ETH-3.05%
BTC-0.92%
HYPE-2.38%
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$FLUID should catch up with $CRV
- TVL: Fluid $1.5B vs Curve $2.5b
- Trading volumes: Fluid does 2x the Curve volumes
- Monthly fees: Fluid generates $5.37m vs Curve's $1.9m
At $10m annualized revenue, $FLUID will start buy backs. That number is $6,6m now.
I love Curve, but FLUID seems a better bet now.
Disclaimer: I hold loads of FLUID
FLUID-5.6%
CATCH-6.96%
CRV-3.11%
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Layer 2s should acquire as much $ETH as possible.
It's the true Ethereum x L2 alignment:
- They manage $ETH treasury, making governance meaningful
Current Layer 2 reserves are abysmal: Arbitrum holds just $80M, and Optimism $66M in $ETH
Adjusted to Market Cap, it's peanuts.
Gnosis is doing much better: $241M in ETH for $391M market cap.
Real chads at $GNO team.
What's stopping L2s from acquiring $ETH?
Arbitrum, Optimism and other L2 DAOs should make governance proposals ASAP.
ETH-3.05%
ARB-3.71%
JST-5.26%
OP-3.69%
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Maybe I'm becoming more risk-averse but I want more certainty on $HYPE future supply.
- 38.9% is TBD. 2nd, 3rd, 4th airdrops coming? To whom? Whales, HyperEVM users?
In both cases I have 0 control on the decision taking. And someone will know about it before me.
I bet my future airdrops wouldn't overweigh the dilution due to airdrops as MMs and whales will get most of the airdrops.
Or maybe not? The uncertainty of the future airdrop is weighting heavier for my risk tolerance.
I'd love to have more certainty on the criteria at this stage.
But there's nothing to prevent it from pumping 2x, 3x, o
MORE0.23%
HYPE-2.38%
ME-2.61%
GET6.28%
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$ETH
3000-3500: skeptics pay attention
3500-4000: maybe a strong rally is possible
4000-6000: holy shit I better get allocated. It’s going to 10k
6000-10k: ETH won the L1 wars. Going to 20k+
——
For months the bears dominated the ETH narrative.
Now, the higher the price goes the stronger the believe. A self fulfilling prophecy.
Do you believe?
ETH-3.05%
STRONG-7.66%
RLY-15.26%
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