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Arthur_0x
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Circle $CRCL surpass $USDC in market cap. Eventually, the market will also start valuing DeFi protocols on a market cap/TVL ratio of 1 as well.
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Peak FOMO in tradfi for stablecoin pureplay, Circle is gonna 2x immediately from IPO at open at this rate....
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The ethos of this space have changed considerably since I joined the space. From cypherpunk idealism that care and focus on decentralization and censorship resistance, the space is more dominated by hypercapitalistic and nihilist type now and norms are seldom respected these days.
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$HYPE's standout performance in this market condition is a great validation of crypto's cashflow-driven buyback and its importance to returns. Anedoctally a few liquid funds that already own $HYPE as top positions still feel underexposed. This is officially the best growth compounder of crypto now.
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Time and time again CEX have failed us: Mt.Gox, FTX two big one, other smaller one that put customer at risk with their numerous exploits and hacks . The thesis for global non-custodial trading platform grow stronger each day. Hyperliquid.
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