Coop

Feel like crypto has hit a bit of a stalemate right now. 

Everyone understands the name of the game is bringing new people onchain but yet 99% of all volume is still driven by the same cohort of ~25,000 crypto-native users.

I'm not seeing real interest or demand from people to "get into crypto" and the most successful apps (like Polymarket) don't really have any downstream effects which makes those users want to check out other crypto apps or go deeper down the rabbit hole.

More and more my friends simply net out at "buy more Bitcoin" and frankly I don't think that's a bad take given how safe a bet it is relative to the slaughterhouse that's the memecoin trenches these days.

Am I alone in this thought or do other people feel this too?

Crypto needs to make existing consumer behaviors better rather than trying to create net-new behaviors from consumers 

We've made a lot of progress with social and content alongside the obvious financial use cases of crypto

On/Off Ramps still one of the biggest hurdles for adoption but I'm optimistic that companies like Stripe/Bridge and Coinbase will continue to make this better 

A lot more work to do

Stay Curious // iixii // Head of Crypto at https://www.lazertechnologies.com/  // Prev: CoinDesk, Roc Nation // based @basedevo

They keep shipping every day. I give it up for them 🫡