Farcaster dry power Dune dashboard from @nmadd

https://dune.com/empty_block/farcaster-dry-powder

building @emptyblock / prev director of research @coinmetrics

Wouldn't "dry powder" only be if it's in ETH or stables?

/new-york 🗽 • /untzuntz 😈 • /tastebuds 🍕 Fan of eating tacos and bringing people together, often at the same time 🌮

Got it, was just curious how you were defining it

One of the issues I've seen in the Farcaster ecosystem is that the same money just gets rotated around the same assets in a never-ending game of whack-a-mole where you hope that you're first to move

I was hesitant about the "dry powder" framing since while you can technically swap easily between assets, a bunch of people swapping a once tanks one asset while it lifts another so tough to say that there is value being created there

I don't care about the pedantic argument.

It's capital that can flow into your app. That's dry powder.