Jerry Han

@jerryhan

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Life is a process of establishing one's own worldview and constantly pruning its branches and leaves. The growing self - consistency and happiness brought by this process far exceed those brought by achieving external goals.

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If Robinhood also decides to develop an L2, the fragmentation of Ethereum L2 will become even more severe. I still hold the view that the highest priority should be to regain the dominance of L1, and improving the performance of L1 comes second. Don't act just because of market noise.

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For Ethereum, integrating L2 has a higher priority than L1 expansion. Once the order of doing things changes, the overall market pattern will also change. Many things can be decided by a single thought.

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Recently, the on - chain activities on Ethereum L1 have been on the rise. There are several driving factors, and one of the most important is the growing adoption of stablecoins. Stablecoins have been the biggest hot topic in the entire cryptocurrency field recently. Ethereum is also one of the biggest beneficiaries, with the usage rate of stablecoins on the Ethereum network reaching an all - time high. Just in the past week, the number of active users exceeded 750,000 for the first time. In addition, there are other reasons: 1. With the growth of stablecoins, DeFi activities have also increased. The overall activity of various old and new lending, staking, trading, and PerP protocols has increased, which in turn has increased the trading volume on L1 and gas consumption. 2. In terms of L2, the overall activity is still developing. For example, the promotion of the Virutals ecosystem on BASE. In addition, Virtuals is also involved in L1. Transaction activities like these have increased the number of active addresses and gas consumption. 3. The previous Pectra upgrade has also played a promoting role. It allows validators to increase their staking amount from 32 ETH to 2048 ETH and supports the smart - contract functions of external accounts, etc. These have increased the trading volume on L2 and are also conducive to promoting on - chain activities on L1.

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For everyone else, including Buffett, doing short-term speculation is like being a novice at the mercy of the market. So if you choose to increase or withdraw your investment based on predicting when the Israel-Palestine war or the Russia-Ukraine war will end, you're definitely a novice. Did you expect Trump to suddenly launch an attack on Iran two days ago? When you saw both sides going all out and Iran daring to retaliate against the US military bases in the Middle East, and you thought that this would surely lead to a larger-scale retaliation from the US, Trump suddenly announced a peace agreement, saying that Iran was just pretending, launched a few symbolic missiles that were all intercepted, and had actually submitted. Did you expect that? Don't be a Monday morning quarterback. Except for Trump, no one knows what will happen next. Although we can allocate our money in different investments, our focus should always be on betting in one direction, that is, "the world will eventually move towards peace". If we want to make money, we can only make money from peace. How did we arrive at this conclusion? Through the process of elimination. First of all, you can't make money by constantly changing your investment strategies. Even Buffett can't make money that way. So, brother, don't even try. You're no match for the market. Secondly, can we bet that there will always be conflicts in the world? The world tends to divide after a long period of unity and unite after a long period of division. Although there will definitely be a period of peace after a long war, conflicts will surely arise again when peace lasts for a long time and interests are unevenly distributed. So since we can bet to make money from long-term peace, can we bet to make money from inevitable conflicts and gain assets during conflicts? Let's make a comparison. How do I make money from peace? It's simple.

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There is only one right direction when betting on the world situation. Two days ago, some people said that after the United States got involved, the world situation has become even more chaotic and out of control. Except for gold, it seems that all assets in the world may enter a bear market. Therefore, one should sell all assets except gold and prepare for a downturn. Some people asked how long the Israel-Palestine war would last. I don't know, and anyone who claims to "know" is a fraud. But does "not knowing" mean there is no investment direction? No. First of all, let me make one thing clear: anyone who tries to predict the duration of a war is engaged in short-term speculation. There is only one person who can do short-term speculation well, and that is Trump.

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The best psychologist in the world is actually a wealthy version of yourself. Money is truly nourishing and far from being vulgar. Money can cure your inferiority complex and timidity, enabling you to set off at any time and make free choices. It gives you confidence, a sense of security, and calmness. Money won't make you a bad person; it merely magnifies who you truly are. When you're anxious, it's the antidote; when you're self - deprecating, it's your armor; when you're confused, it's the power of choice.

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Newton and Einstein are two epoch - making figures in the history of human science. They respectively laid the foundation for classical physics and modern physics, and their contributions have propelled a huge leap in science. However, the next one to lead humanity to make a leap - forward in scientific development may no longer be human beings, but AI.

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remember community is key

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Movement has raised $100 million with a valuation of $3 billion and a current market capitalization of $400 million. Berachain has raised $142 million with a valuation of $1.5 billion and a current market capitalization of $200 million. Babylon has raised $70 million with a valuation of $800 million and a current market capitalization of $100 million. EigenLayer has raised $160 million with a valuation of $1 billion and a current market capitalization of $300 million. Two questions: 1. Did the institutions really invest so much money and use these valuations? 2. Are these high valuations set up for retail investors to take over the market? There won't be a "sham coin season" anymore. It's a pity.

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Suppose one day in the future, the price of BTC breaks through $1 million or even $10 million. Twenty percent of this increase can be attributed to the excellent design of BTC's own mechanism, while 80% is due to the inflation of the US dollar. Sometimes, the incompetence of the opponent is enough to "overshadow" the original brilliance of BTC.

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I occasionally hear people say that when you have no money, you should take speculative gambles and seek quick riches; when you have money, you can then invest in safe ventures. Such words indeed cater to most people's psychology, reflecting what they want to express and have been doing. But this is wrong. Whether rich or poor, one should always do the right thing. Seeking slowness is the way to pursue real progress, while chasing quickness leads to ruin. If you start in the wrong place and deal with the devil from the outset, the ending will never be good—luck doesn't favor such paths. True, occasionally someone rises through this, like winning the lottery, but these outliers should be filtered out first as exceptions. These views will surely displease some, who may sneer or be sarcastic, and they definitely don't cater to the psychology of 99% of followers.

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🍔 Epic food battle happening now! Pizza vs Sushi - Join the fight! 🥊

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Once an opportunity emerges, they ride the wave and push it to a new height. This time, since Base is backed by Coinbase, due to the concepts of compliance regulation and the narrative of the cryptocurrency hotspots, Aerodrome got another opportunity of "momentum". Once an original model has been verified to a certain extent through actual combat, the proportion of operational capabilities gradually increases. Unless one has a disruptive idea and enters at the very early stage, for most entrepreneurs, how to operate and leverage momentum also becomes important.

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Velodrome itself is forked from the Solidly project launched by Andre Cronje. Solidly combines Curve's vote - escrow model with OlympusDAO's (3, 3) game - theoretic concept and is also a DEX. Later, these experiences were applied to Aerodrome. The Aerodrome team made full use of the opportunity when Base was newly launched. They deeply cooperated with Base to launch a DEX, which became the most liquid DEX on Base. This is the ability to seize opportunities, rather than mainly the original - creation ability.

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The rise of Aerodrome can be attributed to many reasons, with the most crucial one being that the team is good at seizing opportunities. Neither the DEX concept nor the (3, 3) model was created by their team. However, the team is very flexible. Initially, their attempt to launch Velodrome on Optimism didn't achieve much success, but they did accumulate some experience in basic DEX operations and the (3, 3) model.

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The US Senate passed the GENIUS Act with a vote of 68 in favor and 30 against. This is a significant event.

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At present, the number of visits to Polymarket in May is nearly 16 million, which is beyond imagination. If the cooperation with X is implemented in the future, there is a chance that it will surpass Robinhood and rank first. There will be more and more integration of Web3 and Web2, which is also a good thing for underlying public chains/L2.

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At present, the total net asset value of bitcoin spot ETFs is $131.845 billion, the ETF net asset ratio (market value as a percentage of the total market value of bitcoin) has reached 6.09%, and the historical cumulative net inflow has reached $45.222 billion.

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The total net inflow of bitcoin spot ETFs was $165 million yesterday.

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