やはり時代はエロ∈(・ω・)∋

https://x.com/nicohdotxyz/status/1948730730932036086

#Firefly_Crosspost

One concern of mine is that we have simply run out of crypto-native capital to bid alts beyond prior cycle peaks. If we look at total alt notional market cap peak in Q4'21 and Q4'24 it tops out at roughly the same number: just under $1.2 trillion. Adjusted for inflation its https://t.co/VO1oghMsLk

one of the fundamental theses behind @ohdotxyz is that, even back in 2022 when we first started building, it was clear the crypto-native market wasn’t big enough - and no one was seriously trying to expand the pie

some thoughts below