There is now $60M of BTC collateral and $30M of USDC active loans coming directly from the @coinbase App onchain on Morpho on @base.

Numbers growing linearly as the app is rolled out to more users.

I used to think gaming would be primary means on onboarding. Still think there will be people whose first self custody wallet is for gaming assets. 

But more and more, I think it’s DeFi lending. With integration of USDC debit cards, there’s no reason to let cash sit in a no-interest checking account.

Tech Transactions and IP attorney with an NFT obsession. I like suing people. Get all my legal updates here: https://linktr.ee/birdnals 

Interested in legal technology, crypto, blockchain, DeFi and real world assets.
Time spent: Experts.com & CougarDAO LLC.

I’m a gamer and have been enjoying playing Off The Grid so I just see an easy conversion there. 

Social is interesting as well. Rodeo is fun. Obviously enjoy farcaster. I just think people are ok giving up privacy/ads for free social, and creators will go where the people are. But it could be suddenly all at once thing where a few big names move or someone makes it big and more see it as an option. Like early podcasting.

The gaming has not yet been compelling to me. Content creation ownership and DeFi have always been the more compelling use cases IMO. 

I agree with you on this interest in a wallet being a huge use case. Why let it waste in checking or even a basic savings acct.