We don't need new apps to bring 10M new users onchain. There's a parallel path that no one is talking about:

10% of the 100M monthly CEX traders will trade onchain as CEXs suddenly "list" every DEX-based token.

Only possible now due to web wallets. https://www.kylemccollom.com/10m-new-onchain-users-with-no-new-apps/

DEX tokens alongside CEX tokens on CEX exchanges.

just swap with a Smart Wallet, CEX charges a swap fee for surfacing DEX tokens.

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it would require a third party provider to vet those tokens, of course. per the article a CEX "[can] "list" tokens with much lower legal risk (see a judge’s recent ruling that Coinbase Wallet is not a broker)"

The assertion is essentially that web wallets are a workaround for compliance issues but I don’t think that’s true.

ie I don’t think Coinbase is going to start showing unvetted DEX tokens on the app because the legal issue exists even with smart wallets.

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