We should probably stop talking about crypto like it's a single market

crypto markets with PMF signals

1. Stablecoins
2. Casino (winner: memecoins on solana)
3. Digital gold (winner: BTC)

Everything else that doesn't touch these markets is low PMF & in a bear market

Building Larry, FOSS via @frames, @framesfun /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

Their traction is mainly within the crypto casino market

Agents are a technology, not a market, and not a crypto market imo. Crypto infra for agents still doesn't have pmf except for narrative based (temporary) crypto casino stuff

Building @basketdotfarm on @base -- an onchain index creator. Supporting @percs.

yes defi has mostly pmf via casino and stablecoins

As long as you put Stablecoins and DeFi (Uniswap, Aave, Curve, Lido) in the same basket, I agree.

tech vs. absurd – you're not real – /sauce – /cto - /addresso

I don't know enough about their business, but API providers in crypto seem to broadly not have a big enough market/low growth. My hunch would be low growth

would you consider node providers PMF? Alchemy and co.

Calling crypto a single market is limiting.  It’s like if you said everything that used a database is a “database app”.

It’s silly.

I disagree, I think there's a wide variety of systems like IPCM that introduce further proof of work, then there are projects like MegaETH that drop the EVM cost to the point where other activity can be discovered.

they just haven't been imposed on attention or received adequate seed funding.

How do little cottage products on Farcaster fit into this?