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Amol pfp
Amol
@0xamol
The end of every months Degen tip collections will show us where the money and momentum will flow into. Whether it's memecoins, SocialFi, DeFi, NFTs, or other aspects of Degen ecosystem.
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@emt
L3 adoption by an established player on L1/L2 will help to dictate the flow at least in the short term. Think Aave, Balancer, Lido rolling out on L3. Or OS, Eden, even Looks Rare supporting L3 NFTs. Hell, even memecoins could roll like this. ZYN for example is already multichain; it branches to L3?
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Amol
@0xamol
That's also a good point, multi-chain meme coin. Why not? But for the most part, I think the flood gates will open soon for Degen due to: a. Degen > Base withdraw bridge time reduced b. Other L2s make bridge to Degen c. Maybe a big push by ETH Mainnet whales to onboard d. Possible direct ETH mainnet bridge to Degen
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emt 🎩
@emt
If the “rising tide lifts all ships” theory holds, ETH whales would benefit by driving volume to L3 even without a catalyst of sorts. It would steal users from the SOL base and many L2s, if L3 were viewed essentially as mainnet with nonexistent transaction costs.
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Amol
@0xamol
This 100%
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