horsefacts
@horsefacts.eth
as I understand it, all the main kinds of Coins (clankers, flaunches, zoins) monetize in the modal case by distributing fees from Uniswap. even if 99% go to zero in the long run, the creator earns something from fees, and in very rare cases earns a lot. but this means Coins have an implicit dependency on Uniswap market dominance! this seems like a very safe bet. (I don't even know what Uniswap market share is on Base, but I'm sure it's high). but it's interesting to consider how the dynamics might change if Uniswap had 10% or 90% market share instead, and Coin trading was not as highly concentrated. (not trying to FUD Coins or Uniswap, but I think this is an interesting interdependency)
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Garrett
@garrett
Aerodrome actually has basically the same market share on Base as Uniswap but it’s mostly in more stable assets (eth/stablecoins/defi coins/etc) where uniswap has a lot of the more emergent assets market share Mainly bc their frontend is great and @aerodrome’s front end and mobile experience need a major facelift both innovating and great projects what are you implying by the dependency on uniswap?
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Garrett
@garrett
Haven’t looked recently re: market share so i could be wrong about this but historically aerodrome has been neck and neck with uniswap for base market share
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horsefacts
@horsefacts.eth
just that the degree of liquidity concentration/fragmentation has downstream effects on the amount of tx fees creators capture
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