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Graeme
@graeme
The main reason that Stack had so much volume this week was that a lot of people came over from Solana, after Clout didn't work so well in practice. All of the analytics point to this. Our approach was very pro-social, because 1% of all volume is given automatically to the underlying account, as well as 30% of the tokens dripped over a year, without the underlying account needing to do anything. We did $8m on Base in one day without any technical issues, and we sent hundreds of thousands of dollars in value to Ethereum addresses this way. But something that I have to say, because it feels a bit alienating, is that a lot of people in the ETH community kinda had a go at dunking on us. People logged on, saw $80 in their portfolio, and said "meh, this is confusing" – even though no app in history has probably ever done that before for a new user. Kinda sad that after 8 years of building on Ethereum, it's harder than ever to feel motivated to build for its community members.
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Mitko
@mitko
what are your thoughts on the ecosystem support you've received from base during the past few days? i studied Solana and they have both shilled Clout and tweeted about Socialfie on the other hand, Base hasn't done either of those
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Graeme
@graeme
Jessie came on and bought some creators, which was great and he wrote a nice tweet https://warpcast.com/jessepollak/0xb3268f54 But yes the solana foundation tweeted about Clout five times in one day, which is why they did like $250m and we did $8m. It’s really difficult for a startup to get distribution in this space without support from their ecosystem, and that’s been a consistent theme in the Ethereum ecosystem the last two years. I think Stack is the better product with better outcomes for creators; and we built it much more quickly. So maybe it won’t matter in the end.
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Graeme
@graeme
If you consider this tweet, it lists the latest socialfi apps, and I think we might be the only one on Ethereum: https://x.com/defiignas/status/1883213471007027499?s=46 I don’t think ecosystems need to endorse every app, but there’s definitely been a change in the Ethereum ecosystem over time that’s making people not want to try find product market fit here, or finding it easier somewhere else. Again, I’m not complaining, but just looking at the facts and trying to understand
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