horsefacts 🚂 pfp
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)
18 replies
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105 reactions

Jonny Mack pfp
Jonny Mack
@nonlinear.eth
its not a safe bet. AMMs are retarded. as market matures more will realize this. brb building a better alternative
9 replies
0 recast
31 reactions

Haole pfp
Haole
@haole
replaced by dex like hyperliquid?
1 reply
0 recast
1 reaction

Jonny Mack pfp
Jonny Mack
@nonlinear.eth
:)
0 reply
0 recast
2 reactions