midwits

the more coins there are, the lower average market cap each of them will have

if you coin a photo, it's probably not going to be worth very much (if anything)

that's good, positive, and healthy for the world. embrace lower marketcaps as abundance.

defi summer was the embryonic stage; innovation flourished: ideas were abundant, infrastructure lagged behind & regulation did not exist  

now infrastructure has improved & crypto has entered the scaling stage

ideas are no longer abundant; emergence has slowed: most of the competition today is recycled & retried ideas, simply now at-scale

this has led to a decline in innovation (ie. low differentiation) but an increase in competition alongside better regulation, which has ushered in an era of fragmentation

this is what we are currently seeing  

as the market is captured, maturity is realized, fees are reduced & regulation stabilizes; we will enter an era of consolidation

this is on the horizon 

once growth largely becomes m&a driven, there is little room for new ideas &  ai will predominantly drive emerging solutions

this means, today, at the token level, if you want to future-proof your project, you must front run consolidation

this is best accomplished with a locked flywheel at the network level

yappin in /midwits & creating idle rpg /animarising

interesting take! love how you broke it down, but isn’t it wild how fast everything's moving? curious to see how consolidation plays out. 🤔🔗