teddit

CB wallet x FC unlocks crypto's next major TAM shift — from traders to social users

social apps have 100s of millions of MAUs. finance apps only have 10s of millions. why? bc daily engagement > transactions

this gives way for apps (frames) w/  better monetization than web2 + more durable users than most of crypto

this is profound point

if you're building a financialized/speculative social app, the path isn't to socialize the traders (i.e. i'm gonna go to solana)
it's to financialize the social users

🫡🫡🫡 

traders =/= content consumers, social users, etc

unfort many builders get this wrong

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

to be fair i think financialized social apps need traders to bring liquidity and make the market efficient

but they'll come to whatever app/chain if there's arbitrage to be made
chasing them as the primary users is so mid

by liquidity i mean market makers, not takers. point being go after takers and makers will show up.

in consumer goods market places that i assume tiktok is the market makers are the sellers and brands, open market for various fulfillment services are various liquidity providers that make the market happen. believe it or not there are arbitrageurs too (resellers and scalpers)

there are HFT trading firms that trade ad spots

my point being you need these market participants, not just the users, but testament to most people not even realizing these participants even exist/are needed, you don't build *for* the makers, you build for the takers.

eh, tiktok is a financialized social app. flip is a financialized social app. "liquidity" is just users with money willing to spend it on content / goods they deem valuable. no need to overthink it.