ondo

USDC on Base is Growing Fast

> Jan 24: USDT on TRON processed ~200x more volume than USDC on Base.

> Sep 24, that difference is down to ~2x.

Though ARKK is easy to pick on, it is representative of an entire school of thought - and backed by Tiger Cub, Bill Hwang (who lost all of his own money instead of investors). Thus its underperformance points to a broader failure to recognize that AI does not actually benefit the “innovation economy” - that instead, it replaces it. It’s an important asset - not just due to its liquidity and publicity, but because it is a benchmark for IPO valuations and the multi-trillion dollar venture capital asset class.