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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 pfp
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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