WebOfTrust pfp
WebOfTrust
@weboftrust
I was aware that Arbitrum is leading DeFi TVL but wasn't aware of this huge lead. Abitrum TVL > combined next 3 will be interesting to see when zksync incentives start and liquidity will move
2 replies
4 recasts
20 reactions

PhiMarHal pfp
PhiMarHal
@phimarhal
I suspect zkSync will struggle to start a good incentives program. I'm not getting the vibe the seeds are there for a strong defi ecosystem. It's mostly tier2 forks, and little community cohesion. Poor liquidity. Nothing to wet the degen appetite. I'm not saying it won't happen, but I foresee it will take time.
1 reply
0 recast
1 reaction

WebOfTrust pfp
WebOfTrust
@weboftrust
100%, defi is mostly forks, trx and address counts are inflated because of farming. only hope i see is around Lens, creating its own chain on top of zksync, riding the DeSocial narrative and bringing much needed engagement to the chain. Similar to farcaster <> Base
0 reply
0 recast
1 reaction