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Degen

Category: /degen 
Notes: we are likely at peak bearishness around /degen - DL3 downtime, tips down to ATL, other tokens capturing attention. On the other hand, the proliferation of apps in the ecosystem continues, with Alfafrens leading the way (call it a ponzi all you want, people are using it daily to chat) 

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founder /openventures | /proxyswap | tokenbot @clanker

Notes (cont.): I see two trends, a continuation in FC-native apps serving token-communities on Base and DL3 & Jacek takes the reigns to give shape and focus for the project on both chains

alongside, Proxyswap shifts from "Univ3 fork" towards "social dex" we start to USE the data users create on FC for trading

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Mini apps will eat the internet | Latest drop: TRIVIA 💸| Building : /large /fctrivia /miniapps /flappycaster /jeeves /source @degentip @playsource /jump

Totally agree! People tend to see staking or token farming and immediately cast judgement

Go off

I love how people defacto'd to "Ponzi" for alfafrens

When its so much less ponzi than similar attempts

No bonding curves - flat entry rate for new comers
Revenue sharing(sustainable) instead of trading fees(hotpotato) - fabric is cool but AF is ponzi?

The perpetual stream machine is gamification not ponzification

IF YOU CAN’T HANDLE THE HEAT THEN STAY OUT THE KITCHEN! /fireball 🔥

feels like people have shifted a bit TOO negative degen, I have belief. The progress of the last few months is not purely speculative. Lots of devs are building around the community - the mindshare that the token + ecosystem have attracted is significant, and sticky

We are so early! 🔥

I like to call this a healthy pullback! 🫡