DeFi

infra saturation is not a meme.
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every 2 months, we're seeing the newest L2 or chain that will revolutionize how we interact with blockchains.
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the problem is that there isn't much to interact with. aside from a few consumer apps on Blast/Base/Sol, a few DeFi apps on Arbitrum, and airdrop farming the flavor of the month L2 using uniswap forks.
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the memecoin mania stemmed from this app emptiness. there isn't much interesting stuff to do. points mania got saturated and people wondered why (seems like earning points that would translate into a future token with an unknown value didn't have a solid PMF).
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now we're seeing a bit of talk about apps. for the month of june, the biggest revenue-generating apps were MakerDAO, Pump dot fun, Ethena, Aerodrome, Uniswap Labs, Lido, Aave, PancakeSwap, Velodrome, GMX, Convex Finance, and DyDX. only the following chains generated substantial revenue to be in the top 20: Tron, Ethereum, Solana, Arbitrum, OP.

what's the common denominator of most top revenue-generating apps? they're DeFi apps. DeFi lost so much mindshare compared to its current worth and true potential. i wouldn't write off DeFi and now what i'd love to see are new experimentations, better capital efficiency, and more education (better tokenomics too, pls).

would love to hear your thoughts, we'll continue the convo on stableunit's tg

t.me/stableunit