Founders

Hot take: Consumer dapps don’t suck — they just haven't been around long enough to find PMF

As Lenny Rachitsky points out, it typically takes 2 years to start feeling PMF, and for many successful apps, it took 3-5 years

So it’s no surprise that only a few crypto companies have found PMF. Just look at those that have:
- @undefined (2016) → DeFi Summer 2020
- @opensea (2017) → NFT Boom 2021
- @axieinfinity (2018) → Bull Market 2021
- @uniswap (2018) → DeFi Summer 2020
- @polymarket (2020) → Election Season 2024

Each took 2-4 years to achieve PMF through relentless iteration and a bit of luck with market timing

The next wave of great dapps is coming — it just might take longer than you think

The largest onchain marketplace. Buy and sell crypto on Ethereum and 10+ other chains.

The largest NFT marketplace. Buy, sell, & discover the internet of goods. Get help at http://support.opensea.io. We will never DM you first.

Empowering growth leaders at @safary 🦁 and /farhackers

Can someone enlighten me more on Figma taking 3.5 years to go live? Trying to understand the space before it. 

1 year from first customer to feeling PMF is another insight I loosely take from this.