Solana

This is really crazy 

There’s so much SOL locked up in dead pumpfun tokens that it’s made SOL deflationary 

Roughly 12% of circulating supply is locked in the bonding curves of Pump tokens and Solana inflates roughly 7%/year

Oh My God...
Solana is deflationary...
&amp;&amp; its entirely because of Pump Fun... 

Solana is going up at an average of 7% a year.

However, lets look at the total number of Pump Fun token launches, ALL TIME.

You have to understand with this number, roughly 99.6942% of all Pump Fun… https://t.co/YyYoZpHOS6

Easy

This is really crazy 

There’s so much SOL locked up in dead pumpfun tokens that it’s made SOL deflationary 

Roughly 12% of circulating supply is locked in the bonding curves of Pump tokens and Solana inflates roughly 7%/year

https://x.com/easyeatsbodega/status/1861900077226401986?s=46&t=LNZpH03544B952EdXOUs2w

Stay Curious // iixii // Lazer Technologies // Prev: CoinDesk, Roc Nation // based

I think he admitted in the comments he’s just engagement farming, that SOL isn’t locked in the bonding curves traders can still get it back by selling the “dead coins”

yeah it’s def engagement farming and his math is extremely optimistic but its still an interesting point even if his math doesn’t fully match up

@EasyEatsBodega @beast_ico It's a good point but the math is off if you dig into it. Will be much less than you suggest but still a significant source of burn.

@bluegwei @beast_ico i will admit my math is extremely optomistic

yeah it’s def engagement farming and his math is extremely optimistic but its still an interesting point even if his math doesn’t fully match up

https://x.com/easyeatsbodega/status/1861913076489941322?s=46&t=LNZpH03544B952EdXOUs2w

you might've heard me rant about this

but this is the best argument for why these L1 assets have a monetary premium -> they're the quote currency on their own economies. so as value of assets on those network increases, whether WBTC and Stables or memecoins... there needs to be ETH and SOL put up to secure their liquidity 

this is what medium of exchange on a blockchain is

whether it's actually 'locked' or not is kinda besides the point tbh
the important part is that as value of assets on a chain increases there needs to be more of the L1 assets on the AMMs to secure their liquidity and that's the monetary premium of those assets as the medium of exchange

Yes conceptually agree, just saying the actual thread was intentional engagement farming with made up metrics etc, core concept is true though

whether it's actually 'locked' or not is kinda besides the point tbh
the important part is that as value of assets on a chain increases there needs to be more of the L1 assets on the AMMs to secure their liquidity and that's the monetary premium of those assets as the medium of exchange 

https://warpcast.com/kia/0x4d0c36c8