Content
@
0 reply
0 recast
0 reaction
ted (not lasso)
@ted
hot take: TAM for memecoin trading is quite limited relative to real-world use cases global retail trading market is $5T and highly fragmented vs cross-border payments alone have a market of $156T Pew Research found only 15% of US adults expressed interest in memecoins vs 80% in blockchain for practical use cases
12 replies
7 recasts
51 reactions
Toady Hawk
@toadyhawk.eth
I feel like this might be a case of stated versus revealed preference. Nobody wants to say they love memecoins in a poll, but when they do come onchain, it seems that speculative applications of the technology are more often than not the hook.
2 replies
0 recast
0 reaction
ted (not lasso)
@ted
hmmm how familiar are you with the data around memestock trading and general retail trading?
1 reply
0 recast
1 reaction
Toady Hawk
@toadyhawk.eth
Like Woj, I haven’t looked at the data empirically so this is definitely more of an anecdotal take. For example, I realized recently that of the 40 Ethereum builders I have had on my podcast over the past year and a half, nearly all of them revealed some kind of speculative hook that got them into the space originally (I always ask for their crypto origin story.) They stayed, of course and built meaningful things, but it was typically something like top shot or ICO’s or the 2021 NFT frenzy, or memecoins that got them into the space. Would love to hear what you found in your research though, and I would love it if you’re right and “in it for the tech” was less of a meme.
1 reply
0 recast
0 reaction
