We should probably stop talking about crypto like it's a single market

crypto markets with PMF signals

1. Stablecoins
2. Casino (winner: memecoins on solana)
3. Digital gold (winner: BTC)

Everything else that doesn't touch these markets is low PMF & in a bear market

Building Larry, FOSS via @frames, @framesfun /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

would you consider node providers PMF? Alchemy and co.

tech vs. absurd – you're not real – /sauce – /cto - /addresso

I don't know enough about their business, but API providers in crypto seem to broadly not have a big enough market/low growth. My hunch would be low growth