$SOL will be one of the fastest horses in the next leg of the bull run.

The Solana ecosystem continues to build momentum with development activity booming and TVL soaring past ATHs.

Even at current val. it still offers one of the best R/R in crypto.

$SOL summer is coming🧵
The value proposition of Solana boils down into a simple pitch:

The fastest and cheapest smart contract platform in crypto.

But that alone isn’t interesting enough for Solana to stand out.
The key value proposition vs its major competitors (ETH, DOT, ATOM) is that it does not pursue scalability through sharding.

It instead maintains a single shared state enabling synchronous composability for every application on Solana.
This matters because with a single shared state and synchronous composability every application on Solana can communicate with each other atomically.
This is what has made Ethereum's DeFi ecosystem so incredible to date, but something Ethereum may lose as applications move to different L2s and/or eventually run on different shards.

You can’t have flash loans and other wild primitives without it.
However, there are skeptics that remain in the market.
The bear case for Solana is concentrated around two arguments:

1) Solana is currently not decentralized and may never decentralize enough in the future

2) Despite its progress, the Solana ecosystem is very immature and faces a steep uphill battle vs Ethereum
Here are the reasons why I am able to look past these bear arguments.

For starters, crypto as a whole is still in its very early stages and nobody really knows right now how things will play out.
It is still unclear whether smart contracts will be a winner-take-all market.

While Ethereum is currently in the lead, data points increasingly point towards a multi-chain future, at the very least for the foreseeable future as this market plays out.

As mentioned earlier Solana offers the most distinct value proposition of all the Ethereum competitors, and is showing early signs of being the best bet you can make on a future where Ethereum is not the sole smart contract platform with activity.
Now for centralization concerns.

Similarly there still remains a lot of debate around how much decentralization a blockchain needs to achieve the desired properties we want.
It is unfair to discount Solana as a potential winner just yet given how things are still very uncertain.

Maybe 1,000 - 10,000 nodes is all we really need to secure a blockchain and get the properties we want, in which case concerns about Solana’s node count are invalid.
Moving on, the argument around no meaningful applications being built on Solana right now can also be discounted to some degree given it is more backwards looking as opposed to forward looking.

The same argument was made about Ethereum in 2017 and look where we are now.
In any case, if you want the data, development activity and TVL on Solana are trending very well to say the least.

Billionaire Sam Bankman-Fried of FTX is heavily involved in this ecosystem with his project Serum.

This is important because he has put a ton $$ into building the Solana brand which is causing it to gain mindshare amongst consumers & developers incredibly fast.
A bet against $SOL is also a bet against Sam which is something you don’t want to do.

How do you compete against someone who has unlimited resources?
My friends who don’t know anything about crypto, text me about $SOL.

That’s how I know it's working.

Wall Streeters love $SOL too. The pitch just makes sense, especially with the “billionaire tech genius” archetype (Sam) to drive Solana forward as well.
Finally the setup $SOL exhibits characteristics of an amazing investment in the near-term.

1) Moonshot potential and doesn’t pullback as much as the rest of crypto in downturns

2) Highly liquid
The weekly chart also looks incredibly strong and ready to send.

It even maintained bullish structure throughout the entire bear market.
So with the bear arguments nullified , you are left with an asset that offers one of the best R/R in crypto right now, and one that offers practically unlimited upside in a bubble given its comped to $ETH which trades like its running to become the internet’s reserve currency.
The TAM is trillions of $$$.

Pack your bags accordingly.

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More from @HighCoinviction

14 Sep
I am only getting more excited everyday as we approach @terra_money Columbus 5 upgrade.

Let me summarize quickly the 4 main reasons why I am so bullish on $LUNA as a result.

Read to the end for my ELI2 key takeaway.

Here it is: 🧵
1.Seigniorage Burns (Burn all LUNA from UST mints) - A large portion of this wasn't being burned prev. and instead being directed to a community pool.

Therefore, post Col-5 $LUNA circ. supply could see a sizeable drop as a result which exerts strong upward price pressure.
2.Terra will be IBC enabled and UST becomes the defacto stablecoin of Cosmos ecosystem.

UST demand will significantly ramp as a result => more $LUNA being burnt => price appreciation.
Read 6 tweets
10 Sep
Came across a very interesting project recently that reminded me of @OlympusDAO back when it was $30mm mkt cap.

Chart looks prime, now is the $TIME anon.

This is an easy 3x at the minimum from here.

Some quick thoughts 👇
As you all know, making a non-pegged stable coin project come to fruition is difficult.

@OlympusDAO was able to succeed because it was able to attract a strong community early on where everyone believed in (3,3) Zeus was also a god figure which helped.
Wonderland is an experimental fork of Olympus on AVAX with more aggressive treasury mgmt.

The project is founded by @danielesesta (giga brain) from Abracadabra & Popsicle.

To bootstrap the project, Wonderland will donate 30% of rebase fees to Olympus as a sacrifice to the gods
Read 8 tweets
2 Sep
The L1 incentive war happening in crypto reminds me of the landgrab situation taking place with US online sports betting.

For the first time, we are seeing strong activity take place outside of ETH leaving some to question who the LT winner will be.

Here are my thoughts👇
Here are the parallels between the current smart contract wars and US OSB mkt:

1) Massive TAM with large greenfield

2) Market structure where share accrues to top 3 players

3) Both in landgrab situation where competitors are burning tons of $$ to win share
Below is a chart of price action for $DKNG (Draftkings), an American daily fantasy sports contest and sports betting operator.

The DKNG story will likely somewhat resemble what will happen for the fundamentals of ETH as these contract wars progress.

Allow me to explain.
Read 15 tweets
20 Aug
I believe the market is currently failing to fundamentally price $RUNE.

@THORChain should be viewed as an asset with L1 like potential, and there exists a massive upward re-rating oppt. should the market realize this.

$RUNE is a 40% position for me.

Here’s why I am excited 🧵
Before we begin, here is one of the best papers published on @THORChain to give you a brief reminder of what they do:

It is obvious at this point that Layer 1s have been attracting a ton of flows recently with most up >150% over the last few weeks.

I am a massive fan of investing in L1 like assets given their favorable asymmetric R/R profiles.

Read 10 tweets
18 Aug
$PENDLE just announced some massive changes to the protocol, which I expect to drive material fundamental growth for the protocol over the coming months.

Interest rate derivatives is an untapped market in DeFi and there is continuous innovation happening here.

👇 to learn more.
The recent updates further expand the use cases for @pendle_fi and also introduces a meaningful change to token economics for $PENDLE.

The two updates are:

1) Introduction of yield tokenization for SLP shares

2)(Pe,P) rewards program
Read 11 tweets
18 Aug
Have been getting some DMs lately on when I plan to sell my $SOL position so thought I'd do a quick thread so everyone can benefit.

TLDR: I think there is still at least 4x to go from here, which is meaningful.

👇 to learn why
At the highest level, valuation of an asset comes down to two things:

1) Fundamentals, usually addressed via some "Core" KPI such as TVL, $ Txs settled etc...

2) "Willingness To Pay" factor, which is more art than science and is influenced by comps, market cycle & other things
The way you make the most money as a fundamental investor is by getting a multiple expansion on the markets WTP factor.

However, this is much more art than science and is often what determines who is "talented".
Read 15 tweets

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