Looking at the last 30D, we see $LUNA, $SOL, $FTM leading the L1's, with a majority of those returns coming from multiple expansion.
The strength across L1’s was also broad based, which tells me it was general sector beta.
As a result, if $RUNE was to be categorized as a L1 like asset, there would be 70%+ upside on a beta driven re-rate alone to catch up with it’s peers in the near term.
I think this is possible and highly likely.
Most think that THORchain is just a cross chain exchange, but it is so much more.
For example, THOR-FI will bring cross chain lending and synths etc... to every single chain in the future.
This signals the oppt. for stand-alone applications to be built on THORchain.
But wait …. applications are already being built on top of THORchain 🤯:
This is just the beginning and there will be more in the future.
Applications want to build on top of THORchain because it allows them to integrate on day 1 with every single chain that THORchain supports.
This is a massive bootstrapper for growth as applications have access to a much larger TAM from day one.
Therefore, as crypto becomes more multi-chain, the chance that THORchain becomes a base layer for apps to be built on as well as critical infrastructure for is almost certain.
The market is not there yet and there is massive upside in the short & LT if I am correct.
The Layer 1 of Layer 1’s, that’s what I am playing for.
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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
$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.
Here is a quick recap on @pendle_fi in case you forgot.