"Ser, did I miss the @avalancheavax boat?"
"Am I still early in the Avalanche🔺 ecosystem?"
A quick look at the active addresses suggests we are #stillearly.
When the $MATIC incentives kicked off back in mid April for @AaveAave and @CurveFinance, number of active addresses grew from ~5k to a peak of 146k (29x) in the first wave of liquidity mining!
In contrast, we see that number of active addresses have grown from 20k to 56k (28x) since July, possibly catalysed by the new Bridge and the announcement of the $180M (or is it almost $400M now🤔) Avalanche Rush program.
Note that Aave and Curve are not even deployed yet.
Of course, the comparison may not be perfect and there are many hidden assumptions in here.
"Being early" can be a subjective definition and number of active addresses may not tell the full picture.
1/ Denominate in BTC and ETH to have a grasp over the relative value of your investment. Always be thinking about whether your coins can outperform them.
2/ Agency
Taking responsibility for your own investments and risks allows one to develop the conviction.
It may be mentally easier to offload the risk, copy trade and follow other people's recommendations but that's no way to build conviction.