"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.

But anon, are you joining or are you hfsp?

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Bailey T

Bailey T Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @bottomd0g

20 Jun
Great listen on high conviction bets by boss @kyled116 on @UpOnlyTV
Some personal takeaways and reminders for myself 👇
uponly.tv/kyle-davies-of…
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.
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(