20 Crypto Hot Takes for 2022 + Beyond:
0/ Disclaimer: predictions are mostly done for fun and are not necessarily my investment theses. Timelines are mostly arbitrary just so I have some sort of benchmark.

h/t @richardchen39
1/ The low hanging fruits for DeFi have been built; the next billion to trillion dollar opportunities are in CeDeFi.
2/ Most DeFi protocols will end up looking quite similar - verticalizing into crypto banks.
3/ Total DEX volume will overtake total CEX volumes within 3 years - both spot AND futures.
4/ Self-hosted frontends for DeFi will grow to 30-50% of all DeFi usage within 5 years.
5/ Staking derivatives will expand total value locked in DeFi by 5x within the next year (staked value of top 20 PoS protocol is already = total cross-chain DeFi TVL).
6/ >50% of DeFi users will have onchain identity + credit score equivalents within next 3 years.
7/ At least 50% of the largest DeFi protocols by market cap will be built by mostly anonymous teams within 3 years.
8/ Optimistic Rollups will account for <20% of total L2 usage within 3 years.
9/ Ethereum will overtake Bitcoin in market cap...eventually.
10/ NFTs can and will transcend their underlying blockchains and individual metaverses.
11/ Value increase in top performing quartile NFTs will outweigh total revenue generated on the top NFT marketplace over the next 5 years.
12/ Most users will not care if they are using a fast L1 or a L2.
13/ The most popular L1 <> L2 / L1 <> L1 / L2 <> L2 bridge will do more daily volumes than the most popular CEX today within 3 years.
14/ Most users on the most popular dapp in 5 years won't know they are using a blockchain.
15/ One of the 5 most active and largest VCs within the next 3 years is a DAO.
16/ A DAO purchases a well-known Web 2 company and tokenizes it within the next 5 years.
17/ L1 Ethereum will account for <20% if all crypto activity by volume within 3 years.
18/ >50% of DeFi volume will be KYC’d within the next 5 years.
19/ At least one top 5 gaming studio will enter NFTs within the next 2 years.
20/ We will not see prolonged 80%+ drawdowns in most top 10 coins anymore.
If you found any of the above interesting, I will expand on some of these on my newsletter. You can subscribe here:


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More from @mrjasonchoi

11 Oct
🚨 Crypto Jobs Thread Oct 2021 🚨

The best investment is in yourself.

If I were to start over again in crypto, here are the most exciting opportunities that I will apply for.

Retweet for visibility!
@dydxprotocol: Fastest growing futures dex

DeFi exchanges overtaking centralized exchanges was a dream 2 years ago. dYdX has done that.

@AntonioMJuliano is also a visionary OG in DeFi!

Roles: growth, Android eng, product design, SWE, HR

@DuneAnalytics: the front page of crypto

Dune is a platform for community-curated crypto data.

This is a great way to keep a finger on the pulse of every major project + work with many top teams.

Roles: front-end/back-end eng, PM, SWE

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25 Sep
They say the real alpha in conferences is in side events where you meet people.

Here’s what people were talking to me about at the side events, over cocktails and dinners at Mainnet @MessariCrypto 🧵

With $SOL crossing $8B in TVL, $AVAX rocketing to $3B, and $LUNA at $8B, alternative ecosystems are no longer dismissed as vaporware.

They are by and large accepted as parallel solutions to scale throughput for an increasingly mainstream audience.

@axelarcore was a sponsor at the event, but I’ve had a few conversations about @ConnextNetwork @LayerZero_Labs as well.

Multi-chain, which was contrarian 3-4 years ago, is now consensus and the attention is shifting to cross-chain bridges.
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8 Sep
An update: here's what major L1 protocols look like if we use TVL as a proxy for usage
Few personal thoughts:

1/ $ETH: @arbitrum is slowing creeping up in volume, but I think the space is underestimating the impact of L2s on usage because of current fees, which will come down over time

@dydxprotocol token trading soon may draw attention to @StarkWareLtd too
2/ $AVAX: price has tumbled the most. >50% of the OI has been wiped, leverage pretty much reset.

Meanwhile, @binance re-enabled C-Chain withdrawals + @pangolindex liquidity mining (will @traderjoe_xyz follow or lose momentum?) + Rush + @CurveFinance @AaveAave are compelling.
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With all the attention on @avalancheavax lately, here are some tips for those who are bridging their assets across for the first time.

Thread 👇
1/ As part of my work, I've played around with most cross-chain bridges that came live the past 6 months... and I had the best experience with @avalancheavax hands down.

It's extremely easy to send $ETH assets over to Avalanche with: bridge.avax.network
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Clever design choices:

- Shows live confs so you know what's going on
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Whole process takes a few mins
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1 Aug
Starting a fund vs. being an angel investor

A thread 👇
0/ Many friends found success investing in crypto with their personal capital this year, and a few have asked me whether they should start a fund.

I'll share some learnings from the past 3 years helping scale a fund from square 1.
1/ ~3 years ago, @TheSpartanGroup launched its fund arm with $10m and 2 people.

Today we manage >$200m across two main funds (liquid + venture), with a 5 person investment team + additional support team.
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13 Jul
Is Uniswap the best model for decentralized exchanges?

Some notes from my discussion with @hosseeb & @GandalfTheBr0wn 👇
1/ There's a few dozen decentralized exchanges today.

Most of them can be grouped by how makers and takers interact. See below:
2/ In @Uniswap, liquidity providers and market makers are one and the same (less so with vaults on top of v3).

Those who provide capital are basically market makers who employ the same strategy: the simple but effective "x*y=k"
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