The recent @coinbase decision to launch a new L2 @BuildOnBase just showed us what the future of DeFi will look like.👀
While influencers are copy-pasting boring and useless technical stuff from blogs, we'll discuss only what matters.⚠️
How to maximalize your profit from this:🧵
While influencers are copy-pasting boring and useless technical stuff from blogs, we'll discuss only what matters.⚠️
How to maximalize your profit from this:🧵
Last year, we have seen a boom in L2s.
This announcement will make them even stronger.
Today, you won't learn unuseful:❌
•Techincal stuff
•TPS comparison
•FEE comparison
But, you'll learn how to analyze the crypto market to make generational wealth.💰
BONUS at the end🤫🎁
This announcement will make them even stronger.
Today, you won't learn unuseful:❌
•Techincal stuff
•TPS comparison
•FEE comparison
But, you'll learn how to analyze the crypto market to make generational wealth.💰
BONUS at the end🤫🎁
1/ Why L2 and not L1?🤔
@coinbase could have launched a new L1, but they chose L2.
Why?
Could they finally win a battle against @binance and their BSC $BNB?
In my opinion YES.
Here's why:👇
@coinbase could have launched a new L1, but they chose L2.
Why?
Could they finally win a battle against @binance and their BSC $BNB?
In my opinion YES.
Here's why:👇
2/ Crypto market is oversaturated with L1s.
Also, Coinbase is based in US.
Legally, it's much easier to comply with shaky laws when you build L2 on top of $ETH.
For launching a new L1 they would need a new token, and it could become classified as a security.
Here's the catch:
Also, Coinbase is based in US.
Legally, it's much easier to comply with shaky laws when you build L2 on top of $ETH.
For launching a new L1 they would need a new token, and it could become classified as a security.
Here's the catch:
3/ They choose to launch a new L2 because:
They want to position themself where devs are.
And devs are where other devs and users are.
Where are most of them?
On $ETH and L2s(@arbitrum, @optimismFND).
$ETH has the largest dev community with endless dev resources.
They want to position themself where devs are.
And devs are where other devs and users are.
Where are most of them?
On $ETH and L2s(@arbitrum, @optimismFND).
$ETH has the largest dev community with endless dev resources.
https://twitter.com/CryptoGideon_/status/1615468606183333889
@arbitrum @optimismFND 4/ Future of DeFi is on @ethereum
Why?
They chose to build on top of #ETH.
Also,
at the start of the blog, they clearly BOLDED:
"We have no plans to issue a new network token."
Transaction fees are paid in $ETH.
The same is for Optimism and Arbitrum.
And then it hit me:
Why?
They chose to build on top of #ETH.
Also,
at the start of the blog, they clearly BOLDED:
"We have no plans to issue a new network token."
Transaction fees are paid in $ETH.
The same is for Optimism and Arbitrum.
And then it hit me:
https://twitter.com/coinbase/status/1628760205692485633
5/ This is bullish for $ETH:🚀
Even though we are in a bear market, ETH is already deflationary!
In the bull market, this will result:
•Demand⬆️
•Burn pressure⬆️
•Supply⬇️
•Price⬆️
A decade's most obvious investment?
Even though we are in a bear market, ETH is already deflationary!
In the bull market, this will result:
•Demand⬆️
•Burn pressure⬆️
•Supply⬇️
•Price⬆️
A decade's most obvious investment?
6/ Look at @0xPolygon
Why $MATIC has such strong partnerships?
Do you think there are no faster, cheaper, and more decentralized chains than $MATIC?
Of course, there are.
But, Polygon established itself as a $ETH sidechain.
And big corporations know the future is on #ETH.
Why $MATIC has such strong partnerships?
Do you think there are no faster, cheaper, and more decentralized chains than $MATIC?
Of course, there are.
But, Polygon established itself as a $ETH sidechain.
And big corporations know the future is on #ETH.
@0xPolygon 7/ Why not a new token?
Same as with @arbitrum, they DON'T NEED it.
Their goal is to serve and solve problems.
Not to make someone rich with a speculative token.
Also, they probably want to minimize fake volume by airdrop hunters.
Speculation and volatility era over?
Same as with @arbitrum, they DON'T NEED it.
Their goal is to serve and solve problems.
Not to make someone rich with a speculative token.
Also, they probably want to minimize fake volume by airdrop hunters.
Speculation and volatility era over?
https://twitter.com/1610335108455620609/status/1628454950027120640
@0xPolygon @arbitrum 8/ Maybe.
That should motivate you to:
•Learn
•Improve
•Research
•Take action
•Educate yourself
Because this might be a once-in-a-lifetime opportunity to make generational wealth.💰
Don't miss it!⚠️
That should motivate you to:
•Learn
•Improve
•Research
•Take action
•Educate yourself
Because this might be a once-in-a-lifetime opportunity to make generational wealth.💰
Don't miss it!⚠️
https://twitter.com/CryptoGideon_/status/1617937213433729024
@0xPolygon @arbitrum 9/ BONUS🎁
Since you can't invest in @BuildOnBase directly as an ecosystem, you will have to do it on a Dapp layer.
Some small Market cap projects have already partnered with Base.
Could this be a new meta/narrative?
Who knows...
Maybe @CryptoKaduna knows?👀
Since you can't invest in @BuildOnBase directly as an ecosystem, you will have to do it on a Dapp layer.
Some small Market cap projects have already partnered with Base.
Could this be a new meta/narrative?
Who knows...
Maybe @CryptoKaduna knows?👀
https://twitter.com/1103404363861684236/status/1629492228166152195
@0xPolygon @arbitrum @BuildOnBase @CryptoKaduna 10/ Why a new L2 and not an existing one?
CEXs are losing market share to DEXs and DeFi.
If they don't adapt, they will go bankrupt.
To do that they want full customizability.
@TheDeFinvestor wrote a great thread about this topic.👇
CEXs are losing market share to DEXs and DeFi.
If they don't adapt, they will go bankrupt.
To do that they want full customizability.
@TheDeFinvestor wrote a great thread about this topic.👇
https://twitter.com/1395365515779055616/status/1629083425805328385
11/ Summary👇
Crypto future is:
• L2s
• Onchain
• Multichain
• Decentralized
• $ETH ecosystem
Position yourself according to that.
Invest where money flows, not in what you like.💸
We are here to make money, not to become fanboys.⚠️
Crypto future is:
• L2s
• Onchain
• Multichain
• Decentralized
• $ETH ecosystem
Position yourself according to that.
Invest where money flows, not in what you like.💸
We are here to make money, not to become fanboys.⚠️
Tagging chads you need to follow:
@0xCrypto_doctor
@JumperWave
@hc_trades
@CryptoDamus411
@DeFiSurfer808
@rektdiomedes
@LouisCooper_
@resdegen
@DefiIgnas
@WinterSoldierxz
@0xTindorr
@ViktorDefi
@cyrilXBT
@0xCygaar
@TheDeFISaint
@ThorHartvigsen
@midoji7
@0xAlan_
@thedefiedge
@0xCrypto_doctor
@JumperWave
@hc_trades
@CryptoDamus411
@DeFiSurfer808
@rektdiomedes
@LouisCooper_
@resdegen
@DefiIgnas
@WinterSoldierxz
@0xTindorr
@ViktorDefi
@cyrilXBT
@0xCygaar
@TheDeFISaint
@ThorHartvigsen
@midoji7
@0xAlan_
@thedefiedge
@0xCrypto_doctor @JumperWave @hc_trades @CryptoDamus411 @DeFiSurfer808 @rektdiomedes @LouisCooper_ @resdegen @DefiIgnas @WinterSoldierxz @0xTindorr @ViktorDefi @cyrilXBT @0xCygaar @TheDeFISaint @ThorHartvigsen @midoji7 @0xAlan_ @thedefiedge Thanks for reading, you are a GEM.💎
If you enjoyed this thread:
1. Follow me @CryptoGideon_ so you won't miss more VALUABLE threads.
2. RT the tweet below to help others find more about DeFi and crypto insights.
Hope you found this helpful.🙏
#1percentbetter @NFT_GOD
If you enjoyed this thread:
1. Follow me @CryptoGideon_ so you won't miss more VALUABLE threads.
2. RT the tweet below to help others find more about DeFi and crypto insights.
Hope you found this helpful.🙏
#1percentbetter @NFT_GOD
https://twitter.com/1610335108455620609/status/1629842845925355520
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