Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Joseph Young Profile picture
@iamjosephyoung
Nov 12 • 1 tweets • 1 min read • Read on X
tokenization and stablecoins are the 2 biggest metas for the next few years.

ethereum dominates tokenization.
$201 BILLION of assets are tokenized on ethereum.

all other chains combined? $113 billion.

ethereum is THE network trusted by institutions. Image
Image

• • •

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

Keep Current with Joseph Young

Joseph Young 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 @iamjosephyoung

Joseph Young Profile picture
Feb 8, 2022
Some brief thoughts on the U.S. seizure of $3.6 billion from the 2016 Bitfinex hack.

It's not as simple as bullish or bearish for $BTC.

Very brief thread.

(1/4)
Important points:

- If sold, it will be sold gradually. ($160m
per month for 18 months h/t @AviFelman )
- When these funds would enter the market is unclear.
- Positive press from recovery of major hack.
- Expect a long legal process for regaining the funds.

(2/4)
As is with all legal process, it will be a tedious one for Bitfinex to regain the $3.6 billion.

So, when this would happen is totally up in the air.

During that time, the market is more likely to price this in.

$160m a month for Bitcoin is really not a lot.

(3/4)
Read 4 tweets
Joseph Young Profile picture
Aug 17, 2021
Hashed bought $3 million worth of $SUSHI in the market over the past month, and intends to hold it over the long term.

At Hashed, we are optimistic about the Sushi ecosystem.

Here is why. (1/5)
Sushi started off as an AMM fork of Uniswap.

But now, it is a comprehensive ecosystem and a suite of DeFi products.

Projects launch on Sushi's Miso, list on SushiSwap, and lend and borrow through Kashi. (2/5)

Sushi's figures are quite incredible.

- $100 billion all-time volume
- $400m+ 24 hour volume
- Over 375,000 total users. (3/5)
Read 5 tweets
Joseph Young Profile picture
Apr 27, 2021
Binance Smart Chain vs. Ethereum.

Let's look at some simple metrics.

tl;dr: at least in the foreseeable future, BSC remains a strong alternative to Ethereum, particularly in Asia.

My guess is Ethereum would see more activity again when Optimism and other layer twos launch.
1. Daily TX volume

Binance Smart Chain: 8 million txs/ per day
Ethereum: 1.5 million per day

But, this does not take into account xDAI and other practical layer 2 solutions on Ethereum that are currently in use.
2. PancakeSwap vs Uniswap + SushiSwap TVL

- PancakeSwap: $8.7 billion
- Uniswap: $6.5 billion
- SushiSwap: $4.2 billion

Many people stake on PancakeSwap to participate in their farms and pools. So it would be more fair to compare PancakeSwap versus. Uniswap + SushiSwap.
Read 7 tweets
Joseph Young Profile picture
Mar 11, 2021
An NFT thread!

The NFT craze has reached a fever pitch, but investors are becoming savvy and keen on finding utility for their non-fungible assets.

This is leading to a new class of NFTs that provide users with utility. Here are some thoughts on 2 projects that I like.
I'm not sure about you guys but I grew up playing Pokemon trading cards and playing Pokemon on my Gameboy.

While I'm not into art NFTs, I've been increasingly interested in NFT projects focused on gaming like Axie Infinity and ChainGuardians.
NFTs have existed for quite some time (think CryptoKitties), but they only started gaining widespread traction within the crypto space recently.

My opinion is that “DeFi summer” led early investors to “diversify” their portfolios by directing funds towards digital artwork.
Read 11 tweets
Joseph Young Profile picture
Feb 27, 2021
A DeFi Thread!

@VesperFi (vesper.finance). An undervalued project that won’t stay under the radar for long. Vesper, offers top class yield aggregator pools, Ethereum L2 integrations coming soon and $340M TVL.

I'll continue to thread projects I'm interested in.
The project’s co-founders are former bitcoin core dev Jeff Garzik (Jeff was working with Satoshi himself since 2010) and Matthew Roszak, both also co-founders of leading blockchain infrastructure company @bloqinc.
Vesper’s aim is to build a platform for easy to use DeFi products that will bridge the gap between the dynamism and “test in prod” approach of the existing DeFi space and the professionalism and ease of use necessary for DeFi to reach mainstream adoption.
Read 21 tweets
Joseph Young Profile picture
Feb 23, 2021
A DeFi Thread!

Dark pools, liquidity constraints, high fees, and a single solution to these bottlenecks — a thread about Wootrade Network $WOO.

What could be one of the market’s next blue chip tokens backed by backed by Dragonfly, 3AC, and Fenbushi.

More below 👇
Fair disclaimer before I dive in. Our fund @linkpadvc is an investor in $WOO, and we’re incredibly optimistic for its future.

We will be assisting them in business development and helping to roll out some exciting plans.
Background on @wootraderS: the project was established in 2018 by a 2-man team with a goal of building liquidity black pools for exchanges to tap into.

The team grew exponentially, with 60+ employees in total with their executive team having some impressive work experience.
Read 12 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

Don't want to be a Premium member but still want to support us?

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

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

:(