Trafficking on-chain
Joined December 2023
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People are fudding $cards too early.
99% of collectables are not tokenized yet. Yes there will be price volatility as the space heats up but the logical end point for most collectables is on-chain tokenized and verifiable.
some thoughts on $cards
at current prices i’m bullish on collector crypt and the collectibles industry in general but i think that sector is starting to show signs of froth, and the blow off top rally may be coming soon.
“at the top signs of froth are indistinguishable from signs of adoption” - zhu su
the ripmart integration will likely be a zero to one moment for collectibles as it increases the distribution for tokenized collectibles massively. current demand for collector crypt comes primarily from crypto native speculators but ripmart opens that up to the broader collectible market participant.
ripmart significantly reduces the friction and pains associated with the current collectibles system. the average collectibles investor is not familiar with the instant liquidity that collector crypt offers. it’s now easier to sell collectibles than ever. that reduced friction goes both ways. previously that friction forced people to hold for longer and that illiquidity is what pushes prices up exponentially.
if prices stop going parabolic does the hype continue?
unlikely. at this point most of the people entering the collectibles market are doing it from a profit perspective because they see other people on tik tok making insane gains on their pokemon cards.
if ripmart gains traction amongst the average collectibles investor, we’ll likely see a massive spike in volume, which will be good for collector crypt because all that volume is routed through their platform. however, i don’t see how that volume is sustained on a longer time frame. people will argue that it’s onboarding new capital to collectibles, but the more likely scenario is that it just gives existing collectors a new way to trade collectibles. minimal new money in.
i continue to hold cards but will be looking for signs to start taking profits as we go deeper into the collectibles mania. think some of the top signals the nfts market showed near the top will appear in the collectibles market as well.
We’re still in PvE mode.
What @LaunchOnSF is doing with reflection tokens and auto airdrops to holder wallets is only possible on the Solana blockchain.
We are still early. The entire $STONK ecosystem could easily 10x over the next few months.
Stonkfun revenue is trending down over the past few days and the price reflects it.
The market sees the bear case for $STONK as being a lack of volume creates a death spiral for @LaunchOnSF ecosystem tokens.
We might not have found bottom yet for Stonkfun revenue and volume but what the market misses is that what StonkFun does is only possible on Solana.
If a competing launchpad on Robinhood chain like @longdotxyz or @ponsdotfamily tried to do reflection memecoins they would be burning orders or magnitude more in transactions fees to airdrop the tokens.
Stonkfun and reflection tokens are only economically possible on Solana, not Robinhood chain.
The meta is here to stay and Stonkfun is still in pole position.
Using AI to vibe a complete NFT collection was inevitable. Can't wait to see what people (and agents) cook up.
Now that we’re live, now what?
Typically when a new token launcher goes live all that happens is a wave of new shitters enters the market.
NAT.FUN makes things way more interesting than that.
👇 is a simple breakdown 🧵 of how to get involved and begin your NAT creation journey 1/
NFTstrategy is making more in 24h revenue than Pumpfun, yet Pumpfun is valued 35x more expensive than $PNKSTR.
The market still does not understand that what @Rhynotic has created is no different than other revenue meta darlings like PumpFun and HyperLiquid.
Full port PunksStrategy, the market will re-rate $PNKSTR many multiples higher once people grok this.
SquiggleStrategy is the best performing NFTStrategy token over the last 2 days.
The thesis that $SQUIGSTR will become the "artblocks token" is playing out. It will be the most liquid way to get exposure to generative art.
Been watching the NFTstrategy ecosystems very closely.
NFA but feels like ToadzStrategy by @token_works is a powder keg waiting for a fuse to light.
$TOADSTR has bought and has listed 2.3% of the entire Toadz supply. If those get bought that's over $600k in buy-back and burns on a $4 million market cap token.
Outside of the Bitcoin ecosystem the project that has me most excited is NFTstrategy by @token_works
Truely a novel and innovative use of Uniswap v4 hooks
Would love to see similar on-chain perpetual acquisition vehicles for Bitcoin Ordinals projects
This is just the beginning of the DMT $NAT flywheel
Thrilled to partner with the TAP Protocol team @tap_protocol to integrate additional miner rewards via the DMT-NAT token per block!
This collaboration underscores our shared commitment to strengthening Bitcoin’s security budget and supporting sustainable mining incentives.
Together, we’re building a more resilient and innovative Bitcoin ecosystem.
#Bitcoin #Mining #TapProtocol #SpiderPool #Blockchain #CryptoInnovation
With restaking tokens starting to find price momentum, @babylonlabs_io here is looking really good.
Babylon TVL is pushing new all-time highs and is now the 10th largest protocol by TVL and the largest that is just Bitcoin focused.
$BABY at a $600 million FDV feels cheap relative to other top TVL protocols on Defilama.
Quantifying the strength (or lack there of) Bitcoin’s security budget adds further support to the DMT $NAT narrative.
Bitcoin has a security problem. Miners aren't going to make enough from block rewards and fees to incentivize sufficient hashpower to secure the chain.
Bitcoiners know it's a problem but they are kicking the can down the road. They are assuming that everything will magically work itself out. It will not unless deliberate action is taken.
I think the Bitcoin security narrative will become much bigger in the quarters and years ahead. Projects close to this narrative will only continue to attract capital.
Projects like DMT $NAT or BTC staking with Babylon are well positioned to offer solutions to the BTC security budget problem.
This is a narrative to watch going into 2026 and beyond.
There will be a proof of stake finalizing gadget which stakes btc - the og ETH roadmap of hybrid pow-pos.
Solves the security budget problem requiring only a small total transaction fee to maintain a whole bunch of staking.
Switching out of pow or changing 21M btc neither make sense “intersubjectively”.
This is a possible Babylon end game that @dntse and I used to discuss a lot 4 years back before I started Eigenlayer.