really shows the scale of permissionless creation we have unlocked.
the barrier to entry for creating onchain has never been lower. this is exactly what a cambrian explosion of finance and culture looks like.
most experiments will fail and that is perfectly okay. it the necessary noise required to find the few signals that truly matter.
the sheer amount of experimentation happening is fundamentally a good thing. long term this is unbelievably optimistic for the space
Simon Dedic
@sjdedic
01-20
Major launchpads like PumpFun, Zora etc have now pumped out over 28 million unique tokens.
The aggregated mcap for all of them is around $3.2B.
We’re looking at an average mcap of $113 per token.
Read that again. Not $113 million. $113.
The trenches are dead.
Bullish.
I like this take
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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