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ICYMI: @Aptos has over $1B in native stables w/ average transaction fees of $0.00055.
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Netscape was founded in April 1994. The company went public in August 1995. Despite the 'young age', Netscape was able to produce a comprehensive 383-page filing w/ key information about the business. The lack of proper disclosures in crypto is 100% an incentive issue.
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Assuming the founders of Morpho haven't sold from their original ~15% stake, their combined MORPHO holdings are valued at ~$255 million today. Why does it matter? Long-term investors want to see core contributors have meaningful ownership & reasonable vesting schedules.
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ICYMI: Ethena (ENA) went public w/ a fully diluted market cap of ~$15-20B or ~3-4x the IPO valuation of @circle.
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ICYMI: @base's TVL surpasses $8 billion.
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