Used @usemoonshot for a few days
It was quite shocking. The biggest feeling is that the survival space of CEX may be further squeezed in the future, and small CEX will have a harder time. I once thought that CEX could not always be the only one in the world, but I didn't expect that the triggering point of this trend might be caused by the sudden meme wave. Let's talk about Moonshot first. This is an APP trading software that only speculates on memes. The user interface is very friendly. It can be downloaded directly on Android and iPhone. It is a fool-proof operation. I personally think that the most amazing thing is that it has occupied the middle regional market between CEX and pure chain, and has opened up the legal currency deposit and withdrawal channels of most countries (Applepay), making the threshold for speculating on memes extremely low. They should have a team dedicated to screening popular mem coins, and they have a good sense of new products, especially some popular memes on SOL are listed very quickly, such as $GOAT, which has increased by about 30 times after being listed on moonshot.
For veterans, I think it can be used as a market observation software to break through the information cocoon of the Chinese circle. I believe this was developed by a foreign team. Their tastes in choosing memes are very different from those of the Chinese, but recently some foreign consensus memes have also risen very well, such as spx (625M) and FWOG (200M). For novices, it is of great significance. Before, it was really hard for me to teach new friends to join the circle. I had to teach them how to download, kyc, deposit and withdraw, and even more on the chain. Now with moonshot, they can download and applypay to charge money in minutes and start gambling happily. Moreover, a professional team helped them screen out a large number of crappy memes. Although there are fewer super early dividends, it also greatly reduces the chance of being rugged, which is the easiest pit for novices. (Here is a registration portal: https://moonshot.money/?ref=741Jjy38xn) Why is CEX affected? As VC coins begin to be unpopular, more and more funds begin to play dumbbell style, either engaging in large coins and blue chips, or rushing memes. Second- and third-tier exchanges will be the first to be affected and will have a harder time. After all, their main market differentiation is their keen sense of smell for new coins with increased traffic, and big coins will definitely not be able to beat big exchanges. But when the market traffic coins all become memes, it is hard to say whether they can react faster than this kind of professional meme app. From the user experience point of view, CEX is burdened with various businesses and modules before, and it is impossible to cut off other pure apps that are lightly equipped. Therefore, as the meme trend continues, it will become increasingly difficult for small exchanges to make money by charging money to list new coins, or by using new coins to increase popularity and reap the benefits. The original users may be diverted, either to play on pure chains or to play on professional apps. For first-tier large exchanges, they are also facing the impact of the meme trend. Not to mention that as VC coins become less and less popular, their market value will decrease and their trading volume will shrink. More importantly, more and more large-cap memes are beginning to emerge without the help of CEX. For example, $POPCAT is not listed by any major exchange such as Binance, CB, OK, etc., but its market value has reached 1 billion and has been successfully maintained for a period of time. Similar ones include $MEW $BRETT $MOG, etc., which are all close to level 10. In terms of trading volume, the daily trading volume of $MEW and $GOAT is close to or reaches 200 million dollars.
When more and more memes find that they can reach a volume of 1 billion or even higher without relying on first-tier CEXs, and the transaction volume can also exceed 100 million, then whether to be listed on an exchange becomes less important. When new cryptocurrency users come only to be obsessed with all kinds of cute and colorful memes, will they just stay on a simple meme trading app? After all, when we entered the circle, registering a CEX was a necessary step, and we were also instilled with various fundamentalist ideas of Web3 at the first time, and assumed the transcendent status of Bitcoin, Ethereum, etc. What about the people entering the market now? If all they see when they come in are memes, and the cryptocurrency circle they understand is just memes, then do you expect them to use the money they earn to build faith in other coins? The concept of on-chain Perp has gradually begun to mature in the past two cycles. Although the transaction volume of all on-chain Perps added together is not a fraction of the Binance contract volume. But @HyperliquidX
The rising momentum cannot be completely ignored. I won't elaborate on it here.
Conclusion: I totally agree with @forgivenever
In a word, the rise of Meme is a punishment for the greedy and rigid industry vested interests. Is Meme equal to Web3? I don’t believe it, but how long and to what extent can it rise? If the builders and VCs under the banner of the construction industry do not consider the interests of retail investors and continue to play the trick of blowing bubbles and throwing them to retail investors, then this "anti-Wall Street movement" may continue until the former feel the pain (now many people should have felt the pain, after all, even @Scroll_ZKP
The price of Binance Pool is cheaper than the cost of institutions, not to mention other things). Perhaps this deadlock can only be solved when the Tianlong people can no longer take it for granted that a story valuation of billions of yuan will be thrown to VCs and someone will take it up. As for now? Just throw yourself into the bubble of Meme
