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ICYMI: Leverage in crypto has increased by $17 billion since January '23.
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fees = marketplace has paying customers revenue = marketplace is able to monetize by capturing a % of fees
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blockchains are not companies as defined by law but blockchains are businesses w/ 1) suppliers (validators) 2) owners (tokenholders) 3) customers (app developers & their users) blockchains sell a product (blockspace) to willing buyers at the current fair market price
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discuss
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"it's just a wrapper" a wrapper that 1) takes something of value 2) makes it more programmatic, and 3) embeds it into greater distribution is a potentially valuable wrapper!
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unironically big
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