NEAR Intents just crossed the $5B all-time volume -> done in nearly 8.5M swaps across 22+ chains
> $7.43M total generated fees > $2.81B volume in the last 30 days alone (>50% of the total) > 526,199 unique addresses in the last 30 days > NEAR Intents had 54% of the cross-chain market share on Friday
> "decentralization is a lie" > "everything is a scam" > "it's over, crypto sux because my project didn't perform well" and similar...
these are the easiest red flags for larpers
-> lot's of interesting things happening right now -> we are at the decentralization golden age -> don't let yourself be distracted by the larpers
look around - expand your vision!
crypto is still as revolutionary as it were before look away from the charts and into the solutions
-> i've never been this excited about the future for crypto -> zcash and near have been making me super optimistic -> dash is another one that continues to positively surprise me -> zano, nano, beam, starknet, icp... all building for the future
> "decentralization is a lie" > "everything is a scam" > "it's over, crypto sux because my project didn't perform well" and similar...
these are the easiest red flags for larpers
-> lot's of interesting things happening right now -> we are at the decentralization golden age -> don't let yourself be distracted by the larpers
look around - expand your vision!
crypto is still as revolutionary as it were before look away from the charts and into the solutions
-> i've never been this excited about the future for crypto -> zcash and near have been making me super optimistic -> dash is another one that continues to positively surprise me -> zano, nano, beam, starknet... all building for the future
Everybody talking about the 16 blockchains with freezing abilities, per Bybit’s Lazarus Security Lab report
Crazy stuff, right? > I don't think this should be possible at all > Kills a huge part of crypto's value proposition, imo
SUI, however, can do more than just freeze funds
During the CETUS hack earlier this year, the Sui Foundation, in collusion with OtterSec and Cetus Protocol, demonstrated they can also seize (steal?) funds from any account they want if endorsed by the SUI community via a rushed and highly emotional onchain vote
> The governance process is a different discussion > If anything, this event proved that they CAN do that > Which is bad enough even if people can justify the process
Far worse than simply freezing, isn't it?
Crypto means nothing if someone can arbitrarily freeze and seize funds
> currently below 4.82M ZEC shielded (29.4%) > it's aligned with the price action (price follows) > this is a one-week time frame chart
Healthy movement, imo - as many whales are sitting on >1,000% increased purchasing power, and it's expected that they want to realize some of that or rotate part of it to other assets
I would like to see these numbers growing above 5M again soon after some consolidation so we can have another healthy and sustainable growth in other areas (like price and adoption)
Shielded $ZEC is the chart that matters the most (still a fantastic chart if you zoom out, btw - i'm bullish)
Using price action as a justification for low morale is a weak excuse for overlooking bigger issues that might be causing that
Zcash pre-pump was a great example NEAR right now is another one
Two projects with poor price action for a loooong time Yet, the sentiment was/is still highly positive, and people are still super excited about the vision and the utility both $ZEC and $NEAR are bringing to users despite the chart boredom
Negative sentiment and low morale usually have other explanations than just price action (which will often, but not always, reflect that -- as the market tries to price these issues)