David
@EffortCapital
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Head of Advisory @BlockworksAdv. Having fun onchain.
Joined June 2014
Coinbase aggressively moving onchain (h/t @jessepollak) is going to be looked back on as one of the greatest US corporate strategic moves in recent history. Wall Street still doesn't understand Coinbase, and it won't for some time. A CEX today, but tomorrow a platform
Base DEX volume driven by AI Agent tokens launched on @virtuals_io just hit a new all time high at 12% of total volumes
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Buying back your own token is dumb and should be the last thing you do as a revenue-generating protocol unless you’ve explored all other options for revenue expansion. If you HAVE to buy back, DONT burn it. LP it. Buyback and burn is the biggest psyop. For the love of God.
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I’m so over the L2 vs L1 debate (and what constitutes an L2 and what doesn’t). Literally nobody cares. Nobody even knows the answers to the semantics. We have enough secure blockspace. Build a consumer application. Pls.
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DeFi was supposed to bank the unbanked, but an overwhelming majority of dApps look terrible on mobile devices (which are the major way developing nations consume digital content). Crypto needs a mobile-first pivot asap.
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dYdX choosing cosmos stack should not be understated. They are leaders in DeFi - literal OGs. Your favorite CT trader that is bearish on this decision is upset because they have no alpha on Cosmos eco and regurgitate the same narratives they hear elsewhere.
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You’re bullish on Optimism, Arbitrum, Scroll, Linea, BASE, and ZKSync. I’m bullish on Celestia, dydx v4, Osmosis, Penumbra, Polymer, Stride, Neutron, Duality, Sommelier, and more. We are not the same.
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A big company is going to announce $ETH on their balance sheet soon. A big government is going to announce $VET will power a portion of their digital economy soon. Do you see anon?.
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The best AVS’/appchains (whatever you want to call them) historically, and will continued to be, built with the Cosmos SDK.
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Nobody:. Absolute no one:. Not a single soul on this Earth:. Aave Labs:
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We are so so so so so close of one of my crypto dreams of taking out a mortgage onchain and getting a better interest rate than traditional banks. Wen @jessepollak @brian_armstrong.
$COIN - COINBASE BRINGS BACK BITCOIN LOANS FOR US USERS THROUGH MORPHO: DEFILLAMA.
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Remember @Polymarket?. The general consensus was that post-Election volume would fall off a cliff and it would fade into irrelevancy. The reality?. Yes, total volume fell by 50%+ after the election, but sports betting volume as grown 25x in Q4 and is now the largest market on
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Cosmos: "I'd rather be right than make money.". Ethereum: "I'd rather make money than be the first.". Solana: "I'd rather be heads down building.". Avalanche: "Have you heard of subnets?".
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First time in years I’m unsure about Coinbase’s competitive position and growth potential. Robinhood has better distribution among retail traders. Stripe and Meta has better distribution among merchants and normal consumers in terms of stablecoin usage. The bet is on the.
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Watching Avi work is like MJ in his prime rn. Guy is a straight killer. No remorse for the protocols and their token holders. I’m here for it.
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Cosmos ecosystem is starting to have some fun again. Remember gents, this was the ecosystem that created Terra. Cosmos is the most creative-schizo community in crypto with deep cypherpunk ethos. Don’t fade it.
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anyone want to onchain lend this guy $5k at a 2% interest rate and in return you get a 2015 Les Forts de Latour, Pauillac as collateral. currently valued at ~$190?. RWAs baby. the future of finance.
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a Base ai agent token that:. - is going to leverage DeFi and issue bonds to buy BTC, and loop on @MorphoLabs . - owns 2% of an AI-assisted fund targeting a blend of large, mid, and small-cap AI opportunities. - if staked, gives you WL access to buy into other investment DAOs.
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UBS crypto report first paragraph calling out recent $ATOM outperformance. Institutions will be venturing into the Cosmos in a big way over the next 12-24 months.
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New COIN demand is due to overflow from capital allocators no longer willing to buy GBTC at a sub-10% discount to NAV. GBTC is a BTC ETF. COIN is a Crypto ETF. Few.
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I’m getting SOL $8 vibes from TIA rn. TIA is a bet on the onchain economy growing 100-1000x and the rollup vision being right. Hard not to be long here after it roundtripping its entire move since TGE.
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IBC did $100M in volume today. More than:. Arbitrum bridge. Stargate. Polygon bridge. Combined. Does Cosmos need to improve? Yes. But there is no second best.
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Did some math based on COIN valuation, Base revenue, and % staked COIN assumptions. TL;DR - youre probably not bullish enough on tokenized COIN. Based on current COIN valuation and February 2025 Base revenue (courtesy of @blockworksres' Superchain dashboard
you best believe when tokenized stocks become legal, COIN shareholders will be able to stake their COIN shares on @buildonbase L2 for revenue sharing.
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tokemak was literally one of the biggest and not talked enough about scams of this previous cycle.
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0.25 $VET is happening today whether you want to jump in or not.
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I cringed every time I told someone I worked in crypto at a wedding this weekend. Sideways chop/down is almost done.
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2 more weeks. $VET.
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COIN and HOOD are quickly converging towards the same end state but from two opposite beginnings (crypto onboarding tradfi & tradfi onboarding crypto). These two companies are aiming to be true fintechs - not simply wrappers over old financial rails. COIN is the better play. It
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Vibes
Last week, NEAR Co-Founder @ilblackdragon was touched on the arm by Jensen Huang, Founder of @nvidia 💻 . They were joined on stage by the other co-authors of "Attention is All You Need". Learn about that touch and the intersection of AI and blockchain:.
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If I see you flying first class to Brussels wearing your project’s swag, I’m shorting your token.
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No. $VET is the next $ETH.
$VET is the next $ZIL.
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One of the largest mispricings in crypto is AKT vs RNDR. Happy Thanksgiving.
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ATOM holders getting the largest airdrop in recent memory in the coming days with the launch of Neutron. NTRN wont have to pay security subsidy in its own token. We might have a token that doesn't have down-only price action for once. Its a new paradigm in the Cosmos eco. bm.
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Raising the min blob fee is the absolute worst thing Ethereum could do and am shocked that’s the solution being proposed (and accepted). Not only does it not solve the real immediate problem (scaling the L1), it makes Ethereum’s DA service less cost competitive than it already
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I tend to believe him. $VET.
I think $VET can break Top 5 cryptocurrencies by year end. Save this tweet.
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Florida bound - the journey begins. Recently married. New career in crypto. Up only fam.
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You see Ethereum ppl screaming at Solana ppl for creating things that sound kinda-sorta like Ethereum things. But you don’t see Cosmos ppl screaming at Ethereum ppl for creating things that sound kinda-sorta like Cosmos things.
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$VET flipped yesterday before weekly close. Long your longs.
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No evidence to support this, but I feel like the unspoken fact in crypto is that Paradigm and other “Tier 1” Ethereum Aligned VCs are 80-90%+ of the liquidity on Uniswap in order to make the rest of the DeFi markets work. They don’t care about the IL or the yield.
real question who are these people providing 9 figure liquidity on uniswap for essentially 0% APR while eating IL?. DM me if you want to make more money on uniswap v4 & bunni v2
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The “Superchain” will mostly be 50+ chains with no PMF, fragmented liquidity, <1k users, and tokens that go down only. Welcome to the Cosmos, Optimism.
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Avalanche is the most slept on tech stack on Xwitter:. SOVs.AWM.Firewood.Vryx.HyperSDK. It’s all coming together. Make sure to read the report below!.
Subnets are undergoing a series of major upgrades that put @avax on its way to becoming the best platform for building performant, custom blockchains. - Interoperability with AWM & Teleporter.- Easy customization with HyperSDK.- Record-setting performance with Firewood and Vryx.
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As a non-dev, I’m still very confused as to why this industry keeps investing in the EVM/solidity. What am I missing?. Truly. I need a legitimate answer.
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ATOM stake rate has increased from 62% to 65%+ over the past 1.5 months. Whats interesting is where this increase has come from. Over the past 24hrs alone, 1.5% of the entire ATOM supply (~$46M) has been staked to CB Custody by 3 addresses. Institutions are coming.
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I swear to God, if $DOGE gets into Top 5 I'm pulling out of everything and waiting for a huge crash. We are in a euphoric stage for normies.
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DePIN is the defining narrative of this cycle. Not modularity. Also, Greg Osuri is bald. That’s all imma say about that.
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