Reflections on the State of Crypto: Q2 2024
AI summary of the linked articleThe author's Q2 2024 crypto reflection argues that a number of crypto projects and trends are working in serious ways, with stablecoins, Bitcoin spot ETFs, Solana and Ethereum cited as examples. Stablecoin supplies saw about $25B in net inflows year to date, and over $80B sat in Bitcoin spot ETFs as of early June. Solana's monthly active addresses rose 3-4x year over year, reaching a new all-time high in May 2024, while Coinbase's Q1 trading fees exceeded $1B. The piece also points to community-created AI models such as Botto, where $BOTTO holders help train the model, as a sign that crypto rails can reward taste and attention. |
 |
Recommended by 1 curator |
1 comment  A company could send coupons directly into their target customers’ wallets (because every account has an associated wallet). The coupons might be based on some mention of a similar product in a post the consumer created, or a post that the user liked. Why the hell do people always describe the ultimate vision of FC to be more aggressive advertising??? How bad has the lack of imagination in this space become? |
