its like polyamory but with sentient ai

This newsletter-style roundup covers crypto news from a week in late 2024, including ENS Labs planning a Namechain L2 for domain name service, a Degenchain dispute with infrastructure provider Conduit, and an interview with Kel about memecoins and AI tokens. Degenchain, an L3 built by the DEGEN community, accuses Conduit of mishandling an upgrade that caused a 50-hour outage and a sharp drop in bridging volume, while Conduit says it has supported Degenchain's offboarding efforts, though Degenchain has not signed the offboarding contract. Kel reflects on his "Memecoin Supercycle" thesis from March, saying he underestimated the continuous emergence of new tokens achieving massive gains, and he discusses growing interest in AI tokens such as $ai16z and $zerebro.