bread.mega @bread_

@ggmxbt A generalized platform won't be able to go as far down the niche curve as a specialized one, but it's not a bad insight

@Anomico5 Have you visited TopStrike or Prism recently?

Team that has been quietly building on Mega for awhile now. Ready to see them enter this next phase post-raise, and ultimately make their way to mainnet so that users can play with net-new assets onchain.

MNX @MNX_fi

6 hours ago

Excited to announce we’ve raised $6.4M to build MNX, the AI exchange!

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They're also hiring: x.com/MNX_fi/status/…

MNX @MNX_fi

6 hours ago

We're hiring for growth, dev, and trading roles. If you are fully AI-pilled and want to build the financial infrastructure for the AI economy, we want to hear from you. mnx.fi/jobs

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Agreed, but it's a matter of "what's the relative revenue ceiling of that congested space for a chain of X scale?" Ethereum is pretty damn adopted, and pricing on that is a 700x multiple from last year, which is on pace for a 4,000x (!) multiple this year at a 200b ETH FDV. Then you think about what it would take for any net-new or young chain to reach Ethereum-levels of adoption and you realize just how fraught that path is

@MrCampbell Data bears that out too. Top 2 slots make up like ~80% of fees. Point of the post was mostly to make the same point you're making, and that "payments" isn't the thing to stake your rep on/optimize for. I view them as a loss leader, largely.

I think the sheer scale required to make them worthwhile is going to shock a lot of people. It far exceeds the capacity of ~all chains. E.g. for Base → Stable transfer costs ~$0.0002 → If you completely filled Base blocks the gas limit with these tx (the point where it would trigger eip1559 gas hikes) it can support ~1.5k TPS → Doing this for an entire year, sustained, generates ~$9.5M A full year of maximum capacity lol. It would only take ~$315M of stablecoin TVL to match that number. Hyperliquid converting their USDC balance to yield bearing is generating 10x that already. Agentic or human payments are a blip of a blip when it comes to make capture. They're basically meaningless. You want agents paying priority fees. You do not want agents transferring stablecoins.

AJC @AvgJoesCrypto

4 weeks ago

I actually don’t think there’s anything more consensus in this industry then agentic payments being the future. Here’s the actual hot take: Blockchains pursuing agentic payments are wasting their time and will never make any meaningful revenue from it.

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Reminder: Wallet Submission Deadline Tomorrow Please submit your wallets before the Terminal wallet designation period ends tomorrow, June 10th at 11:00 AM EST. To update your information, visit terminal.megaeth.com. After the deadline, wallet submissions will close and all profile changes will be locked. If you do not delegate a wallet, all rewards will be forfeited. Rewards will be distributed automatically to eligible Terminal participants' delegated wallet addresses the following week.

@JoestarCrypto @kantianum Still being worked on but focus has shifted to a strengthening chain activity (so that proximity becomes appealing)

We're at a point of valuation divergence that will dictate your chosen path for ecosystem building strategy. Path A: You fundamentally believe that traditional models will win out wrt valuations and value accrual is needed, then you build up additional revenue streams outside of tx fees. Mostly in the way of first party products (trading venues, lending platforms, native stablecoins, block building architecture, etc). These revenues can scale and justify the tens-to-hundreds of billions in token FDVs. Path B: You think blockchains can survive with an AWS model where ~everything is cheap/free and compress further as they scale. Within this, a small subset of users spend for top of block/congestion to justify the model (and valuations) of native tokens. @hosseeb articulated this path well on @therollupco recently, but I don't think this wins out long term for one major reason: it requires scale. Immense scale. Scale that we will not see in any short-med timeframe for a single execution environment (you can miss me with multiple chains representing value accrual to "one" chain). As an example, here are the numbers run against a full-capacity Base over the course of an entire year for stablecoin payments (it's ~$10m in revenue) x.com/bread_/status/… tx fees are just not a strong value capture mechanism and the data load of these systems, even at current levels, are absolutely shattering surrounding infrastructure. Imagine if we actually scaled to the levels needed to reasonably justify hundreds of billions in valuations (we're talking millions of TPS for a single chain). It also ignores major macro trends of users and capital deployers: 1. Stablecoins being used for everything (token sales, trading, gaming, etc) > This makes the "moneyness" premium compress heavily 2. Usage and app/capital deployment dispersal across not-maximally-decentralized blockchains First it was Ethereum relative to Bitcoin. Then it was Solana/Tron/BSC relative to Ethereum. Now it's Hyperliquid/Canton/Tempo relative to Solana/Base. I firmly believe that this trend will continue because it's both convenient for users (better UX) and useful for institutions (more "traditional" features). There are very, very few chains that will be able to just have a token exist and because there are apps on top of it that may or may not use the native token it will do well. Oh, and they're massively scaled to the tunes of millions of TPS in both demand and supply.

Kantian @kantianum

a day ago

"Succumbing to the pressure of CT to verticalize just for the sake of revenue is the wrong direction." Other L1s and L2s now launch in-house products because they want to make revenues, even if it pressures third-party builders. @monad follows a different strategy. @keoneHD,

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Users are downstream of builders are downstream of success. It's all the same convo - just different phases. The thing people memory hole wrt HL is that it was grinding its way up as a standalone product without any builder ecosystem for 1.5yr before HYPE and all of the recent acceleration.

@kantianum I had no idea each of those SUI products had their own token. I would never advise that. Token + Equity is messy enough for most of these protocols. Token + token + token + token + equity (?) is nightmare fuel

This is actually the path we're already on from a few fronts. - Proximity markets will basically be enshrined JITO. - USDm is enshrined USDC. We have others coming that are in this styling. That said, I generally agree on the app-facing note but think HL shows that there is a subset of builders who do not care and will build there regardless because there is value/success (assuming the enshrined consumer app is successful)

I'm obviously not using gravity literally here - it's an analog for "value begets value." See: Hyperliquid, Polymarket, et al. Those apps generate real value and because of that, people build atop/alongside them. They do not do that for the love of the game - they build there because you can make money being adjacent to the thing making even more money. That is akin to a gravitational pull for builders around value creation. The question is whether or not you're willing to entirely outsource that initial nucleus of value creation to others. We've made the decision that we are not. Hyperliquid notoriously has minimal support for builders. Documentation is minimal/not done, the team is nigh unreachable, and they actively build products that encroach on ecosystem teams, but guess what? No one cares because Hyperliquid is incredibly valuable and other ambitious builders will each shit to interoperate with them for a chance at the pie. If we have initiatives that have users, we will have support lines. Until then we narrow our focus and build up.

@ktrivs and 0 cal? Sign me up

I choose to believe building something valuable creates a gravity well for others to come and build alongside you. We have a few key apps that will be doing that, along with our own initiatives. That will not stop the outward facing, scalable stuff (documentation, tooling, etc) - that work continues so anyone can come to the chain and build in the exact same exeuction environment as everyone else. What the Discord move does is allows us to focus our outward human interactions to a smaller group so that we can actually tend to it properly.

@Web3zy I'm in the camp that I think we overshot and things might just be accurate-to-slightly-overpriced. When I take all of the above considerations from my OP it feels like a few will get grandfathered in and all new chains will have to fight on the rev front x.com/bread_/status/…

bread.mega @bread_

3 weeks ago

@blknoiz06 @palis It's crazy that a 250B asset needs "redemption." Who's to say it's not accurately priced? MegaETH by itself won't save it. No external execution environment will. We'll expand the surface area of ETH because we use it as gas, but ETH the asset only wins if Ethereum can

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@Salmanph9 CC: @problemchild get on it dawg

You had exactly 1min before packs ran out for Mexico. GL on Czech and Spain broskis.

TopStrike @TopStrikeIO

a day ago

World Cup 2026 packs drop today. Each pack contains 3 random players from the nation! 🇲🇽 Mexico - 12:00 pm UTC 🇨🇿 Czech Republic - 2:00 pm UTC 🇪🇸 Spain - 5:00 pm UTC Limited supply. Ready to build your World Cup squad? play.topstrike.io/worldcup

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@imluidji @TopStrikeIO @DanJamesBishop West too. Was 5am here 🫠

@0xbeiu @JoestarCrypto We operate on a strict meme-as-a-contract basis around here, so I cannot accept unless it uses the offer guy template