Trump’s Meme, Solana’s Activity Boom, and Base’s Next Step | Analyst Round Table
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One thing that I find interesting about Solana is that in contrast to Ethereum, the majority of the stable coins, are USDC. Like, USDC is the leader in the stable coin vertical, whereas in Ethereum, we see, like, kind of a dominance by USDT. So I I just think it's an interesting dynamic where Solana, I think it's more like America aligned, if you wanna see it that way. And I I think that may be interesting, like, for the next, 4 years. Today's
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guys. Welcome back to another episode of OX Research. Today, I'm joined by Mark, Carlos, and Dan Smith. We had a bit of a crazy weekend, probably one of the craziest weekends, in crypto's entire history, or at least for for those of us here, I would imagine. I cannot recall, anything more insane, that has happened in a span of 2 to 3 days, in in my time here. So, how are you guys doing? Happy, sad, worn out? Exhausted.
That was, I definitely agree with you. I I was I don't know. I think it's there's been a lot of crazy stuff that's happened in this industry, and a lot of the crazy stuff tends to be, like, extremely bad. Like, there's definitely people who will hate this moment, and that's perfectly okay in my mind, but it is objectively a different type of bad even if you think it's bad, well, versus something like an FTX implosion, what's, like, fraud, corruption, and disaster, versus this is I think, like, the argument is it's embarrassing. I think, actually, I think Eric Voorhees said this best, and it ki
I totally agree with that. I think that tweet was something like both things can are not mutually exclusive. Like, 1, this is stupid and cringe. And number 2, like, yes, it's the president of the of the United States using this Alana network to launch his own memecoin, which is absolutely insane. So I I think both things can be true at the same time. To be honest, when I saw it, I I thought his account was hacked, so I I did I didn't buy any. I just and I just coped the world all the way up, but, like, it it was it was absolutely crazy. The
reason why I never thought it was hacked is that it I don't know. I have no idea how this actually works, but in my head, like, that account simply cannot be hacked, because there's, like, a national security risk to, you know, someone hacking the president's Twitter account and declaring war on another country or something. So that's how it works in my head. I have no idea if that's how it works in practice, though. But, like, I feel the same way about Elon. I I don't think his account can, like, just be hacked. I I at least I hope. I feel like there should be some additional security measure
To be honest, I'm more disappointed that it launched 3 AM my time. So when I woke up, all the news was already there. And, I mean, the first thing I did was buy it because, you know, even though I missed the first leg up. But I didn't think it was hacked because Metaplex also said, you know, like, oh, who created an NFT or a coin using our product? I was like, okay. So this this seems legit. Let me just get in. I'm also disappointed because I was like, okay. So the president of the United States is using blockchain technologies, introducing memes,
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