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One Man's Shitcoin is Another Man's Life Savings

 2 years ago
source link: https://hackernoon.com/one-mans-shitcoin-is-another-mans-life-savings
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One Man's Shitcoin is Another Man's Life Savings

An analysis by MoneyWithCarter shows how an ecosystem legitimizes itself. It explains how shitcoins bring in short-term speculators, native DEXs and yield farms. Native protocols on new chains have a stronger chance of earning a large market share on that particular chain over the omnichain blue chips, such as Sushi, Aave, and Beefy. Yield farms are essentially the places where crypto owners lend their coins. The strongest tokens, which often form strong communities, will start to outperform and capture large amounts of TVL.

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