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SBF
@SBF_FTX
12) In fact the Serum DEX alone, in the last 6 months, has processed more transactions than Ethereum has in its entire history. (Which is also why ETH2.0, rollups, and other scaling solutions are potentially huge!)
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SBF
@SBF_FTX
14) There's an NFT exchange (solible.com). There are wallets (serum-academy.com/en/wallet-supp), AMMs (swap.bonfida.com), and a tool to mint your own tokens (spl-token-ui.com/#/). And USDC is live on SOL!
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Jeremy Allaire
@jerallaire
1/13 Today, Circle rolled out full production support for USDC on the Solana blockchain for all of our customers. Things brings USDC to a fast moving ecosystem attracting innovations in DeFi and consumer apps. I explain more below in tweet thread. circle.com/blog/circle-ac
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SBF
@SBF_FTX
15) In other words: There are all of the primitives. An exchange, and a stablecoin, and staking, and lockups, and wallets, and AMMs, and tools, and borrow/lending. And more coming, because finance isn't the only thing that can be decentralized: mediaserver.express
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SBF
@SBF_FTX
16) And, crucially, the primitives scale. The Serum ecosystem already scales more than any other DeFi ecosystem ever has, and in fact more than many are ever even trying to.
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SBF
@SBF_FTX
18) So you start by building a foundation that millions, and eventually billions, of people *could* use. That's what Serum has done so far.
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SBF
@SBF_FTX
17) So anyway: I don't want to overgeneralize too much here, but roughly speaking: If you build a product used by 1B people, that's worth a fortune. And how do you do that? I don't know, I've never done it before! But you have to identify something 1B people *could* use.
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SBF
@SBF_FTX
20) And this is sometimes the hardest part. The world is filled with products that die a slow death because no one ever really uses them. Huge userbases don't grow on trees. They are, often, the key.
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SBF
@SBF_FTX
Replying to
@SBF_FTX
22) 100m is a *lot* of users. It's more than Robinhood, and eTrade, and Coinbase, and Binance, and Slack, and Nissan, and DeFi. It's less than Facebook, and Google; there's always room to grow. It's also a bit less than the number of users of Maps.me.
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nO nAmE (💙,🧡)
@xNFT_killa
Replying to
@SBF_FTX
and
@SBF_Alameda
my lil take is in the middle of corona, service like Map has less users than before, they need to raise fund, but not just raising fund, so with token do something different than other companies so post corona should be a glory to them since they start now