Read on Twitter
A thread on $LINK price suppression.
$LINK is obviously being suppressed.
While most other DeFi has 3-5x’d in this market, $LINK has “only” 2-3x’d off its lows.
These funds are being used to acquire talent and patents, develop partnerships, and build a significant warchest.
$LINK is obviously being suppressed.
While most other DeFi has 3-5x’d in this market, $LINK has “only” 2-3x’d off its lows.
These funds are being used to acquire talent and patents, develop partnerships, and build a significant warchest.
Fundamentally, $LINK is stronger than basically anything else on the market.
Reasons for this:
- 300+ partnerships involving data delivery essential to the operations of partners
- Identity (DECO is a patented standard developing before our eyes that will KYC / AML cross chain)
Reasons for this:
- 300+ partnerships involving data delivery essential to the operations of partners
- Identity (DECO is a patented standard developing before our eyes that will KYC / AML cross chain)
- Platform independence (while currently operating primarily on $ETH, $LINK is expanding to other platforms)
- $LINK tackles potential scalability concerns of other platforms via trusted and verifiable off chain computation (an exclusive ability as far as my market research)
- $LINK tackles potential scalability concerns of other platforms via trusted and verifiable off chain computation (an exclusive ability as far as my market research)
- Finally, in order to be truly effective in its role as an oracle, $LINK must be secure enough that the value secured by the Chainlink network is less than the TVL of all of the projects it encompasses.
This relates to price suppression because of the way infra tends to trail product.
Right now, we are witnessing the productization of DeFi.
$ALPHA, $YFI, $SUSHI, etc are all DeFi products that require resources to be able to offer their products.
$LINK is one such resource.
Right now, we are witnessing the productization of DeFi.
$ALPHA, $YFI, $SUSHI, etc are all DeFi products that require resources to be able to offer their products.
$LINK is one such resource.
Think back to 10 years ago wrt to big tech.
Typically, product ran (chart wise) significantly faster than infra did.
It wasn’t until there were millions of cloud start ups that we really began to see #AWS take off due its ubiquity as an element in those startups.
Typically, product ran (chart wise) significantly faster than infra did.
It wasn’t until there were millions of cloud start ups that we really began to see #AWS take off due its ubiquity as an element in those startups.
Am I surprised in any way that infra is trailing yet again?
Not at all.
Products consume the mindshare of the majority of investors
They want something they can interact with.
Something that clearly demonstrates its utility.
Not at all.
Products consume the mindshare of the majority of investors
They want something they can interact with.
Something that clearly demonstrates its utility.
The thing about $LINK is that similarly to AWS, there is a point at which, productization becomes oversaturated and infra catches up due to the actual usage of the successful products in the eco system.
Betting on $LINK is betting on #DeFi as a sector due to its ubiquity
Betting on $LINK is betting on #DeFi as a sector due to its ubiquity
There is a lot of money to be made in rising DeFi products, but the longevity of these products is something that has yet to be determined.
There are simply not enough data pointsyet to say who or whether there will be a DeFacto DEX or Lending or Yield Aggregation platform.
There are simply not enough data pointsyet to say who or whether there will be a DeFacto DEX or Lending or Yield Aggregation platform.
The only relatively sure thing at this point with regard to DeFi products is that, any serious ones, are using Chainlink oracles, similar to how in cloud 10 years ago, any serious startup that was looking at rolling out planet scale infra was using #AWS.
Not sure how long the suppression will last, but I can say I will always have a suicide stack of capital allocated to it despite the appeal to bet on products.
DeFi is exploding.
$LINK ’s value accrual mechanism is heavily reliant on the growth of the products that utilize it.
DeFi is exploding.
$LINK ’s value accrual mechanism is heavily reliant on the growth of the products that utilize it.
