Good points, although wouldn't diffusion also lower the dominance in general as more money goes to various things? Perhaps it means that things won't be as volatile on average as more narratives pop up
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Good points, although wouldn't diffusion also lower the dominance in general as more money goes to various things? Perhaps it means that things won't be as volatile on average as more narratives pop up
Potentially it could, I think capital may just be so widely spread around that it makes it less likely for several tokens to break out and sustain momentum.
Do you think the meme-coin season on Solana has changed the dynamics?
The biggest factor may be that novelty is exhausted. Have you seen anything recently that seemed genuinely new and groundbreaking? I think substance has to begin to prevail.