A lot of these big infrastructure projects become large corporations themselves and it's not even really about the crypto network. Some of these older projects have such gigantic…
Original source excerpt
A lot of these big infrastructure projects become large corporations themselves and it's not even really about the crypto network. Some of these older projects have such gigantic treasuries (100s of m…
A lot of these big infrastructure projects become large corporations themselves and it's not even really about the crypto network. Some of these older projects have such gigantic treasuries (100s of millions of $$) from dumping their token onto the market that they are able to form partnerships with the next wave of liquidity (think the Blackrocks of the world). You can see examples with Avalanche recently, INJ, SUI, and many others. We all know that nobody actually uses those chains much from a crypto native point of view, but these projects are able to stick around for years on end. you'd be shocked to hear about some of those old 2021 DeFi projects that still are extremely rich.
AI context is not available for this statement. The original source can be read independently.