Joe Ferrara 🔺

How do you explain AI to your grandma? Best I have is - “Think of it as a genius toddler” or “It’s god in your pocket”

My guess is - blackrock kicks off the altcoin run just like what they did with bitcoin. I guess we just sit and wait till then.

@Michael_Kaplan1 Congratulations sir and well deserved! Huge milestone and excited for whats next 🤌

After six and a half years, a few weeks ago I wrapped up my time at Ava Labs. I’m incredibly grateful to have worked alongside such a talented and passionate team and to have been part of the company’s growth. Sitting in a small room in a co-working space in 2019, I never could have imagined the size, scale, or impact Avalanche has grown to. I’m especially proud of what we’ve built as part of the broader Avalanche ecosystem and plan to remain an active member going forward. I’m also thankful for the tremendous opportunities I’ve had, including the chance to work with many amazing coworkers who shaped my experience along the way. It was a very difficult decision to close what was an amazing and formative chapter of my career, but I feel it is the right one for me right now as I take some time off to regroup and reset. As always, there is a lot of meaningful and exciting engineering work underway on Avalanche. In the broader picture, things are just getting started. I’m confident the team will continue to deliver, and I’ll be cheering and following closely. 🔺

@Polymarket This would definitely create massive altcoin season - creating the speculation of anything being possible for alts. We shall see…

BREAKING: Ethereum is now projected to lose its spot as the second largest cryptocurrency. 57% chance Ethereum is flipped this year. polymarket.com/event/eth-flip…

Grayscale Avalanche Staking ETF (Ticker: $GAVA) offers investors direct exposure to $AVAX. 🔺 Ticker: $GAVA starts trading tomorrow.

Quick question: How do we verify Jesus returned? Do we ask the guy to convert water to wine?

@Stupifff I trust the community. Something will come around. They never disappoint.

People come when there’s opportunity. 2021 - Avalanche rush you could make free money anywhere on AVAX DeFi. You could literally BORROW money and it would pay you a positive APY 2024 - speculation on arena. Tickets were going exponential from people gambling 2025 - we had a random explosion when presale meta hit and got cross chain attention bc things were pamping 2026 - atm its dead. There isnt anythjng worthwhile in the eco to invest or speculate on. But as we learned with wonderland and arena, all it takes is one killer app.

AVAX seems to be one of the only chains out there that get these volatile random adoption spikes with crypto native users - think about 2021 (defi season), 2024 (social-fi was huge for a couple weeks), I feel like we are upon another random event spawned from the community. Is it AI? Who knows but seems like AVAX is one of the only chains out there that gets this random volatile user spike. What other chain actually has this crazy level of moments? Only other chain i can think about is solana, but they seem more consistent with their memecoin marketshare ownership. Bullish.

ERC-8004 is now live on Avalanche C-Chain. Developers can now deploy AI agents with on-chain identity, discovery, and portable reputation, all natively on Avalanche. 🧵

I view the crypto market as sitting at a high-stakes cash game. Understand the game and understand the players you're up against. So my previous posts aren't an attack on Bitcoin but rather an understanding of how the game is played. Bitcoin has gone from $1 to $125,000 in 15 years. If you were perceptive to the narratives forming, you did very well. Some general rules: We're no longer super early to crypto, so if you made a decent amount, it wouldn't be wise to sit with your entire stack. Put a portion to work, diversify a bit (can dive into this in another post). You will play a lot better with an amount you're comfortable with. A narrative I see forming is Zero Knowledge/Privacy over the past year. We see Balaji (ex-Coinbase CTO and Silicon Valley elite) pushing ZK narratives, particularly Zcash. Others pushing the narrative are Naval (AngelList, etc.). So Zcash may be an interesting entry here to scale into at the $200 level. I took the dip as an opportunity to add an amount I'm comfortable with and will hold for years to come if the big players decide to send it. It has a cool narrative and makes sense and has influential crypto-native folks involved. Monero can also be a solid option, though I think Monero might be a bit older and not as tightly controlled by Silicon Valley players, so it may be more difficult to move, but it has amazing history and is always a top player. If we see ZEC and Monero continuing to move up in price, many new privacy startups will pop up that will try to grab attention with other flashy narratives. We're also seeing guys like Larry Fink talking about tokenization. I think this area will be very difficult for regular retail to get solid entries on. Guys like Larry are obviously influential, but they aren't crypto-native OGs. So trying to hit the tokenization narrative from now by guessing which chain they will build on is extremely difficult to speculate on. I think it's more likely that the most to benefit are companies that would have gone the IPO route but now opt for tokenization. Understand that the game will get harder. Most coins will drift to zero, as for the most part their valuations are extremely bloated, they produce zero profits, and they bleed money (subsidized by just issuing more tokens and dumping on retail, which is not sustainable). As for Bitcoin, it's the king daddy asset. It might dump to the $40k range, or maybe it's finding a bottom here, but long run it's here to stay and will have its day again. A dump to $40k will offer the most incredible swing trade opportunity, so it's always wise to keep some cash reserves for such scenarios. Holding BTC is similar to holding an S&P 500 ETF for the crypto space. New narratives will form so stay patient and keep your eyes open. Most important rule: Spot cockroaches never die. May your coins be live and your pumps be monsters.

Good news now institutions know they cant be exit liquidity for altcoins. Etfs becoming more appealing for new entrants.

@JustnThePhotog Better than the performance of tom lee and michael saylor

The DATs are now $2 underwater

Ok SUPER BULLISH proposal to rally the AVAX community: 🔺 Launch a decentralized protocol where we can have validators join and have their stake be used to MEV Avalanche chain 🔺 The protocol simply just uses the MEV revenue to buy AVAX and burn it. There's roughly $70m-80m annual revenue out there for MEV on AVAX at current daily volume on-chain, but could go up to $550-650m annual revenue if volume goes up of buying pressure on AVAX. Think of this like a decentralized HyperLiquid economic protocol - where hyperliquid uses fees to buy HYPE, this is like using MEV to buy AVAX. This does THREE THINGS: 1) This will rally all AVAX community and validators to come together for greater good of AVAX 2) It would also increase stake ratio, reducing circulating supply on AVAX 3) Dramatically dampen MEV from participants not aligned with AVAX and redistribute the MEV revenue to AVAX community and create a flywheel

@ijaack94 Would be curious to see those numbers - my rough estimates came out to around $70m annual of MEV opportunity - conservatively.

@j0eferrara something in the low single digit millions max I would need to pull up the docs again, but that was what I found

@ijaack94 what were your calculations? Curious.

@j0eferrara MEV revenue is not enough did some calculations on that already

Yes im aware there are security issues with this and can cause issues with network stuff, but maybe, just maybe there is an insane solution to make this possible. Curious if anyone here is an expert on MEV that can shed light on this topic.

Ok two crazy ideas for avax tokenomics - and yes im aware the first one is really insane, but screw it here: 1) AVAX foundation runs MEV on Avax (either way someone is going to absorb that MEV) and then use that revenue to buy AVAX and burn it. Based on quick napkin math this is conservatively $70m annually of buy pressure on AVAX up to $180m annually depending on market conditions. 2) All transactions that do cross chain transactions across all Avalanche layer 1s need to use AVAX as gas - this can cause some UX issues, but im sure a gas relayed service could obfuscate this UX issue.

@_acap_acap Im not arguing over what LINK does else. Im just saying having the Avax treasury position economic activity to buying avax is a good thing sir. Thats all. Obviously these are two different ecosystems so not trying to do a full side by side comparison.

@j0eferrara You know link is a scam right? CL Labs dumps over $1bil a year and buys back a few million. That reserve is owned by them as well with no $ generation to link holders. Money losing ponzi

One of the most bullish things the AVAX foundation could do - is find revenue generating activities and accumulate AVAX. A good example is chainlinks revenue program that buy LINK into their treasury. blog.chain.link/chainlink-rese… I think the foundation starting with MEV to then buy AVAX is an easy first step at this. Does 2 things: 1) Heavily dampens the value extraction from other MEV participants and 2) Provides buying pressure on AVAX itself

I think you missed the part where this MEV is happening regardless. So actually its doing the opposite - the foudnation is not extracting value. They would take that value from MEV and then buy AVAX and burn it. This actually distributes the value that would have been extracted by other participants, block them out, and redistribute that to the avax community. It's a win-win. Again this MEV is happening regardless of the foundation doing this or not.

This is the #1 most bullish and common-sense thing that $avax FDN should be looking into