Hype Central.h🕯️

Bear market tip… At this stage of the market, you are usually better off blinding yourself to the idea of finding a 5x+ and focusing instead on the safest place to make a 2x, then going all in on that. Only once you realize that 2x do you get to ask whether the market has earned 10x-level aggression. There are no hero trades in a bear market. Your job is to build capital in the highest-probability spots so you can afford to be aggressive later.

It's really hard to grasp the amount of unsexy work that goes into the beginning of an ecosystem. There are so, so many man hours spent simply getting tooling and basic primitives in place for builders. Wallets, indexers, data APIs, bridge liquidity, SDKs, etc, etc, etc. Even if you have them each team has a preference for their specific vendor of a specific tool. All so people can quickly and easily spin up apps atop it and one another. Simple truth is that building up early ecosystem will take buy-in from founders who understand the foundation's ambitions and long-term direction. They'll then have to do a little "chewing glass" because it's not going to be as easy as it would be for any mature eco with ~most of what you need/want. But the rewards are also outsized, for both users and founders. If you bet on the right ecosystem and establish your position within it you stand to grow just as rapidly as the chain itself. We believe the apps should grow more. Anyways, our approach was not to take the easy path, force apps to launch on our timeline and just dump tokens to incentivize temporary growth metrics. We do not want spiked-then-down-only TVL/apps/users charts because everyone knows how that ends. So we do it the slow way: - Give apps time to launch when they're ready - Launch our token when the ecosystem (and it's utility) is strong - Turn on campaigns when the ecosystem can support all users and not just single sectors I know delayed gratification can be painful when sentiment is down across the industry and we all wanted to change the world overnight, but that's just not how this was ever going to work. In the meantime, we continue to work on things that we're excited about (and will debut soon), we implement changes based on builder/user feedback and we work towards the next few catalysts we can control. I couldn't be more excited for the future and there's no doubt in my mind MegaETH will be a pillar of our industry in due time.

I think 2024 was a great year for everyone in web 3.