Marginal

Both Bera and Eigen suffered from the same problem. → Hyuuge pre-launch capital pool → The fact that building an ecosystem with organic demand just takes time There was no universe where the ~4Bn of Bera and ~13Bn of Eigen could have productive day 1 for those ecosystems, so they naturally flowed elsewhere. And it's still not small! Berachain's DeFi TVL still sits higher than Unichain, Sonic, OP Mainnet, and Polygon. It just looks bad because of those (expected) outflows and it gets negative sentiment from that. The opposite approach of having too little TVL is also bad (see: Abstract being called a ghost chain in the early days). Unless you hit the sweet spot of a high-hundreds-to-low-billions TVL with multiple apps ready to go day one you're likely to catch this type of FUD. Even then, and to reiterate, shit just takes time. Bera at least has a novel mechanism (PoL) to attract net new apps and a team that won't be going anywhere. I'm not worried about them.

The plan is to build something to last for many years to come. The team and I will act with this goal in mind. That won’t always mean knee-jerk reactions and infinite dopamine. But it will mean long-termist and calculated bets. Berachain.