burstingbagel

Everyone on CT is screaming TRILLIONS about Plasma. At a $10B FDV it’s being sold as the future of stablecoin payments. I think the hype is way ahead of reality. Here’s my contrarian take:

1) Tether is fine without Plasma

• Plasma is backed by Tether and its CEO Paolo Ardoino but there is no exclusivity between the two. Paolo even invested in a Plasma competitor, @stable. USDT will stay multi-chain and its footprint will grow with or without Plasma, extending to other stable chains as long as there is demand to transact on those networks.
• Tether issues USDT, but it doesn’t control where or how people use it. The rails (wallet apps, exchanges, OTC desks, merchant integrations) are the ones that actually provide distribution. That’s why Tron won stablecoin flows. Not because of anything Tether did directly, but because Binance and other exchanges chose to make TRC-20 withdrawals cheap and easy, and OTC desks/merchants standardized on it. Tether can encourage partners to add Plasma but it's not going give them preferential treatment.

TLDR:

DeepWorm is putting the brain of C. elegans (a nematode worm) on-chain using Marlin Protocol's trusted execution environment (TEE) infrastructure. Scientists have worked to map how living creatures' brains are wired and so far have only succeeded with two organisms: a fruit fly and C. elegans. The C. elegans worm, just 1mm in length with 302 brain cells is the first to have its entire neural structure mapped and simulated. DeepWorm will process blockchain data through a biological neural network, allowing it to sense and react to network conditions like gas prices, trading volume, network congestion, and mempool activity, and this will be shown on a frontend. Following GOAT's success in pioneering AI agent meme coins, $WORM could represent the next evolution: the first biological intelligence meme coin.

Investment Thesis

As the DeFi landscape continues to evolve, one of the most anticipated upgrades is the forthcoming launch of Uniswap v4. Uniswap has been a cornerstone of DeFi since its inception, and its v4 upgrade could further solidify its blue-chip status. But how can investors capitalize on this launch? While buying UNI might seem like the obvious choice, investors looking for higher returns (albeit more risk) might want to explore smaller, more agile projects building on Uniswap v4 like @bunni_xyz

Uniswap's Market Dominance

Uniswap is already the leading DEX by market share (44%) and trading volume and it's widely regarded as a blue-chip DeFi asset. Its influence on the DeFi sector cannot be overstated, and the upcoming v4 upgrade is expected to introduce several key innovations: