buying veAERO - please DM (if I don’t respond, reply to a tweet)
Joined October 2021
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Crypto Jake retweeted
Last time the market didn't properly sell off after a huge event like this was the FTX collapse
When I saw the lack of follow through then I got giga bullish
And we subsequently went from 16k to 100k
Hard to be bearish here after having been given the same setup yet again
Crypto Jake retweeted
Listen, I know we're all panicking about the hack, but there are a ton of other important things happening in crypto right now too
$AERO just posted its first week on 7 chains:
1. DEX volume: #2 in the world
2. Tokenized stocks: #1 exchange
3. New chains: revenue tripled
4. Supply: first burn done
5. Price: down 23% (hack pushed the whole market down)
Four of five are going the right way. Naturally, the fifth is the one everyone cares about
Alex Cutler @wagmiAlexander, CEO of Dromos Labs, the team behind @aeroxyz, has been posting the numbers all week
Biggest update first: Aero is now the #2 DEX in the world by 24-hour volume. $826M on Thursday, second only to Uniswap ($2.2B) and just ahead of PancakeSwap ($812M)
By chain, it's #1 on Base, Optimism and Ink
Ethereum. Saturday night, Alex had Aero at 2.6% of Ethereum volume. By Wednesday morning he was posting it as the #3 venue on mainnet: $59M in 24 hours, a 6.1% share, behind only Uniswap and Fluid
Uniswap still does 70% of it. I hold $UNI too, but what AERO is doing is important too
Stocks. When Alex came on @MilkRoadDaily in August, the first four stock tokens had been live on Aerodrome for a week. His words: "in one week, we carved out about 25% of the total market"
Since the Aero launch, the team says it's the #1 exchange for tokenized equities, across every stock and every chain. This matters. A lot. It will matter more as more assets are tokenized.
New chains. In that same Saturday post, Alex said Aero had flipped 50% of the volume on Arc and taken 11.6% of Robinhood Chain and 3.1% of Arbitrum. "This was supposed to just be the migration week"
The revenue is small so far, but here's what I've seen. Robinhood Chain is at $92K lifetime, up from $29K last weekend. Ethereum mainnet is at $81K, up from $25K
Base is at $511.6M, so these are still small. They also more than tripled in about five days
Supply. On Wednesday the Momentum Fund ran the first buyback of the Aero era and burned 174K AERO. That's about $120K worth, and Alex's take was "Just the start." Clearly, since they just started.
48.5% of all AERO is staked, locked for 3.9 years on average, and 100% of exchange revenue goes to those stakers
Price. AERO is down ~23% on the week. If you hold it on @coinbase, AERO and VELO sends and receives pause Nov 2-4 for the migration
One week in, it's #2 on Robinhood Chain and Arbitrum. Which one do you think it takes over first?
I'm monitoring this situation. Closely.
Full disclosure: I own $AERO in my Milk Road PRO portfolio, where it's up 46.9%. $UNI (+44.9%) and $SKY (+38.9%) are in there with it
Try Milk Road PRO for $1 for 7 days, link in the replies
Crypto Jake retweeted
I think this is the biggest educational moment in crypto's history
Every investment team in the world is having a conversation about Hyperliquid in their morning huddle up today
Hyperliquid
Crypto Jake retweeted
Aero's global share is still rising, up 30% since launch.
Incredibly, the annualized inflation rate is down 20%.
And its share on new chains continue to rise quickly. 🛫
Follow along here: dromos.kitchen/dashboards/ae…
ICYMI, in less than a week into launch @aeroxyz flipped 50% volume share on another chain in @arc.
It also took 11.6% of @RobinhoodCrypto, 3.1% of @arbitrum, and 2.6% of @ethereum... in mere days.
This was supposed to just be the migration week.
Deliriously excited.
Crypto Jake retweeted
Aero has increased its share of EVM by ~15%.
While its effective inflation rate dropped by ~40%.
And we’re only three days into the launch. 🛫
Aero's $AERO token much less inflationary than expected!
Following the merge between @aeroxyz and Velodrome, the $AERO token's annualised inflation rate has been cut in half to around 6.6%.
Before the merge, $AERO's annual inflation stood at a massive 12%, and projections only estimated a reduction to around 8%.
Is this enough to make you bullish...?
Crypto Jake retweeted
Closing in on 72 hours from @aeroxyz launch.
Aero’s share of global DEX volumes has already increased ~15% — its share of @RobinhoodCrypto has doubled almost every day since launch.
Massively exceeding our expectations for the migration week and limited launch. 🛫
Crypto Jake retweeted
Since September the $AERO share of spot RWA volume (green) has been inching closer and closer to parity with the $UNI share (blue). ty @Blockworks for graph
This is before they deploy on mainnet, RH chain, Arbitrum, Elysium (?👀?) etc...
Not extremely hard to see where this trend is heading.
Crypto Jake retweeted
The posts I see on CT about the @aeroxyz upgrade only mention the cross-chain expansion
Most analysts are totally unaware of the major economic upgrades that will drive its dominance
New rev lines, new buybacks, more efficient emissions, 8-9 figs MEV capture, low inflation
New article on the Aero economy is LIVE ✈️
From an analysis of Slipstream's upgraded Dynamic Fees module to Gauge Caps that will allow the rate of LP rewards to surge with volatility and risk, and much more.
Get ready for launch, and read below👇
aero.xyz/articles/the-aero-e…
Crypto Jake retweeted
New article on the Aero economy is LIVE ✈️
From an analysis of Slipstream's upgraded Dynamic Fees module to Gauge Caps that will allow the rate of LP rewards to surge with volatility and risk, and much more.
Get ready for launch, and read below👇
aero.xyz/articles/the-aero-e…
Crypto Jake retweeted
ppl forget that the 2020-2021 era was about finding these opportunities w bounded downside and seemingly uncapped upside
all the best games featured some version of this language—and I haven’t heard it used much since then
but now there’s actually material value coming onchain
I'm way less concerned about whether we're a little higher or lower in the next few weeks than where all the value will flow in the next few months.
I can stomach a dip to $75k on $BTC and 20%+ lower on alts.
I can't stomach being sidelined for the on chain finance/tokeknization trend nearly a decade in the making.
You're not going to 10x your portfolio selling $BTC at $81k and buying $75k or buying $81k and selling $85k. Nobody has extreme macro edge here; we live in unpredictable, volatile, crazy times. If the vocal bears end up right, they'll have been sidelined since summer anyway and if the overlevered bulls are right, they'll still blow up eventually.
My only actionable advice is to shrink your bet sizing a little to take the volatility into account, eliminate the bloat and levered beta from your portfolio where you have no edge, and heavily concentrate into high conviction, idiosyncratic bets with near term catalysts. For me that looks like sizing down $BTC and even $HYPE exposure in favour of kinetiq:native for the upcoming Elysium launch, $AERO for the upcoming Aero multi-chain expansion, and $DRV for on chain options TAM expansion. Maybe for you it's $PRL and $NEAR.
Very unpopular take, but $ZEC and $HYPE currently trade more like majors and levered beta than "idiosyncratic bets with near term catalysts that you have edge on". Doesn't make them bad long term investments at all, just don't feel the need to be overweight them at this time when they lack asymmetry. My example here would be if we're risk off, $HYPE could be $60 by EOY, and $100 if we're risk on. Pretty symmetric. kinetiq:native could be $0.15 if we're risk off, but it could be 5-10x higher if Elysium goes well. We want alts that behave like OTM calls, not 1.5x levered perps.
TLDR: Figure out where the next $1trn of value will flow on chain, place your bets (sized to survive), and let the macro LARPs chop each other up. The correctness of your allocations will more heavily dictate your 2027 performance than your current exposure level.
Crypto Jake retweeted
I'm way less concerned about whether we're a little higher or lower in the next few weeks than where all the value will flow in the next few months.
I can stomach a dip to $75k on $BTC and 20%+ lower on alts.
I can't stomach being sidelined for the on chain finance/tokeknization trend nearly a decade in the making.
You're not going to 10x your portfolio selling $BTC at $81k and buying $75k or buying $81k and selling $85k. Nobody has extreme macro edge here; we live in unpredictable, volatile, crazy times. If the vocal bears end up right, they'll have been sidelined since summer anyway and if the overlevered bulls are right, they'll still blow up eventually.
My only actionable advice is to shrink your bet sizing a little to take the volatility into account, eliminate the bloat and levered beta from your portfolio where you have no edge, and heavily concentrate into high conviction, idiosyncratic bets with near term catalysts. For me that looks like sizing down $BTC and even $HYPE exposure in favour of kinetiq:native for the upcoming Elysium launch, $AERO for the upcoming Aero multi-chain expansion, and $DRV for on chain options TAM expansion. Maybe for you it's $PRL and $NEAR.
Very unpopular take, but $ZEC and $HYPE currently trade more like majors and levered beta than "idiosyncratic bets with near term catalysts that you have edge on". Doesn't make them bad long term investments at all, just don't feel the need to be overweight them at this time when they lack asymmetry. My example here would be if we're risk off, $HYPE could be $60 by EOY, and $100 if we're risk on. Pretty symmetric. kinetiq:native could be $0.15 if we're risk off, but it could be 5-10x higher if Elysium goes well. We want alts that behave like OTM calls, not 1.5x levered perps.
TLDR: Figure out where the next $1trn of value will flow on chain, place your bets (sized to survive), and let the macro LARPs chop each other up. The correctness of your allocations will more heavily dictate your 2027 performance than your current exposure level.