When investing in a chain on the belief that crypto CAN take the next step, network culture matters just as much as technology.
It is not enough for a network to establish itself as a winner today if it has a culture fixated on the short-term.
There is a reason Hyperliquid is replacing Solana as the trading network, but nothing is replacing Ethereum as the decentralized DeFi-focused layer.
I’m not convinced Ethereum can take the next step, but I am convinced that if Ethereum can’t no network can.
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