We are very early

Jun 25

Totaldefi is acting like it did in 2020. The breakout to 200 billion is step one which can come much faster than anyone is currently anticipating and well before BTC makes a new attack on an its cycle high. You’ll have to zoom in on 2020 to see what I see but it’s there between August and October before it took off that best represents where we are now and what comes afterward. This cycle, expect AAVE like performance from smaller cap tokens in the rwa space. I don’t expect the big lending protocols to do the same thing they did then but rather 5x to 10x tops. The 100x gains will be smaller more nimble and simpler rwa protocols with better tokenomics and much less development overhead.