If the meme coin market has taught us one thing, it's that there's power in being first. Early movers like DOGE on Ethereum, BONK on Solana, BRETT on Base, FOXY on Linea, and FISH on Telegram Open Network, capitalized on thematic trends, achieving significant popularity. While 99% of meme coins will ultimately fail, the initial advantage is undeniable. This principle extends beyond meme coins to utility tokens. Even if later clone projects boast superior technology, the first mover often retains a strong position. Ethereum smart contracts, for example, remains a foundational piece of the crypto ecosystem, despite being surpassed by Solana in some aspects. Similarly, Chainlink's established partnerships with institutions responsible for moving about 50% of global liquidity, give it an edge over the potentially superior PYTH network, in regards to oracle services.
The Rise of Modularity
Crypto's development has accelerated significantly thanks to modularity. This architectural approach breaks down complex systems into more simplified components, enabling faster development cycles, improved scalability, and easier upgrades. This approach stands in contrast to the previously standardized architectures, where all components are rigidly related. Modularity has significantly streamlined the development process for crypto projects. However, blockchain interoperability remains a major hurdle hindering widespread Web3 adoption. As a creator, and even as a consumer, you should be rooting for Web3. It allows us, the consumer, to own a portion of the Internet. As we know, the internet has been the greatest wealth generating platform of the 21st century for large, monopolizing corporations. A seamless user experience, akin to what we enjoy in Web2, is crucial for Web3's success. Chain abstraction is the chosen solution towards achieving interoperability. As technology advances, a smooth and user-friendly Web3 experience will inevitably become the norm. Multiple institutions are actively addressing the interoperability challenge. The Chain Abstraction Market Map below highlights prominent projects expected to experience significant growth in the upcoming bull market. A diversified portfolio encompassing one token from each sector on the map could be a strategic investment move. Based on current attention and mindshare, such a portfolio might include Kontos, Near, Li.Fi, UniSwapX, Enso, Wintermute, Everclear, Axelar, Radius, and Dymension.
First and Unique
Within the Chain Abstraction Market Map, Everclear stands out as a unique first mover. It facilitates the global settlement of liquidity across different blockchains. Imagine Everclear as a credit card company that allows purchases without immediate monetary exchange. It essentially facilitates post-purchase settlements between banks and merchants. While Everclear may not be widely known yet, its potential for significant growth (30-50x from current prices of $0.15) is undeniable, especially considering its pioneering role in a critical area. Now, if you aren't familiar with the Everclear, neither was I until I went to repurchase a token I had previously made a 10X on. That token was Connext (NEXT), now rebranded as Everclear (NEXT). Crypto has come a long way from that guy in Florida ordering two pizzas and paying in Bitcoin.
