Don't miss the forest for the trees. Instead of always focusing on the individual projects, owning the infra can also payoff. There are a handful of solid projects with palatable models (i.e. revenue generating) to the tradfi crowd Per @DefiLlama, 30D revenue: $HYPE → $65.3M $PUMP → $55.5M $UNI → $15.6M $AERO → $14.2M $SKY → $13.5M This makes the case for buying the protocols that fall into this category, even stronger (remember standard chartered's bullish targets?). If it has a sustainable flywheel which produces results, probability are, it will be attractive to our next group of buyers who have the larger capital.
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