u/ecelps

Feels like with how easy it is to launch tokens now, we’re seeing more projects with similar tickers and narratives competing directly.

A lot of the time it looks like liquidity just rotates between them instead of new money coming in.

Do you guys see this as just a normal phase, or is the market becoming more pvp-driven?

I’ve been seeing more projects launching through IDOs again. It feels more aligned with DeFi and opens access to more participants, though allocation challenges still exist.

Do you think IDOs are improving as a fundraising model in DeFi, or still need refinement?