My take on the 92% MegaETH bullishness In 2023, I thought a blockchain needed to have an associated CEX to be successful. Apart from Base, which I'm bullish on (hard not to be, tbh), I personally don't see a bull case for those chains. In 2024, I thought a chain needed strong VC funding to be successful. That was the dominant narrative on the timeline, with each increasingly massive raise (like the $100M rounds for Movement or Berachain, for example). HyperLiquid showed us that by being community-oriented and without any fundraising, they managed to build one of the most profitable and attractive products in Web3. In 2024, I believed that being a L1 was more bullish for native token valuation than L2. But Berachain showed us that a day-one TGE at mainnet launch is not necessarily a good thing. A pre-mainnet community is fragile and can vanish overnight if things go wrong, and launching a mainnet is always a delicate phase. In 2024, I tried to build a project on Move and quickly realized how difficult it is to onboard quality builders on non-EVM chains. I quickly returned to EVM. In 2024, I also learned that there are early signs to tell whether a project is truly community-oriented before mainnet. The way a foundation views and treats the projects building on their chain is extremely important. MegaETH: - An L2 with a truly innovative value proposition: instant transactions. - A focus on supporting ecosystem application development, ultimately, that’s what users care about. It's the only viable path to success for a chain. - A community-oriented token supply distribution (Echo and Fluffle). - A foundation that’s focused on supporting the ecosystem. Sure, there's MegaMafia, the showcase for innovative applications, but the fact that Bread is rocking a Bad Bunnz PFP is bullish in my opinion. The foundation is willing to support more generalist projects too, as long as they bring real value to the ecosystem.