BELIEVE IT: The ICM narrative just processed $2.5B in volume with 20,000 tokens launched
I've been tracking the explosive growth of Internet Capital Markets (ICM) for the last week, and the numbers are impressive:
- $2.5B in trading volume
- 5,000 tokens created in a SINGLE DAY
- $LAUNCHCOIN up 3300% since May 11th
- $12.36M in fees generated in just 3 DAYS
Think of it as Kickstarter meets Uniswap:
Entrepreneurs mint tokens for concepts, the market prices them instantly, and communities form around the most promising ideas.
But is this sustainable? What are the regulatory risks?
In this week's DeFi Alpha newsletter, I break down:
1. Which narratives are actually gaining traction (ICM, DeFAI) #STARTUP #FITCOIN #GRIFFAIN #ANON
2. My tactical approach to this market phase (hint: not buying $BTC at these levels)
3. Why $HYPE's evolution from perp DEX to a full-on ecosystem matters
4. Projects positioned to outperform
The key is being positioned BEFORE the obvious phase begins.
(Alpha link in tweet below)
Show original
6.15K
8
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.