my first commentary on the state of @initia trenches: Initia launched and we had a great price movement, with init sitting at $0.8, up more than 30% from the launch price - which is great! considering launches like bera, which has a rather much larger ecosystem of apps, price of init being up is great some observations from the user behaviour before I dig deeper: users have problems with bridging. a lot of them come down from the fact of the lack of INIT/ETH liquidity in the pair on Initia mainnet. okay now back to the tokens (and nfts) we had some rough starts and some positive ones. it's bound to happen in any novel ecosystem. some might say we had more bad launches than a great one. let's analyse all of them (sorry if've missed any!). I've been an active participant in most of them: @lunch_xyz - launched their token on Ethereum (? but it definitely wasn't Initia) raised around 100k, which is in line with the recent lower-hyped projects on Echo (fundraising platform). idk why they didn't launch on Initia L1, especially as there is a built-in LBP that lets you easily deploy your pair to Initia's DEX post sale, and then get your token/INIT pair listed in Enshrined Liquidity (if the gov vote passes) @milky_way_zone - oh man, where do I even start. reading comments under their posts was hilarious. I think what users were really pissed about was the aggressive vesting on their airdrop, and a lack of DEX liquidity. reflected post launch in low market cap, high FDV. generally I think people recently really dislike this model, and I personally think we should move towards minimal airdrops, public sales, and at least 25% float on the launch (and a nice DEX LP as a mandatory thing) okay, next are three NFTs, @RcoonsNFT @TeamTuzi and @ANYO_nft - bought all of them yesterday at launch. the mint price was set around 30-40 INIT for each of them (except Raccoons, which was free to mint but you needed to have their eth NFT). The mints didn't go fantastically from what I've seen among the community commentators. People definitely expected more. Plus some had problems with bridging, and pointing out to the platform not being ready, and below the standard they've anticipated. It's also interesting how the "smol" price movements in the floor of 5-10 INIT set up the narrative. Can't comment on that as I can't really related to that (hourly wage in my country is higher than that). In general, I've seen many people from NFT communities scared about the floor price and willing to sell, while in the more successful launches like kamigotchi, we've seen a completely different audience of higher spend users who hold 5-10 ETH worth of ONYX portfolios and do not sell. Analysing baseline markets price and volume, most of the selling of ONYX came from the 500 (0.5 ETH worth of ONYX) accounts for now, NFT audience on Initia acts more like the usual Solana memecoin traders in terms of spend, while Kamigotchi users behave more like wealthy DeFi enjoyers back in the glorious days of Ethereum trading lastly, @kamigotchiworld concluded their $ONYX token sale, raising nearly $2m, with $ONYX being up around 50% from the sale price considering many kami users waited 6months+ on this, and grinded a lot for the presale spots, I don't think many are willing to sale for a smol 50% up that's it for the first analysis of Initia trenches. we are yet to see any alt token trade on Initia's L1 DEX, and I think @battleforblock (our own BFB token) might be the first one to trade there seeing bridging feedback from Initia's users, we will be implementing @gasdotzip in our app, so you can bridge to Initia more easily gwoven! let me know if any other sales are happening in the Initia's trenches so I can take part in them