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⌐◪-◪ → I don’t usually talk about memecoins, but this milestone deserves a special shoutout.

Dogwifhat ($WIF) just flipped the legendary $PEPE to become the 3rd largest memecoin in the world, and for a moment hit a $4B market cap

As a connoisseur of fine memes and enjoyooor of internet culture, I’m shocked Pepe — one of the most powerful and OG memes of all time — lost to “dog with hat”.

I can’t believe I’m saying this but…I don’t think this will last. I bet $PEPE reclaims its spot above $WIF eventually. Long live PEPE.

How long that will be → I don’t know.
Is this financial advice → ̶y̶e̶s̶ ̶ no

The only 2 memecoins ahead of $WIF now are $SHIB and $DOGE.

Anyway, I’m not sure what else to say here other than…

I guess this settles the great internet debate: Dogs > Cats.

⌐◪-◪ → The King of Ethereum, Vitalik Buterin, has spoken and said Ethereum needs to focus on internal scaling and parallelization in Layer 2 rollups post-Dencun.

Dencun introduced blobs, and thanks to “Blobscriptions”, the blob fee market is now in price discovery mode — causing Base to hit its internal gas limits and fees to surge.

In light of this, Vitalik proposes 4 key ways to improve rollups.

1. data compression: reduce tx bytes from 180 to 25

2. optimistic construction: only use L1 in exceptional situations

3. parallelization: process multiple tx simultaneously

4. security: raise standards for decentralization

If you want a full breakdown from The King himself, check out Vitalik’s long (and fairly technical) Twitter thread here.

⌐◪-◪ → Google searches for the word “Bitcoin” are accelerating towards 2021 bull market levels.

Few things are as good a barometer for the global attention economy as Google Trends data. I use this tool a few times a month to see how popular [item A] is vs [item B] — try it yourself.

People love to toss around the phrase “attention economy”, but I think few understand how scarce attention truly is as a resource. There’s a finite number of eyeballs on planet Earth and hours in the day.

While we’re still far from peak activity (see chart above) the amount of legitimate attention crypto, not just Bitcoin, commands from celebrities, corporations, banks, politicians, governments, etc. is higher than ever.

This bull cycle is bonan hit different, and we’re just getting started.

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