Is MemeFi the next narrative for crypto? - DeFi had its run. Memecoins had their run. What if we combine them? - Combines the speculative fervor of retail being onchain with the narrative of DeFi and finance coming onchain via tokenized stocks and RWAs. - The combination of these two things is Robinhood's main thesis. - Memecoins typically top when the attention around them tops. Pairing these coins with assets that have a lot of value in the real world gives people a reason to trade them other than attention, making them stronger. - Tokenized stocks are much easier for people to access globally. Pairing them with memecoins makes onboarding people much easier.

I’m afraid many people are still missing the point of memefi and why it isn’t just about alternate pairings. the next $100B is coming on chain through tokenized equity. that part is settled. the question is where it flows next. altcoin pairs are fun because they let you catch parabolic upside with low friction. in that sense they’re a feature just like multichain apps. it’s not novel, it’s just repackaged. but new money hasn’t flowed into crypto in years. you can’t sustain a profit because you’re trading amongst yourselves. when $100B flows into tokenized equity, equity pairs are just a derivative, like options. they are something retail immediately understands, novel enough to wake up dormant capital, and a new primitive the big players are incentivized to push. don’t miss the forest for the trees.

Kinda interesting time right now, analyzing memefi coins in two mechanistic camps: 1) coins that don’t reflect value to memecoin holders (ie you don’t get routinely paid/airdropped the right side of the pair, the RWA) 2) coins that do pay the RWA (there are a few examples In a vacuum, you’d think the latter would go bananas But the wrinkle: the former has community-building memetic missions, and also, avoids having the mechanism block it from getting listed/compliance/tech issues There’s clearly room for both - will be interesting to see which coins in each category cement themselves What do y’all think?