Been paying close attention to sentiment lately. My observation is that most people aren’t actually bearish, they’re just scared to buy. This is a very important difference, and when you know how to spot it, there’s a lot of money to be made.

LONG is exclusively laser focused on RWAs. We pioneered them. Turned them into a real category, not just another meta. Do not underestimate how insanely powerful the compounding effect of high conviction holders can be when supported by a platform that isn’t constantly trying to pivot attention elsewhere. We believe two things: 1. LONG assets are a net new asset class enabled by crypto, unlike pure attention coins that simply rotate between the meta of the day. 2. They are the first crypto native asset class with the potential to onboard the masses at a scale nothing else has achieved. What you’re seeing now is the early adopter group: roughly 70–100K hardcore holders who understand the thesis and are building deep domain expertise. Eventually, many more will join them. So far, every high volume day on LONG has led to the creation of multiple mega runners, or pushed existing ones through previous ceilings. I’ve never seen such a strong correlation between volume and the emergence of runners. For me, the most important thing is to provide certainty. Being opportunistic about volume and constantly switching between 50 different metas is the exact opposite of what we’re trying to build. Because that’s effectively a soft rug of both the category and its users. And it’s one of the main reasons why the trenches have failed to produce a single sustainable category. The cycle is always the same: Launchers amplify a meta. Traders rotate into the leaders and their betas. Volume grows. Volume decays. Traders exit. Launchers pivot to the next “focus.” Everyone is playing the same rotation game. But you cannot build a sustainable category if everyone involved is constantly looking for the exit and the next opportunity. Conviction compounds. Expertise compounds. Liquidity compounds. Communities compound. But only when you give them a reason to stay and build. We’re not here to chase the next meta. We’re here to build a category that outlives them all. We go LONG.

Breaking it down. RH hinted yesterday that they might roll out an ETF that can be "managed onchain." We already had something in the pipeline :) This is the closest we've gotten so far to the vision of "BlackRock onchain." Most sustainable fair and liquid pairs in the space → RWA domination → compound into vaults + main stock LP → and now ownership of baskets. We're rebuilding the stock market to be owned by the internet. context: LongX can now support any type of basket using @Lighter_xyz positions. Based on our simulations, baskets can easily have 8 different long/short positions, and up to 200! under certain assumptions. The first basket has a good combo of both long + short positions, plus the AI LONG pair available on Lit. We will roll out the ability for @ArtificiallyInu holders to manage the basket based on their AI holdings. This is also another step toward getting holders and users on LONG really deep into RWAs and really start attracting new flows (being early to perps on Hype and gave you a great edge) You can already imagine the possibilities here: holders of specific pairs can expand into active community management of baskets, drive more utility pairs (and own the economics through a carry-style model, which is very common with hedge funds) LONG.

Lots of emotional responses to this tweet, unsurprising given PA. My unsolicited .02c - LONG is a launchpad and eco. You should want coins to move independently from each other. Nothing Nate said is controversial.

very surprised to see any negative reaction to this. @longdotxyz is an ecosystem. you should want the entire ecosystem to succeed. how is it coherent to be bullish on the general launchpad and corresponding robinhood:0x2e8c31162b855a2ffa90f6f8634643ad6f111e18 value accrual, and yet not want other tokens to succeed? I am personally very pleased to see robinhood:0x98096d17e191b3da1d5f99a6d7b3584351b11e18 and other LONG coins winning. I’m shocked to see some typically far-sighted and highly rational traders seeing this as a negative. all this makes me think they did not actually understand what they were buying, and I might be earlier than I thought!

RH chain still running at ~10-15% the TVL of base despite HOOD being ~2x the mc of COIN and all of their structural advantages. opt-out period for the SEC exemption lands mid-Oct, we likely see some serious defi launches & TVL expansion around that same time. if history rhymes, growing TVL doesn’t stay isolated. liquidity deepens, volumes grow, assets closest to those flows start to reprice. and that’s before considering tokens like robinhood:0x2e8c31162b855a2ffa90f6f8634643ad6f111e18 that have spent this prelim period building moats specifically for that world.

Part of the reason I’m more bullish memes for now is that the half life of excitement for new tek is dramatically shorter than it was 1-2 years ago. Probably a side effect of AI psychosis, where anyone thinks they can build anything, shiny objects lose their luster much faster.