The Early Innings
Zero Hour Zulu, those who have been in the Tezos community for some time should be quite familiar with - wrote some thoughts in our April Community Update
I won’t share the whole section here, but this particular passage caught my eye.
But I want you to know that building things that endure takes unseen hard work and trials. The treasure of all this quiet work comes much later, and it will reward those early settlers who stayed and endured the hardships.
Yes, it’s true others are building air castles and promises, an infrastructure of intentions and animal charisma.
But, the world’s boring work, trillions of dollars, is built on things that endure, things which, in passing, do not catch the eye and seize the mind with slights and thralls of illusion.
We can take the above passage and apply it to today’s DeFi ecosystem within Tezos. To gain some perspective, let’s look at early launch metrics of some of the most popular DeFi launches on Ethereum.
On November 2, 2018 Uniswap V1 was launched
and deployed onto the ethereum mainnet. In just it’s first week of launch, it had over $176k of total value locked (TVL).