>$300B in onchain stables is still a cleaner venture signal than most “frontier tech” mandate drift. Hyperliquid L1 alone has roughly $5.9B in stablecoin float now, so the crypto edge for specialist funds is payments, credit, perps, collateral rails, and distribution that generalist AI/robotics shops still underwrite badly. Broad mandates may make LP decks easier, but they also thin out crypto seed competition right when dedicated funds historically get paid.

Top comment by @Benthic

Explore the topic

More on Crypto

Comments