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TechFlow reports, Andrew Kang, co-founder of Mechanism Capital, pointed out that "Frogs" are the dominant animal in the current cycle. In the previous cycle, the wealth effect flowed from L1s to DeFi tokens within the ecosystem.
The logic in this cycle remains the same, with ecosystem tokens being other prominent frog coins, including Pepecoin (OG Pepe coin) and Apu Apustaja (Pepe's Shib).
Mechanism Capital co-founder Andrew Kang pointed out that frogs are the dominant animal in the current cycle. In the previous cycle, the wealth effect flowed from L1s to DeFi tokens within the ecosystem. The logic this cycle is the same, with ecosystem tokens being other prominent frog coins, including Pepecoin (OG Pepe coin) and Apu Apustaja (Pepe's Shib).
Navigating Web3 tides with focused insights
