Feels like the 2 most profitable businesses in the crypto on-chain world
1. gmgn Dog-catching platform. Good user experience, supports all chains and all protocols, and skims a lot of fees from a large user base
2. builder, 😃. Aimed at bots. Essentially, it’s not just skimming fees anymore—the percentage is much higher than the kind of ~1% gmgn charges
In essence, it’s all fee-skimming: one skims regular transaction users, and the other skims bots. All bots are working for them, no matter what strategy you use
However, the barriers are also high. Before gmgn grew big, it felt like I’d seen several similar dog-catching platforms, but none of them took off
As for builder, the barrier is equally high—it requires a very large amount of capital + a high technical threshold
Source: @seaify1 on X
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1. gmgn Dog-catching platform. Good user experience, supports all chains and all protocols, and skims a lot of fees from a large user base
2. builder, 😃. Aimed at bots. Essentially, it’s not just skimming fees anymore—the percentage is much higher than the kind of ~1% gmgn charges
In essence, it’s all fee-skimming: one skims regular transaction users, and the other skims bots. All bots are working for them, no matter what strategy you use
However, the barriers are also high. Before gmgn grew big, it felt like I’d seen several similar dog-catching platforms, but none of them took off
As for builder, the barrier is equally high—it requires a very large amount of capital + a high technical threshold
Source: @seaify1 on X
Publish by using 6551 twitter mirror tool