Member-only story
The DeFi Chronicle: Which Projects Are Crypto's Future “Amazons”?
People love comparing the current crypto market to the dot-com boom and subsequent bust in the late 1990s. Have these projects built strong enough roots to maintain power in the DeFi economy?
If you’ve ever had the chance to get close to a Giant Sequoia tree, they are a fantastic marvel to see in person. Some of these trees are over 3,000 years old! One of the largest Giant Sequoia, General Sherman, is nearly 275 feet tall, equating to around 25 stories high. Its trunk’s circumference is 31.3 meters or 102.6 feet.
So this begs the question, how do these trees survive for so long? They have a widespread rooting system that covers over 1 acre of the earth but only goes 12 to 14 feet deep. Their thick bark protects them from forest fires and insect infestation. And, they can lose branches, so they can sacrifice limbs if the wind strength is too high. But, because they require specific climates, there are only a limited number of locations (primarily in California) where these trees can grow.
When looking at the crypto market today, we may want to ask, which projects could be the Giant Sequoias of the asset class? Will any project be able to outgrow and outlast…
