This feels like a good time to resurface this.
Crypto doesn't have a first mover advantage. If you ever feel like you're too late—almost all the winners once feared the same.
So don't be afraid of competition. Competition is a sign you're in a market worth fighting for.👇
I've increasingly come to believe crypto doesn't really have a first mover advantage.
To wit:
Uniswap was not the first AMM (Bancor)
Coinbase/Binance were not the first exchanges (Mt. Gox, Bitstamp)
Tether was not the first stablecoin (bitUSD)
Solana was not the first high performance smart contract platform (EOS)
Hyperliquid was not the first perp DEX (dYdX)
AAVE was not the first on-chain money market (Compound)
Avalanche was not the first chain of chains (Cosmos Hub)
Base was not the first EVM rollup (Arbitrum)
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