Hey there, crypto enthusiasts! If you're knee-deep in the world of blockchain and meme tokens like I am, you might have caught wind of Adam's latest tweet that's got everyone buzzing. Posted by @Adam_Tehc on X, it's a heartfelt nod to the ongoing revolution in crypto – the move towards everything being "onchain." Let's break it down and see why this matters, especially for those of us chasing the next big meme coin.
What Adam Said in His Tweet
Adam's tweet reads: "Forgot how good it feels to go deep, and just write. I know most don't really care if it's onchain/offchain, DEX/CEX/MEX, as long as the number go up. But I genuinely believe the world is infinitely better onchain and the fact we get to witness this shift in real-time is wild. On-chain supercycle (real)."
He's quoting his own piece titled "The Onchain Supercycle," which starts with: "In 2021, 95% of spot trading happened on CEXs. Blockchains were clunky, expensive, and routinely broke under stress. Then, in November 2022, FTX collapsed and everything changed. $8 billion in..."
You can check out the full tweet here. It's a reminder that while many traders just want profits (that sweet "number go up"), there's a bigger picture: the transition to onchain systems is making the crypto space more transparent, secure, and accessible.
Breaking Down the Terms: Onchain vs. Offchain
If you're new to this, "onchain" means transactions and data that happen directly on the blockchain – think decentralized exchanges (DEXs) like Uniswap or Raydium, where everything is recorded publicly and immutably. "Offchain," on the other hand, refers to stuff handled outside the blockchain, often on centralized exchanges (CEXs) like Binance or the infamous FTX.
Adam points out how in 2021, CEXs dominated 95% of spot trading. But post-FTX collapse in 2022 – where billions vanished overnight due to centralized mismanagement – the tide turned. Blockchains have improved dramatically: cheaper fees, faster speeds, and better reliability. This "supercycle" is the massive wave of adoption pushing more activity onchain.
And what's MEX? That's likely a nod to newer hybrid models, like multilateral exchanges, but the core message is clear: onchain is the future.
Why This Shift Matters for Meme Tokens
At Meme Insider, we're all about meme tokens – those fun, community-driven coins like Dogecoin or newer Solana-based hits. Meme tokens thrive in onchain environments because:
- Decentralization: No single entity controls them, reducing risks like the FTX debacle.
- Community Power: Onchain tools let holders vote, trade, and build without intermediaries.
- Transparency: Every transaction is visible, building trust in a space often plagued by scams.
Imagine launching a meme token on a DEX: instant liquidity, global access, and the hype can spread like wildfire without relying on a CEX listing. As blockchains like Ethereum scale with layer-2 solutions or competitors like Solana gain traction, meme creators and traders get more tools to innovate.
The Real-Time Revolution We're Witnessing
Adam nails it – we're living through this shift. Events like the FTX collapse accelerated it, but tech advancements are the real driver. Lower gas fees, better user interfaces, and integrations with real-world assets mean onchain isn't just for degens anymore; it's going mainstream.
For blockchain practitioners, this is prime time to level up. Dive into onchain analytics tools, explore DEX protocols, or even contribute to open-source projects. The knowledge base here at Meme Insider is packed with guides to help you navigate this supercycle.
In the end, while "number go up" is the thrill, building on solid, onchain foundations ensures the wins are sustainable. What do you think – are you all-in on onchain? Drop your thoughts in the comments below!