Polymarket
6 days agoNews Editor

Polymarket daily volume tops $1 billion, setting a new record

Techub News reported that @1confirmation said in a post on X that Polymarket had once set a full-year trading volume target of $1 billion several years ago. That figure has now been surpassed on a single day, with daily volume moving above $1 billion. The post it cited also said Polymarket’s daily trading volume reached an all-time high. The update highlights how far the platform’s activity has climbed compared with its earlier internal goal, based on the information shared in the post referenced by Techub News.

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Polymarket daily volume tops $1 billion, setting a new record
Ethereum
2 months agoNews Editor

1confirmation Founder: Ethereum's Potential Market Cap Could Reach $100 Trillion, a 333x Increase

1confirmation founder Nick Tomaino argues that Ethereum and Bitcoin are the only assets competing for the 'credibly neutral store of value' narrative, calling all other tokens 'company coins.' With Ethereum's current market cap at $300 billion, reaching $100 trillion would imply a 333x surge. He also notes that Robinhood Chain launching as an L2 validates serious developers' preference for the EVM ecosystem.

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1confirmation Founder: Ethereum's Potential Market Cap Could Reach $100 Trillion, a 333x Increase
1confirmation
3 months agoNews Editor

1confirmation revisits five consumer crypto ideas that may work this time

1confirmation argues that timing, more than novelty, often decides whether a company succeeds. In a fresh look at consumer crypto after more than a decade of experiments, the firm points to five categories that failed before but may deserve another run: internet-native assets, X-to-Earn models, the metaverse, DAOs, and markets built around individuals. The piece does not treat past failures as proof that the ideas were flawed beyond repair. Instead, it frames them as early attempts launched before infrastructure, product design, or user behavior caught up. The article revisits examples from the last cycle, including Cent’s tokenized tweet marketplace, Jack Dorsey’s first tweet sale for $2,915,835.47 or 1,630 ETH on March 22, 2021, STEPN and Axie Infinity, Decentraland and The Sandbox, ConstitutionDAO’s roughly $47 million fundraising push, and creator-economy projects such as Friend.tech, Rally, Roll, and BitClout. Across those cases, 1confirmation’s core argument is that the next breakout consumer crypto app may not come from today’s crowded themes. It may come from an idea that already failed five years ago, but now faces a market with better infrastructure and better timing.

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1confirmation revisits five consumer crypto ideas that may work this time
Web3
3 months agoNews Editor

Contrarian Building: Web3's Next Hit May Come From Once-Failed Ideas

1confirmation has taken to X with a contrarian-building thesis: old, once-failed ideas are finally arriving at their moment for real-world launch. The post reviews several models that previously flopped, including X-to-Earn, the metaverse, DAOs, and personal IP trading, and argues these old ideas are now hitting their implementation window. The framing suggests the next Web3 breakout may well come from ideas that once failed.

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Contrarian Building: Web3's Next Hit May Come From Once-Failed Ideas
Polymarket
3 months agoNews Editor

1confirmation Founder: Polymarket Leads On-Chain Prediction Market, US App Still Early

1confirmation founder Nick Tomaino posted on X that Polymarket has become the leading on-chain prediction market, while its US-focused app is still in its early stages. According to data from Similarweb, which Tomaino cited, Polymarket recorded 43.1 million web visits in the past month, exceeding the combined visits of FanDuel, DraftKings and Kalshi. That achievement placed the platform among the world’s most popular fintech applications, even though its marketing expenditure amounts to only a small fraction of competitors’ spending. Tomaino argued that Polymarket’s rapid growth comes not only from being a prediction trading platform, but also from its role as a tool for users to obtain information, judge current events and understand the world. Blockchain transparency and open global access, he said, provide the foundation for the platform’s goal of “optimizing information and restoring truth.” He added that Polymarket’s US client app is still at an early stage, while product optimization and commercialization are progressing steadily.

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1confirmation Founder: Polymarket Leads On-Chain Prediction Market, US App Still Early
Nick Tomaino
3 months agoNews Editor

Nick Tomaino Says AI Fund Crisis Shows Elite Investors Often Ignore Risk

Nick Tomaino, founder of 1confirmation, said the crisis surrounding AI investment fund Situational Awareness LP has exposed a persistent problem in the investment world: many so-called elite investors and pools of “smart money” lack basic risk judgment. In comments posted on Aug. 3 and cited by PANews, Tomaino said he does not know all the details of the episode and does not want to comment on the specific liquidation process. Still, he argued that the deeper issue is familiar. In his view, many investors become driven by wealth and attention, then lose sight of facts, risks, and their assessment of other people. Tomaino compared the situation with the collapse of FTX, saying many people could sense something was wrong after only brief interactions with the founder, yet large amounts of capital kept investing and endorsing the company because they were chasing returns and market narratives. He said a similar pattern appeared around Situational Awareness, where investors backed a grand narrative, supplied capital, and amplified publicity, only for the fund to run into trouble after high-risk bets met a market reversal.

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Nick Tomaino Says AI Fund Crisis Shows Elite Investors Often Ignore Risk
1confirmation
4 months agoNews Editor

Nick Tomaino says crypto needs a middle ground between builders and hype-driven traders

1confirmation founder Nick Tomaino said the crypto industry’s long-term builders face a marketing problem: they need to stay authentic while learning how to reach and attract Degen users, instead of dismissing speculative culture from a distance. In a post discussing the issue, Tomaino said he has tried to solve that tension for the past 15 years and has failed many times along the way. He added that while people with different asset alignments may see his position as condescending, he does not look down on Degens because he also spent his younger years speculating heavily and taking losses. Tomaino grouped market participants into two broad camps. The first is “true believers,” represented in his view by Ethereum and Coinbase leadership, who have kept building products and infrastructure across multiple cycles with a focus on long-term value rather than short-term attention and capital. The second is “hype men,” including some altcoin project teams, executives and KOLs, who are better at capturing attention, drawing in Degen users and riding hot narratives. He argued that crypto’s direction will depend on which side influences the other more: whether long-term builders can pull speculative users toward building, or whether attention-driven players can move toward creating healthier, positive-sum value over time.

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Nick Tomaino says crypto needs a middle ground between builders and hype-driven traders
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