Ronin Co-founder: Comparing Meme Coins with Altcoins is an "inductive fallacy" and regulation is hindering the potential of related tokens

Axie Infinity and Ronin co-founder Jeff Zirlin said using revenue to compare the success of altcoins and meme coins is an “inductive fallacy” because regulatory clarity still hinders the potential of these tokens. Murad Mahmudov, a cryptocurrency trader and KOL, said during a recent panel discussion at Token2049 in Singapore that meme coins are more attractive than regular altcoins because of the lower income generated by the latter. Zirlin believes Murad's forecast overgeneralizes current market conditions and ignores future potential. He further criticized this argument for overshadowing Uniswap, which he considered a “sleeping giant” that has shown significant growth over the past few years. According to data shared by Jihoz, Uniswap’s trading volume has grown from $6.42 billion in 2021 to a projected $383.01 billion in 2024. He highlighted that if Uniswap activates its fee conversion mechanism, the DEX could accumulate $314 million in its treasury, which is managed by token holders. The funds can then be used to buy back and burn approximately 43 million UNI, a move that could have a significant impact on the circulating supply of major exchanges such as Binance and Coinbase. Jihoz said: “While this will not happen today, it is possible in the future. Especially with regulatory transparency entering the token market.” (CryptoSlate)