Memes might be the “most simplistic connection” between financialization, tokenization and culture, says Kain Warwick.
Memecoin trading can be hugely valuable to decentralized exchanges (DEXs) as it can attract flows from a mass of non-traditional DeFi traders, says Synthetix founder Kain Warwick.
“There’s an argument that memecoins are pure speculation, in my view speculation is good. It’s valuable,” Warwick told Cointelegraph at MemeGlobal Sydney.
He added he wasn’t totally sold on memecoin critics’ arguments that the assets aren’t creating utility.