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Ryan Connor | RockawayX 🇺🇸
RockawayX
4,001 posts
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Ryan Connor | RockawayX 🇺🇸
RockawayX
@ryanconnor
Partner at @RockawayX. prev @blockworks, macro investor. The most profitable arb is time horizon. Progress is boundless🇺🇸 tg: @ryanrconnor.
USA
Joined April 2022
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@ryanconnor

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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    Mar 11
    I’ll take the other side of crypto VC doomers. - Sentiment in the gutter will keep valuations reasonable - Bear market is washing out tourist founders & mercenary capital, leaving behind stronger signal - AI accelerating GTM - Wallet installed bases at ATHs - New distribution
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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    Jan 22, 2025
    Solana apps earned 73.3% of all crypto app revenue yesterday, a new high for the chain. Next in line were BNB -> 9.4% Ethereum -> 6.5% Base -> 2.2%
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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    Jul 23, 2024
    The most interesting and consequential milestone in crypto markets today -> Solana has surpassed Ethereum in trailing 30 day DEX volume for the first time ever... ...it is now the most used chain by that measure.
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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    Jul 1, 2024
    Next meaningful flippening in crypto is likely DEX volume market share. Will probably take a few months. Source: @artemis__xyz , @blockworksres
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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    Jul 1, 2024
    The case for the SOLETH relative value trade is only strengthening ETH's mcap and P/S ratio sit near cycle highs, SOL's P/S is at ATLs ETH's revenue is in secular decline, SOL's is at ATHs & growing ETH continues to bleed market share of total DEX volume, SOL's is at ATHs and
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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    Feb 26, 2025
    A core difference between this cycle and last: we have the data Pumpfun is over bc Libra? -> Revenue market share is stable since Libra Meme crash will kill Solana? ETH REV has fallen more than SOL REV since Libra No more narrative. Just show me the data.
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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    Feb 26, 2025
    Still 15% of all crypto app revenue. unchanged since Milei pumpfun
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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    Jul 24, 2024
    Are L2s/rollups Ethereum? Easy answer: of course not. Rollups/L2s are clearly not ethereum, because when you pay for blockspace, you pay the L2/rollup, and the L2/rollup then pays for services (proofs, DA, whatever) from Ethereum by choice, and can change this whenever it
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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    Jan 22, 2025
    $1 of flows into a SOL ETF will be far more impactful than it was for ETH Why? 1. SOL market structure is less mature 2. SOL mcap is much smaller 3. 70% of SOL is staked, v. 28% for ETH, so the quantity of SOL available for purchase is far lower than mcap suggests
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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    Oct 1, 2025
    Can someone explain why didn’t this launch on Ethereum first?
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    CASH
    @useCASH
    Sep 30, 2025
    💰 Introducing CASH Designed by Phantom using Open Issuance by @Stablecoin & @stripe, and launching first on Solana. CASH is a neutral, open-loop stablecoin backed 1:1 by USD — built for both crypto and real-world utility.
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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    Dec 7, 2023
    Replying to @bariweiss
    None of this is surprising, because the microaggression people are also the intifada people. Consistency is not a value they hold.
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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    Jan 15, 2025
    We see *aggregate app revenue per chain* as a way to track where builders will gravitate over time Solana has consistently generated >50% of all weekly crypto app revenue since late October & 56% of app revenue today Ethereum -> 18% Base -> 9% BNB -> 5%
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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    May 20, 2025
    0/ Consumer crypto is approaching escape velocity & leading apps are leveraging crypto’s core enabling feature: Net New Asset (NNA) issuance. Below, we describe what NNAs are, why they’re likely the next new paradigm in retail risk taking, & highlight our fav NNA apps. 🧵
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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    Jun 12, 2025
    Replying to @RyanSAdams
    Ryan, GDP is not an asset
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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    Sep 26, 2025
    Why is no one talking about Kalshi flipping Polymarket?
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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    Apr 17, 2025
    Memecoin activity is down >80% from its highs & Solana apps still generate >70% of total onchain revenue Who was long this view six months ago?
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    Ryan Connor | RockawayX 🇺🇸
    RockawayX
    @ryanconnor
    Apr 17, 2025
    From behind the @blockworksres paywall
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