Zora has raised ~$70M. Yet its value has dropped ~34% in the past 3 months and now sits near $90M. This week they launched “Attention Markets” on Solana — a way to trade what’s trending on social media. In theory: interesting. In reality: barely any traction. The largest market has only ~$43K in liquidity. Everything else is even smaller. It doesn’t feel like Polymarket (news-driven). It feels more like hype trading. Could it work? Maybe — but only if they shift focus away from pure speculation. Right now? I’m skeptical. What am I missing?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
I tried Zora. Here’s my honest take.
Zora has raised ~$70M.
Yet its value has dropped ~34% in the past 3 months and now sits near $90M.
This week they launched “Attention Markets” on Solana — a way to trade what’s trending on social media.
In theory: interesting.
In reality: barely any traction.
The largest market has only ~$43K in liquidity.
Everything else is even smaller.
It doesn’t feel like Polymarket (news-driven).
It feels more like hype trading.
Could it work? Maybe — but only if they shift focus away from pure speculation.
Right now? I’m skeptical.
What am I missing?