Thesis of Hybrids Super Cycle
It’s been almost 8 months since Pandora’s launch, and now there are over 3,360 collections with a market cap of around $300M.
The current daily trading volume is still around $5M, showing a huge increase over the past 2 months.
All this data demonstrates that hybrids have achieved real product-market fit (PMF) rather than being a short-term hyped narrative that dies after 2 or 3 months.
So, the next big question for hybrids is: What will catalyze the future growth to make hybrids a $300B market?