As speculation has faded away in the last few weeks, lasting, sustainable demand has revealed itself. Tron (+USDT) has come into its own, orders of magnitude ahead of any chain not Ethereum. It's a pretty amusing situation, where crypto's greatest consumer product market fit is so embarrassing no one talks about it.
To get an impression of the magnitude we're dealing with... Tron has more economic activity (how I measure it) than all L1s not-Ethereum combined. It has several orders of magnitude greater than stuff like Cardano, Solana or Cosmos. Yet, those projects have orders of magnitude greater hype and narratives. Pretty funny.
wait why is it embarrassing — is there something weird with the activity? if this is just people paying each other on tron then it's less embarrassing than 99.99% of defi
probably a good attachment to the post by @0xkofi https://warpcast.com/0xkofi/0x101c64
Where can we see data on the usage in USDT on Tron?
It's honestly an awkward situation ser because USDT is awesome on Tron. But everything on Tron is dogshit...
In Argentina is pretty common to make payments using USDT on TRC20. Just $1 or less in transaction fee.
what mostly-African + Asian use cases drive $150bn/day of economic activity, that also desperately needs to avoid Circle/USDC? NIBSS does billions per day, M-PESA ~0.7bn per day there's gotta be a discount factor for wash trading b/t Justin's many entities
But we should talk about it! Tron's success speaks volumes.