chandanCrypto Applications Product Market Fit Analysis
In Crypto, there are a lot of applications that haven’t found product-market fit. But there is also a handful of applications that have a product market fit and are growing stably Here I will just explain my thoughts on which applications have Product-Market-Fit. Storage of Value (an asset that maintains or increases its value rather than depreciating)Bitcoin is the dominant product-market fit for this, followed by ETH. However, BTC has questionable long-term sustainability properties. Thanks...
chandanHow to Protect Your Crypto Wallet 95% of the Time
Always keep your private key and seed phrase offline, such as by writing them down on paper and storing them in a secure location that only you have access to. Do not save them on any device or cloud storage, as these can potentially be hacked and your wallet compromised.To further increase security, you can consider leaving out a few words from your seed phrase when writing it down, and memorizing or securely storing these words separately. This way, even if someone gets hold of the paper wi...
chandanAre Layer 2s Superior to Alt-1 for Scaling Capabilities?
Traditional monolithic execution layers rely on 1000s of block producers and non-producing full nodes, requiring a majority of them to act honestly. In contrast, layer 2s only require a single honest "Sequencer" to guarantee network integrity. This asymmetric trade-off suggests that layer 2s will consistently deliver high throughput and significant performance advantages, even when the same hardware is employed by both layer 1 and layer 2. This is due to the inefficiencies of synchronization ...
Researching Layer 1/2s, DeFi, and modular ecosystems.
chandanCrypto Applications Product Market Fit Analysis
In Crypto, there are a lot of applications that haven’t found product-market fit. But there is also a handful of applications that have a product market fit and are growing stably Here I will just explain my thoughts on which applications have Product-Market-Fit. Storage of Value (an asset that maintains or increases its value rather than depreciating)Bitcoin is the dominant product-market fit for this, followed by ETH. However, BTC has questionable long-term sustainability properties. Thanks...
chandanHow to Protect Your Crypto Wallet 95% of the Time
Always keep your private key and seed phrase offline, such as by writing them down on paper and storing them in a secure location that only you have access to. Do not save them on any device or cloud storage, as these can potentially be hacked and your wallet compromised.To further increase security, you can consider leaving out a few words from your seed phrase when writing it down, and memorizing or securely storing these words separately. This way, even if someone gets hold of the paper wi...
chandanAre Layer 2s Superior to Alt-1 for Scaling Capabilities?
Traditional monolithic execution layers rely on 1000s of block producers and non-producing full nodes, requiring a majority of them to act honestly. In contrast, layer 2s only require a single honest "Sequencer" to guarantee network integrity. This asymmetric trade-off suggests that layer 2s will consistently deliver high throughput and significant performance advantages, even when the same hardware is employed by both layer 1 and layer 2. This is due to the inefficiencies of synchronization ...
Researching Layer 1/2s, DeFi, and modular ecosystems.
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Tron, the stablecoin chain, has become significantly popular in emerging markets and developing countries, especially in Latin America and certain parts of Asia.
Tron’s on-chain USDT has exceeded 56 billion, surpassing Ethereum. The number of active addresses on Tron also surpasses those on any other blockchain.
Let’s take a closer look at the on-chain statistics.
Tron ranks third in total stable coin transactions, following Solana and Etheruem.
The number of active addresses on Tron remains consistently high, even during a bear market.
DeFi activity is currently minimal. Of the 8B TVL, 80% (or 6.5B) is locked in JustLend. However, only 100M is borrowed against this, indicating low utilization.
The volumes for NFT and trading are also rather low, almost insignificant.
Final thoughts: Despite high gas fees, which can range from 1 to 3 USD for a USDT transfer, Tron is expected to remain the dominant chain for daily payments in developing countries due to its existing network effects. However, the increasing gas fees may prompt some users, particularly those making retail payments, to switch to other lower-fee chains chains like Solana and L2s.
This article is part of a series created to understand where Chains Fit.
Tron, the stablecoin chain, has become significantly popular in emerging markets and developing countries, especially in Latin America and certain parts of Asia.
Tron’s on-chain USDT has exceeded 56 billion, surpassing Ethereum. The number of active addresses on Tron also surpasses those on any other blockchain.
Let’s take a closer look at the on-chain statistics.
Tron ranks third in total stable coin transactions, following Solana and Etheruem.
The number of active addresses on Tron remains consistently high, even during a bear market.
DeFi activity is currently minimal. Of the 8B TVL, 80% (or 6.5B) is locked in JustLend. However, only 100M is borrowed against this, indicating low utilization.
The volumes for NFT and trading are also rather low, almost insignificant.
Final thoughts: Despite high gas fees, which can range from 1 to 3 USD for a USDT transfer, Tron is expected to remain the dominant chain for daily payments in developing countries due to its existing network effects. However, the increasing gas fees may prompt some users, particularly those making retail payments, to switch to other lower-fee chains chains like Solana and L2s.
This article is part of a series created to understand where Chains Fit.
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