polynya
@polynya
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.
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polynya
@polynya
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.
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Thomas
@aviationdoctor.eth
I just assumed that it simply was Justin washtrading / transacting with himself.
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mnsh
@mnsh
almost all "hawala" transactions happen with USDT on Tron, there's no second best for them.
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mnsh
@mnsh
*hawala on crypto, not the whole market.
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Thomas
@aviationdoctor.eth
I’m not Bitfinex’d-level of a truther, but I sincerely hope that USDT (or Tron for that matter) never collapses, or else a lot of modest people will be hurt.
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artlu 🎩
@artlu
any references to how large the hawala system is? trying to get a ballpark of $ value moved e.g. 10mm users, $1000 monthly does that seem like a high end estimate? esp. since if you have more than that, there are safer/faster/cheaper methods
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