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.

I just assumed that it simply was Justin washtrading / transacting with himself.

Aviator, diver, Etherean, nexialist, PhD in aviation ∩ climate science | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

almost all "hawala" transactions happen with USDT on Tron, there's no second best for them.

building asset management infra at •unison•
hanging out in /electronic

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.

especially where crypto is used because it's actually needed. argentina crypto folks escaping from 150% inflation primarily use USDT