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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woj
@woj.eth
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
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woj
@woj.eth
probably a good attachment to the post by @0xkofi https://warpcast.com/0xkofi/0x101c64
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pintail
@pintail
But we should talk about it! Tron's success speaks volumes.
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LEA 🎩
@leaolmos.eth
In Argentina is pretty common to make payments using USDT on TRC20. Just $1 or less in transaction fee.
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Liang @ degencast.wtf 🎩
@degencast.eth
It's honestly an awkward situation ser because USDT is awesome on Tron. But everything on Tron is dogshit...
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Idan Levin 🎩
@idanlevin
Where can we see data on the usage in USDT on Tron?
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j3
@j3
ML chain, convince me otherwise
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artlu 🎩
@artlu
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
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