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 was a core builder on TRON when it first launched. We were top SR with over half delegated stake for 6 months. We built several payment products with TRX settling on TRON. There was a lot to like about the network and community. But in the end, the project lives and dies by Justin. And that’s no fun for anyone.

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