USDAI now ranks 2nd on @arbitrum by 30-day revenue, and 10th by full-year revenue.
- $1.19M in fees last 30 days
- $3.6M in 365-day revenue
- 297% revenue growth over the last month
Revenue comes from GPU-backed loans, settled onchain.
Monero $XMR is a currency that I'm comfortable using. That's enough to me to invest, works well it's anonymous and loo fee,
XMR is a good candidate for the electronic cash
Three more extremely important points imo:
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1. Hashrate: The hashrate has gone up over time. This means that the metaphorical vault has become more costly to break. If monero had a tiny hashrate, say 12 MH/s like in 2015, a state-actor could come along and break the coin overnight. Today, this risk is highly unlikely and extremely expensive.
2. Name recognition: I believe most (if not all) newer coins are doomed to fail simply because they didn't come along soon enough. Social interest in cryptocurrencies has permanently evaporated, you can see this on basically all social media metrics. Most eyeballs today are focused on AI, robotics, etc. Coins like bitcoin, litecoin, and monero will almost certainly be around in a decade (Lindy effect). This isn't the case for the many thousands of younger coins, which will not survive. They missed the window of time of become relevant.
3. Ideology: Any new coin using novel technology will almost certainly be plagued by woke ideology. This was perfectly described in 2011 by Nick Szabo:
"The overlap between cryptographic experts and libertarians who might sympathize with such a "gold bug" idea is already rather small, since most cryptographic experts earn their living in academia and share its political biases."
You have seen this logic unfold over and over. For example, Grin didn't believe in hard money and so they made themselves irrelevant with an inflationary coin. Zcash didn't believe in a sane fee mechanism and allowed a brutal spam attack. Any new coin is likely to be plagued by woke parameters that make it irrelevant.