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101 sats \ 6 replies \ @petertodd 13 Oct 2023 \ parent \ on: Drivechains: A Detailed Analysis by Perter Todd bitcoin
There is demand for all those things. But there hasn't been much consistent, long term, demand. What there has been is a lot of hype that tends to die down as people move onto the next thing.
It's very often the case that Uniswap alone collects more fees than bitcoin itself:
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...and uniswap is a market for defi stuff on Ethereum. That isn't closely related to the problem drivechains is trying to solve, as it's about many different currencies/tokens rather than a single common currency.
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I'm just pointing out that there is clearly a lot of demand for defi/smart contracts.
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What are these charts based on? Is it the rolling average over a month?
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It's just the last 24 hours and the the seven day average.
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"Why would anyone want paved roads with stop lights ? The history of transportation shows an overwhelming demand for mud trails and horse ties."
- Peter Todd.
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