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On the bright side, the number of staking users hasn’t increased significantly, but the total staked amount continues to grow steadily.
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$WCT Evaluation PROS - The ICO/IEO price was $0.2 in the first round earlier this year (current price is a good entry point). - 30M USDT has been staked by 43k users, with an average of $1.5k per user since December 2024 → if they're staking for airdrops, they're unlikely to withdraw soon, since the airdrops are somewhat proportional to the staking amount. - Market cap is $60M (at $0.3 price). Check why people are staking — if user staking increases by 50%, the price could ~2x (not even factoring in FOMO from news that could trigger that extra 50% growth). If it hits 75% growth, the price could 4x. Note: this assumes an average of ~5k WCT staked per user. - WCT is currently at a good entry price. With hundreds of wallets competing, you'll notice when logging into a dApp that there are often 3 connection options: *Protocol xyz...v.v Ex :gmail *Wallet *WalletConnect - This provides a seamless UX for wallet and dApp connection. - Currently, WTC's revenue doesn't come from retail, but there's no fear of dying out — major wallets are booking priority slots with WTC to increase their own retention, which brings notable value. CONS - Why rely on staking users? Because WTC doesn't yet have a clear revenue model. - There are 3 possible models: subscription, fee-based, advertising. - WTC seems to be leaning towards the advertising model. But it's unclear how this value is shared with retail users, or how to make them understand it. - It's vulnerable to future strategic decisions. It’s hard to draw up ambitious plans because this kind of app doesn’t store keys, passwords, or user info — meaning it can’t deeply mine user data. → And if they want to build a full app, it’d be hard to boldly claim they don’t manage keys anymore.
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Pine Analytics: Jito's Role in #Solana Deep Dive A data-driven breakdown of how Jito Tips are used, who is using them, and why. Key findings include: > Jito now represents 60%+ of priority fee volume > More users are tipping passively via frontends, using small default tips to gain reliability, not edge. > Volatility doesn’t increase the number of tip Events
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The State of Crypto Lending > Total size of the crypto lending market as of Q4 2024 including CDP stablecoins is $36.5bn > The combined CeFi loan book size at YE 2024 was $11.2bn, down 68% from 2022 ATH of $34.8bn > DeFi open borrows—$19.1B across 20 lending applications and 12 blockchains as of Q4 2024 > The top 3 CeFi lenders as of Q4 2024 include Tether, Galaxy, and Ledn combining for a loan book size of $9.9 billion at the conclusion of Q4 2024
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Celestia Hackathon Winners and Ecosystem Highlights - Recent hackathon showcasing new gaming projects, socialfi and even tapping into new use cases such as a Zkmedia to verify authenticity of content. - Further expansion of the Celestia ecosystem with Initia coming online with an airdrop, expansion to more BTC-based L2s through Citrea, MEV-solutions for Celestia-native apps and much more.
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