It's an interesting concept—stablecoins should differentiate between "Yield Bearing" assets and "Saving" assets.
#USDT / @Tether_to is great because it captures people hedging positions who want to maintain dollar value. Most importantly, all trading pairs are pegged with /USDT.
Just spent more time on data today: The Ethereum main-net gas fee has dropped to only 10% compared to the last cycle in the 2021 DeFi Summer.
I would say DeFi could possibly make a comeback, since:
1/ Lower gas fees mean reduced transaction costs for participating in DeFi activities, especially for small investors, significantly lowering the entry barrier.
2/ Lower gas fees encourage more frequent trading activities, such as adjusting positions in liquidity pools, conducting arbitrage, or participating in multiple protocols. These activities increase market liquidity and efficiency, potentially boosting yields.
3/ With reduced gas fees, users' net returns increase, making DeFi yields more attractive. For example, if the gas fee for a transaction drops from $50 to $0.09, the compression on participants' returns is significantly reduced.
4/ With higher "Real" income -- it push people more willing to re-invest in other DeFi projects. Which is great.
5/ 5/ People might not need non-EVM chains as much, since the current TVL (trust level) is still 90% primarily in ETH-related areas. This means #TON might face a more challenging environment to seek growth.
2/ Excellent data performance in income flow; over $20m+ and high DAU data—over 7M DAU combined across multiple platforms (including @Telegram, Line, and web browser)
3/ The team does not stop at one blockchain, it operates on multiple chains.