This is clearly false and I welcome you to try and prove otherwise.
1. NFT platforms usage volume. OS is down below 5,000 users [0]
2. Arbitrum airdrop to 625k wallets. Most users have multiple wallets. I got airdrops on 3 different wallets. Some friends sybilled this to over 100 wallets. Actual unique wallets not more than 100k. Even free money can't entice people to use this. [1]
3. $PEPE total holders: 35,000. Exclude bots and multiple wallets and that's not more than 15k actual users. Hottest memecoin that shit up to $150M mcap in four days. [2]
4. USDT daily unique senders/receivers - under 80,000. This doesn't exclude bots, exchanges, smart contracts, and users with multiple wallets (I have 8 wallets). You also can't go more mainstream or "utility" than this coin. Real unique daily users are probably under 30k. [3]
Exchange users are immaterial. They're just traders and investors buying the next cycle of trash. Actual usage metrics are on-chain users.
This is being pitched as the next Visa but in reality, the network slows to a crawl even when it has to serve 10-20k real users. Meanwhile, Visa is able to serve literally hundreds of millions of users every month.
0. https://dune.com/queries/1622348/2688962?utm_source=mintorsk...
1. https://dune.com/blockworks_research/arb-airdrop
2. https://etherscan.io/token/0x6982508145454Ce325dDbE47a25d4ec...
3. https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c...
I also shared unique transacting addresses for USDT yesterday. That's surely not a memecoin, and that was under 80,000 addresses yesterday.
I trade crypto and its very profitable, but don't waste your time buying the hopium of this scam.
Ethereum: around 3,000,000,000 USD transacted yesterday on-chain (not counting off-chain)[1].
[0] https://www.blockchain.com/explorer/charts/estimated-transac...
[1] https://www.theblock.co/data/on-chain-metrics/ethereum/ether...
Crypto has been positioned as the decentralized alternative to Visa and SWIFT. Their real human users number in the tens of millions daily.
The point remains that if the tech falls apart even with 10-20k real daily users, how does it ever scale to 10-20M daily users?
Also, Bitcoin transaction volume peaked in 2018 and has been trending down for a while :)
