
Web3 Use Cases: The Future
Will web3 justify the hype?
What’s the point of all of this? If web3 ends up becoming a big thing with a lot of users and new, valuable business models, so what?
On Thursday, I wrote about the web3 use cases that exist today to set a baseline:
- NFTs: $31.3 billion of volume in the past year on OpenSea alone
- Decentralized Exchanges: the leading DEX, Uniswap, has handled over $1T in volume
- DeFi Protocols: Compound, Maker, Aave, and other DeFi lending protocols have held up well during the sell-off while centralized DeFi lenders have struggled
- Real-World Lending: Goldfinch and Jia help close the credit gap in developing countries.
- User-Owned Marketplaces: Braintrust has doubled Gross Service Volume to $74 million in the past five months while keeping its take rate at an industry-low 10%.
- Connected Device Networks: Helium and DIMO facilitate networks built by users and ecosystems of applications built on top of user-owned data.
- Stablecoins: USDC, DAI, and other fully/overcollateralized stablecoins facilitate payments, especially internationally. There are $155 billion of stablecoins in circulation.
- Evan Conrad Use Cases: In a blog post, Evan Conrad highlighted non-government money, cheap loans, Filecoin, Lab DAO, Radicle, Helium, Toucan, and Golden.
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Πηγή: notboring.co