All is the theory that you are giving to compare with other DEXs. But now I want you to think of IDEX, which is one of the oldest DEXs of crypto market and huge volume. What do you think could make Blocknet different and beat IDEX soon in the future? most people now only use IDEX and Binance DEX because of its reputation and I see very few people mention Blocknet. So, do you have any plans for future marketing?
it seems that it will be difficult for them to become competitors of both of the Big DEX. when they do not have more profitable features for traders, it will be difficult for them to take members from other exchanges. because most who play with DEX are traders not big investors.
Blocknet made the very first DEX in the world - I'm sure they'll do well, haha. They are constantly working on improvements, and the project itself has so much potential that it's crazy how low it's value is right now.
They are building their own Infura solution, their own oracle network among other things.
Here's a scenario:
ETH charges gas per tx on the chain, giving it utility. ETH gas price right now is around $0.12 and there are about 900,000 tx's/day which brings us to $108,000/day paid in gas. Now let's toss in ICO buy pressure which raised $371M in 2019 (and let's assume it's all on ETH)... that's $1M/day, bringing total pressure to $1.11M/day on ETH. As a result (among other obvious things that don't need to be explained for the sake of the example) ETH is currently at a $22B market cap
Now let's conservatively talk Blocknet usage throwing in some fun numbers. Infura sees about 15 Billion calls per day. Checking out their pricing this comes to about $3.75M/day. Let's say we're able to do only 5% of that, that's $187,500. Now let's say the DX will do only $25M/day at 0.15% (not official, just using as an example), that's $37,500. Combine the 2 and that brings us to $225,000/day or about 20% the "pressure" of ETH (and $563/day income per Service Node assuming there's 400 running.). If you slash ETH's current cap by 20% you get $4.4B... which is $647/BLOCK
In other words 600x your investment.
Quite fun to speculate into the future. 600x would be insane, even for a low cap project like this. I've seen people say that the next bull run is likely to be 3x the last one, which sounds absolutely crazy. That would make a lot of people wealthy in a very short time.