1/ @infinex is missing a massive -- absolutely massive -- market: @trondao.
This post will explain why and I'm hoping the Infinex Army will help get @justinsuntron attention to buy an Infinex Patron NFT so @kaiynne will prioritize support for the TRC20 standard.
2/ The total market cap of stablecoins sits at about 259.77 Billion.
3/ Let's look at the stablecoin composition by chain.
Ethereum: 54.4%
Tron: 31.6%
4/ This means that the amount of TRC20 stablecoins is roughly $82 Billion.
$81 Billion of that is TRC20 USDT.
5/ Yet, @infinex doesn't support TRC20 Standard for USDT.
6/ Or TRC20 for USDC.
7/ This means @infinex is missing out on a massive market -- 31.6% of the stablecoin market.
8/ Besides missing out on a big market opportunity, why else is this important?
@kaiynne said on my podcast that the Infinex vision is to beat Binance and Coinbase. He called it the Post-CEX world.
In order to do that, @infinex needs to support TRC20 standard.
9/ Anecdotally, and based on my experience, most of the world outside the US transacts in TRC20, especially China and most of Asia. And they do so on Binance. I'm not exactly sure how it turned out this way, but every project I know based in Asia pays their people in TRC20 USDT.
10/ So, this thread is a call to action for @infinex to support TRC20 standard and start getting a share of the $82 Billion in value onto the Infinex platform.
This is also an invitation to @justinsuntron to buy an Infinex Patron NFT to show your long-term commitment.
11/ Thanks to @AlsieLC and @Dune for the data used in this post.
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