hot take: onchain privacy has a much smaller market than most people realize.
some back of the napkin math:
- even on zcash, only 25-30% of transfers are shielded, since default is public transfers.
- a major chain like Solana's "real economic value" = ~2B in chain fees + jito priority ordering (from blockworks SOL dashboard)
- add on ~5B in application level fees, SOL ecosystem has ~7B in total economic value
- suppose 25-30% of tx vol is private - this would mean a solana privacy TAM of 1.5-2B.
lesson learned: its insanely hard to grow a unicorn through just private transfers...
11.18K
64
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.