The IoT sector continues to advance at a steady rate and represents a growing potential for value capture. However, IOTA has been mostly focused on R&D, while the rate of adoption and ecosystem expansion remain slow.
Although the team has been active with partnership announcements, these have generally not resulted in significant usage of the Tangle.
In addition, while IOTA has published its plans to decentralize the network, these are still at a preliminary stage. Furthermore, the roadmap’s ambiguity raises concerns about when the network will be fully functional.
Overall, while the project continues to have real potential, especially regarding its unique technological design, the rate of adoption warrants serious concerns.Read full report
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Convex’s business model is built on Curve, a DeFi blue chip that continues to be one of the market leaders. It repackages Curve’s governance into a liquidity bootstrapping product that is already being used by projects like Abracadabra and Alchemix, and there is potential for more projects using it down the line. Ergo, Convex is one of the few examples of business-to-business models in crypto.Read full report
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