Polkadot is likely to experience a difficult time in the following months for several reasons.
The basic functionality of hosting Parachains and enabling value transfer between them was delivered late. The result is the project doesn’t bring much new to the table and looks dull in the context of the overall multi-chain-focused crypto space.
Similarly, while the ecosystem continues to be rich with developers, most of them are yet to deploy products. So there is generally little for users to do, and usage across the Parachains is low.
The project also lacks active business development and a clear catalyst for user growth. Finally, challenging macroeconomic conditions are expected to impact the project as much or even more than the rest of crypto.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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