I think this whole WAVES DUCK GAME is only a fancy fog machine that cover up that the gamechanger GravityHUB is dead (btw. the Gravitron move to other blockchain), and the Sasha dont have any futer idea for WAVES ecosystem, look at the amount of the transactions on
https://wavesexplorer.com/ , almoust nobody use this tech
What is the status of waves native:
It is:
Diluted by DeFI token Swop because team chose to create new token instead of using waves for DeFi. As such Waves native is not useful for anything DeFi related
Needed to produce USDN which is a gateway token into DeFi. There is already alot of USDN in circulation so the need for waves native is reduced because others already did the job of minting USDN
Needed for exchange and transfer fees however that does not justify 2 billion market cap, maybe few hundred million at most probably much less
Needed for 6% APY staking but there are many other DeFi options with much lower initial deposit and much higher APY so Waves is not able to compete in passive income bracket
Needed for token creation service and market making in token/waves pairings which is the main markets in the dex. Anyone who is using waves for this purpose is better to mint tokens on waves and keep funds in TurtleNetwork for liquidity because it is the same technilogy behind it, but valuation is much lower and DeFi APY on Swop is 117% instead of 6%
It seems Waves is also not needed for the NFT EGG trading
So the only merit for 2 billion market cap is Binance futures speculation which is a bad fundamental to justify this price level
Investors who choose to allocate alot of money into waves native in the present must understand exactly what is its limit
I don't know if waves is used for all background operations of NFT or DeFi but it seems transactions are running on EGGs and SWOP?
It appears waves was heavily accumulated below 1 USD and liquidated by team after big pump and funds used for spin offs
I think there is confusion by retail investors exactly what is waves use case today. It is important to research this type of investment but it can be difficult if there is no explanations or obfuscation, or if there was use case such as USDN minting but that this use case was eroded or reduced for reasons explained.
Crypto is a dynamic and complex investment vehicle and it is easy to lose alot of money from unforseen or not clearly comprehended pitfalls
