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Interesting tweet from Pendulum referencing a Euro stablecoin. For reference Paddy Hanson is EU strategy director at Circle - who issue both USDC AND EURC stablecoins.
https://twitter.com/pendulum_chain/status/1749007673096581364
Blu - Its impossible to relate a value with Moonbeam on TVL alone but its safe to say it would/should increase expotentially (Moonbeam total Mcap is just under 0.5b USD)
All transaction going through the Pendulum chain will have to utilise PEN token and therefor Pendulum will start earning gas fees. So the more Dapps that build on Pendulum the more gas fees and the higher the PEN token goes.
Roadmap states a lending Dapp under development for H2 launch and we have the mysterious PendulumPay that we currently know of
Well the BB here is a bundle of joy these days :-(
I'm noticed a post from Gokhan (nabla) earlier today
‘ Hey GS, we are going to publish our roadmap for 2024. Stay tuned. I'm personally estimating $50M+ TVL by the end of 2024.’
Just putting that into context Moonbeam current TVL is about $51m and Injective protocol about $35m. - Big statement/ambition.
Pablo - from Final results :
NFT Investments plc
The Company held 5,750,000 shares in NFT Investments plc which at the period end were valued at approximately
GBP57,000 and, as part of the Company's strategy of selling non-core investments, these were sold on 14 November 2022.
Https://moonbeam.network/announcements/moonbeam-xcm-integrations-composable-pendulum-polkadex/?utm_source=blog&utm_medium=social+media&utm_campaign=3+new+xcm+integrations
This also reminded me that PEN will soon also be on Polkdex exchange.
I just wanted to add to slugs comments because at current levels he is correct. The market cap of PEN is currently about $25m so the added valuation to Satoshipay is negligible. But Pendulum and the upcoming Nabla are very early projects not even fully live yet and in the crypto ecosystem a $25m mcap token is a tiddler and it is not unusual for that tiddler to grow into a $500k or $1B or more if successful - BIG BIG BIG CAVEAT HERE - IF SUCCESSFUL !
More mature L1s on Polkadot like moonbeam, Centifuge or Aleph zero are currently around $500M and were more than twice that at the height of the last bull market.
So if (big big if) Nabla and Pendulum gain traction add more L2 interest and become successful it is easily within reach of each having a $1B Mcap or more - if that were the case then the added valuation to satoshipay would be $100m plus what the actual business is worth - For balance the other side to that is lack of success and then both PEN and AMBR tokens are worth jack sh..
Looks like things are on track for this month - Gokhan posted this message earlier today
Make sure you enable notifications on Nabla Finance as the $AMBER airdrop campaigns are starting next week in celebration of "Public Testnet Alpha" launch this month.
Probably worth just posting this link explaining the StellSwap development
https://pendulum-chain.medium.com/pen-listed-on-stellaswaps-moonbeam-dex-ae8c8976de88
Sorry to be facetious slug
BLU - its actually potentially quite a big development as it opens up Pendulum to Ethereum and any EVM based protocol, but I agree - nabla and spacewalk need to go live which will hopefully initiate additional Dapps on chain and not forgetting Nabla also launcing on Arbitrum (An EVM protocol) then we should start to see traction.
When talking about these early blockchain investments its hard not to overstate the potential. Of course nothing is guaranteed some make it and some dont - but thats the calculated gamble for example my best investment last year was in Injective protocol which I bought around $4 and recently peaked at $40 - nice pat on the back for me but the real story is those that bought at £0.4 back 2022