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Blu - impossible to say at this point as it totally depends on its success ie how much it is used. Bridges get revenue from transaction/toll fees so its down to how many transaction go through it and how much can be extracted as a fee from those transactions. It will also depend on how the bridge expands. Currently it is only a bridge from Polkadot to stellar, but Pendulum have stated they intend to add further blockchains, so if it were to grow into a truly multi-chain bridge it gas the potential to be huge.
For an example take synapses bridge - started as a stable swap bridge on BNB-chain and has evolved into a very popular multi-chain bridge - current market cap about 57m usd and an estimated 15m usd annual revenue.
But again its all down to the uptake and its too early to determine for spacewalk yet as it isnt even fully live.
This article might help explain things far better than I.
https://www.vaneck.com/us/en/blogs/digital-assets/blockchain-bridges-trolling-and-tolling-to-174b-dollars/
East Africa's Digital Dawn: ClickPesa Debt Fund and Pendulum enter into funding and technology partnership for Tanzania's Microfinance Evolution
https://finance.yahoo.com/news/east-africas-digital-dawn-clickpesa-120000480.html?guccounter=1&guce_referrer=aHR0cHM6Ly90LmNvLw&guce_referrer_sig=AQAAANjyZzpsq5jMLgZbqrR-KtZW7xrFJAODw7oPSBqSQHE5NJsifBWJyyjUGoXFBNp-9PkaavYR6mB2mBF_wcC8LELQz2D1WG3E3XX-JRHOpIFq32-od2wfY3yAaZydWaSfmUq_ARJLUkSQp8HShZhcAJ1Pw3pEsKIJhxbQGbNV5vvQ
ARGENTINA'S BITCOIN FRIENDLY PRESIDENTIAL CANDIDATE JAVIER MILEI WINS ELECTION
https://bitcoinmagazine.com/markets/argentinas-bitcoin-friendly-presidential-candidate-javier-milei-wins-election
The current crypto space reminds me of a comment made by Western Union in 1879
“ This 'telephone' has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us.”
;-))
I notice that the updated roadmap has a Lending dApp launch listed for Q4 23 - This would indicate that there is a dApp currently in development building on the Pendulum platform that is not in the public domain yet. Could be interesting.
According to Global Market Insights, the market for digital lending platforms surpassed $8.5 billion USD in 2022. Its compound annual growth is expected to hit 20.5% from 2023 to 2032.
Slug - as a matter of interest how would you go about breaking into a new market place without actually exhibiting and making a presence in the target marketplace ?
Sorry - I’m like a number 9 bus - I dont post for weeks and then I post all at once.
Anyway Paypal moving into crypto.
https://www.coindesk.com/policy/2023/11/01/paypal-approved-for-uks-crypto-register/
https://thedefiant.io/paypal-takes-a-stance-and-says-blockchains-are-the-new-financial-rails
There is also a new repository fork to defi-lama (https://defillama.com)
Defi-lama is a crypto data company providing aggregated data on crypto projects, so it looks like Pendulum is soon to be added to the dataset.
If its of interest Pendulum are adding coding for projects from a company called Caviarnine (https://www.caviarnine.com)
CaviarNine is a forward-thinking fintech company focused on providing web3 users with advanced and user-friendly DeFi trading products built on the Radix platform. The company leverages its team's extensive experience in traditional finance to create modern, professional, and secure crypto products that comply with regulatory requirements. By utilising the unique features of the Radix ecosystem, CaviarNine aims to revolutionise the DeFi space and empower users with cutting-edge financial solutions.
The company's diverse team is spread across Thailand, Singapore, Canada and Australia, with its headquarters in Bangkok.
For those interested in crypto in general, every year Chainalysis (blockchain research co) issue a report entitled
“ The 2023 Geography of Cryptocurrency Report - Everything you need to know about regional trends in crypto adoption”
Taking into account Pendulums target of Latin America some here may want a read.
https://go.chainalysis.com/rs/503-FAP-074/images/The%202023%20Geography%20of%20Cryptocurrency%20Report.pdf?version=0
The tech is still in the developments stage so as I dont particularly like repeating myself (unlike some ;-) it is not until Q1/2 24 that things will/wont start really moving. In the meantime creating awareness around the globe is ok for me
Back 2022 Dynasty announced a partnership was signed with “New Zealand's largest telco”, with a “dominant market position” and “premium” brand presence. The largest telco in New Zealand is Spark.
well in October Spark announced it was entering gaming with the launch of Spark Game Arena and within the announcement was the following statement
‘ We’re excited to be trialling something new working alongside Letsplay.live, an organisation that knows New Zealand’s gaming sector well and is well placed to help us deliver The Rise Cup. Whether you game competitively, jam Fortnite with your mates or want to try your luck at something new, you don’t have to be a pro, you just have to be ready to give it a go’
I am no expert in this field but the letsplay.live is effectivley the dynasty technology/platform so thongs are clearly moving along well. One of the issues with Dynasty is it seems to me that as they are a back-end technology providing the backbone platform for others front ends, they rarely get to be part of any publicity
https://www.scoop.co.nz/stories/BU2310/S00023/spark-enters-gaming-with-launch-of-spark-game-arena-and-its-first-online-tournament-the-rise-cup-featuring-fortnite.htm
Just speculation but in 2022 there were just under 90 new IPOs on ASX and only 27 in the 10 months up to date for 2023 - ie average 2.7 permonth - shows how the market hasnt really been ripe.
However there are 9 upcoming for November so maybe that sentiment is changing.
Cant help but add my penneth worth here as this obsession over who owns what is a tad woeful, surely everyone is grown up enough to make their own decisions regardless of who buys, who sells or who posts what. Everyone has their own agenda (and that includes me) so as Gazzleberry has often stated - never trust a grownup :-))
Duke - apologies for not replying earlier - im only looking in every so often at the moment as main focus is elsewhere. still holding though
In a nutshell listing on Polkadex is definitely another step in the right direction as Polkadex is a Decentralised exchange it exposes PEN to permissionless swaps ie more experienced crypto holders. Polkadex is in itself quite a new DEX and a fellow parachain on Polkadot ecosystem but they do also have a bridge to Ethereum so all in all more exposure and generally good hews.
Gazzleberry - another kick in the balls for the SEC against Ripple. Gensler and the SEC have waged war on crypto for the last year or so and ate now pretty well loosing every case. The uncertainty has clearly had an effect on the markets but its looking like confidence is returning. Gensler is in trouble imo - are you still in XRP ?
Extract from chainalysis 2023 Geography of Cryptocurrency Report worth a read for those actually interested how the crypto space is developing.
Although crypto adoption in CNWE is still in its early stages, many industry leaders are excited about what’s to come. Perillo stated that the potential for innovations — especially in areas like smart contracts, NFTs, and DeFi — is immense. “It will be interesting to see how traditional financial institutions, tech startups, and regulators navigate through the challenges and opportunities presented by the crypto space.”
https://www.chainalysis.com/blog/western-europe-cryptocurrency-adoption/?mkt_tok=NTAzLUZBUC0wNzQAAAGO5BrsY1raVj5lD5VhYf23J9rlZg6Zxl1u4Ct3ay5zTyEaEI6KXfRZgYbrH-T6YEg0T_pn2J9_c4XP1ovipIL1srJjlWZKzcDMw5PmO_iO3yeD
Half an hour ago fake news about a spot bitcoin ETC approval did the rounds and BTC jumped nearly 10 percent in five minutes (since dropped back as fake news was realised) - but gives a glimpse of what will happen on confirmed approval
This has to be positive news for Dynasty
https://www.bbc.co.uk/news/business-67080391