@godmanwealth
I conducted research on Bitcoin-related protocols and how they relate to Portal! 👋
Bitcoin-related protocols consistently outperform chain averages in user engagement, with some achieving engagement rates of 70-87% compared to typical blockchain averages of 1-9%. 🫨
This presents a compelling opportunity for Portal to Bitcoin, which aims to enable native, custody-free Bitcoin DeFi through atomic swaps and cross-chain interoperability.
Here are some key findings:
- Cross-chain Bitcoin protocols attract users with $25K+ average transaction volumes.
- Wormhole leads with 900K+ users across chains, demonstrating proven demand for Bitcoin cross-chain solutions.
- User quality metrics suggest Portal could achieve 70-85% engagement rates based on similar protocol patterns
- The native Bitcoin DeFi market remains largely untapped, creating a blue ocean opportunity
This data tells us that if Portal gets it right, they'll be having a huge part of the market. 🫶💓
gPortal 🏂
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