When it comes to the world of cryptocurrency, there are countless applications and use cases that cater to different needs and goals. One key factor to consider is that not all applications are created equal, and each serves a unique purpose in the crypto space.
For example, building an order book decentralized exchange (DEX) on Polygon’s Proof of Stake (PoS) network is a vastly different endeavor compared to other crypto projects. According to industry experts, such a project would need to generate significant transaction fees to be considered successful.
For instance, if a DEX on Polygon PoS was only generating $20,000 in fees over several months, it would be deemed a failure. This is because a successful DEX would see a high volume of orders being placed, canceled, and filled, leading to a large number of transactions on the network.
Therefore, it’s essential to understand that different applications have distinct intended purposes within the crypto ecosystem. Whether it’s a decentralized exchange, a blockchain-based game, or a decentralized finance (DeFi) platform, each project must align with its specific goals to thrive in the competitive crypto space.
