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The Learning Pill 💊
@thelearningpill
Curating crypto alfa, insights and new projects so you can make it // Storyteller at @glasscade_xyz Nothing here is financial advice.
参加 January 2018
1K フォロー中    23.4K ファン
Bullish data on @EthenaPay $ENA Spending volume on it has been compounding on the 7D and 30D period. What makes me lean bullish is also it's mechanism behind it. A 5-6% dollar savings rate (in $USDe) and cashback paid (in $AVAX) on spend gives people a reason to keep balances in the app and route real transactions through the card. Its only mid-month and at this rate it'll likely cross the $1M volume mark by end of the month.
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Top 10 card programs ranked by 7D volume change [8th Sep to 14th Sep] 1) @EthenaPay +137.2% 2) @SafePal +25.5% 3) @bfinancepay +20.8% 4) @avici +16.1% 5) @KoloHub +9.6% 6) @KASTxyz +6.1% 7) @useTria +4.7% 8) @Karta_Personal +3.1% 9) @Plasma One +2.3% 10) @Gnosis Pay +0.6% The spread widened this week. @EthenaPay takes the top spot with +137.2% on 7D, more than 5x the next-fastest program on the board. The launch ramp we noticed last week continues to steepen. @SafePal, @bfinancepay and @avici each cleared double digits, which is a strong week in its own right. Below that the field compresses fast. From @KoloHub at +9.6% down to @Gnosis Pay at +0.6%, the bottom six are clustered in ordinary single-digit gains because that's what an established program looks like on a normal week, while @EthenaPay is still in the part of the curve where the numbers move.
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