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Just discussed the latest progress of the Quai project team in the live stream. To be honest, this project has been performing a bit outrageously since BTC hit bottom—its gains rank among the top in the altcoins I track, despite liquidity being quite limited and only tradable on a few less mainstream exchanges.
What's even more interesting is their on-chain revenue data. Recently, their daily average on-chain revenue has surpassed Ethereum. And not just once, they have been consistently competing with those public chains with a market cap in the billions, and performing quite well. Not many projects can achieve this.