$AZUR - The Dark Horse Poised for Explosive Growth in Prediction Markets
A lot of attention is going into Polymarket now that we are nearing the elections.
I think we are underestimating what an election, once in every 4 years could do to prediction markets and my eyes are all onto a 100x undervalued dark horse.
Processed over $400M+ in volume with more than 5M+ transactions, supporting 28 apps generating $4.2M in revenue.
Clearly, it's a top performer on Polygon and Gnosis chains
However, here is what you don't know 👇
These are metrics have been organically build and consistently showing @azuroprotocol strong growth with sustained user engagement.
There is clear market dominance. Azuro underpins 90%+ of on-chain sports prediction volumes and it has a huge Total Addressable Market:
- The on-chain sports prediction sector has an estimated TAM of $70-80B annually.
- Azuro's dominant position puts it at the forefront of this massive market opportunity.
- Azuro's modular infrastructure offers an adaptable and scalable foundation for on-chain predictions and betting.
- Consistent 2-4x quarterly growth in key performance indicators (KPIs) demonstrates a strong upward trend.
Tokenomics metrics is extremely deflationary that shows its effectivenss in incentivizing long-term holding:
- 40% of circulating supply staked
- 20%+ USDT APY
Azuro have really big upcoming catalysts:
a) Elections:
Prediction markets often see increased activity during election seasons. This could boost Azuro's transaction volume and user engagement in the near term.
b) Token Stability:
No token unlocks scheduled for the next 5 months. This provides price stability and shields investors from potential dilution, a positive factor for short to medium-term price action. 📅
c) Strategic Collaborations:
Potential synergies with platforms like @Polymarket and @Chiliz could lead to innovative offerings and expand Azuro's footprint in the prediction markets landscape.
d) Undervalued Valuation:
If we compare that with Polymarket, its FDV is 10x that of Azuro. $1B vs $160M. This is undervalued and I see it only to keep on growing as Azuro continues to deliver through on their roadmap plus considering all that upcoming catalyst and healthy token metrics.
e) Developer Attraction:
Azuro have designed very attractive economic models that could attract more developers, potentially increasing the protocol's use cases and overall value proposition.
Notwithstnding, I have to acknowlege some risk factors despite my pure love for the prediction markets:
- Regulatory uncertainty in prediction markets
- Competition from established players
- General crypto market volatility
In conclusion, I feel that @azuroprotocol $AZUR shows strong fundamentals, impressive growth metrics, and strategic positioning in a high-growth market. Its infrastructure play in the prediction market sector makes me all aligned for a long term hold