Real Vision chief executive Raoul Pal is “taking a pulse” on the adoption of crypto assets by examining Google Search activity.
“BTC as the base layer is less likely to see the rise in interest [at] this point in its adoption curve — more steady increases in adoption over time.”
“ETH seems to be capturing the L1 element of the applications layer (sort of like the social token of the applications ecosystem).”
The Real Vision CEO says decentralized finance (DeFi) Google search activity has remained steady but isn’t growing at the moment.
“DeFi, considering the [total addressable market] of its application, is likely to see much more interest over time. We have only seen the first mini-wave. Wait until TradFi goes on blockchain for some real magic applications.”