MARKET VISION
Palms grow tall, just as our platform grows with your needs.
What prospects are awaiting us? Of course, it's the rapid development of the DEX sphere.
Allow me to share some figures: in March 2023, the total trading volume on decentralized cryptocurrency exchanges reached a record $94.7 billion, marking a monthly peak for the period from the fourth quarter of 2022 to the first quarter of 2023. This means the indicator grew by an impressive 54.5% compared to $61.3 billion in February 2023. And what's even more impressive, the growth of DEX over the last six months amounted to 104.2% compared to $46.4 billion recorded in October 2022.
Looking at the quarterly indicators, in the first quarter of 2023, the total spot trading volume on DEX reached $216.0 billion, which is 33.4% more than in the same period in 2022 when the volume was $161.9 billion.
Analyzing this data, we at Palma Network conclude that the DEX sphere is one of the most dynamically developing sectors in the cryptocurrency world and will undoubtedly occupy key positions in the WEB 3 era. By the way, if you look at the data in 2024, the average is something like this: - Volume in the last 24 hours: $7.85B; - Last 7 days volume: $44B; - 30-day DEX volume: $139.4B; - 12-month DEX volume: $1,306B. What about the market volume in numbers?
1. TAM (Total Addressable Market)
TAM represents the total market size that our project could potentially capture if there were no limitations. We will use the current 12-month DEX volume as the base figure:
12-month DEX volume: $1.306B (billion)
Thus, TAM is $1.306B.
2. SAM (Serviceable Available Market)
SAM is the segment of TAM that our project can realistically target, considering its specifics and focus. We assume that our project can capture 25% of the total DEX market volume:
SAM = 0.25 x TAM SAM = 0.25 x 1.306B SAM = 326.5M
Thus, SAM is $326.5M.
3. SOM (Serviceable Obtainable Market)
SOM is the portion of SAM that our project can realistically capture, given the competition and our resources. We assume that our project can capture 5% of SAM within the first year of operation:
SOM = 0.05 x SAM SOM = 0.05 x 326.5M SOM = 16.325M
Thus, SOM is $16.325M.
Summary of Results
TAM (Total Addressable Market): $1.306B
SAM (Serviceable Available Market): $326.5M
SOM (Serviceable Obtainable Market): $16.325M
Palma on fire, mate.
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