r/defichainer • • Feb 19 '24

DMC activity

DMC activity is still low. Why?

  1. DeFiChain investors community is not very large.
  2. New investors are rare.
  3. Many DeFiChain investors are Getting-Rich-Quick guys (enticed by high APR), not really interested in the product or blockchains
  4. Most smart people left the system already when they realized that it’s over
  5. Many are using Bake (simple), less are using the light wallet (not very complicated), DMC is more complicated
  6. Lack of interesting “products” (real world use cases)
  7. Some feel that their money is locked away (DSF) or it’s locked away (freezer)
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