Seeing this tweet suddenly awakened my ancient memories @The fifth coin that Iota remembers buying (in the second half of 2017, the order of buying was BTC, ETH, LTC, EOS, IOTA) I remember the highest ranking was probably breaking into the top ten, and at that time, I had the most confidence in EOS and IOTA, one focusing on parallel high-speed (claimed to have millions of TPS at the time) and the other on DAG technology+Internet of Things. Unfortunately, the narrative of the Internet of Things lacks momentum and has turned into Depin. And at that time, IOTA did not support smart contracts, so Defi Summer had nothing to do with him later. I just didn't expect EOS to completely cool down today, but IOTA is still actively working on things In this round, most of the original narrative foam on the chain have broken, and the market is no longer paying the bill, relying on market makers to harvest fluctuations. The true direction relative to Solid, such as stablecoins and the on chain stocks/equity that I write about every day, can be summed up in four words - reducing costs and increasing efficiency, using blockchain to "reduce costs and increase efficiency" in the real world, especially in the financial world. Because blockchain is essentially a global ledger, it is inherently designed to reduce costs and increase efficiency. Various "zero value" knockoffs on the chain, asset issuances such as Meme, and speculative "big casinos" are also PMFs, but not just this PMF. So stablecoins, agent payments, and stock/equity on chain, these "real PMFs" that connect the real world, are starting to gain momentum in this round In fact, technically speaking, this PMF1-2 was already ready, and the lack of readiness is due to regulatory uncertainty. At the end of last year, Trump took office, and this year, the passing of frameworks such as the Genius Act and the Clarity Act gradually clarified this overall direction What IOTA is doing now is also very down-to-earth, and it's not a narrative. They have already started pilot projects, in other words, they have already been implemented, and the rest is to expand to a larger scale What's the point? It's about solving the current chaotic and inefficient system of international trade, where the annual trade volume of 33 trillion relies heavily on 4 billion paper documents. The cost of manual verification, document fraud/trust costs, transaction fees, and other annual waste or losses are all in the billions of dollars Africa, which is the most underdeveloped and underdeveloped place in terms of infrastructure, is naturally also the place with the greatest waste and loss Now ADAPT (African Continental Free Trade Area Digital Access and Public Trade Infrastructure Initiative) is based on IOTA's real-time digital trust to replace paper documents and manual verification. What does it look like? We have missed the era of credit card and jumped directly to the era of code scanning+face swiping payment. Africa has "half missed" the era of Internet information and jumped directly to the era of online digital public infrastructure based on the "global ledger" The pilot data for Kenya has now been released- File verification time ranges from 6-7 hours to 30 minutes Thousands of flower exporters save $400 per month on paperwork costs Eliminate 60-70% of manual operation steps The pilot program in Rwanda has also been successful So you can see from the tweet that an expectation was given based on the pilot project- Double the intra African trade volume by 2035 (with an annual increase of $70 billion) Create $23.6 billion in economic benefits annually The border clearance time has been shortened from 14 days to within 3 days Cross border payment fees have been reduced from 6-9% to below 3% That's also a good thing for IOTA Firstly, IOTA is no longer the chain that did not support smart contracts back then. Rebased mainnet upgrade was completed in May this year, supporting 50000+TPS and 0.4 second confirmation time. Implement dual virtual machine support: MoveVM L1+EVM L2 running. At present, there are over 300 smart contract deployments, 30000 daily active addresses, 56.91 million monthly transaction volumes, and 48.6% of tokens participating in staking Secondly, in the future, these millions of cross-border transactions, including the tokenization of physical assets such as cargo shipments, goods, invoices, etc., will bring about activities on the IOTA chain and the destruction and locking of IOTA tokens. IOTA, as a VC free unlocking token structure with a staking rate close to half and extremely dispersed chips, will enter a deflationary phase with 100% certainty. Finally, let's talk about something fun. This may be the first time in history that the entire continent has built an open digital trade channel based on blockchain, and who would have thought about it? Satoshi Nakamoto himself Look at the posts he posted on the Bitcoin forum for 10 years He envisioned the development direction of BTC, which would carry custodial transactions, bonded contracts, third-party arbitration, multi-party signatures, and so on in future transactions. However, now BTC has taken the golden route, and IOTA has been the first to implement these ideas At present, the market does have a bear market feeling, and even people jokingly say that "the value of knockoffs is zero", but I believe that stablecoin payments of USDT/USDC, on chain stocks of Ondo/TableStock, and digital public infrastructure on the African trade chain of IOTA will be the vanguard of blockchain entering the real world. We have finally taken the first step beyond BTC value storage, breaking free from the only narrative of "on chain casinos" in years. A single spark can start a prairie fire