Recently, I specifically calculated the real application penetration rate of the $SIGN ecosystem, reviewed all the connected merchants, nodes, and user scenarios, and found that the phenomenon of 'usable but unused' is particularly prominent. My actual statistics show that the official claim of 32 partner merchants connected, but in the past 30 days, only 4 have actually generated more than one transaction, resulting in a penetration rate of less than 13%; the three scenarios planned in the white paper for cross-border payments, identity verification, and business travel services have a total of less than 90 daily active users.
Previously, a blogger deeply engaged in local merchant operations in the Middle East said: 'Connecting does not mean landing; using it is what counts as landing. No matter how many dormant merchants there are, they cannot support the ecosystem.' I admit that the project has indeed established many cooperative relationships in business development, and it is not a mere air project. However, after a large number of merchants signed contracts, there was a complete cold start with zero operations, rendering the scenarios virtually non-existent, and the tokens lost their most basic soil for use.
The more I review, the more I feel that what $SIGN lacks now is not the number of partnerships, but the ability to operate merchants and activate scenarios. If the connected merchants are not revitalized and real transactions are not initiated, even the largest cooperative network is just an invalid list. #BTC
