Looking at Real Adoption of Web3 Projects, Not Just Speculative Trading
FNDX looks at the *real usage* of Web3 protocols, not just speculative activity like trading. One of its portfolio tokens, The Graph, has seen strong increase in adoption:
Actual queries for on-chain data
Number of 'subgraphs' ie data warehouses
Fees paid out to data indexers
Number of chains supported (adding new chains have been productised)
The GRT token itself is up 43% since the start of the year, but to FNDX this is secondary to whether people are actually using the product.
If there is growth in usage, then with sound token mechanics, the token price will ultimately be correlated with this growing adoption, not just with market panics/surges, and that will drive sustainable gains.
That is why all of FNDX's strategies are long-term, with a 3-5 year horizon.
FNDX sees protocols and products as part of the new Web3 economy. It does not see them as tokens in a casino merely to be traded.
Even for one's own portfolio, once you focus on actual adoption, not merely trading volume, you gain some intelligence over whether to hold a token, or participate in staking/delegation, or not.
You no longer have to look constantly at price data or staking rewards, which gets exhausting very quickly.
Real world data is the key to sustainable, multi-year gains.
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