/biz/ - Business & Finance

>>51208801
Good luck to reach that CCIP growth for 2022 with less than 3 months remaining followed by a 50% only growth next year.
You can see the fuck up in the slides showing the planned smart contract growth.

>>51005486
The problem is he didn't say his plans got delayed by the ETH merge delay.
Look at this slide from his initial presentation.
Not only the growth in contract calls got stalled by the mini bear market this year, but CCIP was a big plan for this year's increase in smart contract usage.
You don't add 50% of your previous year's contract usage in 2 month when releasing a new feature.

This chart hints that the release of CCIP got delayed and reality won't fit with this chart.
It will be interesting to see how Sergey updates his chart after this year ends.
We will then likely see that the smart contract growth has been slower than expected in his initial planning for this year.

All the important features bringing new income sources and growth have been delayed by ETH. This delay is 5-6 month this year, but the reason we had to wait so long for staking is because ETH kept delaying their updates and not delivering on the scalability.

I just realized this was chart was smart contract growth and not income growth.
It may not represent correctly the increase in network income and profitability because an increase in high income services would generate more income than an increase in low income fees like NFT random generators.
In that case the CCIP growth could generate more income than what we see on this chart if they have higher fees because of the higher security costs, and higher complexity of the service. But we also don't know their economic model at the moment.