And this is, you know, where my question lies to you, Manny, I know you guys are making in great yields here, around 4% on staking. But you know, there are other things that come along with expansion into defi, right? Lending, yield farming.
SourceYou guys could own your own staking infrastructure and do delegator staking like there are a lot of things that you guys can do in addition to already being, already trading at a premium to net premium to net asset value, or, sorry, a discount to net asset value, to actually increase the value.
No one really uses iMessage in any great deal outside of the US. And of course, there's WhatsApp, there's signal, there's iMessage as text, but there's also Telegram, right? And you know, 87 million users in the US and growing, and, and, yeah, you're right. The on chain metrics are actually pretty strong, although, you know, we're like roughly number five blockchain a number of users in terms of usage and on trend transactions. But it's like 2025, by market cap, right?
So there's a big gap, which, again, I think will be, will be closed, and, and the other thing I would say is that because of telegrams, basically, sort of, you know, development and exclusive partnership with on they there's a lot of off chain usage the telegram is building before putting it on chain.
But, you know, stable coin is, of course, at the heart of defy and and, of course, the sort of plain vanilla, basically yield option here is what we already doing.