Topic: Blocknet's DEX and Xrouter. Might Peak Next Bull Run. $100 Blocknet Speculation. (Read 827 times)

The litewallet looks awesome, just read the recent Blocknet newsletter covering the fact that the Litewallet's GUI is finished, and needs the final touches for release, which is pretty damn cool

If the XRouter and XBridge takes off, the sky is the limit. Blocknet will literally enhance ETH dApp developments to a more decentralized level, it could be HUGE.

I bought as well. I actually believe Blocknet has potential to reach WAY more than $100. Nobody knows though, we'll have to see what kind of partnerships they roll out eventually 

Blocknet just dipped below $1, which made me buy a few hundred more. Blocknet enhances the ETH network, makes it more decentralized through data, and oracles.

Who knows how high this project really can go.

If Blocknet partners up with Metamask, or any other big blockchain projects, I'm sure it will fly through the roof do to it's scarcity... 

Looks fucking sick. I believe once DEX  trading becomes as easy as CEX trading that we'll see a transition of people moving from CEX's to DEX's in a slow steady flow.

I'd love to try this wallet, as I pretty much use standalone GUI wallets for all my coins as it is right now.

Once Blocknet's Litewallet is released, which is a multi currency wallet with 1-click atomic swap trading from the integrated DEX by Blocknet. I'm sure volume will pick up.

Thanks for your input. This team is really working on a lot of useful needed tech, yet still go unnoticed most of the time. Once they land partnerships with bigger corporations, I'm sure people will pay attention to the project again, haha.

Blocknet achieving ETH utility is pretty damn hard, but a FRACTION of their use case could make Blocknet explode. Gotta remember that the supply is pretty damn scarse.

True, but Ethereum's dApps depend on Infura, which is centralized data source they use to communicate with to the main chain. Blocknet has a decentralized solution to this, which I believe could be very popular among crypto enthusiasts

I believe most people are unaware of the centralized data being broadcasting on the Ethereum network.
To put it simply, they want to build their own Infura solution, Infura is used by Ethereum today, to broadcast transactions on the network.
The easiest way to view Infura is a centralized data source
And so many of the biggest names rely on this source, whether it's many of these ETH DX's or Ledger/etc - Blocknet have the infrastructure to decentralize the data source, meaning you could be asking for an ETH transaction from "service node 1", or "Service node 2"or "Service node 3"  etc (Service nodes being the masternodes).

If 1 goes down there will still be access to another one... the other benefit to the end user is they can verify truthfulness based on decentralized consensus
meaning if you call 10 snodes and 9 of the 10 give the same result... the chances are those 9 are correct and the 1 is incorrect

True, and while these numbers seem unreal it's definitely not impossible to reach. Blocknet will create the infrastructure for developers to make use of their oracle network, which can be accessed at any time as soon as it's live. Currently XMR, and NEO is being integrated. This means that you can make extremely flexible dApps gathering blockchain info from multiple chains at once if that's what you wanted to do, even communicate with real life applications through SPV calls.

Blocknet will be extremely flexible, dApps will run smoother, AND cheaper.

But to achieve ETH utility, you need all of those apps/dapps that need executions to create that demand for gas,,, therefore the utility and therefore why ETH is so popular. It is not just about ONE app with a lot of us but a LOT of apps with growing demand and use. Which is why ETH is successful and not really Cryptokitties (which dies after a while).

That's a pretty wild scenario, and I sure hope anyone holding BLOCK will see those results. I'm pretty interested in their Litewallet, as it's gonna be a game changer for their DEX itself, since I believe more people will make use of an easy to use DEX interface.

Blocknet can potentially reach $600+ why? Well...

Here's a scenario:

ETH charges gas per tx on the chain, giving it utility. ETH gas price right now is around $0.12 and there are about 900,000 tx's/day which brings us to $108,000/day paid in gas. Now let's toss in ICO buy pressure which raised $371M in 2019 (and let's assume it's all on ETH)... that's $1M/day, bringing total pressure to $1.11M/day on ETH. As a result (among other obvious things that don't need to be explained for the sake of the example) ETH is currently at a $22B market cap

Now let's conservatively talk Blocknet usage throwing in some fun numbers. Infura sees about 15 Billion calls per day. Checking out their pricing this comes to about $3.75M/day. Let's say we're able to do only 5% of that, that's $187,500. Now let's say the DX will do only $25M/day at 0.15% (not official, just using as an example), that's $37,500. Combine the 2 and that brings us to $225,000/day or about 20% the "pressure" of ETH (and $563/day income per Service Node assuming there's 400 running.). If you slash ETH's current cap by 20% you get $4.4B... which is $647/BLOCK

Blocknet is definitely being under estimated at this point, and I completely understand why.

1) Low volume
2) Old project (most people are looking for brand new projects)
3) Hardly anyone understands the tech

What most people don't realise though, is that Blocknet's soon to be released Litewallet will make it WAY easier and more convenient to trade on their DEX. Their XRouter is being worked on as well. NEO has been implemented, and XMR is currently being worked on as well. Eventually you'll be able to access blockchain data from multiple chains as you feel like, which is really damn powerful. We've got so many blockchains, yet they can't communicate.

Through SPV calls, Blocknet will also be able to connect to real world applications - With a marketcap of $10 mio. the upside on this one is truly massive. Time will prove me wrong or right, but I'm sure Blocknet will be a good performing project as soon as they start doing partnerships with other blockchains and real world organisations. 

True, the top 10 alt's has been dominating the market, but we've seen small cap projects lately out performing the bigger projects by a long shot as of recently, which is showing signs of a new bull run.
If and when BTC breaks it's former ATH, we'll see massive moves in the markets again, pushing altcoins through the roof, with only the strongest ones surviving - Blocknet will surely be one of them based on tech and market fundamentals.

While we're still in a bear market, it's really hard to tell which projects will truly make it at this point in time. Some projects have falled more than others, and projects are still evaluated upon hype more than anything, which is likely to change in the future, as crypto projects funded from ICO's is running out of money, which isn't the case with Blocknet's business model for instance.

I believe that once they are finished with the XRouter, they'll definitely seek partnerships with other blockchains, which will in return get them a lot of attention, as we've seen with Chainlink just to name a project.

This is a big problem for many new investors. They always believe in the technology of many projects and hope for something bigger about its true development. But projects with good technology are not enough, they need a good community so people can join hands and help that project be strong fomo. Then the new project can survive.
I know blocknet, a popular name in blockchain technology village but it lacks a key to success that is community. many people know the blocknet but are not ready to go with them on a further journey. Blocknet's Xrouter and DEX were supposed to thrive for a long time but were hampered by a lack of popularity. I think the team should consider marketing to attract the community.

Blocknet might hit $100 some day, but it needs a serious altcoin boost in the market, which means a lot of other projects will likely follow the same path. We'll see plenty of 100x scenarios in the future, because the overall cryptomarket (if you remove BTC) is tiny compared with stocks.

If XRouter takes off one day, I'm sure the fees associated will build up pretty nicely. I just wonder if competition against Chainlink will be too hard? I'm sure we'll see tons of other oracle networks in the near future, and I'm sure the cheapest solutions will be the true winners, which it seems like LINK is losing currently.

Interesting read regardless, thanks for posting.

From the research I could find - Blocknet's XRouter acts a blockchain router, which can be used to access multiple blockchains at once, and at the same time making them communicate with real world applications as well.

Here's a very good article I found on exactly this, pretty interesting   

https://blocknet.co/introducing-xrouter-developers-can-now-mix-and-match-any-blockchain-via-the-worlds-first-blockchain-router/

Need to correcy myself here I guess.

You can earn from 4 sources, I forgot you can stake your own masternode collateral as well, which is a new thing Blocknet implemented not too long ago. Incentiviced staking makes the eco-system safer to use.

Sounds pretty interesting. When is the XRouter seeing it's first release? I believe potential partnerships across the crypto communities would be an ideal start for this project to gain traction after the release of their XRouter - If they manage to do that, I'm sure Blocknet is off to a good head start

Yes, you can earn from all 3 by running a service node, with the DEX fees being a real thing, and the remaining 2 coming in the near future.

A lot of the "liquidity" you seem to find on other projects is basically just wash trading. I've gone through a lot of projects as of lately, listed on bigger exchanges, and it's very easy to pin point wash trading patterns, as the price of a lot of coins simply don't move that much with large quantities of coins being traded out of nowhere.

Blocknet is listed on a few decent exchanges already, and the DEX volume itself has increased a lot the last few weeks, which is a great thing. Almost 10k daily volume some days, which is a good start - It seems as some of the trading of BLOCK which previously was at Bittrex, has now moved over to the DEX itself.

Interesting read, thanks for posting this

I'm still a newbie in terms of the crypto world, so I can only try to "guess" what's becoming popular in the future, and I do think DEX's will be one of the key elements of crypto despite all the hate we're seeing.
Fed's printing monney like no tomorrow, people losing confidence in the US dollar, hence why a lot of people starts to look into crypto. The fact that you soon can't trade without revealing your identity is a problem. DEX's seems like the perfect solution for this.

Blocknets XRouter seems promising for blockchain developers who want's to bridge data between blockchains. Reminds me of Chainlink, does this XRouter have the capabilitiy to communicate with real world applications as well? if so.. How?

I found this thread through a quick search, as I wanted to do some research on Blocknet's XRouter tech.. If it truly takes off the price of the coin itself will far exceed $100/coin, due to the low supply.

So glad I found this project, someone posted about it on Reddit a few days ago, haha.

Blocknet is listed on Bittrex, Upbit and a few other good exchanges. I'm sure they're planning to add more exchanges, but they're very busy these days working on everything. They are there from time to time on the Blocknet Discord server though to answer questions, very friendly community 

Is's possible to earn all when we will become the service node? that looks interesting. The problem is not so many liquidity available in the market.
Xrouter makes me interesting.
I just hope block can be listed on more big exchange site at least kucoin to get the liquidity. That becomes the main problem when there was a good altcoin that comes the good product with various advantages for the node.

Everyone here and all over Reddit constantly says this: "The next bull run will be dictated by crypto projects with actual useful and working products", which I 100% agree with.

You still see a LOT of people speculating in new projects though, typically scam projects, just looking to make as much money as they can, with as less effort put into it as possible (ERC20 tokens 99% of the time).

Everyone seems to have forgotten about Blocknet, since their main product used to be their DEX, which they successfully launched as the worlds first decentralized exchange. It works, but it lacks liquidity, which I guess was a huge disappointment for most people/investors.
It's obvious that the bear market didn't play well with their release of the DEX, but once the bull run returns, I'm sure we'll see tons of people use DEX's, including Blocknet's which will drive up demand for their native coin: BLOCK.
You can read more about the Blocknet DEX here: https://blockdx.com/
If you own 5000 BLOCK, you can run a service node, and make profits in terms of:

Block rewards
Trading fees from the DEX
Xrouter Fees
Staking Fees (Yes, service nodes will profit from staking fees as well)


BUT, what exactly IS this "Xrouter", and how does it work, and WHY is it such a huge part of Blocknet?
Blocknet's Xrouter

Blocknet has developed XRouter, the first protocol that allows building decentralized apps based on multiple blockchains. Developers can create dApps using features of different blockchains without having to download them to your machine. Here’s what makes it special:

- Compatible with all blockchains.
XRouter will be compatible with all public blockchains such as EOS, Ethereum, Stellar, Cardano, Tron and many more. It even covers DLT and private chains such as IOTA, Hashgraph, Hyperledger, and D3.
No need to download the whole blockchain.
XRouter provides you with instant decentralized access to any blockchain without having to download it to your machine. Similar to streaming video on Netflix, it saves time and storage.
Facilitate the creation of decentralized apps.
Simply mix the out-of-the-box features of different blockchains to build the dApp of your dream.
Allows blockchains to exchange data.
Just like internet routers define paths for users to receive information over the internet from different websites, XRouter also utilizes the TCP/IP network to connect paths between different blockchains so that data could be freely exchanged between them.


Blocknet's Xrouter can connect, and pull any blockchain data from any chain whenever you want, but not only that, it's also gonna be able to communicate with real world applications, solving the oracle problem.

Considering blocknet's low supply of 6 million coins, and it's ridiculously low marketcap, I predict this project could easily reach a marketcap of 600-700 million dollars, valuating BLOCK at $100/coin. 

Decentralized Exchanges is the future - We're seeing TONS of new DEX's being built as of lately, so there's no doubt in my mind, that once people realize they can profit off of the trading fees on the Blocknet DEX, that the demand for this coin will be sky high, not to mention the use cases of Xrouter which will be managed by the same service nodes as well.

I challenge any doubters to join their Discord server, and try their Xrouter (currently in beta) and see how it works for yourself. You can pull a TON of blockchain data from it's services already, which is impressive to say the least.