Meter are creating a Layer 1 / Layer 2 hybrid platform, meaning that it helps provide faster transaction speeds and scalability for other Layer 1 platforms, whilst also having their own Layer 1 solution.
Pros: Unique Selling Point - Meter.io stands out with its Layer 1 and Layer 2 hybrid solution, making it niche and potentially more attractive for adoption. Utility - The SMTRG token holds significant utility as it can serve as a sidechain for large networks like Ethereum, which experience high traffic. Market Cap - The project is still in its early stages, presenting considerable growth potential and a higher risk/reward ratio.
Cons: Community - Meter has a small community with limited engagement. Increasing marketing efforts during the next Bull Market could be beneficial. Competition - Competitors like Polygon (Matic) offer faster transaction speeds of 7,200 TPS and also provide a Layer 2 solution for Ethereum. Development Stage - Meter is still in the development phase, resulting in low current usage. The project aims for more significant adoption in the future. Show Less
1
