Proof of Usefulness Report

DeGate

Analysis completed on 2/4/2026

+118

Proof of Usefulness Score

Gaining Momentum

The submission confuses two distinct entities: the project name 'ThunderForge' (a DoD/Scale AI initiative) and the description/URL for 'DeGate' (a ZK-Rollup DEX). Evaluating the actual project found at degate.com, DeGate is a functional Ethereum Layer 2 DEX with a live token (DG) and a market cap of ~$19M. However, trading volume is critically low (<$1,000/day for the token), indicating 'zombie' chain activity despite the valuation. The submission claims 'most people have used my product' are demonstrably false and the 'ThunderForge' label suggests a careless or automated entry. The score reflects a functioning technical product with verified but stagnant market presence, heavily penalized for a low-quality, incoherent submission.

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Score Breakdown

Real World Utility+70.0

Audience Reach Impact+30.0

Technical Innovation+75.0

Evidence Of Traction+20.0

Market Timing Relevance+50.0

Functional Completeness+5.0

Subtotal+110.25

Usefulness Multiplierx1.07

Final Score+118

Project Details

Project URL

degate.com

Description

DeGate is a decentralized exchange (DEX) protocol that operates on the Ethereum blockchain, focusing on providing a secure and efficient platform for trading digital assets. The company aims to offer users a seamless trading experience with features such as low fees, high liquidity, and robust security measures. DeGate leverages layer 2 scaling solutions to enhance transaction speed and reduce costs, making it an attractive option for traders looking to engage in decentralized finance (DeFi) activities. The platform is designed to be user-friendly, catering to both novice and experienced traders, and emphasizes transparency and community governance in its operations.

Algorithm Insights

Market Position

Growing utility with room for optimization

User Engagement

Documented reach suggests active user community

Technical Stack

Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline