Proof of Usefulness Report

Obyte

Analysis completed on 1/26/2026

+213
Proof of Usefulness Score
Gaining Momentum

Obyte is a technically legitimate, established crypto project (formerly Byteball, launched 2016) with innovative DAG architecture. However, the submission contains severe exaggerations (claiming 'most people have used my product') and data entry errors (listing market cap in the revenue field). Despite the solid technical foundation, real-world adoption is currently very low (zombie chain status with <$5k daily volume), and market relevance has faded significantly since 2017. The project scores well on innovation but poorly on traction and response quality due to the misleading claims.

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Score Breakdown

Real World Utility+50.0
Audience Reach Impact+10.0
Technical Innovation+120.0
Evidence Of Traction+12.5
Market Timing Relevance+30.0
Functional Completeness+5.0
Subtotal+227.5
Usefulness Multiplierx0.94
Final Score+213

Project Details

Project URL
obyte.org
Description
Obyte is a company that focuses on providing a decentralized platform for secure and tamper-proof data storage and transfer. Utilizing distributed ledger technology, Obyte offers a unique approach to data management by eliminating the need for intermediaries and ensuring data integrity through its innovative use of directed acyclic graph (DAG) architecture. This allows for fast, scalable, and cost-effective transactions, making it suitable for a wide range of applications, from financial services to supply chain management. Obyte's platform is designed to empower developers and businesses to build decentralized applications (dApps) that leverage the benefits of blockchain technology without the limitations of traditional blockchains.

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