Proof of Usefulness Report

Secret Key Labs

Analysis completed on 1/29/2026

+358
Proof of Usefulness Score
Certified Problem Solver

Secret Key Labs is the developer of Xverse, a premier wallet for the Stacks and Bitcoin ecosystems with over 1.7M verified users and $9M in seed funding. While the project demonstrates exceptional real-world utility and market leadership in the Bitcoin DeFi/Ordinals niche, the submission itself was of extremely low quality, containing hyperbolic claims ('most people have used my product') and missing data. The score reflects the project's high verified value (comparable to the calibration benchmark) but is significantly penalized for the lack of provided evidence.

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Score Breakdown

Real World Utility+112.5
Audience Reach Impact+85.0
Technical Innovation+63.75
Evidence Of Traction+56.25
Market Timing Relevance+47.5
Functional Completeness+1.25
Subtotal+366.25
Usefulness Multiplierx0.98
Final Score+358

Project Details

Project URL
secretkeylabs.com
Description
Secret Key Labs is a software R\u0026D lab that specializes in mobile applications and open source tools for the Stacks Blockchain, an open-source blockchain network that leverages the security and capital of Bitcoin for decentralized apps and smart contracts. We are building Xverse mobile wallet for Stacks, which lets users manage their STX, BTC and other token holdings. It also allows users to participate in Stacking and other DeFi applications built on the Stacks blockchain.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
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