Proof of Usefulness Report

WazirX

Analysis completed on 2/1/2026

+533
Proof of Usefulness Score
Industry Mainstay

WazirX is a major, established cryptocurrency exchange with significant historical traction and a massive user base (10M+). However, the project submission quality is extremely poor, featuring vague claims ('most people', 'everyone') and missing data. Furthermore, the platform faces severe current headwinds regarding security (July 2024 hack) and regulatory challenges, which significantly dampen the market timing and utility scores despite its scale.

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Score Breakdown

Real World Utility+160.0
Audience Reach Impact+120.0
Technical Innovation+112.5
Evidence Of Traction+118.75
Market Timing Relevance+30.0
Functional Completeness+2.5
Subtotal+543.75
Usefulness Multiplierx0.98
Final Score+533

Project Details

Project URL
wazirx.com
Description
WazirX is a cryptocurrency exchange platform based in India, accessible through its domain wazirx.com. It provides a secure and user-friendly interface for buying, selling, and trading a wide range of cryptocurrencies. WazirX offers features such as spot trading, futures trading, and a peer-to-peer (P2P) platform, allowing users to trade digital assets with ease. The company is known for its robust security measures, competitive fees, and a strong focus on customer support. WazirX also provides educational resources to help users understand the cryptocurrency market better.

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