Well, the idea is not new for 2023 as we have LayerZero messaging and the Stargate bridge, covering all networks for users. Emmet Finance claims that their competitive advantage is the ability to cover non-EVM blockchains. I am really curious to see how they will achieve this. Their competitive landscape, as presented in the pitch deck, looks amusing, especially with their estimation of daily volumes at $50 million. LOL, Stargate achieves only half of that, but it is quite popular, especially among retro-droppers. I don't understand the assumptions behind such an estimation. Additionally, I am interested in learning more about their decentralized validators, as they claim. Even LayerZero has centralized validators, which is why they entered into a partnership with Google Cloud to enhance decentralization. I suspect that Emmet's validators might not be as decentralized.
In conclusion, it's an interesting project to track. They have potential Show Less