⚓️ Ethra Ship Notes｜Vol.007 Today I’ll write one. When I previously researched a project, the first thing I would look at was TVL. Later, I started looking at its partners. Now, I prefer to first see which industry it serves. Because the industry determines the growth potential— the shipping market has existed for hundreds of years. It doesn’t need to prove demand. There is real trade happening every day; There is real cargo movement every day.