How Does a Protocol’s Interoperability Affect Its Potential TAM?

A protocol's interoperability, or its ability to seamlessly communicate and transact with other blockchains and dApps, significantly expands its potential TAM. By integrating with other ecosystems, the protocol can access a larger pool of users, assets, and liquidity.

A non-interoperable, siloed protocol is limited to its own ecosystem, which severely constrains its TAM and long-term growth potential.