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Market caps aren't everything, because, let's say I mint a new token and there's 10 trillion supply of this new token. If I sell 1 for $1, that implies a $10T market cap, doesn't it?
So Bitcoin SV is a fork of BTC (or BCH, can't remember), and what that means is a large part of the supply is untapped, because most BTCers (or BCHers) haven't even interacted with the chain. Their BTC (or BCH) balance is still there in the fork, based on whatever they held in their wallets prior to the fork. But maybe they don't even know the esoteric fork exists. So a large part of the supply is locked up due to ignorance alone, or due to relative lack of liquidity on exchanges.
At any rate, if you really want to know what people are using, when it comes to crypto, look at how much they're spending to use the chain or application: http://cryptofees.info/
Interesting angle -- but it's really not a defense of POW so much an argument for networks like Saito (https://saito.io) that replace mining with routing work and get cost-of-attack from the electricity spent running the servers / routing infrastructure.
It doesn't mention an PoS solution (which are, compared to PoW) extremely energy efficient. They do mention in the FAQ that they're not included since they still depend on some sort of centralization, but as far as I know this is not true for, for example, avalanche (https://avax.network)
It's not really clear who is behind this site and if there's some hidden agenda.
That's because it's difficult to compete with Bitcoin on proof-of-work. Instead, they have to cut corners and create unsecure PoS money from thin air.
There are new PoW cryptocurrencies such as Grin (https://grin.mw)