Request Network is a decentralized payment protocol built on Ethereum that enables the creation, storage, and management of payment requests and invoices on-chain. The project targets a genuine pain point in crypto — streamlining invoicing, accounting, and payment workflows for DAOs, freelancers, and businesses operating in Web3.

Strengths include a clear real-world use case, with adoption among DAOs and crypto-native organizations for payroll and expense management. The protocol's open-source infrastructure and multi-chain compatibility add flexibility. Request has carved a niche in crypto invoicing that few competitors directly address, giving it a defensible market position.

However, concerns persist around REQ token utility, which remains somewhat limited relative to the protocol's functionality. Market adoption outside crypto-native organizations has been slow, and the project faces competition from traditional fintech solutions. The token has experienced significant price depreciation from all-time highs, reflecting broader market skepticism about sustained demand drivers.

Request Network delivers solid infrastructure for on-chain payment management but needs broader enterprise adoption and clearer token value accrual to justify long-term investment conviction.