Networks Plummet Alongside price, usage of the top two blockchains also took a big hit as evidenced by miner...revenue data....The percentage of miner revenue contributed via transaction fees for Bitcoin and Ethereum have fallen...

And this has resulted in over $200M in revenue over the last 11 months....If you don’t think $200M in revenue over 11 months is a remarkable feat — which you should — compare...Metamask’s revenue to that of two of the top DEXes on Ethereum: Sushiswap and Curve....Metamask has no token incentives or emissions, so there’s virtually no cost to their revenue.

Price 3) MakerDAO Revenue & Surplus Buffer Key Takeaways In spite of a broad bullish trend, gas...Key Takeaways MakerDAO’s revenue growth continues to soar as DAI supply nears the $4 billion threshold...

Miners Stop Accumulating Miner net position gives the change of supply held in miner addresses....The green bars on the chart display periods where miners have been accumulating....Over the past 2 months, miners have been continuously accumulating BTC, even as prices fell from 55k...

📊 Nike’s NFTs Launched Last Week Earn More Than All NFT Revenue of Other Big Brands Minting for...With this single collection, Nike/RTFKT raised over $10 million in 7 days, nearly earning as much revenue...

Miners Back to HODL Recently, miners have started to HODL their BTC mining rewards....Years ago, this was a bullish sign because miners held higher market-moving abilities....After 3 miner reward halvings, this net position represents a much smaller percentage of the total circulating...

Miners turned into net sellers after weeks of accumulation (most likely attributable to Chinese miners...Miners Net Position Flipped Negative Complementary to the hashrate exodus, miners as a whole are now...We see this translating into miners selling off inventory....As of today miners have made $100m from Flashbots ?

...dApp Revenue Over the Last Month Once again, Axie takes the cake as the top revenue-generating dApp,...Revenue on Maker has fallen month-on-month, but it continues to shine as the top revenue-generating DeFi...PancakeSwap, Metamask, and Sushiswap comprise the remaining of the top 5, and all earn their revenue...

As part of the partnership agreement, Socios takes a 50% cut on all revenue generated via fan token sales...This is a relatively impressive level of revenue considering how nascent the sector is but, if fan tokens...If prospective sports teams see Socios as a useful tool for generating more revenue and engagement, in...

XRP, DOGE, ADA, SHIB… they hold ~zero meaningful revenue, yet sitting on billions in FDV....MakerDAO pulls in ~$100M+ in organic annual revenue and struggles to stay in the top 100....High-growth SaaS stocks might stretch to 20-30x revenue, but they all stay in range....Assets with real revenue are the exception; but that doesn’t mean they’re rewarded for it.

More specifically: CoreWeave’s debt ($8B as of FY24A) reflects the high degree of revenue visibility...inherent to its business model. 96% (FY24A) of CoreWeave’s revenue is derived via long-term (4-year...AWS is now generating $117B+ of annualized revenue, with 39% operating margins, growing 17% YoY!

Regarding miner performance and longevity, it is most important to look at their revenue....Bitcoin miner revenue consists of two separate streams – the block reward and fees....The majority of BTC miner revenue has always come from Bitcoin block rewards....In a very real way, the Halving will cut miner revenue in half.

Hyperliquid continues to impress, both from a fundamental revenue-generating perspective and strong outperformance...Miner revenue improved in May, but the recovery remains mostly price-driven....Despite the price rally, miners are not earning more Bitcoin just more fiat....With price doing the heavy lifting, miner profitability looks healthy for now.

, declining BTC prices, and low fee revenue....Bitcoin Fee Revenue Isn’t Pretty Gross miner revenue has stayed stable throughout 2022, oscillating between...Most BTC miners earn the majority of their revenue (~97%) from inflationary BTC rewards.

Chart of The Day: Pain for Minters and Gains for Miners Yuga Lab’s Otherdeed for Otherside had its...Chart of The Day: Pain for Minters and Gains for Miners Yuga Lab’s Otherdeed for Otherside had its mint...

Elizabeth Warren and Roger Marshall introduce a bill that will bring KYC rules to wallet providers and miners...BTC miners continue to foot electrical costs that exceed the revenue generated from mining operations...such as hardware, bandwidth, wages, rent, insurance, etc., the level of pressure continues to mount on miners...

The benefits of this model are that it creates a sticky player base and a relatively reliable revenue...These include ore drop rates, ore synthesis success rates, and miner durability levels....Additionally, repairing miners and boosting their efficiency with special items constitute key sinks...

When the chain is busy, numerous transactions enter the mempool and miners struggle to add them quickly...To encourage miners to prioritize their transactions, users can increase the transaction fee....On the other hand, inscriptions are an important source of revenue for struggling miners securing the...

...mainstream Bitcoin adoption, but a sizable increase in activity will also produce more fees for Bitcoin miners...In return, they see roughly a 500% uplift in average revenue per user (ARPU)....Bitcoin Miner Bitcoin Miner (BM) was one of the first games to experience a large uplift in metrics post-BTC...Bitcoin Miner was not alone.

Place greater emphasis on generating revenue externally....While a handful of subnet owners already operate like startup CEOs with actual customers and revenue...Miners & Validators The impact on miners and validators is nuanced – their Alpha rewards (Alpha_out...miners, validators, and stakers.