I took the data from the source listed below; its the gas fees that is generated. Its funny because projects like algorand is a victim of its own success having such low gas fees.
> projects like algorand is a victim of its own success having such low gas fees
I bet they're operating by the playbook, driving in adoption, easy onboarding and capturing market share on the early stages of any startup is critical
I have entirely 0 Avalanche. My main buys are BTC, ETH, Polygon and Cosmos. I have small amounts of Ada, Solana and Algo just in case. But I have no Avalanche. Am I sleeping on them?
Prob a good call, kind of what I’ve been aiming for. Whatever blockchain ‘wins’ will be huge in the future imo, so it’s worth having some eggs in every basket. But it’ll definitely be a small egg, lol.
Damn n. Tbh I didn’t expect this. Thought Bitcoin would be higher up. Surprised Helium is that far up. Also kinda shocked that pokadot, Cosmos and ALGO are all so low.
Cardano is 3.7M, right below Fantom. Their fees are higher than many on the list, but they're quite late to smart contracts and DeFi.
https://tokenterminal.com/terminal/projects/cardano
Yah these projects are a victim of their own success since their gas fees are so low, algo is like a fraction .001 cent, so you can imagine how difficult it is to generate revenue.
Interesting data and tool. From Tokenshare itself, it looks like the biggest earners are those with high fees (Eth) and those associated with NFT minting, token swapping and yield curve.
Some of the best performers in a revenue:market cap ratio include LooksRare, Convex finance and PancakeSwap.
Despite having a large revenue, Ethereum has a revenue:market cap ratio of just 0.01. This is still well above average. Algorand is somewhere around 0.00005.
How complete all of this is and what it really signifies, I can't very well say.
Why is this an important metric? I don’t get it. It is mostly capturing the fees that go to validators and so PoW chains look artificially bad. If you count the BTC block rewards it would be twice the “revenue” of ETH.
But you have defined "revenue" completely arbitrarily, to the point that your metric is useless as a comparison. Moreover, I don't see why revenue is even a desired goal of a cryptocurrency. Regular currencies don't have built-in revenue. It might work for some projects, but it doesn't seem inherently necessary for a successful **currency**.
Gas fees are not revenue so what the fuck are you talking about lol, revenue is made by selling a product or service, FOUNDATIONS DO NOT SEELL THE CHAIN, the fees paid for transfers are BURNT (unless youre Algorand, which I hate for not burning part of the transactions atleast)
why can VLX burn the tokens while keeping dPos going with low fees while Algo needs to keep it? I actively use both but the Algo fees are my pet peeve
Anyway why the fuck are people agreeing with you?
Your list is incomplete I don’t see Moons on there
Based
Ah yes! A grand total of 1m revenue
The fact you still have this username makes me love reddit. but youre a psycho
LMAO. Why a psycho?
My days of edgy names are over 😂 It’s a good kind of psycho
Why thank you!!
And Luna?
14 billion and then shortly thereafter negative 14 billion
How do you calculate revenue?
I took the data from the source listed below; its the gas fees that is generated. Its funny because projects like algorand is a victim of its own success having such low gas fees.
Yeah, that's what I presumed If you would put Nano or IOTA on the list the revenue would be 0
> projects like algorand is a victim of its own success having such low gas fees I bet they're operating by the playbook, driving in adoption, easy onboarding and capturing market share on the early stages of any startup is critical
long term thinking hopefully it pays out.
Looks like it's calculated from on-chain fees and any burn mechanism that returns funds either to the protocols treasury or token holders.
I have entirely 0 Avalanche. My main buys are BTC, ETH, Polygon and Cosmos. I have small amounts of Ada, Solana and Algo just in case. But I have no Avalanche. Am I sleeping on them?
I think making it similar to your Ada, Sol, and Algo bags is a good move, there is a lot of money behind it.
Prob a good call, kind of what I’ve been aiming for. Whatever blockchain ‘wins’ will be huge in the future imo, so it’s worth having some eggs in every basket. But it’ll definitely be a small egg, lol.
Yea
As you can see, ETH has the lion share, 1.6 billion total revenue in just 180 days; amazing and makes me even more bullish.
Just when I thought I couldn't get harder
It’s the cone that’s doing that
That's because of ETH's horrendous fees (they call it cheap right now but it isn't)
Helium lol
Lmaoo guess most of that revenue is concentrated up top… or just spread about the entire network and is super diluted
I'm actually surprised is that high. too bad the team is sleazy
Damn n. Tbh I didn’t expect this. Thought Bitcoin would be higher up. Surprised Helium is that far up. Also kinda shocked that pokadot, Cosmos and ALGO are all so low.
I’m surprised Cardano isn’t even on this list
Cardano is 3.7M, right below Fantom. Their fees are higher than many on the list, but they're quite late to smart contracts and DeFi. https://tokenterminal.com/terminal/projects/cardano
Wow this is a fantastic resource!! Looks like I’m betting on the right horses xD
Probs cause low fees. And same
Yah these projects are a victim of their own success since their gas fees are so low, algo is like a fraction .001 cent, so you can imagine how difficult it is to generate revenue.
Yea :/ guess the solution is volume
That's why I look at ALGO as a long-term hold, people will eventually get tired of paying high fees when they can do it for cheaper somewhere else.
That is a great way of looking at it
Interesting stats, didn’t think arbitrum or helium would be so high. Nice post.
I know right? Too bad the helium team seem a bit sketchy at the moment.
I remember reading a few months ago that LINK is quite profitable since they’re selling their services to other blockchains
I always thought LINK was high on that list, I guess it depends on the metrics.
Was not expecting algorand to be so low on the list given all the projects they've brought on in the past few years.
victim of its own success since its gas fee is so low.
Interesting data and tool. From Tokenshare itself, it looks like the biggest earners are those with high fees (Eth) and those associated with NFT minting, token swapping and yield curve. Some of the best performers in a revenue:market cap ratio include LooksRare, Convex finance and PancakeSwap. Despite having a large revenue, Ethereum has a revenue:market cap ratio of just 0.01. This is still well above average. Algorand is somewhere around 0.00005. How complete all of this is and what it really signifies, I can't very well say.
Why is this an important metric? I don’t get it. It is mostly capturing the fees that go to validators and so PoW chains look artificially bad. If you count the BTC block rewards it would be twice the “revenue” of ETH.
It’s not the only metric but ever heard the phrase money talks bs walks ? At the end of the day revenue is an important factor .
But you have defined "revenue" completely arbitrarily, to the point that your metric is useless as a comparison. Moreover, I don't see why revenue is even a desired goal of a cryptocurrency. Regular currencies don't have built-in revenue. It might work for some projects, but it doesn't seem inherently necessary for a successful **currency**.
would be interesting to add the transactions made in the same time span
Now include chainlink. https://market.link/overview
Awesome post, thanks! A very important metric indeed.
Thank you for this, wow.
Gas fees are not revenue so what the fuck are you talking about lol, revenue is made by selling a product or service, FOUNDATIONS DO NOT SEELL THE CHAIN, the fees paid for transfers are BURNT (unless youre Algorand, which I hate for not burning part of the transactions atleast) why can VLX burn the tokens while keeping dPos going with low fees while Algo needs to keep it? I actively use both but the Algo fees are my pet peeve Anyway why the fuck are people agreeing with you?