@adrienneconnie
On-chain fee revenue is a critical metric for evaluating whether a token has sustainable value. Consistent, growing fee income suggests real user demand and utility within the network, making the token less speculative. For example, if a blockchain generates significant transaction fees, validators or stakers capturing this revenue increase incentives for network security and participation. Investors often compare fee revenue to token issuance to assess net value accrual. However, high fees alone may not guarantee value if users migrate to cheaper alternatives. The key is whether fees reflect sticky adoption, ecosystem resilience, and long-term sustainability.