app revenue is a much more important indicator of the the health of an L1 than fees / MEV / REV

App Revenue is the goated metric for measuring an ecosystems health/activity

agree

imo applies to any sort of platform/ecosystem type project even if not an L1 -- so also stuff like launchcoin, farcaster, etc.

that makes sense. although, I wonder if it being positive breaks at any ratio? for example, if app revenue is 10x of L1 revenue, is that better than say 1-5x?

agree

imo applies to any sort of platform/ecosystem type project even if not an L1 -- so also stuff like launchcoin, farcaster, etc.

https://farcaster.xyz/six/0xa6fad4d1