Ethereum’s ecosystem fragmentation could also play a role in diminishing its leadership. While Ethereum still holds the largest share of DeFi applications, networks like Binance Smart Chain (BSC) and Terra have emerged with significantly lower fees and faster block times, making them attractive alternatives for users. As more projects develop on these chains, Ethereum’s market share in DeFi could shrink unless it continues to innovate and solve its scalability issues.
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DOGE’s simplicity and humor make it culturally accessible. Many first‑time crypto users buy DOGE because it feels friendly and non‑intimidating. This onboarding effect expands the holder base and reinforces community strength. The coin becomes a cultural identity rather than a financial instrument. Market volatility arises because new entrants often buy emotionally, not strategically. Investors who understand this demographic dynamic can better predict inflows during hype cycles.
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Revenue generation from fees highlights sustainability. Analyze protocol earnings vs. token emissions. On-chain, sum transaction fees collected. Dune allows querying fee events, calculating net revenue. Messari's on-chain reports integrate this data. High revenue-to-market-cap ratio suggests undervaluation. Track burn mechanisms like Ethereum's EIP-1559. Tools help forecast future value based on usage trends, distinguishing revenue-positive projects from speculative ones.
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