@keithbeerdilaacs
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.