Ethereum fee revenue has collapsed over the past 36 months, value is definitively moving up the stack, meaning ETH’s share of the revenue pie continues to compress This is all within a broader megatrend of blockchains selling an increasingly commoditized service (blockspace), resulting in margin co
Ethereum's fee revenue has declined sharply over 36 months as value moves up the stack and blockspace becomes commoditized.
Ethereum fee revenue has collapsed over the past 36 months, value is definitively moving up the stack, meaning ETH’s share of the revenue pie continues to compress This is all within a broader megatrend of blockchains selling an increasingly commoditized service (blockspace), resulting in margin co
Ethereum fee revenue has collapsed over the past 36 months, value is definitively moving up the stack, meaning ETH’s share of the revenue pie continues to compress This is all within a broader megatrend of blockchains selling an increasingly commoditized service (blockspace), resulting in margin co
Ethereum fee revenue has collapsed over the past 36 months, value is definitively moving up the stack, meaning ETH’s share of the revenue pie continues to compress This is all within a broader megatrend of blockchains selling an increasingly commoditized service (blockspace), resulting in margin co
Agreed. The most under-appreciated thing about Ethereum surge/congestion pricing (currently not active) is that just when TradFi REALLY needs to trade tokenised RWAs on L2s in size, ETH fees suddenly go up...a lot. And ETH goes deflationary/SOV. L2 'governance' tokens will get squeezed badly at pea