Web3
Protocol Revenue Is Not Tokenholder Cash Flow
Crypto Daily·August 10, 2026·1 min read
1kx reports on-chain fees near $20B in 2025, yet only about 20 of 1,244 protocols passed $10M+ to holders. The report explains why protocol revenue rarely reaches tokenholders, highlighting the disconnect between fees generated and actual cash flow distributed to token holders in the crypto ecosystem.
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