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What's Wrong with Crypto Data (And How To Fix It) | Roundup

Empire

CHAPTER

Understanding Blockchain Revenue Metrics

This chapter analyzes the complexities of the revenue (REV) metric across various blockchain layers, including L1s and L2s, and its implications for transaction fees and user engagement. It compares Solana and Ethereum's performance, highlighting the impact of transaction costs and the growing dominance of Base as a layer-2 solution. The discussion also critiques common metrics like active addresses, emphasizing the need for more accurate indicators of real user activity in the crypto ecosystem.

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