Empire cover image

Empire

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

Jan 17, 2025
Dan Smith, Head of Data at Blockworks and former co-host of Lightspeed, dives into the flaws of traditional crypto metrics. He explains why revenue (REV) is a crucial indicator, outperforming metrics like active addresses. The discussion highlights Solana's rise over Ethereum through revenue analysis and Base's position in the Layer 2 landscape. Additionally, they unpack recent crypto payment acquisitions and the implications of Trump's proposed U.S. token reserve, emphasizing the importance of accurate blockchain revenue reporting.
01:01:19

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The podcast discusses how traditional crypto metrics, like active addresses, can mislead about genuine user engagement and network activity.
  • Recent significant acquisitions in the crypto payment sector indicate a trend towards consolidation, showcasing efforts to integrate cryptocurrency with traditional finance.

Deep dives

Understanding Blockchain Revenue

Revenue in the blockchain ecosystem is a complex topic, as it is unclear who specifically generates it. Key stakeholders such as validators, stakers, and infrastructure providers all play different roles, leading to ambiguity about revenue attribution. Unlike traditional businesses, blockchains operate as networks and do not conform to standard revenue models. Therefore, a discussion about blockchain revenue must consider the various participants instead of just focusing on transaction fees or other narrow metrics.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode