# Пов'язані статті щодо Crypto Revenue

Центр новин HTX надає останні статті та поглиблений аналіз на тему "Crypto Revenue", що охоплює ринкові тренди, оновлення проєктів, технологічні розробки та регуляторну політику в криптоіндустрії.

Profit Soaring, Sentiment at Rock Bottom: The True Face of Crypto Amid $6 Billion Unlock

The crypto industry faces a paradox: record-high profitability amid extreme fear and negative sentiment. While protocols generated $74.8 billion in fees since 2018—nearly half in the last 18 months—many projects have shut down, and layoffs are widespread. Key shifts in revenue structure reveal that stablecoin issuers like Tether and Circle now dominate, capturing 34.3% of all fees due to high demand for dollar-backed assets and near-zero marginal costs. Meanwhile, trading-focused applications (e.g., Telegram bots and perpetual exchanges) have surged, accounting for over 15% of revenue by catering to speculative demand. In contrast, layer-1 and layer-2 blockchains and DeFi protocols have seen valuations collapse, with price-to-fee ratios dropping sharply. The median monthly revenue for protocols has fallen to $13,000, indicating intense competition. The industry’s moats include first-mover advantage (e.g., Tether), liquidity depth (e.g., Aave), and distribution prowess (e.g., meme platforms). Token valuations are now more rational—often below traditional finance multiples—but must evolve to offer real economic rights and governance utility. Crypto’s future lies in integrating with the broader internet infrastructure, focusing on high-frequency trading fees and verifiable transparency.

marsbit03/06 09:42

Profit Soaring, Sentiment at Rock Bottom: The True Face of Crypto Amid $6 Billion Unlock

marsbit03/06 09:42

The Truth About the Crypto Money Printer: Want to Make Money in 2026? Keep an Eye on These Three Directions

The article "Crypto’s Revenue Recipe" analyzes the revenue generation landscape in the crypto industry, highlighting key trends and drivers based on data from 2025. Total crypto protocol revenue doubled to over $16 billion in 2025, with stablecoin issuers like Tether and Circle dominating, accounting for 60% of total revenue. However, perpetual DEXs (e.g., Hyperliquid, EdgeX) emerged significantly, contributing 7-8% of industry revenue. Three core drivers are identified for 2026: 1. **Carry**: Revenue from holding and transferring assets (e.g., stablecoin interest earnings), though vulnerable to Fed rate cuts. 2. **Execution**: Perpetual DEXs gain traction by enabling low-friction, high-frequency trading and liquidity provision, challenging stablecoin dominance. 3. **Distribution**: Token launch platforms (e.g., pump.fun) leverage frictionless asset creation and distribution to capture incremental revenue. The article emphasizes the shift towards value transfer to token holders, with 19% of protocol revenue distributed via staking, dividends, buybacks, or burns in 2025—a sign of growing "economic ownership" rather than mere governance. Projects like Hyperliquid and pump.fun are cited for prioritizing holder rewards. In 2026, value distribution is expected to become standard for protocols aiming for fundamental-based token valuation.

比推01/13 18:54

The Truth About the Crypto Money Printer: Want to Make Money in 2026? Keep an Eye on These Three Directions

比推01/13 18:54

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