Is crypto dead?

1. Fees

2. Revenue

3. Token incentives

4. Earnings

5. Price to fees (P/F) ratio

6. Price to sales (P/S) ratio

7. Daily active users

8. Active developers

Full article on tokenterminal.com

This metric tells us how much end users are willing to pay for the service that a protocol provides.

Examples:

To date, the crypto market has generated ~$33B in aggregate fees.

This metric tells us how much the protocol captures of the fees paid by end users, which means that it’s always some % of the fees.

To date, the crypto market has generated ~$15B in aggregate revenue.

This metric tells how much the protocol spends on user acquisition by issuing & distributing its governance tokens to users.

It's worthwhile to analyze this metric as a % of revenue, to get a sense of the economic sustainability of a protocol.

Read the full article on tokenterminal.com for further analysis on:

• Token incentives

• Earnings

• Price to fees (P/F) ratio

• Price to sales (P/S) ratio

• Daily active users

• Active developers

Read the full article

This article is meant for informational purposes only. It is not meant to serve as investment advice. Please consult with your investment, tax, or legal advisor before making any investment decisions.