INAI

TrDig

[Sonic @SonicLabs]

Happy Bitcoin Pizza Day! 🍕

In celebration, we are giving away 10,000 $S to one lucky winner.

To enter, you must:
- RT this post
- Comment your favorite pizza order

Winner will be announced in 24 hours.

Goodluck!

[INAI @iHenInaia]

Hidden Gems
$Bankclac
$Gitlawb
$TIG

🚀
#CryptoCalls

[INAI @iHenInaia]

@Alana7Crypto What si the contract address?

[INAI @iHenInaia]

@ChiamakaAFC Morata

[INAI @iHenInaia]

@Issamsaed90 إلغاء المتابعة
تافه و أوفر و اخبار لا اساس

[INAI @iHenInaia]

@jujupunte Arsenal 1- Athletic 3

[INAI @iHenInaia]

@AbuZeenah_ Owen

[Crown 🏙 🥶 @_Crrown]

In crypto, fee revenue has become one of the most overused and misunderstood metrics. Platforms like DefiLlama make it easy to compare chains based on daily fees, and the conclusion often feels obvious: higher fees mean a stronger network.

But that assumption doesn’t hold up.

❌️ The Wrong Framework

The core issue is simple. People are treating blockchains like traditional companies.

In a normal business, revenue is:

🔹️centralized
🔹️captured
🔹️and realized in cash

Blockchains don’t work like that.

On networks like Ethereum, fees are distributed across validators, burned, or recycled within the system. There is no single entity collecting them as profit.

What looks like “revenue” is actually value in circulation, not income.

▫️Low Fees Are Not a Weakness

There is a common bias:

High fees = strong demand
Low fees = weak network

Modern blockchains challenge this idea.

High-throughput chains intentionally keep fees low to:

🔹️reduce friction
🔹️improve user experience
🔹️and enable scale

In that context, low fees are not a failure. They are a design choice.

▫️The Dollar Illusion

Fee metrics are often shown in USD, which makes them feel more tangible. But most of these fees:

🔹️are not sold
🔹️are not converted
🔹️and are not realized as profit

They are restaked, reused, or held.

So, the “revenue” is largely theoretical, not actual cash flow.

▫️Fees Don’t Equal Demand

In scalable systems, fees also lose their role as a demand signal.
When capacity is high and fees are fixed or minimal, transaction volume is driven by usage, not price.

Lowering fees doesn’t necessarily increase activity, and raising them doesn’t necessarily reduce it.
At that point, fees become a controlled variable, not a market signal.

▫️What Actually Matters 🧠

If fee revenue is not a sufficient metric, then what should we be paying attention to

A more meaningful evaluation focuses on:

🔸️whether users are actively transacting
🔸️whether developers are incentivized to build
🔸️whether the ecosystem is growing sustainably
🔸️and whether the system aligns with long-term value creation

These factors provide a deeper understanding of a network’s trajectory.

▫️The Shift Toward Real Value Capture

What becomes increasingly clear is that the industry is moving beyond fee-based models.

The next phase is not about maximizing transaction costs. It is about capturing value more effectively.

This is where concepts like vertical integration come into play. Instead of relying solely on gas fees, some networks are beginning to:

🔹️integrate financial primitives directly into the protocol
🔹️create mechanisms such as buybacks
🔹️and generate external demand for their tokens

This approach shifts the focus from internal fee recycling to genuine economic capture.

▫️Why This Perspective Matters

Misinterpreting fee revenue leads to distorted conclusions.

It can make expensive systems appear stronger than they are while undervaluing systems that prioritize usability and scale.

More importantly, it encourages the wrong incentives. If success is measured purely by fees, then networks are implicitly rewarded for being costly rather than efficient.

That is not a sustainable direction.

▫️Final Thought 💭

High fees are easy to interpret. They produce large, impressive numbers.

Low fees require context. They reflect design choices and long-term strategy.

But if the goal of blockchain technology is global adoption, then the question is not how much users are paying.

It is whether they can use the system at all.

In that context, fee revenue becomes far less important than most people assume.

$S

[INAI @iHenInaia]

@traderInosuke $Rally

[INAI @iHenInaia]

@ShaoBNB solana:GmGQaJ46EFdYYxrNPSAiEVoRdiejJR4hsVvtbUc8pump

[INAI @iHenInaia]

@WangMarkets $RALLY

[INAI @iHenInaia]

@Traderfinn0 $RALLY

[INAI @iHenInaia]

@soapweb3 $RALLY

[INAI @iHenInaia]

@WhaleEverything solana:GmGQaJ46EFdYYxrNPSAiEVoRdiejJR4hsVvtbUc8pump

[INAI @iHenInaia]

@WangMarkets solana:GmGQaJ46EFdYYxrNPSAiEVoRdiejJR4hsVvtbUc8pump

[INAI @iHenInaia]

@cryptoterry solana:GmGQaJ46EFdYYxrNPSAiEVoRdiejJR4hsVvtbUc8pump

[INAI @iHenInaia]

@Raydium solana:GmGQaJ46EFdYYxrNPSAiEVoRdiejJR4hsVvtbUc8pump DYOR

[INAI @iHenInaia]

@coingecko

[INAI @iHenInaia]

@Alpha_CryptoX ARB
INJ
SOL
S
SUI

[INAI @iHenInaia]

@soapweb3 $VINU screenshot this