POPA ReconChains Earning Less Than $250/Day
Chains Earning Less Than $250/Day These ten chains raised a combined $1.72B from investors. Together they now earn about $720 a day in fees - roughly what one mid-size Uniswap LP position generates while its owner sleeps. Flow is the poster child: $746M raised, $3.40 a day in fees. At that run rate, paying back the raise takes about 600,000 years - Flow's revenue model outlasts the human species. The list splits into three eras of the same mistake. ICO-age money (Tezos, $242M in 2017) that outlived its narrative; L2-boom money (Scroll, Taiko, Manta, Eclipse) that shipped infrastructure nobod…
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