https://newsletter.banklesshq.com/p/the-first-profitable-blockchain
Zerion is Mission Control for Web3. Trade tokens, transfer across chains, and display NFTs.
Dear Bankless Nation,
Profit = Total Revenue - Total Expenses
Some people think this formula doesn’t apply to blockchains. “Blockchains aren’t businesses—they don’t have profit margins”
I think that’s wrong.
The profit formula applies to blockchains just as it applies to households, Fortune 500 companies, non-profits, and nation-states.
To be sustainable over the long run a network has to sell more than it consumes.
But what does a blockchain sell?
Blockchain sell blocks! That’s the revenue.
And what are a blockchain’s expenses? Security! Both issuance and transaction fees.
RYAN SΞAN ADAMS - rsa.eth 🦇🔊 @RyanSAdams1/ Why I'm bullish on blockspace. People forget what blockchains sell. Apple sells iPhones. Facebook sells eyeballs. Blockchains sell blocks. A thread:
But here’s the dirty little secret: blockchains are hemorrhaging money. None are profitable. None are sustainable at current security levels.
But for the first time in crypto history, one chain is about to become profitable. Not profitable by a little. Profitable by a lot.
So which chain is about to become the first profitable blockchain and how?
Lucas digs into the data to show us.
Bankless Writer: Lucas Campbell, Editor for Bankless & Co-Founder for Bankless DAO