Everyone's pushing the "revenue meta" like it's revolutionary. We've had fee-sharing protocols for years. And not just L1s, just on top of my head: Maker, dYdX, 1inch, Aave, Balancer etc. Revenue focus is directionally correct, protocols should eventually capture value they create. But it's not a silver bullet, and treating it like one misses the real challenge. The hard part isn't implementing fee distribution. The hard part is building something people actually want to pay for. Most protocols suffer from the information asymmetry problem: seed to TGE in under a year, promises that can't be validated until much later, teams that get liquid before proving product-market fit. Focusing on revenue metrics won't solve this if the underlying coordination problems remain unsolved. You can run a massive liquidity mining campaign, generate artificial volume, show impressive revenue numbers, then disappear once incentives run out. The protocols that have successfully implemented...
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