Why is the crypto industry today different from what it used to be in 2017

Data-driven to explore why today’s encryption industry is very different from 2017.

Many agreements have evolved from start-ups in the R&D stage to companies that generate cash flow.

1. This is not a phenomenon of 1 or 2 individual agreements, but revenue generated by multiple agreement projects. The definition of agreement income is: the share of expenses/income that enters the agreement treasury through a destruction mechanism (similar to a stock repurchase) or is directly distributed to its token holders.

MzvV3L9c2BkyjHx8vqLA9PFOR2OSszwnEu1amAG4.jpeg

2 examples: Aave, Aave is an established Ethernet Square loan agreement on.

Aave generates total revenue of $1.6 million per day. Among them, 170,000 U.S. dollars was used for the agreement vault managed by AAVE token holders.

yPufdcY5IG232U61YUOuAPVKlbMl78dkNsovOY8o.jpeg

3. Example: compoundfinance, Compound is a lending agreement built on Ethereum.

Compound generates a total income of 1.2 million US dollars per day. Among them, $122,000 is used for the agreement vault managed by the COMP token holders.

tm05NH8v9eVpMUASxqdBWDfSNhRVe0CWfRnPL3hC.jpeg

4. Example: Lido Finance, Lido Finance is a mortgage derivatives agreement built on Ethereum.

Lido’s total daily pledge reward income is $732,000. Of this amount, $73,000 was used for the agreement vault managed by LDO token holders.

KkTiJlCBEUqni0CUto8M3aYsRuwqD3kyr1vcX4g8.jpeg

5. Example: iearnfinance, Yearn is an asset management protocol built on Ethereum. Yearn generates a total income of 720,000 USD per day. Among them, $236,000 was used for the agreement vault managed by YFI token holders.

bCqbap1jkdMOfLlgBFN7M4KzKGEOreUgpkMFCKVs.jpeg

6. Example: SushiSwap, which is a DEX protocol built on Ethereum.

SushiSwap generates a total transaction fee income of $1.6 million per day. Of this amount, $274,000 was used for the agreement vault managed by SUSHI token holders.

A3FZUMDV1zZE3WQ1xaSmNOzqwNG2oq4kS0DD6hYR.jpeg

7. Example: Uniswap , which is a DEX protocol built on Ethereum .

Uniswap generates a total transaction fee income of US$5.2 million per day. Among them, $0 is used for the agreement vault managed by UNI holders.

i72Tshxt0XXGz2VMKZqpumNVzNCiIwG1OSsrrDXF.jpeg

 

8. Example: traderjoe, a DEX built on avalancheavax.

Trader Joe generates a total transaction fee income of $440,000 per day. Of this amount, $73,000 was used for the agreement vault managed by JOE token holders.

sko8KDPnz7lmhCDGUAdBePAncQvBT2Cer6Drp4jK.jpeg

9. Example: BenqiFinance, it is a loan agreement established on avalancheavax.

BENQI generates total revenue of US$279,000 per day. Among them, $55,000 is used for the protocol library managed by QI token holders.

aA3BDwRNMUKvPGkdxdEYPsn8QdLSAyMQ1dESkb0q.jpeg

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/why-is-the-crypto-industry-today-different-from-what-it-used-to-be-in-2017-2/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Leave a Reply