Protocol Fees vs Revenue: How to Tell Whether a DeFi Token Actually Captures Value
DeFi protocol fees are not tokenholder income by default. Trace fee flows, revenue retention and enforceable accrual mechanisms before valuing a token.
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Stories by Elliot Mercer
Elliot Mercer covers digital asset markets, Bitcoin, and the macroeconomic forces influencing investor sentiment. His reporting focuses on price action, institutional activity, liquidity, and the wider financial trends shaping the direction of crypto markets.
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