Get the latest tech news

A large number of protocols on Ethereum and Solana blockchains have no revenue

A large number of protocols on the two chains haven't captured any value lately, in what looks like on-chain version of disguised unemployment.

Of these, only a minority are generating revenue, while the rest produce no yield, loosely representing ghost digital cities and a form of disguised unemployment. In other words, a large number of protocols on the two chains haven't captured any value lately, much like the workforce that draws a salary but does not contribute to the output, or ghost towns that are not being utilized to generate a meaningful economic return. While the effect of a single inactive contract is minimal, a "ghost town" of thousands of them adds up over time, increasing the network's long-term operational costs.

Get the Android app