Many asked what is REV.
Real Economic Value (REV) = Transaction fee and tips that users are paying for.
Each has its own reason for adoption:
🥇 SOL = Meme and Launchpad
🥈 Tron = Stablecoin Txs
While this is not the best metrics to measure the value of a chain, it shows how effectively chains capture value from users.
ETH L2s generate lower REV due to cheaper fees and fewer trading tokens, but they served the purpose of fast transactions while inheriting EVM and ETH's security.
Centralised L1 like Tron high REV comes from higher fees and strong regional adoption, which is a deep rooted "culture" likely to continue without major market disruption.
SOL is in the best scenario, strong REV + strong app revenues by acting as the bridges between retails and blockchain, effectively filling the role L2s were meant to play.
With that being said, each chain has it owns purpose of adoption (E..g, ETH for secruity, BNB for exchanges alpha / listing play etc) so existing chains would enjoy the REV they are capturing now for that purpose.
But moving forward, I expect all the upcoming chains will try to maximize their REV from user adoption, since this is what makes the fundamental strong , attract bid and eventually gain adoption.
Anyway, here's the dashboard to REV by @blockworksres.
