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These are awesome! As always, they absolutely shouldn't include "supply side" revenue. If CEXes tried to claim that to investors, they'd get laughed out of the room, or sued. But when DEXes do that, everyone humors them because it's too sad to realize it's actually 0 for most.

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Larry Cermak

@lawmaster

Feb 24, 2021

8/ A powerful feature of this chart is that you can only filter by the protocol revenue here. SushiSwap leads the way here with $92M, followed by Curve ($60M), Maker ($50M) and Compound ($45M). This revenue usually goes to the token holders.

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3:51 PM · Feb 24, 2021Twitter Web App

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I wish I understood what this means

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What would cex's supply side revenue be?

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Third party market makers

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popthetop

@cryptorewind

Feb 24, 2021

aren't the majority of volume subsidized by some form of incentives and ponzinomics? I believe, only

@MakerDAO

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@Uniswap

have been able to lock liquidity without added incentives Correct me if I am wrong

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Can you help with the $rook price? And to be clear, help it go up...

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Incorrect. It’s not about “claiming”, it’s about metrics. Revenue is revenue. How it is distributed is cash flow / profit. Equities are valued on price / sales too even though 90% of that revenue may never make it to shareholders. Separating is great, but it’s not irrelevant