Sustainability and revenue sharing in crypto

The article argues that revenue will be a defining feature of crypto tokens, and that projects need real cash flow to keep token holders engaged amid roughly 40 million competing tokens. It sorts crypto projects into lifecycle stages (Explorers, Climbers, Titans and hype-driven projects) and says each stage offers different room for sharing revenue with token holders through buybacks or dividends. Examples include Curve and Arbitrum One as Climbers and Ethereum, Tether and Circle as Titans. The article also notes that Token Terminal counts only 29 projects generating over $10M in revenue, and that premature revenue-sharing can increase volatility in speculative projects.