# The End of Protocol Businesses

Source: https://mirror.xyz/0x3C42c132b5a832fFF81939674f5c2b164F2E04A3/G-nc1U0EEiYnbD6mHS2GUaRbXQs2PSy895wG_uGJxX4
Kiwi News: https://news.kiwistand.com/stories/The-End-of-Protocol-Businesses?index=0x660ea2c288dbd997ffb2e0368c683c7fc0bb2312400c6c0c8f69399be020f67d9a4b6bae
Submitted by destiner.eth on 2024-04-04 UTC, 2 upvotes, 1 comment

## Comments

**macbudkowski.eth**: >>> "Celestia is perhaps the best example of this, commanding at $15B valuation while also generating less than $100k in annual protocol income. For sake of reference, that’s roughly the same as what Snapchat is valued at, a company that does over $1B in cash revenue per year and is used by hundreds of millions of people every day."

I got used to these crazy crypto valuations, but whenever I see a comparison like this, it makes me feel uneasy.