Disguised Unemployment in Blockchain? Data Shows Only 12% of Ethereum, 25% of Solana Protocols Have Revenue

Description

Have you heard of disguised unemployment? It refers to a situation where a portion of the workforce appears to be employed, but isn't contributing to the economy's output. Consider the massive capital expenditure loss from ghost cities, which represent unoccupied infrastructure. Something similar can be said for the top smart contract blockchains, which hosts hundreds of decentralized protocols. Of these, only a minority are generating revenue, while the rest produce no yield, loosely representi...