DeFi tokenomics

DeFi tokens have long been valued on narratives: growth, liquidity, and network effects. But as markets mature, investors are asking a tougher question: can protocol revenue make tokens more investable? Aave’s community-led buybacks bring that […]

Uniswap’s long-debated fee switch has sharpened focus on a popular promise in crypto tokenomics: burn the token and number go up. Reality is more nuanced. Burns only matter if they are powered by genuine, sustainable […]

Many DeFi dashboards spotlight total value locked (TVL) as the headline number. But TVL is a balance-sheet figure, not a profit-and-loss statement. If you’re trying to value revenue tokens, you need to follow the cash […]