$SUI generated -$79.61 in daily on-chain revenue. 👀
That number stands out even more when you compare it with other chains:
→ $ALGO: $117.40 revenue, ~$880M market cap
→ $S: $95.41 revenue, ~$79M market cap
→ $SEI: $40.33 revenue, ~$348M market cap
→
$SUI : -$79.61 revenue
A negative print is the strangest one here.
It means the chain is effectively subsidizing usage right now. That can happen while an ecosystem is still being built, but eventually real demand needs to show up.
The other three aren’t necessarily in trouble. Their revenue is simply tiny compared with their valuations.
That’s why I like watching revenue alongside TVL and price.
TVL can move with mercenary capital. Price can move on narrative. Revenue shows whether users are actually paying to use the network.
So which one turns the numbers around first? 👀
#SUI #SEI #ALGO #Crypto