CryptoQuant analyst Matthew Deeb’s paid membership group—he claims he collected 70 million RMB in membership fees in a single year. I looked into it: on Douyin he only has 200,000 followers, and his video views are also fairly average. With only that amount of publicly available traffic to support such a revenue scale, it’s very likely that the monetization is driven by strong relationship networks accumulated in traditional finance through on-chain data tools. Under this model, the cost of building trust has long been exhausted by the free content in the early stages; follower count is actually not the key metric.