166 crypto protocols made $1M+ in fees in the last 30 days.
Only 46 paid their holders anything.
Together they made ~$2,270,000,000 in fees.
~$251,000,000 got redirected to tokens - about 11%.
If a protocol prints millions & the token gets nothing
Holding it doesn't make you an owner imo - you're just a customer with a bag.
Solana ones that actually pay holders (last 30 days):
→ $PUMP ~$27,900,000
→ $JUP ~$1,830,000
→ $RAY ~$1,600,000
→ $ORCA ~$340,000
Which token do you hold for the cashflow?