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that1618guy
@that1618guy
Markets @Delphi_Digital // BTC Game Theory Creator // Founder @Stateofblocks
Joined April 2018
629 Following    15.2K Followers
$PONS revenue has been pulling back ever since its best ever day of $1.8M just 5 days ago yesterday's revenue came in just above $1M, with my model est today's numbers to come in right below the mark impt to note that revenue cannot stay elevated all the time and we need to start seeing it base out and normalize so we can better judge xRev as it settles across the various timeframes 7d/30d etc. anyone tracking these numbers kinda expected a cooloff that was coming - and in this instance it seems like we are in the midst of one. going back to my revenue durability study, if $PONS is a staying business we will want to see the protocol retest and break its ATH revenue day of 1.8M a protocol constantly doing that is a durable one, how long it takes and the shape of the decline in revenue is something we can study - will share more of my thoughts on this in another thread
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