Prediction evidence

Blockchains are getting busier and cheaper while their tokens crash "There's a great report from Bitwise showing this strange phenomenon. Blockchain adoption is increasing massively, but the tokens are dumping to Hades. Eth, Sol and Avax each fell approximately 50% or more over the past year" "Ethereum transactions increased from 121 million to nearly 240 million, but revenue on that dropped 41%. That's because there's more blockspace now, it's become a commodity, and that's made transactions cheaper. So even on more transactions they're making far less money, which is actually very good for the consumer. Solana processed nearly record transaction volume while its network revenue declined, and Avalanche C-chain transactions roughly quadrupled to 236 million while revenue fell to approximately $330,000" "More transactions prove that people want the product, but they don't prove that the token captures the value, which has become a huge problem. The tokens are priced based on speculation from previous cycles, and even if their utility increases, maybe it doesn't justify the price they're trading at"