Brightold

. @Aptos has spent $494 million in 2024 to generate $1.38 million in user fees. That's $358 spent for every $1 of fees. If you're an investor in Aptos, you might be wondering where the $494 million went. It went to Aptos validators, of which there are 151. That's about $3.27 million per validator. ---- If you're an investor in Aptos, how do you feel about this? For reference: 1. Solana has spent $7.22 for very $1 of fees generated in '24 (peaked at $184 in first bull run). 2. Ethereum has spent $1.14 for every $1 of fees generated in '24 (peaked at $80 in first bull run). 3. Avalanche has spent $63 for every $1 of fees generated in '24 (peaked at $150 in first bull run). ____ If you're investing in crypto networks, you should understand which ones are the best at turning scarce, critical resources into network effects & user fees. That's why I created a dashboard on @tokenterminal breaking it all down. It's called "Analyzing Token Incentives through the Lens of Stock-Based Compensation" If you'd like to access the dashboard, see the link in the first reply below 👇