●• Highlights massive capital inflows into L2 pre-launch deposit models
Discussions in the trading sector have highlighted that MegaETH has reportedly entered the top 5 blockchains by revenue generation, driven primarily by its pre-deposit mechanisms. While the revenue figures are substantial, the metric has sparked debate regarding the actual value accrual to the ecosystem versus the protocol operators.
Traders are raising questions about the destination of these yields, specifically whether the revenue is being redirected to users or used to offset operational costs like gas. The situation underscores the massive capital efficiency of pre-launch deposit programs in the current Layer 2 landscape.
Despite the revenue milestone, the sentiment is mixed, with some participants expressing skepticism about the sustainability of revenue derived purely from deposits rather than organic transaction activity. This reflects a broader scrutiny on 'points programs' and pre-launch metrics as indicators of long-term viability.