Browsing: Revenue

Ethereum Layer 2 Blast will shut down operations by the end of October, citing challenging operational costs. In an X post, the team said they didn’t see a “credible path” to make the chain economically sustainable. The economics of operating the chain no longer make sense: the ongoing costs of maintaining Blast exceed the revenue…

API3 is taking a significant step by allocating its revenue from OEV, curator fees, and ETH staking yields into recurring market purchases. This follows an approved DAO proposal, indicating a commitment to strengthening its treasury reserves. The strategy aims to enhance liquidity and ensure that API3 can meet future operational needs, as outlined in the…