In a remarkable turn of events within the memecoin space, the creator of $USELESS, also referred to as The Useless Coin, has astonishingly accumulated $43,340 in fees from the Bonk Fun platform—without even possessing a single $USELESS token.
This situation underscores a significant shift in the decentralized finance (DeFi) landscape: it’s no longer solely about asset trading and speculation, but rather about the tangible utilization of protocols. While users engage in trading and providing liquidity, it’s the developers of these protocols who capture the financial rewards.
The clarity of this financial figure is evident upon examination. The fee structures of various decentralized exchanges and trading platforms can yield impressive returns. Even amid what appears to be a prolonged bear market—with Bitcoin prices consistently declining—the transaction fees linked to the Lightning Network have generated over half a million dollars for the developers behind the protocol, as well as the non-profit Lightning Development Fund that manages it. This revenue figure is especially noteworthy when juxtaposed with the minimal fees collected in the previous year.
Fee Revenue Arising from Trading Volume, Not Token Value
In stark contrast to numerous cryptocurrency projects, where developers’ wealth hinges on the appreciation of token prices, the earnings of the $USELESS developer are entirely derived from fees associated with the @bonk_fun platform—a service enabling swaps and trades. Each transaction carried out on this platform substantially contributes to the collective fee pool.
The impressive sum of $43.34K reflects the trading volume traversing the platform, indicating that genuine user engagement can generate significant revenue for a project without the need for price hikes. This model suggests that developers can sustain profitability through solid code and effective design, rather than resorting to pump-and-dump schemes.
In the current crypto environment, where many projects experience dramatic fluctuations and uncertainty regarding their profitability, the strategy adopted by the $USELESS developer is distinctly clear. Whether intentional or emergent, it signifies a connection between the token’s value—given that any cryptocurrency enjoys value these days—and actual platform usage and market activity rather than mere speculative trading.
Recent Trading Trends Indicate Strong Recovery and Positive Net Flows
Following a period where traders appeared to be securing profits from $USELESS—resulting in a negative net flow of $67,270 yesterday—the token has staged a vigorous recovery today. The net flow has surged to a positive $52,450, showcasing a remarkable 177.93% turnaround from the previous day’s outflows.
This resurgence signifies renewed confidence and interest from traders, potentially capitalizing on the price dips or seeking advantageous entry points. The positive net flow witnessed during today’s session suggests a resurgence in demand for $USELESS. If this trend continues, it raises questions about its drivers, with the prevailing market sentiment likely playing a significant role.
This swift transition from substantial outflow to significant inflow within a mere 24 hours highlights the volatility inherent in memecoin trading. Such fluctuations serve as a crucial reminder of the rapid risks and rewards associated with memecoin investments, often prompting traders to act quickly in response to market signals.
Implications for DeFi and Developer Revenue Strategies
The $USELESS phenomenon, characterized by its developer earnings from Bonk Fun trading fees, offers valuable insights into the realm of decentralized finance. It exemplifies a case where protocol developers establish sustainable income streams rooted in user activity, a model that more teams in the crypto space might consider adopting.
Additionally, this framework could attract developers and investors pursuing more stable returns tied to platform functionality, rather than the unpredictable nature of market prices. By profiting from every trade, protocols can better align their interests with users’, fostering healthier, long-term ecosystems.
In the case of $USELESS, the renewed trading interest combined with consistent fee generation distinguishes the project as a noteworthy example of memecoin economics. The ability for its developer to profit without holding tokens raises intriguing questions around governance, transparency, and revenue sharing, topics that merit further discussion within the broader community.
If $USELESS can maintain or even enhance its trading volume, it ensures ongoing revenue through fees for the developer, irrespective of token price fluctuations. This model could inspire other DeFi projects or memecoins to innovate new reward mechanisms for developers and community members alike.
In summary, the $USELESS developer has generated $43K purely from fees, highlighting a distinctive approach within the crypto landscape where transaction activities may prove more lucrative than simply holding assets. Coupled with a strong rebound in trading flows, $USELESS serves as a reminder that decentralized finance ecosystems can thrive on fee-driven models while maintaining strong market momentum. Ultimately, it encapsulates the idea of presenting trading activity as a desirable investment opportunity.
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