The president of the Solana Foundation makes the case for revenue as crypto’s most telling metric, and says TVL is easily gamed.

Crypto is full of noisy metrics, but which ones actually matter?

Solana Foundation President Lily Liu argues that revenue, not Total Value Locked (TVL), is the most important metric for evaluating blockchain protocols. In this episode of Unchained, she explains:
How real revenue reflects usage and utility
Why TVL is often gamed and misleading
Whether revenue-driven thinking can stifle early-stage innovation
And more!

Timestamps:
🎬 0:00 Intro
💡 0:46 Why Lily believes revenue is the north star metric for crypto
🤔 6:47 Why almost no one talks about revenue in this industry
📉 10:05 Whether TVL actually signals long-term value
🎭 11:39 How TVL can be gamed and why it misleads investors
⚖️ 16:12 Could a revenue-first focus stifle innovation and early growth?
📊 17:41 What other metrics Lily says matter beyond revenue

bitcoin #ethereum #crypto #cryptocurrencies

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