2026-01-12 23:32:00

Many Web3 projects focus on transaction fees right from the start, and I can understand why—cash flow is quick. But there's a trap: when everyone follows the path of transaction matching, only a few will survive in the end.

To put it simply, the transaction feature can be implemented, but it's just that—nothing more. It might be a stage of the product, but it shouldn't be the ultimate goal. The more eager you are to monetize through fees, the easier you fall into a red ocean of fierce competition. Conversely, projects that are willing to spend time refining truly differentiated product forms often can survive longer.

The key point is: the timing of the pivot is crucial. If you wait until everyone else has realized the need to change, it's already too late.

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SerumDegen

· 01-15 18:40

ngl the fee-extraction playbook is basically a liquidation cascade waiting to happen... everyone chasing the same revenue stream until suddenly nobody's standing. seen this movie before, it always ends the same way lol

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PebbleHander

· 01-15 09:38

It's the same old story, but it really hits home. To put it simply, the path of exchanges is just about undercutting prices, unless you truly have core competitiveness.

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SchrodingerWallet

· 01-13 00:00

To be honest, this logic isn't wrong, but the problem is that most teams simply don't have that patience. The transaction fees are indeed attractive; they can sustain in the short term, but in the long run? Hehe. It's a gamble on who can hold on, so don't rush to harvest the profits.

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CoffeeOnChain

· 01-13 00:00

The fee route is really too competitive; in the end, it all gets eaten up by the top players.

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WhaleSurfer

· 01-12 23:55

This idea is correct, but many teams simply can't stay patient and have to rely on transaction fees to chase quick money. As a result, it's all exchanges rushing in—who can really profit from that? The saying "The chrysanthemums have withered" is spot on; we really need to find a way out early. I've long felt that this path was dead, and now I understand why.

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GateUser-7b078580

· 01-12 23:50

The data shows that, on an hourly basis, the dependency on trading pair fees has not decreased since April of last year. However, this thing will eventually collapse.

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GasGuru

· 01-12 23:38

I'm already tired of the fact that exchanges are clustering; there are really only a few that can survive.

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