According to Matt Hougan, investors who express concern over blockchain protocol revenues may be underestimating the long-term bullish potential of their networks (source: @Matt_Hougan, Twitter, May 20, 2025). For traders, Hougan’s statement highlights that revenue generation can be a key indicator of sustainable ecosystem growth and increasing user adoption. Monitoring on-chain revenue trends is becoming essential for identifying undervalued tokens and protocols with robust fundamentals, especially as blockchains that generate consistent fees tend to outperform in both bull and bear markets. This insight aligns with a growing trend where trading strategies focus on fundamental metrics such as protocol revenue and user activity, rather than speculative hype.