>Data shows that unbeknownst to the crypto community, most projects on the top smart contract networks don't capture any value. A similar trend exists in economics where a portion of the workforce though employed, don't contribute to output.

kek, that's true. There are BILLIONS in crypto, and some generate a bit of revenue, others don't. Went through most yesterday on DefiLlama. But, I'd say there is potential in those that will try to tokenize real world assets (RWA). And there are some companies that are back by institutions (implying we'll ever get rid of them because of muh crypto). ONDO is an example. They also have a coin, but according to grok it's not that essential to the operation. I mean, if you buy the token of a project, you'd also want it to be crucial so that there is demand.

Solana which is currently big, has an MCap of 188-190 billion. Look at the revenue that is being generated in context of it. Others are even more out of balance.

Only the ones that will go the RWA route (see RWA table bottom right) will eventually make money, cause otherwise I could not imagine where the hell the revenue is supposed to come from. But Stellar has already an Mcap of 15 billion and no revenue. Arbitrum is a huge platform and currently expanding, but the coin seems to not be essential to the operation and exchangable with ETH (because of layer 2 architecture). Same with Polygon (also Layer 2), even though I think there's more potential despite Indian CEO (probably more liked in SA (is involved in MercadoBitcoin in Brazil)).

I bought Aptos (APT) and stake it, while I also short it at the same amount on CFD and earn 10% interest (CMC) as a hedge if the bet fails. It's also backed by institutions and by ex Meta-developers. The initial CEO (already left, but wasn't even an IT-guy) appears like a classic scammer, which is why I believe it has good chances, kek, like WeWork.

So anyways, here's my research on Crypto altcoins for free.