๐ค Blockworks: Inside Fluent's Data Dashboard โ How a Consumer Chain Turns T-Bill Yield Into BLEND Buybacks
Fluent, a four-month-old consumer-crypto chain, earns almost all its revenue from its USDnr stablecoin's Treasury-bill yield โ not fees.
โข Execution fees have brought in just $1.2K since launch, versus $79K in USDnr treasury yield earned since mainnet.
โข Combined USDnr/sUSDnr float is $11.5M, down from a $40M launch-week peak, with 80% staked for yield.
โข Only one BLEND buyback so far โ $65K on April 27 โ funded almost exactly by accumulated program yield.
โข Daily active addresses have fallen to ~39 from a launch-day peak of 252, underscoring how early-stage these numbers still are.
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