Complete Blockchain Payment Flow Analysis - June 2026

Full comprehensive analysis directly in repository:

📖 READ THE FULL REPORT HERE (no download needed):

→ EVD_blockchain_payment_flow_june2026.md

The complete 225KB report is viewable directly on GitHub with all:

• Executive summary and key findings
• Money flow analysis for 25+ blockchain networks
• Layer 1 & Layer 2 breakdowns
• Infrastructure economics (oracles, MEV, RPC)
• Foundation and VC funding flows
• All visualizations referenced
• 100+ verified footnotes and sources

Key Findings

• $12.8B retained protocol revenue annually
• $50-60B non-fee-funded value flows (issuance, VC, unlocks)
• 80-81% subsidy dependency — only 20% from actual user fees
• Bitcoin security budget runs at 130-135:1 vs user fees ($10.5B issuance vs $80M fees)
• Solana inflation dwarfs fees by 11x ($1.6B inflation vs $140M fees)

Alternative Formats

Also available as release assets:

• master.html (1.2MB) - Self-contained HTML with all charts embedded
• EVD_blockchain_payment_flow_19june2026.pdf (2.8MB) - Print-ready PDF
• master.md (225KB) - Raw markdown

Research Lead: Maze2 SA
Publication Date: June 20, 2026
Repository: https://github.com/Ricosworks1/blockchain-payment-flow-analysis