[RESEARCH] Economic Value Distribution in Blockchain Ecosystems - June 2026

🌐 VIEW LIVE INTERACTIVE REPORT (No Download Needed):

→ https://ricosworks1.github.io/blockchain-payment-flow-analysis/

Open in browser for the complete interactive report with:

• ✨ Beautiful formatting and styling
• 📊 All 11 blockchain charts and visualizations embedded
• 📖 Full 225KB analysis text
• 🔗 All 100+ sources and footnotes
• 📱 Responsive design (desktop, tablet, mobile)

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 funds its security at 130-135:1 ratio vs user fees
• Solana inflation dwarfs fees by 11x
• User fees represent just 5-15% of total value flows across major L1s

Contents

• Complete money flow breakdown for 25+ blockchain networks
• Layer 1 analysis (Bitcoin, Ethereum, Solana, etc.)
• Layer 2 networks (Arbitrum, Optimism, Base, zkSync, etc.)
• Infrastructure economics (oracles, MEV, RPC providers)
• Foundation and VC funding flows
• All visualizations with detailed analysis
• Complete methodology and 100+ verified sources

Alternative Formats

Also available for download:

• PDF (2.8MB) - Print-ready version
• Markdown (225KB) - Raw text in repo

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