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Last claim checked November 12 FEEDRSSJSON

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12 November
5:01 am

Token Terminal records $0 in protocol revenue over the past three years, despite billions of dollars in NFT trades

Corroborated

coindesk.com said this

5:01 am
Why this verdict View evidenceHide evidence
Why we checked itClaims zero revenue over three years — a striking figure that could be verified against Token Terminal records
What we foundThe claim that Token Terminal records $0 in protocol revenue for Blur over the past three years, despite billions in NFT trades, is corroborated by well over five outlets reporting the same finding consistently, all tracing back to CoinDesk's October 13, 2026 article as the original source, with supporting DefiLlama data independently showing near-zero gross profit and trading fees across all recorded quarters.
Sources checked
  • CoinDesk (coindesk.com, Oct 13 2026) — Original report, directly cited Token Terminal as source for $0 protocol revenue figure. PRIMARY SOURCE for the claim.
  • DefiLlama (defillama.com/protocol/blur) — Independent on-chain data aggregator; income statement shows $0 Gross Profit and $0 Trading Fees for Blur across all quarters from Q1 2023 to Q3 2026. INDEPENDENTLY CONFIRMS the substance of the claim through a different data channel.
  • CryptoRank (cryptorank.io) — Secondary; repeats CoinDesk/Token Terminal finding without contradiction.
  • CoinTribune (cointribune.com) — Secondary; cites Token Terminal data showing zero protocol revenue.
  • CryptoTicker (cryptoticker.io) — Secondary; explicitly references CoinDesk as source for Token Terminal figure.
  • CoinCentral (coincentral.com) — Secondary; confirms Token Terminal recorded $0 in protocol revenue.
  • NFTPlazas (nftplazas.com) — Secondary; cites Token Terminal, adds no contradicting data.
  • Bitcoin.com — Secondary; cites Token Terminal data via CoinDesk. No outlet contradicts the claim.
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