It's not profitable to start a public chain project right now.

In the past 7 days, only 11 public chains have generated over $100,000 in revenue.

The newly launched mainnet public chain project Monad earned $111,000 in the last 7 days.

I just looked at $MON

MONUSDT

Perp

0.02442

-7.11%

Calculating at the current price, if fully unlocked, the market cap is $3.8 billion.

My first impression is that this revenue can't support such a high market cap.

It's highly likely to follow the old path of Arb and OP.

If MON goes back to $0.05, it can be shorted directly.