pretty clear that a dominant business model of the next generation of social networks will be transaction fees from facilitating peer to peer value transfer

building @seedclub @enjoytech.eth and writing about consumer crypto at paragraph.xyz/@joshcrnls.eth

Do you mean gas or taking a fee from the spread?

I think it depends on trnasaction fungibility 

P2P transactions can be made outside of the social platform so it’s hard to charge in the long run as users will find a cheaper alternative. Aggregation theory breaks down a bit in crypto with the fungible of transactions from different frontends… why Opensea lost out to Blur

Maybe they can charge a convenience fee or monetise from gas

Orderflow is only truly monetisable if those transactions aren’t fungible or you enable faster trading, infinite places to swap USDC/ETH and so aggregators can’t monetise

Pump fun or even friendtech require you to buy off the bonding curve so can charge huge spreads since they’re not fungible transactions