| To survive over the long term, a business must be profitable. Crypto businesses are no different.
While some projects might run at huge losses for multiple years - consider Amazon in the past or OpenAI currently - the eventual goal is to make profits for the company and its investors.
Since the blockchain space is so new, many companies are still in the early development phase, where profits are elusive. But that's not true for all companies.
In the Layer-2 space, we can see that the top projects deliver some profits, although those profits tend to be volatile, just like the associated tokens.
However, at least one Layer-2 has been able to maintain consistent profitability.
Despite its decline since launch, Base is the clear winner regarding profitability in the Layer-2 market sector (blue line, above). While this doesn't directly benefit users since there's no Base token, it could benefit Coinbase stockholders ($COIN). | 