A large number of protocols on Ethereum and Solana blockchains have no revenue
Have you heard of disguised unemployment? It refers to a situation where a portion of the workforce appears to be employed, but isn't contributing to the economy's output. Consider the massive capital expenditure loss from ghost cities, which represent unoccupied infrastructure. Something similar can be said for the top smart contract blockchains, which hosts hundreds of decentralized protocols. Of these, only a minority are generating revenue, while the rest produce no yield, loosely represent