TechFlow news — Michael Anderson, co-founder of Framework Ventures, expressed surprise at the success of Coinbase's subscription model. Anderson said predictable revenue growth is exactly what Wall Street wants, and the best path to building a successful company with predictable revenue growth isn't transaction-based. Competing on transaction fee models often devolves into "zero competition," and transaction volume is inherently "highly cyclical." As cryptocurrency markets appear to fluctuate roughly every three to four years, trading revenues rise and fall accordingly. The shift toward subscription and service models is "critical" for Coinbase's long-term success.
Anderson added that revenue from staking has been surprisingly positive. The new target for ETH staking amounts is substantially higher than most other predictions.
