Berachain's on-chain performance is worth paying attention to. The fee revenue in the past 24 hours is only $39. What does this number reflect?

If a public chain's fee-generating ability is so low, what does it mean? Severe lack of network activity, or a missing ecosystem of applications? From an economic perspective, can such a weak fee mechanism support long-term network security and sustainable development?

Some investors have bluntly stated, why shouldn't such data be a reason to short? This question touches on the core of the project—whether it can prove its value proposition. Low fees may indicate low transaction volume, and low transaction volume may signal a decline in user enthusiasm.

Of course, some might say that early-stage projects are like this. But for public chains that are already online and operational, economic data is the most candid market signal. It does not lie.