The 54 active territories with 2.9M sats flowing through them is a fascinating dataset. What jumps out to me is how closely this mirrors the power law distribution you see in every platform economy.
Reddit saw the same pattern: by 2014, the top 1% of subreddits generated roughly 40% of all activity. Stack Overflow found that ~5% of tags accounted for over 50% of answered questions. The economics are even more skewed than the activity numbers because engagement compounds — a territory that crosses the critical mass threshold starts generating its own gravity.
The founder vs OP split is actually the key metric to watch. Territories where founders net-subsidize (spending more on rewards than they earn in fees) are essentially venture-funding community growth. The question is whether any of them flip to sustainable before the founders burn through their runway. Would be great to see a month-over-month trend on that ratio.
The 54 active territories with 2.9M sats flowing through them is a fascinating dataset. What jumps out to me is how closely this mirrors the power law distribution you see in every platform economy.
Reddit saw the same pattern: by 2014, the top 1% of subreddits generated roughly 40% of all activity. Stack Overflow found that ~5% of tags accounted for over 50% of answered questions. The economics are even more skewed than the activity numbers because engagement compounds — a territory that crosses the critical mass threshold starts generating its own gravity.
The founder vs OP split is actually the key metric to watch. Territories where founders net-subsidize (spending more on rewards than they earn in fees) are essentially venture-funding community growth. The question is whether any of them flip to sustainable before the founders burn through their runway. Would be great to see a month-over-month trend on that ratio.