A worked distinction
If a protocol collects 100 units of fees and distributes 80 to service providers while retaining 20, the retention ratio is 20%. That ratio alone does not establish profit after operating expenses or a token-holder claim.
What to verify in your own analysis
Check the provider’s metric definition, reporting window and treatment of incentives. Join datasets by verified identifiers, and preserve missing fields rather than assuming zero revenue.
Write down the market or protocol identifier, units, observation window and data source before comparing outputs. Keep unavailable values distinct from zero. Capture a baseline and change one assumption at a time so the resulting difference can be explained.
Use the linked working tools
Open the related tools below to inspect actual public observations or calculate a local scenario. The numerical example above is illustrative, not a current quote. Export the result together with its assumptions if you need a reproducible research record.
The review checklist records what you checked in this tab. Completion measures your own notes, not whether an investment is safe, suitable or profitable.