The Protocol Revenue strategy takes a fundamentals-based approach to crypto trading — focusing on actual revenue generation rather than price action or sentiment. When a protocol's daily fees suddenly spike to 2x or more above its 7-day average, it signals genuine usage growth. Unlike narrative-driven pumps or technical signals, fee revenue is an objective measure of real demand — someone is paying to use the protocol. The strategy monitors DeFiLlama protocol fee data and buys tokens when their protocols show sustained revenue acceleration. The key distinction from a simple fee spike is "sustained" — it requires the elevated fee level to persist, filtering out one-off spikes from liquidation events or bot activity. This cannot be backtested with the current data because historical protocol fee data at daily granularity isn't included in the market data set. Integration with DeFiLlama or Token Terminal APIs would be required. The fundamental thesis is strong: protocols generating real revenue have genuine utility and demand, making their tokens more likely to appreciate. However, the crypto market doesn't always price assets on fundamentals — narrative and speculation can dominate price action for extended periods.