Layer3's annual revenue surpassed $20 million, making it one of the most commercially promising platforms in Web3.

Web3 user rise platform Layer3 announced that as of the 2024 fiscal year, Layer3's revenue has officially surpassed the 20 million dollar mark, and has steadily achieved positive cash flow and profitability. This milestone performance sets a rare commercial model for the current highly competitive and still growing encryption industry.

Against the backdrop of most projects still relying on token incentives and external financing, Layer3 has taken the lead in establishing a sustainable business model and achieving rapid rise based on enterprise-level cooperative clients. Its revenue sources include: traffic task cooperation at the protocol level, platform subscription services, and on-chain interactive data insights.

The Dune chart shows the amount of L3 buybacks received by the L3 platform over time. This amount is nearly $1,000,000.

Large-scale token buybacks demonstrate financial strength and long-term commitment.

Layer3 also announced that the team has completed a token buyback plan worth several million dollars. This move not only helps optimize the circulation supply of tokens but also reinforces the market's confidence in the Layer3 team's commitment and execution.

This buyback action provides solid support for the market, effectively boosting community sentiment and the trust expectations of long-term holders.

Focus on solving the Web3 user rise problem

Layer3's platform positioning is clear and aims to address one of the biggest challenges faced by Web3 projects: difficulties in acquiring and retaining high-quality users. As the core exploration layer of Web3, Layer3 is becoming the central engine that aggregates users, applications, and multi-chain ecosystems. The platform is the second most used dApp on the Ethereum blockchain, second only to Uniswap. It has gathered over 2 million users, with monthly active paying users exceeding 30,000; it also supports over 760 popular protocols and seamlessly integrates with more than 40 mainstream blockchains. Like Google, Layer3 is reshaping the way global users explore and adopt encryption technology.

Layer3 is a strong growth engine. Leading projects like Linea, Jito Labs, and Uniswap drive user growth and loyalty through Layer3. For example, Linea achieved over 1 million users in just 6 weeks, and Jito Labs has a user retention rate exceeding 70%.

The platform assists in achieving real conversion behaviors through a structured task system (Mission), on-chain behavior tracking, and incentive modules, such as wallet linking, staking, cross-chain, and governance voting. Enterprise clients can pay based on actual results, achieving high efficiency in on-chain user rise.

Partners are spread across mainstream ecosystems, with dual verification of technology and trust.

Currently, Layer3 has established partnerships with several top ecosystems, including:

• L2 public chains and technology layers: Mantle, Linea, Optimism, Arbitrum, Polygon, Base, Starknet

• Cross-chain infrastructure: LayerZero, Axelar, Across

• Protocols and Application Layer: Uniswap, Aave, Jito

These collaborations are mostly long-term, ongoing traffic diversion plans, highlighting the key role that Layer3 plays in user growth strategies and gaining widespread market recognition.

Looking forward to the Asian market, strengthening token economic design

Layer3 has started to implement strategies targeting the Asia-Pacific region, including:

• Regional Exclusive Task Module

• Localized cooperation promotion activities

• Establish strategic alliances with Asian chains and communities

The platform token $L3 will continue to play a core role in aspects such as task incentives, participation thresholds, reputation points, and DAO governance. The team also expects to launch value capture designs including staking rewards and token burn mechanisms to establish a healthier token economic cycle.

Co-founder Kumar stated: "We are proving that the encryption world can both uphold its mission and achieve financial stability. Our profit model is a strong testament to the practical value that can be scaled and implemented."

Layer3 will continue to strengthen its global layout based on stable revenue and provide the most reliable infrastructure for long-term user growth in Web3 through a sustainable token model and task platform design.