[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![tijnless Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::2499342391.png) Mart [@tijnless](/creator/twitter/tijnless) on x XXX followers
Created: 2025-07-25 21:51:20 UTC

3.Realization rates are dropping
Realization—the gap between billed and collected fees—fell from ~90% in early 2023 to ~84% by mid‑2024. That erodes profits even with higher rates.


X engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948863663567503504/c:line.svg)

**Related Topics**
[rates](/topic/rates)

[Post Link](https://x.com/tijnless/status/1948863663567503504)