Capital Intensity And Asset Tie-upNode operations and staking require large amounts of cryptocurrency, which ties up capital and can limit financial flexibility given valuation constraints.
Corporate And Crypto-specific Risk FactorsSmall-cap vulnerabilities include potential share dilution, competition from larger firms, crypto price volatility, and cybercrime risks that could harm investor returns.
Margin Pressure From Block-building OperationsBlock-building profitability faces compression from higher validator payments, increased infrastructure costs, and intensified competition that can reduce gross margins.