However, the actual fee scale is still small compared to the token reward-based security budget, and the gap between “usage growth” and “economic independence” is a key evaluation point. Although usage has increased, if fees do not grow enough to replace issued subsidies, LPT dilution and compensation dependence will persist in the long term.
Investment View
It will not be determined by “growth” itself, but by “whether AI demand is directly linked to the LPT security economy and reduces dependence on issuance subsidies”.
Livepeer reached record Q1 2026 usage and fees, but its LPT security economy remains just before maturity because inflation is high and fee coverage is still thin.
Investment View
The Livepeer MAT brief frames the maturity question around the gap between AI video demand growth and LPT inflation recalibration.