
How can Rayls fees, revenue, and burns be checked without trusting the dashboard? The Ethereum split can be checked. The dollar revenue total and the private transaction count cannot, not from the address the Transparency Portal cites. Rayls says institutional usage should appear as public proof: Proof of Usage for private-chain fees, a 50/50 burn-and-validator split, and a portal anyone can reconcile against Ethereum. A dashboard figure is not the same thing as a figure you can reproduce from a transaction.

