Check out P/S multiples across the industry over the past 5 years
This is a simple market cap weighted P/S multiple for the top 100 projects on @tokenterminal excluding Layer 1s
Where is equilibrium? I think that depends on whether tokens end up subordinated to equity or not.  x.com/15117931318843…

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Original Odaily(@OdailyChina)
Author/ Wenser (@wenser2010)
As a "barometer" of the cryptocurrency market, Strategy&'s stock price has always been a major driver of market sentiment, with its performance closely linked to key factors such as cash flow stability and index position. Recent news indicates that from December 15th to 21st, Strategy& raised $748 million through the sale of common stock, increasing its cash reserves to $2.19 billion, and has suspended Bitcoin purchases; currently, the company holds...

Buy the dips or wait and see on MSTR? Three key questions you must know about Strategy

Written by: David, TechFlow TechFlow You might not listen to podcasts, but you've definitely seen this image. In 2018, the image of Elon Musk holding a cigarette, surrounded by smoke, went viral, becoming one of his most iconic moments. However, few people know where this scene took place, and few care about the person on the other side...

This American earns $250 million a year through podcasts, and Luo Yonghao is learning from him.

Allegations of insolvency and backdoors have thrust Hyperliquid, currently the hottest derivatives protocol, into the spotlight. But this is more than just a public relations crisis; it's a stress test of the boundaries of transparency in high-performance DeFi.

Hyperliquid's direct involvement in the accounting process, a seemingly perfect public relations move, is actually a calculated attack on its competitors.