I screened the top 50 protocols by revenue.
• The average P/S ratio is 27.7x
• The S&P 500 averages 3.1x
94% of DeFi's top earners are priced above what their revenue supports, and 2 protocols alone account for over half of all revenue.
Here's the breakdown:
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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