Marcus dropping truth bombs: protocols printing fat daily revenue means nothing if the market won't price it in.
The real test? When traders finally start valuing these cash flows like they're sustainable—not just another temporary pump.
Right now we're in this weird limbo where protocols are generating serious money but valuations don't reflect it. Market's basically saying "show me this isn't a fluke."
Revenue durability > revenue spikes. That's when the real re-rating happens.
The real test? When traders finally start valuing these cash flows like they're sustainable—not just another temporary pump.
Right now we're in this weird limbo where protocols are generating serious money but valuations don't reflect it. Market's basically saying "show me this isn't a fluke."
Revenue durability > revenue spikes. That's when the real re-rating happens.