$SUI Made " -79$ " 👀
Three other chains are posting numbers that don't match their valuations either.
→ $ALGO : $117 on an $880M market cap
→ $S : $95 on a $79M market cap
→ $SEI : $40 on a $348M market cap
Seems like some Solana killers are killing themselves here.
Sui is still the standout here, and not in a good way. A negative print means the chain is effectively subsidizing its own usage right now.
That can work short term, but it's not something you can run forever without real demand showing up eventually.
The other three aren't in crisis, they're just quiet. Some of them are still early in building out their ecosystems, and fee generation naturally lags actual usage.
It's just not always the explanation the market gives credit for.
Revenue is one of the harder metrics to fake. TVL can be mercenary capital. Price can run on narrative alone and revenue tells you if anyone is actually paying to use the thing.
Which one of these turns it around first?
#SOL #SUI #XRP
Three other chains are posting numbers that don't match their valuations either.
→ $ALGO : $117 on an $880M market cap
→ $S : $95 on a $79M market cap
→ $SEI : $40 on a $348M market cap
Seems like some Solana killers are killing themselves here.
Sui is still the standout here, and not in a good way. A negative print means the chain is effectively subsidizing its own usage right now.
That can work short term, but it's not something you can run forever without real demand showing up eventually.
The other three aren't in crisis, they're just quiet. Some of them are still early in building out their ecosystems, and fee generation naturally lags actual usage.
It's just not always the explanation the market gives credit for.
Revenue is one of the harder metrics to fake. TVL can be mercenary capital. Price can run on narrative alone and revenue tells you if anyone is actually paying to use the thing.
Which one of these turns it around first?
#SOL #SUI #XRP
