💠 PancakeSwap ($CAKE ) is being valued the cheapest among the large Dex group.
If we use the Cap/TVL coefficient to compare token prices within the Dex sector, then we have:
- Aerodrome: $563.4M / $343.61M = 1.64x.
- PancakeSwap: $751.08M / $2.262B = 0.33x.
- Curve: $549.77M / $1.393B = 0.39x.
- Velodrome: $31.38M / $41.70M = 0.75x.
- Uniswap currently has TVL of $3.642B; with a market cap of about $3.6B, the Cap/TVL is approximately 1x.
=> However, this is only one of the indicators among other metrics such as:
1. Cap / Revenue
2. Cap / Fees
3. TVL / 30D Volume (capital efficiency)
And if you plan to invest, you also need to evaluate many other perspectives!
If we use the Cap/TVL coefficient to compare token prices within the Dex sector, then we have:
- Aerodrome: $563.4M / $343.61M = 1.64x.
- PancakeSwap: $751.08M / $2.262B = 0.33x.
- Curve: $549.77M / $1.393B = 0.39x.
- Velodrome: $31.38M / $41.70M = 0.75x.
- Uniswap currently has TVL of $3.642B; with a market cap of about $3.6B, the Cap/TVL is approximately 1x.
=> However, this is only one of the indicators among other metrics such as:
1. Cap / Revenue
2. Cap / Fees
3. TVL / 30D Volume (capital efficiency)
And if you plan to invest, you also need to evaluate many other perspectives!
