QuickSwap’s fee revenue surged to $120,000 over 24 hours, about 3.1 times its usual level. Holders of $QUICK may be wondering: what does this mean for its valuation?
My take: valuation is anchored in sustained revenue. A one-day peak shouldn’t be annualized; the support for the valuation will only become clear if elevated revenue levels persist for a while. Also, how much of the fees goes to the protocol and how much can flow to token holders likewise determines the value they bring to the token.
#QUICK
For reference only. Do your own research and assume the risks.
My take: valuation is anchored in sustained revenue. A one-day peak shouldn’t be annualized; the support for the valuation will only become clear if elevated revenue levels persist for a while. Also, how much of the fees goes to the protocol and how much can flow to token holders likewise determines the value they bring to the token.
#QUICK
For reference only. Do your own research and assume the risks.