📐 Ranking protocol revenue over the past 24 hours from a capital perspective (only protocols whose tokens can be traded on Binance):
$HYPE Hyperliquid | $2.31 million; $PUMP Pump | $2.16 million; $SKY Sky | $439,000; WLFI World Liberty Financial | $401,000; UNI Uniswap | $271,000
The total for the protocols on the list is $5.58 million, reflecting real user demand to pay for their services. Hyperliquid alone contributed $2.31 million.
What we care more about is whether high-revenue protocols have a corresponding buyback mechanism for their tokens—this affects whether earnings can flow through to the token.
When screening fundamentals from a big-money perspective, two figures are typically used together: market cap divided by annualized revenue (similar to the price-to-sales ratio), and the portion of revenue that goes to token holders. These are just the first steps; you also need to look at token concentration and how the project team's holdings are moving. Follow to stay on top of unusual activity.
#HYPE
Views are for discussion only. You assume all risks.
$HYPE Hyperliquid | $2.31 million; $PUMP Pump | $2.16 million; $SKY Sky | $439,000; WLFI World Liberty Financial | $401,000; UNI Uniswap | $271,000
The total for the protocols on the list is $5.58 million, reflecting real user demand to pay for their services. Hyperliquid alone contributed $2.31 million.
What we care more about is whether high-revenue protocols have a corresponding buyback mechanism for their tokens—this affects whether earnings can flow through to the token.
When screening fundamentals from a big-money perspective, two figures are typically used together: market cap divided by annualized revenue (similar to the price-to-sales ratio), and the portion of revenue that goes to token holders. These are just the first steps; you also need to look at token concentration and how the project team's holdings are moving. Follow to stay on top of unusual activity.
#HYPE
Views are for discussion only. You assume all risks.