Curve Finance’s fee revenue surged to $405,000 (24h), about 3.1 times its usual level. $CRV holders may ask: What does this mean for the token?
My take: Valuation is anchored to sustained revenue; a one-day peak can’t be annualized. The impact on fundamentals will only become apparent if the elevated level lasts for a while. Also, how much of the fees goes to the protocol, and how much can flow to token holders, likewise determines what this means for the token.
#CRV
My take: Valuation is anchored to sustained revenue; a one-day peak can’t be annualized. The impact on fundamentals will only become apparent if the elevated level lasts for a while. Also, how much of the fees goes to the protocol, and how much can flow to token holders, likewise determines what this means for the token.
#CRV