Centrifuge’s fee revenue surged to $250,000 (24h), about 2.6 times the usual level. Holders of $CFG may ask: what does this mean for valuation?
My personal view: valuation is anchored in long-term revenue, and a one-day peak can’t simply be annualized. The support for valuation only really becomes clear if elevated levels can be sustained for a while. Also, how much of the fees goes to the protocol, and how much can flow to token holders, likewise determines the impact on the token’s value.
#CFG
My personal view: valuation is anchored in long-term revenue, and a one-day peak can’t simply be annualized. The support for valuation only really becomes clear if elevated levels can be sustained for a while. Also, how much of the fees goes to the protocol, and how much can flow to token holders, likewise determines the impact on the token’s value.
#CFG