Curve Finance’s fee revenue surged to $729,000 (24h), about 3.2 times its usual level. $CRV holders may be wondering: What does this mean for the token?
My personal take: Valuation is based on long-term revenue, so a one-day peak can’t simply be annualized. The impact on fundamentals will only become apparent if this level is sustained for a while. Also, the significance for the token depends on how much of the fees goes to the protocol and how much can flow to token holders.
Volatility is high, so use leverage within your means.
My personal take: Valuation is based on long-term revenue, so a one-day peak can’t simply be annualized. The impact on fundamentals will only become apparent if this level is sustained for a while. Also, the significance for the token depends on how much of the fees goes to the protocol and how much can flow to token holders.
Volatility is high, so use leverage within your means.
