Sushi’s fee revenue surged to $150,000 in 24 hours, about 6.6 times the usual level. $SUSHI holders may ask: What does this mean for its valuation?
My view: Valuation is based on sustained revenue; a one-day peak doesn’t count toward annualized figures. Support for the valuation will only become apparent if this level can be maintained for a period of time. Also, how much of the fees goes to the protocol and how much can flow to token holders determines the value they bring to the token.
#SUSHI
My view: Valuation is based on sustained revenue; a one-day peak doesn’t count toward annualized figures. Support for the valuation will only become apparent if this level can be maintained for a period of time. Also, how much of the fees goes to the protocol and how much can flow to token holders determines the value they bring to the token.
#SUSHI
