I kept comparing Babylon's TVL to its market cap and the gap didn't make sense to me at first. Over 56,000 BTC locked, something like $5.6 billion secured, and the token sitting at a fraction of that in market cap. My first instinct was to call it undervalued, clean and simple.
Then I sat with what TVL actually represents here. It's Bitcoin locked in staking vaults, not revenue flowing back to BABY holders. The security work being done and the value accruing to the token aren't the same thing u...
The Harsh Reality of New Crypto: Just 7% of Major Tokens Beat Their Launch Price
📉 Only 7.1% of the 113 tracked tokens with a market cap over $100 million are currently above their token generation event price, reflecting a staggering median return of -95.7%.
🚀 Among the few exceptions, HYPE leads with a remarkable 1,519% increase, followed by ONDO at 101.4%, while EVA and NIGHT show modest gains of 20.3% and 16.5%, respectively.
🔍 Major factors contributing to the decline include sell...