We're going to do some math this morning to show why @ResupplyFi is being undervalued by the market.
Let's look at the top protocols on Ethereum (by revenue delivered to holders) market cap, FDV, and 30D revenue/market cap.
Sky: $1.74B, $1.74B, 0.0068
M0: NO TOKEN
Pendle: $856M, $1.42B, 0.00473
Aave: $4.7B, $4.9B, 0.00076
Curve: $1.1B, $1.8B, 0.00133
Thorchain: $462M, $560M, 0.00097
Peapods: $54M, $54M, 0.00692
etherfi: $801M, $1.56B, 0.00046
Resupply: $8.5M, $56M, 0.0372
Convex: $317M, $387M, 0.00073
Each one of these protocols is important to the DeFi ecosystem, but there is one that is punching way above its weight in terms of revenue that is being delivered back to holders and that is Resupply.
Notice that Peapods has the next best ratio, but Resupply is still delivering 5.3x the value. Hippos undefeated.
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