Gestandaardiseerde ratio's tussen wat het asset waard is en wat het produceert. Het zijn geen equity-multiples: er is geen geconsolideerde entiteit, geen gecontroleerde jaarrekening en geen afdwingbare aanspraak op enige cashflow. Elke ratio vermeldt zijn eigen beperkingen.
Voordat je ook maar één ratio leest:
deze zien eruit als equity-multiples en zijn dat niet. Een token is geen aandeel: het geeft geen residueel vorderingsrecht, geen gecontroleerde geconsolideerde jaarrekening en geen afdwingbaar recht op een fee-stroom. De fee-verdeling van een protocol is een governance-keuze die gewijzigd kan worden. Beschouw elke onderstaande ratio als een schaalcontrole tussen twee gepubliceerde cijfers, en lees de beperkingen ervan.
Dilution overhangHow much larger fully diluted valuation is than market capitalization.point-in-time · Atlas calculation24.34%
Market Cap / Annualized FeesCompares a token's market value with the fees users paid to the network over a year.Market Cap / Annualized Fees does not apply to this kind of asset.—
Market Cap / Annualized RevenueMarket value divided by the share of yearly fees the protocol keeps rather than paying out.Market Cap / Annualized Revenue does not apply to this kind of asset.—
FDV / Annualized FeesLike the market cap version, but values every token that will ever exist at today's price.Our sources have not published this figure for this asset. It is left blank rather than estimated.—
FDV / Annualized RevenueFully diluted market value divided by the yearly fee income the protocol retains.Our sources have not published this figure for this asset. It is left blank rather than estimated.—
Market Cap / TVLCompares a token's market value with the value of assets currently deposited in its contracts.Our sources have not published this figure for this asset. It is left blank rather than estimated.—
FDV / TVLFully diluted market value divided by the value of assets deposited in the protocol.Our sources have not published this figure for this asset. It is left blank rather than estimated.—
Market Cap per Active AddressMarket value divided by the number of addresses that sent or received anything recently.Market Cap per Active Address does not apply to this kind of asset.—
Market Cap / Annualized Transaction VolumeMarket value compared with the total dollar value moved on the network over a year.Market Cap / Annualized Transaction Volume does not apply to this kind of asset.—
Market Cap / Stablecoin Supply HostedA chain's market value compared with the total stablecoins issued or bridged onto it.Market Cap / Stablecoin Supply Hosted does not apply to this kind of asset.—
NVT (Network Value to Transactions)Network value divided by the daily value moved on-chain, smoothed over about three months.NVT (Network Value to Transactions) does not apply to this kind of asset.—
Network Revenue YieldYearly protocol revenue expressed as a percentage of the token's market value.Network Revenue Yield does not apply to this kind of asset.—
Fee YieldTotal yearly fees paid by users, expressed as a percentage of the token's market value.Fee Yield does not apply to this kind of asset.—
Holder Revenue YieldThe share of fee income that actually reaches token holders, as a percentage of market value.Holder Revenue Yield does not apply to this kind of asset.—
Volume to value lockedHow many times the value locked in a protocol is traded in its token each day.Volume to value locked does not apply to this kind of asset.—
Market cap to DEX volumeMarket capitalization compared with the yearly value swapped through the network or protocol's decentralized exchanges.Market cap to DEX volume does not apply to this kind of asset.—
Corporate treasuries over market capThe market value of disclosed corporate holdings as a share of the asset's market capitalization.Our sources have not published this figure for this asset. It is left blank rather than estimated.—