For $HYPE lovers: don't forget that 32% of Holders' Revenue is subsidy delivered to validators, so we have

• 65% of buybacks: 0.65*1.1 = ~$715m
• 32% of staking incentives 0.32*1.1 = $352m

So while $715m of $HYPE are bought back, $352m or ~50% are added to circulation, meaning that EFFECTIVE buyback rate (net) is 715-352 = $363m only(!)

https://app.valueverse.ai/tokens/hype

What happens if we value $HYPE against the supply that is actually exposed to its fundamentals?
• Not just the liquid float

On this basis: buybacks are priced at roughly >150× annual revenue.

The logic is simple:
• buybacks and burns should be measured against the entire supply they enrich.
• Locked tokens benefit from supply reduction just as much as liquid tokens do.

Illiquidity affects the ability to sell, not the amount of value accrued.

Some thoughts on the current state of $UNI token.

$UNI has:
• biggest DEX brand & TVL
• revenue growth (+40% 90D, +61% since 13th march)
• Robinhood viratily

Price action isn't so optimisic.

We prepare big release with methodology update and lot of new data

v2 is coming

Pareto Rule for data is 99-1:

- 1% of onchain data helps you to make money (with proper interpretation)
- 99% of it doesn’t lead to valuable decisions but everyone tries to build it.

Our business is 1%. Others can spend time for 99%

@okhlopkov do you agree with that?

Getting insights on tokens while cooking up Valueverse v2👇

$NEST revenue performed so well lately:

- Now it's yielding $79/year avg per 10k locked NEST(last epoch annualized)
- Revenue captured since launch: $19 per 10k NEST locked
- P/FCF multipliers: x1.38 (7D), x5.73 (365D or annualizing all existing revenue data since launch).

Will summarize all new stuff that is coming into some article🧠

Vv v2 sneak keep spotted👀

https://x.com/vasily_sumanov/status/2093001263323476119

Everything we need:

“The healthy token economics are finally emerging”

Crypto Is Transitioning From a Venture Market to a Liquid Asset Market

> Most infra has been built, most chains we need exist.

> There is less need for massive vc rounds for infra slop + most funding is now focused on the app layer.

> Crypto is transitioning from a VC-dominated infra buildout to a liquid market era

> Where revenue-generating app-layer protocols are rewarded, mega-funds are no longer needed, and healthy token economics are finally emerging.

Source: https://x.com/ceterispar1bus/status/2092990793665348095

Buying liquid tokens in most cases has much better risk-reward…

then buying something illiquid (for years) from the team that one day will “sunset” the protocol since they spent your money on their experiments and decided to do another thing

Now you just need to pick liquid winners and early alpha; this is the edge now

We closely track what is going on Robinhood and it is not about memes

It’s about revenue generating assets such as $PONS and $UP that made 2021-style altseason rally.

A lot of interesting stuff & fresh liquidity is there so we will cover it up for you

The number of projects distirbuting revenue is growing like a snowball.

It's exciting that "Revenue Meta" is not a meta anymore.

It's a mainstream today.

We collected some thoughts on "price per unit of revenue" metric that we develop:
• Price/mcap is not enough to compare projects with revenue
• The "price per unit of revenue" is the second metric for asset analysis after price/mcap performance
• The token designs and tricks they use for distributing revenues are often quite different, so we definitely need one metric that covers it all

Cheers,
Vasily

https://x.com/valueverse_ai/status/2094496135486525888

Dropped some personal opinion regarding tokens offering revenues on Robinhood

https://x.com/vasily_sumanov/status/2095952532287955238

Checked more than 50 assets, however quality of projects and tokens is really low at average

The price action of these assets 100% followed quality of value accrual (or simply, the results of our analysis).

Those that have real & sustainable value accrual are up or hold, others are down (dumped)

Valueverse v2 Sneak Peek

Every token has three core valuation metrics:

• Base P/FCF -> what a holder earns simply by owning the token; passive revenue streams only.
• Max P/FCF -> what a holder can earn by using the token’s full utility: staking, ve-locks, and every other available revenue stream.
• Aggregate Return -> the share of market cap returned to holders annually as cash flow, across all available revenue streams.

+ revenue streams, supply details, and many more.

Holders Revenue 7D, 30D is important.
But real valuation starts with P/FCF.

Base. Aggregate. Max.

The next part of analytical engine is Token Value Structure

Delivered a v2 visualization; comparison mode soon

As you might see, we have a plenty updates for now.

Closed Valueverse v2 Beta already has 21 tokens and it's only the second batch.

If you want to get access and explore -> write in the chat and we will help you

Enjoying alt season ?

If you have been trusting in revenues you should be happier than before

Btw there is quite interesting Defi revenue podcast right not https://x.com/i/spaces/1mGPaZmDWgdJN where Valueverse team participates, specifically Vasily

An example how you can get instant value from app.valueverse.ai even without loggin in.

If you saw that $PENDLE buybacks x8 more than emission, here is some clarification:

• $PENDLE buybacks are distributed to sPENDLE and vePENDLE as rewards, so it's a way to distribute revenue to holders.
• Buybacks doesn't remove PENDLE from circulation forever.
• The majority of revenue is received by vePENDLE (~$16m/year), not sPENLDE (~$1.2m/year at current rate)

https://x.com/valueverse_ai/status/2104885930276397174

State of $UNI is quite clear now.

Not only "revenue grows", it's evident.

The direct comparison of revenue growth vs. price growth shows that $UNI definitely has a room to grow further.

The question is if Robinhood revenue will be sustainable in the future (or not).

See yourself:

- 15 Aug: $3.25 price, 52x P/FCFt 30D
- Recently (27 sep): $9.8 price (3x growth since 15th aug), 28.9x P/FCFt 30D
- Revenue: $4.6m 30d prior 15th aug, $25m 27 sep, >5x rev growth.

It's truly ATL for $UNI's revenue pricing (not token price, but revenue pricing; it's a totally different metric).

Annualized revenue now is as high as $159m.

NFA, just stats. As usual.