I ran a DeFi value screen on DeFi Llama:
P/F under 5x, positive 30d revenue growth, real scale.
Only 16 protocols passed.
1. Sanctum
$CLOUD 58.7%
2. Lido
$LDO 4.8%
3. Benqi
$QI 21.6%
4. Usual
$USUAL 365.9%
5. Kinetiq
$KNTQ 34.3%
6. Aethir
$ATH 18.3%
7. Based
$BASED 16.5%
8.
ether.fi $ETHFI 4.9%
9. Thena
$THE 27.0%
10. PancakeSwap
$CAKE 3.7%
11.
Stake.Link $SDL 0.3%
12. Uniswap
$UNI 149.6%
13. Origin Protocol
$OGN 0.2%
14. DoubleZero $2Z 23.6%
15. Velodrome
$VELO 5.5%
Sanctum (
$CLOUD) is trading at 0.21x P/F, with $81M in annualized fees against a $17M mcap.
→ Revenue up 58.7% MoM.
The market is pricing this like it's dying, yet the data says otherwise.