For years, crypto valuation meant multiplying active addresses by a vague narrative factor. That era is ending.
Protocols that generate actual income and share profits with token holders will thrive.
Hashed predicts 2026 as the year crypto connects to the real economy, with real transaction volume and revenue becoming core evaluation criteria.
@useTria already lives in that future.
The $20 million ARR comes from card fees, transaction fees, and buyback mechanisms.
The token has zero inflation, all pre minted.
Revenue feeds directly into the ecosystem through burns and rewards.
The fintech valuation framework offers a clear comparison point.
Public fintech companies like Coinbase trade around 13x revenue, while infrastructure fintechs average 11.2x. Tria trades near 1.65x, roughly one eighth of those multiples.
The gap suggests either a massive mispricing or a market that has not yet recognized what a revenue generating onchain business looks like.
The crypto industry spent years chasing speculation. The next phase belongs to businesses with P&L statements.