Protocol Fundamentals Radar

Protocol revenue valuation dashboard.

Not investment advice. Do your own research.

Last refresh
11 Jul 2026, 06:19 UTC
Universe
AAVE, AERO, CAKE, CARDS, CRV, CVX, ENA, GMX, HYPE, JUP, LDO, LIT, MET, MORPHO, PENDLE, PUMP, RAY, SKY, UNI, VVV, WLFI

Daily Valuation Snapshot

CVL Protocol Fundamentals Radar, 11 Jul 2026. Latest daily revenue surprise is strongest for MET and weakest for ENA; TVL surprise is strongest for AAVE, while the largest 7-day TVL drawdown is ENA. Cheapest on annualized 3-month run-rate revenue: CARDS (0.3x), PUMP (1.6x), MET (4.0x). Most expensive: ENA (> 100x), UNI (40x), HYPE (25x).

Recent Revenue and TVL Surprises

Revenue surprises compare the latest daily protocol revenue with the prior 30-day baseline. TVL surprise cards use the same 30-day baseline, while TVL drawdown uses 7-day TVL change.

Value vs Growth Map

Comps-style view: lower revenue multiples are cheaper, while stronger 30-day revenue and TVL growth should usually support a higher multiple. Zone labels are relative to this peer set, not a price target.

Peer valuation scatter MC / run-rate revenue vs blended growth

Scenario: next 12M protocol revenue equals the current 3M annualized run-rate.

Revenue Valuation

Default ranking is lowest market cap divided by 3M annualized run-rate revenue. Missing or not meaningful values sort last.

MC / run-rate revenue Scenario revenue 12M MC / scenario revenue 3M trend ratio 7D revenue pulse Trend label TVL Revenue 1D Revenue 7D Revenue 30D Quality Value capture Source Notes / caveats

Methodology

This dashboard separates actual trailing revenue from observed run-rate revenue and user-controlled scenarios. Most protocol revenue, TVL, and token market-cap data comes from DeFiLlama public API coverage, CoinGecko token market data, and DexScreener fallbacks where needed. For VVV, revenue is sourced from VeniceStats public metrics and charts APIs, using the observed 30-day Pro/Pro+/Max tier mix, current programmatic burns per day, an 8% monthly churn assumption, and a 12-month retained-cohort subscription ARR model. Last6Months revenue is the last 6 full calendar months of protocol revenue. The Last6Months multiple annualizes that six-month total before comparing it with market cap. Run-rate revenue is the average of the last 3 full calendar months annualized; for VVV, the run-rate field uses the VeniceStats modeled subscription ARR instead of DeFiLlama trailing protocol revenue. The 7D revenue pulse annualizes the latest 7 days of revenue and compares it with Last6Months annualized revenue so sudden changes are visible before they enter the 3M run-rate. Scenario revenue applies the selected next-12M sensitivity to the current run-rate. These are protocol-level and modeled subscription-revenue metrics and may not equal tokenholder cash flow. Value-capture labels and quality flags should be considered before interpreting a low revenue multiple as cheap.

Technical notes

PARTIAL: valuation row is usable, but one auxiliary field or interpretation caveat is incomplete.

  • CARDS: missing TVL series; token value capture unclear (tvl_collector-crypt:missing:JSONDecodeError: Expecting value: line 1 column 1 (char 0))