Stacy in Dataland (´⊙~⊙`)

The list of protocols with the lowest P/F (fully diluted) ratio Read as: POTENTIALLY UNDERVALUED How to read a Low P/F Ratio ↓ • Undervalued (potentially): A low P/F ratio suggests the protocol is generating a lot of fees relative to its market cap. This can signal that the protocol is undervalued compared to its real economic activity. • Efficient revenue capture: It shows the protocol is monetizing usage well — people are actually using it and paying for it. • Possible hidden gem for investors looking for fundamental value in DeFi or infrastructure protocols. If a DEX has: FDV = $100M Annualized fees = $50M Then: P/F = 2, which is quite low, meaning you're paying $2 in FDV per $1 of protocol revenue. Compare that to another DEX with: FDV = $1B Fees = $25M P/F = 40 → potentially overvalued relative to the actual usage. Image

Hyperliquid’s fee structure has remained steady throughout its growth. This expansion is driven by genuine demand, not fee gamesmanship.

There are now six major players in the data availability arena: Ethereum, EigenDA, Celestia, Avail, NEAR and Espresso. In the infographics — the balance of each between speed, safety and price.

Moonwell’s MIP-X21 sparked a wave of growth in Q2: staking rewards soared on Base and Optimism, and total staked WELL hit 1 billion. But the real game-changer is the underlying mechanism that powered it all.

Aptos’ RWA TVL soared from $350M to $537M in just two weeks — a 55% monthly surge. It’s now leading the pack in adoption and momentum across tokenization networks.

Ethereum L1 saw tokenized asset value jump by nearly 50% in Q2 — reinforcing its status as the leading chain for asset tokenization.

Following its integration with Gemini, MSTR.d has climbed to $1.8M on Arbitrum. A strong move in the ongoing rise of RWA adoption in the network.

Exchange volumes have been tapering off since early June, with the monthly average slipping to $5.9B — just 7% above the yearly norm. It’s a subtle signal that investor enthusiasm may be cooling, even as prices hold steady.

KiiChain Testnet is live for early users — and it’s more than your typical points farm. What to know about KiiChain: • EVM chain built for tokenizing RWAs + PayFi in emerging markets • Testnet rewards: $ORO now, redeemable for $KII at mainnet • 90M $KII reward pool scaling with community growth Here's everything you need to know.

June kept options traders on edge. The 1-week skew swung from cautious optimism to intense downside hedging mid-month before leveling off. Meanwhile, the 6-month skew stayed negative but showed signs of easing as long-term sentiment steadied.

The current TVL chart shows a parabolic growth curve that has spanned over 6 years now, if we discount the 2021 bubble.

Btw, 390M $HYPE (38.8%) remains for community incentives – likely a second airdrop. Here's CryptoRank's new Hyperliquid airdrop guide + my detailed infographic summary.