Post #2903

If we look at DEXs’ 1-year average monthly fees vs FDV — the numbers tell an interesting story: • Uniswap generated $104.2M in fees, trading at $8.5B FDV • Cake generated $51.6M, trading at $900M FDV • Jupiter generated $95.2M, trading at $2.4B FDV • Raydium generated $79.6M, trading at $880M FDV While, Meteora generated a massive $136M, yet trades at just $521M FDV Meteora is the highest fee-generating DEX in the Solana ecosystem, yet its FDV is 2-3x lower than peers. Something doesn’t quite add up 👀