Protocol revenue and token price are decoupling harder than ever: Uniswap generated $1.8B in fees YTD but UNI trades 60% below ATH, while Aave's $800M annual revenue hasn't prevented AAVE's 45% drawdown. The market is pricing in tokenomics dilution and governance risk, not cash flows. Real yield matters less than narrative right now.
כמו
תגובה
לַחֲלוֹק
