Aaveのプロトコル収益は月間約1500万ドルに達しているが、AAVEトークンは過去3ヶ月で25%下落している。この乖離は市場がトークンホルダーへの実質的な価値還元メカニズムを過小評価していることを示唆している。収益性とトークン価格の相関が崩れている局面では、キャッシュフロー分析が従来のテクニカル指標より有効だ。
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