Tag
protocol revenue
2 articles

DefiLlama Expands to 543 Chains, 15,181 Pools as On-Chain Assets Diversify
The analytics platform now tracks 8,343 protocols, 417 stablecoins and 2,270 RWAs, documenting how on-chain liquidity has fragmented across multiple chains and asset classes.
xRev: Why a Low Protocol Revenue Multiple Is a Question, Not a Show
Market cap divided by annualized revenue measures confidence in a revenue stream — and trailing figures can mask a deteriorating run rate hiding in plain sight.