image by Zoltan Tasi (https://unsplash.com/@zoltantasi)
July month end Mcap vs TVL ratio analysis complete. Our 15 selected projects average is 0.37 (USD0.37 mCap for every USD1.00 TVL). At end of Feb our top 11 projects averaged 0.81.
The following 3 projects have below average ratios at July end and we’ve included the data from Feb end as reference: $BADGER, $CRV and $BAL.
Suggest these are relatively cheap compared to their peers.
Data as at 31 July 2021
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