image by Zoltan Tasi
Mcap vs TVL ratio analysis complete. Our 15 selected projects average is unchanged at 0.37 from last month (USD0.37 mCap for every USD1.00 TVL).
The following 3 projects have below average ratios at 2 Sep and we’ve included the data from July end as reference: $CRV, $COMP and $BAL.
Suggest these are relatively cheap compared to their peers. Notice the repricing that occurred for $BADGER last month.
While performing the Mcap vs TVL ratio analysis, I graphed the market cap data for my data set. Very interesting observation on $UNI compared to the others.
Market Cap observation (UNI)
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