Protocol Fundamentals Radar
Not investment advice. Do your own research.
Revenue surprises compare the latest daily protocol revenue with the prior 30-day baseline. TVL surprise cards use the same 30-day baseline, while TVL drawdown uses 7-day TVL change.
Comps-style view: lower revenue multiples are cheaper, while stronger 30-day revenue and TVL growth should usually support a higher multiple. Zone labels are relative to this peer set, not a price target.
Relative to this peer set and the selected revenue scenario. Not a price target.
Default ranking is lowest market cap divided by 3M annualized run-rate revenue. Missing or not meaningful values sort last.
| MC / run-rate revenue | Scenario revenue 12M | MC / scenario revenue | 3M trend ratio | 7D revenue pulse | Trend label | TVL | Revenue 1D | Revenue 7D | Revenue 30D | Quality | Value capture | Source | Notes / caveats |
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Switch between current circulating market cap and FDV for crypto, divided by annualized Q2 2026 revenue. HOOD remains on equity market cap as an illustrative listed-equity benchmark.
HOOD reference: 21x
Horizontal position is the change in reported quarterly revenue. Vertical position uses current circulating market cap for crypto and current equity market cap for HOOD, divided by annualized 2Q26 revenue. Annualizing both quarters would leave the growth rate unchanged.
Chain operating metrics, Pons launchpad economics and a separately labelled HOOD equity benchmark. These supplemental rows stay out of the core crypto ranks and fitted growth curve until their denominators are comparable.
Fees are user-paid amounts; retained revenue and tracked holder distributions are separate. HOOD revenue is consolidated company revenue, not Robinhood Chain revenue. Other reviewed launchpads remain outside this release until their revenue definitions and token identities are independently verified.
This dashboard separates actual trailing revenue from observed run-rate revenue and user-controlled scenarios. Most protocol revenue, TVL, and token market-cap data comes from DeFiLlama public API coverage, CoinGecko token market data, and DexScreener fallbacks where needed. For VVV, revenue is sourced from VeniceStats public metrics and charts APIs, using the observed 30-day Pro/Pro+/Max tier mix, current programmatic burns per day, an 8% monthly churn assumption, and a 12-month retained-cohort subscription ARR model. Last6Months revenue is the last 6 full calendar months of protocol revenue. The Last6Months multiple annualizes that six-month total before comparing it with market cap. Run-rate revenue is the average of the last 3 full calendar months annualized; for VVV, the run-rate field uses the VeniceStats modeled subscription ARR instead of DeFiLlama trailing protocol revenue. The 7D revenue pulse annualizes the latest 7 days of revenue and compares it with Last6Months annualized revenue so sudden changes are visible before they enter the 3M run-rate. Scenario revenue applies the selected next-12M sensitivity to the current run-rate. These are protocol-level and modeled subscription-revenue metrics and may not equal tokenholder cash flow. Value-capture labels and quality flags should be considered before interpreting a low revenue multiple as cheap. Robinhood Chain and Pons are shown in a supplemental operating view while their history is still short; HOOD is a separately labelled listed-equity benchmark.