CLARITY Act · Funding Round · US Senate · Bitcoin.com News
Grayscale Points to Top 15 Crypto Revenue Protocols Trading Cheap as CLARITY Act Nears
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Grayscale Investments said several leading revenue-generating crypto protocols are trading at relatively low valuation multiples.
Key facts
- Lido Finance generated $77 million at 3x, and Meteora $62 million at roughly 1x
- Raydium generated $46 million at a 3x multiple, while Collector Crypt traded at 1x with $49 million in revenue
- Hyperliquid led with $871 million in trailing 12-month revenue, a $13.46 billion market cap, and a 15x multiple
- Uniswap had the highest multiple at 37x with $49 million in revenue and a $1.78 billion market cap
Summary
Grayscale said many revenue-producing crypto protocols are trading at low multiples relative to their trailing revenue. The crypto asset manager said the CLARITY Act could support tokenized assets and on-chain finance. Grayscale Investments said many revenue-generating crypto protocols are trading at low valuation multiples as the CLARITY Act awaits possible Senate floor action. The firm’s head of research, Zach Pandl, wrote:.