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ๅธๅœˆ็พŽ่‚กไบคๆ˜“ๅ‘˜
๐Ÿšจ XRP EXCHANGE WITHDRAWALS REACH FIVE YEAR HIGHS $AAVE โ€” 2โ€“3x $UNI โ€” 2โ€“4x $LDO โ€” 1.5โ€“3x $PUMP โ€” 1.5โ€“2.5x $AERO โ€” 2โ€“3x $RAY โ€” 2โ€“3x $CAKE โ€” 1.5โ€“2.5x $JUP โ€” 2โ€“3x $ONDO โ€” 2โ€“4x $ETHFI โ€” 2โ€“3x $CRV โ€” 2โ€“3x Trailing twelve-month revenue multiples across the listed DEX, lending and liquid-staking protocols remain clustered between 1x and 9x. That range sits well below prior-cycle peaks near 20โ€“40x and below comparable traditional financial infrastructure valuations. TVL-to-market-cap ratios for several of the names continue to exceed those of peers that generate lower absolute fees, while RWA-linked assets show measurable institutional custody flows and tokenized product AUM growth without commensurate equity re-rating. On-chain fee and volume data for the same set remain elevated relative to circulating market capitalizations. Exchange net flows and protocol-level usage metrics indicate sustained real activity that has not yet been reflected in price. The gap between cash-flow generation and current multiples leaves the group mispriced on a pure fundamental basis. Still adding only on weakness. Position size stays conservative. Desk notes for reference only. Independent verification required. Not investment advice. #XRP #Crypto #DeFi

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