Onchain’s Substack

Onchain’s Substack

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Onchain’s Substack
Onchain’s Substack
DeFi Revenue Multiples + Raw Alpha Drop (#006)

DeFi Revenue Multiples + Raw Alpha Drop (#006)

Tracking valuations across major DeFi protocols. Plus a Raw Alpha drop of 17 new projects.

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Onchain Investment
Jun 25, 2025
∙ Paid

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Onchain’s Substack
Onchain’s Substack
DeFi Revenue Multiples + Raw Alpha Drop (#006)
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We are now tracking 7 leading DeFi protocols performance - Hyperliquid, Ondo, Uniswap, Aave, Pump.fun, Pendle and Lido. Join us as we track revenue and TVL metrics over time and assign a Buy, Sell or Hold signal to each based on performance.

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