Bathymark Analysis Standard
Is the CRV reading confirmed underneath price?
CRV scores 47: valuation leads (0.2x market cap to protocol depth, 36x market cap to annual fees, 68x market cap to annual revenue, 1.56x FDV to market cap), with liquidity depth the soft spot.
- State
- Holding
- Confidence
- high100% component coverage. Visible risk covers 4 of 4 lanes.
- Observed
Three strongest drivers
- Liquidity depth10 / 100$319M market cap, $1.39B protocol depth
- Valuation66 / 1000.2x market cap to protocol depth, 36x market cap to annual fees, 68x market cap to annual revenue, 1.56x FDV to market cap
- Real demand