Bathymark Analysis Standard
Is the LDO reading confirmed underneath price?
LDO scores 56: valuation leads (0.0x market cap to protocol depth, 1x market cap to annual fees, 11x market cap to annual revenue, 1.20x FDV to market cap), with liquidity depth the soft spot.
- State
- Deepening
- Confidence
- high100% component coverage. Visible risk covers 4 of 4 lanes.
- Observed
Three strongest drivers
- Liquidity depth16 / 100$264.38M market cap, $16.55B protocol depth
- Valuation84 / 1000.0x market cap to protocol depth, 1x market cap to annual fees, 11x market cap to annual revenue, 1.20x FDV to market cap
- Trend quality