Bathymark Analysis Standard
Is the POL reading confirmed underneath price?
POL scores 51: valuation leads (0.3x market cap to protocol depth, 1x market cap to annual fees), with liquidity depth the soft spot.
- State
- Deepening
- Confidence
- high100% component coverage. Visible risk covers 4 of 4 lanes.
- Observed
Three strongest drivers
- Liquidity depth13 / 100$847.49M market cap, $968.02M chain depth, $3.43B stablecoins
- Valuation85 / 1000.3x market cap to protocol depth, 1x market cap to annual fees
- Real demand63