Cardano Vasil hard fork: ADA is 'priced more aggressively,' says Messari CardanoADA CardanoCommunity Vasilhardfork Blockchain
It states in a report titled"Non-EVM chains in the bear market" that"Cardano was priced aggressively compared to its adoption metrics."
According to a chart provided by Messari, Cardano was demonstrating a transaction multiple and TVL multiple of 240 and 127, respectively, which was far higher than other blockchains such as Solana, Tezos, Algorand and NEO. Transaction multiples are a type of financial metric used to value an asset. Cardano having greater transaction multiples and TVL multiples might mean, in a way, that Cardano was"overvalued" in Messari's context.Convinced that applying these sorts of traditional multiples - especially when based on inaccurate or flawed metrics - will mean that you continue to not get what drives value in crypto.
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