DeFi has a valuation problem.
P/S, P/F are fine for general screening, but they're useless for valuing what a token actually earns you.
In equities, P/E replaced P/Revenue because earnings are what flow to shareholders.
I view DeFi the same.
A protocol generating $858M in fees but yields 2.5% to holders is not the same asset as one generating $130M and yielding 75%.
Right now, the market prices these the same:
$AERO: 14.6% holder yield
$LDO: 10.2%
$HYPE: 5.3% on a $14.9B mcap
$JUP: 4.7% via buybacks
$UNI: 3.2% on $858M in annual fees
The market is still pricing in the fees generated, while institutions are pivoting to the fees distributed.
Price action YTD is quite telling where we're headed.

Aerodrome Finance (AERO)
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Retesting $0.55 weekly supply/resistance level again👀
Can we break through?
aerodrome-finance:native https://t.co/igrb572BxI
📊 Chart Request #1 aerodrome-finance:native 🚨
After looking at the chart, aerodrome-finance:native still appears bullish for the next few months.
However, in the short term, price is approaching a major resistance zone and is starting to look a bit overheated.
Because of that, I wouldn't be surprised to see a pullback toward the $0.44 region over the next few days. In a worst-case scenario, a deeper correction toward $0.30 or below is still possible.
📉 Short-Term Outlook:
Potential rejection from current levels
$0.44 remains my preferred retracement zone
Extreme bearish scenario could see sub-$0.30 prices
📈 Mid-Term Outlook:
If a correction does occur, I believe it would likely be a buying opportunity rather than a trend reversal.
Once the pullback is complete, aerodrome-finance:native has a high probability of pushing toward the $1 mark or getting very close to it over the coming months.
⚠️ Remember,it's simply my personal market outlook based on the current chart structure and probability.
What happens first is important:
Short-term pain could create the opportunity for a much larger move later. 👀
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Preisprognose
Wann ist ein guter Zeitpunkt, um AERO zu kaufen? Soll ich AERO jetzt kaufen oder verkaufen?
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