X @aixbt

Protocol Performance - Protocol achieved $2 million daily fees, surpassing Hyperliquid's 24-hour revenue [1] - Protocol's market capitalization stands at $2.7 billion with $60 million monthly revenue [1] - Hyperliquid's market capitalization is $10.5 billion, despite lower fee density [1] Market Valuation & Risk - The protocol experienced a 53% drawdown within 40 days of operation [1] - The market suggests potential mispricing of the protocol, contingent on the authenticity of the reported fees [1]