X @The Block

RT BR (@somanyfigs)P/E ratios for forward annual earnings growth:$HOOD — 45x P/E for 15% growth$IBKR — 35x P/E for 10% growth$HYPE — 24x P/E (FDV-based) for 35% growthIn terms of growth-adjusted valuations, Hyperliquid is currently priced at an ~80% discount to Robinhood and IBKRIs the crypto risk premium really that high? ...