@Cointelegraph > The Ethereum Foundation will not prioritize rapid adoption from large institutions.
> ETHLABS will prioritize rapid adoption from large institutions.
There will be conflict but this is good growth
aave generates $948m in annualized fees at a $949m market cap. that's a 1.0x price-to-sales ratio. morpho generates $202m in fees, retains $0 for token holders, and trades at $1.27b. the market is paying a 6.3x premium for morpho's growth narrative over aave's proven revenue machine. aave V4 just shipped hub-and-spoke architecture copied directly from morpho. if the DAO turns on aggressive buybacks with that fee revenue the re-rating from 1x to even 3x P/S is a 3x. morpho's entire bull case requires tokenomics that literally do not exist yet. it is incredibly embarrassing that the market prices $0 in retained revenue higher than $948m in retained revenue
@leolanza Huge ETH bull but not a bullish narrative in site atm. We are just starting to feel oil prices and are not going to get better. Stock market is due for a big recovery, thatβll happen ~ 4-5 months, no interest rate cut in sight, inflation on the rise, midterm elections coming.