Smart sappy seal caught the difference for up-2:native.
Most people don't, that's why a ton of people fade. Info asymetry is unreal.
Use the official @uponrh analytics page for the most accurate data.
Here’s a chart to show why $UP actually has better fundamentals compared to early days of $AERO.
UP actually accumulated more revenue for holders while paying out less incentives than AERO.
Timeframe I used was when both projects started paying out emissions.
Clearly UP has been much more efficient in emissions because of dynamic emissions that only bribes LPs slightly more than fees.
All while generating a lot more revenue in the early days.
Ofc net revenue is still less than today’s AERO. But, that’s like comparing IBM’s revenue to MSFT’s when MSFT first launched.
Yet, many $AERO maxis still hate on my posts and think AERO will crush UP.
I love both projects, but clearly UP is the better product because of second mover advantage.
The reason why new tech is often better than old tech is because they can take all the good features, discard the bad ones, and improve upon the model.
Prices will reflect this 1-3 years from now imo.
So the market is saying $UP is only worth $5.46m mcap when it’s the third protocol based on holders revenue on RH for the last 30 days.
It’s generating 16.2% of $PONS ‘ holders revenue while being only 2.5% of PONS mcap.
Even if inflation because of the veDEX model 3x the mcap in a year, UP is still insanely undervalued.
The best r/r veDEX on the market imo. And I think UP will be dominating Robinhood chain.
The market is wrong imo. People don’t even read docs tbh.
(I also own a ton of $PONS).
It’s crazy how undervalued up-2:native is right now imo.
It’s ranked #23 out of all DeFi protocols for holders revenue for the last 30 days.
Mcap is only ~$7m.
FDV is only ~$90m.
Mcap will never be as high as FDV because a large portion of the supply will always be locked as veUP.
Even if you use FDV to compare with other projects, it is still extremely undervalued.
UP also has dynamic emissions day 1 which means much less inflation than older veDEXs.
Literally one of the best r/r in DeFi right now.
That’s why I max locked (I’ve never max locked before UP despite researching and LPing a lot of DEX tokens).
$UP chart looking like a coiled spring tbh
Bears keep pushing lower
Bulls keep defending the bottom
Someone’s patience is about to get tested very very SOON
Please don’t be the guy buying the fakeout
$UP is starting to look like a potential good entry again
from ~$94m ATH back to ~$7m mcap, while the product is still the native ve(3,3) liquidity layer of RH Chain
15k+ holders, ~$1m daily volume, and the chart is finally showing strength after the full reset
not calling the bottom, but this is the first zone where the risk/reward starts looking interesting again
ca: 0x57c0e45cb534413d1c20a4240955d6bb250bb4f1
@18decimals its cause majority of it is a low effort slop, if you bring any product which was made with actuall effort behind it and not oneshot prompt, it will be rewarded
its simple really, people see these slops as extractors which dont bring value but actually the opposite