Dr.Hash“Wesley”|6月 02, 2026 05:06
How far apart can the market pricing of DeFi protocols that make real money be?
Hyperliquid SushiSwap - Comparison by Total Market Value (Fully Unlocked FDV)
(See the picture below)
HYPE's total market value is 1100 times that of Sushi, but its profit is only 33 times more. Sushi has reached 98% full circulation without unlocking or smashing; 78% of HYPE has not been released yet.
⏳ Don't forget its origin - the 2021 DeFi Summer, SUSHI once surged to $23 with a market value of billions of dollars. It is the "biological son" personally supported by SBF and Alameda, and the top of the top streams. Now that SBF has been imprisoned, Sushi has survived and is still quietly earning money.
Once billions of giants, now the P/E ratio is only three times. The cash cow completely forgotten by the market.
SUSHI HYPE DeFi SushiSwap Hyperliquid HYPE
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